A Chinese delegation led by Vice Premier Liu He could be sent before month's end to iron out phase one, a source tells CNBC's Kayla Tausche.Marketsread more
"But I expect we'll have a deal," Mnuchin tells CNBC.Politicsread more
Apple will release the iPhone SE2 early next year for $399, analyst Ming-Chi Kuo says.Tech Driversread more
Sanders, who is recovering from a heart attack, reveals the new tax plan a day before the third Democratic debate.2020 Electionsread more
Morgan Stanley slashed its price target on Netflix to $400 per share from $450 per share, but kept its overweight rating on the stock.Pro Analysisread more
There are at least 10,000 Islamic State prisoners in several camps across northeastern Syria, according to Kurdish and U.S. officials.Politicsread more
Wall Street analysts were largely skeptical of Trump's announcement on Friday of a substantial trade deal.Marketsread more
The Nobel Prize in Economics was awarded to Abhijit Banerjee, Esther Duflo and Michael Kremer for their research and work on tackling global poverty.Economyread more
Trust Ventures targets tech companies tackling broad public issues but facing high regulatory barriers.Politicsread more
The savings wouldn't begin until 2023, assuming the bill gets passed by the House and Senate and signed by President Donald Trump before end of this year, the CBO says.Health and Scienceread more
The ITB, the homebuilder's ETF, has its highest level since January 2018. Craig Johnson, chief market technician at Piper Jaffray, thinks there could be even more room to run.Trading Nationread more
Shares of Fossil tumbled nearly 20 percent in early trading Wednesday, after the watchmaker missed Wall Street's fourth-quarter sales and profit expectations and provided a soft outlook for its 2017 fiscal year.
The company's stock was last trading at $18.57.
"Fossil's fourth-quarter print was in and of itself, 'not much worse than feared'; however the implications on the go-forward operations leave us with a growing list of concerns on a business that is caught in the crosshairs of an evolving category amid shifting consumer
preferences," Wells Fargo analyst Ike Boruchow, who downgraded the company's shares to "underperform" from "market perform," told investors.
Those concerns include the company's top line miss, which came despite its "much-hyped" push into wearable technology. Fossil had to lower prices on these products to get consumers to bite, and plans relaunch the category in the third quarter with lower prices. That will eat into the category's profitability, Boruchow warned.
Fossil's investments in wearable technology have also sent its debt levels and interest expense higher.
"It will be critical that the second-half sales acceleration implied by [Fossil's] guidance materializes to keep the company in the black," Evercore ISI analyst Omar Saad said.
Yet despite investors' skittishness, Fossil CEO Kosta Kartsotis remains optimistic about the category.
"Even with overall fourth-quarter sales at the low end of our expectations, we began to observe new emerging trends to support our thesis that wearable technology can be the catalyst to drive growth in the watch category," he told analysts on a conference call Tuesday.
During the fourth quarter, Fossil earned $1.03 a share on $959 million in revenue. Wall Street had been expecting the company to report earnings of $1.18 a share on $977 million in sales.
On an adjusted basis, Fossil expects to earn between $1 and$1.70 per share in fiscal 2017, down from $1.80 adjusted last year.
Fossil shares are down more than 30 percent over the past year.