European stocks are set to open lower on Wednesday after Iran fired rockets on Iraqi airbases housing U.S. troops. Britain’s FTSE 100 is seen falling 26 points to 7,544, Germany’s CAC dropping 96 points to 13,133 and France’s CAC slumping 31 points to 5,990, according to IG index data. Tehran retaliated to Washington’s killing of
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Jeffrey Gundlach speaking at the 2019 SOHN Conference in New York on May 6th, 2019. Adam Jeffery | CNBC DoubleLine CEO Jeffrey Gundlach said the financial markets might have to brace for a Bernie Sanders scare in 2020. The so-called bond king believes the independent senator from Vermont is the odds-on favorite to win the
A flag flies outside the Citigroup building in the Long Island City neighborhood of Queens, New York. Daniel Acker | Bloomberg | Getty Images Citigroup is making David Chubak its new head of U.S. retail banking at a critical time for the third-largest U.S. bank. Chubak, who held largely strategic roles across the New York-based
Institutional Investor hall of famer Richard Bernstein is concerned renewed Mideast tensions will put the world’s central banks in a painful spot. The CEO and CIO of Richard Bernstein Advisors said any more hostilities could derail their easy-money policies and spark economic troubles — particularly in the United States where a late-cycle bull market is
Farmer walks through his soy fields in Harvard, Illinois. Nova Safo | AFP | Getty Images China remains vague on how much the country will increase purchases of U.S. farm goods, considered a critical part of a trade agreement with Washington. Han Jun, vice minister of agriculture and rural affairs, confirmed to Chinese financial news
Traders on the floor of the New York Stock Exchange. Brendan McDermid | Reuters Escalated geopolitical tensions swooped in and spoiled the market’s party in the new year, and Wall Street analysts warned the sell-off might be just beginning. After a historic run in 2019 and a strong first day of 2020, the S&P 500
Check out the companies making headlines before the bell: Cal-Maine Foods (CALM) – The nation’s largest egg producer posted a quarterly loss of 21 cents per share, compared to consensus estimates of a 3 cents per share profit. Revenue also missed estimates, due in large measure to what the company calls challenging market conditions. Exxon
Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters 1. Wall Street’s 2019 rally set to continue in 2020 U.S. stock futures pointed to a strong start to the first trading session of 2020 as Wall Street carried its momentum from 2019. As of 7:50 a.m. ET, Dow Jones
Interest rates should stay where they are as long as inflation remains tame, Chicago Federal Reserve President Charles Evans said Friday. “We really need to keep our eye on inflation,” the central bank official said. “And unless it starts to go up to something that is consistent with our 2% symmetric inflation objective, I think
A worker walks at the Nahr Bin Umar field, Iraq. Essam Al-Sudani | Reuters The latest flare-up in U.S.-Iran relations could bring about the end of the longest bull market ever if crude prices keep surging, slowing an already fragile global economy even further. But investors cautioned we’re not yet at that point. The last
Nathan Chittenden carries a newborn calf at Dutch Hollow Farm in Schodack Landing, New York. “The last five years have been extremely rough for us dairy farmers,” he told CNBC. Emma Newburger / CNBC SCHODACK, N.Y. — Nathan Chittenden carefully slung a newborn calf over his shoulders and marched her over to his dairy barn
Dallas Federal Reserve President Robert Kaplan said he’s comfortable with where interest rates are but thinks the central bank needs to talk this year about the size of its balance sheet. In an interview Friday with CNBC’s Steve Liesman, Kaplan said economic growth is likely to grow in excess of 2% this year while inflation
The Federal Reserve’s policy making body heads into 2020 with a new complexion that, at least on its surface, seems committed to keeping interest rates low for the foreseeable future. In an annual rotation of voting members on the Federal Open Market Committee, Fed presidents Eric Rosengren of Boston and Kansas City’s Esther George head
Traders work on the floor of the NYSE. Brendan McDermid | Reuters Safe-haven assets rallied in unison on Friday after the U.S. killing of a top Iranian general in Iraq sparked a broad flight to safety move on fears of a broader conflict that disrupts energy production and drags down the global economy. Gold rose
The logo for Google Pay displayed on a phone screen. Jakub Porzycki | NurPhoto via Getty Images Big Tech may want to get into banking this year, but it doesn’t want to be your bank. Google plans to introduce consumer bank accounts later this year in collaboration with Citibank and a California-based credit union. The
A new report suggests the record stock market highs are on borrowed time. According to Moody’s Analytics chief economist Mark Zandi’s 2020 outlook, the backdrop is showing signs of cracks. Zandi gave CNBC an exclusive first look at his economic forecast ahead of its official release. “All of the pillars of the stock market look
Warren Buffett (L) and Berkshire-Hathaway partner Charlie Munger Eric Francis | Getty Images Warren Buffett may have a giant cash pile to burn but that doesn’t necessarily mean he will compromise his long-standing value investing principles. Over the past few months, the Oracle of Omaha has passed on different opportunities to acquire companies, big or
The “Fast Money” traders shared their first moves for the market open. Steve Grasso was a buyer of Microsoft. Steve Chiavarone was a buyer of the Russell 1000 Value ETF. Dan Nathan was a buyer of Goldman Sachs. Guy Adami was a buyer of Blackstone. Disclosure Trader disclosure: Steve Grasso is long AAPL, ACB, BHC, CAR,
Beauty blogger Austin Li Jiaqi speaks with a dog on his lap while livestreaming on the e-commerce platform Taobao on October 26, 2018 in Shanghai, China. The 27-year-old Li, nicknamed “Lipstick Brother,” is the hottest online beauty blogger in China. VCG | Getty Images BEIJING — In five minutes this past November, Chinese livestreamer “Xin
Stocks are on pace to log their best year of gains since 2013, and if history serves as a guide, the bullish momentum should continue through the next 12 months. Michael Nagle | Bloomberg | Getty Images Stocks surged in 2019, with the S&P 500 jumping about 29%, logging 35 record closes as market sentiment