AT&T announced a strategic partnership with secretive “mixed reality” start-up Magic Leap on Wednesday. Magic Leap showed off its first product, called the “Magic Leap One,” last year after much hype and mystery. It is a so-called mixed reality headset that is connected to a small computer you wear on your hip. Many virtual reality […]
Read moreSoftBank Group CEO Masayoshi Son said on Tuesday he was optimistic that U.S. President Donald Trump’s escalation of trade disputes and heightened scrutiny of foreign investments would not affect the Japanese firm’s prolific dealmaking. Trump’s administration has been slapping trade tariffs on Chinese goods and blocking Chinese investments in the United States it deems a […]
Read moreInvesco market watcher Kristina Hooper believes Wall Street should brace for trouble. “We could see another about 10 percent sell-off, and it could happen relatively quickly or it could be a bit more gradual this time – sort of death by a thousand slashes potentially this fall,” the firm’s chief global market strategist said Tuesday […]
Read moreThree of the big Wall Street banks report quarterly earnings at the tail end of this week. For investors looking ahead to Citigroup, Wells Fargo and J.P. Morgan Chase earnings on Friday morning, the options market appears to be saying, “Nothing to see here.” Stacey Gilbert, head of derivative strategy at Susquehanna, explained Tuesday on […]
Read moreTwitter’s stunning rally this year is due for a big pullback, according to Nomura Instinet. The firm initiated coverage on the social media company’s shares with a reduce rating, predicting it will report earnings below expectations next year. “We view Twitter as a stable and extremely valuable platform with long-term strategic value,” analyst Mark Kelley […]
Read moreCurrency, United States Finance
How Trump’s NATO summit and Putin meeting could shape the future of the West
The combination of a high-stakes NATO summit and a one-on-one meeting between President Donald Trump and his Russian counterpart Vladimir Putin could bring about the most dramatic geopolitical sea change since the end of the Cold War, analysts have told CNBC. The U.S. president’s working trip to Europe started with a two-day international gathering of […]
Read moreCheck out which companies are making headlines before the bell: Iqiyi, Baidu, Alibaba, JD.com – U.S.-listed China tech stocks are under pressure, following news that the U.S. is preparing additional tariffs against $200 billion in Chinese goods. 21st Century Fox – Fox raised its offer price to buy the part of British broadcaster Sky that […]
Read moreA slight increase in the number of homes for sale may be helping to juice the mortgage market. After falling for two straight weeks, mortgage application volume rose 2.5 percent last week, seasonally adjusted, compared with the previous week. The increase was driven entirely by purchase applications. Still, total volume is 4.3 percent lower than […]
Read moreCurrency, United States Finance
Germany says it 'can cope' with Trump's comments on Russian influence
Germany can take President Donald Trump’s criticisms in its stride, the country’s Defense Minister Ursula von der Leyen told CNBC Wednesday. Trump kicked off this week’s NATO summit with scathing words for Europe’s economic powerhouse, calling it “captive” to Russia over its plans for a $11 billion gas pipeline that would connect the two countries […]
Read moreCurrency, United States Finance
Trump launches tirade at NATO summit: 'Germany is a captive of Russia'
President Donald Trump claimed Germany is “totally controlled” by Russia on Wednesday. Speaking in Brussels, Belgium on the first leg of his European trip, the U.S. president said a slew of “inappropriate” energy deals had given Moscow far too much influence over the continent’s largest economy. This is a breaking news story, please check back […]
Read more