In a new interview, Dallas Mavericks owner Mark Cuban sharply criticized the tariffs slapped on Chinese products by President Donald Trump, proposing instead that the U.S. stop allowing Chinese companies to go public or trade on U.S. stock exchanges. I'd shut down all Chinese IPOs—that's the first step,” says Cuban, a billionaire entrepreneur and host of the show “Shark Tank. Given [Trump's] propensity for using Twitter and throwing warning shots, I would throw out there that we might put a halt on the trading of Chinese-listed stocks in the United States.
Watch for danger signs that a stock's big price run is over, including a very sharp undercut of the 50-day moving average.
Investors tend to buy bonds, especially government bonds, when they are worried about the economy. Bonds are safer than stocks. The Federal Reserve may not want to hear the message in the falling 10-year yield, but stock market investors would be best suited to take off their blinders,” warned Danielle DiMartino Booth, a former Federal Reserve adviser and CEO of Quill Intelligence.
"Once you build a tower, you can just add another antenna to it when you pick up a new client, so the margins are terrific," he says.
The battered chip sector tends to do well after Memorial Day
Disappointing U.S. economic data helped drive the 10-year Treasury yield down to 2.29% on Thursday, the lowest since 2017. Inflation expectations tumbled yet again, and the Bloomberg Dollar Spot Index surged to its highest level this year before retreating. It comes as traders are pricing in more than 30 basis points of Fed cuts by year-end, with options activity suggesting some hedging against a half-point easing as officials' next move.
President Donald Trump said on Thursday U.S. complaints against Huawei Technologies Co Ltd might be resolved within the framework of a U.S.-China trade deal, while at the same time calling the Chinese telecommunications giant "very dangerous." Washington last week effectively banned U.S. firms from doing business with Huawei, the world's largest telecoms network gear maker, citing national security concerns. "You look at what they've done from a security standpoint, from a military standpoint, it's very dangerous," Trump said in remarks at the White House.
At a rally in central Pennsylvania on Monday, Donald Trump had an easy answer for US businesses fretting over the breakdown in trade talks with China and the escalation in levies on thousands of products coming across the Pacific Ocean. Mr Trump has ramped up his calls for American companies to ditch China and bring manufacturing back to the US — or move their sourcing to third countries such as Vietnam — as the prospects of a deal with Xi Jinping, Chinese president, dimmed in recent weeks. “When we hear the suggestion that we should source our product in the US, or somewhere else overseas, as if you can flip the switch and do that, we all kind of cringe,” said Matt Priest, president of the Footwear Distributors and Retailers of America, a lobbying group for shoe companies.
Iflytek, which says it controls over 70% of China’s speech technology market, slid as much as 8.2% in Shenzhen after people familiar with the matter said the U.S. is considering curbs on the company, as well as Xiamen Meiya Pico Information Co. and Beijing Megvii Co., which is unlisted. Data firm Xiamen Meiya dropped by the 10% daily limit in Shenzhen. Iflytek hasn’t received official notification from the U.S. about any curbs, board secretary Jiang Tao wrote in a posting on Securities Times-affiliated website egsea.com.
Every October the Social Security Administration (SSA) announces its annual changes to the Social Security program for the coming year. Here are the Social Security changes that were announced in October 2018 and took effect on Jan. 1, 2019, according to the SSA's annual fact sheet. For 2019, more than 67 million Social Security recipients saw a 2.8% cost-of-living adjustment (COLA) to their monthly benefits.
The San Diego-based chipmaker is dealing with the fallout from a decision by a California federal judge, who sided with the Federal Trade Commission in a case brought in 2017 accusing the company of anticompetitive practices. Qualcomm is asking that U.S. District Judge Lucy Koh’s decision be put on hold while it pursues a rapid appeal, where it may get support from other branches of the federal government, which in the past have indicated the company’s importance to U.S. technology leadership and security outweigh questions about how it does business. Koh’s judgment this week came about a month after Qualcomm settled a worldwide legal fight with Apple Inc. The relief gained by that settlement and the hope for a future clear of costly legal entanglements, which had sent Qualcomm’s stock rallying this year, is now on hold.
An overwhelming majority of Japanese firms have no plans to use 5G mobile networks by China's Huawei or other foreign firms, preferring instead to rely on domestic telecom carriers due to security concerns, a Reuters poll showed. The Corporate Survey results come amid Washington's concerns that the Chinese telecom giant's equipment could be used for spying.
Moody's analyst Bruce Clark discusses Tesla's debt threat, with CNBC's Brian Sullivan and the Fast Money traders, Tim Seymour, Karen Finerman, Steve Grasso and Guy Adami.
Shares of Tesla, suffering one of the worst stretches in company history, rebounded Thursday after CEO Elon Musk told employees that orders are up. Tesla stock has shed 16% in the past three weeks and about 41% since the beginning of the year, and is trading at the lowest levels since late 2016. Musk told employees in a memo late Wednesday that the company had over 50,000 net new orders so far this quarter, and that based on current trends, Tesla Inc. has a chance of exceeding the record 90,700 deliveries set in the fourth quarter of last year.
WASHINGTON (AP) — The House overwhelmingly approved a bill Thursday to promote retirement security by making it easier for small businesses and other companies to offer retirement plans.
Shares of Xiamen, China-based Luckin Coffee soared as much as 53% to $25.96 on May 17, their first day of trading in the U.S. Since then, the stock has plunged 39% from that peak, even with a rally in the final half hour of trading Thursday that gave Luckin a 7.1% gain for the day. Investors have questioned the company's sacrifice of profits in favor of a cash-burn strategy at the same time as the rocky China-U.S. trade relationship weighs on global markets. Luckin's 7.1% decline from its offering price of $17 per share -- to $15.79 as of Thursday's close -- isn't as bad as the performance from ride-hailing company Lyft Inc., which is down 20% from its offering price of $72 in late March.
Short interest as a percentage of shares outstanding on the SPDR S&P 500 ETF Trust, or SPY, climbed as high as 7% this week, according to data from IHS Markit Ltd. That’s the highest share since 2015, when the benchmark gauge for American equities slipped into a correction as Fed officials began boosting rates from near zero. “There are some clouds forming on the horizon,” said Matthew Litfin, a money manager at Columbia Threadneedle Investments. The Fed doesn’t feed the fire, the Fed takes away the punch bowl.
The loan was issued by Berkadia, a lender co-owned by Warren Buffett's Berkshire Hathaway Inc. and Jefferies Financial Group Inc., in a deal that's backed by government-owned Freddie Mac, according to a person familiar with the matter who asked not to be named discussing the private transaction. The arrangement increases the government's exposure to Kushner Cos. at the same time that its former chief executive officer is one of the most powerful people in the White House. Jared Kushner divested ownership in many of the company's assets to close family members when he joined the government.
As the top buyer of Chinese-made goods and the biggest economy on earth, the U.S. has the upper hand in the trade conflict, Shilling argues.
Sales of new U.S. single-family homes fell from near an 11-1/2-year high in April as prices rebounded and manufacturing activity hit its lowest level in almost a decade in May, suggesting a sharp slowdown in economic growth was underway. Labor market strength should support the economy, which is cooling as last year's massive stimulus from the Trump administration's tax cuts and spending increases fades. The mixed reports followed data last week showing a decline in retail sales and industrial production in April, which prompted economists to cut second-quarter growth estimates.
That point alone makes it one of the best stocks to buy for the summer. But the burger joint is now adding a touch of growth to its safety. Over the last year or so, MCD has increased its use of technology in its restaurants.
That bias can prevent investors from realizing compelling ex-US opportunities with Vanguard funds, such as the Vanguard Total International Bond ETF (NASDAQ:BNDX). Among Vanguard funds, BNDX does not grab many headlines, but this year, investors are waking up to this ETF's story. Year-to-date, BNDX has added $3.61 billion in new assets, a total surpassed by just nine other ETFs.
Warren Buffett is arguably the best investor of all time. Self-directed investors can learn from his success by studying his stock market holdings, which are published in regulatory filings with the U.S. Securities & Exchange Commission, notes Ben Reynolds, editor of Sure Dividend.
You won’t pay for health care in retirement with one lump sum. That’s the way these expenses are often presented, though, and the amounts are terrifying. Fidelity Investments, for example,…