Stocks jumped on Thursday as sources tell CNBC a so-called phase one trade deal between the U.S. and China has been agreed to in principle. The S&P 500 gained 0.9% to end the day at 3,168.57, notching a record close. The Nasdaq Composite also posted an all-time closing high, rising […]
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Trade progress sends stocks soaring – three experts weigh in
The U.S. and China have reached a phase one trade deal in principle. The news sent stocks soaring — the S&P 500 and Nasdaq both closed at records. Three experts weigh in. Steve Grasso, CNBC market analyst, says this is a boon for Wall Street bulls. “The day started out […]
US has a phase one trade deal with China in principle pending Trump’s approval
The Trump administration has reached a “phase one” trade deal with China in principle, pending approval from President Donald Trump, three sources close to talks told CNBC on Thursday. Trump planned to meet with top advisors at 2:30 p.m. ET on Thursday about trade with China and whether to delay […]
Facebook falls on report of possible FTC injunction
The Federal Trade Commission is considering seeking a preliminary injunction against Facebook over antitrust concerns, The Wall Street Journal reported Thursday. Facebook shares fell as much as 4% on the news. The injunction would likely seek to block Facebook from enforcing policies around how its apps interact with each other […]
Stocks jump as sources say ‘phase one’ trade deal agreed to in principle
Stocks jumped on Thursday as sources tell CNBC a so-called phase one trade deal between the U.S. and China has been agreed to in principle. The Dow Jones Industrial Average traded 202 points higher, or 0.7%. The S&P 500 also gained 0.7% while the Nasdaq Composite traded 0.5% higher. Thursday marked […]
Does sustainable clothing made from water bottles make a difference?
Billions of water bottles are recycled and turned into polyester each year. Patagonia pioneered this process in 1993, which has since gained widespread popularity with other brands. Customers now have more environmentally-friendly options when it comes to new purchases, but are there other hidden costs to the environment? 10:09 Thu, […]
Microsoft is pushing forward with JEDI recruiting despite Amazon’s legal fight
Satya Nadella, chief executive officer of Microsoft Corp., departs the “Tech For Good” meeting at Elysee Palace in Paris, France, on Wednesday, May 23, 2018. A group of industry executives met with France’s President Emmanuel Macron to discuss how to use technology to improve people’s lives. Christophe Morin | Bloomberg […]
Trump administration offers to cancel next China tariffs, cut some existing duties in half, sources say
The Trump administration has offered to scrap its next round of tariffs on Chinese goods set to take effect Sunday and slash some existing duties in half, two sources told CNBC. The development signals the White House’s willingness to rein in a trade war between the world’s two largest economies […]
Stocks jump to a record on Trump tweet saying US is ‘very close’ to China trade deal
Stocks jumped to all-time highs on Thursday after President Donald Trump said China and the U.S. were zeroing in on a trade deal, lifting hope that an agreement will be reached before a key deadline. The Dow Jones Industrial Average traded 88 points higher, or 0.3%. The S&P 500 also […]
A top Wall Street researcher found the ideal team size for a money manager to beat the market
Traders and financial professionals work on the floor of the New York Stock Exchange. Drew Angerer | Getty Images News | Getty Images When it comes to money-managing, three is better than one. “Teams do better than single-managed funds,” Michael Mauboussin, director of research at BlueMountain Capital Management, said at […]