Employees work on the production line of solar panel at Risen Energy Co., Ltd on February 21, 2019 in Ningbo, Zhejiang Province of China. Zhejiang Daily | Visual China Group | Getty Images President Trump rattled Wall Street when he demanded U.S. firms move production out of China. But many have already taken steps to
Finance
Check out the companies making headlines before the bell: Campbell Soup – Campbell Soup reported adjusted quarterly profit of 49 cents per share, 8 cents above estimates, with organic sales up 2%. Revenue did come in below Wall Street forecasts, but Campbell said it has built a solid foundation on which to improve its results
The “Fast Money ” traders shared their first moves for the market open. Steve Grasso was a buyer of Trinseo. Savita Subramanian was a buyer of the Financial sector. Dan Nathan was a buyer of Microsoft. Guy Adami was a buyer of CBS. Disclosure Trader disclosure: Steve Grasso is long stock AAPL, BHC, CAR, EVGN, GE,
President Donald Trump meets business leaders at the Great Hall of the People in Beijing, China, in November, 2017. Jonathan Ernst | Reuters Barring an unlikely agreement or a presidential tweet, it will soon be 15% more expensive for U.S. companies to import everything from milk to diapers to sports equipment from China. Tariffs on
Trader Peter Tuchman works on the floor of the New York Stock Exchange, (NYSE) as the Dow Jones Industrial Average crosses 24,000, in New York, U.S., November 30, 2017. Brendan McDermid | Reuters Check out the companies making headlines midday Friday: Campbell Soup — Shares of Campbell Soup soared more than 8% on Friday after
Stock market investors may be glad to see August go, but September might not be any better, unless there are some positive developments in the trade war. Markets enter September, anticipating a Federal Reserve rate cut mid-month and worrying the chilling in the global economy will reach the U.S. There appears to be no progress
Traders work on the floor of the New York Stock Exchange on August 14, 2019 Spencer Platt | Getty Images Stock pickers are heavily invested in bank stocks, and it hasn’t been working out well for them. Mutual funds are most overweight in financials across all sectors, according to a Goldman Sachs analysis of 597
Former New York Fed President Bill Dudley‘s push for the central bank to consider the 2020 election when crafting monetary policy is “grossly irresponsible” behavior, economist Larry Summers told CNBC on Thursday. Dudley, in a Wednesday post on Bloomberg, suggested the Federal Reserve could, and should, try to sway the election against President Donald Trump.
Pedestrians pass in front of an Ulta Beauty store in New York. Gabby Jones | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of Ulta nosedived 21% after the company lowered its guidance and missed earnings estimates. The beauty company lowered its revenue growth guidance to 9%-12%, compared to
President Donald Trump speaks during the G7 summit in Biarritz, France, August 26, 2019. Carlos Barria | Reuters President Donald Trump said the U.S. and China are set to have trade talks on Thursday “at a different level.” “There’s a talk scheduled for today at a different level,” Trump said in an interview with Fox