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Citigroup posted fourth-quarter revenue that missed analysts estimates by a half billion dollars as bond trading revenue declined amid a difficult December for markets. The bank’s fixed income, currency and commodities desks produced 21 percent less revenue than a year earlier as trading conditions deteriorated after the company gave guidance in early December, according to
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Bank of America-Merrill Lynch sees evidence the stock market’s bullish activity has near-term staying power. And, it’s using a currency chart to illustrate its case. Paul Ciana, the firm’s chief global technical strategist, highlighted the dollar versus the Chinese yuan on CNBC’s “”Futures Now” to show the strength of “risk on” (or high-yielding, risk-sensitive) assets.
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Kevin Frayer | Getty Images The Apple logo is seen on the window at an Apple Store on January 7, 2019 in Beijing, China. Goldman Sachs is predicting that earnings growth in 2019 could be quite disappointing, advising clients to steer clear of companies leveraged to strong economic growth. In a research note to clients
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Lockheed Martin Corp.: “That’s not a growth stock. That is not a growth stock, not with Democrats taking over control of the House. I am not going to steer you toward Lockheed Martin. If you want growth, I suggest you do not look at the defense stocks.” J.M. Smucker Co.: “They keep missing the quarter,
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Investors concerned about the Federal Reserve’s interest rate policy and the U.S.-China trade dispute should take a stake in gold here, CNBC’s Jim Cramer said Friday as stocks slid for the first time in six days. “If you’re looking for an insurance policy against volatility and economic uncertainty, gold is a great way to go,”
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Chinese consumers are starting to “take sides” as the U.S.-China trade dispute rages on, and that could hamper the success of some U.S. companies, CNBC’s Jim Cramer said Friday. Perhaps it already is: U.S. tech giant Apple recently warned that its fiscal first-quarter results would miss expectations due to weaker-than-anticipated iPhone sales in China. Then,
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Huawei’s research and development company, Santa Clara, Calif.-based Futurewei Technologies, was blocked this week from shipping telecommunications equipment and software manufactured stateside. The Commerce Department called the equipment a security risk. It’s part of a multi-pronged effort “to ratchet up the pressure on China,” said Tom Kellermann, chief cybersecurity officer of cybersecurity company Carbon Black
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Stocks are taking a cue from volatile oil prices, where traders are looking for signs of a recession and other problems in the market, according to analysts. Crude futures and stocks have been trading in tandem throughout much of the last few months in part because both markets are concerned about the same macro factors:
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With prominent Democrats looking to unwind two years of deregulation under President Donald Trump, the seat will put her in a position to exert substantial influence. Her appointment also will give new committee Chairwoman Maxine Waters, D-Calif., an important ally. During a hearing in November, shortly after the Democrats recaptured the House in the midterm
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