Check out which companies are making headlines before the bell: Rockwell Collins — The defense contractor agreed to be acquired by United Technologies for $23 billion in the biggest-ever aerospace deal. Rockwell shareholders will receive $140 per share, consisting of $93.33 in cash and the rest in United Technologies stock. Walt Disney – Wells Fargo […]
Read morePresident Donald Trump should stick with imposing sanctions on North Korea and avoid military conflicts, a former undersecretary of state for political affairs told CNBC on Tuesday. “Right now there are no good military options beyond defense,” said Nicholas Burns, who has served presidents of both parties. “The Trump administration has to focus on economic […]
Read moreThere’s no denying that indexing is on a tear. Over the last 10 years, investors have plowed $1.57 trillion into index funds but have yanked $1.3 trillion out of active funds, according to research firm Morningstar. And the trend shows no signs of abating. “We’ve seen a big shift since the financial crisis, and with […]
Read moreBitcoin fell by another $300 on Tuesday after the fallout of a Chinese ban on cryptocurrency crowdfunding methods saw the price of the digital coin slump earlier this week. The virtual currency fell from $4,584 to $4,350 on Monday following the announcement of a regulatory clampdown on initial coin offerings (ICOs). Many start-ups rely on […]
Read moreAfter eight solid months for the market, the odds are no longer in investors’ favor, according to Doug Gordon, senior portfolio manager at Russell Investments. “I think there’s some asymmetry here,” Gordon said Friday on CNBC’s “Trading Nation.” “Certainly the upside isn’t equal to the potential for downside, when we look at it in a […]
Read moreWestern Digital has offered to drop out of a bid for Toshiba’s lucrative semiconductor business in return for a stronger position in the two companies’ chip joint venture, two sources said on Tuesday. Toshiba needs to sell the chip unit to plug a giant hole in its finances caused by the failure of the conglomerate’s […]
Read moreHurricane Harvey devastated Texas, but it could bring some fiscal order to Washington where Republicans and Democrats will need to put political differences aside in order to approve spending to repair the damage from flooding in and around Houston. Lawmakers returning to Washington after a month-long break are expected to swiftly agree to an initial […]
Read moreGerman Chancellor Angela Merkel has urgently called for more sanctions over North Korea. In a parliamentary address Tuesday, Merkel said she would meet with European Union (EU) foreign ministers this weekend to discuss ramping up sanctions against the rogue state, which launched its latest and most powerful nuclear test on Sunday. “North Korea’s nuclear tests […]
Read moreThe odds were stacked against them, at more than 300 to 1. But in a property market as hot as Hong Kong’s that wasn’t enough to stop some 1,300 home seekers queuing for a chance to get their hands on just four flats in Parc City, Tsuen Wan. And according to estate agents, about 1,000 […]
Read moreDespite the buzz around electric vehicles, the chairman of Japanese car maker Toyota is skeptical that consumers will embrace such cars immediately, given current limitations in battery technology. The remarks by Takeshi Uchiyamada, told to CNBC in an exclusive interview, mark a departure from the sentiment of several players in an industry that’s trying to […]
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