The U.S. and China held their fourth round of trade talks this year in Malaysia over the weekend as anticipation grows for a meeting Thursday between the leaders of the world’s two largest economies. Bloomberg | Bloomberg | Getty Images This report is from this week’s CNBC’s The China Connection newsletter, which brings you insights…
DoubleLine Capital CEO Jeffrey Gundlach is dialing back his exposure to gold after the precious metal’s powerful run this year, saying it’s time for investors to rebalance as the price climbs to “nosebleed levels.” Gundlach, whose firm managed about $95 billion at the end of 2024, had recommended a 25% gold position in mid-September. Since…
Bill McDermott, chief executive officer of ServiceNow Inc., during the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, US, on Thursday, July 10, 2025. David Paul Morris | Bloomberg | Getty Images ServiceNow reported third-quarter results on Wednesday that blew past Wall Street’s estimates, with the company also approving a five-for-one stock…
We have an East Coast trade. The Philadelphia Eagles are trading wide receiver John Metchie III and a 2027 sixth-round pick to the New York Jets for cornerback Michael Carter II and a 2027 seventh-round pick, NFL Media reported on Wednesday. Moreover, Carter reportedly agreed to eliminate the $5 million injury guarantee in his contract…
The traditional 60/40 portfolio of stocks and bonds no longer delivers the returns investors need, pushing more money into alternatives such as hedge funds and private credit, according to Jim DeWolfe, co-founder and chief investment officer at Northside Capital. Over the past 35 years, the classic 60/40 mix of global stocks and bonds has generated…
The American multinational chain Starbucks Coffee store and logo seen displayed. Sopa Images | Lightrocket | Getty Images Starbucks is expected to report its quarterly earnings after the bell on Wednesday. Here’s what Wall Street analysts surveyed by LSEG are expecting the company to report for its fiscal fourth quarter: Earnings per share: 56 cents…
BlackRock’s Jeff Shen, remains constructive on U.S. equities over the next six-to-12 months, but he said investors may find more compelling opportunities overseas as global markets play catch-up. “There’s a fundamental capital expenditure story, given the excitement around artificial intelligence and the potential productivity growth coming from this investment,” said Shen, co-chief investment officer and…
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in September. Text removed from the September statement is in red with a horizontal line through the middle. Text appearing for the first time in the new statement is in red and underlined. Black text appears in both statements….
U.S. Food and Drug Administration Commissioner Marty Makary speaks during a press conference alongside U.S. Secretary of Health and Human Services Robert F. Kennedy Jr., and Centers for Medicare & Medicaid Services Administrator Mehmet Oz, discussing administration plans to lower drug costs, at the Department of Health and Human Services in Washington, D.C., U.S., Oct….
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: The S & P 500 turned slightly lower Wednesday afternoon after Federal Reserve Chairman Jerome Powell said a December interest rate cut was not a…
