China Box Office: ‘Fate of the Furious’ Overtakes ‘Furious 7’ to Become Biggest Hollywood Film Ever

April 30th, 2017 Business, Movies


No American movie has ever earned more in local currency in the massive Chinese film market.

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Chinese paper mocks North Korea’s tech prowess after failed ballistic missile launch

April 29th, 2017 Business

A Chinese paper is knocking Pyongyang's tech prowess after its communist neighbor's failed test missile launch.

White House is open for business leaders—and their ideas

April 29th, 2017 Business

Nearly 300 executives have visited the White House this year, according to a New York Times tabulation.

Defense industry CEOs vent about ongoing budget mess in Washington

April 29th, 2017 Business

Top defense companies had first-quarter earnings calls this week and one common theme was annoyance over the budget mess

Lockheed wins $1.38 billion F-35 jet contract: Pentagon

April 29th, 2017 Business

The advance acquisition contract covers long-lead time materials, parts, components and work for low-rate initial production of the fighter jets.

NSA to stop collecting some internet communications

April 28th, 2017 Business

The move is being applauded by privacy advocates.

Op-Ed: I once got a $2 million bonus — and I was never more miserable

April 28th, 2017 Business

Former Wall Street trader Turney Duff now has four "pillars of happiness" — and none of them are money.

Canada shouldn’t be able to ‘change the rules on us,’ US Dairy Export Council president says

April 28th, 2017 Business

Trade negotiations with Mexico and Canada shouldn't "backtrack" on the important achievements of NAFTA, Vilsack says.

All in on tech: Investors own more technology stocks now than they have in at least 9 years

April 28th, 2017 Business

More managers are more overweight the tech sector today than they have been in a long time.

GoPro stock slides after shipments data fall short, but CEO says market is ‘far from saturated’

April 28th, 2017 Business

"We have a very strong product roadmap both in hardware and in software," CEO Nick Woodman says.

Shares of Time Inc plunge 19% after company drops plan to sell itself

April 28th, 2017 Business

Time Inc said on Friday it had evaluated potential offers but decided to pursue its own strategic plan, sending its shares tumbling more than 20 percent.

Goldman Sachs shareholders approve executive pay plan

April 28th, 2017 Business

This vote was notably different than that of last year, when only 66 percent of shareholders voted in favor of Goldman's "say on pay."

Consumer sentiment rose in April, but fell short of Wall Street’s expectations

April 28th, 2017 Business

Economists expected the University of Michigan's Consumer Sentiment Index to hit 98 in April, according to Thomson Reuters.

America’s economic growth slows to 0.7%

April 28th, 2017 Business

THE news that America’s GDP growth slowed to 0.7% on an annualised basis in the first quarter of 2017 is no real surprise, for two reasons. First, although consumer and small business confidence have soared since Donald Trump won the presidential election, most measures of actual economic activity have failed to display the same vim (see article). Second, it is often the case that growth sags in the first quarter of the year, despite recent efforts by statisticians to purge the economic data of seasonality. Since 2010, excluding today’s release, first-quarter GDP growth has averaged just 1.1%, compared with 2.5% at other times in the year. Judged against that benchmark, the latest data are only a little disappointing.

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Electrolux chief hails consumer confidence, lower interest rates for profits

April 28th, 2017 Business

Lower interest rates and increased consumer demand helped Electrolux beat analyst forecasts and report better than expected first quarter earnings, CEO Jonas Samuelson told CNBC .

Protests take center stage during Trump’s first 100 days in office

April 28th, 2017 Business

CNBC takes a look at some of the biggest protests that made headlines during Trump's first 100 days in office.

Macau market improving as Las Vegas Sands posts higher first-quarter earnings

April 28th, 2017 Business

Las Vegas Sands posted better first-quarter earnings, driven by gains from its Las Vegas operations an improving Macau.

Microsoft dips after revenue misses expectations

April 27th, 2017 Business

The company reported that revenue from its "more personal computing" segment, which includes Surface, badly missed estimates.

United settles with passenger dragged off flight

April 27th, 2017 Business

As part of the deal, the settlement amount remains confidential.

5 reasons analysts are still worried about Under Armour

April 27th, 2017 Business

Analysts raised key questions about the health of the company's brand during Under Armour's conference call Thursday morning.