Global dealmaking appetite falls to a four-year low amid Brexit, US-China trade fears, study says
Companies’ appetite for mergers and acquisitions has fallen to a four-year low, with investment pressured by worries over Brexit and the U.S.-China trade battle, according to a study released on Monday. Less than half — 46 percent — of global...
A top economy watcher believes a ‘potentially lethal combination’ could unleash inflation
There’s a growing risk that trade tensions between the world’s two largest economies may converge with other factors to disrupt the global economy — and knock the historic U.S. stock market rally off its stride, according to one of the...
Stock market will have a year-end rally, predicts Raymond James’ Jeff Saut
Wall Street veteran Jeff Saut isn’t necessarily concerned about the recent sell-off in the stock market. On Friday, equities fell once again after interest rates moved higher. “We would take small trading profits here,” Saut said in an interview with...
Restaurant stocks poised to go higher but beware of rising employment costs, says Piper Jaffray
There is “no doubt” restaurant stocks are going higher, according to Nicole Miller Regan, senior restaurant analyst for Piper Jaffray. “It’s the year of the restaurant,” she told CNBC’s “Power Lunch” on Friday. “We have fewer restaurant stocks, creating scarcity...
Experts — including Warren Buffett — say short selling can be beneficial for markets
Wall Street is buzzing over the battle between Tesla CEO Elon Musk and investors who are betting against the company’s stock. On Thursday, Musk blasted short sellers and mocked the Securities and Exchange Commission on social media. But many respected...
Musk’s tweets are ‘precipitous, mercurial and dangerous,’ says former SEC chair Harvey Pitt
Tesla CEO Elon Musk’s use of Twitter is dangerous and needs to be controlled by the company’s board — but he hasn’t done anything to create another problem with the Securities and Exchange Commission, former SEC Chair Harvey Pitt told...
Bove: Where are the brokers’ yachts? — Regular investors made more than Wall Street in last decade
As the story goes, one day the legendary J. P. Morgan was walking along the beach with a client. Morgan pointed to all of the beautiful yachts at anchor in the harbor naming their prestigious owners. Reputedly, the client said:...
Search company Elastic nearly doubles on first trading day
Elastic, a company that commercializes open-source software for search and data analytics, saw its stock soar as much as 106 percent on Friday, its first day of trading on the New York Stock Exchange, under the symbol ESTC. The stock...
The five most important numbers from today’s jobs report
These are the five most important numbers from Friday morning’s nonfarm payrolls report for September: 134,000: That was the total amount added to payrolls, according to the Labor Department. The number was well below Refinitiv estimates of 185,000 and the...
US trade deficit widens to $53 billion as soybean exports plummet amid China trade battle
Amid an ongoing tariff battle with its global partners, the U.S. saw its trade deficit continue to widen as soybean exports plunged by $1 billion in August. The imbalance increased $3.2 billion in August to $53.2 billion, a 6.4 percent...