After-hours buzz: AVGO, CA & more
Check out the companies making headlines after the bell: Shares of Broadcom fell as much as 6 percent in the extended session, after the Wall Street Journal reported the chipmaker was nearing a deal to acquire New York-based software company...
More pain ahead for emerging markets as trade war gets hotter
Emerging markets could be headed for more declines this year — adding to already steep losses for 2018 — as trade tensions between the world’s largest economies increase and interest rates rise. The iShares MSCI Emerging Markets exchange-traded fund (EEM),...
Republicans appear helpless to stop Trump’s trade war
Congressional Republicans who oppose the Trump administration’s mounting trade conflicts around the globe appear increasingly helpless as the president threatens more tariffs on top trading partners. As a trade war with China could widen and damage a broader swath of...
China reportedly looks to ‘hit back in other ways’ in response to latest US tariffs
After the White House’s latest threat of tariffs on billions of dollars of Chinese goods, officials in Beijing are looking to “hit back in other ways,” according to a report by The Wall Street Journal. On Tuesday, the Trump administration...
May wholesale inventories revised higher
U.S. wholesale inventories were a bit higher than initially estimated in May amid strong increases in the stocks of machinery and a range of other goods. The Commerce Department said on Wednesday wholesale inventories increased 0.6 percent instead of the...
Producer prices rose in June, leading to the biggest annual increase in 6 1/2 years
U.S. producer prices increased slightly more than expected in June amid gains in the cost of services and motor vehicles, leading to the biggest annual increase in 6-1/2 years. The Labor Department said on Wednesday its producer price index for...
Main Street largely cheers Trump’s pro-business Supreme Court nominee Brett Kavanaugh
Main Street advocacy groups are largely cheering President Donald Trump’s nomination of Brett Kavanaugh to succeed Justice Anthony Kennedy on the U.S. Supreme Court, hopeful he will continue the Trump administration’s deregulatory tone, which has boosted sentiment among small businesses....
Homebuyers fuel jump in mortgage applications, as more listings finally emerge
A slight increase in the number of homes for sale may be helping to juice the mortgage market. After falling for two straight weeks, mortgage application volume rose 2.5 percent last week, seasonally adjusted, compared with the previous week. The...
Start-up exec says his call for $60,000 bitcoin is still possible this year
Major cryptocurrencies may be off their December highs on the price front, but developments on the regulatory and infrastructure front continue to move ahead. That’s leading some in the space to remain relatively bullish on prices. “Back then, December, price...
Bitcoin is the best bet for cryptocurrency investors, says Wall Street trader
Bitcoin is still the best bet for crypto investors as people are “functionally using” it, Bart Smith told CNBC. “If you want to own the asset that you can actually use today and that people are functionally using, it’s bitcoin,”...
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Trading education
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