$60 to $70 is a fair price for a barrel of oil, Egypt s petroleum minister says

CNBC(USA) 2019-02-11 07:44:25

There is a fair price for a barrel of oil and OPEC and its non-OPEC partners are close to achieving it through their deal to cut production, according to Egypt s Petroleum Minister Tarek El-Molla.

Negotiators from both parties say they have a tentative deal to avoid a US government shutdown

CNBC(USA) 2019-02-12 01:38:48

Congressional negotiators from both parties say that lawmakers have reached an agreement in principal to fund the government and avoid another shutdown, multiple outlets reported.

Markets shouldn t overreact even if there s no US-China trade deal

CNBC(USA) 2019-02-12 00:48:04

U.S. exports to China represent only 7.2 percent of total American sales abroad and markets shouldn t overreact even if there s no trade deal with China, Michael Ivanovitch writes.

California Gov. Newsom blasts Trump political theater, pulls hundreds of troops from border duty

CNBC(USA) 2019-02-12 00:27:02

California Gov. Gavin Newsom s decision to pull state troops from the border is another sign the new governor is taking a more activist approach than his predecessor against President Donald Trump s policies.

Hasbro CEO: Toys R Us debacle was a disruption and an interruption, but we re past it

CNBC(USA) 2019-02-11 23:40:09

Jim Cramer and Hasbro Chairman and CEO Brian Goldner break down exactly how much Toys R Us liquidation is still impacting the toymaker.

Cramer: This earnings period revealed brutal truths about US-China trade

CNBC(USA) 2019-02-11 23:11:51

Jim Cramer guides investors on how to approach developments in U.S.-China trade talks.

Stocks making the biggest moves after hours: Gilead, RingCentral, Chegg and more

CNBC(USA) 2019-02-11 22:25:02

See which stocks are posting big moves after the bell on February 11.

Amazon is acquiring home WiFi start-up Eero

CNBC(USA) 2019-02-11 21:56:46

Amazon said it s acquiring Eero for an undisclosed sum

The house where Jeff Bezos founded Amazon is on sale for a bargain price

CNBC(USA) 2019-02-11 21:37:24

According to Zillow, the 1,540 square-foot house located at 10704 NE 28th street is listed for just nearly $1.5 million. It features 3 bedrooms,1.75 baths and a hot tub on the back porch. It was last sold in 2009 for $620,000.

Hedge-fund legend Paul Tudor Jones: I m very bullish on US stocks

CNBC(USA) 2019-02-11 20:46:44

Hedge-fund manager Paul Tudor Jones said Monday he is bullish U.S. stocks this year, noting American equities will outperform their global counterparts.

Paul Tudor Jones says mania in share buybacks is threatening to have social consequences

CNBC(USA) 2019-02-11 20:22:15

Jones is noted for making broad market calls and predicted the 1987 stock market crash.

The 2020 merchandise primary has begun — and it could be key to presidential candidates small-dollar fundraising

CNBC(USA) 2019-02-11 19:47:08

2020 candidates are using merchandise sales to raise small-dollar donations and separate their brand from a crowded field of fellow Democrats, nearly all of whom are shunning typical sources of big-dollar donations.

Huawei s fate in the US will be decided in the coming weeks

CNBC(USA) 2019-02-11 19:32:19

A March 6 hearing is set in Vancouver for Meng Wanzhou, the CFO of China tech giant Huawei, who was arrested there in December on fraud charges.

WisdomTree reportedly explored a sale to JP Morgan last year

CNBC(USA) 2019-02-11 18:48:24

WisdomTree Investments is said to have explored a sale to J.P. Morgan Chase last year, Bloomberg New reported.

Democratic Sen. Amy Klobuchar will reject corporate PAC money in 2020 bid

CNBC(USA) 2019-02-11 18:46:51

Sen. Amy Klobuchar is joining the ranks of other 2020 presidential hopefuls who are rejecting campaign contributions from corporate political action committees, CNBC has learned.

One of Snap s former top execs is going to take on Amazon with his new start-up

CNBC(USA) 2019-02-11 18:41:36

Imran Khan s new retail venture, Verishop, takes direct aim at Amazon.

Wall Street firm says there is a strong case for gold over bonds, stocks now

CNBC(USA) 2019-02-11 18:35:12

Bernstein is suggesting investors look to gold and gold mining stocks to reduce risk, according to the firm s global quantitative trading strategy group on Monday.

Tesla s largest institutional investor just cut its stake in half

CNBC(USA) 2019-02-11 18:27:20

T. Rowe Price halved its stake in Tesla during the fourth quarter, according to a government filing.

Vanguard dramatically cuts its expected rate of return for the stock market over the next decade

CNBC(USA) 2019-02-11 18:15:06

The stock market won t keep returning the kinds of yearly gains investors have gotten used to since the financial crisis bottom in 2009, according to Vanguard CIO Greg Davis.

The 10 best cities to buy your first home

CNBC(USA) 2019-02-11 17:53:08

New data from LendingTree ranked the best cities for first-time home buyers, where down payments are typically low and mortgages can be easier to secure.

The 10 best US states to find a job in 2019

CNBC(USA) 2019-02-11 17:25:02

Zippia surveyed thousands of workers and analyzed data from the BLS and the American Community Survey to determine which states had the optimal balance of low unemployment, low cost of living and steady wage increases. What they found is that many states not typically known for hot labor markets can provide good opportunities for workers willing to move and grow.

Why you shouldn t celebrate that big tax refund

CNBC(USA) 2019-02-11 17:13:31

If you re among the filers receiving an outsized tax refund from Uncle Sam for 2018, put down the champagne for a moment. It means you overpaid on taxes last year, and you re getting your own money back. Here s what you should know.

Stocks making the biggest moves midday: Avis Budget Group, Pfizer, Tesla & more

CNBC(USA) 2019-02-11 17:07:14

These are the stocks posting the largest moves midday.

Reddit raised $300 million at a $3 billion valuation — now it s ready to take on Facebook and Google

CNBC(USA) 2019-02-11 16:45:33

Reddit wants to take digital ad market share away from Facebook and Google.

This is the real reason most Americans file for bankruptcy

CNBC(USA) 2019-02-11 16:32:39

Two-thirds of people who file for bankruptcy say medical bills or other issues related to illness contributed to their financial downfall. One big reason: Their health insurance wasn t enough.

As more older Americans age in place, millennials struggle to find homes

CNBC(USA) 2019-02-11 16:26:53

With more seniors than ever aging in place and choosing not to sell the family home, an estimated 1.6 million fewer properties are now available in a marketplace already experiencing a critical shortage, according to Freddie Mac. That stay-put trend is crashing into the rising demand for housing from the huge millennial generation: Fewer homes for sale will continue to put upward pressure on already overheated home prices.

Goldman Sachs is backing off the investing thesis it s held for the past two years

CNBC(USA) 2019-02-11 16:04:13

With the Fed nearing the end of its policy tightening, the firm thinks it s time for investors to change strategy and shift to weak balance sheets vs strong.

A reality check on how small businesses were really affected by the government shutdown: Survey

CNBC(USA) 2019-02-11 15:29:53

A new CNBC/SurveyMonkey Small Business survey reveals how much the small-business sector suffered in the federal government shutdown. The threat of another shutdown is back as Republicans and Democrats on Capitol Hill attempt to reach a deal on border security by end of day Friday.

Cramer: It would take two surprises — on trade and the Fed — to cause the next recession

CNBC(USA) 2019-02-11 15:26:08

CNBC s Jim Cramer speaks as the list of economists and business elite predicting a downturn this year or in 2020 grows.

iPhone shipments crashed nearly 20% in China because they re too expensive: IDC

CNBC(USA) 2019-02-11 14:57:14

Apple iPhone shipments sunk 19.9 percent during the fourth quarter of 2018, Apple s fiscal Q1, according to IDC.

We re not in a good place : Here s why Democrats and Republicans can t agree to terms to stop another shutdown

CNBC(USA) 2019-02-11 14:15:33

Efforts to avoid another shutdown of the federal government may fail, a Democratic aide told CNBC on Sunday, as a Friday deadline looms for Congress to strike an agreement on border security.

Toys R Us executives plot retailer s comeback with Tru Kids

CNBC(USA) 2019-02-11 14:02:04

Former Toys R US executives are running a new company that will manage the brands left behind after Toys R Us liquidation, including Toys R Us, Babies R Us and Geoffrey. Much of their business plan, though, remains a work in progress.

Toys R Us tries for a comeback a year after going out of business

CNBC(USA) 2019-02-11 14:02:04

Former Toys R US executives are running a new company that will manage the brands left behind after Toys R Us liquidation, including Toys R Us, Babies R Us and Geoffrey. Much of their business plan, though, remains a work in progress.

A giant coalition of companies including Amazon and Apple urges Congress to save Dreamer immigrants

CNBC(USA) 2019-02-11 13:49:25

More than 100 major companies including Apple and Amazon are renewing their push for immigration reform as another government shutdown looms.

Saudi Arabia denies involvement in leak of Jeff Bezos messages to the National Enquirer

CNBC(USA) 2019-02-11 13:35:31

Saudi Minister of State for Foreign Affairs Adel al-Jubeir said the Arab kingdom had "nothing to do with" the leaking of Bezos texts.

Growing economic anxiety hits Main Street as small-business confidence drops: Survey

CNBC(USA) 2019-02-11 13:34:04

Small-business confidence declined in the first quarter, according to a new CNBC/SurveyMonkey Small Business survey. After reaching an all-time high in the third quarter 2018, entrepreneurs across the U.S. have grown more concerned about business conditions, revenue and hiring.

Don t believe the bounce, stocks are heading back to December lows, strategist says

CNBC(USA) 2019-02-11 13:21:38

Joule Financial s Quint Tatro sees more downside ahead, but Piper Jaffray s Craig Johnson says to buy any dip.

Pure extortion – Yale s Sonnenfeld sees no doubt that the Enquirer sought to blackmail Bezos

CNBC(USA) 2019-02-11 13:19:42

It was "pure extortion" the way "anybody in the court of law or Webster s Dictionary defines extortion," management expert Jeffrey Sonnenfeld says.

Tesla s electric vehicle dominance is about to have serious competition, Morgan Stanley says

CNBC(USA) 2019-02-11 13:03:00

Tesla has a dominant share of the electric vehicle market but Morgan Stanley s Adam Jonas said that control is "unsustainable" and will soon be disrupted from electric vehicle maker Rivian.

Stocks making the biggest moves premarket: Morgan Stanley, Restaurant Brands, Tesla, Walmart & more

CNBC(USA) 2019-02-11 12:44:58

These are the stocks posting the largest moves before the bell.

Morgan Stanley just made its biggest deal since the financial crisis and says it wants to do more

CNBC(USA) 2019-02-11 12:25:06

Morgan Stanley announced Monday it will buy Solium Capital, a Canadian company that prepares stock plans for start-ups, for $900 million.

Struggling Nvidia shares likely to remain hamstrung, Bernstein says in downgrade

CNBC(USA) 2019-02-11 12:22:15

Bernstein downgraded semiconductor stock Nvidia on Monday to market-perform from outperform.

Tesla shares jump after Canaccord Genuity upgrades the stock and predicts 40% rally

CNBC(USA) 2019-02-11 11:49:33

Canaccord Genuity upgrades Tesla to buy from hold and raises its 12-month price target to $450 from $330.

Tesla shares jump after Canaccord Genuity upgrades the stock and predicts 40% rally from here

CNBC(USA) 2019-02-11 11:49:33

Canaccord Genuity upgraded Tesla to buy from hold and raised its 12-month price target to $450 from $305.80.

Female acts, rap songs win big at the Grammy Awards

CNBC(USA) 2019-02-11 10:44:42

Women and rap triumphed at the Grammys as female acts took home top prizes including album of the year and best new artist.

Average tax refunds are down 8.4% in wake of Trump tax cuts

CNBC(USA) 2019-02-11 10:04:30

The first U.S. tax filing season under the overhaul that President Donald Trump signed into law at the end of 2017 got off to a slow start in the first week.

Krugman expects to see a global recession this year, warns we don t have an effective response

CNBC(USA) 2019-02-11 09:23:06

There is a decent chance the world economy is headed for a recession in 2019, according to Nobel Prize-winning economist Paul Krugman.

The latest in Thailand s political drama: Ruling government dismisses #ThaiCoup rumors

CNBC(USA) 2019-02-11 09:04:51

"There s been so many coups in Thai history that when you see military vehicles on the street, something must be up," said Paul Chambers, a lecturer for international affairs at Thailand s Naresuan University.

$60 to $70 is a fair price for a barrel of oil, Egypt s petroleum minister says

CNBC(USA) 2019-02-11 07:44:25

There is a fair price for a barrel of oil and OPEC and its non-OPEC partners are close to achieving it through their deal to cut production, according to Egypt s Petroleum Minister Tarek El-Molla.

Dow futures rise 100 points on US-China trade optimism

CNBC(USA) 2019-02-11 07:29:22

U.S. stock index futures rose on Monday amid increasing hope China and the U.S. will strike a trade deal to end the ongoing tariff war.

Ikea reportedly apologizes for leaving New Zealand off a world map

CNBC(USA) 2019-02-11 06:41:45

Swedish furniture giant Ikea apologized for leaving New Zealand off a world map that was being sold at one of its stores, after a Reddit user posted about the error, the BBC reported.

Emerging markets set for a rally after last year s rout, says strategist

CNBC(USA) 2019-02-11 04:59:05

With the Federal Reserve pledging to be "patient" in future rate hikes, emerging markets could enjoy a turnaround this year, said Mary Nicola, a strategist at Eastspring Investments.

French finance minister blasts EU decision to block Alstom-Siemens merger in face of Chinese competition

CNBC(USA) 2019-02-10 08:39:03

France s finance minister expressed his disappointment at a recent EU decision to block a major rail merger, calling for competition rules to be changed to enable European firms to become stronger on the global stage.

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