Scott Minerd, Guggenheim Partners Scott Mlyn | CNBC Guggenheim’s Scott Minerd said the sharp decline in the benchmark 10-year yield could continue to the 1.4% level before correcting. The 10-year yield, which influences mortgages and other loans, has plunged in the past week, from 2.07 before the Fed’s rate cut a week ago, to as
Finance
SoftBank Group Corp. Chairman and Chief Executive Officer Masayoshi Son speaks during a press conference on May 10, 2017 in Tokyo, Japan. Tomohiro Ohsumi | Getty Images SoftBank said profits from its $100 billion Vision Fund experienced a big jump in the fiscal first quarter, bolstered by bets on tech companies from Slack to DoorDash.
CEO of the Walt Disney Company, Bob Iger. Michael Kovac | Getty Images Check out the companies making headlines after the bell: Shares of Walt Disney fell more than 4% in after-hours trading after the entertainment giant’s third-quarter earnings missed Wall Street’s estimates. Disney reported adjusted earnings of $1.35 per share on revenue of $20.25
A Chinese bank staff member counting stacks of 100-yuan notes at a bank in Huaibei, China. AFP | Getty Images Following Monday’s market meltdown traders will take their cues from the Chinese central bank and where it sets the midpoint for the country’s currency, the yuan, as trade tensions between China and the U.S. increase.
Jim Cramer Scott Mlyn | CNBC Stocks were battered Monday as a wave of trade headlines added to investors’ fears. Still, CNBC’s Jim Cramer urged investors Monday to keep the tension in perspective. “I urge people to just think about it before they sell everything,” Cramer said Monday evening during CNBC’s “Markets in Turmoil” special.
The Trump administration took the trade war up another notch, calling China a currency manipulator and ratcheting up expectations that the White House has other moves it could make to retaliate against China. Last used in the 1990s, the designation was announced by the U.S. Treasury Monday after U.S. markets closed out a turbulent session.
NEW YORK, NY – OCTOBER 26: Traders and financial professionals work ahead of the closing bell on the floor on the New York Stock Exchange (NYSE), October 26, 2018 in New York City. Drew Angerer | Getty Images News | Getty Images Check out the companies making headlines midday Monday: Tyson Foods — The food
John Flint, chief executive officer of HSBC Holdings, at the World Economic Forum (WEF) in Davos, Switzerland on Jan. 24, 2019. Jason Alden | Bloomberg | Getty Images Shares of HSBC, Europe’s largest bank by assets, fell more than 1% in Hong Kong on Monday, after the surprise announcement of Chief Executive Officer John Flint’s
July’s overall payrolls grew at a healthy pace, in line with expectations, and several industries showed particularly strong growth in hiring including education, health care, professional and business service. The Labor Department reported Friday that payrolls increased 164,000 during the month, just 1,000 below the 165,000 Dow Jones forecast. The government said wages also continued
Wages picked up and hiring continued strong in July but at a much slower pace than last year, reflecting an economy heading toward full employment but still with workers looking to move into the labor force. The economy added 164,000 nonfarm payrolls in July, just as expected, but revisions reduced job growth in May and