Investing

CVS Health CEO Larry Merlo told CNBC Thursday that the health chain is unlocking growth opportunities despite the stock’s downward trend since officially merging with Aetna in November. The company has made “tactical execution” changes to its long-term care business that has faced “intense financial pressure,” he said. The skilled nursing unit came from CVS’
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Millenials make up 25 percent of Norwegian Cruise Line‘s bookings and the company is putting more accommodations on board its ships to attract the fastest-growing customer base, CEO Frank Del Rio told CNBC Tuesday. “We are now building ships with the understanding that Instagram is something to deal with,” he said in an interview with
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Shares of British Columbia-based Tilray jumped after the bell Monday after it reported that its cannabis sales more than doubled over the last year. The company said fourth-quarter revenues of $15.5 million buoyed 2018 sales to $43.1 million, up 110 percent compared to last year. The surge was driven by bulk sales, the first months
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J.P. Morgan Chase is expanding a previous program designed to boost job prospects for people at risk of being shut out of the economy. The bank’s new five year plan, announced Monday, includes $200 million to develop training programs for in-demand digital and technical roles, $125 million to boost collaboration between employers and the educational
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Economic forecaster Lakshman Achuthan is warning investors they could get scorched by one of 2019’s most popular groups. Achuthan believes the semiconductor rally is showing signs of breaking down, and he’s blaming shipment demand. “Collapse comes to mind when you look at global demand for semiconductor chips,” he said Friday on CNBC’s “Trading Nation.” Achuthan,
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“It’s an emerging technology in the very, very early stages of commercialization,” said Dean Frankel, Solid Power’s head of business development. “It just takes time from a scale-up standpoint.” While some start-ups work toward perfecting and scaling up the solid-state battery, others like Sila Nanotechnologies hope to take advantage of current lithium-ion manufacturing processes to
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Last month, on the heels of the wildly successful Epic Games’ ‘Fortnite’, Activision issued a weak forecast and announced it was cutting 8 percent of its staff. But Olson is betting on a rebound. “Newell shares continue to fade following a disappointing Q4 earnings report on 2/15. At this point, we believe expectations have been
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