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What does Phase 1 of U.S.-China trade deal mean for the economy?

Yahoo Finance's Julie Hyman, Adam Shapiro, Akiko Fujita, Emily McCormick, Yousef Abbasi - INTL FCStone Director of U.S. Institutional Equities and Global Market Strategist and Scott Galloway NYU Stern Professor of Marketing break down the deal and what it means for the global economy.

  • CNBC’s Jim Cramer: Here comes the panic, but don’t rush to buy the dip
    Business
    MarketWatch

    CNBC’s Jim Cramer: Here comes the panic, but don’t rush to buy the dip

    That's how CNBC host Jim Cramer described Monday's sharp selloff in the stock market, which is shaping up to be the worst we've seen in several months amid mounting fears of the spread of the coronavirus. So is it time for a little bottom-fishing ahead of a very crowded docket of earnings report in the coming days? We've been saying over and over if we get an exogenous event that's when you get the sell off, that's when you have to buy,” Cramer explained.

  • The main reason for the stock market’s decline is NOT the coronavirus
    Business
    MarketWatch

    The main reason for the stock market’s decline is NOT the coronavirus

    The coronavirus is getting a bum rap as the cause of the stock market's recent weakness. That decline gathered steam on Monday, when the Dow Jones Industrial Average (DJIA) was at one point down more than 500 points. It's not that any of us should have sympathy for the virus, of course.

  • World
    TheStreet.com

    Jim Cramer: 6 Stocks to Buy on Coronavirus Fears

    The selling was so intense in that period that it didn't matter if you were buying Verizon or Caterpillar or American Electric Power . There were so many people who left Wuhan, the epicenter, when they were still healthy and they are now coming down with the illness. It's pretty clear that the virus spreads from rapidly person to person, so rapidly that we are hearing lots of conspiracies about a bio lab in Wuhan that might have mistakenly discharged the coronavirus and it was not transmitted initially by animals to humans.

  • A-list celebrities attend lavish party at Jeff Bezos' D.C. home
    Politics
    Yahoo Finance Video

    A-list celebrities attend lavish party at Jeff Bezos' D.C. home

    Jeff Bezos threw a lavish party at his new Washington, D.C. home, and some high-profile names were in attendance. These include Federal Reserve chairman Jerome Powell, Ben Stiller, Kellyanne Conway, Bill Gates, and Jared and Ivanka Trump.

  • Apple, AMD earnings: What to know in markets Tuesday
    Business
    Yahoo Finance

    Apple, AMD earnings: What to know in markets Tuesday

    Earnings season shifts into higher gear on Tuesday with a slew of quarterly reports, but investors will be paying especially close attention to tech giant Apple (AAPL) and chipmaker Advanced Micro Devices (AMD). iPhone and wearable sales are likely to help Apple beat consensus expectations, according to RBC analyst Robert Muller. The firm used social media data to assess consumer interest in Apple's products and the results were favorable to the company.

  • The Airbus-Boeing Duopoly Looks Extremely Unbalanced
    Business
    Bloomberg

    The Airbus-Boeing Duopoly Looks Extremely Unbalanced

    A decade ago Airbus was consistently delivering more planes than its arch-rival but its competitiveness was eroded by the strong euro and the nightmare of building the ill-fated A380 superjumbo. Until the two recent fatal crashes involving the Boeing 737 Max, it seemed like a similar story. While both companies had brimming order books, Boeing's cash flow was going through the roof and Airbus was bedeviled by production difficulties on new commercial aircraft and technical troubles involving the A400m military transporter.

  • Typical Retirement Savings By Age Groups: Are Yours Bigger?
    Business
    Investor's Business Daily

    Typical Retirement Savings By Age Groups: Are Yours Bigger?

    Active savers — in this case, Americans who own an IRA and-or a 401(k) account in the custody of Fidelity Investments — had savings for retirement of $215,400 as of Sept. according to new data IBD has obtained from Fidelity. In contrast, the average for all working-age families is shockingly low.

  • Dow Jones Futures Rise After China Coronavirus Slams Stock Market Rally; Apple, AMD, Starbucks On Tap; Acceleron Skyrockets
    Business
    Investor's Business Daily

    Dow Jones Futures Rise After China Coronavirus Slams Stock Market Rally; Apple, AMD, Starbucks On Tap; Acceleron Skyrockets

    Dow Jones futures rose modestly Monday, along with S&P 500 futures and Nasdaq futures after China coronavirus fears slammed the stock market rally Monday. Acceleron Pharma skyrocketed overnight on blood pressure drug news. Apple, Advanced Micro Devices and Starbucks are key earnings Tuesday.

  • The first stock-market ‘correction since October has begun,’ says Morgan Stanley analyst who called 2018 tech rout
    Business
    MarketWatch

    The first stock-market ‘correction since October has begun,’ says Morgan Stanley analyst who called 2018 tech rout

    However, his prediction that the market is more likely to decline by half that much indicates that he's forecasting a retreat from stocks that have hovered near records rather than a traditional correction. Wall Street investors, perhaps, shouldn't need the strategist to determine the current state of the equities, however. On Monday, the Dow Jones Industrial Average Stock markets have traded south in the past several sessions, with the Dow momentarily losing its grip on gains for 2020, as a rapidly spreading virus in China has sparked fears of a global outbreak that could curtail economic expansion in the world's second-largest economy.

  • Business
    Barrons.com

    3 Biotech Stocks Are Soaring Because Everyone Wants a Coronavirus Vaccine

    Shares of a handful of small and mid-sized biotechs that are working on vaccines for the Wuhan coronavirus soared on Monday, as worries over the spread of the illness weigh on the broader markets. “Companies stating their interest in development vaccines for coronavirus are likely too late, as we saw similar commentary around SARS and other similar situations,” wrote Jefferies health care trading desk analyst Jared Holz in a note Monday morning. The news reports bumping the three biotech stocks relate to early-stage programs using novel scientific modalities to move quickly on possible vaccines for the disease, which has killed at least 80 people worldwide.

  • 3 “Strong Buy” Stocks Under $5 That Are Ready to Run Higher
    Business
    TipRanks

    3 “Strong Buy” Stocks Under $5 That Are Ready to Run Higher

    With Orbcomm's shares trading roughly 4X our 2021 adjusted EBITDA estimate, we view the risk reward on the shares as very positive… We believe if management can execute, the shares should return to higher multiples. What does it mean, then? It means that Walkley keeps his Buy rating on Orbcomm.

  • Exxon at a 10-Year Low Shows Challenges for Oil’s Biggest Major
    Business
    Bloomberg

    Exxon at a 10-Year Low Shows Challenges for Oil’s Biggest Major

    Once the gold-standard of Big Oil, the stock closed Monday at its lowest since October 2010, amid a slump in oil prices due to concerns about weak demand coupled with a glut. Chief Executive Officer Darren Woods is running a counter-cyclical strategy by investing heavily in new oil and gas assets, at a time when many investors are demanding energy companies improve returns for shareholders. Exxon is betting on a “windfall of cash” to arrive from its investments sometime in the mid to late 2020s, said Noah Barrett, a Denver-based energy analyst at Janus Henderson, which manages $356 billion.

  • Analysts: 2 Big 8% Dividend Stocks to Buy (And 1 to Sell)
    Business
    TipRanks

    Analysts: 2 Big 8% Dividend Stocks to Buy (And 1 to Sell)

    Dividends provide a steady income stream, whether markets go up or down. With that in mind, we delved into the market data from TipRanks.com to get the lowdown on 3 high-yield dividend stocks, two of which analysts think are set to shine in 2020, and one whose prospects aren't quite as bright. Viper has exploration rights in more than 14,000 acres in the Midland, which are exploited by third parties and subsidiaries who then pay the royalties that make up Viper's income.

  • Lucky's Market files for bankruptcy, plans to shut down Colorado headquarters
    Business
    American City Business Journals

    Lucky's Market files for bankruptcy, plans to shut down Colorado headquarters

    Lucky's Market has filed for bankruptcy and is closing its corporate headquarters in Niwot. The Lucky's Market Parent Company — a registered LLC — owes about $36 million to its 30 largest creditors, based on Chapter 11 bankruptcy reorganization petitions the company and its affiliated stores filed Monday in the U.S. Bankruptcy Court in Delaware. The company checked the box on the paperwork saying it had between 10,001 and 25,000 creditors.

  • Rare VIX Inversion Points to Potential End of U.S. Equity Rout
    Business
    Bloomberg

    Rare VIX Inversion Points to Potential End of U.S. Equity Rout

    Monday's slump in the S&P 500 has created the rare situation where the term structure for the Cboe Volatility Index is inverted. As the VIX surged to its highest level since October, the spot price exceeded the the March future prices, indicating more perceived risk in the immediate term rather than the longer term. Such an inversion usually doesn't last long and can be a sign that the sell-off may be nearing its end, according to Susquehanna's co-head of derivatives strategy, Chris Murphy.

  • Business
    American City Business Journals

    Massive 777X takes flight, and Boeing expects big sales will soon follow

    Boeing thinks the market for its 777X widebody jet, which flew its first test flight Saturday, will ripen over the next four years, despite the current order drought. Though 777X sales have been few and far between, the Chicago-based jet maker expects order demand will grow to between 60 and 100 jets a year starting in 2022, Boeing 777X marketing director Wendy Sowers said. The jet has 309 orders so far, and customers include: British Airways, Cathay Pacific Airways, Emirates, Etihad Airways, Lufthansa, Qatar Airways and Singapore Airlines.

  • Acceleron stock soars on lung drug trial data
    Business
    American City Business Journals

    Acceleron stock soars on lung drug trial data

    Mere months after its first product was approved by the FDA, Cambridge's Acceleron Pharma is closer to executing a one-two punch after announcing new clinical trial data this week. Acceleron (Nasdaq: XLRN) reported Monday that its high blood pressure disorder drug sotatercept succeeded in a midstage trial. The rare-disease drug is designed to treat pulmonary arterial hypertension, a condition that causes the small arteries in the lungs to narrow, blocking blood flow and causing pressure to build up.

  • Fog grounded choppers at time of Bryant crash
    U.S.
    Associated Press Videos

    Fog grounded choppers at time of Bryant crash

    The helicopter carrying Kobe Bryant and eight others that crashed into a hillside outside Los Angeles was flying in foggy conditions considered dangerous enough that local police agencies grounded their choppers. All nine people on board died. Jan.

  • What to know for year two of the Trump tax plan
    Business
    Associated Press

    What to know for year two of the Trump tax plan

    Last year's filing season was an adjustment for taxpayers and industry professionals alike as it was the first under a massive overhaul of federal tax law. While this year's season is expected to be more sedate, there are a few tweaks to be aware of. STANDARD DEDUCTION The standard deduction doubled under the new tax law that took effect in 2018.

  • Why Warren Buffett's Berkshire Hathaway is a hot stock pick for millennials
    Business
    Yahoo Finance

    Why Warren Buffett's Berkshire Hathaway is a hot stock pick for millennials

    When it comes to investing, it appears 89-year-old Warren Buffett is still hip with millennials.The Oracle of Omaha's Berkshire Hathaway landed on millennials' top 10 list of investments in the fourth quarter of 2019, according to new research from the clearing house Apex Clearing. To be sure, they're buying the less expensive Berkshire Hathaway Class-B stock (BRK-B), which currently trades at around $200 per share, compared to Berkshire's Class-A shares (BRK-A), which have traded at or near $300,000 per share for the last two years. The Apex Q4 Millennial 100 report analyzed more than 734,000 investment accounts owned by U.S.-based investors with an average age of 31.

  • Business
    Benzinga

    8 Cloud Stocks To Own In 2020

    Bank of America has a Buy rating and $215 price target for CRM stock. While Amazon's core e-commerce business is still going strong, its Amazon Web Services cloud segment has been the company's major growth driver in recent years. Analyst Justin Post has said Amazon is the earliest in its penetration curve of all the FANG stocks, and AWS and advertising should generate $4.7 billion in incremental profits for Amazon this year.

  • Americans Will Inherit $764 Billion This Year, Mostly Tax-Free
    Business
    Bloomberg

    Americans Will Inherit $764 Billion This Year, Mostly Tax-Free

    Americans are projected to inherit $764 billion this year and will pay an average tax of just 2.1% on that income, New York University law professor Lily Batchelder estimates in a paper published Tuesday by the Brookings Institution. “If anything, we should be taxing income from inheritances at higher rates than income from work,” Batchelder, a former adviser to President Barack Obama who has advised several Democratic presidential campaigns on tax policy, said in a phone interview.

  • Liz Weston: Retirees' top money regrets
    Business
    Associated Press

    Liz Weston: Retirees' top money regrets

    In a previous column, I detailed retirees' biggest lifestyle regrets, such as not traveling more before their health gave out and not communicating clearly with a partner about what they hoped retirement would be like. The big ones, of course, are starting to save too late and not saving enough, but there are other common regrets, according to certified financial planners from the Financial Planning Association and the Alliance of Comprehensive Planners. About 1 out of 3 Social Security recipients apply for benefits at the earliest age, which is 62.

  • At Exxon, CEO's promised turnaround sapped by chemicals, refining
    Business
    Reuters

    At Exxon, CEO's promised turnaround sapped by chemicals, refining

    At Exxon Mobil Corp , CEO Darren Woods' plan to revive earnings at the largest U.S. oil and gas company is being sidetracked by the two businesses he knows best: chemicals and refining. Another year of poor profit could require Exxon to re-evaluate its bold spending plans or weaken its ability to weather the next oil-price downturn, say oil analysts. Exxon already must borrow or sell assets to help cover shareholder dividends.

  • Business
    TheStreet.com

    Kass: Apple Is the Most Consequential Investment That Warren Buffett Ever Made

    Berkshire's investment in Apple is a bold manifestation of his avoidance of portfolio diversification which has characterized his investing style for over five decades... it is the largest investment that Berkshire has ever made and, by far, the most profitable (on a time-adjusted or absolute dollar basis) of any investment portfolio position he has made. On an initial investment of $36 billion, Berkshire has made approximately $43 billion.