Facebook is suing a New Zealand company and three people over fake Instagram likes

Facebook is suing a New Zealand company and three people over fake Instagram likes

Facebook is suing a company and three people based in New Zealand for allegedly selling fake likes, views and followers to Instagram users. The lawsuit, filed in U.S. federal court, alleged that defendants used different companies and websites to sell those fake engagement services, Facebook said Thursday evening. "By filing the lawsuit, we are sending…
Amazon to report first-quarter earnings after the bell

Amazon to report first-quarter earnings after the bell

Amazon reported first-quarter earnings on Thursday that reflected an ongoing change at the company: less growth but fatter profit margins. Despite the huge earnings beat, Amazon stock is up just 1% in after-hours trading, as second-quarter operating profit guidance came below street estimates. Here are the most important numbers: EPS: $7.09 vs. $4.72, according to…
Intel set to report first-quarter earnings after the bell

Intel set to report first-quarter earnings after the bell

Samyukta Lakshmi | Bloomberg | Getty Images Bob Swan, interim chief executive officer and chief financial officer of Intel Corp., reacts during the inauguration of the company's research and development facility in Bengaluru, India, Nov. 15, 2018. Intel stock fell more than 7% in extended trading after providing a weaker-than-expected revenue forecast for the year.…
Here are the picks in the 2019 CNBC Stock Draft

Here are the picks in the 2019 CNBC Stock Draft

CNBC's 2019 Stock Draft kicked off on "Power Lunch" Thursday. Ex-NFL star Nick Lowery, last year's winner, is defending his title against nine other teams. In 2018, her wrested the prize away from from "Mr. Wonderful," Kevin O'Leary, with his picks of Amazon, Goldman Sachs, and Advanced Micro Devices. His stocks ended the challenge up…
There’s a group of stocks not participating in the comeback and it could be a troubling sign

There’s a group of stocks not participating in the comeback and it could be...

A group of stocks that led the past two market rebounds is lagging this time around. And that may be a bearish signal. Small caps — stocks with a market capitalization of less than $2 billion — originally kept pace with S&P 500 in a rally back from December lows. Markets had been hammered in…
Comcast is in talks to sell 30% stake in Hulu to Disney

Comcast is in talks to sell 30% stake in Hulu to Disney

Comcast has had a frustrating run as a partial owner of video streaming platform Hulu, but that doesn't make the decision to sell its minority stake in the company any easier. Disney and Comcast are holding talks about working out a deal for Comcast's 30% stake, according to people familiar with the matter. Comcast is…
The IRS stats are in: Here’s how tax refunds look compared to last year

The IRS stats are in: Here’s how tax refunds look compared to last year

The final stats are in from the IRS — and it looks like the average tax refund check isn't all that different from last year. The average refund check for the week ending April 19 was $2,725, according to the tax agency. That's down 2% from a year ago. In all, the federal government paid…
Microsoft hits $1 trillion market cap for the first time as stock jumps on earnings beat

Microsoft hits $1 trillion market cap for the first time as stock jumps on...

Jason Alden | Bloomberg | Getty Images Microsoft CEO Satya Nadella reacts during a panel session on day three of the World Economic Forum in Davos, Switzerland, on Jan. 24, 2019. Microsoft shares jumped as much as 5.1% on Thursday, pushing the company past $1 trillion in market value on a better-than-expected earnings report. The…
Chart shows glaring economic risk that could wipe out record highs

Chart shows glaring economic risk that could wipe out record highs

Economic forecaster Lakshman Achuthan is warning Wall Street that the market's new highs don't signal a revitalized growth cycle. Achuthan, co-founder of the Economic Cycle Research Institute, believes it's not an ideal environment for sustainable gains. "All the optimism is really in these risk-on assets," he said Wednesday on CNBC's "Trading Nation." "When we look…
FBI and US attorney question JetSmarter customers

FBI and US attorney question JetSmarter customers

Officials from the FBI and U.S. Attorney's office in Florida have been interviewing customers of JetSmarter about the private jet company's business practices and communications, according to JetSmarter customers. The scope and nature of the inquiries are unclear. In a statement to CNBC from JetSmarter and its new owner Vista Global, the company denied JetSmarter…

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