Canada Goose said on Friday lower store traffic in China and travel restrictions due to the coronavirus epidemic would impact its revenue and lead to a smaller profit in 2020, sending its shares down 4%. The parka maker expects revenue to grow between 13.8% and 15%, compared with its prior forecast of at least 20% growth. That translates to C$945 million ($710 million) to C$955 million, a hit of up to C$51.6 million. It forecast full-year adjusted profit growth to be in the range of 2.2% decline

Shell Australia is set to construct and operate a solar farm made up of around 400,000 photovoltaic panels in the state of Queensland. In an announcement Friday, Shell Australia described the facility as its “first large-scale solar farm” and said it would have a capacity of 120 megawatts. Work on the project is set to finish in 2021, with Shell Australia saying up to 200 new jobs will be created during the construction phase. The solar farm will help to power operations at the QGC onshore natur

Data released on Friday showed that German industrial production fell for the fifth time in the last seven months, dropping by almost 7% on the year. Yesterday, official figures showed German factory orders contracted 2.1% month-on-month. According to preliminary data, Germany grew at a rate of 0.6% in 2019, the weakest expansion since 2013. The German government said Friday that the overall outlook for the industrial economy remains “subdued.” Time to spendAccording to the OECD (Organization fo

President Donald Trump smiles during an event at the White House in Washington, D.C., on Thursday, Feb. 6, 2020. A federal appeals court on Friday ordered the dismissal of a lawsuit by congressional Democrats who had sued President Donald Trump for allegedly violating the Constitution’s emoluments clause, which bars presidents and other federal officerholders from receiving money from foreign governments. The ruling came two months after the panel appeared deeply skeptical of the claim that memb

CVS Health chairman David Dorman on coronavirus, the markets and moreCoronavirus fears continue to spread and travelers around the country are stocking up on face masks. David Dorman, chairman of CVS Health and former chairman and CEO of AT&T, joins “Squawk Box” to discuss.

Jimmy Dunne: Likely won’t be rise in interest rates until 2021CNBC’s “Squawk Box” team talks with Wall Street legend Jimmy Dunne of Piper Sandler about the U.S. economy, markets and more.

If you have a job with a company that offers retirement savings, you are in luck. Self-employed people and small business owners should be concerned about their retirement savings, since just 13% of those tax filers participate in a workplace retirement plan. “The government has incentivized saving,” said Chad Parks, founder and CEO of the retirement plan provider Ubiquity Retirement and Savings in San Francisco. That $500 adds up to $6,000 over a year, the individual retirement plan limit for 2

So I will stay as CEO through 2020,” Stephenson said on “Squawk Box” from the AT&T Pebble Beach Pro-Am golf tournament in California. Stephenson said that WarnerMedia, led by John Stankey, is doing well and looking forward to launching its HBO Max streaming video service in May. Comcast’s NBCUniversal group, which includes CNBC, plans to launch a streaming service dubbed Peacock in July. Addressing rumors about a possible “Friends” reunion special as part of the HBO Max offering, Stephenson told

A lot of retirement planning revolves around how much money you should be saving now. In this case, there are two puzzle pieces to your monthly retirement budget: your personal savings and Social Security. And if you have a traditional job, you already pay 6.2% of your salary in Social Security taxes. NerdWallet crunched the numbers to figure out the personal savings side of your retirement plan. Check out the video to see a breakdown of how much money your savings and Social Security benefits w

The firm found that in two thirds of “high ESG controversy” cases a company’s stock experienced “sustained underperformance,” trailing the global index by an average of 12% over the course of the following 2 years. As the ESG and sustainable investing movement grows, Societe Generale quantified the potentially large consequences for companies that don’t follow suit. Traders on the floor of the New York Stock ExchangeThe firm based its analysis on 80 past ESG controversies, dating back to 2005 an

Uber CEO Dara Khosrowshahi told CNBC on Friday that the company doesn’t anticipate the fast-spreading coronavirus to impact its overall business. “We’re not seeing a significant effect on the business overall,” Khosrowshahi said on “Squawk Box.” “For example, business in Hong Kong, airport business is down pretty significantly, from an overall standpoint with our portfolio it’s not material in any way,” he added. Tesla has also temporarily shuttered its stores in mainland China, according to an

Uber CEO Dara Khosrowshahi told CNBC the company plans to put a majority of its revenue growth this year into the bottom line. “For every dollar of revenue growth, especially from Q4 to Q4, we expect to drop 50 cents to 55 cents to the bottom line,” Khosrowshahi said on “Squawk Box.” “For rides in 2019, for every dollar of revenue growth … they dropped about 80 cents to the bottom line,” he said. Rides driver referrals and excess driver incentives cost Uber $123 million in 2019, with $20 milli

Dish will offer the first month of its Sling Orange and Sling Blue products for $5. Sling Orange includes more than 30 linear channels, including ESPN, CNN and TNT. Dish has been offering the first month of Sling Orange and Sling Blue for $20 per month. Dish ended the third quarter with 12.18 million total pay-TV subscribers — 9.49 million for satellite and 2.69 million for Sling TV. Still, Sling’s consumer niche is its low price for a skinny bundle of linear channels — even lower than Hulu with

Hanesbrands (HBI) – The underwear and activewear company reported quarterly profit of 51 cents per share, matching forecasts. Uber Technologies (UBER) – Uber lost 64 cents per share for its latest quarter, 4 cents a share less than Wall Street was anticipating. T-Mobile US (TMUS) – T-Mobile beat estimates by 4 cents a share, with quarterly earnings of 87 cents per share. Pinterest (PINS) – Pinterest reported quarterly earnings of 12 cents per share, 4 cents a share above estimates. Myriad Geneti

Dow to open lower after 4%, four-session winning streakTraders work at the New York Stock Exchange in New York, the United States, on Jan. 8, 2020. One week ago to the day, the Dow plunged over 600 points on coronavirus concerns. While the outbreak continued to worsen in China this week, investors were hopeful because there were no signs of an outbreak in the United States. Adam Galici | CNBC3. Credit Suisse CEO steps down in fallout from corporate espionage scandalCredit Suisse CEO Tidjane Thia

Credit Suisse downgraded the stock after the company’s disappointing earnings report and said “execution risk” is “clouding” the company’s path to recovery. “Execution risk clouding path of recovery: When we launched coverage of Ford, at the core of our positive outlook was that even though Ford faced a challenge in balancing the ‘two clocks’, there was nevertheless significant opportunity for improvement. Even if Ford didn’t meet its targets, there were still enough ‘shots on goal’ to drive pos

A man holds up a smartphone with the Uber app visible on screen, as taxis queue in the background on June 4, 2019. Mahaney introduced the acronym “FANGU,” adding Uber, his top idea in the sector, to Facebook, Apple, Netflix and Google’s parent Alphabet. He sees more than 50% upside to Uber’s stock from current levels, betting on “very large market opportunities” and a path to profitability. The ride-hailing company on Thursday reported a narrower-than-expected quarterly loss and said it will del

Ford Motor President of Automotive Joe Hinrichs will retire and the company has named its new business and technology chief Jim Farley as its chief operating officer, the company announced Friday morning. Farley will take over broader responsibilities from Hinrichs, including all global markets and automotive, the company said. Farley will continue reporting to Ford CEO and President Jim Hackett, who has been under fire from Wall Street regarding progress to an $11 billion global restructuring p

“The key [level] to watch here is if it can break above its kind of double-top high in the high 45s.” “[If] it breaks above that level, it’s going to take off from here and it’d be very, very bullish on a technical basis,” Maley said. “So, … if you identify certain Chinese stocks that you think are trading at a reasonable valuation, I think there’s a good opportunity to buy some of them right now.” “As the middle class makes more and more money, they’re going to have more money to spend, and A

Amazon could potentially tag-team with the world’s biggest wrestling brand to gain an advantage in the streaming wars, according to a Needham. Not only could the Jeff Bezos-led tech retail juggernaut buy the streaming rights to World Wrestling Entertainment content, but it also could potentially buy the whole company one day, Needham analyst Laura Martin said. Martin, who has a buy rating on the stock, said one scenario for WWE is for Amazon to buy the licensing and streaming rights for the wres