It's about time to write off high-growth tech stocks, Goldman warned, saying software carries the highest multiples since the tech bubble.Marketsread more
Iran will surpass the internationally agreed levels of its low-enriched uranium levels in 10 days, the country's atomic energy body said Monday.Politicsread more
Boeing said the airline industry will need 44,040 new commercial airplanes by 2038. The market value of those planes would reach $6.8 trillion, up from $6.49 trillion...Airlinesread more
Sotheby's announced Monday that it's signed an agreement to be acquired by BidFair USA, a venture owned by art collector Patrick Drahi.Marketsread more
Apple is reportedly building three new iPhones for 2020, including two with 5G. It may also slightly change the screen sizes of the new iPhones.Technologyread more
Overall, extortion by email is growing significantly, according to the FBI's Internet Crime Compliant Center (IC3). Last year, these complaints rose 242% to 51,146 reported...Technologyread more
Target's nationwide cash register meltdown over the weekend created more than $16 million in buzz on the internet from news reports and other social media mentions, according...Retailread more
The chipmaker crush could persist and investors should be selective, but Nvidia looks like a clear buy, one market watcher says.Trading Nationread more
The top court scrapped a ruling from the Oregon Court of Appeals in favor of the same-sex couple. The owners of the bakery, which refused the make the cake due to religious...Politicsread more
Amazon responded this morning to Democratic Congresswoman Alexandria Ocasio-Cortez's claim that it pays warehouse workers "starvation wages" in a tweet that says it pays...Technologyread more
The nation's homebuilders reported solid confidence in the housing market in June, but levels dropped slightly due to concerns over trade issues, the high costs of...Real Estateread more
Ahead of the stock market's opening plunge, CNBC's Jim Cramer warned on Tuesday about the dangers of the rising dollar on emerging markets.
"If you look internationally, there's havoc, and the havoc is that the dollar is moving so aggressively that it is going to cause, not turmoil, but actual wreckage, in a lot of funds that have money in some of these emerging markets. I think the logical place to look is Brazil." Cramer said on "Squawk on the Street. "
Cramer made his remarks as the dollar index hit new mutliyear highs against a basket of currencies. The dollar was also up nearly 0.5 percent against the Brazilian real on Tuesday, while the euro fell below $1.08 for the first time in about 12 years.
"There's a lot of debt issued [in Latin America]," Cramer said. "[Mutual funds] have been buying these bonds because they wanted yield. Suddenly, the money's coming out of them. We saw this in 1997 and 1998. I'm not saying it's going to be that bad, but understand there is a contingent among companies that have issued a lot of bonds [in Latin America]."
Cramer also said these recent currency headwinds are happening fast, making it harder for investors to react. "No one can move this fast. When you see these kinds of moves, people are out of position and they're frantically trying to get short anything, and that's how you get this kind of sale."
U.S. stocks fell sharply at the opening of trading Tuesday. ()