White House’s Kudlow says China looks ‘terrible.’ Data show otherwise

White House’s Kudlow says China looks ‘terrible.’ Data show otherwise

White House economic advisor Larry Kudlow says China's economy looks "terrible," and that investment there is "collapsing." But the data show a more complicated picture. "I'm not a China expert, although I'm boning up as fast as I can, I would just say right now their economy looks terrible," Kudlow said Thursday in response to…
Tesla shares tumble ahead of Elon Musk’s reported meeting with SEC next week

Tesla shares tumble ahead of Elon Musk’s reported meeting with SEC next week

In an extended story in Friday's Times, Musk said that the past year has been "excruciating" and "the most difficult and painful" of his career. He and members of Tesla's board are set to meet with SEC officials as soon as next week, according to the report. The Times also reported that the board is…
‘More volatility’ expected as Iran sanctions set to prompt wild swings in oil prices, Vopak CEO says

‘More volatility’ expected as Iran sanctions set to prompt wild swings in oil prices,...

A shipping revolution and a U.S. plan to impose targeted crude sanctions against Iran is likely to prompt wild swings in the oil price over the coming months, Vopak's chief executive told CNBC on Friday. Energy market participants are currently seen weighing bullish factors that include potential supply disruptions to Iranian crude exports against more…
US, China plot roadmap for meeting between Trump, Xi to resolve trade dispute: Dow Jones

US, China plot roadmap for meeting between Trump, Xi to resolve trade dispute: Dow...

So far, the tariffs represent a relatively small portion of U.S.-China trade. That means the immediate economic impact of the trade war could be limited for both sides, another reason some analysts expect the dispute to linger for some time. But economists have warned that a full-blown trade war, especially if it drags on for…
Shares of Sears fall to record low as CEO Lampert’s hedge fund eyes Kenmore

Shares of Sears fall to record low as CEO Lampert’s hedge fund eyes Kenmore

Shares of Sears Holdings tumbled as much as 13 percent Friday, skidding to a record low after the company disclosed earlier in the week that a hedge fund owned by CEO Eddie Lampert offered to buy the troubled retailer's Kenmore appliance division for $400 million. The shares slid to an intraday low of $1.27 a…
Trade talks and Fed’s Jackson Hole meeting could create more than the usual late August volatility

Trade talks and Fed’s Jackson Hole meeting could create more than the usual late...

Monday Earnings: Estee Lauder, BHP Billiton, Anglogold Ashanti Tuesday Earnings: TJX, Kohl's, JM Smuckers, Red Robin, Toll Brothers, Medtronic, Pure Storage Wednesday Earnings: Target, Lowe's, LBrands, Momo, Royal Bank of Canada 10:00 a.m. Existing home sales 2:00 p.m. FOMC minutes Thursday Earnings: Alibaba, Gap, Autodesk, Intuit, Splunk, HP, VMWare, Hormel, Ross Stores 8:30 a.m. Initial…
Cramer’s game plan: Get ready for a packed earnings week

Cramer’s game plan: Get ready for a packed earnings week

Alibaba: This week, the Chinese company Tencent saw its stock plummet after Chinese regulators blocked one of its most popular video games. Cramer is looking to see if Alibaba goes the same way as Tencent. "Alibaba may be in better graces, but between the trade war and the slowdown of the Chinese economy, I'd rather…
US government is reportedly trying to force Facebook to help it wiretap Messenger

US government is reportedly trying to force Facebook to help it wiretap Messenger

In the Apple case the company argued that the government could not compel it to create software to breach the phone without violating the company's First Amendment speech and expression rights. The government dropped the litigation after investigators got into the phone with a contractor's help. Unlike the San Bernardino case, where the FBI wanted…
S&P cuts Turkey credit rating deeper into junk territory

S&P cuts Turkey credit rating deeper into junk territory

Jasper Juinen | Getty Images Turkish President Recep Tayyip Erdogan arrives at the 2018 NATO Summit at NATO headquarters on July 12, 2018 in Brussels, Belgium.  Standard & Poor's took Turkey's sovereign debt rating even lower on Friday. S&P had already rated Turkey's bonds as "junk," but on Friday lowered the the long-term foreign currency…
Judge in Paul Manafort trial says he has been threatened and is now under U.S. Marshal protection

Judge in Paul Manafort trial says he has been threatened and is now under...

AP This Aug. 7, 2018 courtroom sketch depicts Rick Gates, right, testifying during questioning in the bank fraud and tax evasion trial of Paul Manafort at federal court in Alexandria, Va. The judge is T.S. Elliot III. Ellis said he will not release the transcript of one sidebar conference that relates to an ongoing investigation,…

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