Author: FC

Trump tells world leaders: ‘We will no longer tolerate abuse’ on trade

President Donald Trump defended his administration’s trade clashes on Tuesday, telling world leaders the U.S. will act in its “national interest” when it feels cheated. Trump’s comments to the United Nations General Assembly follow his latest shot in a trade war with China, the world’s second-largest economy. His administration slapped 10 percent tariffs on $200 billi...

Southwest Airlines adds free in-flight messaging

Can’t stand being out of touch at 35,000 feet but don’t want to pay for pricey in-flight Wi-Fi? Try instant messaging. Southwest Airlines is the latest carrier to offer free in-flight messaging. The airline had been charging $2 per flight for the service since 2013, a price that is still listed on the airline’s website. More from USA Today: Southwest Airlines User’s Guide S...

App-only banks are growing at a surprising rate in Europe, threatening big banks

LONDON — Greg Stevenson was trying to refinance the mortgage on his four-bedroom home in eastern England when things started going awry. An attempt by his bank, TSB, to shift data to a new computer system had gone spectacularly wrong. For several maddening days, he could not connect to his account, transfer funds or reach anybody at the bank for help. “I felt abandoned,” said Mr. Steve...

Trade rep Lighthizer says US is prepared to move ahead on new NAFTA deal without Canada

With less than a week to go before the deadline, the U.S. is ready to move ahead on a new NAFTA-style agreement with or without Canada, U.S. Trade Representative Robert Lighthizer said Tuesday. On the heels of an agreement with Mexico covering a range of issues, Lighthizer said negotiations with Canada remain at an impasse. “We’re not going to say ‘no deal because of Canada.̵...

Dimon and Buffett’s call to stop quarterly guidance by companies may already be having an impact

Just months after Jamie Dimon and Warren Buffett issued a call for an end to quarterly earnings guidance, companies may be heeding the call. With third-quarter earnings season less than three weeks away, fewer companies than normal are issuing pre-announcements than the norm. Thus far, 98 members of the S&P 500 have issued guidance, a decline from the average 112 and below the typical 107 for ...

Snap jumps after rival Instagram loses its founders

The simultaneous exits of Instagram's founders could signal trouble at the company and lead to a tumultuous transition period — either of which could be good for Snap. 

Amazon could reach $3,000 per share in two years, Jefferies says

Amazon shares could surge to $3,000 by 2020, driven largely in part by strong growth in the company's Prime, cloud and advertising businesses, an analyst at Jefferies said Tuesday.

Eddie Lampert Has Some New Ideas To Prolong Sears’ Suffering

By Jonrev at English Wikipedia [Public domain], via Wikimedia Commons Sears has taken yet another turn for the worse, you guys. Its vitals are plummeting. Even the course of treatment recommended last month won’t do the trick, seeing as how it would raise only $480 million of the $1.1 billion Sears needs to survive its debt payments over the next couple of years. Simply put, it “now faces signific...

Your first trade for Tuesday, Sept 25

The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of Chesapeake Energy Karen Finerman was a buyer of Michael Kors Steve Grasso was a buyer of Lennar Guy Adami was a buyer of Discovery Trader disclosure: On September 24, 2018 the following stocks and commodities mentioned or intended to be mentioned on CNBC’s “Fast Money” we...

Raymond James downgrades Intel to sell due to chip manufacturing problems

Intel’s manufacturing technology issues will haunt the chipmaker for a long time, according to Raymond James. The firm lowered its rating to underperform from market perform for Intel shares, citing its delays in moving to its next generation chip process technology. “Intel’s biggest strategic problem is their delay on 10nm production – we don’t expect a 10nm server chip fr...

Looking to jump on the cannabis investing bandwagon? It’s buyer beware

If you walk into one of MedMen‘s cannabis retail locations, you will be greeted with rows of tables equipped with tablets that you can use to browse for items. While the layout may resemble an Apple or other tech store, the products are much different. MedMen’s selection includes traditional marijuana products, including pre-rolled joints and/or plants sold in jars ready for smoking. A...

BMW warns of lower profits on new emissions rules and escalating trade war ‘distorting demand’

BMW said Tuesday its 2018 profits are likely to fall due to the costs of implementing new emissions standards in Europe and rising uncertainty stemming from the escalating global trade war. Automotive revenues are now expected to fall slightly from the €88.6 billion it generated last year, and a reverse from from a previously expected year-over-year increase. BMW had previously forecast profits to...