BJ’s and Costco can both save you money—but if you want to shop online, this one’s the better deal

Wholesale clubs can be a great way to save some serious cash, especially if you’re shopping for an entire household. We decided to put BJ’s and Costco to the test. To determine which store generally has the lowest prices for bulk items, CNBC Make It compared BJ’s and Costco prices listed online that are available to members through home delivery options in the New York City area. We evaluated both national brands and each company’s store brand when those were available. After crunching the numbe


Wholesale clubs can be a great way to save some serious cash, especially if you’re shopping for an entire household. We decided to put BJ’s and Costco to the test. To determine which store generally has the lowest prices for bulk items, CNBC Make It compared BJ’s and Costco prices listed online that are available to members through home delivery options in the New York City area. We evaluated both national brands and each company’s store brand when those were available. After crunching the numbe
BJ’s and Costco can both save you money—but if you want to shop online, this one’s the better deal Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: megan leonhardt, -john karolefski, grocery store analyst, editor of grocery stories, -joanie demer, krazy coupon lady co-founder
Keywords: news, cnbc, companies, bjs, prices, items, york, youre, deal, shop, costco, store, moneybut, better, ones, household, online, wholesale, save, way


BJ's and Costco can both save you money—but if you want to shop online, this one's the better deal

Wholesale clubs can be a great way to save some serious cash, especially if you’re shopping for an entire household. But which offers the best deals without your having to leave the house? We decided to put BJ’s and Costco to the test.

To determine which store generally has the lowest prices for bulk items, CNBC Make It compared BJ’s and Costco prices listed online that are available to members through home delivery options in the New York City area. We evaluated both national brands and each company’s store brand when those were available.

After crunching the numbers on 26 grocery items — including fresh produce, baking ingredients, meat, and household items such as trash bags and laundry detergent — BJ’s came out ahead in 18 categories where both retailers sold a similar product.

Here’s how each store stacks up.


Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: megan leonhardt, -john karolefski, grocery store analyst, editor of grocery stories, -joanie demer, krazy coupon lady co-founder
Keywords: news, cnbc, companies, bjs, prices, items, york, youre, deal, shop, costco, store, moneybut, better, ones, household, online, wholesale, save, way


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Retired Navy SEAL: Here’s how strong leaders deal with mistakes

Retired Navy SEAL: Here’s how strong leaders deal with mistakes5 Hours AgoTo view this site, you need to have JavaScript enabled in your browser, and either the Flash Plugin or an HTML5-Video enabled browser. Download the latest Flash player and try again. Don’t just blame others for your team’s mistakes, says former Navy SEAL Jocko Willink. Here’s how to take responsibility and be a leader.


Retired Navy SEAL: Here’s how strong leaders deal with mistakes5 Hours AgoTo view this site, you need to have JavaScript enabled in your browser, and either the Flash Plugin or an HTML5-Video enabled browser. Download the latest Flash player and try again. Don’t just blame others for your team’s mistakes, says former Navy SEAL Jocko Willink. Here’s how to take responsibility and be a leader.
Retired Navy SEAL: Here’s how strong leaders deal with mistakes Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23
Keywords: news, cnbc, companies, willink, teams, flash, mistakes, try, view, enabled, leaders, retired, strong, seal, navy, heres, browser, deal


Retired Navy SEAL: Here's how strong leaders deal with mistakes

Retired Navy SEAL: Here’s how strong leaders deal with mistakes

5 Hours Ago

To view this site, you need to have JavaScript enabled in your browser, and either the Flash Plugin or an HTML5-Video enabled browser. Download the latest Flash player and try again.

Don’t just blame others for your team’s mistakes, says former Navy SEAL Jocko Willink. Here’s how to take responsibility and be a leader.


Company: cnbc, Activity: cnbc, Date: 2019-04-23
Keywords: news, cnbc, companies, willink, teams, flash, mistakes, try, view, enabled, leaders, retired, strong, seal, navy, heres, browser, deal


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Foxconn and Wisconsin are renegotiating their massive factory deal, governor’s letter reveals

Wisconsin Governor Tony Evers says the state is renegotiating its contract with Taiwanese contract manufacturer Foxconn to build a massive LCD plant in the state, after Foxconn approached state officials to propose changes in the deal. Scott Walker, the company announced plans for a $10 billion manufacturing complex outside Racine, Wisconsin, with the promise of 13,000 new jobs. Since then, the program appears to have stalled and the company has announced changes in the product mix at the facili


Wisconsin Governor Tony Evers says the state is renegotiating its contract with Taiwanese contract manufacturer Foxconn to build a massive LCD plant in the state, after Foxconn approached state officials to propose changes in the deal. Scott Walker, the company announced plans for a $10 billion manufacturing complex outside Racine, Wisconsin, with the promise of 13,000 new jobs. Since then, the program appears to have stalled and the company has announced changes in the product mix at the facili
Foxconn and Wisconsin are renegotiating their massive factory deal, governor’s letter reveals Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: scott cohn, daniel acker, bloomberg, getty images
Keywords: news, cnbc, companies, plans, wrote, evers, company, factory, foxconn, letter, woo, massive, renegotiating, wisconsin, changes, deal, announced, state, governors, reveals


Foxconn and Wisconsin are renegotiating their massive factory deal, governor's letter reveals

Wisconsin Governor Tony Evers says the state is renegotiating its contract with Taiwanese contract manufacturer Foxconn to build a massive LCD plant in the state, after Foxconn approached state officials to propose changes in the deal.

The disclosure comes in a letter from Evers to Foxconn executive Louis Woo, a special assistant to Chairman Terry Gou and the company’s point person on the project.

In 2017, amid great fanfare including a White House ceremony including President Trump, Foxconn officials and then-Wisconsin Gov. Scott Walker, the company announced plans for a $10 billion manufacturing complex outside Racine, Wisconsin, with the promise of 13,000 new jobs. In return, the state promised $4.5 billion in incentives, as well as infrastructure improvements in the state.

Since then, the program appears to have stalled and the company has announced changes in the product mix at the facility. After Woo suggested earlier this year that the company was scaling back its plans, the President reportedly intervened, and the company announced plans to break ground later this year.

Republicans, who control the state legislature, accused Evers, a Democrat, of sabotaging the deal.

But in his letter, Evers says Woo talked to him — as well as State Assembly Speaker Robin Vos and Senate Majority Leader Scott Fitzgerald — about unspecified changes to the deal at a meeting in March.

“To my knowledge, this was the first time either Foxconn or the State of Wisconsin has mentioned amending or changing the agreement approved on 2017,” Evers wrote about the March meeting.

In response, Evers wrote, the state is identifying areas that “will enable greater flexibility and transparency as the project continues to evolve.”

A spokesperson for Foxconn was not immediately available for comment.

WATCH: Foxconn’s plans for Wisconsin are slow-going


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: scott cohn, daniel acker, bloomberg, getty images
Keywords: news, cnbc, companies, plans, wrote, evers, company, factory, foxconn, letter, woo, massive, renegotiating, wisconsin, changes, deal, announced, state, governors, reveals


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Foxconn and Wisconsin are renegotiating their massive factory deal, governor’s letter reveals

Wisconsin Governor Tony Evers says the state is renegotiating its contract with Taiwanese contract manufacturer Foxconn to build a massive LCD plant in the state, after Foxconn approached state officials to propose changes in the deal. Scott Walker, the company announced plans for a $10 billion manufacturing complex outside Racine, Wisconsin, with the promise of 13,000 new jobs. Since then, the program appears to have stalled and the company has announced changes in the product mix at the facili


Wisconsin Governor Tony Evers says the state is renegotiating its contract with Taiwanese contract manufacturer Foxconn to build a massive LCD plant in the state, after Foxconn approached state officials to propose changes in the deal. Scott Walker, the company announced plans for a $10 billion manufacturing complex outside Racine, Wisconsin, with the promise of 13,000 new jobs. Since then, the program appears to have stalled and the company has announced changes in the product mix at the facili
Foxconn and Wisconsin are renegotiating their massive factory deal, governor’s letter reveals Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: scott cohn, daniel acker, bloomberg, getty images
Keywords: news, cnbc, companies, plans, wrote, evers, company, factory, foxconn, letter, woo, massive, renegotiating, wisconsin, changes, deal, announced, state, governors, reveals


Foxconn and Wisconsin are renegotiating their massive factory deal, governor's letter reveals

Wisconsin Governor Tony Evers says the state is renegotiating its contract with Taiwanese contract manufacturer Foxconn to build a massive LCD plant in the state, after Foxconn approached state officials to propose changes in the deal.

The disclosure comes in a letter from Evers to Foxconn executive Louis Woo, a special assistant to Chairman Terry Gou and the company’s point person on the project.

In 2017, amid great fanfare including a White House ceremony including President Trump, Foxconn officials and then-Wisconsin Gov. Scott Walker, the company announced plans for a $10 billion manufacturing complex outside Racine, Wisconsin, with the promise of 13,000 new jobs. In return, the state promised $4.5 billion in incentives, as well as infrastructure improvements in the state.

Since then, the program appears to have stalled and the company has announced changes in the product mix at the facility. After Woo suggested earlier this year that the company was scaling back its plans, the President reportedly intervened, and the company announced plans to break ground later this year.

Republicans, who control the state legislature, accused Evers, a Democrat, of sabotaging the deal.

But in his letter, Evers says Woo talked to him — as well as State Assembly Speaker Robin Vos and Senate Majority Leader Scott Fitzgerald — about unspecified changes to the deal at a meeting in March.

“To my knowledge, this was the first time either Foxconn or the State of Wisconsin has mentioned amending or changing the agreement approved on 2017,” Evers wrote about the March meeting.

In response, Evers wrote, the state is identifying areas that “will enable greater flexibility and transparency as the project continues to evolve.”

A spokesperson for Foxconn was not immediately available for comment.

WATCH: Foxconn’s plans for Wisconsin are slow-going


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: scott cohn, daniel acker, bloomberg, getty images
Keywords: news, cnbc, companies, plans, wrote, evers, company, factory, foxconn, letter, woo, massive, renegotiating, wisconsin, changes, deal, announced, state, governors, reveals


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Trump’s NAFTA changes would lead to modest boost in growth and jobs, report says

The report comes as President Donald Trump pushes Congress to ratify the revised trade deal despite reservations from both Democrats and Republicans. Even some Republicans in Congress have called the USMCA more of a tweak to NAFTA than a major overhaul. A separate report from the U.S. Trade Representative, part of the executive branch, projected the deal would have bigger effects on the auto industry specifically. While the ITC estimated 28,000 job gains in the auto sector, the USTR thinks the t


The report comes as President Donald Trump pushes Congress to ratify the revised trade deal despite reservations from both Democrats and Republicans. Even some Republicans in Congress have called the USMCA more of a tweak to NAFTA than a major overhaul. A separate report from the U.S. Trade Representative, part of the executive branch, projected the deal would have bigger effects on the auto industry specifically. While the ITC estimated 28,000 job gains in the auto sector, the USTR thinks the t
Trump’s NAFTA changes would lead to modest boost in growth and jobs, report says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-18  Authors: jacob pramuk, chris kleponis, pool, getty images
Keywords: news, cnbc, companies, jobs, nafta, changes, deal, auto, growth, modest, itc, trump, lead, trade, trumps, congress, revised, boost, report


Trump's NAFTA changes would lead to modest boost in growth and jobs, report says

The report comes as President Donald Trump pushes Congress to ratify the revised trade deal despite reservations from both Democrats and Republicans. The president has spent his time in office trying to rework trade relationships with major partners, saying changes such as the ones made to NAFTA will encourage American manufacturing and job creation in the U.S.

While the ITC study shows the deal would have positive benefits for jobs and economic growth, it underscores that the deal is hardly the “largest” trade agreement ever as Trump has boasted. Even some Republicans in Congress have called the USMCA more of a tweak to NAFTA than a major overhaul.

“The miniscule projected gains in this long-awaited official government assessment of the revised NAFTA contradict Donald Trump’s grandiose claims that it will lead to ‘cash and jobs pouring into the U.S.’ and reinforces congressional Democrats’ views that absent more improvements, the revised deal won’t stop NAFTA’s ongoing damage,” Lori Wallach, director of Public Citizen’s Global Trade Watch, said in a statement to CNBC.

A separate report from the U.S. Trade Representative, part of the executive branch, projected the deal would have bigger effects on the auto industry specifically. While the ITC estimated 28,000 job gains in the auto sector, the USTR thinks the trade deal would create 76,000 auto jobs in the next five years, a roughly 7.5 percent increase for the industry.

Some industries cheered the ITC report — both the National Association of Manufacturers and the Computer & Communications Industry Association encouraged Congress to approve USMCA following its release.

Democrats — who hold the House and the power to slow ratification of the deal — have raised concerns about labor and environmental provisions contained in the deal. Some GOP lawmakers have also pushed Trump to drop tariffs on steel and aluminum imports from Canada and Mexico before moving forward with the agreement.

The deal would not come without its downsides for consumers. Under the provisions of the agreement, auto costs would rise and sales would fall, the ITC estimated.

— CNBC’s Mary Catherine Wellons contributed to this report

Subscribe to CNBC on YouTube.


Company: cnbc, Activity: cnbc, Date: 2019-04-18  Authors: jacob pramuk, chris kleponis, pool, getty images
Keywords: news, cnbc, companies, jobs, nafta, changes, deal, auto, growth, modest, itc, trump, lead, trade, trumps, congress, revised, boost, report


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Weed giant Canopy Growth closing in on deal to buy Acreage Holdings

Canadian cannabis giant Canopy Growth is close to a deal to purchase Acreage Holdings — the latest in a string of deals in the fast-growing industry. Sources also told CNBC that Canopy had been looking at deals with other U.S.-based operators, in addition to Acreage. For its part, Canopy Growth remains one of the largest players in the burgeoning cannabis industry. In its most recent earnings report, Canopy said it sold 10,102 kilograms of pot and equivalents in the three months ended December 2


Canadian cannabis giant Canopy Growth is close to a deal to purchase Acreage Holdings — the latest in a string of deals in the fast-growing industry. Sources also told CNBC that Canopy had been looking at deals with other U.S.-based operators, in addition to Acreage. For its part, Canopy Growth remains one of the largest players in the burgeoning cannabis industry. In its most recent earnings report, Canopy said it sold 10,102 kilograms of pot and equivalents in the three months ended December 2
Weed giant Canopy Growth closing in on deal to buy Acreage Holdings Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-17  Authors: thomas franck, tom franck
Keywords: news, cnbc, companies, largest, growth, closing, giant, industry, acreage, canopy, sources, weed, operators, deal, told, million, cannabis, recent, buy, holdings


Weed giant Canopy Growth closing in on deal to buy Acreage Holdings

Canadian cannabis giant Canopy Growth is close to a deal to purchase Acreage Holdings — the latest in a string of deals in the fast-growing industry.

The two companies have been in talks for about two weeks and were scheduled to speak on the phone Wednesday evening to finalize the agreement, sources familiar with the matter told CNBC’s Melissa Lee. Sources also told CNBC that Canopy had been looking at deals with other U.S.-based operators, in addition to Acreage.

Shares of Canopy rallied more than 10% in after hours trading Wednesday following the news. Neither company was immediately available to comment.

Acreage Holdings, one of the largest vertically integrated, multistate cannabis operators in the U.S., has attracted attention on Wall Street in part thanks to John Boehner, former speaker of the U.S. House of Representatives and a director at the company.

For its part, Canopy Growth remains one of the largest players in the burgeoning cannabis industry. With a market cap of about $14 billion, Canopy has drawn attention for its partnership with Corona beer maker Constellation Brands. It’s also announced plans to locate a hemp operations in New York State with the help of a recent acquisition of cannabis research company, Ebbu.

In its most recent earnings report, Canopy said it sold 10,102 kilograms of pot and equivalents in the three months ended December 2018. It’s also introduced new products such as oral sprays and pre-rolled joints made by its custom-built, proprietary automated cannabis rolling machines.

As of September, Canopy had 4.3 million square feet of licensed capacity in Canada, which it is expanding to 5.6 million. That represents about 35% of industry capacity, according to industry analysts.

This story is developing. Please check back for updates.


Company: cnbc, Activity: cnbc, Date: 2019-04-17  Authors: thomas franck, tom franck
Keywords: news, cnbc, companies, largest, growth, closing, giant, industry, acreage, canopy, sources, weed, operators, deal, told, million, cannabis, recent, buy, holdings


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The EU is not ready to deal with Russian influence in its elections. Here’s why

The European Union is having a hard job building a sufficient firewall when it comes to election interference, experts have told CNBC. The European Parliament — the EU’s legislative arm — has launched a campaign to tackle online disinformation ahead of its elections in May. But there are certain loopholes that mean there could still be outside influence in the vote. He added that there are a number of steps that European institutions should take to prevent such influence. The Russian government


The European Union is having a hard job building a sufficient firewall when it comes to election interference, experts have told CNBC. The European Parliament — the EU’s legislative arm — has launched a campaign to tackle online disinformation ahead of its elections in May. But there are certain loopholes that mean there could still be outside influence in the vote. He added that there are a number of steps that European institutions should take to prevent such influence. The Russian government
The EU is not ready to deal with Russian influence in its elections. Here’s why Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-16  Authors: silvia amaro, thomas trutschel, photothek, getty images, -andrew foxall, director at the henry jackson society, -donald tusk, european council president
Keywords: news, cnbc, companies, eu, russian, deal, european, information, disinformation, told, campaign, elections, russia, influence, heres, foxall, ready


The EU is not ready to deal with Russian influence in its elections. Here's why

The European Union is having a hard job building a sufficient firewall when it comes to election interference, experts have told CNBC.

The European Parliament — the EU’s legislative arm — has launched a campaign to tackle online disinformation ahead of its elections in May. But there are certain loopholes that mean there could still be outside influence in the vote.

“Russia will attempt to influence the parliamentary elections using its usual tool kit, including targeted propaganda, and the stealing and leaking of information,” Andrew Foxall, director of the Russia and Eurasia studies at the Henry Jackson Society, told CNBC via email.

He added that there are a number of steps that European institutions should take to prevent such influence. EU countries could share information with each other on “fake news” stories or disinformation; make public any influence attempts — whether from Russia or elsewhere; pledge not to use stolen data in their campaigns and make campaign financing more transparent, Foxall said.

The Russian government was not immediately available for comment when contacted by CNBC.


Company: cnbc, Activity: cnbc, Date: 2019-04-16  Authors: silvia amaro, thomas trutschel, photothek, getty images, -andrew foxall, director at the henry jackson society, -donald tusk, european council president
Keywords: news, cnbc, companies, eu, russian, deal, european, information, disinformation, told, campaign, elections, russia, influence, heres, foxall, ready


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Huawei says it hasn’t talked with Apple about any 5G chip deal — even though CEO Ren is ‘open’ to it

Huawei has not had any discussions with Apple about selling 5G chips to the Cupertino-based company, one of the company’s top bosses said Tuesday. The comments come after Huawei’s CEO and founder Ren Zhengfei told CNBC that the Chinese firm is “open” to selling its 5G modems to the iPhone maker. “We do not have communication with Apple on this issue,” Hu said at the Huawei Analyst Summit held in Shenzhen, China on Monday. Speaking with CNBC on Saturday, Ren called Apple a “great company,” a sent


Huawei has not had any discussions with Apple about selling 5G chips to the Cupertino-based company, one of the company’s top bosses said Tuesday. The comments come after Huawei’s CEO and founder Ren Zhengfei told CNBC that the Chinese firm is “open” to selling its 5G modems to the iPhone maker. “We do not have communication with Apple on this issue,” Hu said at the Huawei Analyst Summit held in Shenzhen, China on Monday. Speaking with CNBC on Saturday, Ren called Apple a “great company,” a sent
Huawei says it hasn’t talked with Apple about any 5G chip deal — even though CEO Ren is ‘open’ to it Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-16  Authors: arjun kharpal, elizabeth schulze
Keywords: news, cnbc, companies, ceo, huaweis, hu, mobile, huawei, apple, company, iphone, talked, open, chip, selling, 5g, deal, ren


Huawei says it hasn't talked with Apple about any 5G chip deal — even though CEO Ren is 'open' to it

Huawei has not had any discussions with Apple about selling 5G chips to the Cupertino-based company, one of the company’s top bosses said Tuesday.

The comments come after Huawei’s CEO and founder Ren Zhengfei told CNBC that the Chinese firm is “open” to selling its 5G modems to the iPhone maker. And while the company may see some potential in that idea, it hasn’t had any talks with Apple about the subject, according to Ken Hu, one of Huawei’s rotating chairmen.

“We do not have communication with Apple on this issue,” Hu said at the Huawei Analyst Summit held in Shenzhen, China on Monday. Hu was addressing a large audience in Mandarin through an official translator.

Last year, Huawei released its own 5G modem. That’s a piece of equipment inside devices to help them connect to mobile internet.

Speaking with CNBC on Saturday, Ren called Apple a “great company,” a sentiment that was echoed by Hu, who said he looked forward to Apple’s participation in the 5G phone market. 5G is the name given to next-generation mobile networks which promise to deliver super-fast download speeds and support new technologies like driverless cars.

“5G is in an exciting era preparing for its full bloom. We think at this time Apple should definitely play a very important role in it and Apple should not be absent from it,” Hu said.

Apple does not yet have a 5G-compatible iPhone. Huawei and rival Samsung have both announced 5G-ready handsets.


Company: cnbc, Activity: cnbc, Date: 2019-04-16  Authors: arjun kharpal, elizabeth schulze
Keywords: news, cnbc, companies, ceo, huaweis, hu, mobile, huawei, apple, company, iphone, talked, open, chip, selling, 5g, deal, ren


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Can European banks be saved by a fresh round of deal making?

The comparisons with U.S. peers just got a lot harder for European banks after a strong showing from J.P. Morgan to kick off earnings season, but could there be fresh revenue on the way for European investment banks, even if it is of their own making? European banks have found themselves wedged into the same category as basic resources back in 2015: uninvestable. One banking commentator told CNBC this month that investors should forget about European banks’ NIMs expanding for a few years now. Ju


The comparisons with U.S. peers just got a lot harder for European banks after a strong showing from J.P. Morgan to kick off earnings season, but could there be fresh revenue on the way for European investment banks, even if it is of their own making? European banks have found themselves wedged into the same category as basic resources back in 2015: uninvestable. One banking commentator told CNBC this month that investors should forget about European banks’ NIMs expanding for a few years now. Ju
Can European banks be saved by a fresh round of deal making? Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-16  Authors: karen tso, prisma dukas, universal images group, getty images
Keywords: news, cnbc, companies, fresh, european, bank, making, banks, capital, round, nims, deutsche, saved, investors, investment, interest, consolidation, deal


Can European banks be saved by a fresh round of deal making?

The comparisons with U.S. peers just got a lot harder for European banks after a strong showing from J.P. Morgan to kick off earnings season, but could there be fresh revenue on the way for European investment banks, even if it is of their own making?

There’s a mooted capital raising for Deutsche Bank before any possible consolidation with Commerzbank. Meanwhile, Italian lender UniCredit is waiting in the wings let alone any other rival jumping on the bandwagon.

European banks have found themselves wedged into the same category as basic resources back in 2015: uninvestable.

The European Central Bank (ECB) folded and conceded its current hand of cards meant no chance of hiking its benchmark interest rate for the foreseeable future, delivering a dose of realism.

The loser wasn’t the ultra-dovish ECB President Mario Draghi, but bank investors stuck in a much dreaded value trap. Hope vanished for a long-awaited expansion in net interest margins (NIMs) for banks in 2019, which is essentially the profits that these banks make and is usually much better if rates are higher.

One banking commentator told CNBC this month that investors should forget about European banks’ NIMs expanding for a few years now.

To be fair bank bosses are trying everything. UBS resorted to verbal kitchen sinking recently, telling investors it had been saddled with the worst start to the year in many years.

Others are keeping a brave face, Santander is steadfast it can deliver lofty ROTE (return on tangible equity) targets of 13% to 15% in the medium term, up from 11.7% last year — because it has done it before in the face of headwinds.

Then there is all the noise of consolidation driven by the German lenders Deutsche Bank and Commerzbank. Typically, this news flow would mean “game on” for buying on mere consolidation hopes. Just not in European banks where merger and acquisitions have been slim. Any sector action — and that’s being kind using the word action — can be viewed as recovery after freefall last year.

There is a long laundry list of fears around the banks which can be best summarized as a lack of growth. But can deal-making actually save the day? Perhaps. Without growing capital, banks could be forced to sell assets or raise more capital. Activists have called for smaller investment banks at Deutsche Bank, Credit Suisse and Barclays so any extra business even from ill-fated mergers would be welcome.


Company: cnbc, Activity: cnbc, Date: 2019-04-16  Authors: karen tso, prisma dukas, universal images group, getty images
Keywords: news, cnbc, companies, fresh, european, bank, making, banks, capital, round, nims, deutsche, saved, investors, investment, interest, consolidation, deal


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Sprint stock falls 10% on report T-Mobile merger is unlikely to be approved as currently structured

The Justice Department is unlikely to approve a planned $26 billion merger between T-Mobile and Sprint, The Wall Street Journal reported Tuesday. Shares of Sprint plunged as much as 12% in after-hours trading following the report, while T-Mobile fell more than 4%. The Justice Department did not immediately respond to a request for comment. About a year ago, T-Mobile and Sprint announced they had reached an all-stock stock deal to combine the companies. Read the full report in The Wall Street Jou


The Justice Department is unlikely to approve a planned $26 billion merger between T-Mobile and Sprint, The Wall Street Journal reported Tuesday. Shares of Sprint plunged as much as 12% in after-hours trading following the report, while T-Mobile fell more than 4%. The Justice Department did not immediately respond to a request for comment. About a year ago, T-Mobile and Sprint announced they had reached an all-stock stock deal to combine the companies. Read the full report in The Wall Street Jou
Sprint stock falls 10% on report T-Mobile merger is unlikely to be approved as currently structured Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-16  Authors: christine wang, brendan mcdermid
Keywords: news, cnbc, companies, unlikely, street, currently, merger, justice, department, approved, sprint, stock, trading, journal, structured, deal, wall, report, falls, tmobile


Sprint stock falls 10% on report T-Mobile merger is unlikely to be approved as currently structured

The Justice Department is unlikely to approve a planned $26 billion merger between T-Mobile and Sprint, The Wall Street Journal reported Tuesday.

Staffers from the Justice Department have reportedly told both carriers that the deal may not be approved under its current structure, the Journal reported, citing people familiar with the matter.

Reuters later confirmed the report with one person familiar with the matter, who cautioned that a final decision has not been made.

Shares of Sprint plunged as much as 12% in after-hours trading following the report, while T-Mobile fell more than 4%.

A spokesman for Sprint declined to comment to CNBC. The Justice Department did not immediately respond to a request for comment.

About a year ago, T-Mobile and Sprint announced they had reached an all-stock stock deal to combine the companies. Shareholders of both companies approved the deal in October, which later received national security clearance.

But the deal’s greatest regulatory hurdle was that it would combine the third- and fourth-largest wireless providers in the U.S., a market with only two other participants: AT&T and Verizon.

Shares of Verizon slipped about 1% in postmarket trading Tuesday, while AT&T edged 0.6% lower.

Critics of the merger have argued it would lead to job loss, decreased competition and increased prices for consumers, especially in rural America.

In February, T-Mobile CEO John Legere defended the deal before Congress, asserting that the deal would create jobs and lower prices.

Read the full report in The Wall Street Journal.


Company: cnbc, Activity: cnbc, Date: 2019-04-16  Authors: christine wang, brendan mcdermid
Keywords: news, cnbc, companies, unlikely, street, currently, merger, justice, department, approved, sprint, stock, trading, journal, structured, deal, wall, report, falls, tmobile


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