Nike sneakers on display Mike Pont | Bloomberg | Getty Images Check out the companies making headlines in midday trading. U.S. Steel — U.S. Steel shares dropped 8.1% after the company cut its dividend and issued fourth-quarter earnings guidance that was well below analyst expectations. The company expects it will lose $1.15 per share in the
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Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters The S&P 500 just crossed 3,200 for the first time ever, hitting its seventh round-number milestone of 2019, a year that has a good chance at being one for the record books. With less than two weeks left in 2019,
Integrated circuits on a circuit board. The semiconductor industry has been in focus during the U.S.-China trade war. filonmar | E+ | Getty Images When top-rated analyst Stacy Rasgon initiated his coverage on semiconductors in June 2009, little did he know a sea change was on the horizon. “I launched right at the bottom with
Fans celebrate after making bets through FanDuel Sportsbook during Super Bowl LIII in East Rutherford, New Jersey, on Feb. 3, 2019. Eduardo Munoz | Reuters (This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click here.) States are increasingly pushing for the legalization
A man dressed as Santa Claus walks the floor of the New York Stock Exchange. Shannon Stapleton | Reuters The so-called Santa Claus rally is around the corner, a short boost in stocks that investors have enjoyed for decades. The stock market tends to have unusually strong performance during the final five trading days of
Chinese President Xi Jinping Aris Messinis | Pool | Reuters Chinese leader Xi Jinping said on Friday the “phase one” trade deal is beneficial to both China and the U.S., according to state-run media agency Xinhua. “The first-phase economic and trade agreement reached between the U.S. and China is a good thing for the U.S.,
A holiday shopper enters the New York City Subway following Black Friday shopping, November 29, 2019. Brendan McDermid | Reuters Consumer sentiment rose slightly in December as President Donald Trump’s impeachment did not dent economic expectations, the University of Michigan’s Surveys of Consumers said Friday. The index of consumer sentiment reached 99.3 for the month.
A Bank of America customer uses a bank card Kelsey Kaspar | Bloomberg | Getty Images A glitch at the Federal Reserve on Thursday delayed direct deposits and other financial transactions at banks across the U.S. A statement from Federal Reserve Bank Services said its automated clearing house (ACH) network began “experiencing a disruption on December
U.S. Democratic presidential candidate and former U.S. Vice President Joe Biden. Steve Marcus | Reuters Joe Biden’s fundraising network is about to get a big boost just in time for 2020. Marc Lasry and Blair Effron, two of the most influential and prolific Wall Street Democratic fundraisers, are lining up behind the former vice president
US President Donald Trump speaks on the United StatesMexicoCanada Agreement (USMCA) trade agreement at Derco Aerospace Inc. plant in Milwaukee, Wisconsin on July 12, 2019. Mandel Ngan | AFP | Getty Images President Donald Trump was impeached Wednesday night by the House of Representatives, yet stocks are headed higher on Thursday, continuing a rally that’s