Finance

Elijah Nouvelage | Bloomberg | Getty Images Jerome Powell, chairman of the U.S. Federal Reserve, speaks during the American Economic Association and Allied Social Science Association Annual Meeting in Atlanta, Georgia, U.S., on Friday, Jan. 4, 2019. Fed Chairman Jerome Powell sparked a huge stock market rally after he delivered just the message investors wanted
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Elijah Nouvelage | Bloomberg | Getty Images Jerome Powell, chairman of the U.S. Federal Reserve, speaks during the American Economic Association and Allied Social Science Association Annual Meeting in Atlanta, Georgia, U.S., on Friday, Jan. 4, 2019. Federal Reserve Chairman Jerome Powell said Friday that the central bank “wouldn’t hesitate” to adjust how quickly it
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Wang Zhao | AFP | Getty Images A man is reflected on a screen showing the iPhone XR at an Apple store in Beijing on January 3, 2019. A national Chinese anti-counterfeit alliance called on Apple on Thursday to comply with a court order banning sales of some iPhones in the country. The order was
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Investors are hoping a strong December jobs report and dovish words from the Federal Reserve chairman will ease rising concerns about an economic slowdown. The December employment report, released at 8:30 a.m. ET Friday, is expected to show 177,000 non-farm payrolls were added, after 155,000 in November, and an unchanged unemployment rate of 3.7 percent,
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The “Options Action” traders share three options trading strategies to kick off the week. Mike Khouw recommends a call spread in Disney. Carter Worth recommends the Russell 2000 small-cap ETF. Brian Kelly recommends shorting the U.S. Dollar. Trader disclosure: Brian Kelly is long AMD, CBOE, CME, GCAP, GS, HIVE, IBM, MCB, MSFT, MU, NVDA, OSTK,
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Check out the companies making headlines before the bell: Amazon.com – Amazon is planning a significant expansion of its Whole Foods grocery stores, according to The Wall Street Journal. The paper said Amazon is scouting new locations in more suburbs, and in areas where Whole Foods is already growing in popularity. Deutsche Bank – Deutsche
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Brendan McDermid | Reuters A trader works at his post on the floor of the New York Stock Exchange, December 19, 2018. The Wall Street Journal reports Apple has lost nearly $9 billion this year buying back its own stock. Apple is one of those buyback monsters that has spent significant money to buy back
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This week’s wild swings on Wall Street mean little to some market players, who look past the huge bounce in stocks and are ready to zero in on the earnings season that kicks off in the second week of January. The Dow Jones Industrial Average on Wednesday surged a whopping 5 percent, the largest one-day
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Check out the companies making headlines before the bell: Procter & Gamble, IBM – The two companies separately announced that former American Express CEO Kenneth Chenault will retire from the boards of both companies. Both exits are effective February 13. Lockheed Martin – The defense contractor was awarded a $712 million defense contract to develop
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Christopher Goodney | Bloomberg | Getty Images Christopher Ailman, chief investment officer of the California State Teachers Retirement System Investors should be careful as the recent spike in market volatility is far from normal, according to the manager of the California State Teachers’ Retirement System, which has more than $200 billion in assets. “The last
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The impact of Trump’s tariffs on China’s economy has mostly only been psychological so far in the ongoing trade war, analysts say. That’s may be set to change next year, potentially denting Chinese growth. “With the tariffs we haven’t seen the direct impact, but we’ll see that next year,” said Tom Rafferty, principal economist for
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