John Legere, chief executive officer of T-Mobile US Inc. Chris Goodney | Bloomberg | Getty Images T-Mobile Chief Executive Officer John Legere isn’t taking the WeWork CEO job, according to people familiar with the matter. Legere, who became CEO of T-Mobile in 2012, has no plans to leave the company, said the people, who asked
Finance
Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters Stocks bounced on trade headlines on Friday, but the market could stall out in the week ahead if there is no real progress towards a deal. Stocks ended the week at record highs, but Treasury yields unwound half the big
The “Fast Money” traders shared their first moves for the market open. Pete Najarian was a buyer of Twitter. Carter Worth was a seller of Apple. Tim Seymour was a buyer of Nike. Steve Grasso was a buyer of McDonald’s. Disclosure Trader disclosure: Pete is long calls ALLY, APA, BABA, BBY, BP, BSX, CCJ, CENX, EEM,
Online fashion house Farfetch’s CEO Jose Neves and members of the company’s leadership team ring the opening bell to celebrate their IPO at the New York Stock Exchange in New York, September 21, 2018. Brendan McDermid | Reuters Check out the companies making headlines after the bell: Farfetch shares surged 20% during extended trading after
Pedestrians carry Bloomingdale’s shopping bags while walking in New York. Craig Warga | Bloomberg | Getty Images Consumers are likely to have increased their spending in October, after a surprising pullback in September. The government’s October retail sales report, due at 8:30 a.m. ET Friday, is one of the most important data releases of the
Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters The longest bull market in history is also the best ever. The current market boom, which started March 9, 2009, has enjoyed a whopping 468% gain for the S&P 500 through the first day of November, making this record-long bull
Secondary school students attend a rally at Edinburgh Place in Hong Kong on August 22, 2019. Anthony Wallace | AFP | Getty Images Even after months of protests and escalating violence, Hong Kong is still a “very good proxy” for foreign investors wanting to access the vast China market, an economist said on Wednesday. “Since
The U.S. economy does not need negative interest rates, CNBC’s Jim Cramer said Wednesday. “It’s a sign of weakness,” the “Mad Money” host said on “Squawk on the Street.” Cramer was responding to President Donald Trump’s suggestion on Tuesday that the Federal Reserve should continue lowering interest rates, possibly veering into negative territory, in order
The “Fast Money” traders shared their first moves for the market open. Karen Finerman was a buyer of Disney. Dan Nathan was a seller of the SPDR S&P Retail ETF. Lori Calvasina was a buyer of small caps. Guy Adami was a buyer of PayPal. Disclosure Trader disclosure: Dan is Long TLT Dec call spread. XLP Nov
A JD delivery cart stops at roadside. Zhang Peng | LightRocket | Getty Images BEIJING – Alibaba, JD.com and Pinduoduo. For these three forces of China‘s online shopping market, winning the race to tap the country’s fastest-growing regions will depend largely on an efficient delivery strategy. China’s largest cities rival global metropolises in the variety