Consumer confidence dipped for a fourth straight month in November as economic conditions weaken toward the end of 2019, data released Tuesday by The Conference Board shows. The Board’s consumer confidence index dipped to 125.5 this month. That’s down from 126.1 in October. Economists polled by Dow Jones expected the index to rise to 126.6.
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Chinese President Xi Jinping and President Donald Trump at the G-20 Summit in Osaka on June 29, 2019. Brendan Smialowsi | AFP | Getty Images The leaders of the U.S.-China trade negotiations held another phone call on Tuesday morning, China’s Ministry of Commerce said in an online statement. “Both sides discussed resolving core issues of
The small cap Russell 2000 index jumped to a fresh 52-week high Monday, signaling small stocks may be set up for a breakout that could help lift the entire market. The Russell 2000 closed at 1,621.90, a 2% gain, and the highest close since Oct. 9, 2018. The S&P 500, Dow and Nasdaq, which had
Check out the companies making headlines before the bell: TD Ameritrade – Charles Schwab will buy its rival discount broker in a $26 billion all-stock deal, with TD Ameritrade shareholders receiving 1.0837 Schwab shares for each share they now hold. Tiffany – Tiffany agreed to be bought by France’s LVMH for $16.2 billion or $135
European markets are seen opening higher on Monday, with investors hopeful of progress in the U.S.-China trade dispute. Britain’s FTSE 100 is set to climb 24 points at the open to 7,350, Germany’s DAX is seen 74 points higher at 13,234 and France’s CAC is expected to open up 29 points at 5,915, according to
A top Wall Street economist is lowering his recession forecast. But Barclays’ Michael Gapen warns it’s too early to give the U.S. economy the all-clear. “We do need to get over some of these hurdles that are a problem for business-sector spending of which is both U.S.-China trade concerns as well as things like Brexit
Nathalie Salman | Getty Images Goldman Sachs strategists expect a “baby bear” market in bonds next year, with a mild move higher in interest rates due to a better economy, subdued global inflation and the lack of central bank policy easing. In a sweeping outlook for 2020, the firm’s strategists say they do not expect
CHICAGO – NOVEMBER 21: Nordstrom signage is visible at its store November 21, 2003 in Chicago. Nordstrom, Inc. reported net earnings of $45.5 million, or $0.33 per diluted share, for the third quarter of 2003, which ended November 1, 2003. For the same period last year, net earnings and earnings per diluted share were $18.4
(This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click here.) This month has become a sideways “slowvember” slide in recent weeks, with stocks remarkably steady near record highs, as investors are again left to wonder if the tape is resting or rolling
Shoppers pack an aisle during a Black Friday sale at a Target store, Friday, Nov. 23, 2018, in Newport, Ky. John Minchillo | AP (This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, .) As customers gear up for the biggest shopping days
US President Donald Trump shows a letter from Chinese President Xi Jinping as he announces an initial trade deal with China at the Oval Office of the White House in Washington, DC on October 11, 2019. Nicholas Kamm | AFP | Getty Images Here are the most important things to know about Monday before you
Santa Claus waves to the crowd during the Macy’s Thanksgiving Day Parade in New York City. Getty Images It’s Thanksgiving time, and investors’ thoughts turn to holiday shopping and a year end Santa rally in the stock market. Some analysts think both could be pretty good this year. While Black Friday has probably lost some
Ray Dalio at the 2018 WEF in Davos, Switzerland on Jan. 23rd, 2018. Adam Galica | CNBC The largest hedge fund in the world has reportedly staked more than $1 billion that global equity markets will fall over the next three months. The wager placed by Bridgewater Associates would pay off for the firm if
Fosun International still sees growth in China and is “confident in the Chinese market,” Thomas Xue, CFO of the Chinese conglomerate, told CNBC’s Sri Jegarajah on Thursday. “China is slowing down a little bit, but (it is) still one of the fastest growth economy,” Xue said, reiterating his confidence in the Chinese market. “The population
Janet Yellen Scott Mlyn | CNBC NEW YORK — Pronounced wealth inequality that has built up for decades poses a major threat to a U.S. economy that is in otherwise “excellent” shape, former Federal Reserve Chair Janet Yellen said Thursday. The central bank leader from 2014-18 also said the U.S.-China tariff war is having a
Louis Bacon, founder and CEO of Moore Capital Management Amanda Gordon | Bloomberg | Getty Images Longtime trader and hedge fund manager Louis Bacon is reportedly planning to shutter his firm and return capital to investors after 30 years of investment. The impending end of Moore Capital will mark one of the industry’s most prominent
Brent Lewin | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of Tiffany & Co. jumped 4% during extended trading after a Reuters report that French luxury goods maker LVMH raised its bid from $120 per share to approximately $130 per share, according to people familiar with the matter.
Strategists say there’s still a chance for a phase one trade deal between the U.S. and China, even as the stock market sold off on skepticism the two nations could come together. The bond market had already been reflecting sinking prospects for a deal as yields fell in recent sessions. The Dow Jones Industrial Average
J.P. Morgan’s Jason Hunter believes stocks are overvalued, but he’s telling investors not to sell. The firm’s head of global fixed income and U.S. equity technical strategy believes the end isn’t near for the historic rally partly because investors aren’t done repositioning following this summer’s recession scare. “We have a bullish view on the S&P
The Alibaba Group Holdings Ltd. headquarters stand illuminated at night ahead of the annual November 11 Singles’ Day online shopping event in Hangzhou, China, on Sunday, Nov. 10, 2019. Qilai Shen | Bloomberg | Getty Images Alibaba has set a likely price for shares for institutional investors in its upcoming Hong Kong listing, a source with