ccn.com

The U.S. stock market traded higher Thursday but the Dow was mostly excluded from the rally as shares of Microsoft Corp (MSFT) tumbled following a lukewarm earnings report. Dow Flips Green But Trails S&P 500 & Nasdaq The Dow Jones Industrial Average traded lower after the open, mirroring a mostly flat pre-market session for Dow futures. The blue-chip index fell by as much as 172 during the morning session before paring losses and eventually flashing green. At last check, the Dow was up 9.64 points or 0.04%. DowDuPont (DWDP) plunged more than 8% after reporting disappointing revenues. Shares of communications

Read more at ccn.com

Lately, various coffee shops have been advertising lattes and coffees with CBD oil. However, despite the increase in advertising efforts for Cannabis-infused beverages, Starbucks CEO Kevin Johnson has stated that there are currently no plans by the company to launch its versions of Cannabis-laced coffee drinks. Speaking in an interview with CNBC’s Squawk on the Street that was aired on January 25, Johnson said: We’re going to keep watching this, but right now, it’s not on the road map. Cannabis-infused lattes aren’t coming to Starbucks’ menu in the near future, CEO Kevin Johnson said. ☕️ https://t.co/D0dqmmMvwD pic.twitter.com/mTD3eGXWfm — CNBC (@CNBC)

Read more at ccn.com

The United States and China are making progress in negotiations to end their ongoing trade war, but the world’s two largest economies won’t sign a new bilateral agreement just yet, US President Donald Trump said on Thursday. Trump Oval Office Negotiations Won’t Bring Trade Deal Writing on Twitter, Trump said that while he plans to meet with “China’s top trade negotiators” today in the Oval Office, he has no intentions of striking a formal trade deal until he meets face-to-face with Chinese President Xi Jinping. China’s top trade negotiators are in the U.S. meeting with our representatives. Meetings are

Read more at ccn.com

Tesla CEO Elon Musk has announced that the electric car maker’s long-serving chief financial officer (CFO), Deepak Ahuja, is leaving the company after over a decade of service, CNBC reports. Musk made the announcement towards the end of an earnings conference call. Tesla’s shares fell sharply by nearly 5% in after-hours trading. This is not Ahuja’s first time to resign from the electric car maker. He first departed in 2015 only to rejoin two years later. This was to replace Jason Wheeler, who had abruptly resigned as the CFO. How do you not include the departure of your CFO in

Read more at ccn.com

Shares of aviation giant Boeing Co. surged on January 30, after the aerospace contractor reported that its earnings and profits for the fourth quarter of 2018 were significantly higher than expectations of Wall Street analysts. Amongst other things, this report provided a rather upbeat outlook for the 2019 financial year. According to the company’s reported earnings, net income grew to $3.42 billion, up from the $3.32 billion that was reported the previous year. Also, adjusted earnings per share rose from $5.07 to $5.48. The company’s revenues for the quarter stood at $28.34 billion as well, significantly beating the $1 billion

Read more at ccn.com

US president Donald Trump has gleefully weighed in on the news of mass layoffs at Buzzfeed and the Huffington Post in typically abrasive fashion on his Twitter account. According to Trump, who is facing an unprecedented challenge to his presidency following the arrest of longtime adviser Roger Stone and another impending government shutdown on the horizon, hundreds of personnel lost their jobs because their employers are engaged in “fake news”. It will be recalled that Buzzfeed and HuffPo laid off a total of more than a thousand journalists and creative writers last week in the latest round of efficiency cuts

Read more at ccn.com

Apple is struggling in China, and many investors expected it. What wasn’t expected is the magnitude of which the technology conglomerate has been unsuccessful in winning over the Chinese market. The decline in iPhone sales in mainland China has also reportedly affected the suppliers of the firm, whose values declined following the open letter of Apple CEO Tim Cook in early January. Analysts believe Apple could revitalize its business in China and in Asia, but it will need a miracle and serious discussions on the pricing of the devices. What Apple’s Core Problems are and How They Can be Addressed

Read more at ccn.com

Pot stock analysts believe that the CBD industry is about to explode. The reason? The $867 billion Farm Bill, signed into law by US President Donald Trump on December 20, officially excluded all cannabis products with 0.3% or less THC from the Controlled Substances Act. (THC is the psychoactive element in marijuana that gets users “high.”) CBD has medicinal uses and is already legal in many states, as is its psychoactive component. As a result, farmers anywhere in the United States can freely grow “hemp” for both industrial and medical purposes. Several Pot Stocks Set to Explode Canaccord Genuity, a

Read more at ccn.com

The Dow Jones Industrial average barreled above 25,000 for the first time in two months Wednesday, posting a 435 point gain in a massive one day rally, and charting a market breakout attempt against major resistance. Dow Barrels Past 25,000 The rally follows a Tuesday of mixed results in U.S. equities markets with the NASDAQ and S&P 500 in the red for the day (by troubling 0.81 percent and 0.15 percent declines, respectively) and the Dow only barely in the green with a 51-point (or 0.21 percent) gain. There was a general updraft in U.S. equities with the S&P 500

by

Read more at ccn.com

Apple co-founder Steve Jobs cultivated a streamlined strategy that focused on a few products suited for all its markets. The iPhone maker may, however, have to change in order to regain the growth momentum it has lost in China. Currently, analysts and ex-employees hold the view that Apple’s streamlined strategy has failed the tech giant in China, The Wall Street Journal reports. This is because the approach has left the company unable to adapt to the local user habits and preferences. Sales of the iPhone Falling by Double Digits in China In the most recent quarter, Apple’s sales in the

by

Read more at ccn.com