Swiss wealth big UBS has predicted that the U.S. Federal Reserve might decrease rates of interest 3 times in 2020 — a forecast that differs broadly from many different projections calling for no change or only one charge minimize this 12 months. Arend Kapteyn, international head of financial analysis at UBS, mentioned on Tuesday […]
Tag: Markets
China December 2019 trade, imports, exports
Shipping containers sit stacked at Qingdao Port after snow on February 14, 2019 in Qingdao, Shandong Province of China. Visual China Group | Getty Images China’s dollar-denominated exports and imports were both higher in December, Reuters reported citing data from the General Administration of Customs. In December, dollar-denominated exports rose 7.6% on-year, against a 1.3% drop […]
Instacart insists its tipping policy is correct, despite boycott threat
A shopper for Instacart navigates through the aisles as she shops for a customer. Cyrus McCrimmon | Denver Post | Getty Images Instacart isn’t budging on the default tip rate on its platform amid growing calls for food and grocery delivery companies to increase payouts to contract workers. Nilam Ganenthiran, Instacart’s president, said the current […]
Jim Cramer’s ‘Mad Money’ recap & stock picks Jan. 13, 2020
CNBC’s Jim Cramer warned the recent gains in Alphabet could be short lived when the company reports earnings in coming weeks. The “Mad Money” host broke down the movements in other stocks that he said aren’t “momentum” based. Later in the show he sat down with GlaxonSmithKline CEO Emma Walmsley and CVS Health CEO Larry […]
600 HealthHUBs will be opened by the end of 2020
CVS Health CEO Larry Merlo told CNBC Monday that the health retailer is on track to meet its goal of rehabbing more than one thousand of its stores and said the chain is seeing positive early results. CVS launched three of its HealthHUB concept stores in the Houston, Texas region near the end of 2018 […]
Here’s what’s in the phase one China trade deal Trump is signing this week
U.S. President Donald Trump (R) and Chinese Vice Premier Liu He talk to reporters in the Oval Office at the White House April 04, 2019 in Washington, DC. Chip Somodevilla | Getty Images U.S. and China trade representatives will end years of intense bilateral negotiations with a “phase one” deal on Wednesday that promises billions […]
Cramer breaks down the rallies behind Tesla, Beyond Meat and Lululemon
CNBC’s Jim Cramer has been hammering home the difference between meaningless and meaningful gains on the stock market and on Monday laid out a basket of companies that are rising for good reason. “We don’t want to be in a situation where stocks keep roaring on the same old, same old information, so it’s a […]
IBM’s downgrade makes no sense
First Horizon National Corp.: “This stock is not down as well as I thought because I think that the acquisition was a brilliant acquisition. Others don’t. I think they’re wrong. [CEO] Bryan Jordan understands.” HollyFrontier Corp.: “I’m not going to disagree with you. I think it is a value play, as long as you accept […]
GlaxoSmithKline CEO seeks FDA approval for ‘at least’ six drugs in 2020
GlaxoSmithKline has made innovation its top priority as the drugmaker seeks to land federal approval of six drugs within the next 12 months, CEO Emma Walmsley told CNBC on Monday. Performance and trust round out the balance of GSK’s main priorities in 2020 as the British company labors to make advancements in treatments for a […]
Jim Cramer is skeptical of Google parent’s march toward $1 trillion
Alphabet is close to joining one of the most elusive clubs on Wall Street, but CNBC’s Jim Cramer said Monday that he is skeptical of the progress. Shares in Alphabet, the tech giant that owns Google, rose almost $10 to an all-time closing high of $1,440.03, pulling within 1% of reaching $1 trillion of market […]
