European stocks lower on earnings, new trade tariffs; Nokian Renkaat jumps 4%
European stocks traded lower on Wednesday morning, as investor kept a close eye on corporate earnings and trade tensions. The pan-European Stoxx 600 was 0.23 percent lower with most sectors in the red. Retail was among the worst-performing sectors in...
After-hours buzz: SNAP, PZZA & more
Check out the companies making headlines after the bell: Snap stock rose as much as 11 percent in the extended session after reporting a smaller-than-expected loss of 14 cents per share for the second quarter, 3 cents less than the...
Tesla shares rise on report Saudi Arabia sovereign wealth fund has $2 billion stake
Saudi Arabia’s sovereign wealth fund has acquired a significant position in Tesla shares, according to the Financial Times. The media outlet said the Saudi’s Public Investment Fund bought a 3 percent to 5 percent stake in the electric car maker,...
Open jobs outnumber US unemployed for 3rd straight month
U.S. employers posted slightly more openings in June than the previous month, resulting in more available jobs than unemployed workers for the third straight month. The Labor Department says job openings barely increased, rising just 3,000, to 6.66 million. That’s...
Cramer: Here’s why China won’t boycott Apple as part of its trade war with the US
CNBC’s Jim Cramer said Tuesday he’s not convinced China will boycott Apple as part of the trade war with the United States. The Communist Party’s official People’s Daily warned on Tuesday that Apple and other U.S. firms could be vulnerable...
Bove: Jamie Dimon ‘knows what he is talking about’ when it comes to danger warnings
In the past ten days Jamie Dimon, JP Morgan Chase’s CEO has highlighted two concerns. First, he is suggesting that the shrinking of the Federal Reserve balance sheet may have negative unintended consequences. Second, he is suggesting that the yield...
Gas stations and travel are the two trillion dollar industries Amazon could disrupt next, analyst predicts
There are two trillion-dollar markets that are great new business opportunities for Amazon, according to D.A. Davidson. The firm reiterated its buy rating for Amazon shares, saying the e-commerce giant should enter the travel and gas station markets. “Based on...
Stocks are facing a ‘horrible concoction’ of risks and are in need of a reset, strategist warns
Global equity prices need to fall significantly to provide more sustainable valuations and expectations, an analyst told CNBC on Tuesday. “We’re starting to see a much more challenging picture from a very high level; we are starting to see very...
European shares open slightly higher as Commerzbank and Deutsche Post report earnings
European stocks opened slightly higher Tuesday morning, as investors monitored simmering global trade tensions and the latest batch of corporate earnings. The pan-European Stoxx 600 was up around 0.2 percent shortly after the opening bell, with most sectors and major...
Record share buybacks may be a sign the end of the bull market is near: Strategist
U.S. companies are expected to buy back a record amount of shares this year, but that may not necessarily be good news for the market, strategist John Blank told CNBC on Monday. According to a Goldman Sachs analysis, corporate buybacks...
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