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.

Anonymous Buffett-like bet on S&P 500 causes a stir on the options market

CNBC(USA) 2019-01-15 02:27:42

An anonymous trader caused a stir in the U.S. equity options market on Monday with a massive bet that recalled Warren Buffett s famous wager on global stocks more than a decade ago.

China s Waymo rival quietly launched an Uber-style app for driverless cars, making it one of the first to do so

CNBC(USA) 2019-01-15 01:30:36

Pony.ai, a Chinese autonomous car start-up, recently launched an app that allows a limited number of users to hail a driverless taxi.

Tech execs are telling Cramer behind closed doors that they support Trump s hardline trade policy on China

CNBC(USA) 2019-01-14 23:57:25

Jim Cramer says technology executives are telling him off camera that they support the Trump administration s hawkish approach to trade with China.

Citi s rally after earnings means we re too worried about recession, says Jim Cramer

CNBC(USA) 2019-01-14 23:09:57

Jim Cramer unpacks what Citigroup s post-earnings stock action says about the broader market.

Here s how Elon Musk and Glynne Shotwell announced hundreds of layoffs at SpaceX

CNBC(USA) 2019-01-14 22:49:57

Elon Musk and Gwynne Shotwell were choked up at an all-hands meeting on Friday where they announced layoffs of about 10 percent of SpaceX employees. Post-restructuring, SpaceX headcount still stands above 6,400, employees told CNBC.

Banks are breaking out into earnings. Here s how to play the sector

CNBC(USA) 2019-01-14 20:56:00

Banks rallied on Citigroup s earnings Monday. Two ETF market experts give their suggestions on how to play the sector.

White House says Ivanka Trump is not under consideration for World Bank chief but helping search

CNBC(USA) 2019-01-14 20:49:14

The White House said Monday that Ivanka Trump, the daughter of President Donald Trump and a senior advisor to him, is not being considered to be the next head of the World Bank.

NBC is banking on a free streaming service to counter-balance Netflix, Disney and Amazon

CNBC(USA) 2019-01-14 19:39:06

NBC s streaming service will launch in 2020, the company announced.

The end of the GE apocalypse is here, analyst says

CNBC(USA) 2019-01-14 19:26:12

General Electric s stock is up more 17 percent to start this year and one Wall Street firm says the "end of apocalypse scenarios" are "now at hand" for GE.

Canada s Canopy Growth shares jump on deal to develop industrial hemp farms in New York

CNBC(USA) 2019-01-14 18:54:51

Canopy Growth has been granted a license by New York State to process and produce hemp.

J.P. Morgan is the next big earnings report…Here s what major analysts think will happen

CNBC(USA) 2019-01-14 18:47:15

The shares rose on Monday after Citigroup reported earnings that were better than feared, but some key analysts believe J.P. Morgan could fall short on Tuesday.

GOP s John Kasich is looking to join CNN or MSNBC amid speculation he could run for president in 2020

CNBC(USA) 2019-01-14 18:03:48

In recent weeks, Kasich, whose two-term tenure as Ohio s governor ends Monday, has signaled to close advisors and some donors that he s looking to sign with either CNN or MSNBC he finishes his tenure as Ohio s governor.

Investors are hiding out in cash: Assets in money market funds surge past $3 trillion

CNBC(USA) 2019-01-14 17:56:33

Money fund assets but tracked above $3 trillion in mid-December, coinciding with a late-2018 market downturn that resulted in the S&P 500 posting a 6.2 percent drop for the year.

Why Democrats are unlikely to cave on Trump s border wall as longest government shutdown ever drags on

CNBC(USA) 2019-01-14 17:17:38

A majority of Americans say Trump bears more blame for the shutdown than congressional Democrats, according to two polls released Sunday.

These shutdown hurdles could mess up your tax refund

CNBC(USA) 2019-01-14 17:11:37

You have two weeks until tax season opens, and the partial federal government shutdown is still ongoing. While the IRS says you will get the refund you re owed, accountants believe the process won t be easy. Here s why filing your 2018 return could be complicated.

House Democrats launch drug pricing probe into a dozen major health-care companies

CNBC(USA) 2019-01-14 17:09:18

AbbVie, Amgen, AstraZeneca, Celgene, Eli Lilly, Johnson & Johnson, Mallinckrodt, Novartis, Novo Nordisk, Pfizer, Sanofi and Teva Pharmaceuticals received letters seeking detailed information and documents about the companies pricing practices.

Special counsel Robert Mueller will be allowed to complete his work, Trump attorney general pick William Barr says in testimony

CNBC(USA) 2019-01-14 16:38:37

Barr s opening testimony, which was made available a day ahead of his confirmation hearing, appears to be a direct attempt to calm Democrats about his reportedly expansive views of presidential power and his narrower view of Mueller s authority.

Tesla under pressure as Ford, Nissan and GM roll out new competition for electric car buyers at Detroit auto show

CNBC(USA) 2019-01-14 16:33:41

Shares of Tesla tumbled as manufacturers from Detroit to Japan unveiled new competition for buyers in the electric carmaker s key market at the Detroit auto show on Monday.

Gundlach s warning on ocean of debt adds to worries over corporate bonds

CNBC(USA) 2019-01-14 16:26:50

Jeffrey Gundlach, founder of DoubleLine Capital, said in a warning published over the weekend that the debt load is about to become a bigger problem. "We are talking about the creation of an ocean of debt," Gundlach told Barron s in a roundtable discussion

This chart shows we are likely in for a wild earnings season with big stock swings

CNBC(USA) 2019-01-14 16:26:11

Investors better buckle up as this earnings season could send them for a wild ride, according to data compiled by Goldman Sachs.

Investors should embrace a recession and watch for retest of market lows, Morgan Stanley says

CNBC(USA) 2019-01-14 16:19:58

Morgan Stanley equity strategists believe the stock market priced in an earnings recession when it plunged to December s low, and it is very likely to retest that level.

Cramer says the bear market in stocks ended on Christmas Eve

CNBC(USA) 2019-01-14 15:45:29

"I think people are still oblivious that the bear market ended on that horrible half-day" Dec. 24 session, CNBC s Jim Cramer says.

Janet Yellen says it s very possible the Fed has made its last rate hike of this cycle

CNBC(USA) 2019-01-14 15:24:00

The Federal Reserve already could be at the end of its rate-hiking cycle, Janet Yellen, former central bank Chair Janet Yellen said Monday.

Economic uncertainty has prompted some retailers to put plans on hold, Yellen says

CNBC(USA) 2019-01-14 14:12:45

Janet Yellen, the former chair of the Federal Reserve System, made the comments Monday during the National Retail Federation s annual Big Show in New York.

PG&E stock crashes nearly 50% as utility says it will file for bankruptcy because of wildfires liability

CNBC(USA) 2019-01-14 13:50:48

PG&E craters after it said it will file for bankruptcy protection amid financial anguish stemming from its role in California s devastating wildfires.

Lululemon shares climb 3% after raising fourth-quarter outlook

CNBC(USA) 2019-01-14 13:10:11

Lululemon shares rose 3 percent in premarket trading after the company announced it was raising its revenue and earnings per share outlook for the fourth quarter.

Stocks making the biggest moves premarket: GG, LULU, AAPL, PCG & more

CNBC(USA) 2019-01-14 13:07:34

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

The 10-year yield just entered a death cross, and that could be a breaking point for bond market

CNBC(USA) 2019-01-14 13:01:18

Bond bulls take note: Treasury yields are moving lower, and according to one technical indicator, the slide may only just be getting started.

Snap shares rise after Citi upgrades stock, citing better ad revenues

CNBC(USA) 2019-01-14 12:45:07

Citi upgraded Snap Monday in light of accelerating advertising revenue and better profit expectations.

With some ugly earnings likely ahead, the big question on Wall Street is whether it s priced in

CNBC(USA) 2019-01-14 12:15:03

It s a crucial question with a pretty wide range of answers.

Trump threatens to devastate Turkey economically if it attacks Kurds in Syria

CNBC(USA) 2019-01-14 12:12:39

President Donald Trump issued a threat to NATO ally Turkey while defending his decision to withdraw all U.S. troops from Syria.

Citigroup is set to kick off bank earnings reports – here s what Wall Street expects

CNBC(USA) 2019-01-14 12:08:33

Citigroup is the first of the big U.S. banks to report fourth-quarter results, so investors and analysts will be keen to see how its banking and trading operations performed during a tumultuous period.

Bloodbath is coming to Nissan as key foreign executive resigns amid Ghosn investigation

CNBC(USA) 2019-01-14 12:06:58

Jose Munoz, who until recently was thought to be in the running for Nissan CEO, resigned Friday after the company put him on leave from his regular job as chief performance officer and assigned him to work on an internal investigation

MNG makes offer to buy USA Today publisher Gannett

CNBC(USA) 2019-01-14 11:33:20

Newspaper chain MNG Enterprises on Monday offered to buy publisher Gannett for $12 per share.

Newmont Mining to buy Goldcorp in a $10 billion all-stock deal

CNBC(USA) 2019-01-14 10:16:58

Gold miner GoldCorp said on Monday that larger rival Newmont Mining will buy all its shares in an all-stock deal valued at $10 billion.

Storm punishes swath of US with snow, ice and freezing rain

CNBC(USA) 2019-01-14 09:29:54

A winter storm that contributed to at least five deaths in the Midwest pummeled the mid-Atlantic region for a second day Sunday.

Former US national security advisor: Trump team deserves no more than a C+ on Middle East approach

CNBC(USA) 2019-01-14 09:23:16

The Trump Administration should be given "no more than a C plus" for how it has addressed conflict in the Middle East, according to former U.S. National Security Advisor James Jones.

US s Pompeo meets Saudi leaders, cancels Kuwait visit

CNBC(USA) 2019-01-14 09:13:28

U.S. Secretary of State Mike Pompeo will cut short his Middle East trip because he needs to return to the United States for a family funeral.

Dow futures fall more than 200 points on concerns over longest government shutdown

CNBC(USA) 2019-01-14 07:31:44

U.S. stock index futures were lower on Monday on the back of ongoing concerns over an economic slowdown in China as we well as the longest government shutdown in U.S. history.

Stocks post back-to-back losses for the first time this year on earnings worries

CNBC(USA) 2019-01-14 07:31:44

Stocks fell as the U.S. earnings season kicked off. Concerns over an economic slowdown in China also dampened sentiment to start off the week.

Keep your money in stocks regardless of risk appetite, UBS says

CNBC(USA) 2019-01-14 07:15:53

Investors would have missed out on a 10-percent rally if they had sold their stock holdings on Christmas Eve — when U.S. equities experienced a massive sell-off — and re-entered the market this month, said Mark Haefele, global chief investment officer at UBS Global Wealth Management.

Malaysian finance minister: It s reasonable to ask Goldman Sachs for $7.5 billion over 1MDB agony

CNBC(USA) 2019-01-14 06:29:35

Malaysian Finance Minister Lim Guan Eng said Monday that the $7.5 billion the country is seeking from U.S. investment bank Goldman Sachs over the 1MDB scandal is an "extremely reasonable" amount.

Expect prolonged uncertainty as Brexit process drags on, says former UK Prime Minister Gordon Brown

CNBC(USA) 2019-01-14 05:21:04

"Sadly, this is a prolonged period of uncertainty both for investors and the economy but also for the political system," the British politician told CNBC.

RAM Trucks wants a bigger piece of hot heavy-duty trucks with new Detroit debut

CNBC(USA) 2019-01-14 05:03:20

RAM Trucks has stolen the limelight with its 1500 pickup truck in the eyes of many auto industry watchers. Now the ascendant brand wants to spread a bit of that magic out to larger work-focused pickups.

Asia Pacific markets fall as investors react to Chinese trade data

CNBC(USA) 2019-01-13 23:53:33

China s trade surplus with the U.S. — closely watched amid a bitter trade war between Washington and Beijing — grew 17 percent from a year ago. According to Reuters, that s the highest on record dating back to 2006.

Houston, Miami airports close some security checkpoints after TSA officers call out sick in government shutdown

CNBC(USA) 2019-01-12 18:56:29

The main airports of Miami and Houston shut security checkpoints after more TSA officers, working without paychecks, called in sick, as the partial government shutdown became the longest ever.

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.

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