He left Brooklyn to launch a start-up in ‘the next frontier’: Vietnam

He left Brooklyn to launch a start-up in ‘the next frontier’: Vietnam

Three years ago, Peter Petracca was working as a consultant in New York, itching for a change. Petracca, originally from California, decided to move to Hanoi, Vietnam. "I was living in Brooklyn next door to a Vietnamese restaurant and would eat there three times a week," he told CNBC while in Hanoi. "I heard amazing…
Southern California home sales crash, a warning sign to the nation

Southern California home sales crash, a warning sign to the nation

The median price paid for all Southern California homes sold in June was a record $536,250, according to CoreLogic, a 7.3 percent increase compared with June 2017. While part of that is due to a mix shift, since there are fewer lower-priced homes for sale, it is becoming increasingly clear that fewer buyers are able…
‘There Is No Alternative’ trade loses luster as short-term bond yields hit 10-year high

‘There Is No Alternative’ trade loses luster as short-term bond yields hit 10-year high

Investors hunting for yield no longer have to look very far. After a decade in which short-term cash and equivalents earned next to nothing, that part of the market has now begun to pick up and offer legitimate returns for those looking for safety in an uncertain environment. In particular, the three-month Treasury bill's yield…
Trump: Russia ‘fighting very hard’ to help Democrats in midterm elections

Trump: Russia ‘fighting very hard’ to help Democrats in midterm elections

President Donald Trump said Tuesday that he was "very concerned that Russia will be fighting very hard to have an impact on the upcoming Election." But rather than benefit his own party, as Russia sought to do in 2016, Trump claimed without offering any evidence that Russia "will be pushing very hard for the Democrats"…
Trump administration to give billions in aid to farmers hurt by tariffs: Reports

Trump administration to give billions in aid to farmers hurt by tariffs: Reports

The Trump administration plans to offer up to $12 billion in aid to farmers hit by tariffs on their goods, an emergency bailout intended to ease the pain caused by Trump's escalating trade war in key electoral states, Secretary of Agriculture Sonny Perdue told reporters Tuesday. "President Trump has promised since day one that he…
Some good news for Democrats: Their odds to win the House are above 50% for the first time, top forecaster says

Some good news for Democrats: Their odds to win the House are above 50%...

Saul Loeb | AFP | Getty Images US Senate Minority Leader Chuck Schumer, Democrat of New York, and House Democratic Leader Nancy Pelosi, speak about the Omnibus budget deal during a press conference at the US Capitol in Washington, DC, March 22, 2018. For the first time this cycle, a leading elections forecaster has given…
Ahead of big GDP report, Trump says US has ‘best financial numbers on the planet’

Ahead of big GDP report, Trump says US has ‘best financial numbers on the...

With the release of second-quarter growth numbers just three days away, President Donald Trump is enthusiastic about growth, to say the least. While not mentioning the upcoming gross domestic product report from the Bureau of Economic Analysis, Trump indicated in a tweet Tuesday that the economy is powering along. Trump tweet Economists expect GDP to…
General Motors jumps into peer-to-peer car sharing

General Motors jumps into peer-to-peer car sharing

Helen H. Richardson | The Denver Post | Getty Images A Chevy Volt and a GMC Acadia, parked on Little Raven Court, are available for car share through a new app from Maven in Denver. Looking to make money renting out your car or truck? General Motors thinks a lot of people are interested in…
Alphabet set to surge to all-time high as Wall Street says internet giant’s big bets are ‘paying off’

Alphabet set to surge to all-time high as Wall Street says internet giant’s big...

Wall Street is buzzing over Alphabet’s blowout June quarter financial results. Analysts are growing more confident over the prospects for many of Alphabet’s emerging businesses including YouTube, autonomous cars and cloud computing. The internet giant reported better-than-expected second-quarter earnings Monday. It posted adjusted earnings per share of $11.75 versus the Wall Street consensus of $9.59…
Stocks making the biggest moves premarket: MMM, UTX, VZ, LLY & more

Stocks making the biggest moves premarket: MMM, UTX, VZ, LLY & more

Check out the companies making headlines before the bell: 3M – The consumer and industrial products company earned an adjusted $2.59 per share, 1 cent a share above estimates. Revenue also beat forecasts and 3M raised its full-year forecast, saying it was seeing strength across all its businesses. United Technologies – United Technologies reported adjusted…

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