Finance

Zhang Peng | LightRocket | Getty Images TESCO Soybean products sold in a Chinese supermarket, April 5, 2018. If the U.S. goes through with an additional $100 billion in tariffs, China will not hesitate to fight back and is already prepared to, the Ministry of Commerce said. “We will immediately …

AFP | Getty Images Officials of the Financial Services Agency enter Coincheck’s headquarters to conduct a search, in Tokyo’s Shibuya district on February 2, 2018. Japanese authorities on February 2 raided virtual currency exchange Coincheck, a week after the Tokyo-based firm lost 530 million USD in cryptocurrency to hackers. Japanese …

Christopher Goodney | Bloomberg | Getty Images Christopher Ailman, chief investment officer of the California State Teachers Retirement System Christopher Ailman, the chief investment officer of the California State Teachers’ Retirement System (CalSTRS), said Wednesday he deleted his Facebook account because of the company’s management. In a tweet, he said: …

David Paul Morris | Bloomberg | Getty Images The silhouette of a pedestrian holding a mobile device is seen walking past a Citigroup bank branch in San Francisco. Shares of Citigroup and Wells Fargo rose Thursday after an analyst at UBS upgraded both stocks to buy. Citigroup’s stock was up …

Barclays upgraded Merck to overweight from equal weight on better opportunities versus its competition, while downgrading Pfizer to equal weight from overweight given the less likely chance of a “transformative” acquisition. Analyst Geoff Meacham and his team also raised their price target on Merck by $2 to $64, a more …

Jaap Arriens | NurPhoto | Getty Images Mark Zuckerberg, CEO of Facebook. Check out the companies making headlines after the bell: Shares of Facebook gained nearly 3 percent post-market. The social media company announced a slew of new privacy measures on Wednesday afternoon that restrict third-party access to personal user …

Prices for big-screen televisions and some household appliances could go up significantly if the Trump administration’s proposed tariffs on Chinese imports are enacted. “On a $4,000 TV … the tariffs might have a several-hundred-dollar price impact,” said David French, senior vice president for government relations at the National Retail Federation, …

Matthew Busch | Bloomberg | Getty Images Tom Reilly, chief executive officer of Cloudera. Check out the companies making headlines after the bell: Cloudera stock plummeted 25 percent post-market after the cloud computing company released its earnings report. Fourth-quarter revenues and earnings beat Wall Street estimates, but guidance for the …

Tax changes at Amazon would have “limited impact” on the e-commerce company’s profits despite a steady barrage of negative tweets from President Donald Trump, Piper Jaffray told clients Tuesday. Though revisions to the company’s tax policy remain unlikely, analyst Michael Olson told clients that even if the president were to …

A fresh poll suggests Wall Street optimism is very much alive — even as the S&P 500 and the Nasdaq fall into correction territory for the second time this year. DataTrek Research’s Nick Colas just finished a special market survey for the week ending March 31. It asked finance professionals …