J.P. Morgan says foreign exchange deposits into Singapore’s banks have ramped up “quite sharply” in recent months. It comes amid growing unrest in Hong Kong which has reportedly driven investors and companies to move their money elsewhere. Singapore has been said to be a direct beneficiary of the unrest in Hong Kong, with some bankers
Finance
Long-time market bull Edward Yardeni is concerned stocks are getting too expensive. If the S&P 500 forward earnings multiple ticks to 19 or 20, the Yardeni Research president warns a it could spark a “nasty correction.” Right now, the index is at 17. The historic norm is 15 to 16. “I just don’t want too
The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of Disney. Karen Finerman was a buyer of Target. Brian Kelly was a buyer of the Gold Miners ETF. Dan Nathan was a buyer of the 20+ Year Treasury Bond ETF. Disclosure Trader disclosure: Brian Kelly is long GLD.
(This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click here.) Investors lately have been heeding that classic bit of advice for writers: “Kill your darlings.” Rather than a writer deleting his most cherished but overwrought passages, investors are ditching some of the
Chinese President Xi Jinping (R) and US President Donald Trump at the Great Hall of the People in Beijing on November 9, 2017. Nicholas Asfouri | AFP | Getty Images (This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click here.) After nearly
Dryden Pence, chief investment officer at Pence Wealth Management. Source: Pence Wealth Management (This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click here.) There are several approaches to investing in capital markets that have yielded strong returns. For Dryden Pence, the backbone
Comcast’s NBCUniversal is considering making an ad-supported version of its Peacock streaming service free for everyone, bucking the trend of charging for streaming products, according to people familiar with the matter. It would be the first free streaming on-demand video service from a major U.S. media provider. Previously, Comcast had planned on making Peacock free
Traders and financial professionals work on the floor of the New York Stock Exchange (NYSE) at the opening bell on August 19, 2019 in New York City. Drew Angerer | Getty Images As November unfolds, stocks should continue to make gains in one of the best months of the year for the market, and it’s
Chipotle restaurant workers fill orders for customers in Miami. Getty Images The stronger-than-expected October jobs report and big revisions to prior months shows that the labor market is resilient and that should encourage the Fed to stay on the sidelines. The economy added 128,000 jobs in October, despite the negative impact of 42,000 striking General
Metal worker Andy Mattingly operates a siphoning crucible in the pot room at Century Aluminum Company in Hawesville, Kentucky, May 14, 2019. Bryan Woolston | Reuters An update on manufacturing activity Friday could provide a much more useful picture of the economy than the October employment report, which is expected to be unusually weak due
A Pinterest banner hangs on the facade of the New York Stock Exchange (NYSE) in New York City, September 22, 2017 Brendan McDermid | Reuters Check out the companies making headlines after the bell: Shares of Pinterest plummeted 20% after the bell following the company’s third-quarter revenue miss, coming in at $279.7 million, which was
A Biogen Idec lab technician Suzanne Kreiter | The Boston Globe | Getty Images Biotechnology stocks are emerging as the standout performers in October. The Biotech ETF (IBB) is up 8% in October, while the S&P 500 is up about 2% in the same month. The IBB is on pace for its best month since
A file photo of a Barclays ATM machines in London last May. Simon Dawson | Bloomberg | Getty Images Companies around the world need to focus on the economics of supply chains amid uncertainties such as the U.S.–China trade dispute and Brexit — the U.K.’s exit from the trade bloc, said the CEO of Barclays
The Lyft logo is shown on the screen at the Nasdaq offices in Times Square on March 29, 2019 in New York. Don Emmert | AFP | Getty Images Check out the companies making headlines after the bell: Lyft shares climbed during extended trading following the company’s raised full-year revenue guidance and posted better-than-expected earnings
Chile said it’s calling off the Asia Pacific Economic Cooperation summit in Santiago in mid-November. President Donald Trump and Chinese leader Xi Jinping were scheduled to meet at the summit to discuss a possible “Phase One” deal that the two countries are close to finalizing. The cancellation was due to protests, according to Chile President
Democratic presidential candidate Sen. Elizabeth Warren (D-MA) speaks during a rally in Washington Square Park on September 16, 2019 in New York City. Bauzen | GC Images | Getty Images An Elizabeth Warren presidency would likely be tough on some sectors, but it might not hit stock markets as hard as feared, a Jefferies strategist
A customer browses the Mattel Barbie dolls section of a now closed Toys ‘R’ Us store. Chris Ratcliffe | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of Mattel spiked more than 12% during extended trading after the company announced that its audit committee completed its independent investigation into
In this photo illustration, packages of Beyond Meat “The Beyond Burger” sit on a table, June 13, 2019 in the Brooklyn borough of New York City. Drew Angerer | Getty Images Check out the companies making headlines in midday trading. GrubHub— Shares of the food delivery company plummeted more than 40% after GrubHub reported disappointing
Employees walk in Luziajui business district of Shanghai, China. Lucas Schifres | Getty Images BEIJING — The Chinese government’s latest efforts to make it easier for foreign businesses to operate locally come as China’s own companies seek to be global players. China pushed ahead this month with long-awaited announcements for removing foreign ownership limits in
Beyond Meat plant-based burger patties. Source: Beyond Meat Check out the companies making headlines after the bell: Shares of Beyond Meat tanked as much as 15% after the bell despite the company’s raised revenue guidance and third-quarter earnings that topped expectations. The alternative plant-based meat company raised its revenue guidance from at least $240 million