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But the desire to look outside China doesn’t mean leaving the country altogether. Rather than investing more in a Chinese factory, a foreign company may invest more in another country, such as Vietnam, Nick Marro, a Hong Kong-based analyst with The Economist Intelligence Unit, said in a phone interview Friday. …
Read More »Bitcoin skids to a 13-month low, nearing $5,000
The world’s largest cryptocurrency dropped to its lowest level in more than a year on Monday. Bitcoin hit a low of $5,165.24, bringing its losses to more than 18 percent in the past seven days and more than 62 percent this year, according to data from CoinDesk. The digital currency …
Read More »Stocks making the biggest moves after hours: Nvidia, Sonos and more
Tyrone Siu | Reuters Nvidia co-founder and CEO Jensen Huang attends an event during the annual Computex computer exhibition in Taipei, Taiwan May 30, 2017. Check out the companies making headlines after the bell: Nvidia shares plummeted as much as 16 percent during after-hours trading Thursday after the company missed …
Read More »Here are Warren Buffett’s 10 biggest holdings now, half are banks
Warren Buffett’s Berkshire Hathaway reported its third-quarter holdings on Wednesday, revealing a new $4 billion stake in J.P. Morgan Chase. The latest addition to the “Oracle of Omaha” portfolio emphasizes Berkshire Hathaway’s growing confidence in the U.S. banking system, with half of the firm’s top positions in some of the …
Read More »Alan Greenspan says he is seeing ‘the first signs’ of inflation
Andrew Harrer | Bloomberg | Getty Images Alan Greenspan, former Federal Reserve chairman and president and founder of Greenspan Associates. Former Federal Reserve Chairman Alan Greenspan said Wednesday he is “beginning to see the first signs” of inflation in the U.S. economy, speaking in an interview with Bloomberg Television . …
Read More »PG&E plunges 20% after disclosing an ‘electric incident’ just before fire
Justin Sullivan | Getty Images Firefighters try to contain a fire so it doesn’t spread to a neighboring building as the Camp Fire moves through the area on November 8, 2018 in Paradise, California. Shares of utility PG&E fell 20 percent on Wednesday after the company said that if its …
Read More »Treasury yields slightly lower ahead of Fed speeches, inflation data
Drew Angerer | Getty Images Traders and financial professionals work on the floor of the New York Stock Exchange (NYSE) at the opening bell, October 25, 2018 in New York City. At last week’s Fed meeting, the bank left rates unchanged as expected, but said it sees “further gradual increases” …
Read More »If Trump and Democrats get serious about an infrastructure bill, these stocks should benefit
Timothy D. Easley | AP In this July 25, 2018, photo a truck driver chains down a roll of steel to his flatbed at the NUCOR Steel Gallatin plant in Ghent, Ky. Investors should buy materials companies like Nucor and Vulcan Materials if U.S. lawmakers move forward with any infrastructure …
Read More »Treasury yields lower amid US-China trade optimism
Drew Angerer | Getty Images Traders and financial professionals work on the floor of the New York Stock Exchange (NYSE) at the opening bell, October 25, 2018 in New York City. In election news, Trump on Monday urged Florida election officials to end a recount of last week’s midterm vote …
Read More »Worries about iPhone demand hit shares of Apple suppliers in Asia
Source: Apple Philip W. Schiller, Senior Vice President, Worldwide Marketing of Apple, speaks about the the new Apple iPhone XR at an Apple Inc product launch event at the Steve Jobs Theater in Cupertino, California, September 12, 2018. Shares of some major Apple suppliers fell in Asian trading Tuesday — …
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