The drop in earnings for men is the biggest challenge facing the economy today, according to Stephen Moore, who President Donald Trump has said he wants to nominate to the Federal Reserve board. Moore spoke with CNBC’s “Squawk Box ” on Tuesday. This is breaking news. Please check back here […]
CNBC News
Here are the big stocks Warren Buffett is betting on ahead of his annual meeting this week
Warren Buffett, Chairman and CEO of Berkshire Hathaway. David A. Grogan | CNBC Tens of thousands of investors are gearing up to flock to Omaha, Nebraska for Berkshire Hathaway‘s annual shareholders meeting this week, anxious to hear from Warren Buffett about his views on the company, the economy and the […]
Amazon just did something it hasn’t done in a decade
It seems Amazon can’t be stopped. The stock just posted its seventh straight week of gains — its longest weekly winning streak in a decade — and the stock chart just formed a “golden cross” pattern, which could signal more gains. Used by technicians, a golden cross is when the […]
North Korea warns of ‘undesired’ outcome if US fails to change position in nuclear talks
U.S. President Donald Trump walks with North Korean leader Kim Jong Un during a break in talks at the U.S.-North Korea summit in Hanoi on February 28, 2019. Saul Loeb | AFP | Getty Images North Korea’s vice foreign minister said on Tuesday that the United States will face undesired […]
Starbucks rolls out its summer line-up as cold drinks drive sales growth
Mark Makela | Reuters As Starbucks signals the start of warmer weather by rolling out its summer menu Tuesday, investors can expect sales to heat up as customers clamor for its chilled drinks. Even in the chilly winter months, cold beverages have helped Starbucks’ sales grow. So the company’s strategy […]
Apple supplier AMS surges 20% as it diversifies to Android phones
Getty Images Shares of chipmaker AMS jumped more than 20% Tuesday morning after the Austrian group posted an upbeat outlook for the second quarter, amid rising demand for its 3D optical sensors in Android smartphones. AMS is known as the supplier of Apple‘s facial recognition technology, but has looked to […]
China is letting its currency decline in a ‘snub’ to Trump, ING says
studioEAST | Getty Images China has started letting the yuan weaken slightly in a pointed “snub” to U.S. President Donald Trump, Dutch bank ING said in a report. Different U.S. administrations have long claimed China derives unfair export price advantages by keeping the yuan artificially weak, a charge Beijing denies. […]
BP first-quarter profits slip despite oil price recovery
A BP company logo at a gas station in London, U.K. Chris Ratcliffe | Bloomberg | Getty Images BP reported first-quarter profit largely in line with expectations on Tuesday, citing tough market conditions at the start of the year. The British oil giant posted first-quarter underlying replacement cost profit, used […]
Oil traders eye Saudi Arabia’s response in a critical juncture for crude
A gas flame is seen in the desert near the Khurais oilfield, near Riyadh, Saudi Arabia. Ali Jarekji | Reuters Global oil markets sit at a critical juncture, with risks to supply being balanced against rising prices and questions over whether major producers will now turn on the taps. Brent […]
Globalization is waning, and a US-China trade deal won’t solve that, strategist says
Globalization is waning, and a U.S.-China trade deal would do nothing to reverse that phenomenon, according to a global investment strategist. Peak globalization has actually already come and gone, according to David Roche, president and global strategist at London-based Independent Strategy. “The actual reversal of globalization started over seven years ago,” […]