Are you a student and think investing is something that only people with full-time jobs can do? Well, think again. “If you have enough cash to leave a 10-buck tip after you’ve had food out, you have enough money to start investing,” said Emmet Savage, CEO of Rubicoin. “There’s this misconception that you need thousands […]
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By revenue, chipmakers face the greatest risks in escalating trade tensions with Beijing. Among U.S. industries, semiconductor and semiconductor equipment companies have the highest revenue exposure to China at 52 percent, Morgan Stanley equity strategists said in a June 12 report. Chipmaker Qualcomm has 65 percent revenue exposure to China, and optical components manufacturer Lumentum […]
Read moreCheck out the companies making headlines before the bell: Verizon – The telecom giant’s stock was upgraded to “buy” from “hold” at Deutsche Bank, which said fundamentals are improving but the stock price hasn’t yet caught up. Deutsche Bank points to potential from 5G technology and an improving wireless business, among other factors. Tesla – […]
Read moreHoward Marks believes top investors can still thrive even as trading machines become more active in the financial markets. “Computers can do an unmatched job dealing with the things that can be counted: things that are quantitative and objective. But many other things — qualitative, subjective things — count for a great deal, and I […]
Read moreFreshly announced trade tariffs from the White House may be sending stocks into a tailspin, but a market correction is inevitable even without them, billionaire investor Jim Mellon told CNBC’s “Worldwide Exchange” on Tuesday. The trade war worries are “certainly having an effect on the market, but the market is reacting because it’s already far […]
Read moreGlobal stock markets fell sharply on Tuesday after President Donald Trump threatened to impose an additional trade tariff on $200 billion worth of Chinese goods. Following that bombshell, Chinese stock markets closed sharply lower. The volatile Shenzhen fell almost 6 percent, while the Shanghai Composite neared a two-year low. European stocks followed suit and by […]
Read moreForeign governments pulled back their purchase of longer-term U.S. debt as trade tensions escalated around the world. The declines are relatively small so far for notes and bonds — just shy of $5 billion each for March and April, the most recent months for which Treasury data is available — but it signals a potentially […]
Read moreShares of Rent-A-Center soared more than 20 percent on Monday after the rent-to-own retailer announced it is being acquired by Vintage Capital Management. Vintage Capital will pay $15 per share in cash for the company, which went public back in 1995. Including debt, the deal is valued at around $1.37 billion. The acquisition is expected […]
Read moreThe Federal Reserve’s decision to hike short-term interest rates is big news for investors. The Fed raised the federal funds rate a quarter percentage point — to 2 percent, from 1.75 percent — last week and signaled that it plans another two hikes this year. The change brings the rate — which sets the terms […]
Read moreBJ’s Wholesale Club expects its initial public offering to be priced between $15 and $17 per share, giving the warehouse club operator a market capitalization of up to $2.15 billion. At the top end of that range, the offering of 37.5 million shares would raise $637.5 million. The company, which was taken private in 2011 […]
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