Sen. Kirsten Gillibrand, D-N.Y., said Tuesday that she will run for president in 2020. Gillbrand, 52, said on "The Late Show with Stephen Colbert" that she is launching an exploratory committee. "I'm going to run for president of the United States because as a young mom, I'm going to fight for other people's kids as…
Nordstrom said sales at its full-price stores were "below expectations" this holiday season and because of that the department store chain is having to use more promotions to get rid of excess inventory. The retailer said in a press release Tuesday evening that it now expects its diluted earnings per share for fiscal 2018 to…
Streaming giant Netflix raising its subscription prices means good things for other large companies that offer subscription services, CNBC's Jim Cramer said Tuesday. "Netflix serves as a powerful reminder that the subscriber business model is incredibly strong here," the "Mad Money" host said. "A recurring service revenue stream is very, very lucrative." Better yet, Wall…
Brendan McDermid | Reuters A banner for Snap Inc. hangs on the facade of the the New York Stock Exchange on the eve of the company's IPO in New York. Snap chief financial officer Tim Stone is resigning to pursue other opportunities, the company said in a new filing. The stock dropped more than 8…
United Continental Holdings posted stronger revenue and profits than Wall Street expected in the fourth-quarter, while issuing a sunny outlook for earnings growth in 2019. The company's shares jumped by about 6 percent after the markets closed Tuesday. The parent company of United Airlines said revenue in the last three months of 2018 were $10.49…
Apple replaced 11 million iPhone batteries during the length of its battery replacement program, even though it only expected to replace about 1-2 million of them, according to well-connected Apple insider John Gruber. Apple CEO Tim Cook revealed the figure during an all-hands meeting that was first reported by Bloomberg. Apple's battery replacement program started…
Sean Gallup | Getty Images News | Getty Images British Prime Minister Theresa May departs after speaking at a press conference after attending a special session of the European Council over Brexit on November 25, 2018 in Brussels, Belgium. The British pound fell to a new session low on Tuesday after UK lawmakers voted down…
Preliminary earnings results are already showing earnings beats, RBC Capital Markets strategist Lori Calvasina said in a note to investors on Tuesday. But those better-than-expected results represent companies stepping over a very low bar. "The tone around demand and the underlying backdrop has rattled US equity investors," Calvasina said. Apple confirmed what many feared when…
Software stocks are leading the tech sector, and broader market, in a strong start to 2019. The XSW S&P software and services ETF has surged 7 percent in the past two weeks, better than the 3 percent gain on the XLK tech ETF and 4 percent advance on the S&P 500. Ari Wald, head of…
Airbnb posted its second straight year of profitability on an adjusted basis as it heads toward a possible IPO, the start-up announced Tuesday. Airbnb is one of several giant private tech companies gearing up for a public debut this year, alongside Uber, Lyft and WeWork. But Airbnb is eyeing the offering with two years of…
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