Escalated geopolitical tensions swooped in and spoiled the market’s party in the new year, and Wall Street analysts warned the sell-off might be just beginning. After a historic run in 2019 and a strong first day of 2020, the S&P 500 fell after a U.S. airstrike in Iraq killed Iranian […]
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A timeline: How US-Iran tensions led to the death of Qasem Soleimani
As the U.S. braces for more conflict with Iran, Tehran says it is backing further away from a landmark 2015 deal to limit its development of nuclear weapons. The state announced Sunday that it would not follow a key guideline of the agreement following the U.S. killing of its top […]
Lululemon founder Chip Wilson: Under Armour ‘lost it many years ago’
The founder of leggings maker Lululemon thinks the market for athletic apparel today is a four-way race between Nike, Adidas, Lululemon and Chinese apparel manufacturer Anta Sports. Notice what company isn’t on that list? Under Armour. “I think Under Armour kind of lost it many years ago,” Lululemon founder Chip […]
John Bolton says he will testify in Trump’s impeachment trial if the Senate subpoenas him
New National Security Adviser John Bolton listens as U.S. President Donald Trump holds a cabinet meeting at the White House in Washington, April 9, 2018. Kevin Lamarque | Reuters Former national security advisor John Bolton said in a statement Monday that he is willing to testify in President Donald Trump’s […]
Wall Street market analysts see deeper sell-off ahead: ‘Ripe for a tactical correction’
Escalated geopolitical tensions swooped in and spoiled the market’s party in the new year, and Wall Street analysts warned the sell-off might be just beginning. After a historic run in 2019 and a strong first day of 2020, the S&P 500 fell after a U.S. airstrike in Iraq killed Iranian […]
Investors have been wary of retail stocks, but in 2020 there could be some great bets
Getty Images Some of the most beaten-down names in retail might end up being your best bets in 2020. That’s not to say there still isn’t reason to be wary about some of these companies. You’re taking a risk when you invest in a struggling business, especially in the challenged […]
Defense stocks double the S&P 500’s return six months after Middle East turmoil, history shows
Lockheed Martin F-35 Joint Strike Fighter Lightning II Robert Sullivan | FlickrCC Shares of defense companies outperform the broader market in the six months following a crisis event in the Middle East, according to an analysis by CNBC. Defense stocks have risen since a U.S. airstrike killed Maj. Gen. Qasem […]
Dow falls as Middle East turmoil sparks geopolitical worries
The Dow Jones Industrial Average fell for a second straight session on Monday as concerns over geopolitical tensions between Iran and the U.S. remained high following last week’s assassination of a top Iranian military leader. The 30-stock Dow dropped slightly: 49 points, or 0.2%. The S&P 500 was flat while […]
Crude turns lower, giving up earlier gains despite fears of Iran retaliation against US interests
Thousands of Iranians hold banners and posters as they take part in a pro-government rally in Mashhad, Iran on January 4, 2018. Nima Najafzadeh/Anadolu Agency/Getty Images Crude turned lower on Monday, giving up earlier gains, despite ongoing fears of Iran’s retaliation against U.S. interests. Earlier in the session oil prices […]
Cramer: ‘Endless buying for gold’ could signal a shift to real fear in the stock market
Jim Cramer Scott Mlyn | CNBC The investment community seems to be underestimating the potential fallout from rising tensions between the United States and Iran, CNBC’s Jim Cramer warns. Just after Monday’s opening bell on Wall Street, Cramer said on “Squawk on the Street” that the key to the stock […]