China does not need the “preferential treatment” on trade today that would’ve been justified decades ago, U.S. Commerce Secretary Wilbur Ross told CNBC on Wednesday. Ross said the U.S. doesn’t mind competition — but that it wants the race to be “on a fair and level playing field.” The United States made a policy decision […]
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India’s economic growth hit a three-year low during the April-June period, enveloping Prime Minister Narendra Modi in a barrage of criticism for poor execution of major reforms such as the recent national sales tax and demonetization. But a new World Economic Forum study indicates his government has made progress in strengthening overall business sentiment. The […]
Read moreDeclines in some of the stock market’s highest-flying technology stocks may have investors second-guessing, so CNBC’s Jim Cramer took to the fundamentals to help explain the drops. For example, recent talk of Apple’s iPhone 8 sales being worse than expected has weighed on shares of Apple as well as its suppliers. But Cramer said the […]
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While the market may seem fairly steady, CNBC’s Jim Cramer has noticed some major rotations swaying stocks below the surface as geopolitical tensions grow more strained. “The truth is we’re in unfamiliar territory here,” the “Mad Money” host said. “While I’m pretty sanguine about the broader market, I can’t blame anyone who wants to fall […]
Read moreTwenty years ago, the hardware economy was responsible for massive hard drives and clunky PCs. But one VMware executive told CNBC that there’s a new iteration at work. As more and more companies turn to cloud-based solutions in order to cut costs and connect with an increasingly digital world, Sanjay Poonen, VMware’s chief operating officer […]
Read moreFacebook CEO Mark Zuckerberg announced last week that he would sell up to 75 million shares — worth around $12 billion at current market value — in the next 18 months to fund his private investment company, the Chan Zuckerberg Initiative. That money will go to back a variety of progressive causes, including prison reform. […]
Read moreDeclines in some of the stock market’s highest-flying technology stocks may have investors second-guessing, so CNBC’s Jim Cramer took to the fundamentals to help explain the drops. “Let me give you my take on the dramatic see-saw-like action in the leaders of this market,” the “Mad Money” host said. “First, let’s tackle the real cause […]
Read moreThree different measures of valuation are leading one portfolio manager to approach the market with a cautious tone. “We’re concluding that we’re in a low-return environment and investors should be cautious,” on equities at this juncture, said Chad Morganlander, a portfolio manager at Washington Crossing Advisors. He considered three measures of valuation that leads him […]
Read moreInvesting giant Mike Novogratz may soon join the rush of new digital asset funds as the largest of them all. The head of Galaxy Investment Partners and former macro hedge fund manager at Fortress Investment is launching a $500 million fund to invest in digital assets like bitcoin, Bloomberg reported Tuesday, citing a person familiar […]
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Shares of Twilio were sharply lower on Tuesday afternoon after an announcement from Amazon saying that its Pinpoint system now allows users to trigger 2-way SMS messaging. Twilio fell 6.6 percent into the closing bell, though shares pared losses after hours. Amazon’s Pinpoint lets app managers “determine which push notifications to send, decide when to […]
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