One year after Malaysia’s shock election, here’s how Mahathir’s government is doing

The historic election win surprised even the victors themselves. That surprise election outcome rocked financial markets, with investors selling down Malaysian stocks, bonds and currency in the immediate aftermath. But within the country, many were optimistic about the future under the rule of the opposition alliance Pakatan Harapan — the Malay language term for “alliance of hope.” “When Pakatan won the election, there were a lot of elevated expectations,” said Harrison Cheng, associate director


The historic election win surprised even the victors themselves. That surprise election outcome rocked financial markets, with investors selling down Malaysian stocks, bonds and currency in the immediate aftermath. But within the country, many were optimistic about the future under the rule of the opposition alliance Pakatan Harapan — the Malay language term for “alliance of hope.” “When Pakatan won the election, there were a lot of elevated expectations,” said Harrison Cheng, associate director
One year after Malaysia’s shock election, here’s how Mahathir’s government is doing Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-09  Authors: yen nee lee, lai seng sin, ulet ifansasti l getty images, -azmil tayeb, lecturer at universiti sains malaysia
Keywords: news, cnbc, companies, mahathirs, shock, pakatan, doing, missing, election, country, financial, world, alliance, won, malaysias, opposition, billions, heres


One year after Malaysia's shock election, here's how Mahathir's government is doing

One year ago, Malaysians stunned the world when they toppled the political coalition that had governed the country for more than 60 years, and voted the opposition into power. The historic election win surprised even the victors themselves.

That surprise election outcome rocked financial markets, with investors selling down Malaysian stocks, bonds and currency in the immediate aftermath. But within the country, many were optimistic about the future under the rule of the opposition alliance Pakatan Harapan — the Malay language term for “alliance of hope.”

“When Pakatan won the election, there were a lot of elevated expectations,” said Harrison Cheng, associate director and lead analyst for Malaysia at risk consultancy Control Risks.

The Southeast Asian country had made international headlines for a financial scandal involving former Prime Minister Najib Razak, Hollywood, Wall Street banking giant Goldman Sachs and billions of dollars missing from state fund 1MDB. Questions around the missing billions contributed to Najib’s defeat in the vote, with the former leader still facing charges now over money-laundering and corruption.


Company: cnbc, Activity: cnbc, Date: 2019-05-09  Authors: yen nee lee, lai seng sin, ulet ifansasti l getty images, -azmil tayeb, lecturer at universiti sains malaysia
Keywords: news, cnbc, companies, mahathirs, shock, pakatan, doing, missing, election, country, financial, world, alliance, won, malaysias, opposition, billions, heres


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Markets are at new highs, but the euphoria is missing

The markets are at new highs, but it doesn’t feel that way. This is all good news, but if you think Wall Street is celebrating, try calling around on a trading desk: You won’t hear any champagne corks popping. Consider:The S&P may be sitting at an historic high, but there are only 13 stocks in the index at new highs. The lack of euphoria or its opposite — the lack of worry — is one reason many traders are enthusiastic about the near-term. It means many are still sitting on the sidelines and they


The markets are at new highs, but it doesn’t feel that way. This is all good news, but if you think Wall Street is celebrating, try calling around on a trading desk: You won’t hear any champagne corks popping. Consider:The S&P may be sitting at an historic high, but there are only 13 stocks in the index at new highs. The lack of euphoria or its opposite — the lack of worry — is one reason many traders are enthusiastic about the near-term. It means many are still sitting on the sidelines and they
Markets are at new highs, but the euphoria is missing Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: bob pisani, drew angerer, getty images
Keywords: news, cnbc, companies, better, sitting, serious, volatility, euphoria, wall, markets, high, missing, highs, traders, earnings, volume, street


Markets are at new highs, but the euphoria is missing

The markets are at new highs, but it doesn’t feel that way.

Large earnings beats from companies as diverse at Lockheed Martin, United Technologies, PulteGroup and Whirlpool are propelling the S&P 500 to a new high. In addition to earnings well above expectations, we see China bottoming, Europe showing at least some signs of stability and an accommodating Fed.

Doesn’t get much better than that! So what’s next?

We have earnings reports from banks (fair) and industrials (better than expected) and a smattering of consumer names like Kimberly Clark and Procter & Gamble (also better than expected). To keep the momentum going, we need to hear from technology, energy and especially health care, which has suddenly become the problem child for the markets.

Good news after the close: Texas Instruments, one of the world’s largest semiconductor companies, reported earnings above expectations and provided second-quarter guidance that was roughly in-line with expectations.

This is all good news, but if you think Wall Street is celebrating, try calling around on a trading desk: You won’t hear any champagne corks popping.

“It’s not just today, it’s been dead for weeks,” one sell-side trader told me. “It’s the opposite of euphoria.”

This is an age-old Wall Street complaint: Stock traders do not view a new high as truly valid unless there is some serious action — some serious volume, some serious volatility, some kind of, well, serious hoopla.

And that is what is missing from the rally.

Consider:

The S&P may be sitting at an historic high, but there are only 13 stocks in the index at new highs. The market is being pushed up by a small group of super-performers. So, traders believe the rally needs to broaden out. No one is scrambling to buy stocks. Volume has been abysmal since the end of March. No one is panicking either: The CBOE Volatility Index is sitting near the lowest levels of the year. No one seems particularly worried that the market may drop suddenly.

The lack of euphoria or its opposite — the lack of worry — is one reason many traders are enthusiastic about the near-term. It means many are still sitting on the sidelines and they may now be dragged into the markets after seeing the new high headlines.


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: bob pisani, drew angerer, getty images
Keywords: news, cnbc, companies, better, sitting, serious, volatility, euphoria, wall, markets, high, missing, highs, traders, earnings, volume, street


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Everybody’s missing how Apple’s ‘subtle’ approach could drive its stock higher, says tech investor Gene Munster

Apple’s big event may have failed to impress investors on Monday — but those investors are actually missing the point of the tech giant’s new services, tech investor Gene Munster told CNBC on Monday. Shares of Apple closed down 1.2 percent after the highly anticipated event, which introduced its streaming video service Apple TV+, a paid news service Apple News+ , a credit card and a gaming service called Arcade. But Munster says investors who focus on the missing details are missing the bigger p


Apple’s big event may have failed to impress investors on Monday — but those investors are actually missing the point of the tech giant’s new services, tech investor Gene Munster told CNBC on Monday. Shares of Apple closed down 1.2 percent after the highly anticipated event, which introduced its streaming video service Apple TV+, a paid news service Apple News+ , a credit card and a gaming service called Arcade. But Munster says investors who focus on the missing details are missing the bigger p
Everybody’s missing how Apple’s ‘subtle’ approach could drive its stock higher, says tech investor Gene Munster Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-25  Authors: michelle fox
Keywords: news, cnbc, companies, stock, tech, missing, tv, gaming, subtle, investors, credit, gene, apple, service, drive, card, investor, higher, everybodys, munster, going


Everybody's missing how Apple's 'subtle' approach could drive its stock higher, says tech investor Gene Munster

Apple’s big event may have failed to impress investors on Monday — but those investors are actually missing the point of the tech giant’s new services, tech investor Gene Munster told CNBC on Monday.

Shares of Apple closed down 1.2 percent after the highly anticipated event, which introduced its streaming video service Apple TV+, a paid news service Apple News+ , a credit card and a gaming service called Arcade. Apple did not announce many details about the services, including pricing for TV+ and Arcade. But Munster says investors who focus on the missing details are missing the bigger picture.

“What Apple is saying is they are going to take things that we interact with every day — whether it’s the streaming service, gaming or our credit card – and we’re going to try to change in terms how people use that. The language that they use is ‘enriching people’s lives,'” said Munster, founder of the venture capitalist firm Loup Ventures.

That means creating content that isn’t typical, gaming that’s healthier, and a credit card that adds transparency, he added.

“That gets lost in the conversation today — these subtle little approaches that Apple does to make our lives just a little bit better. And I think that ultimately is going to yield a higher share price,” Munster said on “Fast Money. “


Company: cnbc, Activity: cnbc, Date: 2019-03-25  Authors: michelle fox
Keywords: news, cnbc, companies, stock, tech, missing, tv, gaming, subtle, investors, credit, gene, apple, service, drive, card, investor, higher, everybodys, munster, going


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China’s exports fall more than 20% in February; overall trade data come in much weaker

China on Friday reported worse than expected trade data for the month of February, customs data showed amid Beijing’s trade dispute with the U.S. Dollar-denominated imports fell 5.2 percent in February from a year ago, missing economists’ forecast of a 1.4 percent fall. China’s February trade balance was also significantly weaker than expected at $4.12 billion. Economists polled by Reuters had expected the overall trade balance to come in at $26.38 billion. China’s politically sensitive trade su


China on Friday reported worse than expected trade data for the month of February, customs data showed amid Beijing’s trade dispute with the U.S. Dollar-denominated imports fell 5.2 percent in February from a year ago, missing economists’ forecast of a 1.4 percent fall. China’s February trade balance was also significantly weaker than expected at $4.12 billion. Economists polled by Reuters had expected the overall trade balance to come in at $26.38 billion. China’s politically sensitive trade su
China’s exports fall more than 20% in February; overall trade data come in much weaker Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-08  Authors: huileng tan, nelson ching, bloomberg, getty images
Keywords: news, cnbc, companies, month, missing, weaker, balance, come, chinas, expected, data, trade, 20, fall, billion, overall, imports, exports, economists


China's exports fall more than 20% in February; overall trade data come in much weaker

China on Friday reported worse than expected trade data for the month of February, customs data showed amid Beijing’s trade dispute with the U.S.

Dollar-denominated exports plunged 20.7 percent for the month of February from a year ago, missing economists’ expectations of a 4.8 percent decline, according to a Reuters poll. January exports had risen 9.1 percent from a year ago.

Dollar-denominated imports fell 5.2 percent in February from a year ago, missing economists’ forecast of a 1.4 percent fall. January imports had fallen 1.5 percent on-year.

China’s February trade balance was also significantly weaker than expected at $4.12 billion. Economists polled by Reuters had expected the overall trade balance to come in at $26.38 billion. The country’s trade balance in January had been $39.16 billion.

China’s politically sensitive trade surplus with the U.S. narrowed sharply to $14.72 billion in February from $27.3 billion in January.


Company: cnbc, Activity: cnbc, Date: 2019-03-08  Authors: huileng tan, nelson ching, bloomberg, getty images
Keywords: news, cnbc, companies, month, missing, weaker, balance, come, chinas, expected, data, trade, 20, fall, billion, overall, imports, exports, economists


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Stocks in Asia tumble; China leads losses after trade data disappoints

Stocks in major Asian stock markets closed lower on Friday as investors grappled with fresh concerns over the state of the global economy, with Chinese trade data for February coming in below expectations. Chinese customs data on Friday showed that dollar-denominated exports for China fell 20.7 percent for the month of February from a year ago, missing a 4.8 percent decline that economists polled by Reuters had expected. Dollar-denominated imports fell 5.2 percent in February from a year ago, mi


Stocks in major Asian stock markets closed lower on Friday as investors grappled with fresh concerns over the state of the global economy, with Chinese trade data for February coming in below expectations. Chinese customs data on Friday showed that dollar-denominated exports for China fell 20.7 percent for the month of February from a year ago, missing a 4.8 percent decline that economists polled by Reuters had expected. Dollar-denominated imports fell 5.2 percent in February from a year ago, mi
Stocks in Asia tumble; China leads losses after trade data disappoints Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-08  Authors: eustance huang
Keywords: news, cnbc, companies, slowdown, leads, missing, global, think, china, tumble, trade, data, shenzhen, market, asia, stocks, disappoints, fell, investors, losses


Stocks in Asia tumble; China leads losses after trade data disappoints

Stocks in major Asian stock markets closed lower on Friday as investors grappled with fresh concerns over the state of the global economy, with Chinese trade data for February coming in below expectations.

Mainland Chinese shares cratered on the day, with the Shanghai composite falling 4.4 percent to close at 2,969.86 and the Shenzhen component slipping 3.248 percent to finish at 9,363.72. The Shenzhen composite shed 3.791 percent to close at 1,605.28.

Hong Kong’s Hang Seng index declined more than 1.8 percent in its final hour of trading.

Chinese customs data on Friday showed that dollar-denominated exports for China fell 20.7 percent for the month of February from a year ago, missing a 4.8 percent decline that economists polled by Reuters had expected.

Dollar-denominated imports fell 5.2 percent in February from a year ago, missing economists’ forecast of a 1.4 percent fall.

Analysts, however, say data from China in the first two months of the year must be treated with caution due to business distortions caused by the timing of the week-long Lunar New Year public holiday which started on Feb. 4 this year.

“A 20-percent decline is a big number. I think the market is clearly disappointed by this,” Sarah Lien, a director and client portfolio manager at Eastspring Investments (Singapore), told CNBC’s “Capital Connection” on Friday. “But to put things into perspective, I think we’ve been talking about a global growth slowdown and a China slowdown for a long time now, so it’s not completely unexpected to see a negative number.”

Lien added that Eastspring remained “very bullish” on China, and the country’s long-term outlook looked constructive. In particular, she pointed to China’s “hugely growing” domestic market, where there was “plenty of opportunity” for investors.


Company: cnbc, Activity: cnbc, Date: 2019-03-08  Authors: eustance huang
Keywords: news, cnbc, companies, slowdown, leads, missing, global, think, china, tumble, trade, data, shenzhen, market, asia, stocks, disappoints, fell, investors, losses


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23 dead, dozens missing in tornado-hit Alabama community

Rescue crews searched for victims Monday amid the splintered lumber and twisted metal where homes once stood, after the deadliest U.S. tornado in nearly six years ripped through a rural Alabama community. Harris said the dead included almost entire families and at least three children, ages 6, 9 and 10. President Donald Trump tweeted that he told the Federal Emergency Management Agency to give Alabama “the A Plus treatment.” Beauregard, named for a Confederate general, is in a rural corner of th


Rescue crews searched for victims Monday amid the splintered lumber and twisted metal where homes once stood, after the deadliest U.S. tornado in nearly six years ripped through a rural Alabama community. Harris said the dead included almost entire families and at least three children, ages 6, 9 and 10. President Donald Trump tweeted that he told the Federal Emergency Management Agency to give Alabama “the A Plus treatment.” Beauregard, named for a Confederate general, is in a rural corner of th
23 dead, dozens missing in tornado-hit Alabama community Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-04  Authors: julie dermansky, corbis historical, getty images
Keywords: news, cnbc, companies, alabama, weather, sheriff, dozens, tornado, dead, twister, took, path, missing, community, tornadohit, beauregard, georgia, nearly, metal, 23


23 dead, dozens missing in tornado-hit Alabama community

Rescue crews searched for victims Monday amid the splintered lumber and twisted metal where homes once stood, after the deadliest U.S. tornado in nearly six years ripped through a rural Alabama community. At least 23 people were killed, some of them children.

Dozens remained missing in Lee County nearly a day later, according to the sheriff, who said that crews had combed the hardest-hit areas but that the search was far from over.

“I’m not going to be surprised if we don’t come up with some more deceased. Hopefully we won’t,” Coroner Bill Harris said.

Harris said the dead included almost entire families and at least three children, ages 6, 9 and 10.

The National Weather Service said one and possibly two tornadoes struck the area Sunday afternoon, with a powerful EF-4 twister with winds estimated at 170 mph (274 kph) blamed for most of the destruction.

The bigger tornado carved a path nearly 1 mile (1.6 kilometers) wide and 24 miles (39 kilometers) long, stretching toward Georgia, said Chris Darden, the agency’s chief meteorologist in Birmingham.

The killer winds left shredded metal dangling from the trees and obliterated homes, leaving little more than concrete slabs.

Darden said the “monster tornado” was the single deadliest twister in the U.S. since May 2013, when an EF-5 killed 24 people in Moore, Oklahoma.

“It looks like someone almost just took a giant knife and scraped the ground,” Sheriff Jay Jones said.

With daybreak, volunteers used chain saws to clear paths for emergency workers, while at the R&D Grocery, people asked each other if they were OK.

“I’m still thanking God I’m among the living,” said John Jones, who has lived most of his life in Beauregard, an unincorporated community of roughly 10,000 people about 60 miles east of Montgomery near the Georgia state line.

President Donald Trump tweeted that he told the Federal Emergency Management Agency to give Alabama “the A Plus treatment.”

The twister was part of a powerful storm system that slashed its way across the Deep South, spawning numerous tornado warnings in Georgia, South Carolina and Florida.

“All we could do is just hold on for life and pray,” said Jonathan Clardy, who huddled with his family inside their Beauregard trailer as the tornado ripped the roof off. “It’s a blessing from God that me and my young’ns are alive.”

Beauregard, named for a Confederate general, is in a rural corner of the same Alabama county that is home to Auburn University. The community has a few small stores, two schools and a volunteer fire department dotting the main highway that runs through town. The sheriff estimated up to 10,000 people live in the area.

“Everybody in Beauregard is a real close-knit family,” Clardy said. “Everybody knows everybody around here. Everybody is heartbroken.”

Julie Morrison and her daughter-in-law picked through the ruins of Morrison’s home in Beauregard, looking for keys and a wallet. They managed to salvage her husband’s motorcycle boots and a Bible.

Morrison said she and her husband took shelter in the bathtub as the twister lifted their house off the ground and swept it into the woods.

“We knew we were flying because it picked the house up,” Morrison said, figuring that the shower’s fiberglass enclosure helped them survive. She said her son-in-law later dug them out.

Levi Baker took a chain saw to help clear a path for ambulances and other emergency vehicles. He said he saw dead people and animals and demolished houses, with one home swept off its foundation and left in the middle of a road.

Along the hard-hit country road, giant pieces of metal from a farm building dangled from pine branches 20 feet (6 meters) in the air, making loud creaking sounds as the wind blew. For an entire mile down the road, pines were snapped in half. A mobile home crushed by two trees marked the end of the path of destruction.

An early March tornado outbreak in the Alabama-Mississippi area is not unusual, tornado experts said.

The National Weather Service’s Storm Prediction Center in Norman, Oklahoma, posted forecasts for higher possible tornado activity in the region on Thursday, three days before the killer twister struck.

University of Georgia meteorology professor Marshall Shepherd said the weather service and its prediction center “were all over it in the days and hours before the storms.”


Company: cnbc, Activity: cnbc, Date: 2019-03-04  Authors: julie dermansky, corbis historical, getty images
Keywords: news, cnbc, companies, alabama, weather, sheriff, dozens, tornado, dead, twister, took, path, missing, community, tornadohit, beauregard, georgia, nearly, metal, 23


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America’s favorite Valentine’s Day candy is missing — here are some other options

This Valentine’s Day, consumers shouldn’t panic that the original conversation hearts candy isn’t on shelves. Other candy brands are stepping up to fill the void. Americans are expected to spend $1.8 billion on candy this Valentine’s Day, according to the National Retail Federation. Some of that money will no doubt be spent on other versions of conversation hearts, in addition to chocolates. Brach’s, which has sold conversation hearts since the 1960s, said in a statement that it has been the mar


This Valentine’s Day, consumers shouldn’t panic that the original conversation hearts candy isn’t on shelves. Other candy brands are stepping up to fill the void. Americans are expected to spend $1.8 billion on candy this Valentine’s Day, according to the National Retail Federation. Some of that money will no doubt be spent on other versions of conversation hearts, in addition to chocolates. Brach’s, which has sold conversation hearts since the 1960s, said in a statement that it has been the mar
America’s favorite Valentine’s Day candy is missing — here are some other options Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: amelia lucas, diana haronis, moment mobile, getty images
Keywords: news, cnbc, companies, americas, missing, sold, favorite, options, hearts, candy, conversation, sweethearts, day, brachs, spangler, valentines, brands, sour


America's favorite Valentine's Day candy is missing — here are some other options

This Valentine’s Day, consumers shouldn’t panic that the original conversation hearts candy isn’t on shelves. Other candy brands are stepping up to fill the void.

Sweethearts conversation hearts are unavailable for the first since since 1866 as the brand’s new owner, Spangler Candy, acquired it too late to produce the candy in time for the holiday. Spangler, best known for its Dum Dum lollipops, said in January that conversation hearts will return next year.

Americans are expected to spend $1.8 billion on candy this Valentine’s Day, according to the National Retail Federation. Some of that money will no doubt be spent on other versions of conversation hearts, in addition to chocolates.

Brach’s released three new lines of flavors for its conversation hearts this year. Brach’s, which has sold conversation hearts since the 1960s, said in a statement that it has been the market leader in conversation hearts for years. Candystore.com reported that Sweethearts’ version was the popular candy for the holiday last year.

“Brach’s size, texture, colors, sayings, flavors and quality provide the perfect sweet solution for those conversation heart lovers who are lamenting over reports that this Valentine’s favorite is not available this year,” Hans Becher, general manager of Brach’s and seasonal confections at parent company Ferrara Candy, said in a statement.

Spangler did not immediately respond to a request for comment.

For something a little more sour and less chalky, both Nestle’s SweeTarts and Mondelez’s Sour Patch Kids have their own take on conversation hearts. Besides the difference in flavor, the candies’ sayings aren’t as visible as those on Brach’s or Sweethearts’ versions.

New England Confectionery Co., also known as Necco, went out of business in July and sold Sweethearts and its other candy brands at auction. Round Hill Investments, which brought Hostess brands back from the brink, acquired Necco’s brands but sold Sweethearts and the Necco wafer brand several months later.

But fans of Sweethearts might be glad that the candy isn’t available this year. Bloomberg reported in October that exterminator visits to the factory had grown sporadic — and rat sightings became much more common.


Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: amelia lucas, diana haronis, moment mobile, getty images
Keywords: news, cnbc, companies, americas, missing, sold, favorite, options, hearts, candy, conversation, sweethearts, day, brachs, spangler, valentines, brands, sour


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Stocks making the biggest moves after hours: Nvidia, Truecar, CBS and more

Check out the companies making headlines after the bell:NVIDIA shares jumped more than 9 percent after hours Thursday based on the chip company’s better-than-expected fourth-quarter earnings. Shares of CBS ticked more than 2 percent lower in extended trading Thursday following the release of their fourth-quarter earnings. The television broadcaster posted $4.02 billion in revenue, missing estimates of $4.13 billion. Berkshire Hathaway also announced it is eliminating its 41.4 million share stake


Check out the companies making headlines after the bell:NVIDIA shares jumped more than 9 percent after hours Thursday based on the chip company’s better-than-expected fourth-quarter earnings. Shares of CBS ticked more than 2 percent lower in extended trading Thursday following the release of their fourth-quarter earnings. The television broadcaster posted $4.02 billion in revenue, missing estimates of $4.13 billion. Berkshire Hathaway also announced it is eliminating its 41.4 million share stake
Stocks making the biggest moves after hours: Nvidia, Truecar, CBS and more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: maggie fitzgerald, angela weiss, afp, getty images
Keywords: news, cnbc, companies, truecar, shares, moves, share, nvidia, missing, hours, cbs, fourthquarter, making, earnings, cents, million, billion, revenue, stocks, biggest, company


Stocks making the biggest moves after hours: Nvidia, Truecar, CBS and more

Check out the companies making headlines after the bell:

NVIDIA shares jumped more than 9 percent after hours Thursday based on the chip company’s better-than-expected fourth-quarter earnings. The company posted earnings of 80 cents per share on revenue of $2.21 billion. Wall Street estimated earnings of 75 cents on revenue of $2.2 billion. The company issued weak first-quarter guidance with revenue at $2.20 billion, compared to the estimated $2.28 billion.

TrueCar shares tanked as much as 22 percent in the extended session Thursday after missing on the top and bottom line of their fourth-quarter earnings report. Revenue was $91.1 million, vs. the estimated $95.7 million. Earnings per share were 3 cents, missing estimates of 5 cents. The automotive pricing and information company also issued weak first-quarter and full-year guidance. The stock has recovered some of its losses.

Shares of CBS ticked more than 2 percent lower in extended trading Thursday following the release of their fourth-quarter earnings. Adjusted earnings per share were $1.50, while analysts forecast $1.52. The television broadcaster posted $4.02 billion in revenue, missing estimates of $4.13 billion.

Direct-to-consumer subscribers for CBS All Access and Showtime reached 8 million, two year’s ahead of the company’s original schedule, CEO Joe Ianiello said. “As a result, we have set a new target of 25 million domestic subs combined from both of these direct-to-consumer services by 2022,” he added. The original goal was 16 million by 2022.

Shares of Suncor Energy ticked 4 percent higher in extended trading based on news that Berkshire Hathaway acquired 10.8 million shares in the Canadian energy company. The stock was later trading mostly flat.

Berkshire Hathaway also announced it is eliminating its 41.4 million share stake in Oracle. The stock dropped about 2 percent based on the news. Berkshire announced it is decreasing its stake in Apple and increasing stakes in JPMorgan and General Motors.

Shares of Applied Materials dipped as much as 2 percent after market close despite reporting better-than-expected first-quarter earnings. The manufacturing company beat on the top and bottom lines. Earnings per share were 81 cents, 2 cents higher than analysts predicted. Revenue was $3.75 billion, topping estimates of $3.71 billion.

Chemours shares dropped nearly 4 percent after the bell Thursday following the release of their mixed fourth-quarter earnings. The chemicals company earned $1.46 billion in revenue, missing estimates of $1.51 billion. Earnings per share were $1.05 cents, beating expectations by 6 cents.


Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: maggie fitzgerald, angela weiss, afp, getty images
Keywords: news, cnbc, companies, truecar, shares, moves, share, nvidia, missing, hours, cbs, fourthquarter, making, earnings, cents, million, billion, revenue, stocks, biggest, company


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ABN Amro fourth-quarter net profit drops 42 percent, missing estimates

Dutch bank ABN Amro on Wednesday missed analysts’ expectations with a 42 percent fall in fourth-quarter net profit as loan impairments increased. Net profit was 316 million euros ($358.2 million), compared with 542 million euros profit a year earlier, and an average expectations of 446 million euros in a Reuters poll of analysts. ABN Amro last year said it would limit trade and commodity finance operations in the offshore energy, diamond and shipping sectors, to improve profitability. Net profit


Dutch bank ABN Amro on Wednesday missed analysts’ expectations with a 42 percent fall in fourth-quarter net profit as loan impairments increased. Net profit was 316 million euros ($358.2 million), compared with 542 million euros profit a year earlier, and an average expectations of 446 million euros in a Reuters poll of analysts. ABN Amro last year said it would limit trade and commodity finance operations in the offshore energy, diamond and shipping sectors, to improve profitability. Net profit
ABN Amro fourth-quarter net profit drops 42 percent, missing estimates Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: reuters with cnbccom, jasper juinen, bloomberg, getty images
Keywords: news, cnbc, companies, fourthquarter, amro, abn, drops, missing, 42, euros, million, shipping, dutch, sectors, estimates, q4, net, oil, bank, profit


ABN Amro fourth-quarter net profit drops 42 percent, missing estimates

Dutch bank ABN Amro on Wednesday missed analysts’ expectations with a 42 percent fall in fourth-quarter net profit as loan impairments increased.

Net profit was 316 million euros ($358.2 million), compared with 542 million euros profit a year earlier, and an average expectations of 446 million euros in a Reuters poll of analysts.

Clifford Abrahams, chief financial officer of ABN Amro told CNBC Wednesday: “Q4 was operationally solid and steady…But we had a couple of specific items in Q4, we had some expenses and elevated impairments.”

“But for the year as a whole, the bank is in good shape and you see we posted an ROE (return on equity) of 11 percent and we are confirming our guidance for 2019,” he added.

Loan impairments soarded to 208 million euros from 34 million a year earlier, as shipping, oil services, jewellery and some other sectors continued to struggle despite a strong recovery in the Dutch economy and rising oil prices.

ABN Amro last year said it would limit trade and commodity finance operations in the offshore energy, diamond and shipping sectors, to improve profitability.

Net profit was also dented by 85 million euros in extra costs for the scrutiny of clients, as the bank stepped up its fight against money laundering and other criminal activities.

This followed a record $900 million fine paid by fellow Dutch bank ING Groep NV in September for failing to spot criminal activities financed through its accounts for years.


Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: reuters with cnbccom, jasper juinen, bloomberg, getty images
Keywords: news, cnbc, companies, fourthquarter, amro, abn, drops, missing, 42, euros, million, shipping, dutch, sectors, estimates, q4, net, oil, bank, profit


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Activision Blizzard’s forward numbers are now derisked: Analyst

Activision Blizzard’s forward numbers are now derisked: Analyst12 Hours AgoMatthew Thornton of SunTrust Robinson Humphrey explains why he recommends buying Activision Blizzard’s stocks despite the company missing earnings estimates for the fourth quarter of 2018.


Activision Blizzard’s forward numbers are now derisked: Analyst12 Hours AgoMatthew Thornton of SunTrust Robinson Humphrey explains why he recommends buying Activision Blizzard’s stocks despite the company missing earnings estimates for the fourth quarter of 2018.
Activision Blizzard’s forward numbers are now derisked: Analyst Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-12
Keywords: news, cnbc, companies, derisked, activision, stocks, robinson, suntrust, recommends, forward, blizzards, quarter, thornton, analyst, numbers, missing


Activision Blizzard's forward numbers are now derisked: Analyst

Activision Blizzard’s forward numbers are now derisked: Analyst

12 Hours Ago

Matthew Thornton of SunTrust Robinson Humphrey explains why he recommends buying Activision Blizzard’s stocks despite the company missing earnings estimates for the fourth quarter of 2018.


Company: cnbc, Activity: cnbc, Date: 2019-02-12
Keywords: news, cnbc, companies, derisked, activision, stocks, robinson, suntrust, recommends, forward, blizzards, quarter, thornton, analyst, numbers, missing


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