A stunning slip in Intel’s manufacturing development reverberated through Wall Street on Friday, as the chip industry contemplated a decisive shift in leadership in the world’s most advanced manufacturing technology. The US chipmaker warned the day before that it had fallen a full year behind in the process technology required for its next generation of
Billionaire Mark Cuban told CNBC on Monday the stock market’s rally from its late March coronavirus-driven low reminds him of the 1990s dot-com bubble. “In some respects it’s different because of the Fed and the liquidity they’ve introduced and the inflation for financial assets that comes with that. But on a bigger picture, it’s so
In a summer of unending news, we may be heading into what could be the newsiest week of all. The Nasdaq’s sputtering rally could be put to its biggest test yet, as tech bellwether Apple and other stalwarts of the tech rally report earnings. Early in the week, Republicans will unveil their stimulus package proposal, which
getty Homebuilder stocks DR Horton, KB Home, Lennar, PulteGroup and Toll Brothers are not cheap after rising 141% to 237% from lows set between March 18 to March 23. DR Horton and Lennar set all-time intraday highs on Thursday, July 23. Longer-term homebuilders are a buy when their P/E ratios are 8% and lower. Today
Blake Nissen | The Boston Globe via Getty Images If there is an upside to all the pandemic-induced uncertainty in the economy, it’s the rock-bottom mortgage rate bonus for homeowners and homebuyers. The average rate on the popular 30-year fixed just fell to another record low — 2.87%, according to Mortgage News Daily. That is
Municipal yields held steady as the market awaits large Texas and California deals. The new-issue calendar features billion dollar deals from the Southwest and West regions of the country. The cities of Dallas and Fort Worth, Texas’ (A1/A/A+/AA) are coming to market for the second week in a row, this time with a taxable sale.
Scalping in the forex market involves trading currencies based on a set of real-time analyses. The purpose of scalping is to make a profit by buying or selling currencies, holding the position for a very short time, and closing it for a small profit. Many trades are placed throughout the trading day, and the system
China has announced the closure of the US consulate in Chengdu, just days after Washington gave Beijing 72 hours to vacate its Houston consulate. Tensions between the world’s two superpowers have risen to their most dangerous level in decades as the coronavirus pandemic rages through the US and Beijing cracks down on Hong Kong’s autonomy.
The car you drive every day to and from work sees a lot more action than the immaculate 1950s Ford Thunderbird you carefully stow away in the garage. It’s also going to be a lot easier to find repair parts for your late-model sedan than it is for a classic ride that rolled off the
CNBC’s Jim Cramer on Thursday praised Tesla CEO Elon Musk for building a company that promises to be much more than just electric vehicles. “This man is selling technology, and he’s talking about fully assisted and then he’s talking about driverless. He’s thinking so much bigger,” Cramer said on “Squawk on the Street.” ”He’s a big thinker.
Coca-Cola President and CEO James Quincey attends a press conference with International Olympic Committee (IOC) president and China Mengniu Dairy CEO and Executive Director, as part of the 134th Session of the International Olympic Committee (IOC) at the SwissTech Convention Centre in Lausanne, on June 24, 2019. Fabrice Coffrini | AFP | Getty Images With
Hundreds of unemployed Kentucky residents wait in long lines outside the Kentucky Career Center for help with their unemployment claims on June 19, 2020 in Frankfort, Kentucky. John Sommers II Persistently high unemployment claims show the impact of the spreading virus on the workforce, and economists are already warning that July’s employment report could show
A Landon Homes LP “Sold” sign is displayed at the Lexington Country development in Frisco, … [+] Texas, U.S. Photographer: Laura Buckman/Bloomberg © 2018 Bloomberg Finance LP Despite the double-whammy of an oil price collapse and a global economic shutdown, the housing market in Texas is hotter than a stolen tamale. New home permitting activity
View from a luxury rental at West Half, overlooking Nationals Park, Washington, D.C. Pat Pugliese | CNBC WASHINGTON — When Dr. Anthony Fauci throws out the ceremonial first pitch of this truncated baseball season Thursday night, players, coaches and umpires will see it in person at Nationals Park. But no fans will be in attendance,
Republican Senator Mitt Romney of Utah said he will vote against Judy Shelton, one of two Trump administration nominees to the Federal Reserve’s Board of Governors. ”I’m not going to be endorsing,” Romney told reporters Thursday. “I will be voting against it.” Shelton, an informal adviser to President Donald Trump’s campaign in 2016, is nominated
The number of Americans filing for initial unemployment benefits has levelled off near 1.4m, as Covid-19 outbreaks in parts of the US south and west stoke concerns that the labour market’s recovery could stall. New jobless claims came in at a seasonally adjusted 1.42m last week, compared with 1.31m a week earlier, the US Department
Riders are additional benefits that can be bought and added to a basic life insurance policy. They allow you to customize a policy and can provide several kinds of protection if you meet their conditions. Buying a rider means paying extra, but generally the additional premium is low because relatively little underwriting is required. Here are eight common
Jo Ronan had never done a grocery shop online before Covid-19. Now, she and her husband Mike doubt they will venture back into a supermarket until at least next year. “I haven’t been in a supermarket since March,” says Ms Ronan, a retired teacher who lives in Essex in southern England and has asthma. “I
We publish unbiased product reviews; our opinions are our own and are not influenced by payment we receive from our advertising partners. Learn more about how we review products and read our advertiser disclosure for how we make money. The American Express Membership Rewards program offers credit card users a lot of flexibility for how
The Robinhood investment app is see on a smartphone in this photo illustration on June 24, 2020 in Washington,DC. Jim Watson | AFP | Getty Images Robinhood has postponed the launch of its popular stock-trading app in the U.K. indefinitely. The Menlo Park, California-based fintech firm told people signed up to its U.K. waitlist Tuesday that
People walk past a TD Bank in Brooklyn, New York. Drew Angerer | Getty Images Earnings keep coming in, and while some high-profile companies are continuing to refuse providing guidance, many are making very interesting comments about the state of their industries. Here’s a few: Stock trading really strong. A solid report from TD Ameritrade.
A view of a Best Buy retail store on August 29, 2019 in San Bruno, California. Justin Sullivan | Getty Images Check out the companies making headlines in midday trading. FirstEnergy — The energy stock fell more than 24%, continuing a sharp fall from Tuesday, after the company was embroiled in a corruption investigation in
What are NYC buyers likely to buy, and how much will they want to pay for it? What neighborhoods and … [+] property types are hot? getty What are New York City buyers looking for? What are they likely to buy, and how much will they want to pay for it? What neighborhoods and property
Getty Images Google on Wednesday updated its search engine with new tools for people shopping for mortgages, including a calculator, recent average mortgage rates and key terms homebuyers may need to know during the mortgage shopping process. Google teamed up with the Consumer Financial Protection Bureau to launch the new tools because it found that
Ohio legislation that provided a ratepayer bailout for two nuclear power plants owned by then-bankrupt FirstEnergy Solutions is at the center of a $60 million pay-to-play scheme that led to the arrest of Ohio House Speaker Larry Householder on federal corruption charges this week. The legislation, signed by Gov. Mike DeWine in July 2019, bolstered
Former Wirecard chief executive Markus Braun has been accused by Munich prosecutors of committing a multiyear fraud and arrested for a second time following the June collapse of the German payments group. The prosecutors now suspect Wirecard’s accounting fraud started as early as 2015 when Mr Braun and other suspects allegedly agreed to inflate Wirecard’s
Much has been said about delaying Social Security benefits. Taking benefits at age 62 versus waiting until full retirement age makes a significant difference, and so does waiting until age 70 to start claiming. Should you delay? As in most financial planning, it depends. Do You Have an Immediate Need for the Money? Waiting until
Donald Trump said the Covid-19 pandemic in the US will “get worse before it gets better”, in a marked change of tone during his first White House coronavirus press briefing in nearly three months. “Some areas of our country are doing very well, others are doing less well,” the president told reporters on Tuesday, hours
Car insurance can cover you on the open road, but long-term coverage may not always be necessary. If you only need to be covered for a short amount of time, a temporary car insurance policy could be the better option. However, before purchasing this type of policy, it’s important to understand how it works and