Treasury Secretary Steven Mnuchin told CNBC on Monday he would be willing to bet that gross domestic product can sustain at least 3 percent growth later this year. “That’s really been the focus. That’s what everyone should be focused on. That’s our scorecard,” he said in a “Squawk Box” interview. “We are well on our […]
Read moreThe trade framework being negotiated between the United States and China would have been right up Gary Cohn‘s alley, CNBC Jim Cramer said Monday. Cohn, who was director of President Donald Trump‘s National Economic Council before Larry Kudlow, “would’ve liked this deal very much, I believe,” Cramer said on “Squawk on the Street.” Cohn was […]
Read moreProlonged bull markets with periods of low volatility can create risk complacency and even “risk amnesia.” Any subsequent market correction and/or spike in volatility often shakes investors out of their state of complacency and ignites a sense of fear of what they may have temporarily forgotten — that markets can and will go down. While […]
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The consumer staples sector opens this week at the bottom of the S&P 500 again, but one technician has identified a quiet achiever that could break out. “Take a look at the chart of Hormel,” Craig Johnson, chief market technician at Piper Jaffray, told CNBC’s “Trading Nation” on Friday. “It started to show a big, […]
Read moreCheck out the companies making headlines before the bell: Alphabet – Alphabet’s Google operation was the subject of a piece in last night’s episode of “60 Minutes,” highlighting the company’s power and airing comments from critics who say Google is stifling competition. General Electric – GE will merge its transportation business with rail industry equipment […]
Read morePayPal shares rallied on news it plans to acquire Swedish payment company iZettle, and all signs point to this as a smart move. Even though the price tag is expensive — a hefty $2.2 billion — this helps solidify PayPal as end-to-end payments solution as retail shoppers continue moving online and payments are made increasingly […]
Read moreEmerging market stocks fell deeper into correction territory on Friday and were on track for their worst week in nearly two months. But some see opportunity — if you have the stomach. “These emerging markets stocks are always going to be a higher volatility play, so you have to be willing to deal with both […]
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Despite calls that bitcoin would rally throughout New York City’s “Blockchain Week,” the cryptocurrency’s price has dropped about 10 percent since the festivities kicked off. Bitcoin fell below $8,000 as the conferences wrapped up Friday, hitting a low of $7,931.43 after trading above $8,800 Monday, according to CoinDesk. “Many repeat attendees commented that the panels […]
Read moreGoldman Sachs warns that investors are starting to cool on commodities and could miss out on further gains for the year’s best-performing asset class. Earlier this week, the bank raised its outlook for its commodities index, which tracks assets like crude oil and copper. It now thinks the Goldman Sachs Commodities Index will return 8 […]
Read moreAllergan could face activist pressure from David Tepper’s Appaloosa Management after the Federal Trade Commission cleared the way for him to build on his stake in the drug-maker. Shares rose 3.7 percent on Thursday but were trading down in premarket trading on Friday after the disclosure on the FTC’s website on Wednesday. The approval allows […]
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