Majority of Americans approve of Trump’s handling of the economy for the first time: CNBC survey
For the first time since President Donald Trump took office, the CNBC All-America Economic Survey shows more than half the public approving his handling of the economy, and it appears to be having some impact on his overall job approval...
Microsoft given buy rating because of cloud computing growth
Microsoft’s transition into cloud-based technology opens up new, lucrative markets for the software giant, according to Atlantic Equities, which assumed coverage Monday at overweight. The company’s recent organizational changes to better capitalize on its cloud computing business – known as...
Harley-Davidson to move some production out of US to avoid EU tariffs
Harley-Davidson said on Monday it would move production of motorcycles shipped to the European Union from the United States to its international facilities and forecast the trading bloc’s retaliatory tariffs would cost the company $90 million to $100 million a...
Global RMB Poll 2018: The renminbi steps onto the world stage
Before even examining the data, let’s talk about feelings. The devaluation of the renminbi in August 2015 was a heart-breaking moment for all parties involved in regulating, marketing and selling it as a promising global currency. Within the space of...
US economic fundamentals are good. Don’t overreact to trade issues
Wall Street is regrouping. Easy money has been made. The fiscal stimulus has been priced in for a long time. The Fed is an ongoing game, but the slightly easing price pressures along the U.S. yield curve are signaling surprisingly...
GE is said to close in on a $3B-plus deal to sell industrial engine unit to a private equity firm
General Electric may sell a unit that manufactures industrial engines to a private equity firm, The Wall Street Journal reported on Sunday, as part of a wide ranging effort to revitalize the moribund manufacturing giant. The Journal, citing unnamed sources...
Bitcoin falls below $6,000. But crypto trader says it’s ‘not dead’
Bitcoin fell below $6,000 on Friday, but bitcoin bull Brian Kelly told CNBC that the popular cryptocurrency is “not dead.” “This is not the funeral for bitcoin whatsoever,” Brian Kelly, founder and CEO of BKCM LLC, an investment firm focused...
Don’t put capital in risk-based assets right now: Analyst
Now might not be a good time to enter the market with new capital, an investor told CNBC. “We’re going from a Goldilocks economy with low interest rates, low inflation expectations, stellar corporate earnings to an economy that’s full...
Walmart defies investor push to rewrite bond rules
Bonds issued by Walmart to fund its acquisition of Indian ecommerce company Flipkart contain controversial provisions that could be used to withhold compensation to investors if the deal is delayed. The big box retailer sold $8.5bn bonds on Wednesday whose...
Increased threat of a trade war is ramping up fears of a ‘full-blown recession’
Even as growth ramps up to what could be the fastest rate since before the financial crisis, economists are worried that a trade war could tip the U.S. into a significant slowdown or even a recession. Fears over a...
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