After the Fed released minutes of its last meeting, the bond market signaled it fears the Fed will not be aggressive enough with its rate cutting.Market Insiderread more
Analysts generally doubt how effective the People Bank of China's latest interest rate announcement will be in significantly helping businesses grow.China Economyread more
The Fed minutes also note that "a couple" members wanted a 50 basis point cut, based primarily on the weak inflation readings.The Fedread more
Flight bookings to Hong Kong have fallen 10%, hit by the unrest in the city, said Alan Joyce, the chief executive of Australian carrier Qantas Airways.Airlinesread more
Japanese manufacturing activity shrank for a fourth straight month in August as export orders fell at a sharper pace.Asia Marketsread more
These in-demand skills can command top pay packets, says Feon Ang of professional networking site LinkedIn.Get Aheadread more
The Washington governor had centered his campaign around climate change, calling it "the most urgent challenge of our time."Politicsread more
The inversion is seen by many veteran traders as an important recession omen, though the timing on the eventual downturn is less predictable.Bondsread more
Here's what Nordstrom reported for its fiscal second-quarter earnings.Retailread more
The sexy image that once boosted Victoria's Secret has been haunting L Brands more recently, as women are steering clear of the brand's hot pink, lacy and bejeweled lingerie.Retailread more
Ford is one of four automakers that reached a voluntary agreement with California on fuel efficiency rules, defying Trump and his administration's effort to strip the state of...Autosread more
Donald Trump's fiery rhetoric has presented investors with a rare opportunity to buy into mega-cap internet stocks, closely followed analyst Gene Munster says.
"We would be buying the fear priced into internet mega-caps, with concerns of President-Elect Trump's impact on tech companies being largely extrapolated from sound bites that are unlikely to manifest during Trump's presidency, in our view," the Piper Jaffray analyst wrote in a note to clients.
Since the election, large cap internet stocks have sold off even as the broader indexes have rallied on Trump's pledges to cut down on regulation, boost growth and lower taxes.
Many tech leaders have been open about their concerns for a Trump presidency's potential impact on their companies.
Despite campaign rhetoric that would seem to stifle the tech industry, specifically Trump's criticisms of net neutrality, Amazon CEO Jeff Bezos and immigration policies, Munster said the Trump presidency will be "markedly different than the positioning" of his campaign.
"While technology stocks have sold off in the wake of Trump's election, we note that the President-Elect's plan for the first 100 days says absolutely nothing about technology — the industry and financial markets have reacted by intensely analyzing a handful of Trump's scrambled snippets used during his campaign," Munster and his colleagues wrote.
Piper Jaffray does not think Trump will roll back net neutrality or alter the immigration caps for H1-B visas, which tech companies rely on to get talented international employees stateside.
Amid heightened fears for big tech, the analysts say Amazon.com, Alphabet, Facebook and Netflix are all attractively priced, adding that "long-term investors should use this pullback as an opportunity to buy long-term secular winners at discounted valuations."