Warren Buffett, Chairman and CEO of Berkshire Hathaway.David A. Grogan | CNBCWarren Buffett took control of Berkshire Hathaway in 1965, and nearly six decades later as the "Oracle of Omaha" turned 93 on Wednesday, his conglomerate is stronger today than it's ever been.Berkshire shares have roared back to an...
The logo of printer manufacturer HP is seen during an event.Paco Freire | LightRocket | Getty ImagesCheck out the companies making headlines in midday trading.HP — HP dropped 7% in midday trading after reporting a fiscal third-quarter revenue miss. Late Tuesday, the PC maker reported quarterly revenue of $13.20...
Walmart is hosting its first seller summit businesses that are part of its third-party marketplace. The two-day event includes how-to sessions and remarks by the retailer's top leaders.Melissa Repko | CNBCLAS VEGAS — Walmart is looking for new ways to woo sellers to its third-party marketplace, as it pushes...
Enrique Lores, CEO, HPScott Mlyn | CNBCShares of HP fell more than 8% Wednesday morning after the printer and PC-maker released fiscal third quarter earnings that underwhelmed Wall Street.HP reported $13.2 billion in revenue, down from the $13.37 billion expected by analysts, according to Refinitiv. Earnings per share came...
Jack Daniels Tennessee WhiskeyGetty ImagesJack Daniel's maker Brown-Forman on Wednesday fell short of Wall Street expectations for its first quarter of fiscal 2024, plagued by lagging whiskey sales, supply challenges and a significant inventory rebuild.Net sales for whiskey products decreased by 1%, led by the brands Woodford Reserve and Gentleman...
Mark Thompson is stepping in as the next CEO and chairman of CNN.Parent company Warner Bros. Discovery said Wednesday it appointed Thompson as the next leader of the cable news network, a few short months after the ouster of Chris Licht.Thompson previously served as CEO and president of The...
A 'help wanted' sign is displayed in a window of a store in Manhattan on December 02, 2022 in New York City. Spencer Platt | Getty ImagesJob creation in the United States slowed more than expected in August, according to ADP, a sign that the surprisingly resilient U.S. economy might...
Joseph M. Hogan is CEO of Align TechnologyJin Lee | Bloomberg | Getty ImagesCheck out the companies making headlines before the bell.Align Technology — Shares rose 2.5% in early morning trading after HSBC initiated coverage with a buy rating. The firm cited the Invisalign maker's strong brand presence and...
Lego Star Wars toys sit on display inside a Toys R Us store in Paramus, New Jersey, Nov. 26, 2019.Bloomberg | Getty ImagesWhile other toy companies struggle with an inflation-fueled sales slump, Lego is building positive results brick by brick.The privately held Danish toymaker saw revenue rise 1% during...
Kevin Plank, now former CEO of Under Armour, during a CNBC interview on Mad Money on Feb. 28th, 2018.Scott Mlyn | CNBCUnder Armour's founder Kevin Plank forged an unusual relationship with television anchor Stephanie Ruhle that included trips on his private jet, access to confidential company information and a...