Investor sentiment for the housing market is pointing to consistently growing "angst" throughout 2018, and the now "lumpy" housing market should persist in the medium-term, according to Goldman Sachs. Investment opportunities remain in the sector, but
A ruling by a U.S. appeals court last month that allowed Indian firm Dr. Reddy's Laboratories to sell its copy of the drug, Suboxone Film, sent Indivior shares crashing more than 40 percent. A preliminary injunction in a U.S. court against Dr. Reddy's will remain in place, Indivior said on Wednesday. Suboxone Film is responsible for 80 percent of Indivior's revenue and its market share has been falling — from 57 percent in 2017 to 50 percent more recently — after Dr. Reddy's launched a cut-price version which Indivior says infringes its patents.
The power of news headlines is back, and a renewed dose of trade optimism is finally lifting Asian stocks from a six-week low. To be exact, the regional benchmark is heading for its biggest jump since Dec. 3, when the market reacted to Presidents Donald Trump and Xi Jinping’s famous dinner in Buenos Aires. And on Wednesday, it’s again trade news that are providing the boost: The MSCI Asia Pacific Index rose as much as 1.6 percent, and U.S. stock-index futures moved higher after a choppy morning.
The latest big Silicon Valley tech employers to reveal how much they pay a typical worker are TurboTax maker Intuit Inc. and Guidewire Software, which makes back-end software for insurance companies. Like most of the region's biggest technology employers
Xpeng Motors is starting deliveries of its first commercial model on Wednesday, four years after its founding by entrepreneur He Xiaopeng and partners in Guangzhou, southern China. The G3 sport utility vehicle gives Xpeng instant credibility and revenue, while hundreds of other startups are still working on their prototypes and competing for investors’ funds. At stake is a market that is set to balloon to hundreds of billions of dollars in the coming decades as China’s government promotes greener vehicles at the expense of gas guzzlers.
Art Cashin, UBS director of floor operations, speaks with CNBC's "Squawk Alley" on the slipping stock market.
First, we had the collapse of Apple via order cutbacks of virtually all of its suppliers, and there is no denying that sales are weaker, perhaps because of issues with China, perhaps because the company hit a price retaining wall, perhaps because of worldwide slowing. Both of these chip companies are remarkable, Nvidia because of its incredible technological edge and AMD because of its grit and its comeback with faster, better and cheaper products for personal computers and the data center. The same Nvidia and AMD cards that are used for gaming are also used for crypto-mining.
It's commendable that Prime Minister Narendra Modi moved swiftly to replace Urjit Patel, who quit this week as RBI governor. The new guy is Shaktikanta Das, a seasoned economic bureaucrat who has worked closely with the central bank. Surprisingly for a leader elected in a 2014 landslide after touting business-friendly credentials, Modi can't seem to hang on to an RBI governor.
Boeing unveiled a new luxury VIP business jet model for its massive new 777X widebody jet. Boeing said it plans to launch a 777X VIP luxury business jet that can fly more than half way around the world nonstop – farther than any business jet ever built. "Our most exclusive customers want to travel with the best space and comfort and fly directly to their destination," said Greg Laxton, head of Boeing Business Jets.
Most people think they’re above average in intelligence, relationship status and professional achievement. Social scientists call this “illusory superiority.” My business partner Scott Puritz, has found the one area where even above-average people, objectively smart, rich, successful professionals, seem to wave the white flag and admit to not understanding — money and investing. “One of the most shocking things is the low-level financial literacy throughout our culture,” Puritz told the Washington Post.
Chip stocks have been among the market’s biggest winners over the past several years. Huge demand tailwinds from the data center, cloud computing, connected device and artificial intelligence (AI) markets have converged on a limited-supply base, creating a “high demand, low supply” dynamic in the chip market wherein chip prices are soaring. Such improvements have driven huge gains in chip stocks. Chip supply won’t remain subdued forever — it is already ramping to meet demand, and there are some reports out there that chip prices may have already peaked.
If you’re looking for a tax-friendly retirement, Nevada is one of the places to be. Withdrawals from retirement accounts and public and private pension income are also not taxed. To find the best places to retire in Nevada, we looked at a few important factors.
Long before trade tensions between the U.S. and China, Motorola was thriving in what is now described as a “tough” environment to conduct business. It began more than 45 years ago, when President Richard Nixon first visited China and spoke on a Motorola-provided satellite phone, which eventually lead to Motorola becoming one of the first companies in China. In 1986 Robert Galvin, former chairman of the Motorola board of directors, led a delegation to China with the goal of learning how China and Motorola could benefit from investments and technology transfers.
President Donald Trump says he would consider intervening in the Justice Department's case against a top Chinese executive if it would be in the interest of U.S. national security and help forge a trade deal with China. Trump told Reuters in an interview Tuesday at the White House that if he thinks it would be good for what will "certainly be the largest trade deal ever made" he would intervene if necessary. A Canadian court granted bail on Tuesday to the top executive of Chinese telecommunications giant Huawei.
Jim Cramer recommends steering clear of stocks and exchange-traded funds with China exposure as the stock market endures drastic swings.
Germany has become a popular destination for American retirees due to its reasonable costs, excellent healthcare system and well-kept infrastructure. As any financial advisor will tell you, one of the most important factors to consider when building a retirement plan is your cost of living. Like any other country, how much money you’ll need to live in Germany will depend on the city you choose.
The U.S. housing market has weathered all the recessions since 1980, with the exception of the Great Recession of 2008, Jefferies pointed out in a recent note. The FHFA U.S. house price index rose by an average of 7.4 percent in the year prior to a recession and prices rose an average of 2.7 percent from the start of a recession to the end, the note stated. "Other than during the GFC (Great Financial Crisis), home prices have kept rising even during recessions, probably because rates fall, the vast majority of people retained jobs and household formation continues," said Thomas J. Thornton, Jefferies' head of U.S. equity product management, in the note to clients Saturday.
Musk said in a series of tweets that the CBS Corp. program cut some of his comments about relinquishing the job as part of his settlement with the U.S. Securities and Exchange Commission. The CEO called for “60 Minutes” to release the full exchange he had with anchor Leslie Stahl about being replaced by Robyn Denholm, who was already a director on Tesla’s board.
Lowe’s Companies said Monday that it will close 51 underperforming stores and other locations, including 20 stores in the U.S., as part of its plan to focus on its most profitable stores. The stores being closed in the U.S. are located across 13 states
Venezuela is facing the possible unraveling of a pair of billion-dollar settlements aimed at protecting the cash-strapped country's U.S.-based Citgo Petroleum Corp from seizure by creditors. A lawyer for Canadian mining company Crystallex International Corp said on Tuesday Venezuela had breached the $1.4 billion November agreement that resolved a long-running fight over an expropriated gold mine. Separately, Venezuela's $1.3 billion settlement in October with Rusoro Mining of Vancouver, also over expropriated mining assets, has been upended by U.S. sanctions on Caracas, a source told Reuters.
General Electric shares closed below the $7 level for the first time since March of 2009 and remained under pressure on Monday. Wall Street analysts continue to debate the company’s capital position and debt pile. CEO Larry Culp, on the job just about six weeks, is attempting his own damage control, telling CNBC last month that there is an “urgency” to sell more assets.
Canada Goose Holdings Inc., the trendy maker of premium parkas, has tumbled almost 20 percent over the past four days. At the same time, Bosideng International Holdings Ltd., a Hong Kong-based downy apparel maker, has jumped nearly 13 percent to a five-year high. The detention of Huawei’s Meng Wanzhou last week has affected Canadian companies, causing Canada Goose’s share price to slump, the official Weibo account of a website backed by state-run Global Times said Tuesday.
Suze Orman is one of those singular personalities in the financial business who seems to be right on the pulse of everyone she meets. She’s written books, starred in her own television show and made innumerable appearances in person. Like Oprah and Bono, she’s nearly a one-name-only celebrity.
At this point, it’s likely that we will continue to see sellers on these rallies, because quite frankly there are so many issues in the European Union right now that will continue to weigh upon the value of the currency. The US dollar is strengthening due to the fact that we already know that the Federal Reserve is going to raise interest rates, and of course the European Central Bank is dealing with a multitude of issues at the same time. EUR/USD Forecast Video 12.12.18 As you can see on the chart, there is a symmetrical triangle, and if we break down below the bottom of the uptrend line, that could send this market much lower.
Equity investors are getting used to whiplash. They got a dose today, when the S&P 500 wiped out a 1.4 percent rally. And the day before, when a 1.9 percent loss was erased.