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Monthly Archives: June 2018

Pinnacle shares rise following report that ConAgra has approached the company about a potential deal

Daniel Acker | Bloomberg | Getty Images Sean Connolly, chief executive officer of ConAgra Foods. Conagra Brands has approached Pinnacle Foods about a potential acquisition, sources familiar with the situation told CNBC on Thursday. Conagra and Pinnacle did not immediately respond to CNBC’s request for comment. A pairing of Healthy …

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China FXI ETF under pressure from Trump’s trade tactics

AFP | Getty Images Investors monitor stock prices at a securities company in Jiujiang, China, June 19, 2018. An exchange-traded fund tracking shares of large Chinese companies traded in Hong Kong is on pace for its longest losing streak since 2012. The iShares China Large Cap ETF (FXI) fell more …

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Buy Square shares because its sales will soar from its new services to restaurants: Instinet

Louis Ascui | Fairfax | Getty Images Jack Dorsey, co-founder and CEO of Square and Twitter. Square has a large untapped opportunity to offer more services to the restaurant industry, according to one Wall Street firm. Nomura Instinet reiterated its buy rating for Square shares, predicting the payment company’s new …

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Shares of Amazon slide after Supreme Court sales tax ruling

Shares of online retailers such as Amazon and Etsy fell in trading Thursday after the U.S. Supreme Court ruled states have the right to collect potentially billions of dollars in taxes from internet sales. Amazon and eBay shares both slipped about 1 percent, while e-commerce websites Etsy, Shopify, Overstock and …

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Trump’s trade war to hit 65% of global business leaders: CNBC survey

Leah Millis | Reuters President Donald Trump addresses a meeting of the National Space Council in the East Room of the White House in Washington, June 18, 2018. Still, 60 percent of North American CFOs say the full benefits of the Trump tax cuts remain, regardless of the trade risks. …

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The bull case for stocks in three charts

An underlying trend may be insulating the market from a sustainable decline. Based on charts of the S&P 500, Nasdaq and Russell 2000, the Bespoke Investment Group’s Paul Hickey used a technical indicator called the advance/decline line to show market breadth is positive — a sign that supports expectations of …

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OPEC kingpin Saudi Arabia just ‘threw down the gauntlet’ in its push to ramp up production

Heinz-Peter Bader | Reuters Saudi Arabia’s Oil Minister Khalid al-Falih listens during a news conference after an OPEC meeting in Vienna, Austria, November 30, 2017. De-facto OPEC leader Saudi Arabia is pushing for the 14-member oil cartel to increase crude production by 1 million barrels per day (bpd) this week. …

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Yuan set to weaken more amid US-China trade tensions, policy divergence

studioEAST | Getty Images The Chinese yuan slumped to a five-month low as U.S.-China trade tensions intensified earlier this week. The Chinese yuan softened again on Thursday, giving back of all of its gains made this year, and could be headed for more weakness by year-end. The currency’s move lower …

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Swiss National Bank leaves expansionary policy unchanged

Gianluca Colla | Bloomberg | Getty Images The Swiss National Bank (SNB), Switzerland’s central bank, in Bern, Switzerland, on Wednesday, April 18, 2012. The Swiss National Bank maintained its ultra loose monetary policy on Thursday, citing the “fragile” exchange rate situation. The SNB kept its target range for the three-month …

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What US Korean War veterans think of the Trump-Kim summit

Tim Whitmore Tim Whitmore, who served as a U.S. Air Force medic in Korea in 1954, alongside South Korean Major General Kyoung Soo Shin in May 2016 at the Virginia War Memorial in Richmond, VA. Of General Shin, Whitmore said, “He is a great friend of the KWVA and a …

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