Back in February, the Trump administration announced a slew of sanctions against North Korea, slapping penalties on one person, 27 companies and 28 ships, according to a statement on the U.S. Treasury Department’s website. Tensions between the U.S. and North Korea were also evident in each country’s rhetoric, with leaders of both nations exchanging personal
Month: April 2018
At the bustling Canton Fair in southern China, second-generation textile manufacturer Pan Jing has drastically marked down her prices. The sign at her booth says it all: “Stock very cheap, factory for sale … stock clearance.” It wasn’t an easy decision for Pan’s family to sell the 32-year-old cotton mill started by her father in
Shares of Square fell Monday after noted short-seller Andrew Left’s Citron Research said excitement over the payments processor’s bitcoin trading product was overdone. The stock briefly lost 3.8 percent to $45.76 a share before recovering some of its losses. Square is a “collection of yawn businesses,” Citron said in a tweet Monday afternoon. “WallSt. drunk
Optimists have held onto the hope that even if the Fed moves more aggressively, it will be doing so for the right reasons. That would mean strong economic growth accompanied by just a dose of inflation that would push wages higher and increase quality of life without an outsized rise in prices. The other side
The key takeaway for college students is to think about “what are the skills that might help you thrive with the degree that you love,” said Katie O’Connor, director of content at Credit Karma. That includes potentially pursuing double majors, internships or other strategies that will help boost your prospects at graduation. “Don’t not major
Summer travelers may find that visiting a national park is a hair pricier this year as some rate hikes go into effect June 1. But nature-loving vacationers shouldn’t worry too much. The planned increases aren’t widespread and aren’t they likely to be a budget-buster. Starting June 1, visitors will pay either $3, $5 or $10
Energy stocks haven’t been this hot since 2015. These gains are just the beginning, says one technician. “Lows have been made. You’re starting to make some higher highs and some higher lows in here,” said Craig Johnson, chief market technician at Piper Jaffray, told CNBC’s “Trading Nation” on Friday. “You’re above your 50-, 200-day moving
Brent crude, the international benchmark, hit a session peak of $75.41 off a low of $73.47. Brent was last up 56 cents at $75.20. Prices began moving higher after Netanyahu’s office promised a “significant development” regarding the Iran nuclear deal was coming. The International Atomic Energy Agency has repeatedly confirmed that Iran is sticking to
Botox maker Allergan reported a better-than-expected quarterly profit on Monday and raised its full-year forecast for adjusted net income, driven by higher sales of its medical aesthetics products including the blockbuster wrinkle treatment. The company’s shares rose about 2.4 percent to $166.70 in premarket trading. Sales of Botox, its biggest drug by revenue that is
To that point, Madoff’s firm, which collapsed in 2008, duped pension funds, foundations, a philanthropy established by the Holocaust survivor Elie Wiesel and wealthy individuals, such as actors Kevin Bacon and Kyra Sedgwick. No one really knows just how much money is stolen from Americans each year. More than $100 billion is a safe starting
The long, weak recovery from the financial crisis of 2008–2009 has finally kicked into a higher gear this year. Stronger economic growth, rising inflation expectations and a policy shift at the Federal Reserve Board, however, will challenge one of the most successful investing strategies of the last decade: credit risk. In a very low-yield environment,
It’s very important for women, regardless of their marital status — single, divorced, widowed or married — to take a much more active role in their financial lives. By taking a more active role, women will gain more clarity, confidence and control of their lives. To do so, women need to learn as much as
Shares of McDonald’s rose nearly 4 percent on Monday after the company posted better-than- expected earnings before the opening bell. The company said it earned $1.79 per share on $5.14 billion in revenue, beating analyst expectations. Wall Street had expected earnings of $1.67 per share on $4.98 billion in revenue, according to Thomson Reuters estimates.
Ill-equipped investors may be set for a rude awakening if the rising-rate environment continues, Fundstrat’s Tom Lee is warning. “Rising interest rates, after a period of extraordinary monetary policy and intervention, and a three-decade trend of falling interest rates, is a regime shift markets are not well prepared to acclimate,” Lee wrote in a note
WASHINGTON — T-Mobile’s proposed merger with Sprint would create a new national wireless giant capable of taking on Verizon and AT&T. The combined company, which would be called T-Mobile, would cover about 100 million customers. But how, exactly, will all those customers fare if regulators sign off on the deal? And what about the millions
Robert Szaniszló | NurPhoto | Getty Images The winners 1st Lewis Hamilton, 2nd Kimi Räikkönen and 3rd Sergio Perez on the podium during the award ceremony at Azerbaijan Formula 1 Grand Prix on Apr 29, 2018 in Baku, Azerbaijan Further evidence of a “big three” team dominance is clear when looking at the results from
Damaging revelations of misconduct at Australia’s largest listed money manager, AMP, may take years to fix, according to Morningstar. “It’s going to be a rough, rocky ride for the next six months, twelve months, probably even longer for investors in AMP,” Morningstar Analyst David Ellis told CNBC’s “Street Signs.” Catherine Brenner resigned Monday from her
Hong Kong’s appeal to would-be IPOs rests largely on its familiarity with Chinese firms, its convenient timezone for mainland executives and its new rules. “On Nasdaq, the main investors for biotech stocks are mainly U.S. funds, but, in Hong Kong, we can better tap Chinese and Asian investors as we are closer to them,” said
Sprint and T-Mobile have sealed a blockbuster merger agreement, producing a telecom behemoth that values the combined company at $146 billion, the two carriers announced on Sunday. The proposed all-stock deal values Sprint at about $59 billion and the combined company at $146 billion, including debt. Without debt, the combined company is valued at $26.5
Blue Origin has launched its New Shepard rocket Sunday from its facility near Van Horn, Texas in the company’s first flight of 2018. The vehicle — named after the first American in space, Alan Shepard — launches vertically from the West Texas facility. Founder Jeff Bezos, who invests $1 billion each year into Blue Origin
A veteran investor is lifting his call for investors to lighten up on tech stock exposure. Paul Meeks, who’s known for running the world’s largest technology fund during the Dotcom boom, said recently the relative fundamentals of the group is now about “as good as I’ve seen.” “I like these stocks,” the Sloy, Dahl &
If you’re ready to commit to a boat, watch your expenses. Both the Thomases and Giffords used older boats for their trips: Saturnalia was built in 1973 and Totem in 1982. “You’ll have your boat goal and your provisions goal,” said Ryan Dignum, a financial planner with Dignum Financial Partners in Fort Worth. “You always
China’s securities regulator has released new guidelines for foreign investment in Chinese security joint ventures in which it eased some restrictions and launched an application process for more foreign ownership. The consultation period for the new rules that began in March is now over and the final regulations have been officially released for immediate implementation,
For Markle, disclosures of the income she receives could reveal information about the royal family to the U.S. government. For example, Prince Harry reportedly receives both investment income through assets left to him by his mother and an allowance from his father. If those assets are in a foreign trust, Markle would have to fill
Think about your health costs as part of your overall retirement plan when you’re assessing savings strategies. “It’s a cash flow issue, not a lump sum expense,” McClanahan said. “I tell people, save for the future and do what you can to control your medical expenses, just like you try to control your other expenses.”
Drew Angerer | Getty Images Adult film actress Stormy Daniels (Stephanie Clifford) and Michael Avenatti, attorney for Stormy Daniels, speak to the media after a hearing related to Michael Cohen. A judge on Friday delayed a lawsuit by porn actress Stormy Daniels against President Donald Trump and his personal attorney. Trump’s attorney, Michael Cohen, asked
T-Mobile is closing in on a deal to merge with Sprint that will value Sprint near its current market price of $6.50 per share, according to people familiar with the matter. The $26 billion deal could be announced as soon as Sunday, said the people, who asked not to be named because the negotiations are
Shares of Sprint whipsawed in after-hours trading after CNBC reported that T-Mobile is closing in on a deal with the telecom company for $26 billion. The deal would value Sprint shares near its market price of $6.50, sources told CNBC. The terms of the deal would allow Deutsche Telekom, which currently owns nearly two-thirds of
The Chinese company stopped trading April 17 after the U.S. banned American companies from selling components to ZTE for seven years. The decision was made in response to the company’s violation of U.S. sanctions against Iran and North Korea. ZTE pleaded guilty last year. The company then delayed its first-quarter earnings report and board meeting,
Ann Johansson | Corbis | Getty Images Jeffrey Ubben, CEO of ValueAct Capital Partners Ubben sees a big growth market for Strayer in its enterprise business. “The idea is …. to use technology to keep tuition [low enough] to the point it could be a corporate benefit and pretty soon we’re educating the masses in
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