Investing

The stock market is selling off on fears that top White House economic advisor Gary Cohn could resign, CNBC’s Jim Cramer said Tuesday. In a short tweet Tuesday morning, Cramer simply said: “Cohn sell off.” @jimcramer: Cohn sell off U.S. stocks were lower Tuesday, with the Dow Jones industrial average down more than 100 points,
0 Comments
Tony Avelar | Bloomberg | Getty Images Brad Garlinghouse, chief executive officer Ripple Cryptocurrency ripple climbed Monday amid renewed speculation that popular exchange Coinbase would add the cryptocurrency to its platform. Coinbase tweeted Monday that the company has “made no decision to add additional assets to either GDAX or Coinbase” and that “any statement to
0 Comments
President Trump says he is a champion of manufacturing, but his steel and aluminum tariff plan is driving a big sell-off in the industry’s shares. Multiple Wall Street banks cautioned clients against investing in the American manufacturing industry Friday as some of the nation’s largest machinery companies are dropping. Crane machinery and equipment manufacturer Manitowoc’s
0 Comments
Today, now faced with $1 trillion annual budget deficits, Washington will again be increasingly reliant on the “kindness of strangers” to finance those shortfalls. But will those “strangers,” particularly China and Japan, the two largest holders of U.S. debt, stop purchasing U.S. bonds, or sell them outright, in retaliation for U.S.-imposed tariffs? And, if the
0 Comments
In a brief gaggle with reporters on Friday morning, White House press secretary Sarah Huckabee Sanders was asked about whether the former Goldman Sachs executive is staying as director of the National Economic Council. “I don’t have any reason to think otherwise right now,” she said. “Gary was here yesterday afternoon, I talked to him
0 Comments
Shares of Walgreens Boots Alliance and AmerisourceBergen slid after CNBC reported deal talks have cooled and that a takeover looks unlikely. Sources told CNBC that Walgreens Chief Executive Stefano Pessina and Amerisource Chief Executive Steven Collis met to discuss a potential tie-up, but those early-stage explorations ended without an agreement. The sources, who cautioned the
0 Comments
Investors should only consider cryptocurrencies such as bitcoin if they are prepared to lose everything, BlackRock Investment Institute said in its weekly report Monday. “We see cryptocurrencies potentially becoming more widely used in the future as the markets mature. Yet for now we believe they should only be considered by those who can stomach potentially
0 Comments
Cryptocurrencies pose a competitive threat to Bank of America‘s business, the company said in a regulatory filing Thursday. “Clients may choose to conduct business with other market participants who engage in business or offer products in areas we deem speculative or risky, such as cryptocurrencies,” the bank said. Such increased competition may “negatively affect our
0 Comments