Egyptian billionaire: Trump is right, China has been raping us for a long time

CNBC(USA) 2019-02-12 05:36:42

Egyptian billionaire Naguib Sawiris didn t mince words in his evaluation of the ongoing trade war between the U.S. and China.

The U.S. trade deficit with China will reverse in the long term, Alibaba co-founder says

CNBC(USA) 2019-02-13 00:01:55

China s trade surplus with the U.S. will shrink once China starts buying $40 trillion worth of goods and services, Alibaba co-founder Joseph Tsai says.

Stocks in Asia poised for gains on positive US-China trade sentiment

CNBC(USA) 2019-02-12 23:40:44

U.S. President Donald Trump said Tuesday that he was open to postponing the March 2 deadline for tariffs if Washington and Beijing can reach a trade deal soon.

Cramer s 5 fundamental reasons to stay in the stock market

CNBC(USA) 2019-02-12 23:13:46

Jim Cramer cites five trends that support staying invested in stocks at these levels.

Trump is running out of options for his border wall as Republican leaders break with the president

CNBC(USA) 2019-02-12 23:10:47

That soft, shuffling sound you hear is Congressional Republicans stepping away from President Trump.

Facebook shares could be on the road to new highs, trader says

CNBC(USA) 2019-02-12 21:24:12

One trader says the charts are pointing to new highs for social media giant Facebook.

A record number of Americans are 90 days behind on their car payments

CNBC(USA) 2019-02-12 21:15:51

As auto loan debt has soared, so has the number of people who can t pay, with the level of serious delinquencies rising to its highest level since just after the financial crisis.

Activision Blizzard falls after missing on revenue and giving weak 2019 guidance

CNBC(USA) 2019-02-12 21:15:36

The gaming company has revealed headwinds in recent weeks, reportedly planning hundreds of layoffs in response to sluggish sales.

Apple is getting so serious about health, it s started hosting heart-health events at Apple Stores

CNBC(USA) 2019-02-12 21:05:35

Apple s health team made a rare public appearance at its Union Square Apple Store in San Francisco on Monday evening. The primary topic of the discussion was heart health.

You can now ask Siri to get you directions with Waze so you don t even have to open the app — here s how

CNBC(USA) 2019-02-12 20:31:12

You can now ask Siri to automatically open Waze and start driving somewhere. Here s how to set up Waze to work with Siri shortcuts on your iPhone.

With a potential shutdown deal in place, four experts weigh in on the looming trade deadline

CNBC(USA) 2019-02-12 20:08:12

U.S. markets are rallying Tuesday as lawmakers reach a preliminary deal to avoid another partial shutdown of the federal government. The Dow rose nearly 1.5 percent while the S&P 500 crossed above its 200-day moving average for the first time since Dec. 4. But as one deadline passes, the next looms.

Mitch McConnell is going to force the Senate to vote on Alexandria Ocasio-Cortez s Green New Deal

CNBC(USA) 2019-02-12 19:56:31

"I ve noted with great interest the Green New Deal, and we re going to be voting on that in the Senate to give everybody an opportunity to go on record," McConnell told reporters.

Warren Buffett: Don t ask the barber whether you need a haircut

CNBC(USA) 2019-02-12 19:16:04

Don t trust forecasts or projections, especially from someone who has a financial interest in making those projections, the Oracle of Omaha says.

Rubio attack on buybacks sends shudder down Wall Street as a Republican joins Democrats fight

CNBC(USA) 2019-02-12 19:15:16

Florida Republican Sen. Marco Rubio proposes changing the capital gains tax as a way to discourage corporate buybacks, a position that could spook the stock market if other prominent Republicans get behind the idea.

Fed s Powell puts focus on spreading benefits of a strong economy

CNBC(USA) 2019-02-12 18:32:56

Speaking Tuesday in Mississippi, Powell said the central bank is looking at a number of ways to help rural communities, with a particular focus on banking and finance for areas of need.

It s a war — Detroit automakers battle for dominance in wildly profitable heavy duty truck market

CNBC(USA) 2019-02-12 18:22:00

Truck owners, both professional contractors and recreational drivers, want serious towing capacity. The newly updated Sierra Denali HD pickup, unveiled by GMC at the San Diego waterfront last month pulled a yacht and life boat weighing 225,00 pounds.

There s no way he could : Trump s ex-lawyer John Dowd feared the president was incapable of an interview with special counsel Robert Mueller

CNBC(USA) 2019-02-12 18:00:20

President Donald Trump s former lawyer John Dowd did not advise Trump to be interviewed by special counsel Robert Mueller because he feared that the president was incapable of pulling it off, Dowd says on a new podcast. Dowd apparently feared that a sitdown with Mueller could end with Trump getting accused of making false statements to federal investigators, just as former Trump advisors have been criminally charged with doing.

Mexican drug lord El Chapo found guilty in US trial over drug-trafficking charges

CNBC(USA) 2019-02-12 17:37:47

Mexico s most notorious drug lord, Joaquin "El Chapo" Guzman, was convicted Tuesday of running an industrial-scale smuggling operation after a three-month trial packed with Hollywood-style tales of grisly killings, political payoffs, cocaine hidden in jalapeno cans, jewel-encrusted guns and a naked escape with his mistress through a tunnel.

Watch Fed Chair Jerome Powell speak live at economic forum in Mississippi

CNBC(USA) 2019-02-12 17:30:56

Federal Reserve Chairman Jerome Powell is speaking Tuesday on "Economic Development in High Poverty Rural Communities" at the Hope Enterprise Corporation Rural Policy Forum in Itta Bena, Mississippi.

Trump: I can t say I m happy with border security deal, but another shutdown looks unlikely

CNBC(USA) 2019-02-12 17:10:30

President Donald Trump has reservations about a tentative government funding deal that needs his support to pass.

Stocks making the biggest moves midday: Caterpillar, Under Armour, Molson Coors Brewing & more

CNBC(USA) 2019-02-12 17:05:47

These are the stocks posting the largest moves midday Tuesday.

Here s a blueprint for investors trading the different China-US trade war outcomes

CNBC(USA) 2019-02-12 15:39:27

Citigroup details three scenarios that investors may have to grapple with depending on how the trade talks progress this month.

US job openings jump to record high of 7.3 million

CNBC(USA) 2019-02-12 15:39:26

U.S. employers posted the most open jobs in December in the nearly two decades that records have been kept, evidence that the job market is strong despite several challenges facing the economy.

With wages on the rise, Goldman Sachs has a low labor costs stock strategy that beats the market

CNBC(USA) 2019-02-12 15:07:56

Rising wages are expected to eat into corporate profit margins, weighing on companies that are already projecting much slower growth.

Bill Gates: Taxing the rich is fine, but extreme politicians like Alexandria Ocasio-Cortez are missing the point by focusing on income

CNBC(USA) 2019-02-12 15:03:56

Gates says policies should focus on taxing wealth rather than income since the super rich tend to have more of their wealth tied up in assets than in income.

Goldman Sachs CEO prepares for edgy talk from politicians ahead of 2020 election

CNBC(USA) 2019-02-12 14:39:22

A decade after playing a central role in the 2008 financial crisis, banks are still a popular topic of criticism from elected officials.

Former astronaut Mark Kelly to run for Martha McSally s Arizona Senate seat in 2020

CNBC(USA) 2019-02-12 14:02:32

Kelly has never held political office before. But he became politically active after his wife Giffords was shot in 2011 in an attempted assassination at a Tucson supermarket. Six people died in the attack, and Giffords was shot in the head.

House GOP leader Kevin McCarthy: Pelosi and Democrats caved on Trump s border barrier demand

CNBC(USA) 2019-02-12 13:38:49

"The Democrats have now agreed to more than 55 miles of new barrier being built," says the California Republican.

Investors take biggest cash position in a decade despite market rally

CNBC(USA) 2019-02-12 13:32:22

The fourth-quarter stock market meltdown continued to reverberate with investors in January.

Emerging markets are red hot right now. Here are three investments for the rest of 2019

CNBC(USA) 2019-02-12 13:16:42

Investors thinking about betting in emerging markets should look at Brazilian stocks, Mexican bonds and banks in the space, according to strategists and analysts.

Maximum uncertainty will morph into one of the best buying opportunities of year, Wall Street bull predicts

CNBC(USA) 2019-02-12 13:05:17

If a near-term pullback strikes stocks, BTIG s Julian Emanuel says buy it.

Tesla is staking its future on China — here s what it s up against

CNBC(USA) 2019-02-12 13:05:03

Tesla recently broke ground on Gigafactory 3 in Shanghai and has grand ambitions in China but it faces serious competition there from a mix of Chinese and foreign automakers already manufacturing electric vehicles there, for example: BYD, BAIC Group, SAIC and Nio; and BMW, Mercedes, Audi and Toyota.

Stocks making the biggest moves premarket: Under Armour, Coty, Walmart, & more

CNBC(USA) 2019-02-12 12:43:05

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

Winter storm grounds more than 1,000 flights, airlines waive change fees

CNBC(USA) 2019-02-12 12:34:04

Airlines have called off more than 1,000 flights as a large winter storm bringing snow, rain and ice moves eastward from the Midwest. Airlines waived date-change and cancellation fees.

OPEC cuts production by nearly 800,000 barrels a day in January, pumping just above its oil target

CNBC(USA) 2019-02-12 12:25:56

Saudi Arabia throttles back production during OPEC s first month of output cuts aimed at draining oversupply from the oil market.

Cisco shares fall after Morgan Stanley downgrade

CNBC(USA) 2019-02-12 12:20:57

Morgan Stanley lowered its rating on shares of Cisco Systems to equal-weight from overweight on Tuesday, citing slowing growth in the company s networking security business.

These stocks are up double digits this year, and one has more room to run

CNBC(USA) 2019-02-12 12:10:17

Activewear stocks are stretching for big gains to start the year. Oppenheimer s Ari Wald says one has even more upside.

Under Armour shares jump on earnings beat

CNBC(USA) 2019-02-12 12:00:29

Sen. Rubio backs a new proposal to tackle one of Democrats favorite talking points

CNBC(USA) 2019-02-12 11:30:04

Sen. Marco Rubio is the chairman of the Small Business Committee, which is releasing a report on the issue. It argues more equal rates would remove companies incentives to buy back stock in the first place.

Winter storm could cause chaos for commuters from Illinois to Maine

CNBC(USA) 2019-02-12 10:55:29

A winter storm sweeping across the Midwest took aim at the East Coast overnight, bringing rain, ice and potentially as much as two feet of snow to some areas. NBCNews reports.

US solar workforce shrinks for second straight year as Trump tariffs bite

CNBC(USA) 2019-02-12 10:40:13

The U.S. solar power industry shed about 8,000 jobs in 2018, shrinking the workforce by 3.2 percent, according to the Solar Foundation.

Dow jumps 300 points on tentative deal to avoid government shutdown, US-China trade hopes

CNBC(USA) 2019-02-12 08:35:37

Stocks rose on Tuesday amid news that U.S. lawmakers had secured a tentative deal on border security funding.

A TV actor who played Ukraine s president could now become the actual president

CNBC(USA) 2019-02-12 07:38:54

A Ukrainian comedy actor who played the country s president in a hit TV show is being taken seriously as a contender in Ukraine s presidential election in March.

Iran is turning its people into paupers instead of providing food, Saudi prince says

CNBC(USA) 2019-02-12 06:53:33

Iran is funding militias throughout the Middle East while turning its own people into paupers, Saudi Arabian Prince Turki Al-Faisal told CNBC Tuesday.

Iran is a paper tiger with steel claws, Saudi s Prince Turki says

CNBC(USA) 2019-02-12 06:53:33

Iran is funding militias throughout the Middle East while turning its own people into paupers, Saudi Arabian Prince Turki Al-Faisal told CNBC Tuesday.

BP CEO Bob Dudley warns oil market uncertainty could lead to a real crunch

CNBC(USA) 2019-02-12 06:37:13

A flurry of intensifying risks could trigger an energy market "crunch" over the coming months, according to the chief executive of BP.

A German payment firm s shares have plummeted 30% in less than two weeks — here s why

CNBC(USA) 2019-02-12 06:16:10

Wirecard s stock price has nosedived amid developing reports of an accounting scandal at its Singapore office.

Egyptian billionaire: Trump is right, China has been raping us for a long time

CNBC(USA) 2019-02-12 05:36:42

Egyptian billionaire Naguib Sawiris didn t mince words in his evaluation of the ongoing trade war between the U.S. and China.

America s $87 billion traffic jam ranks Boston, D.C and Chicago as the worst in US

CNBC(USA) 2019-02-12 05:02:03

INRIX ranks Boston, Washington D.C. and Chicago as the three worst U.S. cities for congestion in terms of hours lost by drivers annually.

The odds of another government shutdown are quite low, says Pimco

CNBC(USA) 2019-02-11 21:44:10

"If you are a member of Congress, you are going to try to extract everything you can from the opposite party; however, you realize that the political cost and the economic cost are simply just too high," says Pimco s Libby Cantrill.

Paul Tudor Jones says mania in share buybacks threatens 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.