Federal Reserve policymakers highlighted concerns about slowing global growth and trade tensions as headwinds, but stopped short of suggesting that a series of rate cuts should follow, according to the minutes of the Federal Reserve's July meeting released Wednesday. "Most participants viewed a proposed quarter-point policy easing at this meeting as part of a recalibration of the stance of policy, or mid-cycle adjustment, in response to the evolution of the economic outlook over recent months," the Fed minutes showed. The Fed suggested that the best course of action would be to remain "flexible" and monitor incoming economic data amid uncertainty over when risks weighing on the economy, including the U.S.-China trade war would be resolved.
China's Ministry of Finance said the country plans to levy retaliatory tariffs on another $75 billion of U.S. goods. Apple fell 1.4% before the bell in an abrupt move lower. The iPhone maker is heavily correlated to trade issues because China is both a major part of its supply chain and a notable market for its products.
For the second time in a week, the closely watched 2-year Treasury note (TMUBMUSD02Y) rate rose above its longer-term counterpart in the 10-year Treasury note (TMUBMUSD10Y) representing an inversion of the bond-market yield curve. Yields inverted almost exactly a week ago and investors have grown increasingly anxious about the gauge, which has preceded the past seven recessions. The yield curve is a line plotting out yields across maturities.
Six members of the Standard & Poor's Total Market index and the S&P 500 commanded $1 billion or greater market values when this decade began — only to become penny stocks now. This is based on an Investor's Business Daily analysis of data from Marketsmith and S&P Global Market Intelligence. Suffering these kinds of losses is all the more painful given the powerful run the S&P 500 is on.
Amy Wang and her husband spent hundreds of hours trying to straighten out their financial futures after falling prey to identity theft. Amy, a 50-year-old occupational therapist in Miami, says she and her husband, Michael Wang, started receiving credit-card denials and store credit cards in the mail in December of 2015. The shoppers had expensive taste, Amy said, opting for luxuries like diamond earrings, Gucci and Armani.
A high-profile executive has resigned from Texas Roadhouse Inc. Celia Catlett, general counsel and corporate secretary for the Louisville-based restaurant chain, has been with the company since 2005. In anticipation of the resignation, Texas Roadhouse (Nasdaq:TXRH) has entered into a transition agreement with Catlett to provide an orderly transition of her duties. Under the terms of the agreement, Catlett will make herself available on a consulting basis, for no more than eight hours a week, to provide information and guidance regarding matters in which she was previously involved or legal issues that may arise that are in her particular areas of experience.
Shares of retailer Target (NYSE:TGT) rallied a cool 20% on Wednesday, following the company's latest earnings report. While the company has been embarking on an impressive growth spurt, at these levels TGT stock seems to be getting overbought and nearing a setup to short it for a trade. To be clear, I understand and am impressed with the turnaround in Target, as a company, from a top line growth perspective.
China's finance ministry on Friday announced retaliatory tariffs on $75 billion of U.S. goods, with one slate for Sept. 1 and another for Dec. 15. China said it was responding to U.S. unilateralism and trade protectionism.
The former makes kids TV hit Peppa Pig, the latter is the world's biggest toymaker. It gets its trotters on some valuable kids' franchises that it can turn into more toys, and it can use eOne's TV and film production chops to exploit its own catalog of games, which span from Monopoly to Buckaroo! to Jenga. Hasbro has a decent if not stellar track record of turning its game franchises into films.
Mark Galasiewski, Asia and emerging market chief strategist at Elliot Wave, discusses the relationship between Hong Kong protests and stock prices and why he's saying now is a time to buy Hong Kong. He speaks on “Bloomberg Markets: China Open.
It was a big afternoon for (VMW) as the enterprise software company disclosed definitive agreements to acquire both (PVTL) and (CBLK) as well as releasing financial results for its fiscal second quarter. The biggest surprise is the deal for Carbon Black (ticker: CBLK), a security software company that focuses on “cloud native endpoint protection.” VMware (VMW) is buying the Waltham, Mass.-based company for $26 a share in cash, for a transaction price of $2.1 billion. Carbon Black stock rose $1.75, or 7.7%, to $24.50 on Thursday, prior to the announcement.
Did you have to take out student loans? All of my loans came from medical school, which is a little over $400,000. "Right after college, I went to medical school, and following medical school I was in residency for three years.
Three years after closing a $9.3 billion deal to acquire NetSuite, several Oracle board members have written an extraordinary letter to the Delaware Court, approving a shareholder lawsuit against company executives Larry Ellison and Safra Catz over the 2016 deal. Reuters broke this story. According to Reuters' Alison Frankel, three board members, including former U.S. Defense Secretary Leon Panetta, sent a letter on August 15th to Sam Glasscock III, vice chancellor for the Court of the Chancery in Georgetown, Delaware, approving the suit as members of a special board of directors entity known as the Special Litigation Committee.
Altria Group Inc. (mo) said Thursday it will raise its quarterly dividend by 5%, to 84 cents a share from 80 cents. The cigarette and smokeless tobacco products seller said the new dividend will be payable Oct. 10 to shareholders of record on Sept. 16. Based on current stock prices, the new annual dividend rate would imply a dividend yield of 7.25%, compared with yield on the SPDR Consumer Staples Select Sector ETF (xlp) of 2.64% and the implied yield on the S&P 500 (spx) of 2.00%.
Japan's biggest asset manager plans to expand into the United States for the first time as part of efforts to win more money from overseas clients, its chief executive told Reuters. Sumitomo Mitsui Trust Asset Management (SMTAM), which manages around $600 billion in assets, aims to set up an office in New York, possibly next year, with an initial staff of around 10 people, Yoshio Hishida said. The company, part of Sumitomo Mitsui Trust Holdings , currently has overseas offices in London, Hong Kong and Singapore, with 12, 10 and two staff, respectively.
Are you wondering: How much mortgage can I afford? In some markets, you better be able to pay for a big one, or you'll be shut out. Fortunately, there are tricks you can use to increase the size of your answer when you ask yourself how much mortgage you can afford.
The U.S. Strategic Petroleum Reserve (SPR) is having a back to school sale…for oil. They are offering 10 million beautiful barrels of crude to the highest bidder. The U.S. Department of Energy is offering the barrels of sour crude from the SPR for delivery between Oct. 1 and Nov. 30, according to a notice on Wednesday. You see the Strategic Petroleum Reserve was created in the aftermath of the Arab oil embargo.
The pamphlet said you should invest in bonds as well as stocks. It said bond prices went up when interest rates went down, and vice versa. It didn't go into any more detail.
On CNBC's "Mad Money Lightning Round," Jim Cramer said Union Pacific Corporation (NYSE: UNP) is a teriffic stock. He thinks it's a long-term great situation. Cramer doesn't like Teva Pharmaceutical Industries Ltd (NYSE: TEVA).
Buckingham did a special screen of stocks held within Prudent Speculator portfolios to narrow the group to 25 that meet additional criteria, as listed below. He also provided three- to five-year price targets for the group. That is in contrast to the 12-month targets and ratings used by most Wall Street analysts.
But, with the marijuana industry having only scratched the surface of what it can be, and likely will be, there's little doubt that at least some of these names could double their current values. The 10 Best Marijuana Stocks to Buy Now Here's a rundown of the top ten cannabis stocks most likely to dish out a triple-digit gain, sooner or later. Canopy Growth (CGC) It's arguably the name that started cannabis-mania, as Canopy Growth (NYSE:CGC) was the first name to attract a major partner's money.
Software developers, physical therapists and physician assistants crop up frequently among the highest-paid and fastest-growing jobs in every U.S. state, according to a new analysis by CareerBuilder. The site analyzed government data to project the careers most likely to be lucrative and in demand. Most of these jobs require some level of college education.
At that point, you'll need to find firms with solid sales earnings growth as well as technical and fundamental strengths to keep the profits rolling. Its size, scope and quality is one reason hardware giant Lowe's Companies, Inc. (NYSE:LOW) inked a deal to be the only nationwide home seller to offer SHW products.
The stock market is jittery over worries about an economic slowdown, and August's inverted yield curve added to those concerns. The stock market's bull run is at 10 years-plus and many analysts think the market is closer to the end of its cycle than the beginning. Chris Cook, president of Beacon Capital Management, says he watches if the broader market falls by 10% or more from its high.
This makes the FAANG stocks difficult stocks to buy with convictions to a lot of traders. Politicians love to beat up on them when they become successful. We saw this happen to Microsoft (NASDAQ:MSFT) decades ago.