Danish shipping group A.P. Moller-Maersk beat third-quarter operating profit forecasts on Wednesday, but said a trade war between the United States and China had hit demand for container shipping. Maersk, the world’s biggest container shipper, said the effect of trade tensions could reduce global container trade between 0.5 and 2 percent during 2019 and 2020.
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Things may be looking up for U.S.-China trade relations, which in turn is good for networking hardware colossus Cisco Systems, Chairman and CEO Chuck Robbins told CNBC on Wednesday. “We’re beginning to hear some positive sound bytes around this,” Robbins told Jim Cramer in an exclusive “Mad Money” interview. “I’m optimistic that we’ll get to
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In a wide-ranging interview, Salesforce CEO Marc Benioff compared using Facebook to nicotine addiction. “Facebook is the new cigarettes,” Benioff told journalist Kara Swisher for an MSNBC special, “Revolution: Salesforce Changing the World,” which will air on Nov. 18 at 10 p.m. ET. “You know, it’s addictive. It’s not good for you. There’s people trying
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In an uncertain investing environment, CNBC’s Jim Cramer likes to highlight “the best of the best” of the “slowdown plays,” or stocks that do well in a weaker economy. So, on Tuesday, the “Mad Money” host profiled the turnaround at Bausch Health Companies, the drugmaker formerly known as Valeant Pharmaceuticals. Under the leadership of Chairman
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Bayer’s adjusted core earnings were flat for the quarter, as better prescription numbers for cardiovascular drug Xarelto were tempered by a weaker animal health business and a strong euro weighing on the value of overseas sales. Third-quarter earnings before interest, tax, depreciation and amortization (EBITDA), adjusted for one-off items, came in at 2.2 billion euros
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Semiconductor stocks are getting wrecked. The chipmakers have taken on water in November, falling nearly 2 percent and compounding losses suffered since the beginning of fall. Stocks like Qualcomm, Skyworks, Nvidia, Micron and AMD are all sharply lower in the past week. The worst could still be ahead for the group, says Boris Schlossberg, managing
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Nvidia’s earnings report — specifically its forecast for the current quarter — is likely to disappoint Wall Street this week, claims Susquehanna’s Christopher Rolland, but he’s upgrading the stock anyway. “To be clear, this is not a call on NVIDIA’s quarter… in fact, we think the odds are substantial that management’s guidance will miss the
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Gyrating markets, rising rates and significant market volatility will always create anxiety for investors and leave them with a bad, sinking feeling. Those big swings typically cause investors great concern, no matter the rise or fall. But what is the root of the anxiety? Behavioral science suggests that humans are “uncertainty reduction” machines. That’s one
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Stocks will only recover from Monday’s dramatic sell-off if seven key things happen to brighten the outlook for the broader market, CNBC’s Jim Cramer said as the major averages pulled back. “The thinking behind today’s action is surprisingly simple: money managers are buying the winners and selling the losers,” he said on “Mad Money.” “Unfortunately,
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He called the October correction, and now that same money manager believes stocks are at risk for another leg lower. According to Federated Investors’ Steve Chiavarone, last week’s midterm election was just one of three key events that could spook the markets again before year’s end. He lists President Donald Trump’s meeting with President Xi
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