European stocks were muted early in Wednesday’s session as comments from U.S. President Donald Trump reignited fears over trade. The pan-European Stoxx 600 traded just below the flatline after the opening bell, oil and gas stocks tumbling 1.2% while household goods were the strongest early performers with a 0.5% rise. European Markets: FTSE, GDAXI, FCHI,
CNBC’s Jim Cramer said Tuesday that investors should be keeping an eye out for buying opportunities, especially with the Federal Reserve on the verge of cutting interest rates. The major averages all dipped during the session Tuesday on lower volume as earning season heats up. The Dow Jones Industrial Average touched another all-time high before
ASML Holding Semiconductor company logo seen displayed on smart phone. ASML is a Dutch company and currently the largest supplier in the world of photolithography systems for the semiconductor industry. ( SOPA Images | LightRocket | Getty Images Could the news get any worse for semiconductors? First the global slowdown clobbered them at the end
Strong travel demand pushed United Airlines Holdings second-quarter profit up more than 50% from a year ago, despite continued challenges from the grounding of the Boeing 737 Max. United did not break out how the grounding, now in its fifth month, affected its bottom line but said it signed an agreement to buy 19 used
A woman walks past JP Morgan Chase’s corporate headquarters in New York. Getty Images A few of the largest U.S. banks on Tuesday warned investors of the effect multiple interest rate cuts by the Federal Reserve could have on their bottom lines throughout the rest of 2019. J.P. Morgan, Wells Fargo and Goldman Sachs all
Amazon‘s annual Prime Day, actually 48 hours this year, certainly boosts memberships — and by extension the value of the company — but the e-commerce giant also needs to focus on serving brands, according to analysts. “If you look at the Prime membership, each year Amazon makes it more and more valuable … which is
David M. Solomon, Chairman and CEO of Goldman Sachs, speaks during the Milken Institute’s 22nd annual Global Conference in Beverly Hills, April 29, 2019 Mike Blake | Reuters Goldman Sachs is years into transitioning from the bank of choice for millionaires to a more inclusive, consumer friendly brand. But the turnaround isn’t cheap. The New
Alex Gorsky, CEO of Johnson & Johnson Adam Jeffery | CNBC Johnson & Johnson vowed to defend itself against lawsuits alleging the company fueled the opioid crisis and that its namesake talc-based baby powder caused ovarian cancer and mesothelioma. The iconic health-care company faces more than 14,000 lawsuits over its talc-based baby powder, as well
Traders take orders in the S&P 500 stock index options pit at the CBOE on July 30, 2014 in Chicago, Illinois. Scott Olson | Getty Images For investors cheering stocks at record highs, a century-old classic theory is saying the market is still not out of the woods yet. The so-called Dow Theory, developed in
Blueflames | Getty Images The average family doesn’t feel as good today as yesterday. Middle-class Americans are less optimistic about their economic prospects than they were just six months ago, according to a new report from CUNA Mutual Group. Although the majority of those polled said they feel relatively stable overall, they graded their chances
The Domino’s Pizza company logo is displayed on the jacket of delivery driver in London, U.K., on February 27, 2017. Jason Alden | Bloomberg | Getty Images Domino’s stock fell Tuesday after the pizza chain reported weaker same-store sales growth as it expands its store base and grapples with the threat of third-party delivery. Share
Former Vice President Joe Biden takes the stage for the second night of the first Democratic presidential debate on June 27, 2019 in Miami, Florida. Drew Angerer | Getty Images If you missed out on a deduction for state and local taxes on your 2018 return, you’re not alone: Former Vice President Joe Biden and
Wells Fargo shares fell on Tuesday despite beating profit forecasts as investors punished lower net interest income than hoped and comments from management that expenses could remain on the higher end of projections into 2020. The bank said its net income was $6.2 billion in the second quarter, up from $5.9 billion in the first
David Solomon, Goldman Sachs Andrew Harrer | Bloomberg | Getty Images Goldman Sachs beat Wall Street’s expectations for second-quarter results Tuesday with outperformance in its investment banking and trading division. Here’s how the company did compared with what Wall Street expected: Earnings: $5.81 per share vs. $4.89 per share forecast by Refinitiv Revenue: $9.46 billion
Johnson & Johnson shares fell 1% Tuesday despite the company posting a 42% profit spike as concerns about lawsuits the company faces regarding its talc-based baby powder and its alleged role in the opioid crisis weighed on investors. Here’s what the company reported compared with Wall Street estimates, based on a survey of analysts by
European stocks were muted on Tuesday morning as traders monitor a slew of earnings reports. European Markets: FTSE, GDAXI, FCHI, IBEX The pan-European Stoxx 600 hovered just below the flatline in early trade, with construction and material stocks getting off to the strongest start with a 0.4% rise, while oil and gas shares slipped 0.6%.
Stewart Butterfield, CEO and co-founder of Slack, attends the annual Allen and Co. Sun Valley media conference in Sun Valley, Idaho, July 10, 2019. Gerry Miller | CNBC Microsoft might be the primary competitor for Slack, but the widespread adoption of Microsoft’s software is not a major problem for Stewart Butterfield, co-founder and CEO of
With the economic slowdown in mind, CNBC’s Jim Cramer on Monday took time to review the stocks that he says big fund investors are turning their attentions to for the rest of the year. Money managers at the big financial institutions have the most influence of prices on Wall Street, and understanding how those traders
The depressed valuations for banks and other financial firms mean “this is the time” for acquisitions and mergers in the industry, a former CEO of Wells Fargo said Monday. “Anytime you have high regulations in any industry, you get concentration, and banks are cheap,” Richard Kovacevich said on CNBC’s “Closing Bell. ” “So if you’re
Treasury Secretary Steven Mnuchin has concerns about Facebook‘s proposed cryptocurrency and its potential illicit use. In a press conference Monday, Mnuchin said Facebook’s planned digital currency “could be misused by money launderers and terrorist financiers” and that it was a “national security issue.” “Cryptocurrencies such as bitcoin have been exploited to support billions of dollars
Jeff Bezos announces Blue Moon, a lunar landing vehicle for the Moon, during a Blue Origin event in Washington, DC, May 9, 2019. Saul Loeb | AFP | Getty Images Amazon is looking to expand its empire and Morgan Stanley believes Jeff Bezos‘ ambitious satellite internet plan may become one of its most lucrative businesses.
Oklahoma Attorney General Mike Hunter speaks during closing arguments in Oklahoma’s ongoing opioid drug lawsuit against Johnson & Johnson, Monday, July 15, 2019, in Norman, Okla. Sue Ogrocki | AP Lawyers for the state of Oklahoma on Monday urged a judge to hold Johnson & Johnson responsible for fueling the U.S. opioid epidemic, as the
Bay Ismoyo | AFP | Getty Images The second-quarter earnings season kicks into full gear this week, but a trend is already emerging with the companies that have reported so far. The strong dollar is eating away at company profits. Of the 5% of S&P 500 companies that have reported so far, more than half
Larry Culp, CEO, General Electric Scott Mlyn | CNBC Here are the biggest calls on Wall Street on Monday: UBS downgraded GE to ‘neutral’ from ‘buy’ UBS downgraded the stock citing valuation, a decline in interest rates, and ongoing power market weakness. “We are downgrading GE to Neutral, as a notable decline in interest rates and
Matteo Colombo | DigitalVision | Getty Images You’re all packed and ready for your trip. You know what you’re paying for airfare, hotel and other big ticket items. You even have money set aside for spending. Yet, one wrong move in the planning process — or while you are away — can blow your budget.
It’s become one of the biggest shopping events of the year, yet some discounts are better than others. The 48-hour Amazon Prime Day extravaganza began at 3 a.m. Monday ET, with more than 1 million deals being offered to members, including intermittent “lightning deals.” For example, the Toshiba HD 43-inch Fire TV Edition Smart TV
Citigroup on Monday beat analysts’ expectations for second-quarter profit and revenue on gains from the initial public offering of electronic bond trading platform Tradeweb. The bank posted profit of $4.79 billion, or $1.95 per share, compared with the $1.80 estimate of analysts surveyed by Refinitiv. Excluding the impact of the IPO, the bank would have
Ashley Cooper/Construction Photography/Avalon | Hulton Archive | Getty Images Wind turbines in Scotland generated 9,831,320 megawatt hours between January and June 2019, WWF Scotland said Monday. The numbers, which were supplied by WeatherEnergy, mean that Scottish wind generated enough electricity to power the equivalent of 4.47 million homes for six months. That is almost double
European stocks traded higher Monday morning, despite worries that China’s economy is slowing amid a trade war with the U.S. European Markets: FTSE, GDAXI, FCHI, IBEX The pan-European Stoxx 600 edged 0.5% higher in early deals. Basic resources leading led the gains with a 1.3% rise while food and beverage stocks slipped 0.2% and were
Hemp plants are grown for medical research purposes in Chiang Mai province, Thailand. Taylor Weidman | Bloomberg | Getty Images With Thailand’s legalization of medical cannabis in February, some experts predict that other Southeast Asian countries may move to decriminalize the plant. If that happens, it could prove a significant opportunity for investors interested in