Hours after President Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was...Politicsread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
Despite Kudlow's expectations, China said on Saturday that it strongly opposes Trump's decision to levy additional tariffs on $550 billion worth of Chinese goods, and warned...Politicsread more
President Donald Trump said Sunday he was not happy after North Korea launched short-range ballistic missiles over the weekend.Politicsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
The announcement for Target also comes on the heels of a strong quarterly earnings report, where it showed it drove more people to stores and got them to spend more money...Retailread more
The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
One of the key strategies right now may be learning to love what you hate.
Chris Bertelsen, chief investment officer at Global Financial Private Capital, tells CNBC's "Power Lunch" on Wednesday it's time to take a look at companies out of favor with managers.
"Many of America's biggest and best are starting to stagnate with zero growth and peak margins/earnings with so-so prospects. They are disliked by value managers and shunned by growth managers and hang on by the fact that expensive buybacks and "OK" dividends maintain their market price. Here is the potential: boardroom changes with new management and particularly a new CEO," Bertelsen said.
"This can create shareholder value. A great example is P&G, down almost double digits YTD with a CEO who maintains the status quo, but a new one will be anointed this year and P&G could split into health care/beauty/other or domestic/international, " Bertelsen said.
He compares this period to the 1970s.
DuPont, Microsoft, Coca-Cola and Procter & Gamble are lower during trading.