President Donald Trump said on Friday he wants OPEC to raise its oil production. “Hope OPEC will increase output substantially. Need to keep prices down!” Trump said on Twitter. Tweet Link OPEC announced from its meeting in Vienna that it would raise output, but it was unclear by how much. The official press release by

Bonds issued by Walmart to fund its acquisition of Indian ecommerce company Flipkart contain controversial provisions that could be used to withhold compensation to investors if the deal is delayed. The big box retailer sold $8.5bn bonds on Wednesday whose documents contain legal language used recently by other issuers to avoid paying such compensation, in

Now might not be a good time to enter the market with new capital, an investor told CNBC. “We’re going from a Goldilocks economy with low interest rates, low inflation expectations, stellar corporate earnings to an economy that’s full of big bad wolves,” K.C. Mathews, chief investment officer at UMB Bank, said Friday on “Power

“Bull markets don’t die of old age” is a piece of trader wisdom trotted out to justify hanging out in stocks in a bid to try and squeeze out the last of any potential gains in a cycle. But as market lore goes, this piece of advice may now be injurious to your financial wealth.

The era of the Federal Reserve approving what banks can return to shareholders in the form of dividends and stock buybacks should end, former Wells Fargo CEO Dick Kovacevich told CNBC on Thursday. “We’re a free enterprise system. There’s lots of capital in the system now, and banks should be allowed to return what they

Chinese smartphone maker Xiaomi has lined up $548 million from seven cornerstone investors including U.S. chipmaker Qualcomm for its Hong Kong IPO of up to $6.1 billion, according to a term sheet seen by Reuters. Xiaomi, which also makes internet-connected devices, has set a price range of HK$17 to HK$22 ($2.17 to $2.80) each for

Check out the companies making headlines after the bell: Shares of Barnes & Noble shot up nearly 8 percent in after-hours trading. The popular bookseller chain saw its sales and earnings rise significantly in its fourth quarter. HP shares gained nearly 3 percent in extended trading. The hardware technology manufacturer authorized an additional $4 billion

South Korea-based cryptocurrency exchange Bithumb said Wednesday it was temporarily suspending deposit and withdrawal services after about $30 million worth of cryptocurrency was stolen. The Seoul-based operator said on Twitter that the stolen coins would be covered from Bithumb’s own reserves and that all users’ assets are being transferred to safer “cold wallet.” Tweet 1:

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

China’s Xiaomi Corp said on Tuesday it will postpone its mainland share offering until after it completes its listing in Hong Kong. Xiaomi said it would submit an application to China’s securities regulator to postpone the ongoing review of its China depository receipts offering application. It did not say when it would restart its CDR

A growing number of US hedge funds specializing in distressed debt are raising money in anticipation that the next economic downturn will punish companies that have borrowed record amounts since the financial crisis. Jason Mudrick, founder of $1.9bn Mudrick Capital, is marketing a second distressed investment fund, according to people with knowledge of the matter.

Germany may only account for 3.4 percent of the world economy, but it is more than a quarter of the European Union’s demand and output. The EU, in turn, is close to 20 percent of the world economy, and, based on last year’s numbers, it takes $283.5 billion of U.S. exports, or 18.3 percent of

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

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

Bitcoin is on the decline, but ethereum might be a better bet in cryptocurrency, Brian Kelly told CNBC. Bitcoin, the most popular digital coin and largest by market cap, was priced around $6,400 on Friday — a staggering decline from its December highs of around $19,500. But cryptocurrency is still a relatively new industry, and

Investors need to be vigilant as trade war talk heats up, but there may be some buying opportunities to be had amid the volatility, veteran fund manager Larry Glazer told CNBC on Friday. U.S. stocks cut their losses on Friday after fears of a trade war eased. Earlier in the day, the market fell after

A proposal to simplify a rule banning banks from proprietary trading, rather than making life easier for Wall Street, could ensnare billions of dollars’ worth of assets not currently caught by the regulation. This little-noticed wrinkle, if it were to make it into the final rule, could prompt Wall Street firms to overhaul their Treasury,

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

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

Markets increased their expectations for a fourth interest rate hike this year after the Federal Reserve released its statement and economic projections on Wednesday. Fed funds futures showed the odds for a hike in December, which would follow one likely in September, rose to 58 percent, according to traders. That’s up from around 50 percent

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

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

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

The historic bull market in U.S. equities is maturing, but that doesn’t mean there isn’t room for more upside, according to Barclays’ new U.S. stock strategist. “It’s late, but the party’s still going,” Maneesh Deshpande said in a note to clients Monday. “We think we are just entering the late stage despite more than nine

For bitcoin traders, key times to buy or sell often come at the least opportune time to be behind a computer monitor: Saturday night. Some of the digital currency’s steepest price swings have happened over a weekend. Bitcoin hit its all-time high near $20,000 on a Saturday in December, and dove to a recent two-month

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.

President Donald Trump repeated earlier this month his frequent complaint that the “the U.S. has been ripped off by other countries for years on trade,” but he omitted to mention that the “ripping off” process continues — on his watch. Here is what’s happening to U.S. trade accounts under Trump’s stewardship: Last year, America’s deficit

The Federal Reserve could have a surprise in store for investors this week, even if everyone already knows the central bank is raising interest rates. Along with the quarter-point increase in the Fed’s benchmark short-term target, the policymaking Federal Open Market Committee is likely to announce another change that would signal an early exit from

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

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