Check out the companies making headlines in midday trading: Johnson & Johnson — Shares of the pharmaceutical and consumer goods company fell 4% after Bloomberg News reported that the U.S. Justice Department is launching a criminal investigation into whether or not the company lied to the public about potential cancer risks in its talcum baby
Finance
Geoffrey Berman, United States Attorney for the Southern District of New York, points to a photograph of Jeffrey Epstein as he announces the financier’s charges of sex trafficking of minors and conspiracy to commit sex trafficking of minors, in New York, U.S., July 8, 2019. Shannon Stapleton | Reuters Wealthy financier and accused child sex
The “Fast Money ” traders shared their first moves for the market open. Pete Najarian was a buyer of Delta Air Lines. Tim Seymour was a buyer of Alphabet. Karen Finerman was a buyer of JPMorgan. Dan Nathan was a buyer of UnitedHealth. Guy Adami was a buyer of Square. Disclosure Trader disclosure: Pete is long
The U.S. flag flies at a welcoming ceremony between Chinese President Xi Jinping and U.S. President Donald Trump in 2017. Getty Images News | Getty Images A Koch Industries executive was prevented from leaving the immediate vicinity of his hotel in southern China in early June, The New York Times reported Thursday, citing three sources.
[embedded content] [The stream is slated to start at 1:30 p.m., ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Vice Chair for Supervision Randal Quarles speaks at the Bipartisan Policy Center in Washington, D.C. on Thursday. Quarles’ remarks come after Fed Chair Jerome Powell testified
Snapchat co-founders Bobby Murphy and Evan Spiegel at the New York Stock Exchange (NYSE), March 2, 2017 in New York City. Drew Angerer | Getty Images Check out the companies making headlines in midday trading: Fastenal— Shares of Fastenal fell more than 4% after the industrial supplies company posted disappointing quarterly results, mainly attributed to
The Fed rate cut craze is overblown, according to the man known as the “dean of valuation.” As investors watch every move made by the U.S. central bank, with traders seeing a 100% probability of a July interest rate reduction, they’re losing sight of what really matters for markets, said Aswath Damodaran, finance professor at New
[embedded content] [The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell resumed his two-day semiannual testimony on monetary policy to the Senate Banking Committee on Thursday. In the first day of hearing in front
Traders work the floor of the NYSE. Brendan McDermid | Reuters Another day, another market milestone. The Dow Jones Industrial Average surged above 27,000 for the first time ever on Thursday, just a day after the S&P 500 topped 3,000. Here’s a look at the stocks that drove the last 1,000 points. It took the
James von Moltke, chief financial officer of Deutsche Bank AG, speaks during a fourth quarter results news conference in Frankfurt, Germany, on Friday, Feb. 2, 2018. Andreas Arnold | Bloomberg | Getty Images Deutsche Bank may have gone through a number of strategy overhauls in recent years, but its chief financial officer (CFO) told CNBC