Kamala Harris drops out of presidential race after plummeting from top tier of Democratic candidates

Sen. Kamala Harris suspended her presidential campaign Tuesday, after falling from the top tier of Democratic candidates and failing to resurrect a doomed fundraising operation. Earlier Tuesday, CNBC reported that Harris canceled a fundraising event in New York amid a flood of recent reports describing her campaign as chaotic. CNBC reported in October that donors were struggling to persuade their networks to write checks to her campaign. In some cases, many of her supporters have told the campai


Sen. Kamala Harris suspended her presidential campaign Tuesday, after falling from the top tier of Democratic candidates and failing to resurrect a doomed fundraising operation.
Earlier Tuesday, CNBC reported that Harris canceled a fundraising event in New York amid a flood of recent reports describing her campaign as chaotic.
CNBC reported in October that donors were struggling to persuade their networks to write checks to her campaign.
In some cases, many of her supporters have told the campai
Kamala Harris drops out of presidential race after plummeting from top tier of Democratic candidates Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-03  Authors: kevin breuninger brian schwartz, kevin breuninger, brian schwartz
Keywords: news, cnbc, companies, plummeting, fundraising, campaign, reported, york, tier, presidential, harris, democratic, totals, drops, write, events, candidates, race, kamala, told


Kamala Harris drops out of presidential race after plummeting from top tier of Democratic candidates

Sen. Kamala Harris suspended her presidential campaign Tuesday, after falling from the top tier of Democratic candidates and failing to resurrect a doomed fundraising operation.

“I’ve taken stock and looked at this from every angle, and over the last few days have come to one of the hardest decisions of my life,” Harris, D-Calif., said in a statement shortly after her departure was first reported.

“My campaign for president simply doesn’t have the financial resources we need to continue.”

Earlier Tuesday, CNBC reported that Harris canceled a fundraising event in New York amid a flood of recent reports describing her campaign as chaotic.

Some of her top bundlers expected her fourth quarter totals to be a “disaster” and noticed that the “events were not going well,” according to a member of her finance committee, who spoke to CNBC on Tuesday on the condition of anonymity.

CNBC reported in October that donors were struggling to persuade their networks to write checks to her campaign. In some cases, many of her supporters have told the campaign that they will not host events for her.

Harris informed her staff Tuesday that she is suspending her campaign, an aide told CNBC prior to her official announcement.


Company: cnbc, Activity: cnbc, Date: 2019-12-03  Authors: kevin breuninger brian schwartz, kevin breuninger, brian schwartz
Keywords: news, cnbc, companies, plummeting, fundraising, campaign, reported, york, tier, presidential, harris, democratic, totals, drops, write, events, candidates, race, kamala, told


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Dow drops 200 points after worse-than-expected manufacturing data

The Dow Jones Industrial Average fell 200 points, or 0.8%. Manufacturing activity in the U.S. continued to contract last month, the Institute for Supply Management said. Sentiment was also dented after President Donald Trump said China still wants to make a deal on trade, “but we’ll see what happens.” Trade worries also offset stronger-than-expected manufacturing data out of China. The Caixin/Markit manufacturing Purchasing Managers’ Index came in at 51.8 for November, topping a Reuters estimate


The Dow Jones Industrial Average fell 200 points, or 0.8%.
Manufacturing activity in the U.S. continued to contract last month, the Institute for Supply Management said.
Sentiment was also dented after President Donald Trump said China still wants to make a deal on trade, “but we’ll see what happens.”
Trade worries also offset stronger-than-expected manufacturing data out of China.
The Caixin/Markit manufacturing Purchasing Managers’ Index came in at 51.8 for November, topping a Reuters estimate
Dow drops 200 points after worse-than-expected manufacturing data Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: fred imbert
Keywords: news, cnbc, companies, dow, points, 200, month, came, wants, worsethanexpected, manufacturing, tariffs, optimism, trade, drops, data, trump, china


Dow drops 200 points after worse-than-expected manufacturing data

Monday’s losses came after a strong performance in November. The major averages had their biggest monthly gains since June, rallying to record highs. The S&P 500 climbed 3.4% last month while the Dow advanced 3.7%. The Nasdaq rallied 4.5%.

The Dow Jones Industrial Average fell 200 points, or 0.8%. The S&P 500 pulled back 0.8% while the Nasdaq Composite traded 1.4% lower. The major averages started off the session with slight gains before turning lower.

Stocks dropped on Monday, the first trading day of December, as investors digested disappointing economic data along with the latest trade news after capping a month that featured blistering gains.

A General Motors assembly worker moves a V6 engine, used in a variety of GM cars, trucks and crossovers, from the final assembly line at the GM Romulus Powertrain plant in Romulus, Michigan, August 21, 2019.

“The trend and momentum going into December are bullish,” said Bruce Bittles, chief investment strategist at Baird. “However, investor optimism is registering as excessive by many of the services we follow. While optimism is not euphoric, excessive investor optimism generally suggests a pause in a bull market.”

Manufacturing activity in the U.S. continued to contract last month, the Institute for Supply Management said. The ISM Manufacturing PMI dipped to 48.1 in November. That’s below an estimate of 49.4. Stocks hit their session lows after the data was released.

“All in all, this should take some wind out of the sails of the argument that the U.S. economy is accelerating going into the end of the year,” said Jon Hill, vice president of rates strategy at BMO Capital Markets.

Sentiment was also dented after President Donald Trump said China still wants to make a deal on trade, “but we’ll see what happens.” There is no clear indication of when both countries will be able to sign an agreement and last week saw fresh tension between Washington and Beijing after Trump signed legislation supporting protesters in Hong Kong.

That comment came after Chinese state media reported Sunday that Beijing wants a cancellation of tariffs for a phase one trade deal.

Trump also said Monday he will restore tariffs on metal imports from Brazil and Argentina. In a tweet, he said: “Brazil and Argentina have been presiding over a massive devaluation of their currencies. which is not good for our farmers. Therefore, effective immediately, I will restore the Tariffs on all Steel & Aluminum that is shipped into the U.S. from those countries.”

Trump noted in a separate tweet that “U.S. markets are up as much as 21%” since his first tariffs announcement on March 1, 2018, adding the U.S. is “taking in massive amounts of money.”

The percolating uncertainty around trade came despite Axios reporting, citing a source, that Trump is expected to hold off on additional tariffs against China set to kick in this month in the hopes of striking a deal before year-end.

Trade worries also offset stronger-than-expected manufacturing data out of China. The Caixin/Markit manufacturing Purchasing Managers’ Index came in at 51.8 for November, topping a Reuters estimate of 51.4.


Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: fred imbert
Keywords: news, cnbc, companies, dow, points, 200, month, came, wants, worsethanexpected, manufacturing, tariffs, optimism, trade, drops, data, trump, china


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Steve Bullock drops out of the Democratic presidential race

Steve Bullock is dropping out of the 2020 presidential race after coming up short of qualification requirements for Democratic debates and failing to collect significant support in the polls. Still, he was unable to muster much support among Democratic voters, barely cracking 1% in most national polls. “Governor Bullock will continue to faithfully and effectively serve the people of Montana as their Governor,” said Galia Slayen, Bullock Campaign communications director. Bullock ran as a centrist


Steve Bullock is dropping out of the 2020 presidential race after coming up short of qualification requirements for Democratic debates and failing to collect significant support in the polls.
Still, he was unable to muster much support among Democratic voters, barely cracking 1% in most national polls.
“Governor Bullock will continue to faithfully and effectively serve the people of Montana as their Governor,” said Galia Slayen, Bullock Campaign communications director.
Bullock ran as a centrist
Steve Bullock drops out of the Democratic presidential race Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: elizabeth myong, jeff daniels
Keywords: news, cnbc, companies, state, race, campaign, presidential, steve, support, montana, governor, round, drops, democratic, bullock, run


Steve Bullock drops out of the Democratic presidential race

Montana Gov. Steve Bullock is dropping out of the 2020 presidential race after coming up short of qualification requirements for Democratic debates and failing to collect significant support in the polls.

“While there were many obstacles we could not have anticipated when entering this race, it has become clear that in this moment, I won’t be able to break through to the top tier of this still-crowded field of candidates,” Bullock said in a statement Monday.

The twice-elected governor and former attorney general of Montana was a latecomer to the Democratic field, announcing his bid in early May after more than 20 candidates had joined the fray.

Bullock was locked out of the first round of debates but qualified for the second round where he made what was considered a strong debut.

Still, he was unable to muster much support among Democratic voters, barely cracking 1% in most national polls.

According to Federal Election Committee data, he raised about $2.3 million in the third quarter of 2019, near the bottom of the pack.

Bullock had largely ignored pleas from fellow Democrats to run for the Senate instead of entering the presidential race, and his campaign confirmed that he would not run on Monday.

“Governor Bullock will continue to faithfully and effectively serve the people of Montana as their Governor,” said Galia Slayen, Bullock Campaign communications director.

“While he plans to work hard to elect Democrats in the state and across the country in 2020, it will be in his capacity as a Governor and a senior voice in the Democratic Party — not as a candidate for U.S. Senate.”

Bullock ran as a centrist who managed to win Montana — a state that President Donald Trump won by 20 percentage points. He presented himself as a solution to the partisan gridlock that has crippled Congress, referring to his seven years working with a Republican legislature.

He focused his campaign on fighting against “dark money” — political spending by nonprofit organizations or so-called super PACs that are not required to disclose their donors.

He opposed progressive platforms like “Medicare for All” and abolishing the death penalty, which he said could be used in select cases. But he notably changed his position over the years to support a ban on semi-automatic weapons. His nephew was killed in a school shooting in the 1990s.

Bullock’s announcement came a day after Joe Sestak, a retired vice admiral and former congressman from Pennsylvania, dropped out of the Democratic race.


Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: elizabeth myong, jeff daniels
Keywords: news, cnbc, companies, state, race, campaign, presidential, steve, support, montana, governor, round, drops, democratic, bullock, run


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Target CEO says the cost of handling online orders drops 90% when shoppers use its same-day options

Target’s business is booming thanks to the investments the retailer has been making to make it as easy as possible for shoppers to buy things online and get them that same day. When it reported quarterly earnings on Wednesday morning, it said digital sales surged 31%, with its same-day services accounting for 80% of that growth. He said when Target fulfills an online order from the back of its stores versus shipping from a distribution center, “about 40% of the cost goes away.” He said when cust


Target’s business is booming thanks to the investments the retailer has been making to make it as easy as possible for shoppers to buy things online and get them that same day.
When it reported quarterly earnings on Wednesday morning, it said digital sales surged 31%, with its same-day services accounting for 80% of that growth.
He said when Target fulfills an online order from the back of its stores versus shipping from a distribution center, “about 40% of the cost goes away.”
He said when cust
Target CEO says the cost of handling online orders drops 90% when shoppers use its same-day options Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-20  Authors: lauren thomas
Keywords: news, cnbc, companies, sameday, target, online, ceo, shoppers, handling, store, orders, stores, pickup, shipping, pick, cost, options, shipt, services, surged, drops


Target CEO says the cost of handling online orders drops 90% when shoppers use its same-day options

Target’s business is booming thanks to the investments the retailer has been making to make it as easy as possible for shoppers to buy things online and get them that same day.

When it reported quarterly earnings on Wednesday morning, it said digital sales surged 31%, with its same-day services accounting for 80% of that growth. Those services include a curbside pickup option, same-day delivery via its Shipt network and buy online pick up in store.

“When it’s delivered by our stores … those look a lot more like store economics,” CEO Brian Cornell said during an interview with CNBC’s Becky Quick.

He said when Target fulfills an online order from the back of its stores versus shipping from a distribution center, “about 40% of the cost goes away.” He said when customers order online and pick up at a store, use curbside pickup or select shipping via Shipt, “about 90% of the cost goes away.”

“We certainly like that,” he said.

Target’s net income rose 15.5% to $706 million during the latest period ended Nov. 2, up from $616 million a year ago.

Target shares surged more than 9% in premarket trading following its report, putting the stock on pace to open at a record high.


Company: cnbc, Activity: cnbc, Date: 2019-11-20  Authors: lauren thomas
Keywords: news, cnbc, companies, sameday, target, online, ceo, shoppers, handling, store, orders, stores, pickup, shipping, pick, cost, options, shipt, services, surged, drops


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Wayne Messam, mayor of Miramar, Florida, drops out of the 2020 Democratic presidential race

Democratic presidential candidate, mayor of Miramar, Florida Wayne Messam speaks to the crowd during the 2019 South Carolina Democratic Party State Convention on June 22, 2019 in Columbia, South Carolina. Wayne Messam, the mayor of Miramar, Florida, dropped out of the 2020 Democratic presidential primary after failing to break through in a crowded field. Messam joined the race touting his family’s American dream story and his record as Miramar’s first black mayor. Messam owns a successful constr


Democratic presidential candidate, mayor of Miramar, Florida Wayne Messam speaks to the crowd during the 2019 South Carolina Democratic Party State Convention on June 22, 2019 in Columbia, South Carolina.
Wayne Messam, the mayor of Miramar, Florida, dropped out of the 2020 Democratic presidential primary after failing to break through in a crowded field.
Messam joined the race touting his family’s American dream story and his record as Miramar’s first black mayor.
Messam owns a successful constr
Wayne Messam, mayor of Miramar, Florida, drops out of the 2020 Democratic presidential race Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-20  Authors: marc rod
Keywords: news, cnbc, companies, florida, raised, democratic, wayne, drops, presidential, candidates, race, south, 2020, candidate, miramar, messam, state, campaign, mayor


Wayne Messam, mayor of Miramar, Florida, drops out of the 2020 Democratic presidential race

Democratic presidential candidate, mayor of Miramar, Florida Wayne Messam speaks to the crowd during the 2019 South Carolina Democratic Party State Convention on June 22, 2019 in Columbia, South Carolina.

Wayne Messam, the mayor of Miramar, Florida, dropped out of the 2020 Democratic presidential primary after failing to break through in a crowded field.

The little-known candidate tweeted his decision to suspend his campaign on Wednesday.

Messam did not qualify for any of the Democratic debates and was not counted in many major polls.

His campaign raised just over $50,000 in the second quarter of 2019, according to FEC filings, a mere fraction of even the lowest-earning candidates in the race. And he raised a paltry $5 in the third quarter.

By contrast, another small-town mayor and presidential candidate, Pete Buttigieg of South Bend, Indiana, raised nearly $25 million in the second quarter, topping the list. Buttigieg raised $19 million in the third quarter.

Messam joined the race touting his family’s American dream story and his record as Miramar’s first black mayor. He focused on issues including health care, climate change, student debt and dysfunction in Washington.

Messam owns a successful construction business with his wife and is a former Florida State University football star.

“Despite not getting the same early media exposure as other candidates … and transferring millions of dollars from existing federal campaign accounts as many of the candidates did, my campaign shocked many by being recognized as a credible candidate, registering in polls in early states, nearly making the first debate and polling just behind the top four candidates in my battle ground state of Florida in a recent Florida Atlantic University Poll,” Messam said in a statement. “In the end, it was not enough to continue this current race as a candidate.”

He added that he will continue to be engaged during the 2020 cycle “to ensure that we defeat Donald Trump. My state of Florida will be ground zero and I intend to be a factor to mobilize our state for the Democratic Party Nominee.”


Company: cnbc, Activity: cnbc, Date: 2019-11-20  Authors: marc rod
Keywords: news, cnbc, companies, florida, raised, democratic, wayne, drops, presidential, candidates, race, south, 2020, candidate, miramar, messam, state, campaign, mayor


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Sweden drops Assange rape investigation after nearly 10 years

WikiLeaks founder Julian Assange is seen in a police van after was arrested by British police outside the Ecuadorian embassy in London, Britain April 11, 2019. A Swedish prosecutor said on Tuesday she would not proceed with an investigation into an allegation of rape against WikiLeaks founder Julian Assange after a review of the evidence. Deputy Chief Prosecutor Eva-Marie Persson said that the complainant’s evidence was deemed credible and reliable, but that after nearly a decade, witnesses’ mem


WikiLeaks founder Julian Assange is seen in a police van after was arrested by British police outside the Ecuadorian embassy in London, Britain April 11, 2019.
A Swedish prosecutor said on Tuesday she would not proceed with an investigation into an allegation of rape against WikiLeaks founder Julian Assange after a review of the evidence.
Deputy Chief Prosecutor Eva-Marie Persson said that the complainant’s evidence was deemed credible and reliable, but that after nearly a decade, witnesses’ mem
Sweden drops Assange rape investigation after nearly 10 years Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-19
Keywords: news, cnbc, companies, assessment, investigation, nearly, founder, persson, allegation, julian, sweden, assange, prosecutor, rape, evidence, wikileaks, drops


Sweden drops Assange rape investigation after nearly 10 years

WikiLeaks founder Julian Assange is seen in a police van after was arrested by British police outside the Ecuadorian embassy in London, Britain April 11, 2019.

A Swedish prosecutor said on Tuesday she would not proceed with an investigation into an allegation of rape against WikiLeaks founder Julian Assange after a review of the evidence.

Deputy Chief Prosecutor Eva-Marie Persson said that the complainant’s evidence was deemed credible and reliable, but that after nearly a decade, witnesses’ memories had faded.

“After conducting a comprehensive assessment of what has emerged during the course of the preliminary investigation I then make the assessment that the evidence is not strong enough to form the basis for filing an indictment,” Persson told a news conference.

The 48 year-old Australian citizen has repeatedly denied the allegation against him, made in 2010.


Company: cnbc, Activity: cnbc, Date: 2019-11-19
Keywords: news, cnbc, companies, assessment, investigation, nearly, founder, persson, allegation, julian, sweden, assange, prosecutor, rape, evidence, wikileaks, drops


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Satellite stock Intelsat drops 40% after FCC 5G decision

“I’m confident they’ll quickly conduct a public auction that will give everyone a fair chance to compete.” Four satellite operators, including Intelsat, provide C-band services in the U.S. to about 120 million households. The FCC wants to repurpose the C-band spectrum for 5G and an auction is expected to raise tens of billions of dollars. “The private auction would generate billions in proceeds for Intelsat and the other C-band operators,” Quilty said. “The potential C-band proceeds gave Intelsa


“I’m confident they’ll quickly conduct a public auction that will give everyone a fair chance to compete.”
Four satellite operators, including Intelsat, provide C-band services in the U.S. to about 120 million households.
The FCC wants to repurpose the C-band spectrum for 5G and an auction is expected to raise tens of billions of dollars.
“The private auction would generate billions in proceeds for Intelsat and the other C-band operators,” Quilty said.
“The potential C-band proceeds gave Intelsa
Satellite stock Intelsat drops 40% after FCC 5G decision Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-18  Authors: michael sheetz
Keywords: news, cnbc, companies, spectrum, quilty, satellite, intelsat, decision, fcc, operators, auction, proceeds, drops, cband, stock, public


Satellite stock Intelsat drops 40% after FCC 5G decision

Shares of Intelsat dropped 40% in heavy trading volume after FCC Chairman Ajit Pai said in a tweet that his agency “must free up significant spectrum” for 5G telecommunications. The FCC told CNBC that it expects an auction to happen “before the end of 2020.”

The Federal Communications Commission announced on Monday that it will publicly auction off a valuable telecommunications asset, in a move investors viewed as a blow to U.S. satellite communications provider Intelsat .

“I’ve concluded that the best way to advance these principles is through a public auction of 280 megahertz of the C-band,” Pai said. “I’m confident they’ll quickly conduct a public auction that will give everyone a fair chance to compete.”

C-band spectrum is a key telecommunications wavelength the FCC regulates. Four satellite operators, including Intelsat, provide C-band services in the U.S. to about 120 million households. The FCC wants to repurpose the C-band spectrum for 5G and an auction is expected to raise tens of billions of dollars. But a public auction would see the proceeds go to the government, an option the satellite operators – organized as the C-Band Alliance – have opposed.

“The fundamental issue here is that there’s the ideal and there’s the practical. Everyone recognizes the best use of this spectrum is for 5G services – but what is the most economical and timely way to do that?” Chris Quilty, president of satellite financial services firm Quilty Analytics, told CNBC. Quilty formerly led Raymond James’ coverage of sattellite communications and the broader space industry for 20 years.

The C-Band Alliance has been pushing for a private auction. The group on Friday gave a proposal to the FCC where the satellite operators would keep some of the proceeds while paying taxes on the sale, as well as contributing at least $8 billion to the U.S. Treasury and possible helping fund a rural 5G network.

“The private auction would generate billions in proceeds for Intelsat and the other C-band operators,” Quilty said. “The potential C-band proceeds gave Intelsat a path for deleveraging, which has otherwise escaped the company for the past 10 years.”

Intelsat had a market value of about $1.8 billion before trading began on Monday. Even before the latest drop, Intelsat’s stock had declined more than 10% on three consecutive trading days as the tide shifted against the C-Band Alliance. The FCC’s announcement of a public auction means the satellite companies may not recoup the value of their C-Band investments, such as the expensive satellites.

“What we’ll likely see happen, which is the worst case scenario, is that the satellite operators have every incentive to drag their heels and take this to the courts, because they’re no longer being compensated for this spectrum,” Quilty said. “People are assuming they’re still going to get something but they’re not going to get the $8 billion to $10 billion windfall they were expecting.”


Company: cnbc, Activity: cnbc, Date: 2019-11-18  Authors: michael sheetz
Keywords: news, cnbc, companies, spectrum, quilty, satellite, intelsat, decision, fcc, operators, auction, proceeds, drops, cband, stock, public


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Spotify’s stock drops almost 5% after Amazon expands free music service

Spotify shares dropped 4.9% on Monday after Amazon announced that its free music service will now be available on more devices. Amazon Music listeners can now access the ad-supported service on the iPhone, Android devices and on Fire TV. Amazon’s free music tier consists of playlists and radio stations and is more similar to Pandora than to the paid version of Amazon Music, which competes with Spotify and Apple Music. Amazon also recently introduced Amazon Music HD, which costs $12.99 a month fo


Spotify shares dropped 4.9% on Monday after Amazon announced that its free music service will now be available on more devices.
Amazon Music listeners can now access the ad-supported service on the iPhone, Android devices and on Fire TV.
Amazon’s free music tier consists of playlists and radio stations and is more similar to Pandora than to the paid version of Amazon Music, which competes with Spotify and Apple Music.
Amazon also recently introduced Amazon Music HD, which costs $12.99 a month fo
Spotify’s stock drops almost 5% after Amazon expands free music service Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-18  Authors: todd haselton
Keywords: news, cnbc, companies, subscribers, pay, amazon, prime, month, million, spotifys, spotify, premium, free, music, expands, drops, service, stock


Spotify's stock drops almost 5% after Amazon expands free music service

Spotify shares dropped 4.9% on Monday after Amazon announced that its free music service will now be available on more devices.

Amazon Music listeners can now access the ad-supported service on the iPhone, Android devices and on Fire TV. Previously, it was only available through the Amazon Echo. Amazon’s free music tier consists of playlists and radio stations and is more similar to Pandora than to the paid version of Amazon Music, which competes with Spotify and Apple Music.

Spotify dropped $7.25 to $140.26 at the close. Last month, the company announced that it had turned a surprise profit in the third quarter. In that report, Spotify said the number of premium subscribers rose 26 million in the past year to 113 million people at the end of September.

Spotify has 248 million monthly active users, including people who don’t pay for premium subscriptions. The company predicted that number would grow to between 255 million and 270 million in the fourth quarter.

Amazon Prime customers get access to more than 2 million songs ad-free as part of their membership but can upgrade to Amazon Music Unlimited for $7.99 per month (or $9.99 for customers who don’t pay for Prime). Amazon also recently introduced Amazon Music HD, which costs $12.99 a month for Prime subscribers and $14.99 for others. It provides higher-quality music, including new 3D audio that works with the Echo Studio.

WATCH: Spotify outperforms Q3 earnings with more premium subscribers


Company: cnbc, Activity: cnbc, Date: 2019-11-18  Authors: todd haselton
Keywords: news, cnbc, companies, subscribers, pay, amazon, prime, month, million, spotifys, spotify, premium, free, music, expands, drops, service, stock


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Adecco third-quarter revenue drops as slowdown weighs

Adecco Group said “challenging market conditions in Europe and the U.S.” were weighing on the temporary staffing company’s results as it reported a 2% drop in third-quarter revenue. Revenue fell to 5.89 billion euros ($6.55 billion), the company said on Tuesday, just missing expectations for 5.92 billion, according to Refinitiv data. When adjusted for trading days and currency movements, the Swiss company’s revenue fell 4%. Tough conditions continued at the start of the fourth quarter, Adecco sa


Adecco Group said “challenging market conditions in Europe and the U.S.” were weighing on the temporary staffing company’s results as it reported a 2% drop in third-quarter revenue.
Revenue fell to 5.89 billion euros ($6.55 billion), the company said on Tuesday, just missing expectations for 5.92 billion, according to Refinitiv data.
When adjusted for trading days and currency movements, the Swiss company’s revenue fell 4%.
Tough conditions continued at the start of the fourth quarter, Adecco sa
Adecco third-quarter revenue drops as slowdown weighs Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-05
Keywords: news, cnbc, companies, companys, weighing, thirdquarter, conditions, fell, slowdown, drops, adjusted, trading, billion, days, weighs, adecco, revenue


Adecco third-quarter revenue drops as slowdown weighs

Adecco Group said “challenging market conditions in Europe and the U.S.” were weighing on the temporary staffing company’s results as it reported a 2% drop in third-quarter revenue.

Revenue fell to 5.89 billion euros ($6.55 billion), the company said on Tuesday, just missing expectations for 5.92 billion, according to Refinitiv data. When adjusted for trading days and currency movements, the Swiss company’s revenue fell 4%.

Tough conditions continued at the start of the fourth quarter, Adecco said, with revenues down 4% when adjusted for trading days and currencies in September and October.


Company: cnbc, Activity: cnbc, Date: 2019-11-05
Keywords: news, cnbc, companies, companys, weighing, thirdquarter, conditions, fell, slowdown, drops, adjusted, trading, billion, days, weighs, adecco, revenue


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

3 mega-mansions with some of the largest price drops in luxury real estate

Each estate eventually sold at a discount of more than 60% from the initial asking price. Here are three of the largest price drops in residential real estate in America over the last 12 months. There is a point of no return and diminishing returns in super luxury real estate.” That’s a reduction of about 61% and a total price drop of more than $48 million from the original asking price. Back in 2017, that nosebleed asking price made it the most expensive listing in America.


Each estate eventually sold at a discount of more than 60% from the initial asking price.
Here are three of the largest price drops in residential real estate in America over the last 12 months.
There is a point of no return and diminishing returns in super luxury real estate.”
That’s a reduction of about 61% and a total price drop of more than $48 million from the original asking price.
Back in 2017, that nosebleed asking price made it the most expensive listing in America.
3 mega-mansions with some of the largest price drops in luxury real estate Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-01  Authors: ray parisi christopher dilella, ray parisi, christopher dilella
Keywords: news, cnbc, companies, sold, drops, luxury, largest, plaza, megamansions, price, million, estate, reduction, asking, real, market


3 mega-mansions with some of the largest price drops in luxury real estate

These mega-mansions started out with enormous price-tags, but when they didn’t sell, they got massive price cuts. Each estate eventually sold at a discount of more than 60% from the initial asking price. Here are three of the largest price drops in residential real estate in America over the last 12 months.

Florida beachfront mansion

Original Asking Price: $159 million (2015)

Sold For: $42.5 million (2018)

Price Reduction: 73%

Playa Vista Isle, Hillsboro Beach, Florida Source: Concierge Auctions

This oceanfront mansion in Hillsboro Beach, Florida (about an hour north of Miami), was on the market for $159 million in 2015. At the time, it made headlines as the most expensive listing in America. But for three years the 60,000-square-foot compound had no takers. The owner eventually decided to put the estate on the auction block, and in November of 2018, it sold for a fraction of the original asking price at $42.5 million. That’s a $116.5 million or 73% price cut.

Concierge Auctions

What went wrong? South Florida based luxury real estate broker Senada Adzem — who was not involved in the transaction — believes that “when it hit the market, the price was mandated by the sellers based on what they had invested in the property, not based on the current market value.” Adzem adds, “The money spent on custom homes is not in direct proportion with the final sales price. There is a point of no return and diminishing returns in super luxury real estate.”

Tommy Hilfiger’s NYC Plaza hotel home

Original Asking Price: $80 million (2013)

Sold For: $31.25 million (2019)

Price Reduction: 61%

The Plaza Hotel in New York City. Larry McManus | Getty Images

When fashion mogul Tommy Hilfiger listed his Manhattan penthouse at The Plaza hotel in 2013, he was asking $80 million for it. The 6,000-square-foot duplex sat on the market for six years. And over that time, it was incrementally reduced. In 2017, the asking price was lowered to $50 million. The duplex finally sold in September for $31.25 million. That’s a reduction of about 61% and a total price drop of more than $48 million from the original asking price.

Tommy Hilfiger and his wife, Dee Ocleppo, just sold their NYC penthouse for under $34 million. Source: Tommy and Dee Hilfiger

Hilfiger had such a hard time selling the penthouse for three reasons, according to NYC-based luxury real estate broker Noble Black, who was not involved in the sale: “pricing, layout, and competition.” “Although it was a penthouse at The Plaza, the layout and views … were not what most buyers [at that level] would want or expect,” says the Douglas Elliman broker.

Master bedroom Source: Sotheby’s International Realty | Travis Mark

LA behemoth

Original Asking Price: $250 million (2017)

Sold For: $94 million (2019)

Price Reduction: 62%

Photo: Bruce Makowsky / BAM Luxury Development

This Los Angeles mansion originally hit the market for $250 million. Back in 2017, that nosebleed asking price made it the most expensive listing in America. But the 38,000-square-foot home sat on the market for over two years.

The interior dining area has a good view of a giant $1 million art installation of a Leica camera. Photo: Bruce Makowsky / BAM Luxury Development


Company: cnbc, Activity: cnbc, Date: 2019-11-01  Authors: ray parisi christopher dilella, ray parisi, christopher dilella
Keywords: news, cnbc, companies, sold, drops, luxury, largest, plaza, megamansions, price, million, estate, reduction, asking, real, market


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post