Shares of this proxy for the economy plunge the most in 9 years on rising costs, weak China demand
PPG shares plummeted more than 10 percent Tuesday, a day after the industrial coating manufacturer warned that it is getting hurt by rising costs from raw materials and oil. PPG’s guidance for its upcoming third quarter earnings report was about...
Your first trade for Wednesday, Oct 10
The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of Energy Transfer Partners Carter Worth was a buyer of Disney Dan Nathan was a buyer of PayPal Guy Adami was a buyer...
Bond market signaling ‘sluggish or uncertain’ growth ahead, Fed’s Kaplan says
The bond market is sending a pessimistic signal about the longer-term prospects of the U.S. economy, Dallas Federal Reserve President Robert Kaplan said Tuesday. All eyes on Wall Street have been tuned into the rapid acceleration of the 10-year Treasury...
European stocks mixed amid Italy budget tensions; Sage shares fall 6%
European stocks were mixed on Tuesday, amid simmering tensions between Italy and the European Union (EU) over the former’s 2019 budget. The pan-European Stoxx 600 was flat during early morning deals, with sectors and major bourses pointing in opposite directions....
After-hours buzz: TSLA, EW & more
Check out the companies making headlines after the bell: Tesla shares rose 1 percent in after-hours trading after investment firm Macquarie gave the automaker an ‘outperform’ rating and a price target of $430. Tesla shares closed at $250.56 on Monday....
The last time unemployment was this low, we were hit with a recession
The near-50-year low in the unemployment rate signifies that a lot of good things have happened for the economy, but also could point to some bad things that could happen. In fact, the last time the headline jobless level was...
Activist investors are gearing up for more battles in the year ahead, taking aim at consumer stocks
Wall Street’s top activist investors are raising lots of cash and gearing up for battle over the next year, a new report shows. The group see more opportunity to disrupt the consumer discretionary sector, which includes retailers, than in any...
Cramer: China is more of a ‘paper tiger’ than people think, and that plays into Trump’s hand on trade
President Donald Trump’s approach to levying tariffs on China in hopes of applying enough economic pressure to get Beijing to change its ways on trade has a better chance of working than many people expect, CNBC’s Jim Cramer said Monday....
China says it’s not afraid of trade war with the US — its actions show Beijing is nervous
The decision by China’s central bank to cut the amount of reserves held by banks is an indication that authorities in the world’s second-largest economy are getting nervous about a long-drawn trade war with the U.S., experts said. China insisted...
China says it’s not afraid of a trade war with the US — its actions show otherwise
The decision by China’s central bank to cut the amount of reserves held by banks is an indication that authorities in the world’s second-largest economy are getting nervous about a long-drawn trade war with the U.S., experts said. China insisted...