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.
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,
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
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
Deutsche Bank is standing by its call for a 30% return on the S&P 500 this year, despite increasing global fears over the escalating U.S.-China trade dispute. Binky Chadha — head of asset allocation and chief equity strategist at the firm — told CNBC on Tuesday that he is keeping the S&P target at 3,250,
Traders and financial professionals work at the opening bell on the floor of the New York Stock Exchange (NYSE), May 6, 2019 in New York City. Drew Angerer | Getty Images News | Getty Images Stock picking is making a comeback as active investors are on pace for one of their best years in a
GP: Elon Musk, chief executive officer of Tesla Inc., speaks during an event at the site of the company’s manufacturing facility in Shanghai, China, on Monday, Jan. 7, 2019. Qilai Shen | Bloomberg | Getty Images With Tesla’s stock sinking to around $200 this week, Craig Irwin, an analyst at Roth Capital Partners told CNBC
Chinese President Xi Jinping stands by national flags. Johannes Eisele | AFP | Getty Images Chinese President Xi Jinping ramped up his rhetoric yet again on the trade war. “We are here at the starting point of the Long March to remember the time when the Red Army began its journey,” Xi said at a
Dara Khosrowshahi, chief executive officer of Uber Technologies speaks on a webcast during the company’s initial public offering on the floor of the New York Stock Exchange, May 10, 2019. Michael Nagle | Bloomberg | Getty Images Uber is a revolutionary company, but don’t rush to buy the stock, Susquehanna Financial Group said Tuesday. “We
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
When Julie Penwell graduates from Central Washington University this spring, she plans to pursue the career she has been dreaming about since she was 15-years-old — that of a personal financial planner. Penwell decided to pursue the profession after a high school financial planning class gave her what she describes as “base level financial literacy”
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
Kohl’s and JC Penney delivered disappointing first-quarter earnings reports Tuesday morning, putting a damper on other department stores, as their stocks tumbled. Shares of Kohl’s fell 13%, and Penney shares were down 8% in early trading. Macy‘s stock was down 1.5%, Nordstrom‘s stock dropped 1% and Dillard’s fell 1.2%. Penney’s net loss nearly doubled during
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
Chinese President Xi Jinping stands by national flags. Johannes Eisele | AFP | Getty Images There’s more pain ahead for the U.S. and China as their bilateral trade dispute drags on, an expert forecast on Tuesday. “It’s going to get worse before it gets better,” said Curtis Chin, an Asia fellow at the Milken Institute,
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
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
Traders work on the floor of the New York Stock Exchange on May 20, 2019 in New York City. Spencer Platt | Getty Images News | Getty Images Check out the companies making headlines after the bell: Shares of Merck & Co dropped as much as 9% in extended trading on Monday, before erasing those
A SpaceX Falcon Heavy rocket, carrying the Arabsat 6A communications satellite, lifts off from the Kennedy Space Center in Cape Canaveral, Florida, April 11, 2019. Thom Baur | Reuters SpaceX has hurtled to the top of the launch industry over the past decade, last year bringing in more revenue than any other rocket company, according
Boeing Co. 737 Max planes are seen at the company’s manufacturing facility in Renton, Washington, U.S., on Tuesday, Mar. 12, 2019. David Ryder | Bloomberg | Getty Images Jefferies expects Boeing to launch a new plane later than its analysts anticipated as the company grapples with an ongoing crisis related to its 737 Max plane.
Drew Angerer | Getty Images News | Getty Images Eyeballing that Mega Millions jackpot? Good ol’ Uncle Sam is, too. After more than two months of twice-weekly drawings with no one matching all six numbers, the top prize has climbed to $367 million for Tuesday night’s drawing. The last jackpot won was on March 12,
Nearly 400 young men at Morehouse College learned that their commencement speaker — billionaire Robert F. Smith — will pay off their student loans. It will take years, potentially decades, to obtain a full picture of how graduating debt-free shaped the lives of these students at the historically black college in Atlanta. In the meantime,
Mikaila Ulmer, left, and Microsoft CEO Satya Nadella speak onstage at We Day at KeyArena in Seattle on April 20, 2016. in Seattle, Washington. Mat Hayward | We Day | Getty Images As Facebook, YouTube, Twitter and other social platforms come under fire for enabling hateful speech, Microsoft is stepping up to thwart toxic comments
Hero Images | Getty Images When it comes to putting a ring on it, younger generations are saying yes, but for less. Two-thirds of younger Americans — Generation Z and young millennials — think an engagement ring should cost less than $2,500, according to a new survey from TD Ameritrade. That is about half of
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
A tribute to Jack Bogle, founder and retired CEO of The Vanguard Group, is displayed on the bell balcony over the trading floor of the New York Stock Exchange in New York, January 17, 2019. Brendan McDermid | Reuters If you’re a follower of Jack Bogle’s legendary investment philosophy, you want to buy low-cost index
The best time to prepare for being let go is while you’re still punching in at work. While employment overall has been rosy — the unemployment rate went down 20 basis points to 3.6% in April, according to the U.S. Bureau of Labor Statistics — signs of job cuts are emerging. Last month, U.S.-based businesses
Mobile phone parts producer Lumentum on Monday was the first U.S. company to confirm formally it was halting shipments to Huawei Technologies , following export restrictions put in place by the United States Department of Commerce. The company, which is seen as a major supplier of Apple’s Face ID technology, said it cannot predict when
Should President Donald Trump follow through on threats to put tariffs on virtually all Chinese imports to the U.S, it could have a significant impact on the bottom line for American companies. Goldman Sachs estimates that if the president imposes duties on the remaining $300 billion in goods not already targeted, it could lower earnings
There’s an expense lurking on the horizon for retirees that is largely unpredictable but likely: Long-term care. With premiums skyrocketing on insurance policies designed to cover that cost, financial advisors are turning to a variety of other strategies to help clients prepare for a day when they might need help with daily living activities such
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