- S&P 5002,636.78-0.04%
- Dow 3024,370.24-0.22%
- Nasdaq7,031.83+0.16%
- Russell 20001,440.13-0.21%
- Crude Oil52.20+1.06%
- Gold1,247.70+0.04%
- Silver14.66+0.25%
- EUR/USD1.1328+0.0113%
- 10-Yr Bond2.8790+0.81%
- Vix21.76-3.89%
- GBP/USD1.2511+0.2152%
- USD/JPY113.4750+0.0882%
- BTC-USD3,436.88+1.05%
- FTSE 1006,806.94+1.27%
- Nikkei 22521,602.75+2.15%
Bloomberg•42 minutes agoAsia Stock Traders Hit `Buy' as U.S.-China Trade Magic Is Back
The power of news headlines is back, and a renewed dose of trade optimism is finally lifting Asian stocks from a six-week low. To be exact, the regional benchmark is heading for its biggest jump since Dec. 3, when the market reacted to Presidents Donald Trump and Xi Jinping’s famous dinner in Buenos Aires. And on Wednesday, it’s again trade news that are providing the boost: The MSCI Asia Pacific Index rose as much as 16 percent, and U.S. stock-index futures moved higher after a choppy morning.
- American City Business Journals•2 days ago
Big paychecks: Here's the typical employee salary at Intuit, Facebook, Google, Salesforce, Netflix, Box, Microsoft and 40 other big Bay Area tech employers
The latest big Silicon Valley tech employers to reveal how much they pay a typical worker are TurboTax maker Intuit Inc. and Guidewire Software, which makes back-end software for insurance companies. Like most of the region's biggest technology employers
- TheStreet.com•8 hours ago
Jim Cramer: Don't Buy Tech ETFs, Buy Strong Tech Stocks
First, we had the collapse of Apple via order cutbacks of virtually all of its suppliers, and there is no denying that sales are weaker, perhaps because of issues with China, perhaps because the company hit a price retaining wall, perhaps because of worldwide slowing. Both of these chip companies are remarkable, Nvidia because of its incredible technological edge and AMD because of its grit and its comeback with faster, better and cheaper products for personal computers and the data center. The same Nvidia and AMD cards that are used for gaming are also used for crypto-mining.
- InvestorPlace•15 hours ago
3 Chip Stocks to Buy for the Next 3 Years
Chip stocks have been among the market’s biggest winners over the past several years. Huge demand tailwinds from the data center, cloud computing, connected device and artificial intelligence (AI) markets have converged on a limited-supply base, creating a “high demand, low supply” dynamic in the chip market wherein chip prices are soaring. Such improvements have driven huge gains in chip stocks. Chip supply won’t remain subdued forever — it is already ramping to meet demand, and there are some reports out there that chip prices may have already peaked.
- MarketWatch•18 hours ago
These Lowe’s stores are closing in the next three months
Lowe’s Companies said Monday that it will close 51 underperforming stores and other locations, including 20 stores in the U.S., as part of its plan to focus on its most profitable stores. The stores being closed in the U.S. are located across 13 states
- CNBC•17 hours ago
There could be an unlikely place to hide out if a recession is coming: Housing
The U.S. housing market has weathered all the recessions since 1980, with the exception of the Great Recession of 2008, Jefferies pointed out in a recent note. The FHFA U.S. house price index rose by an average of 7.4 percent in the year prior to a recession and prices rose an average of 2.7 percent from the start of a recession to the end, the note stated. "Other than during the GFC (Great Financial Crisis), home prices have kept rising even during recessions, probably because rates fall, the vast majority of people retained jobs and household formation continues," said Thomas J. Thornton, Jefferies' head of U.S. equity product management, in the note to clients Saturday.
- American City Business Journals•yesterday
Boeing unveils new luxury VIP 777X business jet for world's wealthiest flyers (Photos)
Boeing unveiled a new luxury VIP business jet model for its massive new 777X widebody jet. Boeing said it plans to launch a 777X VIP luxury business jet that can fly more than half way around the world nonstop – farther than any business jet ever built. "Our most exclusive customers want to travel with the best space and comfort and fly directly to their destination," said Greg Laxton, head of Boeing Business Jets.
Associated Press•7 hours agoThe Latest: Trump says he could intervene in Huawei case
President Donald Trump says he would consider intervening in the Justice Department's case against a top Chinese executive if it would be in the interest of U.S. national security and help forge a trade deal with China. Trump told Reuters in an interview Tuesday at the White House that if he thinks it would be good for what will "certainly be the largest trade deal ever made" he would intervene if necessary. A Canadian court granted bail on Tuesday to the top executive of Chinese telecommunications giant Huawei.
- CNBC Videos•2 days ago
Veteran trader Art Cashin: Markets are starting to see 's...
Art Cashin, UBS director of floor operations, speaks with CNBC's "Squawk Alley" on the slipping stock market.
- Fox Business•16 hours ago
Inside business in China: Motorola CEO details Huawei theft
Long before trade tensions between the U.S. and China, Motorola was thriving in what is now described as a “tough” environment to conduct business. It began more than 45 years ago, when President Richard Nixon first visited China and spoke on a Motorola-provided satellite phone, which eventually lead to Motorola becoming one of the first companies in China. In 1986 Robert Galvin, former chairman of the Motorola board of directors, led a delegation to China with the goal of learning how China and Motorola could benefit from investments and technology transfers.
- SmartAsset•2 days ago
Best Places to Retire in Nevada
If you’re looking for a tax-friendly retirement, Nevada is one of the places to be. Withdrawals from retirement accounts and public and private pension income are also not taxed. To find the best places to retire in Nevada, we looked at a few important factors.
- MarketWatch•12 hours ago
Here’s what smart rich people really do with their nest egg
Most people think they’re above average in intelligence, relationship status and professional achievement. Social scientists call this “illusory superiority.” My business partner Scott Puritz, has found the one area where even above-average people, objectively smart, rich, successful professionals, seem to wave the white flag and admit to not understanding — money and investing. “One of the most shocking things is the low-level financial literacy throughout our culture,” Puritz told the Washington Post.
Associated Press•23 hours agoTaiwan mulls expanding ban on Huawei network equipment
Taiwan is mulling an expansion of its five-year-old ban on network equipment produced by Chinese companies Huawei Technologies and ZTE Corp. amid security concerns. Financial Supervisory Commission Chairman Wellington Koo was quoted by local media as saying the government would consider such a move based on provisions under Taiwanese law and World Trade Organization rules. Most Taiwanese banks use components made by IBM in their servers and Huawei doesn't have a high market share in terms of such equipment," he was quoted as saying by the newspaper Taipei Times.
- MarketWatch•12 hours ago
Suze Orman has a killer question for your retirement
Suze Orman is one of those singular personalities in the financial business who seems to be right on the pulse of everyone she meets. She’s written books, starred in her own television show and made innumerable appearances in person. Like Oprah and Bono, she’s nearly a one-name-only celebrity.
- CNBC Videos•8 hours ago
Cramer: Pick stocks with long-term growth stories
Jim Cramer recommends steering clear of stocks and exchange-traded funds with China exposure as the stock market endures drastic swings.
- CNBC•13 hours ago
Tesla is seeking $167 million in damages from the former employee Elon Musk accused of sabotage
Tesla is suing former employee Martin Tripp for more than $167 million, recent legal filings revealed. Tripp and Tesla have been locked in a bitter legal battle since the spring when Tripp claimed the electric vehicle maker was using flawed battery manufacturing practices and hiding relevant info from shareholders. Tesla has previously characterized Tripp as a disgruntled ex-employee, and CEO Elon Musk alluded to him as a "saboteur" in company-wide e-mails.
- Benzinga•11 hours ago
Citi: Buy The Dip In AT&T
Analyst Michael Rollins upgraded AT&T from Neutral to Buy rating and maintained a $34 price target. AT&T should benefit from a "measured" promotional environment in wireless and continues to improve its competitive position with FirstNet and the marketing of its 5G Evolution, Rollins said in the upgrade note. See his track record here.
Reuters•9 hours agoVenezuela's deals to shield Citgo from creditors now in doubt
Venezuela is facing the possible unraveling of a pair of billion-dollar settlements aimed at protecting the cash-strapped country's U.S.-based Citgo Petroleum Corp from seizure by creditors. A lawyer for Canadian mining company Crystallex International Corp said on Tuesday Venezuela had breached the $1.4 billion November agreement that resolved a long-running fight over an expropriated gold mine. Separately, Venezuela's $1.3 billion settlement in October with Rusoro Mining of Vancouver, also over expropriated mining assets, has been upended by U.S. sanctions on Caracas, a source told Reuters.
- Fox Business•21 hours ago
General Electric's slow demise
General Electric shares closed below the $7 level for the first time since March of 2009 and remained under pressure on Monday. Wall Street analysts continue to debate the company’s capital position and debt pile. CEO Larry Culp, on the job just about six weeks, is attempting his own damage control, telling CNBC last month that there is an “urgency” to sell more assets.
Bloomberg•21 hours agoHuawei Fallout Hits Canada Goose Shares While China Rival Soars
Canada Goose Holdings Inc., the trendy maker of premium parkas, has tumbled almost 20 percent over the past four days. At the same time, Bosideng International Holdings Ltd., a Hong Kong-based downy apparel maker, has jumped nearly 13 percent to a five-year high. The detention of Huawei’s Meng Wanzhou last week has affected Canadian companies, causing Canada Goose’s share price to slump, the official Weibo account of a website backed by state-run Global Times said Tuesday.
- SmartAsset•yesterday
How to Retire in Germany
Germany has become a popular destination for American retirees due to its reasonable costs, excellent healthcare system and well-kept infrastructure. As any financial advisor will tell you, one of the most important factors to consider when building a retirement plan is your cost of living. Like any other country, how much money you’ll need to live in Germany will depend on the city you choose.
- FX Empire•15 hours ago
Crude Oil Price Forecast – crude oil markets recover on Tuesday
The WTI Crude Oil market bounced from the uptrend line of the symmetrical triangle that we have been forming just above the $50 level on Tuesday. The uptrend line that I have marked on the chart is important, and although we don’t have the same type of triangle that we have in the WTI grade, I think this shows that the proclivity is to go to the upside. If we do break down below the uptrend line though, we could see this market unwind to the $55 level.
Reuters•2 hours agoOil prices rise on Asian stock rally, OPEC-led cuts
Oil prices climbed by around 1 percent on Wednesday amid a stock market rebound and on expectations that an OPEC-led output cut for 2019 would stabilise the supply-demand balance. Disruptions to Libyan crude exports after local militia seized the country's biggest oilfield, El Sharara, were also buoying prices, traders said. International Brent crude oil futures were at $60.86 per barrel at 0543 GMT, up 66 cents, or 1.1 percent, from their last close.
- Fortune•16 hours ago
Bernie Madoff Victims Get $419 Million Payment 10 Years After Arrest
Another batch of compensation checks is in the works for victims of Bernard Madoff on the 10th anniversary of the con man’s arrest in New York following the collapse of his $19 billion Ponzi scheme. Irving Picard, the trustee unwinding Madoff’s defunct investment advisory firm, said in a statement Tuesday that he asked a bankruptcy court judge to authorize $419 million in distributions on approved claims, which will go out to 880 accounts. While victims will never recover the $45 billion in fake profits Madoff claimed on account statements, the trustee has focused on returning the cash they invested.
- CNBC•23 hours ago
US has a 'concerted strategy' to push allies to reject Huawei's 5G equipment: Eurasia Group
The United States has a "concerted strategy" to pressure its allies to shun Chinese tech giant Huawei's 5G network equipment, Eurasia Group analyst Kevin Allison says. U.S. allies, including the U.K., Australia, New Zealand and Japan, are keeping Huawei out. G technology will "set the tone for the rest of the 21st century," according to Allison.
