Finance

RBC Capital Markets’ Helima Croft blames the U.S.-China trade war for oil’s drop into bear market territory. According to the firm’s global head of commodity research, bullish sentiment around crude has been damaged by global growth fears sparked by tensions between Washington and Beijing. “What is the demand driver for oil? It’s China. There is

A pedestrian walks past the Federal Reserve building on Constitution Avenue in Washington, March 19, 2019. Leah Millis | Reuters Investors are getting too far ahead of themselves in expectations for the Federal Reserve to cut rates, according to a pair of top bankers at UBS and Goldman Sachs. Hopes for cheaper borrowing costs have

Tom Reilly, chief executive officer of Cloudera Inc., stands during the company’s initial public offering (IPO) on the floor of the New York Stock Exchange (NYSE) in New York. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines after the bell: Cloudera stock plummeted more than 30% after the cloud software

Campbell’s Soup products stand on a store shelf David McNew | Getty Images Check out the companies making headlines midday Wednesday: Salesforce — Shares of cloud software company Salesforce rose 3.7% on first-quarter that beat analysts’ expectations. Revenue came in at $3.74 billion, topping a Refinitiv estimate of $3.68 billion. Earnings per share totaled 93 cents,

A pedestrian walks past the Federal Reserve building on Constitution Avenue in Washington, March 19, 2019. Leah Millis | Reuters The U.S. Federal Reserve has sent a “very strong signal” that it’s ready to consider cutting interest rates, according to a former Fed governor. Sarah Bloom Raskin, who sat on the Fed board from 2010

Game Stop store in New York City. Michael Brochstein | LightRocket | Getty Images Check out the companies making headlines after the bell: Shares of Salesforce jumped nearly 3% in extended trading after the software company reported better-than-expected first-quarter earnings and strong guidance for the 2020 fiscal year. The company reported earnings of 93 cents

It might be time for investors to take Tesla for a spin. That’s according to Cornerstone Macro technical analyst Carter Worth, who sees the stock making a U-turn after hitting its lowest level in more than three years. Shares of the electric automaker have fallen 43% this year as the company has had to navigate

Traders and financial professionals work at the opening bell on the floor of the New York Stock Exchange (NYSE), June 3, 2019 in New York City. Drew Angerer | Getty Images News | Getty Images Check out the companies making headlines after the bell: Shares of Box dropped nearly 11% in extended trading after the

Warren Buffett, Chairman and CEO of Berkshire Hathaway. David A. Grogan | CNBC A cryptocurrency entrepreneur will pay millions to have lunch with one of the most notable bitcoin skeptics out there: Warren Buffett. Justin Sun, founder of cryptocurrency TRON and CEO of file-sharing company BitTorrent, had the winning bid at $4.57 million. In an

Google CEO Sundar Pichai testifies during a House Judiciary Committee hearing on Capitol Hill in Washington, DC, December 11, 2018. Saul Loeb | AFP | Getty Images Alphabet shares fell more than 3% in the premarket Monday after a report said the Justice Department is readying an antitrust investigation against Google. The probe would look

Long-time market bull Phil Orlando just cut his exposure to stocks. The Federated Investors chief equity market strategist cites President Donald Trump’s new threat to impose 5% tariffs on Mexico imports for the decision. “In light of this growing uncertainty and expanded downside risk, we opted to pull in our horns a bit this morning, and we

Wall Street bull Jeffrey Saut predicts the market will stabilize by mid-June despite growing trade tensions with China and Mexico. But first, he expects investors will have to get through a cruel couple of weeks. “Our models… are saying we ought to be chop around and flop around until mid-June,” the Capital Wealth Planning chief

Corona beer, owned by Constellation Brands. Getty Images Check out the companies making headlines midday Friday: Constellation Brands, Calavo Growers, Chipotle Mexican Grill — Shares of the Corona and Modelo beer marker fell more than 6% as investors worried tariffs on Mexican goods would increase Constellation Brands’ import costs. Calavo Growers and Chipotle, meanwhile fell

Traders work on the floor of the New York Stock Exchange (NYSE) on May 31, 2019 in New York City. Spencer Platt | Getty Images Stocks pulled back sharply last month as investors fretted over U.S. trade relations with China and Mexico and worries over global economic growth. However, drops like this one are more

Traders work on the floor at the New York Stock Exchange (NYSE) in New York. Brendan McDermid | Reuters Stocks posted their first negative month of the year as trade angst deepened, and it doesn’t get easier from here since the U.S. toughened its stance on more trading partners. Now is a good time for

Traders work on the floor at the New York Stock Exchange, May 23, 2019. Brendan McDermid | Reuters Expectations for a Fed bailout for markets and the economy rose sharply after President Donald Trump’s surprise threat to put tariffs on all Mexican goods if Mexico doesn’t do more to stop immigrants from entering the U.S.

Federal Reserve Chairman Jerome Powell holds a news conference following the two-day Federal Open Market Committee (FOMC) policy meeting in Washington, U.S., March 20, 2019. Jonathan Ernst | Reuters Federal Reserve officials speaking at a policy conference may get a lot more attention than usual in the week ahead after President Donald Trump’s latest tariff

General Joseph Dunford (L), chairman of the US Joint Chiefs of Staff, and Chief of the General Staff of the Chinese People’s Liberation Army General Fang Fenghui shake hands after signing an agreement at the Bayi Building in Beijing on August 15, 2017. Mark Schiefelbein | AFP | Getty Images In the wake of the

Shipping containers sit stacked at Qingdao Port after snow on February 14, 2019 in Qingdao, Shandong Province of China. Visual China Group | Getty Images China continued to ramp up the rhetoric against the U.S. on Friday, with a former Chinese central bank chief saying that further escalation in trade tensions between Washington and Beijing could greatly hurt

Uber CEO Dara Khosrowshahi (center) joins other employees in ringing the Opening Bell at the New York Stock Exchange (NYSE) as the ride-hailing company Uber makes its highly anticipated initial public offering (IPO) on May 10, 2019 in New York City. Spencer Platt | Getty Images News | Getty Images Check out the companies making