Long-time market bull Edward Yardeni is downplaying recession jitters. The Yardeni Research president suggests investors who fear an economic downturn will miss out on a fresh run to record highs. “The outlook for the economy remains positive,” he told CNBC’s “Trading Nation ” on Friday. “That should keep the stock market moving higher.” Yardeni, who
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Dara Khosrowshahi, chief executive officer of Uber Technologies Inc., speaks on a webcast during the company’s initial public offering (IPO) on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Friday, May 10, 2019. Michael Nagle | Bloomberg | Getty Images Uber CEO Dara Khosrowshahi has no regrets about taking
Traders work the floor of the Dow Jones at the closing bell of the New York Stock Exchange. Bryan R. Smith | AFP | Getty Images Check out the companies making headlines midday on Friday: Uber Technologies — Shares of the transportation and food ordering service company fell 7.8% after reporting a huge loss during
After a whipsawing week, stocks could continue to trade with volatile swings as investors assess new information on trade and the strength of the economy. There are just a few earnings in the week ahead with Walmart, Cisco Systems, Nvidia and Deere reporting as the second quarter earnings season winds down. There are, however, some pretty
Chinese President Xi Jinping stands by national flags. Johannes Eisele | AFP | Getty Images The International Monetary Fund is urging the world’s two largest economies to resolve the escalating trade war quickly and fairly. In a new report published Friday by the executive board at the IMF, directors recommended a “comprehensive” agreement on trade
President Donald Trump speaks to members of the media before boarding Marine One on the South Lawn of the White House in Washington, D.C., U.S., on Wednesday, Aug. 7, 2019. Sarah Silbiger | Bloomberg | Getty Images The U.S. is putting its decision to relieve Huawei on hold after China suspended its purchase of U.S.
A man checks his smartphone while standing among illuminated screens bearing the Uber logo. Chris Ratcliffe | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of Uber plummeted 12% before settling 4% below its closing price in after-hours trading following the transportation and food ordering service company’s disappointing second-quarter
Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters For investors fearful of more trade-war bombshells, the worst is over and it’s go time, according to J.P. Morgan. That’s the joint view of Marko Kolanovic, the bank’s quant guru who’s been dissecting the market’s every twist and turn, and
In this photo illustration a Robinhood Markets logo seen displayed on a smartphone. Rafael Henrique | SOPA Images | LightRocket via Getty Images Robinhood is set to bring its popular zero-fee stock trading app to Britain. The company announced Thursday that its international subsidiary had been granted broker authorization from the Financial Conduct Authority, the
Lyft President John Zimmer and CEO Logan Green applaud as Lyft lists on the Nasdaq at an IPO event in Los Angeles March 29, 2019. Mike Blake | Reuters Check out the companies making headlines after the bell: Shares of Lyft rose as much as 13% in after-hours trading after the ridesharing platform reported better-than-expected