A phrase often used by American market commentators over the years is “don’t kill the goose that lays the golden eggs” and while no one has slaughtered global markets yet, feathers have been sharply plucked. If our bird is the markets, then the trade war is the latest cause of stress and not everyone believes
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LaCroix sparkling water is displayed on a shelf at a Safeway store on March 08, 2019 in San Anselmo, California. Justin Sullivan | Getty Images Shares of National Beverage, the owner of the LaCroix sparkling water brand, fell to their lowest price since 2016 Tuesday following news of a lawsuit alleging its president considered falsely
Ethan Brown, founder and CEO of Beyond Meat, prepares to ring the opening bell to celebrate his company’s IPO at the Nasdaq Market site in New York, May 2, 2019. Brendan McDermid | Reuters J.P. Morgan downgraded Beyond Meat on Tuesday, after the company’s stock has surged 600% from its initial public offering price of
CNBC’s Jim Cramer said Monday that the old “sell in May and go away” investment adage does not fit in 2019. “More like ‘sell in May and miss the miraculous Fed-induced rally,’ the best move of the year,” the “Mad Money” host said. “You shouldn’t make financial decisions based on a rhyming couplet. … That’s
A patient enters a new Knox medical marijuana dispensary on April 16, 2019 in Casselberry, Florida. Paul Hennessy | NurPhoto | Getty Images More Americans are turning to marijuana to treat health issues, but if you think legalizing medical weed will shrink the number of opioid-related deaths in the United States, think again. Lawmakers and
Source: Tableau Software Salesforce.com said on Monday it would buy data analytics platform Tableau Software in an all-stock deal valued at $15.7 billion. Tableau shareholders will get 1.103 Salesforce shares, valuing the offer at $177.88 per share, which represents a premium of 42% to Tableau’s Friday closing price. Shares of Tableau soared more than 30%
A man cleans a PW1000G geared turbofan engine developed by MTU Aero Engines AG and Pratt & Whitney, a unit of United Technologies Corp., at the Singapore Airshow held at the Changi Exhibition Centre in Singapore, on Monday, Feb. 10, 2014. Bloomberg | Brent Lewin Raytheon and United Technologies on Sunday announced they would merge
Sundar Pichai, chief executive officer of Google, is sworn in during a House Judiciary Committee hearing in Washington, D.C., U.S., on Tuesday, Dec. 11, 2018. Andrew Harrer | Bloomberg | Getty Images As the biggest U.S. technology companies face increasing scrutiny from regulators related to privacy practices and market control, they’re spending a lot more
CNBC’s Jim Cramer on Friday ranked what he thinks are the top video subscription services. The list includes established names, such as Netflix, and looming entrants, such as Disney, to the space. “With so many media companies launching their own subscription streaming services, we need to start thinking about winners and losers here,” the “Mad
CNBC’s Jim Cramer on Friday applauded the quarterly results that Beyond Meat and Zoom Video — two stocks he has been skeptical about — posted Thursday as “things of beauty.” The newly-public companies saw their stocks rally by double-digits after beating Wall Street expectations in their first earnings reports since their recent IPOs. Zoom spiked
Sending everyday people to space has been a dream since the days of the Apollo missions but space travel has long been out of reach for all but a select few humans in history. However, space tourism is slowly coming closer to reality, with companies like Richard Branson’s Virgin Galactic and Jeff Bezos’ Blue Origin
Tesla: I’m not gonna go buy or sell on Tesla. Why is that? Because it’s just too darn hard and you know what, you don’t need to have an answer to everything. “ Americold Realty Trust: “It’s good. That’s a good story and I like it and I think you should stick with it.” PayPal:
CNBC’s Jim Cramer, when asked about Continental Resources, told a viewer that he has turned sour on fossil fuel stocks. “I don’t like the fossil fuel stocks. I don’t like the ones that don’t have dividends, even the ones with dividends aren’t doing that well,” the “Mad Money” host said. “I’m taking a hard pass.”
A customer of the medical marijuana dispensary Takoma Wellness Center in Takoma Park, is shown inventory, August 30, 2016. Tom Williams | CQ-Roll Call Group | Getty Images Marijuana use among seniors in the U.S. rose tenfold over a decade as more baby boomers use it to treat a range of ailments, including pain, anxiety
Shipping containers from China and other nations are unloaded at the Long Beach Port in Los Angeles, on February 16, 2019. Mark Ralston | AFP | Getty Images Countries need to cooperate to overcome their differences instead of resorting to retaliatory measures that hurt global growth, an international trade expert told CNBC on Friday. “The
Packages of Beyond Meat plant-based burger patties are displayed for a photograph in Tiskilwa, Illinois, April 23, 2019. Daniel Acker | Bloomberg | Getty Images As rival Impossible Foods deals with supply shortages of its plant-based burgers, Beyond Meat said Thursday that it has the capacity to take on any restaurant chain. “I don’t see
Former UN Secretary General Ban Ki-Moon. Thomas Trutschel | Photothek | Getty Images A lack of political will is holding the world back from achieving international climate goals, Ban Ki-moon, the former United Nations secretary general, said Thursday. Ban said he is “deeply concerned” by the 2017 decision of President Donald Trump’s administration to pull
Arnott’s brand crackers at a convenience store. Jeff Greenberg | Universal Images Group | Getty Images Mondelez‘s efforts to buy Campbell Soup‘s iconic Australian Arnott’s biscuit brand have ended, people familiar with the matter told CNBC. The two had been in a stalemate over price, CNBC previously reported. Mondelez had submitted a final offer for Campbell’s
HP Acthar made by Mallinckrodt Pharmaceuticals is an anti-inflamatory medicine used by multiple sclerosis patients. Source: Mallinckrodt Pharmaceuticals Pharmaceutical company Mallinckrodt said Wednesday it reached a tentative deal with the U.S. Justice Department to settle a drug bribery probe into Questcor Pharmaceuticals, which it acquired in 2014. This story is developing. Check back for updates.
European stocks are expected to start Wednesday’s session on a slightly upbeat note, after Wall Street delivered its second best day of 2019 trading overnight. Ahead of the open, the FTSE 100 pointed to a rise of 4 points at 7,223, while Germany’s DAX popped 13 points at 11,996 and France’s CAC 40 indicated an