Finance

Gionee Elife S8 to be launched at MWC next month

Gionee has announced that its upcoming Elife S8 flagship will be launched at this year’s Mobile World Congress, which is scheduled for next month (Feb 22 – Feb 25). The handset has been the subject of little to no rumours or leaks lately. As clear from the image above, the launch event is set for the first day of MWC ... Read More »

Banks report drop in demand for loans

Investors aren’t the only ones running for safety as the market tumbles and the economy wobbles. Businesses, too, are indicating an unwillingness to take on risk as loan demand declined for the first time in about four years, according to the Federal Reserve’s Senior Loan Officer Survey released this week. Demand for commercial and industrial loans has plunged in 2016, ... Read More »

Is Alphabet cursed now that it is No. 1?

The following is a free preview of CNBC Pro. To get more investment analysis and the live CNBC TV feed, please subscribe. To much fanfare, Alphabet’s market capitalization topped $531 billion Tuesday, surpassing Apple’s $524 billion worth and making the Google parent the most valuable publicly-traded company in the world. But heavy is the head that wears the crown. The ... Read More »

If Yahoo gets a bid, it should take it: Analyst

A top tech analyst thinks that if Yahoo gets a bid, it should sell itself. BGC Partners senior technology analyst Colin Gillis, who has a $39 price target on the stock, told CNBC’s “Squawk Alley” that the tech company should settle its affairs out of the limelight. “Yahoo is a turnaround play that has shown very little turnaround … the ... Read More »

Strategist: Forget the dips—buy the craters!

If the days of “buying the dips” are over, it’s only because investors should be waiting for something much, much bigger, according to one strategist. In volatile markets, buying the dip is an investing strategy to purchase stocks at a discount when they fall, betting that prices will rise again. However, Nick Colas of Convergex said a much more fitting ... Read More »

Strategist: Forget the dips—buy the craters!

If the days of “buying the dips” are over, it’s only because investors should be waiting for something much, much bigger, according to one strategist. In volatile markets, buying the dip is an investing strategy to purchase stocks at a discount when they fall, betting that prices will rise again. However, Nick Colas of Convergex said a much more fitting ... Read More »

Kors shares jump as less bad is good enough

Shares of Michael Kors shot up more than 20 percent Tuesday, after the handbag maker reported sales and profits that easily topped Wall Street’s expectations during the holiday quarter. More importantly, despite aggressive promotions that permeated across the broader handbag sector, the affordable luxury maker also reported better-than-feared gross margins. Adam Jeffery | CNBC A Michael Kors retail store on ... Read More »

Kors shares jump as less bad is good enough

Shares of Michael Kors shot up more than 20 percent Tuesday, after the handbag maker reported sales and profits that easily topped Wall Street’s expectations during the holiday quarter. More importantly, despite aggressive promotions that permeated across the broader handbag sector, the affordable luxury maker also reported better-than-feared gross margins. Adam Jeffery | CNBC A Michael Kors retail store on ... Read More »

Cramer: BP is like playing oil ‘roulette’

BP investors might as well be playing in the casino, especially after its latest earnings report, CNBC’s Jim Cramer said Tuesday. “BP turns out to be a dice roll in oil. Who would have thought of that [CEO Bob] Dudley had put together a company that I thought wasn’t nearly as levered to the daily price of oil. Literally, that’s ... Read More »

Cramer: BP is like playing oil ‘roulette’

BP investors might as well be playing in the casino, especially after its latest earnings report, CNBC’s Jim Cramer said Tuesday. “BP turns out to be a dice roll in oil. Who would have thought of that [CEO Bob] Dudley had put together a company that I thought wasn’t nearly as levered to the daily price of oil. Literally, that’s ... Read More »