A customer stands at a counter inside a Verizon Wireless retail store in Washington, D.C. Andrew Harrer | Bloomberg | Getty Images Here are the biggest calls on Wall Street on Tuesday: Wedbush added Zynga to the ‘best ideas’ list Wedbush is bullish on Zynga‘s upcoming slate of new releases. “We think that key titles
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Investors should be wary when it comes to trusting China over President Donald Trump, CNBC’s Jim Cramer said Monday. “I’m aghast we trust the People’s Republic of China more than we trust the White House,” Cramer said on “Squawk Box.” “The predominance of coverage this morning is that the President is lying. I’m not willing
Apple CEO Tim Cook visits an Apple store in Shanghai, China. Aly Song | Reuters Apple’s stock is helping lead U.S. stocks higher on Monday, buoyed by the possibility of re-opened trade negotiations with China, but a couple of Wall Street firms say the technology giant is better positioned than some might think even if
Holiday shoppers at a Target store in Culver City, California. Mark Ralston | AFP | Getty Images Despite retailers banking on acceleration in the fourth-quarter from holiday sales, Wells Fargo said fundamental trends have deteriorated. “While the majority of companies appear optimistic on their ability to drive solid growth in [the fourth quarter of 2019],
St. Louis Federal Reserve President James Bullard said Friday the central bank should continue to ease monetary policy because of the recession signal being flashed by the bond market. “The yield curve is inverted here. We’ve got one of the higher rates on the yield curve here. That’s not a good place to be,” Bullard told CNBC’s
James Bullard David Orrell | CNBC This is a breaking news story. Please check back for updates. St. Louis Fed President James Bullard spoke with CNBC’s Steve Liesman on Friday from the Federal Reserve’s economic policy symposium in Jackson Hole, Wyoming. “You take out the insurance, if nothing happens you take it back,” said Bullard.
In this photo illustration, a visual representation of a cryptocurrency sits on display in front of a Facebook logo. Chesnot | Getty Images Some original investors in Facebook’s digital currency project are considering leaving, the Financial Times reported Friday. Two Libra founders told the Financial Times they were worried about the regulatory spotlight that the
Customers try iPhones at the Apple store in Hong Kong, China. Stringer | Anadolu Agency | Getty Images Multinationals that rely on the supply chain from China are tumbling after President Donald Trump ordered them to find alternatives to their Chinese operations. Shares of Apple, Nike and Caterpillar all tanked more than 3.5%, hitting their
International Monetary Fund chief economist Gita Gopinath speaks during a press conference in Washington D.C., on April 9, 2019. Liu Jie | Xinhua News Agency | Getty Images The outlook for the global economy keeps getting bleaker, the chief economist at the International Monetary Fund said Friday. “As the year is progressing, it’s getting harder
Chinese shipping containers are stored beside a US flag after they were unloaded at the Port of Los Angeles in Long Beach, California on May 14, 2019. – Global markets remain on red alert over a trade war between the two superpowers China and the US, that most observers warn could shatter global economic growth,