Starbucks will be next US brand to warn of China trouble after Apple, Goldman Sachs says

CNBC(USA) 2019-01-11 12:16:20

The firm downgraded the world s largest coffee seller to neutral from buy on Friday, citing "a number of points of caution on China."

Canadian prime minister says China not respecting diplomatic immunity in arrest case

CNBC(USA) 2019-01-12 03:39:34

Prime Minister Justin Trudeau said Chinese officials are not respecting the diplomatic immunity of one of the Canadians detained in China last month as he ramped up efforts to get them released.

SpaceX plans to lay off 10% of its workforce

CNBC(USA) 2019-01-12 00:12:13

The company said it sees "extraordinarily difficult challenges ahead" and therefore needs to "become a leaner company."

Chinese consumers are starting to take sides in the trade war, and that s bad news for US companies: Cramer

CNBC(USA) 2019-01-11 23:17:17

Jim Cramer flags some pain points in the U.S.-China trade war and tells investors how to gauge progress in the ongoing dispute.

Cramer s game plan: Entering earnings season with more risk than I d like

CNBC(USA) 2019-01-11 23:10:52

Jim Cramer looks ahead to key events in the week ahead as earnings season begins with quarterly reports from the biggest U.S. banks.

A GoFundMe campaign raised $20 million for a border wall—now all of the funds will be returned

CNBC(USA) 2019-01-11 22:26:22

Brian Kolfage launched an ambitious GoFundMe campaign to raise $1 billion for the proposed U.S.-Mexico border wall. The campaign, titled "We The People Will Build the Wall," raised $20 million from 337,518 people in 25 days, and has been shared nearly 100,000 times. Now, all the funds will be returned.

After third week of gains, stock market closes in on the wall of resistance level that everyone is watching

CNBC(USA) 2019-01-11 21:51:50

Stocks are quickly closing in on an important level that some traders believe could make or break the market s post-Christmas bullish run.

Wall Street and top New York donors hear from Democratic governors considering 2020 presidential campaigns

CNBC(USA) 2019-01-11 20:23:22

Several Democratic politicians - known collectively as "the governors" - have been in contact with Wall Street s top political financiers as they each consider running for president in 2020, CNBC has learned.

For Huawei, another week of bad headlines means the company is facing trouble on a global scale

CNBC(USA) 2019-01-11 20:03:18

A Huawei executive was arrested on allegations of spying this week, and exports of Huawei telecom equipment have been halted out of California. The events come on top of the controversial arrest of Huawei s CFO in Canada in December. Experts say the U.S. government will continue putting pressure on the company over what the intelligence community views as intractable supply chain issues.

Uber wants to go public this year, but SoftBank has yet to seat its two board members

CNBC(USA) 2019-01-11 19:34:25

Uber is gearing up for a 2019 IPO, but it faces significant hurdles, including the fact that SoftBank is still owed two board seats.

Amazon and Google are going to be in every aspect of your life whether you want them to or not

CNBC(USA) 2019-01-11 18:29:51

At CES 2019, Amazon and Google showed how they ll be in every aspect of our lives.

Earnings season may turn up some stock market winners after December s battering

CNBC(USA) 2019-01-11 18:23:48

After the market s December meltdown, earnings season could turn up some winners among the rubble, analysts said

New home sales tank 19 percent to end 2018

CNBC(USA) 2019-01-11 17:43:12

Sales of newly built homes fell 18 percent in December compared with December of 2017, according to data compiled by John Burns Real Estate Consulting, a California-based housing research and analytics firm. Due to the partial government shutdown, official government figures on home sales for November and December have not been released.

Supreme Court Justice Ruth Bader Ginsburg will miss arguments for second week, but no further treatments planned

CNBC(USA) 2019-01-11 17:38:49

Supreme Court Justice Ruth Bader Ginsburg will miss a second week of oral arguments as she continues to recover from a cancer surgery she underwent last month, court spokeswoman Kathy Arberg said Friday.

Air traffic controllers union sues Trump administration over frozen pay during shutdown

CNBC(USA) 2019-01-11 17:33:11

The union representing the United States air traffic controllers is suing the administration of President Donald Trump over their pay that is frozen in the partial government shutdown.

Square loses head of product to Visa

CNBC(USA) 2019-01-11 17:18:44

Mary Kay Bowman s departure comes months after Square lost its CFO Sarah Friar to Nextdoor.

Square loses head of payments to Visa

CNBC(USA) 2019-01-11 17:18:44

Mary Kay Bowman s departure comes months after Square lost its CFO Sarah Friar to Nextdoor.

Estimated taxes are due Jan. 15 and you don t get a reprieve despite the shutdown

CNBC(USA) 2019-01-11 17:15:54

If you owe estimated quarterly taxes, your next payment is due by Jan. 15. And no, the government shutdown won t give you a reprieve.

Here s why the new trade deal with Mexico likely won t pay for a southern border wall, despite Trump s claims

CNBC(USA) 2019-01-11 16:59:10

Big political obstacles and economic uncertainties stand in the way of the outcome Trump is predicting. The USMCA s fate is uncertain in Congress, and there are economic unknowns about how possible revenue streams indirectly created by the deal would be siphoned toward the wall.

If the shutdown lasts two more weeks, the cost to the economy will exceed price of Trump s wall

CNBC(USA) 2019-01-11 16:37:53

According to S&P Global ratings, it will only take another two weeks to cost the economy more than $6 billion.

Marijuana grower Tilray soars more than 20% after Peter Thiel-backed fund says it won t sell

CNBC(USA) 2019-01-11 16:02:16

Tilray popped more than 20 percent Friday after its largest shareholder, a private equity fund backed by Peter Thiel, said it will not sell.

CDC says it s another severe flu season with up to 7.3 million people sick so far

CNBC(USA) 2019-01-11 16:00:34

At least half of those people have sought medical care for their illness, according to new data released from the Centers for Disease Control and Prevention.

Biotech stocks are off to the best start of the year since 2012 on heels of J.P. Morgan conference

CNBC(USA) 2019-01-11 15:31:30

Two new deals to the start the year and positive trial presentations at the J.P. Morgan Health Care conference, have breathed new life into some of last year s biggest stock losers.

Ocasio-Cortez reportedly in line for banking post, and that could be bad news for Wall Street

CNBC(USA) 2019-01-11 15:28:10

Freshman Rep. Alexandria Ocasio-Cortez, who is a registered Democrat but identifies as a democratic socialist, is in line to be appointed to the House Financial Services Committee, according to a Politico report.

It s a bad precedent — GOP Sen. Grassley warns Trump not to declare a national emergency to get his border wall

CNBC(USA) 2019-01-11 15:25:42

"I believe you re going to find it in the courts almost immediately," says the Iowa Republican. "It contravenes the power of the purse" of Congress.

Carl Icahn builds stake in Caesars Entertainment: Sources

CNBC(USA) 2019-01-11 14:36:57

Carl Icahn is building a stake in casino Caesars Entertainment, sources familiar said.

Macy s just had its worst day ever, but there are still bargain buys in the retail space

CNBC(USA) 2019-01-11 14:23:05

Macy s just posted its worst day on record. Miller Tabak s Matt Maley and Strategic Wealth Partners Mark Tepper discuss if this spells doom for the broader space or if there are areas of retail that investors should be buying.

Taco Bell will test a vegetarian menu this year

CNBC(USA) 2019-01-11 14:03:46

Taco Bell, the Mexican fast food chain owned by Yum Brands, will test its first vegetarian menu later this year.

Amazon may be going after cloud gaming, but Microsoft has a big head start

CNBC(USA) 2019-01-11 14:03:32

Even if Amazon leads the cloud market, it s not the top player in gaming.

GM says 2018 earnings exceeded expectations and 2019 looks even better

CNBC(USA) 2019-01-11 14:00:13

General Motors CEO Mary Barra said the automaker s full-year 2018 earnings exceeded its previous expectations and that 2019 is looking even better, citing strong sales in China and high demand for its truck and utility vehicles in the U.S.

The partial US government shutdown is tied for the longest ever as Trump border wall fight rages on

CNBC(USA) 2019-01-11 13:51:00

The government shutdown record comes on the same day hundreds of thousands of U.S. workers start to miss paychecks.

Beaten-down value stocks will see a 2019 comeback, Wells Fargo s Chris Harvey predicts

CNBC(USA) 2019-01-11 13:31:34

Wells Fargo s Christopher Harvey expects value names to be the big winners in the second half of 2019.

US consumer prices post their first drop in nine months

CNBC(USA) 2019-01-11 13:30:29

U.S. consumer prices fell for the first time in nine months in December amid a plunge in the cost of gasoline.

Stocks making the biggest moves premarket: NFLX, SBUX, PCG, ATVI & more

CNBC(USA) 2019-01-11 13:22:28

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

California Gov. Gavin Newsom pledges unemployment benefits to furloughed federal workers in the state — and hammers Trump again

CNBC(USA) 2019-01-11 12:27:30

California Gov. Gavin Newsom pledged the state will provide unemployment insurance benefits for furloughed workers impacted by the partial federal government shutdown.

Starbucks will be next US brand to warn of China trouble after Apple, Goldman Sachs says

CNBC(USA) 2019-01-11 12:16:20

The firm downgraded the world s largest coffee seller to neutral from buy on Friday, citing "a number of points of caution on China."

The 3-week long federal shutdown is starting to make Wall Street anxious

CNBC(USA) 2019-01-11 12:02:35

Now three weeks into the partial federal government shutdown, analysts are starting to talk about the potential effects on businesses and consumers.

Apple reportedly plans to launch three new iPhones this year — including an XR successor

CNBC(USA) 2019-01-11 11:57:46

Apple plans to unveil three new iPhone models later this year, including a successor to the XR, The Wall Street Journal reported Friday.

Sterling pushes higher on report that Brexit date could be delayed

CNBC(USA) 2019-01-11 11:05:35

The British pound rose sharply on Friday morning after U.K. Cabinet misters revealed that a delay to the official Brexit date looks increasingly likely.

Poland arrests Huawei employee over spying allegations

CNBC(USA) 2019-01-11 10:16:54

Poland s counterintelligence agency has arrested an employee of Chinese tech giant Huawei over spying allegations.

US-led coalition says has started Syria withdrawal

CNBC(USA) 2019-01-11 10:01:24

The U.S.-led coalition against Islamic State has begun the process of withdrawing from Syria,affirming the start of a pullout that has been clouded by mixed messages from officials.

Sterling set for a wild ride next week as lawmakers vote on Theresa May s Brexit deal

CNBC(USA) 2019-01-11 09:57:51

The caveat for the upside is the approval of the Withdrawal Agreement — the 585-page document that outlines how the U.K. should leave the Union.

Stocks rise more than 2% for the week after slight decline on Friday

CNBC(USA) 2019-01-11 09:28:59

Stocks traded lower as the U.S. government shutdown dragged on while worries over a possible slowdown in China also pressured equities.

Retailers are slashing iPhone prices across China as consumers say the phones aren t worth the cost

CNBC(USA) 2019-01-11 08:35:48

Apple s latest iPhone models have been selling poorly in China because they re priced too high and they lack exciting features compared to local rivals like Huawei, experts said.

Falling oil prices will be a hidden blessing for Saudi start-ups, investor says

CNBC(USA) 2019-01-11 08:23:23

In a part of the world better known for towering skyscrapers and oil than for its startup scene, Gulf Arab entrepreneurs might be seeing bright times ahead.

Ellen MacArthur knew she wanted to sail from the age of 4 — by the time she turned 30, she was a record breaker in the sport

CNBC(USA) 2019-01-11 07:41:21

The now-retired yachtswoman saw her love for the sport date back to when she was a child.

A crunch Brexit vote is coming that could trigger even more political chaos

CNBC(USA) 2019-01-11 07:35:44

British lawmakers are set to vote on Prime Minister Theresa May s Brexit deal on Tuesday, with less than three months to go before the U.K. is set to leave the EU.

China set to lower GDP growth target in 2019, policy sources say

CNBC(USA) 2019-01-11 06:58:55

China plans to set a lower economic growth target of 6 percent to 6.5 percent in 2019 compared with last year s target of about 6.5 percent, policy sources told Reuters.

North Korea s Kim appears to have a big goal: Winning Belt and Road investments from Beijing

CNBC(USA) 2019-01-11 06:48:37

The nuclear-armed nation is seeking millions in foreign investments, and experts say China s Belt and Road project offers the perfect answer to those needs.

Europe s cloud market is giving a big boost to U.S. giants like Amazon and Salesforce

CNBC(USA) 2019-01-11 06:09:06

Europe is the fastest-growing region in the world for some U.S. cloud providers.

Chinese growth is more of a concern than the American economy right now, private bank says

CNBC(USA) 2019-01-11 05:10:16

VP Bank s Felix Brill said investors should expect more market volatility due to the ongoing U.S.-China trade war negotiations. Still, he ultimately expressed optimism that China s leaders will keep their economy together.

Fed Chairman Powell says he is very worried about growing amount of US debt

CNBC(USA) 2019-01-10 18:07:03

Federal Reserve Chairman Jerome Powell is "very worried" about the ballooning amount of United States debt.

Where to get interest-free loans as the longest-ever government shutdown continues

CNBC(USA) 2019-01-08 14:26:29

Amid the stalemate in Washington, credit unions and banks across the country have some of the more generous offers for government employees.

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