Stock markets in Asia have already given investors most of the returns they can get this year — and shares prices in the region may struggle to grow much more for the rest of 2019, J.P. Morgan said on Tuesday. Asian stocks have had a strong start to the year […]
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Walmart is launching its first subscription box for apparel. And this one’s for kids
Walmart is finally getting into the subscription business for apparel. The retailer on Tuesday announced it’s partnering with Kidbox, a subscription-box company akin to Stitch Fix but focused solely on selling clothes for babies, girls and boys. Now, Walmart shoppers will be able to purchase as many as six different […]
The specter of Chinese investment looms over Indonesia’s election
Economic nationalism and issues of religious identity are at the forefront of Indonesia’s upcoming elections as the world’s largest Muslim-majority country goes to the polls on Wednesday. Incumbent President Joko Widodo, also known as Jokowi, is seeking a second term as he faces off against Prabowo Subianto, a retired army […]
Democratic presidential candidate Beto O’Rourke releases 10 years of tax returns
Democratic presidential candidate Beto O’Rourke on Monday released 10 years of his tax returns, with the most recent filing showing that he and his wife earned more than $360,000 in income. Encompassing 2008 through 2017, the hundreds of pages of returns show that the former Texas congressman and his wife, […]
US House panels issue subpoenas to Deutsche Bank, others in Trump probe
Two U.S. House of Representatives committees have issued subpoenas to multiple financial institutions, including Deutsche Bank, for information on President Donald Trump‘s finances, the panels’ Democratic leaders said on Monday. “The potential use of the U.S. financial system for illicit purposes is a very serious concern. The Financial Services Committee […]
2020 contender Bernie Sanders releases 10 years of tax returns showing bump from campaign book
Sen. Bernie Sanders, I-Vt., released 10 years of tax returns Monday evening, showing the majority of his income came from his U.S. Senate salary until 2016, when his income jumped with the publication of a book on his first presidential run. His total income popped to over $1 million in […]
Cramer: These stocks could benefit from Tiger Woods’ Masters win
The golfing industry might be in for a windfall after Tiger Woods clinched his fifth Masters win on Sunday, CNBC’s Jim Cramer said. “I think the golf renaissance is about to blow up thanks in part to the Tiger Woods effect, and right now the best pure play on the […]
Pulitzer Prizes honor coverage of mass shootings, Trump’s hush-money scandals, Yemen’s civil war
The South Florida Sun Sentinel and the Pittsburgh Post-Gazette won Pulitzer Prizes on Monday and were recognized along with the Capital Gazette of Maryland for their coverage of three horrifying mass shootings in 2018 at a high school, a synagogue and a newsroom itself. The Associated Press won in the […]
Cramer: Investors must study up on the Amazon effect before buying any stock
Investors should factor the Amazon effect into their stock-picking homework because the company is a “Death Star” that could disrupt any industry it decides to set its gaze on, CNBC’s Jim Cramer said Monday. “Any company with any kind of consumer product could potentially end up in their crosshairs, and […]
After-hours buzz: J.B. Hunt, AT&T, American Airlines & more
Check out the companies making headlines after the bell: Shares of J.B. Hunt sank more than 4% in extended trading Monday following the release of the transportation company’s first-quarter results. J.B. Hunt reported earnings per share of $1.09 on revenue of $2.09 billion. Wall Street was looking for earnings per […]