Finance

Investors shouldn’t overreact to the back and forth trade retaliation announcements between the U.S. and China, according to top market veterans. Several of the most successful investors in the world predicted the two economic superpowers will eventually reach a deal after some short term saber rattling. Trade tensions with China rose to new highs Monday
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Respected geopolitical analyst George Friedman thinks blockchain, the technology underlying bitcoin, will one day become “obsolete.” “I’ve never known any encryption technology not to be broken,” Friedman told CNBC on Thursday from the sidelines of the UBS CIO Global Forum in New York. “I doubt between Russia, China, U.S. intelligence services” that blockchain can’t be
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The Federal Reserve may have telegraphed a fourth interest rate hike this year, but markets didn’t quite get the message. After the conclusion Wednesday of its two-day meeting, the Federal Open Market Committee, through the so-called dot plot of individual members’ expectations, indicated that it would increase rates two more times before 2018 ends. That
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Check out the companies making headlines after the bell: Shares of Adobe tumbled 3 percent in extended trading. The design software company reported better-than-expected earnings for the second quarter of its 2018 fiscal year and forecast strong third-quarter guidance. Adobe reported earnings per share of $1.66 on revenue of $2.2 billion, versus the $1.54 EPS
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In Silicon Valley, hyperbole is becoming a problem, according to prominent short-seller Jim Chanos. The billionaire who predicted the fall of Enron is warning investors to be skeptical of young, optimistic leaders of companies that he says could end up like disgraced start-up Theranos. “There seems to be a culture where you’re allowed to say
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Media and telecommunications stocks shot higher in extended trading Tuesday after a federal judge ruled in AT&T’s favor on its $85 billion deal to acquire of Time Warner. Time Warner shares traded more than 5 percent higher in aftermarket trading. The widely anticipated ruling comes amid pent-up interest in forging combinations across the entertainment and
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Check out the companies making headlines after the bell on Tuesday: Shares of Time Warner surged more than 4 percent in extended trading, after a federal judge approved a proposed takeover by AT&T. U.S. District Court Judge Richard Leon imposed no conditions on the $85.4 billion deal, which the U.S. Department of Justice sued to
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Daniel Kahneman, a Nobel Prize-winning economist, said Tuesday financial advisors still play a major role in the finance world — despite recent technological disruptions in the industry — as they act as therapists for investors. As an advisor, you have to find out “what the client’s needs are, what the client’s capabilities are in terms
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The U.S. Senate Banking Committee on Tuesday voted to approve Richard Clarida and Michelle Bowman as Federal Reserve governors, sending their nominations to the full senate for a confirmation vote. The Republican-controlled committee advanced Clarida’s nomination 20-5 and Bowman’s 18-7. Seven of the panel’s 12 Democrats backed Clarida and five voted in favor of Bowman.
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New technologies for diabetes treatment are becoming essential for those who suffer from the disease, according to J.P. Morgan, and that could make companies such as Dexcom compelling investment opportunities. “The diabetes space is currently experiencing its biggest technological wave of innovation from glucose measurement (continuous glucose monitoring) to insulin dosing (insulin pumps),” analyst Robbie
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Dialog Semiconductor, which supplies power management chips for Apple‘s iPhone, is in talks to acquire Synaptics, the maker of touch-screen and display technology used in mobile devices, according to a person familiar with the matter. Bloomberg previously reported the talks. Dialog, which has a market capitalization of about $1.1 billion, is smaller than Synaptics, whose
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Alibaba affiliate Ant Financial is now reportedly worth more than Goldman Sachs, thanks largely to dominance in two trends that have swept China: mobile payments and money market funds for consumers. Ant Financial announced Friday Beijing time that it raised about $14 billion. The funding values the company at around $150 billion, The Wall Street
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The “Fast Money” traders shared their first moves for the market open. Pete Najarian was a buyer of Target. Tim Seymour was a buyer of Yandex. David Seaburg was a buyer of Advanced Micro Devices. Guy Adami was a buyer of Transocean. Trader disclosure: On June 7, 2018, the following stocks and commodities mentioned or
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