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Monthly Archives: June 2018

No knowledge of Apple iPhone exemption

Bloomberg | Getty Images Peter Navarro, director of the National Trade Council, pauses during an interview outside the White House. White House trade advisor Peter Navarro said Tuesday he has no knowledge of an exemption for Apple’s iPhones in U.S. trade talks with China. On Monday the New York Times …

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Soybean prices drop to nine-year low on US-China trade war fears

J.B. Forbes | St. Louis Post-Dispatch | TNS | Getty Images Truck driver Marion Howard watches soy beans load into his truck on Wednesday, Oct. 11, 2017, at Chris Crosskno’s farm near Denton, Mo. Soybean futures plunged Tuesday to their lowest in more than nine years following renewed concerns about …

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Merkel, Macron agree on euro zone budget

Axel Schmidt | Getty Images German Chancellor Angela Merkel and newly-elected French President Emmanuel Macron attend a press conference at the Chancellery on May 15, 2017 in Berlin, Germany. Chancellor Angela Merkel said she and French President Emmanuel Macron agreed on Tuesday to create a euro zone budget charged with …

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There’s one Dow stock having a great day: Verizon

Verizon was the only member of the Dow Jones Industrial Average trading significantly into the green on Tuesday after Deutsche Bank upgraded the wireless provider, saying the shares were relatively cheap. The stock gained 1.8 percent Tuesday, also boosted by investors betting that its domestic revenues will be shielded from …

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In a trade war with China, US chipmakers could be the biggest casualties

David Paul Morris | Bloomberg | Getty Images Brian Krzanich, chief executive officer of Intel Corp., holds up a 49-qubit superconducting quantum test chip named ‘Tangle Lake’ while speaking during a keynote address at the 2018 Consumer Electronics Show (CES) in Las Vegas, Nevada, U.S., on Monday, Jan. 8, 2018. …

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Dangerous dot-com era phenomenon to hurt investors, Jim Paulsen warns

A new research note warns that too many investors are stuck in a losing trade reminiscent of the dot-com era. The Leuthold Group’s Jim Paulsen is behind the ominous call. “More and more of the leadership stocks have been the more aggressive, high beta stocks and a lot of the …

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Justice officials challenge Trump’s claim that Clinton’s email probe report exonerated him

Kevin Lamarque | Reuters FBI Director Christopher Wray testifies before a Senate Judiciary Committee hearing on “Examining the Inspector General’s First Report on Justice Department and FBI Actions in Advance of the 2016 Presidential Election,” on Capitol Hill in Washington, U.S., June 18, 2018. The top watchdog at the Department …

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ADFG unit offers to buy Abraaj’s investment management arm

Thomas Janisch | Getty Images The Burj Al Arab with the flag of the United Arab Emirates in Dubai, UAE. A unit of Abu Dhabi Financial Group has made a conditional offer to buy private equity firm Abraaj’s investment management business for $50 million, according to a document reviewed by …

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Roche agrees to pay $2.4 billion to buy the rest of Foundation Medicine

Gianluca Colla | Bloomberg | Getty Images The headquarters of Roche AG in Basel, Switzerland. Swiss drugmaker Roche Holding AG has agreed to pay $137 per share to buy the rest of Foundation Medicine (FMI), a $2.4 billion transaction that values the U.S. genomic profiling groupat $5.3 billion, the partners …

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ZTE sinks 23% after Senate passes bill paving way for US sanctions

Johannes Eisele | AFP | Getty Images A logo of Chinese telecommunications company ZTE is seen on an office building in Shanghai, China, on May 3, 2018. Shares of ZTE sank during Tuesday morning trade after the U.S. Senate passed a defense bill that had major implications for an agreement …

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