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February 19, 2020
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Breaking News: Business

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How Ford bungled the 2019 launch of its bestselling Explorer

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CNBC – For more and to sign up click here Ford has had its share of struggles lately, including last year’s launch of its bestselling 2020 Explorer, a popular sport utility vehicle thought to be a bit of a cash cow for the automaker. Ford said in February that its......
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Plug Power is surging, adds to the list of stocks seeing big speculative trading right now

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CNBC – For more and to sign up click here Shares of Plug Power are surging, and social media users are weighing in on the stock on popular sites including Reddit, putting it among the ranks of other often discussed and speculative trading names like Tesla and Virgin Galactic. On......
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Boeing to inspect undelivered 737 Maxes for foreign object debris

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CNBC – For more and to sign up click here A Boeing 737 MAX 9 is pictured outside the factory in Renton, Washington. Stephen Brashear | Getty Images Boeing has told employees that it discovered foreign-object debris in fuel tanks of “several” 737 Max planes the manufacturer has in storage,......
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David Tepper’s Appaloosa hedge fund takes Intelsat stake

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CNBC – For more and to sign up click here David Tepper, founder and president of Appaloosa Management. Cameron Costa | CNBC David Tepper’s hedge fund, Appaloosa, took a minority stake in satellite company Intelsat on Tuesday and sent a letter to its board, urging the company to renegotiate terms......
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Outside of the big 5 tech companies, earnings growth is zero

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CNBC – For more and to sign up click here The stock market may be hovering around all-time highs, but just 5 companies are contributing to the S&P 500’s earnings growth, Goldman Sachs said in a new note. After crunching the data from the 397 S&P components that have reported......
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General Mills’ plans to revive cereal sales include selling a box for $13

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CNBC – For more and to sign up click here A woman shops for Cheerios cereal at a Price Chopper supermarket in South Burlington, Vermont. Robert Nickelsberg | Getty Images General Mills‘ plan to revive cereal sales includes a $13 box of the breakfast food. The new Morning Summit cereal,......
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Walmart (WMT) reports Q4 fiscal 2020 earnings

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CNBC – For more and to sign up click here Walmart earnings and revenue for the holiday quarter missed analysts’ estimates, as the retailer cited softness in toys and apparel during December. The company said earnings took a hit, in part, because of political unrest in Chile, where protests have......
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Pier 1 files for Ch. 11 bankruptcy as talks with potential buyers continue

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CNBC – For more and to sign up click here Luke Sharrett | Bloomberg | Getty Images Pier 1 announced Monday that it began Chapter 11 bankruptcy proceedings in Virginia and that it is pursuing a sale of the company. The home furnishings chain said in a release that it filed......
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Dairy Farmers of America agrees to buy Dean Foods, America’s biggest milk producer, for $425 million

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CNBC – For more and to sign up click here A container of Dean Foods Co. Dairy Pure brand sour cream is displayed for a photograph in Dobbs Ferry, New York, U.S., on Wednesday, Feb. 20, 2019. Tiffany Hagler Geard | Bloomberg | Getty Images Dairy Farmers of America announced......
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Floods put Mississippi capital in ‘precarious situation’

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CNBC – For more and to sign up click here Marcus Morris steadies the boat as his neighbor Chris Sharp readies the trolling motor for another trip through their Pearl River flooded neighborhood in Jackson, Miss., Sunday, Feb. 16, 2020. Rogelio V. Solis | AP With the waters in the......
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Trump administration is reportedly weighing limits to China’s access to chip technology

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CNBC – For more and to sign up click here A worker at the photolithography section of a semiconductor plant of the Mikron Group in Zelenograd, Moscow. Anton Novoderezhkin | TASS | Getty Images The Trump administration is weighing trade restrictions on China that would limit the use of American......
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More than 1,000 Justice Department alumni call for Barr’s resignation

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CNBC – For more and to sign up click here US President Donald Trump (L) shakes hands with US Attorney General William Barr (R) during the Public Safety Officer Medal of Valor presentation ceremony at the White House in Washington, DC on May 22, 2019. Jim Watson | AFP |......
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Amy Klobuchar says campaign has raised over $12 million since New Hampshire

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CNBC – For more and to sign up click here Democratic presidential candidate Senator Amy Klobuchar speaks to supporters at her New Hampshire primary night rally in Concord, New Hampshire, U.S. February 11, 2020. Gretchen Ertl | Reuters Sen. Amy Klobuchar’s campaign for president has raised over $12 million online......
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Netflix’s disappointing night raises questions about strategy

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CNBC – For more and to sign up click here Scarlett Johansson and Adam Driver star in Netflix’s “Marriage Story.” Netflix Netflix‘s films had no trouble winning nominations during this year’s awards season — it just had a hard time turning nominations into trophies. At both the Golden Globes ceremony......
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Trump administration may stop exporting GE’s engines to China: WSJ

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CNBC – For more and to sign up click here A logo is displayed next to a gas turbine at the General Electric Co. (GE) energy plant in Greenville, South Carolina, U.S., on Tuesday, Jan. 10, 2017. General Electric Co. is scheduled to release earnings figures on January 20. Sharrett......
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Here’s why the White House doesn’t trust China’s coronavirus numbers

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CNBC – For more and to sign up click here Chinese President Xi Jinping, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, inspects the novel coronavirus pneumonia prevention and control work in Beijing, capital of China, on Feb. 10, 2020.......
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Bloomberg is considering Hillary Clinton as his running mate, says Matt Drudge

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CNBC – For more and to sign up click here Hillary Clinton speaks onstage at ‘Hillary Clinton and Chelsea Clinton discuss their new book ‘The Book of Gutsy Women’ at The Wilshire Ebell Theatre on November 05, 2019 in Los Angeles, Emma McIntyre | Getty Images Presidential candidate Mike Bloomberg......
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Nielsen data show audiences are tired of award shows

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CNBC – For more and to sign up click here The Academy Awards may be the biggest night in Hollywood, but fewer and fewer people are tuning into the big event. Last Sunday, viewership for the annual Oscars telecast plunged to a new low, with only 23.6 million people watching......
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Talks to sell Victoria’s Secret to Sycamore Partners to spill into next week

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CNBC – For more and to sign up click here Josephine Skriver attends the debut of Victoria’s Secret’s new fall collection at Natick Mall on August 17, 2019 in Natick, Massachusetts. Taylor Hill | Getty Images Talks to sell L Brands‘ Victoria’s Secret brand to private equity firm Sycamore Partners......
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The biggest US mall owner Simon Property Group is doubling down on retail

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CNBC – For more and to sign up click here Shoppers walk through the King of Prussia mall in King of Prussia, Pennsylvania. Jennah Moon | Bloomberg | Getty Images Simon Property Group is on a buying spree as America’s mall operators grapple with declining foot traffic and some struggle......

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