On Oct. 1, China will celebrate its 70-year transformation into an economic superpower — just in time for widespread fears that a trade war with the United States will derail that growth and drag the world economy down with it. From a markets perspective, a lot is at stake. A July […]
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Trump says meeting with Kim Jong Un ‘could happen soon’
Donald Trump, who orchestrated a spur-of-the-moment June encounter with Kim Jong Un that saw him become the first U.S. president to set foot in North Korea, said Monday that another meeting with the North Korean leader “could happen soon.” Trump provided few details, and it wasn’t clear what officials were […]
US-China trade talks will resume in two weeks, Mnuchin says
Flags of the United States and China Narvikk | E+ | Getty Images U.S. Treasury Secretary Steven Mnuchin said on Monday that he and U.S. Trade Representative Robert Lighthizer would meet with Chinese Vice Premier Liu He for trade talks in two weeks. “It’s actually, I think, it’s not next […]
Everything Jim Cramer said on ‘Mad Money,’ including stock valuations, Canopy Growth vapes
Jim Cramer draws parallels between the current market and that of the dot-com era: “You have to be skeptical of markets … where more and more stocks are valued on something other than earnings.” The “Mad Money” host rails on the 2019 class of IPOs and rehashes his feeling that […]
Facebook agrees to acquire brain-computing start-up CTRL-labs
Facebook on Monday announced the acquisition of CTRL-labs, a New York startup that specializes in allowing humans to control computers using their brains. The startup will join Facebook Reality Labs, a division of the social media company that is working to develop augmented-reality smart glasses. The size of the deal […]
The days of sharp, sustained spikes in oil prices are likely gone for now, analyst tells Jim Cramer
Global shakeups that cause dramatic and sustained spikes in oil prices are, for now, unlikely to occur, oil expert Rusty Braziel told CNBC’s Jim Cramer on Monday. Braziel’s remarks on “Mad Money” come a little more than a week after half of Saudi Arabia’s oil production was knocked offline in […]
FAA says each country will make ‘its own decision’ on when the Boeing 737 Max returns
Boeing 737 MAX airplanes are seen parked on Boeing property on August 13, 2019 in Seattle, Washington. David Ryder | Getty Images The Boeing 737 Max’s return to service after two fatal crashes will be up to the safety assessment of each country, the Federal Aviation Administration said Monday. FAA […]
Jim Cramer warns of dot-com era parallels: ‘This is not a normal market, so we need to be careful’
Investors ought to be cautious as more and more stocks are being valued based on measures other than the revenue or earnings numbers that their underlying companies produce each quarter, CNBC’s Jim Cramer warned Monday. Too many stocks are trading on “nontraditional valuation metrics” that make the market more difficult […]
Stocks making the biggest moves after hours: VEREIT, Transocean, Univar Solutions and more
People exit the New York Stock Exchange building along Wall Street in New York City. Stephanie Keith | Getty Images Check out the companies making headlines after the bell: VEREIT shares tanked nearly 12% before settling 2.3% under its closing price after the real estate investment company announced it will […]
Trump surprised when Mnuchin says he asked China trade delegation to cancel farm tour
President Donald Trump was clearly surprised Monday — and asked “why?” — when Treasury Secretary Steven Mnuchin said U.S. officials asked members of China’s trade delegation to cancel a scheduled farm tour in the United States last week. American stock market indices plunged Friday on the news of the cancellation of […]