Dan Rosensweig, CEO, Chegg Scott Mlyn | CNBC Check out the companies making headlines after the bell. Shake Shack — The burger chain’s stock whipsawed in extended trading after the company provided its first-quarter earnings. Shake Shack said it had earnings of 2 cents per share excluding some items on revenue of $143.2 million, while
The shock of the coronavirus pandemic has made planning ahead difficult, particularly when it comes to major decisions like a career move. That doesn’t mean you should put your aspirations on hold, however, according to London Business School professor and author of “Act like a leader, think like a leader,” Herminia Ibarra. In fact, for
Warren Buffett’s Berkshire Hathaway has sold all its airline stocks, but retail investors at TD Ameritrade were buying them in April, according to JJ Kinahan, the firm’s chief market strategist. “Nobody in their right mind normally fades Mr. Buffett, but with that being said, I think people are buying these and saying, ‘OK, this has to be a longer-time-frame
DjelicS | E+ | Getty Images Small-business owners lucky enough to obtain an emergency loan through the Paycheck Protection Program have an uphill battle ahead: navigating forgiveness. The U.S. Small Business Administration has made 2.2 million loans to small businesses in the week since it’s reopened the emergency loan program. Congress refilled the pot to
Source: TULA The rise of virtual hangouts and work meetings hasn’t been enough to stop the battering of the beauty industry as the COVID-19 outbreak has largely put in-person activities on hold. But there’s been a bright spot — the clean beauty market. Purveyors in the space generally offer products free of toxic chemicals and
Signage is displayed outside a JC Penney Co. store in Chicago, Illinois. Christopher Dilts | Bloomberg | Getty Images J.C. Penney is trying to avoid a major blow to its recovery prospects from the coronavirus pandemic — losing Sephora. The ailing retail giant has filed a temporary restraining order against Sephora in an attempt to prevent
Warren Buffett Gerry Miller | CNBC Warren Buffett’s Berkshire Hathaway on Saturday posted a record net loss of nearly $50 billion as the coronavirus pandemic pummeled its common stock investments, but operating profit rose even as COVID-19 hurt its businesses. Berkshire’s first-quarter net loss totaled $49.75 billion, or $30,653 per Class A share, reflecting $54.52
A sign is seen at the window of a closed J.Crew store near Rockefeller Plaza on May 4, 2020 in New York City. (Photo by Angela Weiss / AFP) (Photo by ANGELA WEISS/AFP via Getty Images) ANGELA WEISS Jobless workers may be getting a sizable unemployment check as a result of the recently enacted federal
Now that millions of professionals have proven they’re able to do their jobs remotely, many experts agree it will become more common for people to split their time between working from home and going into an office. But what will that office look like once they get there? In a post-pandemic economy, it’s possible only
CNBC’s Jim Cramer warned Monday that the U.S. economy may be too weak right now to handle another trade fight with China and discouraged the Trump administration from imposing a new wave of tariffs against Beijing. Cramer also drew a comparison to the Great Depression, saying that to hike tariffs against China now would be