A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Many investment firms of ultra-rich families are keen to buy stakes in private companies directly rather than through private equity funds, which come…
Comcast posted mixed results for its fourth quarter on Thursday, beating analyst expectations on earnings but slightly missing on revenue. Once again, Comcast’s broadband business showed signs of significant competition facing cable companies. Comcast said it lost 181,000 domestic broadband customers during the period, although it said the losses were offset by an increase in…
Check out the companies making the biggest moves in premarket trading: Meta Platforms — Shares jumped 9%. The social media giant called for first-quarter sales to range from $53.5 billion to $56.5 billion, topping the analysts’ consensus call for $51.41 billion. Fourth-quarter earnings came in at $8.88 per share on revenue of $59.89 billion, while…
Barcelona booked their place in the last 16 of the Champions League with a 4-1 over Copenhagen on Wednesday. While Hansi Flick’s side would eventually run out comfortable winners thanks to second-half goals from Robert Lewandowski, Lamine Yamal, Raphinha and Marcus Rashford, they suffered through a frustrating opening 45 minutes after they went behind to…
Laborers work at a coastal road project construction site in Mumbai on January 12, 2022. Punit Paranjpe | Afp | Getty Images India has forecasted its economy to grow between 6.8% to 7.2% in the fiscal year 2027, outpacing most major economies. The world’s fourth-largest economy is targeting this growth on the back of a…
Starbucks is expected to release a long-term forecast and share more details about how it plans to hit those financial targets at an investor presentation held in New York City on Thursday. When Starbucks suspended its outlook in October 2024, its long-term forecast projected global same-store sales would grow at least 5%, revenue would climb…
Drugmakers Roche and Sanofi’s latest earnings were largely as expected, with the companies talking up the potential of experimental medicines ahead of a looming “patent cliff” for Big Pharma. Both companies’ stocks were down less than 1% on Thursday after reporting earnings before the bell. They are both among the pharmaceutical companies that could see…
Liverpool may be struggling in the Premier League, but they’re a very different side in the Champions League, as they underlined on Wednesday by storming straight into the last 16 of the competition by hammering Qarabag 6-0 at Anfield. With the Reds’ defensive injury crisis having worsened in Saturday’s shocking defeat at Bournemouth, the last…
For investors struggling to make sense of a volatile market, CNBC’s Jim Cramer said clarity comes from focusing on scarcity as a key determinant in stock performance. “When in doubt, ask if there’s a shortage or glut of what the company in question sells,” Cramer said Wednesday night on “Mad Money.” “If it’s the former,…
This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse. Subscribe here. New Delhi-based tech startup founder Ashita Gupta loves her cars. With prospects of luxury European cars becoming cheaper, Gupta, who drives an Audi A6, is considering buying another high-end vehicle. It…
