Wall Street sees major growth potential for Luckin in untapped Chinese coffee market
Picture of a cup of coffee at a Luckin Coffee location. Fred Dufour | AFP | Getty Images Beijing-based coffee chain Luckin Coffee is catching the eye of Wall Street analysts who are hoping the newly public company’s technology-driven business...
The Fed won’t cut rates at its June meeting. Here’s why
Federal Reserve Chairman Jerome Powell holds a press conference following a two day Federal Open Market Committee policy meeting in Washington, January 30, 2019. Leah Millis | Reuters With pretty much everyone convinced that the Fed is going to be...
This chart shows why everyone on Wall Street is so worried about the yield curve
Wall Street’s top rated economist Ed Hyman just called the yield-curve inversion “the number one” market risk, and this chart shows why. Going back to 1986, when the yield curve turned flatter drastically and eventually inverted, the S&P 500 tends...
Brad Pitt and Laurene Powell Jobs are reportedly invested in a mysterious ‘cold fusion’ energy company
Actor/producer Brad Pitt accepts the PGA Visionary Award during the 26th Annual Producers Guild Of America Awards last January in Los Angeles. Getty Images Hollywood star Brad Pitt, Steve Job’s widow Laurene Powell Jobs and UK-based stock-picker Neil Woodford are...
US business inventories rebound; sales fall
An employee operates a forklift at the distribution center of the Oregon Freeze Dry facility in Tangent, Oregon. Leah Nash | Bloomberg | Getty Images U.S. business inventories rebounded in April as sales fell, but inventory accumulation is still expected...
The Fed is likely to drop ‘patient’ word next week, clearing way for July cut, economists say
Federal Reserve Chairman Jerome Powell holds a press conference following a two day Federal Open Market Committee policy meeting in Washington, U.S., January 30, 2019. Leah Millis | Reuters Even with President Donald Trump and the markets calling for lower...
The Fed is likely to drop ‘patient’ word this week, clearing way for July cut, economists say
Federal Reserve Chairman Jerome Powell holds a press conference following a two day Federal Open Market Committee policy meeting in Washington, U.S., January 30, 2019. Leah Millis | Reuters Even with President Donald Trump and the markets calling for lower...
Half of Americans say their financial situation hasn’t improved since the Great Recession
Pedestrians pass in front of the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images The Great Recession has officially been over for a decade. For many Americans, there’s little reason to celebrate. Many people’s finances haven’t recovered...
Trump says stock market would be ‘10,000 points higher’ if Fed didn’t raise rates
President Donald Trump renewed his criticism of Federal Reserve Chairman Jerome Powell in a recent interview with ABC News’ George Stephanopoulos, saying the economy and stock market both could be doing much better “if we had somebody different” in charge...
Your first trade for Friday, June 14
The “Fast Money ” traders shared their first moves for the market open. Tim Seymour was a buyer of Disney. Karen Finerman was a buyer of Red Robin. Brian Kelly was a seller of the Financials ETF. Dan Nathan was...
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