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Monthly Archives: September 2019

What US-China trade war means for imports, exports and soybeans

The flags of the U.S. and China. Holger Gogolin | iStock | Getty Images The U.S. and China are entangled in a trade war, and that’s hurting business and economic activity worldwide. One year on, a resolution is still nowhere in sight. In a poll conducted by Reuters, around 80% …

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Microsoft, Apple may soon lead Wall Street to new heights

The largest companies on Wall Street could be in position to lead the stock market to new heights, CNBC’s Jim Cramer said Tuesday. Citing technical analysis from stock analyst Dan Fitzpatrick, the “Mad Money” host said Microsoft and Apple can provide some much-needed long-term influence on the S&P 500 and …

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Jeffrey Gundlach says interest rates have bottomed for 2019

Jeffrey Gundlach speaking at the 2019 SOHN Conference in New York on May 6th, 2019. Adam Jeffery | CNBC DoubleLine CEO Jeffrey Gundlach believes the bottom for interest rates is in for 2019. Growing fears about a possible global economic slowdown prompted Treasury yields to hit their historic lows a …

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Oil is heading lower for 3 reasons, says longtime trader

The crude crush continues. Oil prices reversed on Tuesday to fall nearly 6% after surging over the weekend and on Monday, a monster move that followed a set of coordinated attacks on Saudi Arabia’s oil supply. The pivot came after the Saudi energy minister said the kingdom would have its …

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NBCUniversal Introduces Peacock, Its New Streaming Service

LOS ANGELES — Who needs a “Plus” or a “Max” when you can use the plumage of a colorful bird? Such is the thinking at NBCUniversal, which announced on Tuesday that its new streaming service would be named Peacock. “For us, it’s the perfect nod to the legacy without being …

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Amazon Music HD promises high-quality music; difference hard to hear

A child listening to music on headphones. KidStock | Blend Images | Getty Images Amazon on Tuesday introduced CD-quality 24-bit “Ultra HD” music to Amazon Music. It’s $12.99 a month if you pay for Amazon Prime, or $14.99 a month if you don’t. In theory, it should sound better than …

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Fed rate cut is coming, but market insiders doubt it’s necessary

Federal Reserve Board Chairman Jerome Powell reacts after the two-day meeting of the Federal Open Market Committee on interest-rate policy on June 13, 2018, when it raised its benchmark rate to 1.75% to 2%. If the Fed cuts this week, the rate will return to that level. Yuri Gripas | …

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More and More Children Are Feeling Anxious. This Graphic Novelist Is Trying to Help.

What drove me to share Telgemeier’s latest book, GUTS (Scholastic, 224 pp., $24.99; ages 8 and up), with my therapist was not her rendering of the social ecology of fourth grade — though her skill at that puts her in the rarefied company of writers like Judy Blume and Beverly …

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Energy stocks ease back, but chart points to more gains ahead

Energy stocks are falling back after their massive rally to begin the week. The XLE energy ETF is down more than 1% on Tuesday after racing 8% higher for the month. The sector saw a massive surge on Monday after crude oil popped following an attack on a Saudi Arabian …

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Guggenheim downgrades Home Depot on concerns about margin expansion

An employee wears an orange Home Depot Inc. apron at a store in New York. Mark Kauzlarich | Bloomberg | Getty Images Home Depot’s massive investment plan could prevent margin expansion, according to Guggenheim. The firm downgraded the home improvement retailer’s stock to neutral and removed its $230 price target. …

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