Shares of Amazon climbed as much as 11% in extended trading on Thursday after smashing earnings expectations for the fourth quarter. The company’s market cap surged above $1 trillion after hours on the back of the powerhouse earnings report. Last quarter, Amazon claimed customers shopped at record levels during the holiday season and said it quadrupled both one-day and same-day deliveries over the period. In the earnings release, Amazon CEO Jeff Bezos said “more people joined Prime this quarter

US President Donald Trump speaks about the United States – Mexico – Canada agreement, known as USMCA, during a visit to Dana Incorporated, an auto supplier manufacturer, in Warren, Michigan, January 30, 2020. President Donald Trump said the U.S. government was working closely with China to contain the coronavirus outbreak that has killed at least 171 people, predicting “a very good ending” for the United States. Trump said U.S. officials believe “we have it all under control,” adding that it’s a

That should reverse by the third quarter, when he expects growth of 2.5%, following 2% in the second quarter, he added. Business spending remains weak … [business fixed investment] was negative for the third consecutive quarter. The GDP report, released Thursday morning, revealed continued weakness in business spending and more sluggish consumer spending, with consumption up just 1.8%, down from 3.2% in the third quarter. It looks like we’ll get less than 2% growth in the first quarter.,” said D

Since the end of December 2018, Colin Flynn, 11, has invested $420 in Nintendo, Tesla, Apple, Starbucks, Boeing, Chipotle, Nike, Uber, Amazon and Google stocks. “For Christmas of 2018, Colin requested money to buy stocks, which is where the majority of the funds came from,” Sullivan tells CNBC Make It. In 2019, the S&P was up 28.88% with a total return of 31.49%, which means Flynn’s rate of return was pretty spot-on with the market. Of course, it’s not likely the market will consistently deliver

Sofia Kenin of the U.S. and Garbine Muguruza of Spain will play for the 2020 Australian Open women’s title on Saturday, Feb. 1 at Melbourne Park. Both the men’s and women’s champions will collect a $4.12 million AUD check, or about $2.8 million USD. The runner-up will earn half that amount: $2.065 million AUD ($1.4 million USD). If Zverev makes it past Thiem and then Djokovic in the final, he has pledged to donate all of his prize money to help victims of the Australia wildfires. He’s already do

The Super Bowl halftime show is one of the biggest concerts of the year — but the performers don’t get paid for the gig. In addition to paying for stagehands and covering band dues, the show’s production costs are what really drive up the NFL’s bill. There’s the complex stage setup, over-the-top lighting, a firework display (and when Lady Gaga performed even trapeze equipment). In past years, the overall costs involved have been known to exceed $10 million, according to a 2014 article in the Wal

Kansas City castle vs. San Fran mega-home: Which one wins? Here’s what $5.6 million gets you in Kansas City Chiefs’ territory and the San Francisco 49ers’ hometown.

IBM shares jumped as much as 5% on Thursday after the company said Arvind Krishna is becoming its 10th CEO, replacing Virginia “Ginni” Rometty. Jim Whitehurst, Red Hat’s former CEO, is becoming IBM’s president, the company said. Rometty, 62, became IBM president and CEO on January 1, 2012, replacing Sam Palmisano. Under Rometty, IBM made cloud services a bigger priority, and it exited some businesses, including the low-end server unit it sold to Lenovo in 2014. During her tenure as CEO IBM’s sto

WHO defines a global health emergency, also known as a “public health emergency of international concern,” as an “extraordinary event” that is “serious, unusual or unexpected.” The international health agency has only applied the emergency designation five times since the rules were implemented in the mid-2000s. The last time WHO declared a global health emergency was in 2019 for the Ebola outbreak in eastern Congo that killed more than 2,000 people. The WHO committee’s goal, he said, is to cont

Britain on Tuesday defied the United States by granting Chinese technology firm Huawei a limited role in Britain’s 5G network. The United States, including Pompeo and President Donald Trump, had been lobbying Britain to exclude the firm on security grounds. But while the U.S. Secretary of State showed no softening in his opposition to Huawei, he was keen to downplay the broader impact. Britain’s Huawei decision came at a critical juncture as the country prepares to leave the European Union on Fr

Japanese billionaire Yusaku Maezawa has cut short his public search for a ‘life partner’ to accompany him to the moon on the SpaceX Starship rocket. In a series of tweets on Thursday, Maezawa said that he had pulled out of the matchmaking documentary he planned to make with Japanese video streaming site AbemaTV. The founder of Japan’s largest fashion retail website, Zozotown, launched his search for a partner earlier this month, tweeting a link to a website where women aged 20 or over could ente

Unfortunately, although NFL players make an average of $1.9 million a year, a full 15% of them end up declaring bankruptcy. According to Joe McLean, wealth manager of superstars in the NBA, NFL, PGA, MLB and NASCAR, when it comes to professional athletes, “the commonality is that with great abundance comes less discipline.” Joe McLean wealth manager of the richest stars of the NBA, NFL, PGA, MLB and NASCAR. The financial team McLean refers to includes but is not limited to a wealth manager, esta

Amazon comes into its first earnings report of 2020 in need of something to jolt the stock into high gear. Despite the recent disappointing performance, options traders are bullish on Amazon’s chances of catching up to the pack, Optimize Advisors President Michael Khouw said Wednesday on CNBC’s “Fast Money.” “What we saw today was that calls outpaced puts by about 1½ to 1, and right now, the options market is implying a move of about 3.8% [in either direction],” Khouw said. “One of the areas whe

Tate Britain museum in London has attracted controversy over offering to pay a “head of coffee” £39,500 ($51,747), an amount greater than the average salary of an art curator based in the city. The gallery advertised that the role, working 40 hours a week, would entail “sourcing, blending and roasting coffee,” requiring that the ideal candidate have “extensive experience of cupping and espresso quality control.” Alan Leighton, national secretary of trade union Prospect, said the pay discrepancy

Containers sit at the Yangshan Port in Shanghai, China, Aug. 6, 2019. Aly Song | ReutersThe U.S. has lost 3.7 million jobs since 2001 due to its trade imbalance with China, with most of the damage done to manufacturing, according to a report released Thursday. Along those lines, he has instituted billions of tariffs, though tensions between the sides have eased somewhat following an agreement on a phase-one deal. The report cites a variety of factors used to calculate the job losses. The authors

An exceptional decline in imports to the United States helped keep GDP growth north of 1% in the fourth quarter of last year. That decline in imports, in turn, had an outsized impact on how the broader net exports segment contributed to the headline GDP number in the fourth quarter. Net exports accounted for a positive 1.48 percentage points of the 2.1% GDP gain, its largest contribution to quarterly GDP growth since 2009. In fact, of that 1.48 percentage-point net export contribution to real GD

The founder of an exclusive investment club for the ultra wealthy told CNBC on Thursday that his members are sitting on piles of cash to protect against an economic downturn. Michael Sonnenfeldt, the founder and chairman of Tiger 21, said on “Squawk on the Street” that members of his club have about 12% of their portfolios in cash. The upcoming presidential election and the widening coronavirus outbreak are two areas of concern for club members, he said. Billionaire Bridgewater Associates founde

Here’s how this millennial couple lived frugally and paid off their $300K debt in only three yearsBernadette Joy Maulion, a blogger and YouTube personality, discusses how she used multiple streams of income — from garage sales to ride sharing — and a frugal lifestyle to pay her $300,000 debt.

Looking over her student loan balance, she realized she was graduating with some $72,000 in education debt. Combined with two mortgages for homes she and her husband had purchased in the hopes of flipping, Maulion was looking at $300,000 in debt and no clear plan to pay if off. “I went from zero debt to $300,000 of debt in a very short amount of time,” Maulion tells CNBC Make It. But the now-34-year-old quickly transitioned from feeling bad to feeling determined to change her life. She and her h

The highest-paid player in this year’s Super Bowl is 49ers quarterback Jimmy Garoppolo, whose average annual salary is an astounding $27.5 million. Chiefs defensive end Frank Clark is the Super Bowler earning the highest average salary this year after Garoppolo, at $20.8 million, per Spotrac. The 28-year-old Garoppolo signed a record five-year, $137.5 million contract with the 49ers in 2018, with $74 million guaranteed (unlike other professional sports leagues, NFL contracts are not fully guaran