Credit Suisse CEO Tidjane Thiam FAFabrice Coffrini | AFP | Getty Images Credit Suisse CEO Tidjane Thiam is bullish on China, and sees opportunities as its economy shifts to a consumer-driven one — making it “less sensitive” to trade. “We have very positive expectations about China long term,” he said at the Credit Suisse China
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As a possible trade deal gets closer, investors are less fearful of a recession and interest rates are in a new trend higher. Bond yields have moved dramatically back and forth since last week’s Fed meeting, but they have moved higher most recently on reports that the U.S. and China are close to a phase
Pedestrians walk past a Shake Shack location in New York. Scott Mlyn | CNBC Check out the companies making headlines after the bell: Shake Shack shares tumbled more than 14% during extended trading after the burger chain reported a third-quarter earnings beat but weaker-than-expected same-store sales. The company posted earnings of 26 cents per share,
China’s President Xi Jinping delivers a speech during the opening of the Boao Forum for Asia (BFA) Annual Conference 2018 in Boao, south China’s Hainan province on April 10, 2018. AFP | Getty Images SHANGHAI — Chinese President Xi Jinping was expected to speak Tuesday at the opening ceremony of the second China International Import
The Under Armour logo is displayed at T & B Sports in San Rafael, California. Getty Images Check out the companies making headlines midday Monday: Under Armour — Under Armour shares cratered more than 15% after the apparel maker disclosed a federal probe into its accounting practices. The investigation has been ongoing since July 2017.
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
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
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