Japan’s Toyota lays foundation to ramp up sales in Chinese port city

Japan’s Toyota lays foundation to ramp up sales in Chinese port city

Toyota Motor is likely to make 120,000 more cars a year in the Chinese port city of Tianjin as part of a medium-term strategy that’s gathering pace as China-Japan ties improve, said four company insiders with knowledge of the matter. The Japanese auto maker’s plan to boost annual production capacity by about a quarter in the port city will lay the foundation to increase sales in China to two million vehicles per year, a jump…

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Asian shares decline, with tech trading lower after Wall Street losses

Asian shares decline, with tech trading lower after Wall Street losses

Asian shares declined on Thursday, taking cues from losses on Wall Street after Chinese internet giant Tencent reported a fall in quarterly profit — a disappointing result that weighed on the tech space stateside. The Nikkei 225 fell by 1.38 percent in early hours trade, with all sectors in Tokyo recording losses, as the oil and coal producers saw the largest decline of 5.3 percent. South Korea’s Kospi declined by 1.40 percent, as its tech…

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Cramer Remix: The bull market is still alive and kicking

Cramer Remix: The bull market is still alive and kicking

As the stock market looks ready to make records for the longest bull run, some critics have said that it won’t last, but the bull market has too much support for that to be true, CNBC’s Jim Cramer said. The Mad Money host argues that both active and passive shareholders are doing their part to keep the bull market alive. Through index funds from the likes of Vanguard and BlackRock, ordinary investors save for retirement,…

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Competitors won’t ‘let Constellation control’ cannabis, says Jon Taffer of ‘Bar Rescue’

Competitors won’t ‘let Constellation control’ cannabis, says Jon Taffer of ‘Bar Rescue’

Major players in the beverage industry will follow Constellation Brands into the cannabis industry, Jon Taffer, host of Paramount’s “Bar Rescue,” told CNBC on Wednesday. “I don’t think anybody is going to let Constellation control this space, so I think they’re the first one. I think they’re aggressive. And the next ones will be more defensive,” the bar consultant said on CNBC’s “Closing Bell.” Constellation announced an additional $4 billion stake in Canopy Growth, which…

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Cramer: Post Holdings’ portfolio gives stock ‘room to run’

Cramer: Post Holdings’ portfolio gives stock ‘room to run’

Through Post Holdings‘ acquisitions and its spin-off of a private label division that analysts disliked, the packaged food company behind Honey Bunches of Oats and Chips Ahoy has become a stock to watch, CNBC’s Jim Cramer said on Wednesday. “It’s taken a while for them to get the credit they deserve, but now that the company has shown that it knows how to unlock value by selling pieces of its subsidiary brands, the stock has…

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Sen. Elizabeth Warren: Trade deals help companies, not workers

Sen. Elizabeth Warren: Trade deals help companies, not workers

Sen. Elizabeth Warren believes that U.S. trade policies “have not been written to enrich Americans.” In an interview with CNBC’s Jim Cramer, the Massachusetts Democrat criticized trade deals that prioritize the interest of corporations, and also shared details about a new bill she introduced on Wednesday called the Accountable Capitalism Act. Warren pointed to the investor-state dispute settlement (ISDS) system, which allows companies to sue foreign governments over regulations that the company deems discriminatory, as…

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The heat is on for 4 more years: Extreme temperatures expected through 2022

The heat is on for 4 more years: Extreme temperatures expected through 2022

This summer’s heat has shattered records around the Northern Hemisphere, from Algeria to Canada and Japan to California. New research suggests this could be only the beginning of a four-year global “warm spell.” Using a new forecasting technique, scientists in a study published Tuesday predict that the rest of 2018 through 2022 may be warmer than expected around the world as human-caused global warming and natural factors combine to heat the planet. “The coming warm…

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Stocks making the biggest moves after hours: CSCO, NTAP & more

Stocks making the biggest moves after hours: CSCO, NTAP & more

Check out the companies making headlines after the bell on Wednesday: Cisco surged more than 6 percent in after-hours trading after the company reported quarterly revenue and earnings that beat Wall Street expectations. Total revenue for the company rose to $12.84 billion, up 6 percent year over year, thanks to a surge in income in the company’s newer segments including cyber security and applications; on an adjusted basis, the company earned 70 cents per share,…

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Walmart is one of the worst-performing Dow stocks this year, and now could be the perfect time to buy

Walmart is one of the worst-performing Dow stocks this year, and now could be the perfect time to buy

Walmart is gearing up for its quarterly earnings report, scheduled for before the bell on Thursday, and despite its dramatic underperformance this year, one market strategist says the stock is a buy. Walmart shares are trading firmly in correction territory, down 13 percent in the past six months making it one of this year’s worst-performing Dow stocks. Recently, the stock has managed to bounce off its year-to-date lows, cutting some of its losses in the…

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Homebuilder and construction stocks enter bear market

Homebuilder and construction stocks enter bear market

Stocks of major home construction companies fell on Wednesday, beleaguered by a slump in U.S. equity trading and a decline in homebuilder sentiment. Declines in Lumber Liquidators and American Woodmark pushed the Home Construction exchange-traded fund (ITB) into bear market territory, down more than 21 percent from its 52-week high notched in January. The moves came just after the National Association of Home Builders said that its monthly index of builder sentiment fell 1 point…

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