Veteran economist Stephen Roach on Tuesday slammed President Donald Trump for his trade actions against China and urged the administration to take a different approach. “I would focus on this issue of market access,” said Roach, former chairman of Morgan Stanley’s operations in Asia. “China, like it or not, is going to shift its model […]
Read moreShares of Intel fell more than 1 percent on Tuesday after Bernstein downgraded the stock and slashed its price target, citing a narrow path for further gains and uncertainty following the abrupt departure of its CEO. Analyst Stacy Rasgon lowered his rating on Intel to underperform from market perform and slashed his price target on […]
Read moreHoly chips! The SMH semiconductor ETF tumbled nearly 4 percent on Monday in its worst daily performance since April. The ETF, which houses 25 of the largest U.S.-traded chips stocks, is on track for its first negative quarter since the third quarter of 2015, and according to one technical analyst, it’s about to get worst. […]
Read moreNo one knows with certainty where the market is headed on a daily, monthly or yearly basis. While you can always find an example of an active investment manager who beat the market for a year or two, it’s nearly impossible to find evidence of any manager doing so on a consistent basis over the […]
Read moreCurrency, United States Finance
Europe prepares provisional measures to safeguard its metal industry against Trump's tariffs
The European Union (EU) is preparing a set of measures to protect its steel and aluminum producers following the U.S. tariffs recently imposed on its metals industry. EU Trade Commissioner Cecilia Malmstrom said Tuesday that these could be announced as early as mid-July. They are part of a wider European response to President Donald Trump‘s […]
Read moreCheck out the companies making headlines before the bell: General Electric – GE announced plans to spin off its health-care unit, selling 20 percent and distributing the rest to shareholders, and it will also exit its stake in Baker Hughes over the next two to three years. Today is also the first time since 1907 […]
Read moreGeneral Electric said it would “adjust” its dividend once a just announced spinoff of its health-care business is completed. GE shares rose in premarket trading Tuesday after the beleaguered industrial conglomerate said it would shed GE Healthcare and sell its stake in energy company Baker Hughes. The company said it would focus on the aviation, […]
Read moreGE‘s turnaround strategy is becoming clear. On Tuesday the company announced its plan to spin off its health-care unit and separate its stake in oil services company Baker Hughes over the next two to three years. GE will focus its operations on the aviation, power and renewable energy businesses. “Today marks an important milestone in […]
Read moreBuyout group KKR has started preparations to list vending machine operator Selecta on the stock exchange as soon as the fourth quarter 2018 and is sounding out banks for another blockbuster Swiss listing, people close to the matter said. The private-equity firm is working with investment bank Lazard as so called IPO advisor on the […]
Read moreLong-time bull Art Hogan may become the first Wall Street analyst to cut his year-end forecast due to risks of a trade war. If the tensions don’t subside soon, the B. Riley FBR chief market strategist told CNBC’s “Trading Nation,” his S&P 500 price target of 3,000 may be unattainable. “It was our target at […]
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