Finance

A trader works ahead of the closing bell on the floor of the New York Stock Exchange, June 19, 2019 in New York City. Drew Angerer | Getty Images Government policy uncertainty and a poor earnings outlook will keep the stock market from rallying any further this year, according to Goldman Sachs. Low interest rates

Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters A truce between the U.S. and China has convinced Barclays that a market “mini bubble” is looming. With the G-20 outcome fueling optimism for an eventual trade deal, the stage is almost set for a market “melt-up” as Barclays now

Ten years into the recovery, the economy’s ability to create new jobs may be slowing both because the U.S. is running out of workers, and also because the trade war may be worrying employers. Economists expect to see 165,000 jobs were added in June, after a stunningly low 75,000 payrolls added in May, according to

Economist, Art Laffer is pictured in Washington, DC on Sunday, March 8, 2015. Sarah L Voisin | The Washington Post | Getty Images President Donald Trump‘s newest picks for the Federal Reserve board should easily gain Senate approval, economist Art Laffer told CNBC’s “Closing Bell ” on Wednesday. “I don’t see why there should be

Pedestrians walk past automated teller machines (ATM) at a United Overseas Bank Ltd. (UOB) branch in the central business district (CBD) of Singapore. Ore Huiying | Bloomberg | Getty Images Singapore’s decision to issue new digital bank licenses to non-banking companies will adversely affect smaller banks in the sector, said ratings agency Moody’s. Last week,

A visitor exits Symantec headquarters in Mountain View, Calif., Aug. 24, 2010. Tony Avelar | Bloomberg | Getty Images Symantec shares surged more than 20% in extended trading on Tuesday after Bloomberg reported that Broadcom is in advanced talks to acquire the security software vendor. Symantec has been plagued in recent years by management turmoil

Drivers should pay about a dime less per gallon for gasoline over the Fourth of July holiday than last year, even with a major refinery outage and new taxes in about a dozen states. A record 41.4 million people are expected to travel on the nation’s roadways over the long holiday weekend, an increase of

Chinese Premier Li Keqiang addresses a press conference on Nov. 28, 2017. Attila Kisbenedek | AFP | Getty Images DALIAN — Chinese Premier Li Keqiang on Tuesday pledged to an assembly of global business leaders and government representatives that Beijing will push to create an equal playing field in the country for all companies. As

Getty Images Check out the companies making headlines in midday trading: Chip stocks— Shares of chipmaker stocks rose broadly after President Donald Trump and Chinese President Xi Jinping agreed not to impose new tariffs on U.S. and Chinese goods and Trump said China will ease its ban on American companies selling products to Huawei. Skyworks rose 6%,

James Dolan, President and CEO of Cablevision. Matthew Stave | Bloomberg | Getty Images New York Knicks James Dolan has never made the team his number-one priority, much to the chagrin of the NBA team’s exasperated fan base. But many Knicks fans may not know that Dolan’s latest passion project involves futuristic, dome-shaped arenas with

People pass a sign for JPMorgan Chase at it’s headquarters in Manhattan, New York City. Spencer Platt | Getty Images Check out the companies making headlines midday Friday: J.P. Morgan Chase, Goldman Sachs, Citigroup — Shares surged more than 2% after the Federal Reserve said all major U.S.-based banks passed the central bank’s annual stress

While Wall Street focuses on U.S.-China trade war dangers, Medley Global Advisors’ Ben Emons sees two risks making a comeback. The way the world’s affairs are shaping up, he warns Brexit fallout and the threat of U.S. tariffs on European cars could sneak up on investors in year’s second half — which kicks off Monday.

President Donald Trump has railed repeatedly about the Federal Reserve’s “quantitative tightening” and the impact it has had on economic growth during his administration. The program will be over soon, which may not bring as much relief as Trump thinks. One reason the president may not want to get his hopes up too much is

A man walks past Deutsche Bank offices. Luke MacGregor | Reuters Deutsche Bank is considering cutting 15,000 to 20,000 jobs, or more than one in six full-time positions globally, the Wall Street Journal reported on Friday, citing people familiar with the discussions. The layoffs would probably take place over more than a year and would

David Marcus, vice president of messaging products for Facebook Inc., speaks during a Bloomberg Television interview on the sidelines of the Wall Street Journal D.Live global technology conference in Laguna Beach, California, U.S., on Wednesday, Oct. 18, 2017. Patrick T. Fallon | Bloomberg | Getty Images David Marcus, the Facebook exec who helped hatch its Libra

Traders work on the floor at the New York Stock Exchange, May 23, 2019. Brendan McDermid | Reuters It’s no secret that machines are taking up a bigger and bigger share of investing, but the extent of their influence is approaching shocking proportions. It is as high as 80%, according to one major investing firm.

Charles Ergen Andrew Harrer | Bloomberg | Getty Images Dish co-founder Charlie Ergen is back in wireless acquisition talks after several failures over the last six years. But this time, if Ergen can convince Deutsche Telekom, U.S. regulators and a group of state attorneys general that his company can be a knight in shining armor, he

Pedestrians pass in front of the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images Wall Street wrapped up a roaring June and first half of the year as investors cheered the prospects of easier monetary policy from the Federal Reserve and awaited clarity on U.S.-China trade relations. The Dow Jones Industrial Average

Founder and CEO of the RealReal Julie Wainwright speaks onstage during Vanity Fair’s Founders Fair at the 1 Hotel Brooklyn Bridge on April 20, 2017 in Brooklyn, New York. Andrew Toth | Getty Images Entertainment | Getty Images Shares of secondhand online luxury site The RealReal jumped almost 50% in the company’s first minutes of

The Middle East and Africa have seen many changes in terms of digital transformation, but there’s still “huge upside,” and financial technology firms are looking for opportunities there, according to a financial services regulator in the region. “Compared to a few years ago, now, we have a very vibrant marketplace,” said Richard Teng, chief executive