cnbc

cnbc

  • cnbc wrote a new post, (no title), on the site US Stock Info 1 day, 9 hours ago

    A steepening yield curve is a positive sign for growth, and those sectors are closely linked to cyclical performance of the economy. “I would say as the yield curve steepens, it has a positive impact on equity prices on a relative basis. He looked at relative return going back 10 years, vs. the 2-year to 10-year yield curve. The yield curve steepens when interest rates on longer duration bonds are higher than on the shorter duration and the spread between them gets wider. At that point, the 3-mo
    Once a source of panic, the yield curve is validating stocks' comeback and may crown the winners

  • cnbc wrote a new post, (no title), on the site US Stock Info 1 day, 9 hours ago

    The hope is that AR can be the next major computing platform that replaces phones, computer screens, televisions and more with a pair of smart glasses. The first headset will be big, according to the Information, which said it will be similar in size to Facebook’s large Oculus Quest virtual reality headset. Apple’s headset and glasses will use cameras for augmented reality, similar to what’s already available on modern iPhones and iPads, the report said. Apple plans to reduce the size of that wi
    Apple's smart glasses said to launch in 2023, three years later than originally expected

  • cnbc wrote a new post, (no title), on the site US Stock Info 1 day, 9 hours ago

    Asia Pacific markets saw losses throughout the region by Monday afternoon, as shares in Hong Kong tumbled amid worsening tensions in the city. In Hong Kong, the Hang Seng index was deep in negative territory, declining 2.62% by the close as political turmoil in the city worsened. Sectors across the board in the Hang Seng index tumbled, including property developers, tech, financial, as well as gaming stocks. On the earnings front, Singapore’s DBS Bank reported a stronger-than-expected rise in it
    Hong Kong markets tumble to close 2.6% lower as tensions soar

  • cnbc wrote a new post, (no title), on the site US Stock Info 1 day, 9 hours ago

    The data marks a rebound from the second-quarter gross domestic product (GDP) which contracted by 0.2%. On a year-on-year basis, third-quarter growth slowed to 1%. Walker said there had been some modest growth in retails sales and he had hoped this might prop growth up a little more. “Underlying growth in the U.K. is clearly below trend,” he said before adding that when accounting for Brexit-related swings in production, the data looked “a little bit tepid.” The Bank of England said last week th
    UK economy avoids recession with third-quarter growth rebound

  • cnbc wrote a new post, (no title), on the site US Stock Info 1 day, 9 hours ago

    European leaders need to “wake up” and act amid a “considerable” risk that the European Union will disappear in the future, French President Emmanuel Macron has warned in an interview with The Economist. The bloc emerged in the wake of World War II with the aim of avoiding conflict and bringing economic prosperity to the region. “I don’t think I’m being either pessimistic or painting an overly gloomy picture when I say this. According to the French president, the EU has been too focused on growi
    The EU stands 'on the edge of a precipice,' French President Macron warns

  • cnbc wrote a new post, (no title), on the site US Stock Info 1 day, 9 hours ago

    Outgoing European Central Bank (ECB) executive board member Benoit Coeure will lead a new unit at the Bank of International Settlements (BIS) focused on financial technology like digital currencies, the group announced Monday. Coeure was tapped to run the BIS’ new “Innovation Hub,” which was set up earlier this year to understand how technology is affecting central banks around the world. The BIS, known as the central bank of central banks, is based in Basel, Switzerland. It is owned by 60 centr
    Top ECB official will lead a global central bank effort focusing on digital currencies

  • cnbc wrote a new post, (no title), on the site US Stock Info 1 day, 9 hours ago

    Movie director Woody Allen and Amazon’s content arm have settled a $68 million legal battle after the U.S. company canceled a contract at the start of this year. But in papers filed Friday, the two parties agreed the case should be dismissed, according to an AP report. Allen’s daughter Dylan Farrow accused her father of molesting her in an attic in 1992 when she was 7 years old, an allegation Allen has repeatedly denied. Allen’s company, Gravier Productions, got an international release for “A R
    Woody Allen and Amazon settle $68 million legal battle over canceled movie contract

  • cnbc wrote a new post, (no title), on the site US Stock Info 1 day, 9 hours ago

    A protester attempts to pick up a teargas canister fired by police during a demonstration on November 10, 2019 in Hong Kong, China. Protests in Hong Kong took a violent turn Monday, heightening an already volatile situation days after a group of pro-democracy lawmakers was arrested in the city. In one incident, a Hong Kong protester is in critical condition after being shot by police on Monday morning local time. Speaking at an afternoon press conference, Hong Kong police said the incident occur
    Hong Kong violence spirals as one man shot, another set on fire

  • cnbc wrote a new post, (no title), on the site US Stock Info 1 day, 9 hours ago

    Bryan Bedder / Stringer | Getty ImagesCondoleezza Rice, the former United States Secretary of State, said on Monday the ‘global order’, or rule-based system of international relations created by the U.S. and its allies after World War Two, was in a “somewhat dangerous and chaotic” state. Headlining a CNBC-moderated panel on “Political Risk in the 21st Century” at the Adipec oil and gas conference in Abu Dhabi, Rice told the audience that “the global order is suffering a period of dislocation, I
    'The international system is somewhat dangerous and chaotic,' Condoleezza Rice warns

  • cnbc wrote a new post, (no title), on the site US Stock Info 1 day, 9 hours ago

    Bloomberg | Bloomberg | Getty ImagesU.S. shale oil production has shown some signs of moderation in recent months and production growth could be slowing, but experts told CNBC at Abu Dhabi’s influential oil & gas summit that the U.S. shale revolution won’t be stopped any time soon. The agency said the U.S. will start exporting more crude oil and petroleum products than it imports by the final quarter of 2020, and then would remain a net oil exporter for years to come. The net exporter status com
    The US shale revolution won't stall despite headwinds, global oil experts say

  • cnbc wrote a new post, (no title), on the site US Stock Info 1 day, 9 hours ago

    European stocks traded lower Monday morning amid a dampening of optimism over U.S.-China trade, after U.S. President Donald Trump denied that he had agreed to roll back tariffs on Chinese goods. The pan-European Stoxx 600 was down around 0.2% in morning trade, with basic resources shedding 1.9% as most sectors and major bourses traded in the red. Hopes of trade progress rose on Thursday when China’s Commerce Ministry said Beijing and Washington had agreed to lift existing tariffs on one another’
    European stocks lower on dampened trade hopes, Hong Kong escalations

  • cnbc wrote a new post, (no title), on the site US Stock Info 1 day, 9 hours ago

    However, according to the latest CNBC Invest in You survey, two-thirds of respondents think one is coming. More than two-thirds of respondents said they believe the economy is going to weaken going into 2020. Right now, the economy is strong, giving President Donald Trump a healthy push going into next year’s election. Those are the big questions for Americans who want to know when the stock market is going to shrink. And when they say “market drop” they mean “recession.”
    Despite strong economy, two-thirds of adults fear a recession could come next year, according to Invest In You survey

  • cnbc wrote a new post, (no title), on the site US Stock Info 1 day, 9 hours ago

    Voi TechnologySwedish electric scooter sharing start-up Voi Technology has raised $85 million from investors, a move the firm hopes will help it reach profitability in the next few years. The new round was led by Stockholm-based investment group Vostok New Ventures, Voi said Monday. “Already now we have seen seasonable profitability in some cities,” Fredrik Hjelm, Voi’s co-founder and CEO, told CNBC in an interview. Fredrik Hjelm CEO of Voi TechnologyVoi, however, is up against stiff competition
    European e-scooter firm Voi raises $85 million in funding round

  • cnbc wrote a new post, (no title), on the site US Stock Info 1 day, 9 hours ago

    Sea Group-owned e-commerce firm Shopee said its order volume tripled in the first hour compared with last year. The shopping extravaganza started in China a decade ago but has since been adopted by retailers in Southeast Asia. Most of those online retail sales will come from mobile. Helming the growth of e-commerce in the region are companies like Lazada, Shopee and Indonesian players Tokopedia and Bukalapak. “If you look at online retail (portion) of the overall retail space, it’s still a very,
    Singles Day started in China but now it's catching on in Southeast Asia's growing e-commerce market

  • cnbc wrote a new post, (no title), on the site US Stock Info 1 day, 9 hours ago

    Markets point to a lower open as trade war concerns persist1 Hour AgoU.S. stock index futures were lower Monday morning as investors closely monitor news on the China-U.S. trade front, after President Trump said Friday that he has not agreed to scrap tariffs on Chinese goods. CNBC’s Kate Rogers reports.
    Markets point to a lower open as trade war concerns persist

  • cnbc wrote a new post, (no title), on the site US Stock Info 1 day, 9 hours ago

    Twenty/20Thanksgiving may still be a few weeks away, but for millions of Americans, the holiday shopping rush has already begun. The study also found that 41 million Americans are still paying off holiday credit card debt from last year. It is possible to get your holiday shopping done without spending more than you want or ending up in credit card debt. Look carefully at your overall savings and budget to see how much money you can allocate to holiday purchases this year. “A lot of people still
    7 tips to avoid overspending and going into debt this holiday season

  • cnbc wrote a new post, (no title), on the site US Stock Info 1 day, 9 hours ago

    Currently they own about 2.5 million small businesses in America in a host of industries, according to the Small Business Administration. “The steady paycheck of the military — the stability of a full-time job — is a stark contrast to being a small business owner,” said Scales. The steady paycheck of the military — the stability of a full-time job — is a stark contrast to being a small business owner. Still, some of her fellow small business owners are already facing rising prices, she said. Mut
    Vet turns family recipe into $80,000 venture that launched on Amazon

  • cnbc wrote a new post, (no title), on the site US Stock Info 1 day, 9 hours ago

    Pro-democracy protests have hurt the Hong Kong economy, but the chief executives of two major banks said their businesses in the city have not been affected in a big way. Singaporean bank DBS said on Monday that net profit for its Hong Kong business jumped 14% year-on-year in the July-to-September quarter. Hong Kong contributed around 334 million Singapore dollars, or 20%, of DBS’ overall profits in the third quarter this year. Piyush Gupta, CEO of DBS, told CNBC’s Tanvir Gill that he doesn’t an
    Hong Kong protests haven't hurt our profitability, say bank CEOs

  • cnbc wrote a new post, (no title), on the site US Stock Info 1 day, 9 hours ago

    One of the worst-performing retail stocks this year just broke down even more. The stock is down more than 35% for the year, while the XRT retail ETF has climbed 8% over the same stretch. It could get worse for Gap, according to Craig Johnson, chief market technician at Piper Jaffray. “Gap shares are just purely out of fashion at this point in time,” Johnson said on CNBC’s “Trading Nation” on Friday. Erin Gibbs, chief investment officer at Gibbs Wealth Management, also sees Gap as a no-touch sto
    It could get worse for one of the worst-performing retailers, traders say

  • cnbc wrote a new post, (no title), on the site US Stock Info 1 day, 9 hours ago

    Oil is a “broken barometer” and a “lagging indicator of Middle East stress,” according to Helima Croft, managing director and global head of commodity strategy at RBC Capital Markets. “We have a market that is singularly focused on the demand side; the whole idea that Chinese demand is going to go off a cliff,” said Croft, a closely-watched oil market expert. But China’s crude oil imports are resilient, she added. In October, crude oil imports into China rose 11.5% from a year earlier to a recor
    Oil is a 'broken barometer' and 'lagging indicator' of Middle East tensions, energy expert says

  • Load More
Skip to toolbar