Trump: ‘I can imagine Huawei being included’ in a US-China trade deal

Trump: ‘I can imagine Huawei being included’ in a US-China trade deal

President Donald Trump speaks about a range of subjects including failed infrastructure talks with Democratic lawmakers during an event to disc Carlos Barria | Reuters President Donald Trump left little doubt on Thursday that he is willing to negotiate tough U.S. restrictions on the Chinese telecom giant Huawei as part of a broader trade deal with Beijing, a position that could put the president at odds with members of his own administration. “It’s possible that…

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Cramer: Investors are holding out hope for a trade deal — that’s why the market hasn’t bottomed yet

Cramer: Investors are holding out hope for a trade deal — that’s why the market hasn’t bottomed yet

There is too much hope and not enough conviction in this “plain awful” market, CNBC’s Jim Cramer said Thursday. As stocks continue to sell off in an uncertain environment, investors are waiting to see the market bottom and spark a rally. It just hasn’t happened yet, because investors are hoping that President Donald Trump will relent on trade, that the Chinese will capitulate, that the economy will shrug off the trade war, and that the…

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Stocks making the biggest moves after hours: HP, Autodesk, Boeing and more

Stocks making the biggest moves after hours: HP, Autodesk, Boeing and more

The logo of the 3D printer manufacturer HP is seen during the event. Feria de Barcelona hosts the third edition of the (3D) industry week. Paco Freire | LightRocket | Getty Images Check out the companies making headlines after the bell: Shares of HP Inc. rose more than 1% in extended trading after the software company reported second-quarter earnings that beat expectations. The company reported earnings of 53 cents per share on revenue of $14.04…

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WikiLeaks’ Julian Assange charged with 17 new criminal counts, including violating Espionage Act

WikiLeaks’ Julian Assange charged with 17 new criminal counts, including violating Espionage Act

Wikileaks co-founder Julian Assange was hit Thursday with new federal criminal charges alleging he conspired with former Army intelligence analyst Chelsea Manning to obtain and publish secret documents, some of which included the disclosure of identities of foreigners who were aiding the U.S. military abroad. The new set of charges immediately raised alarms among press freedom advocates, who argue that his disclosures of classified information are protected under the First Amendment. Assange was charged with…

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Southwest won’t charge passengers to change planes to avoid the Boeing 737 Max

Southwest won’t charge passengers to change planes to avoid the Boeing 737 Max

Southwest Airlines Boeing 737 MAX aircraft are parked on the tarmac after being grounded, at the Southern California Logistics Airport in Victorville, California on March 28, 2019. Mark Ralston | AFP | Getty Images Southwest Airlines won’t charge uneasy passengers to change flights to avoid traveling on the Boeing 737 Max if and when regulators allow the jet to take to the skies again, the airline’s chief marketing officer said Thursday. Aviation regulators worldwide grounded…

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Stocks plunge as trade fears resurface – five experts weigh in on what to watch

Stocks plunge as trade fears resurface – five experts weigh in on what to watch

Stocks are plummeting on Thursday as trade fears wash over Wall Street again. Those losses put the Dow Jones Industrial Average on track for its fifth straight week in the red, a losing streak not seen since mid-2011. Five experts reveal what they’re watching. Jay Jacobs, head of research and strategy at Global X Funds, says the damage to the economy is getting harder to bounce back from. “This is a pretty aggressive escalation that’s…

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This chart shows how chip stocks are ground zero for the trade war and are feeling the pain

This chart shows how chip stocks are ground zero for the trade war and are feeling the pain

Investors trying to get a gauge on the state of U.S.-China trade relations should look at shares of big chipmakers like Qualcomm, Micron Technology and Broadcom, according to Ned Davis Research. The firm points out that Qualcomm had 67% of its 2018 revenue come from China, while Micron saw 57.1% of its sales come from the second-largest economy in the world. Broadcom and Texas Instruments have more than 40% revenue exposure to China, while Applied…

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Mortgage rates fall sharply on China trade tensions

Mortgage rates fall sharply on China trade tensions

A real estate agent, left, talks to potential homebuyers during an open house in the 16th Street Heights neighborhood of Washington, D.C. Andrew Harrer | Bloomberg | Getty Images Mortgage rates declined sharply this week following news of sluggish economic data, showing that trade tensions with China may actually be a boon to the U.S. housing market. As markets prepare for a protracted trade war between President Donald Trump’s administration and the government of Chinese…

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JP Morgan cuts ties with OxyContin maker Purdue Pharma

JP Morgan cuts ties with OxyContin maker Purdue Pharma

People pass a sign for JPMorgan Chase at it’s headquarters in Manhattan, New York City. Spencer Platt | Getty Images J.P. Morgan Chase has cut ties with Purdue Pharma over the OxyContin maker’s alleged role in the U.S. opioid crisis, forcing it to find a new bank to manage cash and bill payments, people familiar with the matter said on Thursday. The move makes J.P. Morgan, the largest U.S. bank by assets, the most high-profile…

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Disgraced celebrity chef Mario Batali faces criminal charges for sexual misconduct

Disgraced celebrity chef Mario Batali faces criminal charges for sexual misconduct

Mario Batali Getty Images Celebrity chef Mario Batali is being charged with indecent assault and battery, more than a year after admitting to sexual misconduct. Batali has faced civil litigation, but this is the first time that he has been criminally charged for sexual misconduct. He is scheduled to be arraigned in Boston Municipal Court on Friday morning. The Boston Globe, citing a criminal complaint filed April 4, reported Wednesday that a woman told police…

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