China is set to see another set of Purchasing Manager’s Index readings on Tuesday as Caixin and IHS Markit announce indicators amid concerns about slowing growth in the world’s second-largest economy. In June, the Caixin manufacturing PMI came in at 50.4, up from May’s 49.6, which was an 11-month low. Levels above 50 signal an […]
Read moreAs the leader of the world’s third-largest economy battles an acute crisis of confidence, questions over his future and his namesake economic program loom large. Public backlash over suspected cronyism on the part of Japanese Prime Minister Shinzo Abe has pushed support for the 62 year-old to under 30 percent — his lowest level ever. […]
Read moreElon Musk is a man of his word. The self-made billionaire (16 times over) has a lot of demands on his time running the electric car company Tesla, aerospace company SpaceX and his new venture, Neuralink, which aims to connect the human brain with computing power. Yet when Musk he received a letter from a […]
Read moreAt-home DNA-testing company 23andMe is recruiting 25,000 people for a study to determine how genes influence brain functions in people diagnosed with depression and bipolar disorders. The Google-backed company’s latest project is a collaboration with the Milken Institute, a medical research nonprofit, and Lundbeck, a drug developer, to study the genetics — and also symptoms, […]
Read moreGreater political uncertainty stateside after another high profile personnel change Monday and China Caixin manufacturing PMI due later in the session are expected to be in focus during the Asian trading day. Anthony Scaramucci was fired by President Donald Trump just 10 days after he was tapped to be White House communications director. The dismissal, […]
Read moreAugust trading kicks off Tuesday on what could be one of the more important market days of the summer. The PCE inflation data report, which is closely watched by the Fed and a key to its decisions on interest rates, leads a series of major economic reports, including personal income and spending, and car sales. […]
Read moreIn a stock market with possible winners everywhere, Jim Cramer likes to highlight its unsung heroes. On Monday, he chose Baxter International, Becton Dickinson and Boston Scientific, crowning them “the killer B’s.” “Why call them ‘the killer B’s,’ aside from the obvious? Because these guys simply refuse to stop going higher. Their stocks almost never […]
Read moreWhile investors found the second-quarter earnings results for Domino’s Pizza less than tasty, President and CEO Patrick Doyle said Wall Street had nothing serious to fear. “We’ll work through it. We’ll see just how quickly we can get it moving again,” Doyle told “Mad Money” host Jim Cramer on Monday. “You know, these are fixable […]
Read moreWith Washington lawmakers still at odds over health care and tax reform and unpredictable agents like North Korea seemingly gaining power, it can be tough for Jim Cramer to stay bullish. “It’s really hard to stay positive about this market in the face of conventional wisdom that is so darned negative,” the “Mad Money” host […]
Read morePandora posted better-than-expected financial results on Monday, but fell short of estimates in terms of active listeners. The stock popped as much as 7 percent in extended trading, briefly wiping out the day’s losses. But after an initial spike, shares lost steam and flattened out. Adjusted earnings per share (EPS): Loss of 21 cents per […]
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