U.S. companies aren’t leaving China in a big way yet, despite escalating trade tensions between the two economic powerhouses, analysts said. “A lot of companies are talking about making changes, but (are) not actively making changes,” said Chris Rogers, research analyst at Panjiva, a supply chain data company that’s part of S&P Global Market Intelligence....
Ten things need to change for the stock market to come back from its Monday declines, CNBC’s Jim Cramer said as high-profile technology stocks Facebook and Apple led the major averages lower. “When does this rout end? When do the buyers come in? When do the sellers finish?” he wondered aloud on “Mad Money.” “Frankly,...
The Trump administration’s mixed messaging on trade with China could result in increased tensions between the United States and the People’s Republic, CNBC’s Jim Cramer said Monday as the major averages endured a technology-led sell-off. After hearing the hard-line stance embraced by Vice President Mike Pence in his Oct. 4 speech at Washington’s Hudson Institute,...
Schlumberger Ltd.: “My charitable trust owns SLB and it owns BP because these have good yields and good balance sheets and I think that oil is not done. I was going back and forth with my colleague today and he said, ‘Listen, you’ve got to be really careful. This is the twilight of fossil.’ And...
Amazon CEO Jeff Bezos has a new “shadow” adviser, a role that’s highly coveted inside the company because it involves following around the billionaire founder for a year or two and learning all aspects of the business. The position is now held by Wei Gao, a female executive of Chinese descent, whose LinkedIn profile says...
The C in Apec stands for Cooperation. But when the two biggest members are fighting a trade war and using the forum to attack each other’s policies, it was always going to be hard work delivering on that. The weekend’s Asia-Pacific Economic Cooperation summit in Port Moresby was one of open disagreement, led by disputes...
Check out the companies making headlines after the bell: Urban Outfitters shares rose over 6 percent during after-hours trading Monday after the retailer beat analysts’ expectations on revenue and earnings. The company reported earnings of 70 cents a share versus an estimate of 62 cents a share. Third-quarter revenue was $974 million, while analysts had...
The bull market is “in trouble,” strategist Alicia Levine told CNBC on Monday. U.S. stocks continued to fall on Monday, with large tech stocks leading the way down. The action came after equities posted sharp weekly losses on Friday. “There is probably another leg down from here,” said Levine, chief investment strategist at BNY Mellon....
Shares of payments company Square dropped 10 percent Monday as major tech stocks struggled to find footing. Square‘s stock fell 10 percent to roughly $63 after, bringing its one-month losses to 14 percent. Shares of the San Francisco-based company, run by Twitter CEO Jack Dorsey, had been on a tear for most of this year...
One of Wall Street’s most famous proverbs of this bull market is backfiring. “Buy the dip,” or picking up a stock or the whole market when they sell off, isn’t working for the first time in 16 years, according to analysis from Morgan Stanley. The investment bank looked at the average return for the S&P...