President Donald Trump holds a campaign rally in Dallas, October 17, 2019. Jonathan Ernst | Reuters Progress in trade talks and a steady, but accomodative Fed policy have eased the way for the stock market’s rally to new highs, and both will be in the forefront when President Donald Trump and Jerome Powell speak at
Finance
Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters Value stocks, those with stable fundamentals and subpar valuations, haven’t been this cheap since the financial crisis, according to Bank of America. Cheap equities enjoyed a resurgence in September from a decade of underperformance as investors bet on economically sensitive,
A child receives a vaccination shot at a hospital in Huaibei in China’s eastern Anhui province on July 26, 2018. – | AFP | Getty Images SHANGHAI – Some of the world’s largest medical and health care companies are stepping up their bets on the Chinese market, regardless of slowing economic growth and trade tensions.
Traders work at the New York Stock Exchange on October 2, 2019. Johannes Eisele | AFP | Getty Images This week, the Securities Industry and Financial Markets Association (SIFMA) held the fifth in a series of exercises meant to simulate a catastrophic cybersecurity event in the banking sector, known as “Quantum Dawn.” The exercise offers
Wells Fargo Securities’ Christopher Harvey is looking for a signal that it’s time to take risk off the table, and he expects it’ll come sooner rather than later. The firm’s head of equity strategy is worried market sentiment is becoming too optimistic as stocks trade near all-time highs. “We kinda hate this market,” Harvey told
Netflix has built itself into a $125 billion company by accumulating global subscribers — a number that hit 164 million when the company announced third-quarter results last month. But CEO Reed Hastings said Wednesday that subscriber counts aren’t the right metric to track who’s winning the streaming wars — what’s really important is how viewers
Gotham | GC Images | Getty Images NEW YORK — If it weren’t for the industrious work ethic of the Kardashians, rapper Kanye West may have been content to squander his days as “the greatest artist in human existence.” West — donning a cobalt blue hoodie among a sea of Wall Street suits — said
Check out the companies making headlines before the bell: Capri Holdings – The Michael Kors parent earned an adjusted $1.16 per share, falling 8 cents a share short of estimates. Revenue was essentially in line with expectations. The company pointed to the impact of higher expenses and the protests in Hong Kong. CVS Health –
A visitor holds illuminated controllers while wearing a prototype of the Sony Project Morpheus virtual reality gaming headset at the IFA tech show in Berlin, Germany, on Sept. 3. Chris Ratcliffe | Bloomberg | Getty Images LISBON, Portugal — Europe’s technology industry is thriving and showing signs that it can compete with the U.S., the
Jamie Dimon is wading into the ongoing feud between Sen. Elizabeth Warren and American billionaires including money manager Leon Cooperman. Dimon, himself a billionaire thanks to his decades running some of the biggest U.S. lenders, was asked by CNBC’s Wilfred Frost if presidential hopeful Warren was anti-business. “You really have to ask her what she
Check out the companies making headlines before the bell: – The company formerly known as Coach for its latest quarter, 3 cents a share above estimates. Revenue was slightly below forecasts, but comparable-store sales were stronger than analysts had been forecast. – The drugmaker reported quarterly profit of $6.67 per share, 31 cents a share
China’s President Xi Jinping delivers a speech during the opening of the Boao Forum for Asia (BFA) Annual Conference 2018 in Boao, south China’s Hainan province on April 10, 2018. AFP | Getty Images SHANGHAI — Chinese President Xi Jinping was expected to speak Tuesday at the opening ceremony of the second China International Import
The Under Armour logo is displayed at T & B Sports in San Rafael, California. Getty Images Check out the companies making headlines midday Monday: Under Armour — Under Armour shares cratered more than 15% after the apparel maker disclosed a federal probe into its accounting practices. The investigation has been ongoing since July 2017.
Check out the companies making headlines before the bell: McDonald’s – McDonald’s fired CEO Steve Easterbrook after determining that a consensual relationship with an employee violated company policy. He’ll be replaced by McDonald’s USA President Chris Kempczinski. Under Armour – Under Armour said it is the subject of a U.S. accounting probe, confirming an earlier
J.P. Morgan says foreign exchange deposits into Singapore’s banks have ramped up “quite sharply” in recent months. It comes amid growing unrest in Hong Kong which has reportedly driven investors and companies to move their money elsewhere. Singapore has been said to be a direct beneficiary of the unrest in Hong Kong, with some bankers
The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of Disney. Karen Finerman was a buyer of Target. Brian Kelly was a buyer of the Gold Miners ETF. Dan Nathan was a buyer of the 20+ Year Treasury Bond ETF. Disclosure Trader disclosure: Brian Kelly is long GLD.
Chipotle restaurant workers fill orders for customers in Miami. Getty Images The stronger-than-expected October jobs report and big revisions to prior months shows that the labor market is resilient and that should encourage the Fed to stay on the sidelines. The economy added 128,000 jobs in October, despite the negative impact of 42,000 striking General
(This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click here.) Investors lately have been heeding that classic bit of advice for writers: “Kill your darlings.” Rather than a writer deleting his most cherished but overwrought passages, investors are ditching some of the
Chinese President Xi Jinping (R) and US President Donald Trump at the Great Hall of the People in Beijing on November 9, 2017. Nicholas Asfouri | AFP | Getty Images (This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click here.) After nearly
Dryden Pence, chief investment officer at Pence Wealth Management. Source: Pence Wealth Management (This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click here.) There are several approaches to investing in capital markets that have yielded strong returns. For Dryden Pence, the backbone