US-China trade deal would pull economy back from ‘tipping point’
Trade tensions between the U.S. and China began to thaw this week, a welcome sign for an economy that may be moving closer to a “tipping point,” according to Deutsche Bank The reprive comes at just the right time for investors who had to navigate a monthlong escalation in the trade warContinue Reading
Target 20th Anniversary Collection is live but some items are already selling out online
Target shoppers stayed up late or woke up early to shop the retailer’s 20th Anniversary Collection online, which went live at 3 a.m. EDT Saturday. Some early shoppers said on social media they were able to get most if not all items on their list and check out in minutes. “IContinue Reading
‘Uber has lost its mojo’: early investor
Uber’s stock (UBER) is stinking up the joint. And what is tantamount to a post IPO crash isn’t lost on one early investor. “Uber has lost its mojo,” early Uber investor Bradley Tusk of Tusk Ventures said on Yahoo Finance’s The First Trade. Tusk — a longtime confidant of Uber founderContinue Reading
Goldman Sachs just dramatically cut its outlook for Apple, predicts 26% downside
Goldman Sachs just significantly cut its price target for Apple, predicting 26% downside to the shares because of a “material negative impact” on earnings for the accounting method the iPhone maker will use for an Apple TV+ trial. “We believe that Apple plans to account for its 1-year trial forContinue Reading
China exempts US soybeans and pork from tariffs
China will exempt American soybeans and pork from its latest round of tariffs, in what appears to be another move to ease tensions between the countries as they prepare for a new round of trade talks. Chinese state news agency Xinhua announced the policy change on Friday, citing government sourcesContinue Reading
‘Stop the WeWork deal’ — Cramer says the embattled IPO could wreck the stock market rally
Jim Cramer said on Friday that WeWork should pull its embattled initial public offering because the negative sentiment around slashing its valuation could be contagious in the overall stock market. “Stop the WeWork deal,” Cramer said on “Squawk Box.” “We don’t want that deal. I just wish they would go away.” DespiteContinue Reading
Americans’ biggest financial regrets
Regrets-Everyone’s got ‘em but some have more than others, especially when it comes to their finances. A new survey by Student Loan Hero reveals that 83% of Americans (up 7% from last year’s survey) wished they’d utilized their money differently in 2018. Top Complaints: not saving enough and conspicuous consumption.Continue Reading
Aurora Cannabis Announces Financial Results for the Fourth Quarter and 2019 Fiscal Year
Aurora Cannabis Inc. (the “Company” or “Aurora“) (NYSE | TSX: ACB), the company defining the future of cannabis worldwide, announced today its financial and operational results for the fourth quarter and fiscal year ended June 30, 2019 . “In 2019 Aurora took its place as the global leader in cannabisContinue Reading
Uber argues its drivers aren’t core to its business, won’t reclassify them as employees
Uber won’t be reclassifying its drivers from independent contractors to employees in light of a new bill that passed in California, largely because the bill doesn’t specifically require them to do so, the company’s chief legal official argued Tuesday. “Contrary to some of the oratory we’ve heard, AB5 does not automaticallyContinue Reading
Trump demands negative interest rates from Fed ‘boneheads’
United States President Donald Trump has called on the “boneheads” at the Federal Reserve to push interest rates down into negative territory. Such a move has been reluctantly used by central banks elsewhere to battle weak economic growth, but it risks punishing savers and banks’ earnings in the process. In a pair of TwitterContinue Reading