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Monthly Archives: May 2018

Gold jumps after Trump cancels North Korea summit

President Donald Trump’s decision to cancel the Singapore summit with North Korea leader Kim Jong Un is moving financial markets, spurring a big move in the gold market. Source: FactSet Gold futures were trading up more than 1 percent Thursday after the news, above $1,305 an ounce. Investors often seek …

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Self-driving SUV saw pedestrian, didn’t brake: feds

Jeff Swensen | Getty Images An Uber driverless Ford Fusion drives down Smallman Street on September, 22, 2016 in Pittsburgh, Pennsylvania. Federal investigators say the autonomous Uber SUV that struck and killed an Arizona pedestrian in March spotted the woman about six seconds before hitting her, but didn’t stop because …

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South Korean stocks ETF tumbles after Trump cancels meeting with North Korea’s Kim Jong Un

Jung Yeon-Je | AFP | Getty Images A man watches a television news showing North Korean leader Kim Jong Un (R) and US President Donald Trump (L), at a railway station in Seoul on May 24, 2018. An exchange-traded fund tracking South Korean stocks dropped more than 1.5 percent Thursday …

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GE doesn’t plan to cut dividend again, sources say

General Electric does not have plans to cut its dividend in 2019, people familiar with the situation told CNBC’s David Faber on Thursday. CEO John Flannery told analysts at a industry conference in Florida on Wednesday that GE will “have to see how” the company’s turnaround plan “play outs” before …

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Deere upgraded by UBS, sees higher grain prices boosting tractor sales

U.S. tractor maker Deere & Co. is set for upside as rising grain prices spur a cycle of equipment replacement across the globe, according to UBS. Analyst Steven Fisher, who upgraded the stock to buy from neutral, also told clients that a potential dividend increase and a strong earnings performance …

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Buy Apple shares on ‘emerging power’ of its services

Getty Images Customers check the new iPhone X upon its U.K release in the Apple store, on November 3, 2017 in London, England. The vast majority of Apple’s future revenue growth will be generated by its services, according to Morgan Stanley. The firm reiterated its overweight rating for Apple shares, …

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Mugabe misses diamond loss parliament hearing

Jekesai Njikizana | AFP | Getty Images A private security employee guards a diamond processing plant in Zimbabwe’s eastern Marange region on December 14, 2011. Former Zimbabwean President Robert Mugabe failed to attend a parliamentary hearing on Wednesday that is investigating his claim that $15 billion of the country’s diamond …

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Cramer’s charts suggest investors buy Akamai and sell Walmart

In an emotional market where investors struggle to process the White House newsflow, CNBC’s Jim Cramer likes to fall back on the technicals to find actionable opportunities. “In the stock market, emotional decisions tend to be bad decisions,” the “Mad Money” host warned. “So we need to do everything we …

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Google is taking legal action against local business scammers

Stephen Lam | Reuters Google CEO Sundar Pichai speaks on stage during the annual Google I/O developers conference in Mountain View, California, May 8, 2018. Google is taking legal action against scammers that target small business owners. The company said in a blog post on Wednesday that it’s going after …

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Some Obamacare premiums to jump 15% in 2019, estimate of uninsured in 2027 rises by 5 million: CBO

Andrew Harrer | Bloomberg | Getty Images A medical doctor examines a patient with a stethoscope at a CCI Health and Wellness Services health center in Gaithersburg, Maryland. The price of closely watched Obamacare plans will rise 15 percent next year, the Congressional Budget Office said Wednesday in a new …

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