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Joshua Roberts | Bloomberg | Getty Images Larry Kudlow, director of the U.S. National Economic Council, speaks to members of the media outside the White House in Washington, D.C., U.S., on Tuesday, Nov. 13, 2018. Trade negotiations between the U.S. and China will yield immediate results that will come even …
Read More »Monthly Archives: December 2018
Costco downgraded as members-only retailer faces higher sales hurdles
Daniel Acker | Bloomberg | Getty Images A woman shops at a Costco Wholesale Corp. store in East Peoria, Illinois. Tougher sales comparisons and food price deflation at Costco will cut into performance in 2019, according to Citigroup, which downgraded the membership-only retailer to neutral on Monday. Citi analyst Kate …
Read More »To make the bullish case for 2019, Wall Street looks to the mid-1990s
It’s been a hard-fought and often-frustrating year for stocks. A gaudy display of corporate-profit growth, a huge tax cut, an acceleration in the U.S. economy and record share buybacks have been enough to push the S&P 500 only a few percent into the green for 2018 — after two separate …
Read More »These 20 stocks are the biggest winners from the China trade truce
The three-month ceasefire in the trade war should offer a reprieve for United States companies which produce and sell in China. President Donald Trump and Chinese President Xi Jinping struck an agreement on Saturday to pause the trade war for the next 90 days as tariff negotiations continue. Here are …
Read More »GlaxoSmithKline agrees to buy Tesaro for $5.1 billion
Eric Thayer | Bloomberg | Getty Images A scientist mixes chemicals inside the lab at the GlaxoSmithKline Plc facility in Collegeville, Pennsylvania. Tesaro shares surged more than 60 percent in premarket trading Monday after GlaxoSmithKline agreed to buy the cancer treatment company for $75 per share, or about $5.1 billion. …
Read More »Soybean prices jump after China agrees to buy ‘substantial’ US agricultural products in trade truce
Shannon Stapleton | Reuters Farmer Bruce Elder, 56, a farmer for 40 years, fills a seeding container with soybean seeds in Gideon, Missouri. Soybean prices surged Monday on the back of a trade truce between the U.S. and China in which the Chinese agreed to buy more American agricultural products. …
Read More »Nexstar to buy Tribune Media, becoming the largest US TV station operator
Patrick T. Fallon | Bloomberg | Getty Images A live broadcast truck for KTLA Channel 5 TV, owned by Tribune Co, is seen in Los Angeles, California, July 23, 2013. Nexstar Media said on Monday it agreed to buy Tribune Media in a deal valued at $6.4 billion. Nexstar said …
Read More »Treasury yields rise as US and China reach truce on trade
Nicolas Asfouri | AFP | Getty Images U.S. President Donald Trump and China’s President Xi Jinping leave a business leaders event at the Great Hall of the People in Beijing on November 9, 2017. U.S. government debt prices sank on Monday, amid news that President Donald Trump’s administration has reached …
Read More »Patience and localization key to cracking China market, executives say
Dave Zhong | Getty Images for CNBC From left to right: Jay Li, General Manager of Greater China of WWE, Derek Chang, Chief Executive Officer of NBA China, and Richard Young, Managing Director of NFL China at CNBC’s East Tech West conference in the district of Nansha in Guangzhou, China …
Read More »November jobs report could spark a major market sell-off: Invesco
Spencer Platt | Getty Images Traders work on the floor of the New York Stock Exchange (NYSE) on October 10, 2018 in New York City. The issue has hurt the market in the past. Last February, a higher than expected wage growth number panicked Wall Street. It sent the 10-Year …
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