The frightful bond-market phenomenon that saw the yield on the benchmark 10-year Treasury fall below that on the 2-year rate, triggering recession fears on Wall Street and Main Street, has reversed itself. But you may want to hold off on the Dom Perignon and party hats. A sudden steepening of the curve following an inversion
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CNBC’s Jim Cramer takes a look at the week ahead for earnings, which includes a deluge of reports on Tuesday and Wednesday. The “Mad Money” host says it’s time to revamp the FAANG group and swap one company for another tech giant. Later in the show, Cramer makes recommendations for financial stocks. Earnings overload has
French fries and a fried chicken sandwich are arranged for a photograph at a Chick-fil-A restaurant. Michael Nagle | Bloomberg | Getty Images Chick-fil-A opened its first location in the United Kingdom in early October. A little more than a week later, the British shopping center leasing the location has already said it will not
Source: Anheuser-Busch InBev In the latest escalation of the legal battle between Anheuser-Busch InBev and MillerCoors, the Bud Light brewer is accusing its rival of stealing secret recipes for its beers, including Michelob Ultra and Bud Light. MillerCoors, the U.S. subsidiary of Molson Coors, first filed a lawsuit against Anheuser-Busch in March after its rival
A Chinese flag is seen in front of containers at the Yangshan Deep-Water Port, an automated cargo wharf, in Shanghai on April 9, 2018. Johannes Eisele | AFP | Getty Images China released third-quarter GDP figures on Friday showing the economy grew 6.0% from a year ago. Analysts polled by Reuters had expected China’s third-quarter
IBM’s stock tanked after earnings and investors should not expect the situation to improve any time soon. The technology company issued weaker-than-expected revenue for the third quarter, marking the fifth-straight quarter of falling revenue. IBM shares dropped over 5% after its Wednesday earnings. The stock stayed down on Thursday and it could face more negative
Check out the companies making headlines before the bell: Morgan Stanley – Morgan Stanley reported third-quarter profit of $1.27 per share, beating estimates by 16 cents a share. Revenue also beat analysts’ forecasts. Chairman and CEO James Gorman said the quarter was a strong one despite a typical summer slowdown and volatile markets. Honeywell – Honeywell
Three of Asia’s biggest business hubs have emerged as the world’s most environmentally-friendly commuter cities. Tokyo, Beijing and Singapore topped the charts for green commuting in a new study by data insights company, Kantar. Those cities ranked especially highly due to commuters’ general tendency to use public transport or walk to work in the three
The Supreme Court denied a petition from Domino’s Pizza last week to consider whether its website must be accessible to people with disabilities. The decision not to hear the case means that other places of accommodation – including restaurants, retailers and movie theaters – could find themselves in court fighting similar allegations as both businesses
As Medicare open enrollment gets underway this week for 2020, insurers are putting on the hard press to attract new Baby Boomers aging into the program with hundreds of new plans and service options tailored to their individual medical needs. Guy Penney is turning 65 in November, and the Sacramento hairstylist says he’s been deluged
The logo of Zilingo is displayed on a window at the company’s office in Singapore. Ore Huiying | Bloomberg | Getty Images Southeast Asian fashion start-up Zilingo on Wednesday said it is launching a program in Indonesia, where it will provide microloans, vocational training and resources for women to run their own garment manufacturing businesses.
Nick Gregory, a 26-year-old manager, vapes on a JUUL at Botany Bay in Lexington, Ky. Charles Bertram | Tribune News Service | Getty Images The American Academy of Pediatrics on Tuesday slammed e-cigarette maker Juul in written congressional testimony, saying the salts it uses in its vaping devices help deliver “dramatically higher levels” of nicotine
Source: Walmart Walmart is launching a new service that will deliver groceries — and put them away in your fridge — starting in three cities Tuesday. InHome grocery delivery is a membership program that is being rolled out at an introductory price of $19.95 a month. It requires shoppers to purchase a $49.95 smart door lock
United Auto Workers members on strike picket outside General Motors’ Detroit-Hamtramck Assembly plant on Sept. 25, 2019 in Detroit. Michael Wayland / CNBC DETROIT – The United Auto Workers has summoned local union leaders to Detroit on Thursday for an update on its negotiations with General Motors. The union has traditionally done this when a
United Auto Workers members on strike picket outside General Motors’ Detroit-Hamtramck Assembly plant on Sept. 18, 2019 in Detroit. Michael Wayland / CNBC DETROIT — Wall Street remains “comfortable” with a prolonged union strike potentially costing General Motors billions as long as the ends justify the means, according to Morgan Stanley analyst Adam Jonas. “Investors
Kelvin Murray | Taxi | Getty Images Having more women in decision-making roles may boost companies’ performance on the stock market, according to Credit Suisse. In its “Gender 3000” report, published Thursday, the Credit Suisse Research Institute (CSRI) found a link between firms with more female leaders and stronger share price performance over time. Researchers
A Chinese flag is seen in front of containers at the Yangshan Deep-Water Port, an automated cargo wharf, in Shanghai on April 9, 2018. Johannes Eisele | AFP | Getty Images China‘s yuan-denominated exports fell 0.7% in September from a year ago, while imports dropped 6.2% during the same period, Reuters reported on Monday, citing
Josef Newgarden lives life in the fast lane. The Indycar driver is a two-time NTT Indycar Series champion as well as a brand ambassador for Forza Motorsports. From the age of 18, Newgarden has been investing a portion of his winnings, but admittedly, not always in the wisest way. In 2009, Newgarden bought shares in
Shares of Wendy’s tumbled last month when investors got word that the fast-food chain was jumping in the breakfast business, but CEO Todd Penegor on Friday sold his long-term case to CNBC’s Jim Cramer. Despite the more than 10% stock price decline on Sept. 10 coming off the announcement, the franchise is betting that its
Teva Pharmaceutical Industries: “Don’t own Teva.” MGM Resorts: “That is an incredibly well-run company and they have ambitions for gambling and sports that I think are spectacular.” Boot Barn: “Boot Barn is still a buy. I like the stock very much and I think you should just own it and then if it comes in