Hong Kong has reached a point of “no return,” one strategist told CNBC on Thursday. “There is no return to what Hong Kong was. I don’t see the social situation being easily resolved, and I don’t see it getting better. So my forecast is pretty gloomy,” said David Roche, founder […]
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China’s hog herd may drop by 55% due to fatal swine fever, says Rabobank
Pigs raised by farmers are seen at Linquan county on December 5, 2018 in Fuyang, Anhui Province of China. Visual China Group | Getty Images China’s hog herd fell by half in the first eight months of 2019 due to a devastating outbreak of African swine fever and will likely […]
Robots can help doctors perform heart surgery remotely
Open heart surgery is carried out on a baby at the Narayana Hrudayalaya Institute of Cardiac Sciences in Bangalore, India, June 30, 2005. Michael Crabtree | Getty Images News | Getty Images A robot helped doctors carry out the world’s first remote heart surgery in India – a “milestone” development, […]
North Korea says it successfully tested new submarine-launched ballistic missile
North Korea’s leader Kim Jong Un supervises a “strike drill” for multiple launchers and tactical guided weapon into the East Sea during a military drill in North Korea, in this May 4, 2019 photo supplied by the Korean Central News Agency (KCNA). KCNA | Reuters North Korea said on Thursday […]
Everything Jim Cramer said on ‘Mad Money,’ including market sell-off plays, Paychex CEO interview
CNBC’s Jim Cramer on Wednesday urged investors to wait for the market to sell-off more before scooping up stocks. The “Mad Money” host did, however, offer a few stocks that are safe to build position in, such as Frank’s Red Hot-parent McCormick. Later in the show, he checks in with […]
In this unpredictable market, buy stock in spice and food giant McCormick, Jim Cramer says
CNBC’s Jim Cramer said Wednesday that spice maker and food company McCormick is a stock worth owning as the market continues its recent unpredictability. “A straightforward consumer staple play like McCormick is just what the doctor ordered,” the “Mad Money” host said. “As long as the market remains choppy, I […]
Stocks making the biggest moves after hours: Tesla, Bed Bath & Beyond, GoPro and more
Tesla cars are seen at a shopping mall showroom in Los Angeles. Mark Ralston | AFP | Getty Images Check out the companies making headlines after the bell: Tesla shares dipped as much as 5% during extended trade after the electric-car maker reported lower-than-expected vehicle deliveries for its third quarter. […]
US declares ‘win’ in Boeing-Airbus subsidy dispute, but travelers will pay
Delta unveils it’s first Airbus A350. Leslie Josephs | CNBC The U.S. on Wednesday announced tariffs on Airbus planes after winning a World Trade Organization dispute over subsidies received by the aircraft manufacturer, and travelers may end up paying higher airfare as a result. The tariffs stem from a 15-year-old dispute […]
Bed Bath & Beyond boosts store closure estimates, says 60 stores may close by end of 2019
Signage is displayed outside of a Bed Bath & Beyond Inc. store in Los Angeles, California, U.S., on Monday, Sept. 19, 2016. Patrick T. Fallon | Bloomberg | Getty Images Bed Bath & Beyond will close 60 stores by the end of fiscal 2019, the company announced in an earnings […]
Kroger to lay off hundreds, as questions about its turnaround plan linger
Daniel Acker | Bloomberg | Getty Images Kroger is laying off hundreds of employees across the family of grocery stores it owns, a person familiar with the situation tells CNBC. The unionized grocer, which also owns Harris Teeter, Ralphs, Fred Meyer, has 443,000 full-time and part-time employees. A spokeswoman for […]