Despite recent recession fears and yield curve inversions, the bull market should live on until early 2021, analyst Tom McClellan said Thursday on CNBC’s “Closing Bell. “ “Everyone needs to just keep their pants on for now and realize that the yield curve gives a really long early warning about trouble,” said McClellan, editor of the
Best Buy shares fell 6.5% after its second-quarter revenue and same-store sales growth missed analysts’ expectations and upcoming tariffs on the company’s core products weigh on the stock. Investors were pessimistic Thursday morning, focusing on both the sales miss and a narrower estimate for same-store sales, driven by disappointing sales in Canada. However, the company
Pedestrians pass in front of an Ulta Beauty store in New York. Gabby Jones | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of Ulta nosedived 21% after the company lowered its guidance and missed earnings estimates. The beauty company lowered its revenue growth guidance to 9%-12%, compared to
KTSDESIGN | Science Photo Library | Getty Images Hackers are increasingly targeting the education industry, leaving students’ information vulnerable to identity theft and other types of fraud. Colleges, training providers and other private educational companies received more malicious emails than any other sector in the first quarter of 2019, according to Mimecast, an email and
Dennis Jarvis, Spyder Surf CEO and his MAGA surfboard Karen James | CNBC HERMOSA BEACH, Calif. — Inside Dennis Jarvis’ small workshop, the noise is almost deafening as he buffs and smooths the hard styrofoam before him on a recent afternoon. He’s a surfboard maker — or shaper, as they are called in the industry