European stocks are set to open lower Thursday, as investors digest fresh corporate results and keep an eye on global trade developments. European Markets: FTSE, GDAXI, FCHI, IBEX Britain’s FTSE 100 was seen 17 points lower at 7,511, Germany’s DAX down 87 points at 12,250, and France’s CAC off by 27 points at 5,542, according
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Fans gather at the Netflix booth at a trade show. Mike Blake | Reuters Check out the companies making headlines after the bell: Netflix fell more than 12% in after-hours trading following the release of its second-quarter earnings. The streaming giant reported global net adds of 2.7 million — much lower than earlier stated guidance
Devin Wenig, CEO of eBay at the 2018 WEF in Davos, Switzerland. Adam Galica | CNBC EBay is moving forward with a potential sale of ticket-exchange company StubHub, sources told CNBC’s David Faber. The sources said eBay is still early in the process, but note there are “multiple” parties interested in buying StubHub. Shares of
European stocks are set to start Wednesday’s session in the red, as comments from President Donald Trump reignited fears over trade. European Markets: FTSE, GDAXI, FCHI, IBEX Britain’s FTSE 100 was seen falling 15 points at 7,558, Germany’s DAX down 14 points at 12,411, and France’s CAC off by 10 points at 5,602, according to
A man enters the Wall Street subway station near the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines after the bell: United Airlines ticked up in after-hours trading after the company’s second-quarter earnings surpassed Wall Street’s expectations and showed profit up more than 50% from a year
One of Wall Street’s leading authorities on Asia believes China is in no rush to cut a trade deal with the United States. Despite China’s worst quarterly growth number in 27 years, Yale University senior fellow Stephen Roach contends its economy isn’t as bad as the latest figure implies. “I was in China last week,
European stocks are set to begin Tuesday’s session mixed as traders monitor a slew of earnings reports. European Markets: FTSE, GDAXI, FCHI, IBEX Britain’s FTSE 100 is seen 12 points lower at 7,529, Germany’s DAX up just 3 points at 12,399, and France’s CAC down 9 points at 5,575, according IG index data. Market players
The depressed valuations for banks and other financial firms mean “this is the time” for acquisitions and mergers in the industry, a former CEO of Wells Fargo said Monday. “Anytime you have high regulations in any industry, you get concentration, and banks are cheap,” Richard Kovacevich said on CNBC’s “Closing Bell. ” “So if you’re
The “Options Action” traders share three options trading strategies to kick off the week. Dan Nathan broke down a call calendar in Netflix. Mike Khouw illustrated call buying in the Energy ETF. Mike Khouw and Guy Adami teamed up to look at a call spread risk reversal in Twitter. Disclosure Trader disclosure: Dan is Long EA
European stocks are set to rise Monday, despite worries China’s economy is slowing amid a trade war with the U.S. European Markets: FTSE, GDAXI, FCHI, IBEX Britain’s FTSE 100 is seen climbing 6 points to 7,505, Germany’s DAX is set to rise 36 points to 12,351, and France’s CAC is expected to open 12 points
Even if the Federal Reserve cuts rates later this month, Wilmington Trust’s Meghan Shue warns the market is vulnerable to a correction. The firm’s senior investment strategist believes Wall Street is overestimating the Federal Reserve’s influence to support the record highs. “The market is putting a lot of stake in the ability of the Fed
Check out the companies making headlines in the premarket: Illumina — Shares of the biotechnology company dropped 15% after Illumina reported preliminary revenue figures that disappointed investors. The company sees second-quarter sales coming in around $835 million. Analysts polled by Refinitiv expected revenue of $887.9 million. Zoom Video Communications, Slack Technologies — Zoom and Slack
The Walt Disney Company CEO, Robert Iger arrives for the World premiere of Marvel Studios’ ‘Avengers: Endgame’ at the Los Angeles Convention Center on April 22, 2019 in Los Angeles. VALERIE MACON | AFP | Getty Images Disney is set to renew its multiyear carriage agreement with Charter, the second-largest U.S. pay TV provider, at
An earnings season that delivers will play an integral role in whether the market can maintain all-time highs, according to Crossmark Global Investments’ Victoria Fernandez. The chief market strategist believes Wall Street is completely discounting second earnings expectations right now, and that leaves little room for disappointments when the season kicks off this Monday. “Earnings
Longtime market bull Edward Yardeni suggests President Donald Trump is manipulating the Federal Reserve into cutting interest rates. In a recent research note, he wrote that Fed Chairman Jerome Powell is essentially getting “Trumped.” Yardeni contends the president is creating a contentious situation for the Fed by creating uneasiness around U.S. trade policy. According to
Geoffrey Berman, United States Attorney for the Southern District of New York, points to a photograph of Jeffrey Epstein as he announces the financier’s charges of sex trafficking of minors and conspiracy to commit sex trafficking of minors, in New York, U.S., July 8, 2019. Shannon Stapleton | Reuters Wealthy financier and accused child sex
Check out the companies making headlines in midday trading: Johnson & Johnson — Shares of the pharmaceutical and consumer goods company fell 4% after Bloomberg News reported that the U.S. Justice Department is launching a criminal investigation into whether or not the company lied to the public about potential cancer risks in its talcum baby
The “Fast Money ” traders shared their first moves for the market open. Pete Najarian was a buyer of Delta Air Lines. Tim Seymour was a buyer of Alphabet. Karen Finerman was a buyer of JPMorgan. Dan Nathan was a buyer of UnitedHealth. Guy Adami was a buyer of Square. Disclosure Trader disclosure: Pete is long
The U.S. flag flies at a welcoming ceremony between Chinese President Xi Jinping and U.S. President Donald Trump in 2017. Getty Images News | Getty Images A Koch Industries executive was prevented from leaving the immediate vicinity of his hotel in southern China in early June, The New York Times reported Thursday, citing three sources.
Traders work the floor of the NYSE. Brendan McDermid | Reuters Another day, another market milestone. The Dow Jones Industrial Average surged above 27,000 for the first time ever on Thursday, just a day after the S&P 500 topped 3,000. Here’s a look at the stocks that drove the last 1,000 points. It took the