President Donald Trump meets with China’s President Xi Jinping at the start of their bilateral meeting at the G20 leaders summit in Osaka, Japan, June 29, 2019. Kevin Lemarque | Reuters The U.S.-China trade war is going to have a larger impact on growth than Goldman Sachs originally estimated. The firm lowered its fourth-quarter growth
Investing
Getty Images Investment giant BlackRock just became the largest stakeholder of Sports Illustrated’s parent company. BlackRock bought roughly a 30% stake in Authentic Brands Group for $875 million, the company’s chief executive officer Jamie Salter CNBC’s Brian Sullivan in a phone interview on Sunday. The deal values the brand management company around $4 billion to
Patrick T. Fallon | Bloomberg | Getty Images; Lindsey Wasson | Reuters Boeing investors face more questions than answers as its 737 Max crisis drags on, but the company could find a way forward by turning to an unlikely example: Chipotle Mexican Grill. Chipotle shares were on an incredible run from the company’s IPO to
Satya Nadella, CEO of Microsoft. Sean Gallup | Getty Images Enterprise software is emerging as an exception to some investors’ caution around the technology sector. Wall Street analysts and investors including Carl Icahn are turning to software companies, which don’t rely as much on supply chains and manufacturing, as the trade war and strong dollar
Dara Khosrowshahi, chief executive officer of Uber Technologies Inc., speaks during an interview in Tokyo, Japan, on Wednesday, July 3, 2019. Akio | Bloomberg | Getty Images Uber CEO Dara Khosrowshahi said SoftBank‘s head “doesn’t throw good money after bad” and that the company and its financial backer’s interests are aligned as the Japanese conglomerate
Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters Do stock analysts truly have insights for investors about earnings or are they just riding the market? That’s the question Morgan Stanley heard from investors after it detailed a new artificial intelligence strategy in June that studied its own analyst
A Verizon store in New York City. Getty Images High-dividend stocks are starting to stand out as winners as bond yields continue to collapse. Since late July, the S&P Dividend ETF, which bundles high-dividend stocks, has started to outperform the S&P 500 ETF Trust, which mimics the performance of the entire S&P. Since last week,
Peter Navarro, director of the National Trade Council. Andrew Harrer | Bloomberg | Getty Images White House trade advisor Peter Navarro said Beijing plans to devalue its currency — and if it does, the U.S. will respond forcefully. “They’re going to and we’re going to take strong action against them,” Navarro told CNBC’s “Closing Bell”
A trader reacts on the floor at the New York Stock Exchange (NYSE) in New York, U.S., August 5, 2019. Brendan McDermid | Reuters The clock is ticking for the relief rally to turn sour, according to Nomura macro and quant strategist Masanari Takada. And by his count, the market has only three good trading
Pricing in a trade war is hard enough, but it’s being made even more challenging by having to account for President Donald Trump’s Twitter feed. Markets are recovering now from the latest episode in which the president has made policy via social media, announcing a week ago that he intends to enact tariffs on all