Markets are turning up the heat on the Fed to dial back rate hikes

CNBC(USA) 2018-12-06 16:44:19

Amid the latest round of market turmoil this week, the market has lowered the probability of an interest rate hike when the central bank s policymaking body meets later this month. They ve also reduced the chances of future increases.

Bitcoin plunges 10 percent as December rout continues to drag down cyptocurrencies

CNBC(USA) 2018-12-07 02:45:28

Bitcoin continued its December downward tumble, falling more than 10 percent against the U.S. dollar in 24 hours.

Elon Musk says Boring Company tunnel under LA will now open on Dec. 18

CNBC(USA) 2018-12-07 02:12:57

Elon Musk said on Thursday that an underground tunnel developed by his privately held The Boring Company will open on Dec. 18 — an eight-day delay from the initial date.

Tariffs have hit confidence, to slow US economy, says Fed s Williams

CNBC(USA) 2018-12-07 01:33:51

Higher trade tariffs have had a "relatively small" effect on the economy so far but they have hurt confidence and some business investments, which hurts U.S. employment and economic growth, Federal Reserve Bank of New York President John Williams said on Thursday.

Japan said to plan to bar Huawei, ZTE from government procurement contracts

CNBC(USA) 2018-12-07 01:06:50

Japan plans to ban government purchases of equipment from China s Huawei Technologies and ZTE, a person with direct knowledge and a person briefed on the matter told Reuters on Friday.

The Fed is fighting 4 inflationary trends it can t control, Cramer says

CNBC(USA) 2018-12-06 23:17:21

Jim Cramer flags four trends complicating the Federal Reserve s tasks of keeping inflation at bay while keeping Americans employed.

Job market is strong and hiring robust, in contrast to market fears

CNBC(USA) 2018-12-06 22:18:49

November s jobs report Friday should show a strong pace of hiring in a solid underlying economy, a stark contrast to some of the worst fears in financial markets this week.

Markets are going haywire. Here s why these sudden moves are here to stay

CNBC(USA) 2018-12-06 22:06:48

There are two main culprits to blame for the increasing market volatility these days and they are not going away anytime soon.

Donald Trump could be the first president since Jimmy Carter to run for re-election during a recession

CNBC(USA) 2018-12-06 22:01:04

Until now, Robert Mueller s special counsel investigation has loomed as a singular threat to further erode the president s standing. But the uncertainty on display in gyrating financial markets this week has darkened expectations for Trump s last two years, writes John Harwood.

Stocks making the biggest moves after hours: Broadcom, American Outdoor Brands and more

CNBC(USA) 2018-12-06 21:46:57

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

S&P 500 teeters on edge of a death cross, and one key level could determine its next move

CNBC(USA) 2018-12-06 21:05:21

The S&P 500 is flashing a technical warning sign. Matt Maley, equity strategist at Miller Tabak, is not sweating the technical move just yet.

HSBC s involvement in Huawei case could still complicate trade talks with China even though the bank isn t being investigated

CNBC(USA) 2018-12-06 20:55:58

HSBC is closely tied to Huawei and China, but a source familiar with the matter tells CNBC that the bank is not being investigated in the current legal case.

Fed officials may signal a wait-and-see approach following rate increase this month — WSJ

CNBC(USA) 2018-12-06 20:35:34

Members of the Federal Reserve are reportedly debating whether to signal a "wait-and-see" approach after a probable hike to the central bank s overnight rate at its meeting later this month.

3 reasons why the stock market is plummeting—and what you should do

CNBC(USA) 2018-12-06 20:02:42

As the market drops, Jeff Mills of the PNC Financial Services Group says don t panic: "Patience is the key to long-term wealth accumulation."

Apple is in talks to buy a violent Israeli TV show and sign Richard Gere as lead, dispelling the myth that it wants only family-friendly video

CNBC(USA) 2018-12-06 19:03:06

Despite reports Apple only wants family-friendly video content, the company is negotiating the rights to violent Israeli show "Nevelot" (translation: "Bastards"), aiming to star Richard Gere with show-runners Howard Gordon and Warren Leight. The company has been pitching agents and show-runners for their best projects as it searches for its "Breaking Bad."

National security advisor John Bolton says I knew in advance about arrest of Huawei executive — Trump reportedly did not

CNBC(USA) 2018-12-06 18:55:34

National security advisor John Bolton said Thursday "I knew in advance" from the Justice Department that giant smartphone maker Huawei s global CFO Meng Wanzhou would be arrested in Vancouver, Canada, at the behest of U.S. authorities. President Donald Trump reportedly  did not know about the planned arrest when he and Bolton dined with China s leader, Xi Jinping, on Saturday, the same day Meng was taken into custody.

US probe into Huawei includes accusations of bank fraud: Reuters

CNBC(USA) 2018-12-06 18:41:15

Chinese telecoms giant Huawei s chief financial officer was arrested as part of a U.S. investigation into an alleged scheme to use the global banking system to evade U.S. sanctions against Iran, sources told Reuters.

Dimon says Fed will likely still hike rates in December despite market turmoil

CNBC(USA) 2018-12-06 18:33:51

Despite the stock market sell-off this week, J.P. Morgan Chase CEO Jamie Dimon predicts the Federal Reserve will likely still raise interest rates in December.

Mortgage rates drop to 2-month low—an unexpected holiday gift to housing

CNBC(USA) 2018-12-06 18:32:56

Mortgage rates are falling sharply, as investors head to the relative safe haven of the bond market. Mortgage rates follow loosely the yield on the 10-year U.S. Treasury. The average rate on the popular 30-year fixed has fallen 21 basis points in the past week, from 4.94 percent to 4.73 percent, according to Mortgage News Daily.

Apple could plunge 13 percent more before hitting a floor, says technical analyst

CNBC(USA) 2018-12-06 18:31:03

The bears are devouring Apple. According to one trader, shares could plunge 13 percent more over the next two months before hitting a floor.

Stock market slide accelerates as Huawei arrest creates fear backlash will slam trade, global economy

CNBC(USA) 2018-12-06 18:27:44

The arrest of a high-profile Chinese telecom executive at the behest of the U.S. government sent fear into financial markets that it could complicate talks between the U.S. and China, reigniting trade wars and wreaking damage on the global economy.

Huawei is one of China s most important tech companies — here s what it does and why the U.S. government is wary

CNBC(USA) 2018-12-06 17:35:42

Huawe s CFO was arrested earlier this week. A lot of people might not know what Huawei does or why some governments are concerned about its actions. Here s a brief explainer on what Huawei is.

Fed s Bostic says interest rates are within shouting distance of neutral

CNBC(USA) 2018-12-06 17:35:33

Atlanta Fed President Raphael Bostic said the the central bank may not have to go much further with interest rates to achieve a proper balance between slowing and overheating.

Cooperman says this is likely just a market correction because there is no sign of a recession

CNBC(USA) 2018-12-06 17:07:07

Billionaire investor Leon Cooperman says the recent turbulence in stocks is just part of a market correction as there are currently no signs of a recession happening.

Leon Cooperman says SEC needs to investigate computer trading for causing Wild West with markets

CNBC(USA) 2018-12-06 17:02:58

Omega Advisors chairman and CEO Leon Cooperman spoke on CNBC s "Halftime Report" on Thursday afternoon.

Markets are turning up the heat on the Fed to dial back rate hikes

CNBC(USA) 2018-12-06 16:44:19

Amid the latest round of market turmoil this week, the market has lowered the probability of an interest rate hike when the central bank s policymaking body meets later this month. They ve also reduced the chances of future increases.

Huawei CFO arrest follows Pentagon s ban on Chinese firm s devices over spying concerns

CNBC(USA) 2018-12-06 16:37:28

In April, the Pentagon stopped selling mobile phones and modems made by Huawei and ZTE at stores on military bases around the world due to potential security risks.

Huawei has a difficult history with the U.S. government over espionage claims and allegations it violated Iran sanctions

CNBC(USA) 2018-12-06 16:15:13

The U.S. government has spent the better part of the last decade taking issue with the Huawei over topics including the firm s alleged espionage ties to the Chinese government and allegations of a long history of intellectual property theft.

Watch President George HW Bush s funeral service

CNBC(USA) 2018-12-06 16:07:30

The life and service of the late president, who died Friday at age 94, have been honored in Washington, D.C., throughout the week.

Women donors and PACs fueled political funding for Democratic women candidates in 2018—but they left Republican women behind

CNBC(USA) 2018-12-06 16:01:15

Women donors and super PACs helped drive the parade of victories by Democratic women in the November election. But the money wave didn t extend to Republican women. The number of Republican women in Congress next year will drop, even as the ranks of Democratic women swell.

Untuckit, the company known for its untucked shirts, is looking to raise money at a valuation greater than $600 million

CNBC(USA) 2018-12-06 15:50:15

Untuckit, known for shirts designed to be worn untucked, has hired investment bank Morgan Stanley to raise money in a deal it hopes will value it at more than $600 million, people familiar with the situation tell CNBC.

The market is tanking this week: Here s what you need to know

CNBC(USA) 2018-12-06 15:35:48

U.S. stocks turned sour this week after an early rally dissipated and President Donald Trump declared himself "Tariff Man."

Cryptocurrency index fund follows Warren Buffett s playbook, but with a $1 million bet against the S&P

CNBC(USA) 2018-12-06 15:30:05

Asset manager Morgan Creek Digital is betting $1 million that its cryptocurrency index fund will outperform the S&P 500 over the next 10 years.

Saudi-backed lobbyists reportedly booked 500 rooms at Trump s DC hotel after the 2016 election

CNBC(USA) 2018-12-06 14:50:49

The new details about the lobbying effort comes amid ongoing lawsuits arguing that Trump violated a constitutional ban on political office holders accepting gifts or emoluments from foreign governments.

Sears Chairman Eddie Lampert submits proposal to save Sears

CNBC(USA) 2018-12-06 14:40:52

The fund run by Sears Chairman Eddie Lampert, ESL Investments, on Thursday submitted its $4.6 billion proposal to help save Sears.

Apple shares fall after UBS sees weakest purchase intent for iPhone in five years

CNBC(USA) 2018-12-06 14:05:55

UBS and Rosenblatt Securities both slashed their stock price forecasts on Apple. UBS said so-called purchase intent for the iPhone was the lowest in five years.

Apple Watch can now detect your irregular heart rhythms and other problems: Here s how it works

CNBC(USA) 2018-12-06 14:01:32

We tried out the new ECG app and irregular heart rate notification for Apple Watch ahead of its release on Thursday. Here s how to use it.

Beto O Rourke s team has been talking to Obama political operatives in Iowa and New Hampshire as 2020 momentum builds

CNBC(USA) 2018-12-06 13:58:45

Led by O Rourke chief of staff David Wysong, the three-term Texas congressman s inner circle has been engaging with political players from the states, which hold the earliest contests of the presidential primary season.

The sell-off started with a mysterious plunge overnight that caused the exchange to halt futures

CNBC(USA) 2018-12-06 13:38:58

The stock market sell-off Thursday began with a mysterious overnight plunge in equity futures and an unusual surge in volume in after-hours trading.

International trade deficit surges to highest in a decade as imports rise, US exports drop

CNBC(USA) 2018-12-06 13:34:14

The U.S. trade deficit jumped to a 10-year high in October as soybean exports continued to fall and imports of consumer goods rose to a record high, suggesting the Trump administration s tariff-related measures to shrink the trade gap likely have been ineffective.

If you invested $1,000 in Microsoft and Apple at IPO, this one would have made you 4 times as rich

CNBC(USA) 2018-12-06 13:31:25

A $1,000 investment in Microsoft at its IPO in 1986 would be worth more than three times a much as the same investment in Apple at its IPO in 1986.

U.S. weekly jobless claims fall less than expected

CNBC(USA) 2018-12-06 13:30:41

The number of Americans filing applications for jobless benefits fell less than expected last week while the four-week moving average of claims rose to its highest level since April, suggesting some loss of momentum in the labor market.

Private payrolls rise 179K in Nov. vs 195K est.: ADP/Moody s

CNBC(USA) 2018-12-06 13:15:02

Companies slowed the pace of job creation in November as the labor market indicated more signs of tightening, according to ADP and Moody s Analytics. It says private payrolls increased by 179,000, below the 195,000 growth expected by a Refinitiv survey of economists. The number also was a drop from the 225,000 in October and below the 203,000 prior monthly average.

Stocks making the biggest moves premarket: Facebook, Alphabet, Twitter, Signet & more

CNBC(USA) 2018-12-06 12:59:50

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

Cramer: Non-economically sensitive US stocks and international names should rise after initial sell-off

CNBC(USA) 2018-12-06 12:50:42

But the "Mad Money" host adds those stocks won t have a huge rally because of uncertainty surrounding Friday s November jobs report.

Four stocks have avoided the market crush to hit new highs

CNBC(USA) 2018-12-06 12:01:57

Health-care stocks have found new life as markets crater.

10-year Treasury yield falls to 2.83% amid stock sell-off, was above 3% at the start of the week

CNBC(USA) 2018-12-06 11:22:27

U.S. government debt prices rose on Thursday, with investors rattled by volatility in equity markets and anxiety around a potential yield curve inversion.

Huawei CFO arrest sends global chip stocks plunging; AMS slides 7%

CNBC(USA) 2018-12-06 10:36:26

Global chip stocks tumbled on Thursday as the arrest of a top executive at Chinese tech giant Huawei renewed fears of an escalation in U.S.-China trade tensions.

Risk of no OPEC deal? It s real, Saudi energy minister says

CNBC(USA) 2018-12-06 10:29:58

Saudi Arabia s energy minister has spoken of the possibility of OPEC oil producers and their non-OPEC partners not reaching a deal over whether to cut oil production this week.

World food prices fall to lowest in more than two years in Nov: UN FAO

CNBC(USA) 2018-12-06 09:51:28

World food prices declined in November to their lowest level in more than two years.

Saudi Arabia and Iran don t like each other in real life — so what happens at OPEC meetings?

CNBC(USA) 2018-12-06 08:49:03

It s no secret that Iran and Saudi Arabia are not the best of friends on the global geopolitical stage, but the arch-rivals have to share a space when the influential oil producing group OPEC meets Thursday.

OPEC and Russia poised to impose production cuts despite US pressure

CNBC(USA) 2018-12-06 07:13:46

OPEC and its allies are expected to agree on the terms of price-boosting output cuts on Thursday, despite pressure from President Donald Trump to reduce the cost of crude.

OPEC and Russia poised to impose steep production cuts despite US pressure

CNBC(USA) 2018-12-06 07:13:46

OPEC and its allies are expected to agree on the terms of price-boosting output cuts on Thursday, despite pressure from President Donald Trump to reduce the cost of crude.

Shares of Apple suppliers crumble after lensmaker reports more than 25 percent decline in revenue

CNBC(USA) 2018-12-06 04:39:48

Shares of Apple suppliers in Asia took a beating on the back of Taiwanese lensmaker Largan Precision reporting a more than 25 percent year-on-year decline in its November revenue.

Arrest of Huawei CFO shows the gloves are now fully off, says Eurasia Group

CNBC(USA) 2018-12-06 04:26:28

The arrest of Huawei s global chief financial officer in Canada, reportedly related to the violation of U.S. sanctions, will affect trade negotiations between Washington and Beijing, according to risk consultancy Eurasia Group.

Oil prices slide 3 percent as Saudi energy minister proposes a smaller-than-expected output cut

CNBC(USA) 2018-12-06 01:53:24

Oil prices slipped along with weak stock markets on Thursday, ahead of a meeting by producer group OPEC that is expected to result in a crude supply cut.

At George H W Bush s funeral, nostalgia for a bygone era in Washington is ever present

CNBC(USA) 2018-12-06 01:13:20

For about three hours on Wednesday, official Washington recreated an idealized version of what politics was like 20 years ago, before many of the uglier chapters of the 21st century had unfolded.

Costco is opening a $440 million chicken farm to escape America s chicken monopoly

CNBC(USA) 2018-12-05 20:50:04

Costco is opening a chicken farming operation in eastern Nebraska so it can (partially) escape America s chicken monopoly.

In pictures: A nation mourns the 41st president, George HW Bush

CNBC(USA) 2018-12-05 15:36:15

Wednesday is a national day of mourning for the 41st president of the United States as George Herbert Walker Bush s life is celebrated at the Washington National Cathedral.

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