Nathalie Salman | Getty Images Goldman Sachs strategists expect a “baby bear” market in bonds next year, with a mild move higher in interest rates due to a better economy, subdued global inflation and the lack of central bank policy easing. In a sweeping outlook for 2020, the firm’s strategists say they do not expect
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CHICAGO – NOVEMBER 21: Nordstrom signage is visible at its store November 21, 2003 in Chicago. Nordstrom, Inc. reported net earnings of $45.5 million, or $0.33 per diluted share, for the third quarter of 2003, which ended November 1, 2003. For the same period last year, net earnings and earnings per diluted share were $18.4
(This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click here.) This month has become a sideways “slowvember” slide in recent weeks, with stocks remarkably steady near record highs, as investors are again left to wonder if the tape is resting or rolling
Shoppers pack an aisle during a Black Friday sale at a Target store, Friday, Nov. 23, 2018, in Newport, Ky. John Minchillo | AP (This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, .) As customers gear up for the biggest shopping days
US President Donald Trump shows a letter from Chinese President Xi Jinping as he announces an initial trade deal with China at the Oval Office of the White House in Washington, DC on October 11, 2019. Nicholas Kamm | AFP | Getty Images Here are the most important things to know about Monday before you
Santa Claus waves to the crowd during the Macy’s Thanksgiving Day Parade in New York City. Getty Images It’s Thanksgiving time, and investors’ thoughts turn to holiday shopping and a year end Santa rally in the stock market. Some analysts think both could be pretty good this year. While Black Friday has probably lost some
Ray Dalio at the 2018 WEF in Davos, Switzerland on Jan. 23rd, 2018. Adam Galica | CNBC The largest hedge fund in the world has reportedly staked more than $1 billion that global equity markets will fall over the next three months. The wager placed by Bridgewater Associates would pay off for the firm if
Fosun International still sees growth in China and is “confident in the Chinese market,” Thomas Xue, CFO of the Chinese conglomerate, told CNBC’s Sri Jegarajah on Thursday. “China is slowing down a little bit, but (it is) still one of the fastest growth economy,” Xue said, reiterating his confidence in the Chinese market. “The population
Janet Yellen Scott Mlyn | CNBC NEW YORK — Pronounced wealth inequality that has built up for decades poses a major threat to a U.S. economy that is in otherwise “excellent” shape, former Federal Reserve Chair Janet Yellen said Thursday. The central bank leader from 2014-18 also said the U.S.-China tariff war is having a
Louis Bacon, founder and CEO of Moore Capital Management Amanda Gordon | Bloomberg | Getty Images Longtime trader and hedge fund manager Louis Bacon is reportedly planning to shutter his firm and return capital to investors after 30 years of investment. The impending end of Moore Capital will mark one of the industry’s most prominent
Large crowds gather to hear Arielle Zuckerberg, partner at Kleiner Perkins, speak onstage during the Slush start-ups event in Helsinki, Finland, on Nov. 30, 2016. Tomi Setala | Bloomberg via Getty Images European start-ups have raised a record amount of funding so far this year, with $34.3 billion of venture capital flowing into the continent’s
Dow Jones Industrial Average drops 112 points The Dow slid 112.93 points, or 0.40% to 27,821.09. The S&P 500 pulled back 0.38% to close at 3,108.46. The Nasdaq Composite dropped 0.51% to 8,526.73. Uncertainty around U.S.-China trade talks grew throughout the session to pause the market’s run to record highs. No trade deal in 2019?
Check out the companies making headlines before the bell Wednesday: Target — Target shares were set to open at record highs after the retailer’s quarterly results crushed estimates. The company reported earnings per share of $1.36 on revenue of $18.67 billion. Analysts polled by Refinitiv expected a profit of $1.19 per share on revenue of
The Alibaba Group Holdings Ltd. headquarters stand illuminated at night ahead of the annual November 11 Singles’ Day online shopping event in Hangzhou, China, on Sunday, Nov. 10, 2019. Qilai Shen | Bloomberg | Getty Images Alibaba has set a likely price for shares for institutional investors in its upcoming Hong Kong listing, a source with
Dow Jones Industrial Average falls 102 points The Dow dropped 102.20 points, or 0.36% to close at 27,934.02. The S&P 500 fell 0.06% to end at 3,120.18. The Nasdaq Composite advanced 0.24% to 8,570.66. The major averages hit new records but losses from Home Depot and Boeing pushed the Dow off those levels. Home Depot
The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of Lowe’s. Chris Verrone was a buyer of Facebook. Steve Grasso was a buyer of Bausch Health. Guy Adami was a buyer of Snap. Disclosure Trader disclosure: Tim Seymour is long AMZN, AAPL, ACBFF, ACRGF, ALEF, ALPHA, AMZA, ACB,
Intelsat 35e Source: Intelsat Check out the companies making headlines after the bell: Shares of Intelsat SA slid nearly 2% during extended trading after the Federal Communications Commission announced it will publicly auction off a portion of its C-band spectrum wavelength in place of 5G wireless networks. Intelsat, along with three other satellite operators, provides
Interest rates are on hold for now — Federal Reserve officials have indicated as much and the market believes it — but the state of affairs could be fleeting amid an ever-changing set of economic conditions. Pretty much everyone is convinced the Fed is finished for 2019, a year in which it cut its benchmark
Traders work at the New York Stock Exchange. Xinhua News Agency | Getty Images The record-breaking rally has brought the S&P 500‘s return this year to nearly 25%, and if the gains hold up for the rest of the year, the market could have more room to run in 2020 if history is any guide.
A Chinese bank employee counts 100-yuan notes and U.S. dollar bills at a bank counter in Nantong in China’s eastern Jiangsu province on August 6, 2019. STR | AFP | Getty Images China is heavily exposed to the U.S. dollar, but now, with the risk of “decoupling,” Beijing is silently diversifying its reserves to reduce