China is expected to report its official manufacturing Purchasing Managers’ Index for the month of October on Tuesday. That will mark the country’s first data release after last week’s Communist Party leadership confab. Analysts polled by Reuters expected China to post official PMI of 52.0 for October, down from 52.4 in September. A reading above […]
Read moreU.S. stocks closed lower ahead of Asia’s Tuesday trading day following news that planned stateside tax cuts could be phased. Investors in the region also awaited the release of China’s official Purchasing Managers’ Index and the Bank of Japan’s rates decision later in the session. Tax cuts were in the spotlight overnight following a Bloomberg […]
Read moreCNBC’s Jim Cramer has noticed a lot of action in the stock market recently that, in theory, shouldn’t be happening. “This is a market that seems to have suspended nearly all of the ordinary rules that we go by. Things that aren’t supposed to happen have been happening at a faster pace than at any […]
Read moreIn a market that is markedly difficult for retailers and enamored with all things technology, CNBC’s Jim Cramer has watched a rift form between winning and losing stocks. “This is a really Dickensian, ‘Tale-of-Two-Cities’-style market,” the “Mad Money” host said. “It is at once the best of times if you own the banks and the […]
Read moreAlmost eight months after Snap Inc.’s initial public offering, CNBC’s Jim Cramer wondered if the beleaguered social media company could be getting its groove back. After coming public at $17 a share in March, Snap’s stock hit its peak of $29.44 on its second day of trading before starting a long journey down. The stock […]
Read moreIn a market that is markedly difficult for retailers and enamored with all things technology, CNBC’s Jim Cramer has watched a rift form between winning and losing stocks. “This is a really Dickensian, ‘Tale-of-Two-Cities’-style market,” the “Mad Money” host said. “It is at once the best of times if you own the banks and the […]
Read moreFacebook said on Monday that Russia-based operatives published about 80,000 posts on the social network over a two year period in an effort to sway U.S. politics, and that about 126 million Americans may have seen the posts during that time. Facebook gave the details about the reach of Russian posts in written testimony the […]
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For online retailers, Amazon is becoming even more daunting. Amazon will own a bigger piece of e-commerce sales this year owning about 44 cents out of every e-commerce dollar spent in the U.S., up from 38 cents the previous year, according to new estimates on public companies from research firm eMarketer. More from Recode:Amazon will […]
Read moreWhen Apple reports quarterly earnings later this week, there may be a surprising bright spot: China. According to estimates from Canalys, Apple’s smartphone shipments to China increased to 11 million units from 8 million a year earlier, due to lower prices on older iPhones. The jump follows six straight quarters of declines. China has become […]
Read moreThe upcoming sixth season of “House of Cards” will be its final season, a Netflix spokesperson confirmed to CNBC. The news of the series conclusion comes a day after allegations of unwanted sexual advances surfaced against lead actor Kevin Spacey. Actor Anthony Rapp told BuzzFeed the Oscar-winning actor made a sexual advance towards him when […]
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