New highs are coming to stocks despite growing trade tensions, market bull Jeff Saut predicts
Wall Street bull Jeffrey Saut predicts the market will stabilize by mid-June despite growing trade tensions with China and Mexico. But first, he expects investors will have to get through a cruel couple of weeks. “Our models… are saying we...
Here’s where investors can hide out and areas they should avoid as trade tensions intensify
Traders work on the floor at the New York Stock Exchange (NYSE) in New York. Brendan McDermid | Reuters Stocks posted their first negative month of the year as trade angst deepened, and it doesn’t get easier from here since...
‘The algorithm is our boss’: Uber drivers face long hours, no benefits and sometimes danger
Uber driver Sonam Lama. Annie Nova | CNBC AT 3 A.M., SONAM LAMA’S ALARM goes off. In his house in Queens, New York, while his wife and baby son sleep, he pulls on his clothes and makes coffee. Then he...
Fed officials and Trump’s latest trade threat could decide whether June starts with a market swoon
Federal Reserve Chairman Jerome Powell holds a news conference following the two-day Federal Open Market Committee (FOMC) policy meeting in Washington, U.S., March 20, 2019. Jonathan Ernst | Reuters Federal Reserve officials speaking at a policy conference may get a...
Avocados will probably get more expensive under Trump’s Mexico tariffs
Avocado toast and that extra side of guacamole are probably going to get more expensive if President Donald Trump’s newest trade threat becomes a reality. The United States gets the vast majority of its supply of the popular fruit from...
Constellation Brands’ stock drops as new tariffs could raise Corona, Modelo import costs
A case of Constellation Brands Inc. Corona beer sits on a shelf in a cooler during a delivery in Ottawa, Illinois, U.S., on Tuesday, April 2, 2019. Daniel Acker| Bloomberg | Getty Images Shares of Constellation Brands dropped 5.8% Friday...
US inflation picks up in April as spending slows
U.S. consumer prices increased in April, which could support the Federal Reserve’s contention that recent low inflation readings were transitory and allow the central bank to keep interest rates unchanged for a while. The Commerce Department said on Friday its...
Surprise Mexican tariffs hurt China trade talks: ‘How can you trust Trump to honor a deal?’
President Donald Trump’s surprise vow to slap new tariffs on Mexican goods has an unintended consequence: it further undermines the chance of a trade resolution with China. The U.S. is set to impose a 5% tariff on all Mexican imports...
Shares of US automakers plunge because they have major production in Mexico
Trucks carrying cars queue in front of the Otay Mesa border crossing in Tijuana. Omar Martinez | picture alliance | Getty Images Shares of the largest U.S. automakers dropped in trading Friday after President Donald Trump announced that the U.S....
Trade war could trigger a ‘global financial crisis,’ says ex-China central bank chief
Shipping containers sit stacked at Qingdao Port after snow on February 14, 2019 in Qingdao, Shandong Province of China. Visual China Group | Getty Images China continued to ramp up the rhetoric against the U.S. on Friday, with a former Chinese...
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