Current and former Tesla employees working in the company's open-air "tent" factory say they felt pressure to take shortcuts to hit aggressive Model 3 production goals,...Technologyread more
The one-to-eight stock split would mean the current number of ordinary shares — which stands at 4 billion — will increase to 32 billion. It comes ahead of a reported Hong Kong...Asia Marketsread more
Minutes from the Reserve Bank of Australia's monetary policy meeting in July showed the central bank was ready to adjust interest rates if required.Asia Marketsread more
China's fiscal spending increased 10.7% in the first six months from a year earlier, the finance ministry said on Tuesday, underlining the government's bid to support the...China Economyread more
The findings by McKinsey and Company come amid a year-long tariff fight between the U.S. and China, which has spilled into areas such as technology and security.China Economyread more
Microsoft's considerable reach into the corporate world isn't something Slack CEO Stewart Butterfield is very concerned about.Technologyread more
In a closed-door meeting at a Manhattan mansion, executives outlined changes to controversial software that was implicated in two crashes.Aerospace & Defenseread more
President Donald Trump and the RNC are picking up key supporters in the business community who did not back him as a candidate in 2016.2020 Electionsread more
Amazon workers in Minnesota and Germany are striking as Prime Day kicks off, in a stand against working conditions and wage practices. The action in Minnesota represents the...Retailread more
Treasury Secretary Steven Mnuchin is raising red flags ahead of Facebook's proposed cryptocurrency launch.Marketsread more
Beto O'Rourke's campaign for the 2020 election raised just $3.6 million in the second quarter of this year, putting him in the lower tier of candidates who have struggled to...2020 Electionsread more
Stocks closed lower on Thursday as President Donald Trump confirmed that trade talks with China might not be successful. But Peter Costa, a governor at the New York Stock Exchange, said this is not the beginning of a bear market.
"You'll never see a bear market start with the Russell 2000 hitting an all-time high, " Costa, president of NYSE trading firm Empire Executions, said on "Closing Bell " Thursday. "It's never happened. It will never happen."
In fact, the small-cap index closed at an all-time high of 1,625.29 on Thursday. The intraday level reached an all-time high of 1,627.32.
Another sign of the strong economy is the yield curve, said John Burke, owner and manager of Burke Financial. He pointed out that so far in May the yield curve, or the spread between long- and short-term interest rates, has increased.
"The stock market has never come to a halt when the yield curve is getting steeper," Burke said on "Closing Bell."
Still, Thursday's trading session was a disappointing one for market watchers. All three major indexes closed lower.
Some investors fear continued trade tensions may be the culprit.
But Barbara Doran, director and senior portfolio manager at Yorkbridge Wealth Partners, disagreed. "We're used to getting a lot of noise on the trade talks," she said on "Closing Bell. "
Costa said the most likely outcome of the trade talks is "some sort of compromise."
"There are advisors that are going to be a lot more vocal and [telling Trump], 'Look, this could be extremely detrimental, not only to the Chinese economy but to the U.S. economy and the world economy,'" Costa said.
Still, Burke said investors, including his firm, are "most worried about" political factors influencing the market.
"It's not just China. Europe is upset about what we're doing with its steel tariffs there. And of course, we've got NAFTA too. All of these things are bad. And if we could just get them out of the news and settled ... then the market is going to go higher. "