Shares of Arconic dropped more than 6 percent in early trading on Monday after Reuters reported the U.S. company formerly called Alcoa knowingly supplied flammable panels for use at London’s Grenfell Tower. Reuters said six emails sent to and by an Arconic manager raised questions about why the company supplied the combustible panels despite a […]

Closely followed trader Art Cashin told CNBC on Monday that the Bank for International Settlements just came out with a “wild card” remark on the market becoming vulnerable to another 2008-type financial crisis. Cashin spoke after the BIS, an umbrella body for leading central banks, said in an annual report on Sunday that “pricing anomalies […]

Dan Loeb’s Third Point, which has more than doubled the S&P 500’s return the last two decades, just made its largest investment ever with a multi-billion dollar bet on Swiss food giant Nestle. Loeb’s hedge fund firm owns around 40 million shares of Nestle, according to an investor letter published Sunday. The position totals over […]

Shares in Nestlé rose more than 4 per cent on Monday morning after the Swiss consumer group became latest target of US activist investor Daniel Loeb. Mr Loeb’s Third Point has taken an investment position of roughly 40m shares, or 1.3 per cent, in the company, and has begun “productive conversations” with management, the US-based […]

Check out which companies are making headlines before the bell: Whole Foods – Whole Foods continues to be a stock to watch, with speculation continuing about a possible competing bid to Amazon’s $13.7 billion deal. Reuters reported late Friday that Wal-Mart is not actively considering a bid, according to a source familiar with the matter. […]

Crude oil may see further pain ahead after logging a five-week losing streak and tracking for its worst first-half percentage fall since the late 1990s, according to a Reuters estimate. The price of oil has fallen as concerns over a global supply glut have yet to subside, and OPEC-led production cuts have had relatively little […]

Financial markets are not often as gentle and generous as they’ve been this year. Just count the blessings the market gods have bestowed: The S&P 500 has returned close to 10 percent (including dividends) so far in 2017, and 19 percent over the past 12 months, with global markets climbing in harmony with U.S. shares. […]

The second quarter is almost over, and it’s been a good one for stocks. All of the major benchmarks are up strongly over the past three months, with the Dow Jones Industrial Average posting a gain of nearly 4 percent. As we head into the final week of the period, investors should be keeping on […]

Bond investors may soon pay a hefty price for being too pessimistic about the economy, according to portfolio manager Joe Zidle. Zidle, who is with Richard Bernstein Advisors, believes the vast amount of money flowing into long-duration bonds is signaling a costly mistake. “Last week alone, there is a 20-year plus treasury bond ETF that […]

If the man often hailed as the original “Dr. Doom” is right, the stock market could see another “lurch” higher — at which point investors may want to cash out quickly and run for cover. Marc Faber, the editor of “The Gloom, Boom & Doom Report’ and a perennial bear, isn’t backing down from his […]