Just the fear of a trade war is straining the global economy
Only a few months ago, the global economy appeared to be humming, with all major nations growing in unison. Now, the world’s fortunes are imperiled by an unfolding trade war. As the Trump administration imposes tariffs on allies and rivals...
The Fed said it’s hiking rates four times this year, but here’s why the market’s not convinced
The Federal Reserve may have telegraphed a fourth interest rate hike this year, but markets didn’t quite get the message. After the conclusion Wednesday of its two-day meeting, the Federal Open Market Committee, through the so-called dot plot of individual...
Crypto trader explains 3 reasons ethereum is a better bet than bitcoin
Bitcoin is on the decline, but ethereum might be a better bet in cryptocurrency, Brian Kelly told CNBC. Bitcoin, the most popular digital coin and largest by market cap, was priced around $6,400 on Friday — a staggering decline from...
Forget about a ‘calm and easy summer’ and look for buying opportunities: Veteran fund manager
Investors need to be vigilant as trade war talk heats up, but there may be some buying opportunities to be had amid the volatility, veteran fund manager Larry Glazer told CNBC on Friday. U.S. stocks cut their losses on Friday...
Geopolitical analyst George Friedman says blockchain will become ‘obsolete’
Respected geopolitical analyst George Friedman thinks blockchain, the technology underlying bitcoin, will one day become “obsolete.” “I’ve never known any encryption technology not to be broken,” Friedman told CNBC on Thursday from the sidelines of the UBS CIO Global Forum...
Wynn Resorts and other US companies could get hit in a US-China trade war
Increased trade tensions with China will likely affect semiconductor stocks and two casino and hotel operators the most, according to Morgan Stanley analysis of companies most dependent on China for revenue. Wynn Resorts draws 69 percent of its revenue from...
Economic conditions ‘too good’ for stocks: Market veteran Jim Paulsen
The economy is a bigger challenge to the stock market than a possible trade war, veteran strategist Jim Paulsen told CNBC on Friday. He anticipates real gross-domestic-product growth will hit 4.5 percent in the second quarter. On top of that...
Comcast and Disney should stop fighting over Fox and split it up — but they probably won’t
The irony of the Comcast-Disney battle to buy the majority of 21st Century Fox is that CEOs Brian Roberts and Bob Iger could both walk away happy. All they’d have to do is split up Fox. And yet, it doesn’t...
China announces retaliatory tariffs on $34 billion worth of US goods, including agriculture products
In a quick response to U.S. tariffs, Beijing announced on Friday its own duties on American products, including the politically sensitive areas of agriculture products and automobiles. The Chinese State Council’s commission on tariffs and customs said in an online...
Canada Goose posts best day ever on strong quarterly results
Shares of apparel maker Canada Goose skyrocketed on Friday after the company reported a surprise quarterly profit. The Toronto-based company reported adjusted fiscal fourth-quarter earnings of 9 cents Canadian per share. Analysts polled by Reuters had expected a loss of...
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