JP Morgan downgrades China stocks, predicts ‘full-blown trade war’ with US
J.P. Morgan is getting less optimistic about the trade conflict between the U.S. and China. The firm lowered its rating for Chinese equities to neutral from overweight, predicting the escalating trade war between the countries will affect the Asian country’s...
Factory orders post largest gain in 11 months
New orders for U.S.-made goods recorded their biggest increase in nearly a year in August, boosted by a surge in demand for aircraft, but signs of weakness in business spending on equipment suggested that the manufacturing sector could be slowing....
Your first trade for Thursday, Oct 4
The “Fast Money” traders shared their first moves for the market open. Pete Najarian was a buyer of Caterpillar Tim Seymour was a buyer of Mosaic Karen Finerman was a buyer of General Motors Guy Adami was a buyer of...
US weekly jobless claims drop to a near 49-year low
The number of Americans filing for unemployment benefits fell to a near 49-year low last week, pointing to sustained labor market strength, which should continue to underpin economic growth. The labor market, which is viewed as being near or at...
A red flashing light in the housing market could spell trouble for the economy
The U.S. economy is growing at a healthy pace, the labor market is its tightest in years and consumer confidence hasn’t been this high since 2000. But one warning sign of trouble could be flashing in the housing market, according...
Tencent-backed mobile bank N26 launches in the UK and plans US expansion by early 2019
German app-only bank N26 has launched in the U.K. and is eyeing another expansion to the U.S. in the first quarter of 2019. The Berlin-based firm, which is backed by Chinese tech giant Tencent, German insurer Allianz and PayPal co-founder...
After-hours buzz: CLDR, TLRY & more
Check out the companies making headlines after the bell: Cloudera shares jumped more than 18 percent and Hortonworks shares surged about 19 percent in after-hours trading after the two software companies announced a merger. The deal would be an all-stock...
Watch Fed Chairman Jerome Powell in a Q&A session
[The stream is slated to start at 4 pm ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell is speaking Wednesday at The Atlantic Festival in partnership with...
Shareholder voting firms fight Congress over attempt to limit their power
A piece of legislation is pitting companies against investors — and the investors have begun fighting back in earnest. Congress is looking to rein in the influence of so-called proxy advisory firms, which prepare research reports that help inform investors...
Services sector grows at fastest pace ever in September
The U.S. services sector expanded last month at its fastest pace on record, according to data released Wednesday by the Institute for Supply Management. The ISM non-manufacturing index rose to 61.6 last month. That is the highest level since the...