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
Finance
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
Comcast’s NBCUniversal is considering making an ad-supported version of its Peacock streaming service free for everyone, bucking the trend of charging for streaming products, according to people familiar with the matter. It would be the first free streaming on-demand video service from a major U.S. media provider. Previously, Comcast had planned on making Peacock free
Traders and financial professionals work on the floor of the New York Stock Exchange (NYSE) at the opening bell on August 19, 2019 in New York City. Drew Angerer | Getty Images As November unfolds, stocks should continue to make gains in one of the best months of the year for the market, and it’s
A button for launching the Netflix application is seen on a remote control in this photo illustration in Warsaw, Poland on April 25, 2019. Jaap Arriens | NurPhoto | Getty Images Netflix needs a cheaper streaming option to survive the streaming wars, according to Needham. The firm said the streaming platform needs advertising dollars to
A Pinterest banner hangs on the facade of the New York Stock Exchange (NYSE) in New York City, September 22, 2017 Brendan McDermid | Reuters Check out the companies making headlines after the bell: Shares of Pinterest plummeted 20% after the bell following the company’s third-quarter revenue miss, coming in at $279.7 million, which was
Metal worker Andy Mattingly operates a siphoning crucible in the pot room at Century Aluminum Company in Hawesville, Kentucky, May 14, 2019. Bryan Woolston | Reuters An update on manufacturing activity Friday could provide a much more useful picture of the economy than the October employment report, which is expected to be unusually weak due
Tim Cook, chief executive officer of Apple Inc., speaks about the new iPhone Pro during an event at the Steve Jobs Theater in Cupertino, California, U.S., on Tuesday, Sept. 10, 2019. Apple unveiled the iPhone 11 that will replace the XR and start at $699. Photographer: David Paul Morris/Bloomberg via Getty Images David Paul Morris
The Lyft logo is shown on the screen at the Nasdaq offices in Times Square on March 29, 2019 in New York. Don Emmert | AFP | Getty Images Check out the companies making headlines after the bell: Lyft shares climbed during extended trading following the company’s raised full-year revenue guidance and posted better-than-expected earnings
Federal Reserve Chairman Jerome Powell said Wednesday that the central bank would need to see a sustained and significant uptick in price pressures before considering future rate hikes. “We just touched 2% core inflation to pick one measure. Just touched it for a few months and then we’ve fallen back,” Powell said from Washington. “So
Check out the companies making headlines before the bell: General Electric – General Electric reported quarterly profit of 15 cents per share, 4 cents a share above estimates. Revenue also exceeded forecasts and GE raised its full-year cash flow forecast. Yum Brands – Yum earned an adjusted 80 cents per share for its latest quarter,
A customer browses the Mattel Barbie dolls section of a now closed Toys ‘R’ Us store. Chris Ratcliffe | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of Mattel spiked more than 12% during extended trading after the company announced that its audit committee completed its independent investigation into
Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, D.C., on Wednesday, Sept. 18, 2019. Andrew Harrer | Bloomberg | Getty Images Here are the most important things to know about Wednesday before you hit the door. 1. Fed likely to
2020 presidential candidates Senator Bernie Sanders, an independent from Vermont, from left, former U.S. Vice President Joe Biden, Senator Elizabeth Warren, a Democrat from Massachusetts, and Pete Buttigieg, mayor of South Bend, arrive on stage for the Democratic presidential candidate debate in Westerville, Ohio, U.S., on Tuesday, Oct. 15, 2019. The candidates meet for the
Employees walk in Luziajui business district of Shanghai, China. Lucas Schifres | Getty Images BEIJING — The Chinese government’s latest efforts to make it easier for foreign businesses to operate locally come as China’s own companies seek to be global players. China pushed ahead this month with long-awaited announcements for removing foreign ownership limits in
Traders work on the floor of the New York Stock Exchange. Spencer Platt | Getty Images The S&P 500 broke through its previous highs Monday, just as the historically best time of year for stocks got underway. That should give the market fuel for a positive market move into the end of the year, with