Tim Cook, chief executive officer of Apple, and Eddy Cue, senior vice president of Internet Software and Services at Apple, attend the annual Allen & Company Sun Valley Conference, July 10, 2019 in Sun Valley, Idaho. Drew Angerer | Getty Images News | Getty Images Apple plans to borrow in the bond market for the
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James Smith of Elliptic speaks at an event in New York City. John Lamparski | WireImage | Getty Images When Hamas was trying to raise bitcoin by funneling it through a number of digital wallets, one start-up was able to see what was going on and warn its customers. Based in London, Elliptic sells blockchain
There’s little evidence to suggest that money is being moved out of Hong Kong amid ongoing unrest in the city that has lasted for months, according to two top executives. “I can say to you that we’re seeing very little panic, that we’re seeing very little evidence of flight,” John Woods, Asia Pacific chief investment
A trader wipes his eyes as he watches stock prices at the New York Stock Exchange in New York. Don Emmert | AFP | Getty Images Stocks could be in for a rough time in September if history is any indication. The Dow Jones Industrial Average has averaged a loss of 0.75% in September over
A bad August for the markets may usher in an even worst September based on seasonal trends. But long-time bull Jim Paulsen is positioning for a breakout by year’s end because he believes dread is oversaturating the market. “We almost have a fear bubble. That’s our primary thing that sits out there for me,” the
Traders and financial professionals work on the floor of the New York Stock Exchange. Drew Angerer | Getty Images Whether or not the U.S. is going into a recession is on the minds of Americans everywhere. Google searches show recession fears have spiked exponentially since the end of July, when the Federal Reserve cut interest
Stocks are sending a sell signal. So says widely followed strategist Sven Henrich, founder and lead market strategist at NorthmanTrader, who told CNBC’s “Fast Money” on Thursday that one S&P 500 chart is showing the market heading for a major drop. Many market watchers have taken notice of the technical “megaphone” pattern the S&P has
A cargo ship holds shipping containers as other containers sit at the Port of Los Angeles, the nation’s busiest container port, in September 2018. Mario Tama | Getty Images News | Getty Images BEIJING — China is moving slowly in the implementation of retaliatory tariffs as trade tensions with the U.S. escalate. The Chinese government
A customer uses an automated teller machine in Singapore. Nicky Loh | Bloomberg | Getty Images Singapore is about to shake up its banking sector for the first time in two decades — a move that would allow technology players and non-banking companies to challenge traditional lenders. The disruption could be a win-win situation for
Employees work on the production line of solar panel at Risen Energy Co., Ltd on February 21, 2019 in Ningbo, Zhejiang Province of China. Zhejiang Daily | Visual China Group | Getty Images President Trump rattled Wall Street when he demanded U.S. firms move production out of China. But many have already taken steps to
Check out the companies making headlines before the bell: Campbell Soup – Campbell Soup reported adjusted quarterly profit of 49 cents per share, 8 cents above estimates, with organic sales up 2%. Revenue did come in below Wall Street forecasts, but Campbell said it has built a solid foundation on which to improve its results
The “Fast Money ” traders shared their first moves for the market open. Steve Grasso was a buyer of Trinseo. Savita Subramanian was a buyer of the Financial sector. Dan Nathan was a buyer of Microsoft. Guy Adami was a buyer of CBS. Disclosure Trader disclosure: Steve Grasso is long stock AAPL, BHC, CAR, EVGN, GE,
President Donald Trump meets business leaders at the Great Hall of the People in Beijing, China, in November, 2017. Jonathan Ernst | Reuters Barring an unlikely agreement or a presidential tweet, it will soon be 15% more expensive for U.S. companies to import everything from milk to diapers to sports equipment from China. Tariffs on
Traders work on the floor of the New York Stock Exchange on August 14, 2019 Spencer Platt | Getty Images Stock pickers are heavily invested in bank stocks, and it hasn’t been working out well for them. Mutual funds are most overweight in financials across all sectors, according to a Goldman Sachs analysis of 597
Stock market investors may be glad to see August go, but September might not be any better, unless there are some positive developments in the trade war. Markets enter September, anticipating a Federal Reserve rate cut mid-month and worrying the chilling in the global economy will reach the U.S. There appears to be no progress
Trader Peter Tuchman works on the floor of the New York Stock Exchange, (NYSE) as the Dow Jones Industrial Average crosses 24,000, in New York, U.S., November 30, 2017. Brendan McDermid | Reuters Check out the companies making headlines midday Friday: Campbell Soup — Shares of Campbell Soup soared more than 8% on Friday after
Former New York Fed President Bill Dudley‘s push for the central bank to consider the 2020 election when crafting monetary policy is “grossly irresponsible” behavior, economist Larry Summers told CNBC on Thursday. Dudley, in a Wednesday post on Bloomberg, suggested the Federal Reserve could, and should, try to sway the election against President Donald Trump.
Pedestrians pass in front of an Ulta Beauty store in New York. Gabby Jones | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of Ulta nosedived 21% after the company lowered its guidance and missed earnings estimates. The beauty company lowered its revenue growth guidance to 9%-12%, compared to
A trader gestures while working on the floor of the New York Stock Exchange (NYSE) in New York. Scott Eells | Bloomberg | Getty Images Check out the companies making headlines midday Thursday: Boeing, Caterpillar, Deere — Shares of the trade bellwethers rose after the Chinese Ministry of Commerce hinted that China will not escalate
Italian Prime Minister Giuseppe Conte gestures as he delivers a speech at the Italian Senate, in Rome, on August 20, 2019, as the country faces a political crisis. Andreas Solaro | AFP | Getty Images Italian Prime Minister Giuseppe Conte was given a mandate to form a new government Thursday, as the opposition Democratic Party