CNBC’s Jim Cramer on Wednesday blasted Bed Bath & Beyond’s decision to announce disappointing same-store sales figures well ahead of its fourth-quarter earnings release. However, Cramer said investors could use the subsequent stock plunge as a buying opportunity. Bed Bath & Beyond shares sank about 25% on Wednesday after the home goods retailer said after the bell Tuesday that December and January same-store sales dropped 5.4%. Why revise guidance if you didn’t have guidance?” Bed Bath & Beyond

Housing stocks could be building a solid foundation for a breakout. We also have a Fed that cut rates multiple times last year so, of course, the housing market is going to be booming.” Top stocks in the ETF such as Home Depot, Lowe’s, Sherwin-Williams and D.R. Stocks such as Lennar, Toll Brothers and PulteGroup are all at or less than 1% from 52-week highs. Shay agrees that it could see some eventual weakness but says first a few standout stocks could push the entire group through to new highs.

Researchers from MIT say that washing your hands at the airport could help curb a pandemic by up to 69% — and that includes flu-like illnesses such as coronavirus. They calculated that if 60% of travelers had clean hands, it has the potential to slow a global disease by 69%. But even if just 30% of travelers kept their hands clean, it could reduce the impact of a disease by 24%. With those metrics, the airports that they deemed would have the “greatest impact” are London’s Heathrow, Los Angeles

Gucci owner Kering SA has closed half of its stores in mainland China and the locations that are still open are operating on reduced hours, CEO Francois-Henri Pinault as the company warned investors of a drop in sales. “We have a strong drop in traffic and in sales over the last 10 days,” CEO Francois-Henri Pinault told analysts on a conference call Wednesday discussing its fourth-quarter earnings. Sales for the fourth quarter increased 11% to 4.36 billion euros ($4.77 billion). “In the past few

Charlie Munger, vice chairman at Berkshire Hathaway and Warren Buffett’s longtime business partner, addressed Wednesday shareholders of the Los Angeles-based Daily Journal. Munger, who turned 96 last month, also answered questions from Daily Journal shareholders. Investors of all stripes look forward to Munger’s annual address at the publisher’s headquarters for the investment wisdom he shares. Munger is considered, alongside Buffett, to be one of the best investors and business thinkers in hist

New coronavirus cases in China appear to have stabilized in recent days, but world health officials cautioned the public against reading too much into those numbers. There are 44,730 cases in China and at least 1,114 deaths as of Wednesday morning, Tedros said. Dr. Mike Ryan, executive director of WHO’s emergencies program, said the slowing in cases is due in large part to “the huge public health operation in China.” “We must continue to stop the virus, while preparing countries for the arrival

Wall Street giant Goldman Sachs is increasingly going head-to-head with the biggest tech companies for talent as it rapidly boosts its engineering talent, said George Lee, the bank’s co-Chief Investment Officer. Speaking onstage at Goldman’s Technology and Internet Conference in San Francisco on Wednesday, Lee said that the investment bank now has 10,000 developers, making up about one-quarter of its total workforce. “The trend is very much toward technology companies,” Lee said, when asked abou

If you’re a CEO hoping to give your stock a boost over time, you may want to start mentioning “growth” and “expansion” more often on earnings calls. They then compared the performance of long-short stock portfolios based on how frequently management used positive descriptors to characterize earnings results. The stock of Russell 3000 companies with vocally optimistic CEOs between May 2010 and December 2017 also outperformed the stock market by 4.2%, 5% and 3.6%, respectively, depending on which

Chip Somodevilla | Getty ImagesWhen the history books are written, T-Mobile’s merger with Sprint may be the final chapter of the 4G-LTE era. The 5G era will initially feature massive capital expenditure by wireless companies. Charter, the second-largest U.S. cable company with an enterprise value of about $200 billion, could be the catalyst for consolidation. The cable company is partially owned by billionaire dealmaker John Malone’s Liberty Broadband (a subset of GCI Liberty) and is run by CEO

But Carney said Amazon’s lawsuit is less about losing the contract itself and more about examining whether Trump used his position as president to interfere in the decision process. Carney contended that Amazon’s protest of the JEDI decision is “highly unusual,” pointing to the allegations laid out in the company’s lawsuit. The $10 billion Joint Enterprise Defense Infrastructure, or JEDI, cloud computing contract was awarded to Microsoft in October. In November, Amazon filed a notice in the U.S.

Mobile World Congress (MWC), the world’s largest trade show for the mobile phone industry, has been canceled amid fears over the coronavirus outbreak. The organizers behind the Barcelona-based event, GSMA, announced Wednesday it would no longer be holding MWC due to ongoing concerns over the spread of a new strain of coronavirus which originated in China. Multiple firms had pulled out of the tech conference prior to the GSMA’s decision, putting pressure on the hosts to drop the event. Various te

On the same day, all four prosecutors involved in Stone’s trial dramatically quit the case in apparent protest of the about-face on the sentencing request. Timothy Shea, the new U.S. attorney for Washington, filed another sentencing memorandum Tuesday, calling for Stone to receive “far less” time behind bars. Schumer has asked the Justice Department’s internal watchdog, Inspector General Michael Horowitz, to “immediately investigate” the decision to weaken Stone’s sentencing recommendation. DOJ

Here are the biggest warning signs that reveal a dishonest person:1. When someone says, “You never compliment me,” for example, they’re just begging you to say: “That’s ridiculous! Even when you know that someone is just exaggerating, it can be hard to tell if they know it. You say, “I’m sorry.” They’ll say, “I’m sorry.

Health officials had confirmed 13 U.S. cases of the virus, now named COVID-19, short for Corona Virus Disease. Messonnier said people who are sick or under investigation should wear facemasks when around other people or with health-care providers. The CDC said Tuesday that a mistake at a lab led U.S. health officials to release an infected coronavirus patient from a San Diego hospital. Messonnier said Wednesday that U.S. health officials are implementing “additional quality controls” to ensure a

Surprise Trade is a multiplayer Sword and Shield feature that allows trainers to pick a monster and trade it for a random Pokémon from another player. Recently, however, reports are trickling out that some fans get an error when they attempt to complete a Surprise Trade, as you can see in the footage below:POC for the Surprise trade Crash! It’s recommended to not use Surprise Trade until a patch is released! These hacked monsters cause Pokémon Sword and Shield to play the trade animation over an

Pokémon Home launched out of the blue on Tuesday night and it seems, as thousands of people rushed to download the app, a few technical problems have cropped up. The problems for the app seems to start as soon as it launches, as some people are having trouble getting past the log-in screen to link their Nintendo accounts to Pokémon Home. Perhaps the most terrifying issue that’s plagued Pokémon Home’s early adopters are those that have to do directly with their Pokémon collections. While these ar

As of this writing, you can only transfer Pokémon from Pokémon Bank, Pokémon: Let’s Go, Eevee and Pikachu, and Pokémon Sword and Shield to Pokémon Home. Note that moving Pokémon from Pokémon Bank and Pokémon Go to Pokémon Home is a one-way trip: After transferring to Pokémon Home, they cannot go back. Importing Pokémon from Pokémon Bank to Home will import the Pokédex data with it. Switch: Organize your Home boxes, complete Research Tasks, transfer points to Pokémon Sword and Shield, transfer Po

Lewis Hamilton of Great Britain and Mercedes GP leads into the first corner during the Chinese Formula One Grand Prix at the Shanghai International Circuit on April 20, 2014 in Shanghai, China. Formula One’s Chinese Grand Prix has been postponed due to the recent outbreak of coronavirus in the country, the organizers said on Wednesday. The FIA and Formula One said in a statement that they had jointly decided to postpone the race, which was scheduled for April 19 at the Shanghai International Cir

The German government’s smaller coalition partner, the Social Democratic Party (SPD), has said it could quit the alliance if Chancellor Angela Merkel is forced out of office by the new leader of her party, the Christian Democratic Union (CDU). The secretary general of the SPD, which is in a coalition with the CDU and its Bavarian sister party, the Christian Social Union (CSU), said Wednesday that if Merkel is forced from the chancellorship, the party could pull out of the so-called “Grand Coalit

In order to push the world toward net zero, BP said it would undertake actions such as “more active advocacy” for policies supportive of net zero, like carbon pricing. BP said its goal to be a net-zero business covered, on an absolute basis, greenhouse gas emissions from global operations as well as the carbon in the oil and gas it generates. “This is what we mean by making BP net zero,” Looney said. “Alternatively, some investors that might have encountered pressure to dispose of direct investm