The Cosco Spain container ship, operated by Cosco Shipping Holdings Co., sails near the Yangshan Deepwater Port, operated by Shanghai International Port Group Co. (SIPG), in this aerial photograph taken in Shanghai, China, on Friday, May 10, 2019. Qilai Shen | Bloomberg | Getty Images Eleven banks that lend to shipping lines announced Monday that

Andy Warhol’s artwork, ‘Silver Car Crash (Double Disaster)’ is displayed while being auctioned at Sotheby’s on November 13, 2013 in New York City. Andrew Burton | Getty Images Check out the companies making headlines midday Monday: Sotheby’s — Sotheby’s shares jumped 57.2% on news that European art collector Patrick Drahi planned to acquire the art

Omar Marques | LightRocket | Getty Images Bitcoin leapt across the $9,000 mark on Sunday, boosted by reports that Facebook is soon set to launch its own cryptocurrency. The world’s largest digital coin traveled as high as $9,381.82 in the last 24 hours, according to CoinDesk’s bitcoin price index. The last time bitcoin hit a

A Puerto Rican flag flies above empty pairs of shoes outside the Capitol building in this aerial photograph taken during a protest against the government’s reporting of the death toll from Hurricane Maria in San Juan, Puerto Rico, on Friday, June 1, 2018. Bloomberg | Bloomberg | Getty Images The oversight board in charge of

Picture of a cup of coffee at a Luckin Coffee location. Fred Dufour | AFP | Getty Images Beijing-based coffee chain Luckin Coffee is catching the eye of Wall Street analysts who are hoping the newly public company’s technology-driven business model will fuel growth in an underpenetrated coffee market in China. Luckin, which is the

Federal Reserve Chairman Jerome Powell holds a press conference following a two day Federal Open Market Committee policy meeting in Washington, January 30, 2019. Leah Millis | Reuters With pretty much everyone convinced that the Fed is going to be cutting interest rates at some point this year, the central bank faces one rather pressing

Wall Street’s top rated economist Ed Hyman just called the yield-curve inversion “the number one” market risk, and this chart shows why. Going back to 1986, when the yield curve turned flatter drastically and eventually inverted, the S&P 500 tends to go into a downward spiral within the next 12 months, according to The Leuthold

Actor/producer Brad Pitt accepts the PGA Visionary Award during the 26th Annual Producers Guild Of America Awards last January in Los Angeles. Getty Images Hollywood star Brad Pitt, Steve Job’s widow Laurene Powell Jobs and UK-based stock-picker Neil Woodford are all reportedly investing in a little known “cold fusion company,” the Financial Times said on

The U.S.-China trade spat may spare a few chipmakers, says one analyst. As large chip companies such as Broadcom fall under pressure from restrictions on Chinese telecommunications giant Huawei — a major buyer of U.S. semiconductor chips until its recent blacklisting — a few more focused players will likely avoid the brunt of the pain, Ark

Traders work on the floor of the Exchange ahead of the Blue Apron IPO on the New York Stock Exchange in New York, June 29, 2017 Lucas Jackson | Reuters Check out the companies making headlines midday Friday: Broadcom — Broadcom shares dropped more than 6% after the chipmaker reported weaker-than-forecast quarterly revenue and cut

Evercore ISI Chairman Ed Hyman sees an “insurance” rate cut in July and more to follow as the inverted yield curve is making him “quite uncomfortable.” “I think they are going to ease in July and ease a couple of more times to try and get yield curve positive again and also put some insurance

Jeffrey Gundlach speaking at the 2019 SOHN Conference in New York on May 6th, 2019. Adam Jeffery | CNBC DoubleLine CEO Jeffrey Gundlach is betting on gold. “I am certainly long gold,” Gundlach said in an investor webcast on Thursday. He added his trade is based on the expectation that the dollar will finish the

Truist. That’s the new name for the combined banks SunTrust and BB&T, which are in the process of a “merger of equals.” The two banks will operate as Truist Financial, the companies announced on Wednesday, with a new headquarters in Charlotte, North Carolina. Truist came about through a partnership with consultant Interbrand. The companies said

Fintech start-up Revolut launched its app in Australia on Thursday, marking its first expansion outside of Europe. The online banking platform said it would gradually sign up 20,000 Australians already on a waiting list, while new customers will have to wait a little longer. Revolut has grown rapidly since it was founded in 2015, racking

Traders and financial professionals work at the opening bell on the floor of the New York Stock Exchange (NYSE). Drew Angerer | Getty Images Check out the companies making headlines after the bell: Shares of fitness clothing company Lululemon rose roughly 4% in extended trading following a strong first-quarter earnings report. The company reported earnings

David Gurle, CEO, Symphony Source: Symphony Symphony, a messaging platform for Wall Street firms, has been valued at $1.4 billion, according to people with knowledge of the company. The start-up will soon announce that it raised $165 million from investors to fuel its global expansion, according to the people. Symphony’s latest valuation is a relatively

Customers play a basketball arcade game at a Dave & Buster’s Entertainment Inc. location in Pelham, New York. Timothy Fadek | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of entertainment and restaurant company Dave & Buster’s fell 17.6% during extended trading after missing earnings and revenues estimates and

Bernard Charles, chief executive officer of Dassault Systemes SA. Simon Dawson | Bloomberg | Getty Images French technology company Dassault Systèmes is nearing a deal to acquire Medidata Solutions, according to people familiar with the matter. The likely agreement was reported earlier by Bloomberg, which also published a story in April saying the companies were in

The “Fast Money ” traders shared their first moves for the market open. Pete Najarian was a buyer of Snap. Brian Kelly was a seller of the S&P 500 ETF. Steve Grasso was a buyer of Ford. Dan Nathan was a seller of Microsoft.  Trader disclosure: Pete is long calls ALLY, CSCO, CYRX, DBX, DVN, FCX,

Check out the companies making headlines after the bell: Traders work the floor at the NYSE in New York. Brendan McDermid | Reuters Shares of Broadcom rose 1.9% after news that the chipmaker had entered into a two-year supplier deal with Apple. Under the agreement, Broadcom will provide radio-frequency, front-end components and modules for a

Beyond Meat CEO Ethan Brown speaks before ringing the opening bell at Nasdaq MarketSite, May 2, 2019 in New York City. Drew Angerer | Getty Images Check out the companies making headlines in midday trading Monday: Beyond Meat— Shares of Beyond Meat popped more than 23%, on pace for its third best day ever. Earlier

Amazon’s new Amazon Prime Visa Signature card, and Amazon Visa Signature card from Chase. Source: Amazon Amazon is finding a way to get its rewards credit card in the hands of more people. The e-commerce giant partnered with publicly traded bank Synchrony Financial to launch “Amazon Credit Builder” — a program that lends to shoppers with no

President Donald Trump tours the area around the U.S.-Mexico border wall in Calexico, California, U.S., April 5, 2019. Kevin Lemarque | Reuters Stock futures indicated that the Dow Jones Industrial Average would open more than 100 points higher Monday in the wake of President Donald Trump’s decision to suspend planned tariffs against Mexico. Trump announced

Chris Hutchins, co-founder of financial planning company Grove, has roughly 16 credit cards. Here are just a few. Emma Fierberg | CNBC Make It Swiping a credit card or paying online is one consumer area that may be relatively immune to slowing globalization — or as Morgan Stanley puts it, “slowbalization.” Given their exposure to

Marijuana is growing on U.S. consumers. Last week, Illinois became the 11th U.S. state to approve cannabis for recreational adult use, joining a growing cohort that includes California, Vermont and Michigan. The law will go into effect on Jan. 1, 2020. Now, U.S. cannabis companies like Cresco Labs are undergoing expansion so they’re able to

Robert Lighthizer, U.S. trade representative, right, and Steven Mnuchin, U.S. Treasury secretary. Alex Edelman | Bloomberg | Getty Images Treasury Secretary Steve Mnuchin said Saturday that President Donald Trump still has the authority to impose tariffs on Mexico if it does not live up to the terms of a deal to strengthen immigration enforcement and

FAANG stocks displayed at the Nasdaq. Adam Jeffery | CNBC Washington’s apparent assault on big tech companies like Alphabet, Facebook and Amazon could be a blessing in disguise for investors as they present a massive buying opportunity. Alphabet and Facebook shares fell 3.4% and 2.3%, respectively, for the week. Amazon was up 1.6%, but lagged

Economic forecaster Lakshman Achuthan sees a bearish trend unfolding that should keep Treasury yields at multi-year lows longer than Wall Street anticipates. Achuthan, co-founder of the Economic Cycle Research Institute, builds his case on a single chart showing forward looking inflation measures. His major takeaway: Inflation is in a downturn, and it’s creating an even

John Stankey Stephen Desaulniers | CNBC AT&T‘s WarnerMedia CEO John Stankey made a promise to his wife, Shari. He’d received episodes of the last season of “Game of Thrones” in advance. But he wouldn’t watch. Instead, he’d watch with her, in real time, at home — including the finale. “No big party,” said Stankey last

Stocks have been rallying hard on the idea the Federal Reserve will cut interest rates soon, but at some point the market needs to see progress on the trade wars and economic weakness that are bothering the Fed. Friday’s surprisingly soft May jobs report showed just 75,000 jobs created, 100,000 less than expected. That immediately