|Day's Range||2,834.97 - 2,927.01|
|52 Week Range||2,346.58 - 3,027.98|
Federal Reserve Bank of Cleveland President Loretta Mester said interest rates are around "neutral," suggesting that she does not see the case for another rate cut yet.
U.S. stocks fell in a volatile session of trading, after President Donald Trump wrote in a series of Twitter posts that he would be ordering U.S. companies to “immediately start looking for an alternative” to their business operations in China. Yahoo Finance’s Myles Udland, Emily McCormick, and Julia La Roche discuss on The Final Round.
President Trump slams Fed chair Jerome Powell through a series of tweets over his comments today at Jackson Hole. Economics Professor at NYU Stern Nicholas Economides joins Yahoo Finance's Akiko Fujita to discuss.
Billionaire David Koch died on Friday at the age of 79, leaving behind a complicated legacy.
Aug. 21: Cresset does not see recession in our immediate future. Investors should bear in mind that a recession will come, at some point, as part of the natural longer-term economic cycle. The value of U.S. stocks relative to gross domestic product is at levels not seen since 1999 and suggests that the market has become untethered from the economy.
Sales have been falling and the company is loaded with debt. Investors now are waiting to see how the company will cut costs and stop the sales losses at its consumer unit.
Second-quarter global dividends hit a new record, but the rate of growth slowed to 1.1%. Dividends were hurt by a strong U.S. dollar, as many currencies fell against the greenback.
President Trump raised China tariffs late Friday, as the China trade war spirals. The Dow Jones dipped after plunging in Friday's session. So did Apple, AMD, Tesla and Nike.
Dividend stocks tend to be more recession-resistant, but some non-dividend-paying growth stocks also performed well during the Great Recession.
Financial advisors are beginning to prepare for some bad, but not unthinkable, “doomsday” scenarios, such as stagnant global growth as a result of record-high debt and record-low rates, or a deepened conflict between the U.S. and China.
Rob Arnott on why returns will be much lower than people expect, how cryptocurrencies look like a bubble, why investing overseas is important, and how people should position their portfolios to ride out the next decade.
Qualcomm Inc. on Friday said Dave Wise has retired, effective today, after 23 years at the company. Qualcomm's board of directors unanimously approved Akash Palkhiwala, senior vice president of finance, as interim CFO while the company seeks a permanent replacement. The CFO change is Qualcomm's second this year. Wise served in the interim role since April, when George Davis departed after six years to join Intel Corp. in the same capacity. Wise will consult for Qualcomm. Shares of the company are up slightly in after-hours trading, and 29% for the year. The S&P 500 index is up 14% this year.
U.S. stocks and Treasury yields sank after President Donald Trump said that American companies are “hereby ordered to immediately start looking for an alternative to China.”
Recasts top.) Aug 23 (Reuters) - Hopes for settlement of the yearlong U.S.-China trade war dimmed further on Friday as China said it will slap retaliatory tariffs on about $75 billion worth of U.S. goods, the latest escalation in the dispute between the world's two largest economies. President Donald Trump said he was ordering U.S. companies to exit China, as well as raising tariffs on $250 billion worth of goods to 30% from 25%. Trump also said that recently announced tariffs on $300 billion of Chinese products, virtually every remaining Chinese import, will have 15% tariffs levied on them instead of 10% as previously planned.