U.S. stock index futures were slightly lower Wednesday morning, as market participants continue to monitor an intensifying trade war between the world’s two largest economies. At around 03:15 a.m. ET, Dow futures slipped 33 points, indicating a negative open of more than 29 points. Futures on the S&P and Nasdaq were both seen slightly lower.
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TransferWise co-founders Taavet Hinrikus and Kristo Kaarmann. TransferWise TransferWise, the money transfer company that’s taking on Western Union, is valued at $3.5 billion after a new investment round, making it Europe’s most valuable financial technology start-up. In lowering fees and adding a slick online platform to help consumers move money globally and track their transfers,
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CNBC’s Jim Cramer said Tuesday it appears that cannabis companies could be seeing some “meaningful differentiation.” He took a look at the chart patterns of stocks in the sector as interpreted by Tim Collins, a technician and Cramer colleague at RealMoney.com. “The charts, as interpreted by Tim Collins, suggest that GW Pharma and Village Farms
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Shoppers enter the Nordstrom store April 1, 2003 on Michigan Avenue in Chicago. Scott Olson | Getty Images Check out the companies making headlines after the bell: Shares of Nordstrom tanked more than 9% in extended trading after the department store reported first-quarter results that missed on the top and bottom lines. Nordstrom reported earnings
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Once primarily used for financing purchases such as washing machines or winter coats when the economy was floundering, layaway has a whole new look. Now called point-of-sale loans, installment payments are once again shaking up how consumers finance purchases — on everything from sneakers to skin care. “As brick-and-mortar retailers continue to face challenges, many
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Economic optimism among young people is at record lows around the world, according to a new research. Deloitte’s 2019 Millennial Survey, published Monday, found that younger generations are not particularly satisfied with their financial situations, jobs, or governments. Researchers from the management consultancy surveyed 13,416 millennials across 42 countries and 3,009 Gen Z respondents across
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Home Depot on Tuesday reported fiscal first-quarter earnings that beat analysts’ expectations, despite record-breaking wet weather in February and falling lumber prices. Sales performance came in below the company’s expectations, Home Depot’s CEO Craig Menear said on the company’s earnings call. He attributed this to the month of February being the second wettest on record
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You know there’s an underlying problem when investment firms start to cut exposure to a particular asset class. Goldman Sachs’ decision last week to slash exposure to emerging markets is an indication of the current situation for these economies. The bank’s asset management arm said it had scaled back its “overweight” exposure to emerging market
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CNBC’s Jim Cramer revealed Monday that he has a “hard pass” on newly-public Luckin Coffee. That’s because initial public offerings of Chinese-owned companies have brought too much pain, he said. Luckin, the Beijing-based chain that wants to surpass Starbucks as the biggest coffee chain in that country, surged as much as 50% after opening at $25
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Visitors try out the Huawei Mate S smartphone. Sean Gallup | Getty Images News | Getty Images A sell-off in chip stocks intensified on Monday following a report that semiconductor makers are cutting ties with Huawei following restrictions imposed by President Donald Trump’s administration. The U.S. Commerce Department last week blacklisted Huawei and effectively halted
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