Business News
Morgan Stanley analysts say Fed to cut U.S. rates in September
Morgan Stanley analysts said on Monday that they now expect the U.S. Federal Reserve to cut rates in September and then again in October.
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Business News
Wall Street slides on geopolitical, recession fears
U.S. stocks dipped in a broad sell-off on Monday as rising geopolitical tensions spooked investors away from equities and the extended U.S.-China trade war stoked fears of impending global recession.
Business News
Colombia fines Uber more than $629,000 for obstructing regulatory visit
Colombia’s commerce regulator said on Monday it would fine ride-hailing company Uber Technologies Inc more than $629,000 for obstructing a regulatory visit in 2017.
Business News
U.S. transportation chief asks new FAA head to review agency in wake of 737 MAX crashes
U.S. Transportation Secretary Elaine Chao said on Monday she has asked the new head of the Federal Aviation Administration (FAA) to assess the agency’s performance in the wake of two fatal crashes of Boeing Co’s 737 MAX planes since October.
Business News
Yen, gold gain on trade war angst; Argentine peso sinks
Investors piled into gold, safe-haven yen and bonds on Monday over nagging concerns about a prolonged U.S.-China trade war and global growth, while Argentina’s peso plunged 22% after voters handed its president an election mauling.
Trading Ideas
Scott Gottlieb Questions CBD Legality, Calls for Regulation
On Friday, I was doing my morning run on the treadmill as I flipped through premarket financial news.
And I watched the former head of the Food and Drug Administration (FDA), Dr. Scott Gottlieb, on CNBC’s Squawk Box.
At times, the interview had me irritated. At other points, I was nodding my head.
In my view, his comments really painted the problem American cannabis and CBD companies are faced with. And a lot of it comes down to lack of clarity.
Gottlieb stated that “all the CBD being put into food and dietary supplements is illegal.”
When those words left his mouth, I cringed at …read more […]
Business News
Tyson to rebuild plant after fire, assures weekly pay for full-time workers
U.S. meat processor Tyson Foods Inc said on Monday it will rebuild a Kansas beef plant after a fire heavily damaged the facility last week and that full-time, active employees would be paid weekly until production resumes.
Business News
Oregon joins states’ lawsuit to block T-Mobile, Sprint merger
Oregon has joined a multistate lawsuit to block the merger of U.S. wireless carriers T-Mobile US Inc and Sprint Corp , the New York attorney general’s office, which is leading the lawsuit along with California, said on Monday.
Business News
Oil steadies as Saudi, Kuwait signals offset demand fears
Oil prices were little changed on Monday as expectations that major producers would continue to reduce global supplies faced worries about sluggish crude demand growth due to the U.S.-China trade war.
Business News
Wall Street slips on political tensions, recession fears
U.S. stocks slipped on Monday as political tensions around the world and fears that a prolonged U.S.-China trade war would push the global economy into recession sapped risk appetite.
Trading Ideas
How to Eat Better, Live Longer… and Get Richer
If you’re trying to eat better, you won’t focus on the grocery store, but rather the choices you make there.
Today, Alexander Green explains why the same is true for investors: The key to health (and wealth) isn’t where you shop, but what you buy.
Tell people you are an investment analyst, and you’re bound to hear the same question over and over: “So what do you think about this market?”
“I try not to,” I often reply.
I’m not being flip. Most investors spend far too much time obsessing over the market.
Is it overvalued? Is it undervalued? Will the bull market continue? When …read more […]
Business News
Wall Street slips as trade war stokes fears of recession
U.S. stocks slipped on Monday, dragged down by financial shares, as investors fled riskier assets on fears that a drawn-out trade war between the United States and China could force the global economy into recession.
Business News
Jet Airways sale suffers setback as two potential investors back out
Creditors’ hopes of resurrecting India’s Jet Airways and salvaging some value from the bankrupt airline were dealt a fresh blow on Monday as two potential investors said they were no longer interested in putting money into the business.
Business News
Reliance-Microsoft cloud tie-up poses threat to Amazon, Google in India
India’s Reliance Industries Ltd on Monday announced a partnership with Microsoft’s Azure cloud platform, in a move that deepens the offerings of its Jio telecoms unit while posing a direct challenge to rival cloud services providers such as Amazon.com and Alphabet’s Google .
Business News
Barrick posts profit jump, flags significant work ahead on Acacia
Barrick Gold Corp reported quarterly adjusted profit that nearly doubled on higher production on Monday, and said it has a “great deal of work” ahead resolving problems around its African unit, whose buyout the company expects to complete next month.