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Shares of Goldman Sachs fell nearly 2 percent in the premarket Friday after an analyst at Bank of America Merrill Lynch said the stock’s gains could be capped as a scandal related to the Malaysian government investment fund festers. Bank of America Merrill Lynch analyst Michael Carrier downgraded Goldman to …
Read More »Monthly Archives: November 2018
OPEC meeting ‘toughest test yet’ for Saudi-Russia alliance
Omar Marques | Anadolu Agency | Getty Images Secretary General of OPEC, Mohammed Barkindo (R), Russia Energy Minister Alexander Novak (L), Saudi Arabia’s Minister of Energy, Industry and Mineral Resources, Khalid Al-Falih (C) hold a joint press conference during the 173rd Ordinary Meeting of the Organisation of Petroleum Exporting Countries …
Read More »Nio, China rival to Tesla, says its US head to step down
VCG | Getty Images The Nio EP9 self-driving concept electric vehicle (EV) is displayed during the media day of 17th Shanghai International Automobile Industry Exhibition on April 19, 2017 in Shanghai, China. The U.S. head of Nio, an electric carmaker seen as one of the main Chinese rivals to Tesla, …
Read More »Fed minutes, G-20 summit and US-China trade in focus
Saul Loeb | AFP | Getty Images Jerome Powell listens as US President Donald Trump announces Powell as nominee for Chairman of the Federal Reserve in the Rose Garden of the White House in Washington, DC, November 2, 2017. In other Fed-related news, New York Fed President John Williams will …
Read More »Wells Fargo on Trump-Xi meeting at the G-20
Qilai Shen | Bloomberg | Getty Images President Donald Trump, left, and Xi Jinping, China’s president, shake hands during a news conference at the Great Hall of the People in Beijing, China, on Thursday, Nov. 9, 2017. Expect a deal between U.S. President Donald Trump and his Chinese counterpart Xi …
Read More »Smart hotels in China will have robots, not bellboys, for future travelers
Dave Zhong | Getty Images Jane Sun, CEO of CTrip, speaks during Fireside Chat on Day 3 of CNBC East Tech West at LN Garden Hotel Nansha Guangzhou. Smart hotels in China will use robots to carry luggage, install facial recognition for easier check-ins, and use smart keys on phones …
Read More »Stocks making the biggest moves after hours: GameStop, PVH and more
Patrick T. Fallon | Bloomberg | Getty Images Signage is displayed as a customer browses at a GameStop Corp. store in West Hollywood, California. Check out the companies making headlines after the bell: GameStop shares plummeted 12 percent during after-hours trading Thursday as the company came in light on its …
Read More »Workday Q3 2019 earnings
Adam Galica | CNBC Aneel Bhusri, co-founder and CEO of Workday, at the 2018 WEF in Davos, Switzerland. Workday surged as much as 10 percent in extended trading on Thursday after the provider of cloud-based human resources software reported quarterly results that topped analysts’ estimates. Here are the key numbers: …
Read More »It’s now up to President Trump to rescue the stock market from ending 2018 in the red
If the stock market is going to end the year with gains, it could all come down to this weekend and the meeting between President Donald Trump and China President Xi Jinping. Stocks have been whipped by headlines on trade, and on Thursday alone the market was encouraged by comments …
Read More »TD Ameritrade sees more people trading on their phones
David Paul Morris | Bloomberg | Getty Images A pedestrian passes in front of a TD Ameritrade Holding Corp. location in San Francisco, California. Mobile trading is becoming more common among TD Ameritrade clients. Through the end of October, about 25 percent of trades placed this year by TD Ameritrade …
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