Consumer IPOs from Snap to Uber have been disappointing and serve as a reminder that private investors are making all the money.Technologyread more
The company's comments Friday come after the White House said U.S.Trade Representative Robert Lighthizer will "address the threatened impairment" of national security from...Autosread more
China's currency has been an important barometer for progress in U.S.-Chinese trade talks, and right now it's signaling things aren't going well.Market Insiderread more
Apple CEO Tim Cook was the commencement speaker at Tulane University Saturday. In his speech, the tech executive focused on the importance of addressing climate change and...Power Playersread more
Amazon's large and flashy investments stand out from those of its tech peers over the past year.Technologyread more
Some analysts see streaming services like Netflix becoming hindered by one of the things that made them so popular in the first place — binge watching.Entertainmentread more
There is a shortfall of cybersecurity workers that could reach as high as 3.5 million unfilled roles by 2021. A start-up called Synack provides crowdsourced security, and...CNBC Disruptor 50read more
Yardeni Research's Edward Yardeni recommends investing in U.S. companies with exposure to China.Trading Nationread more
CNBC and SurveyMonkey's latest small business optimism index echoes that sentiment, finding 52 percent of small businesses say it's harder to find workers today than it was a...US Economyread more
CNBC combed through Wall Street research over the last week to see which stocks analysts say have the best risk-reward.Marketsread more
Western Union is not panicking, but the delivery of money around the world is being upended, says CEO of upstart TransferWise. It broke into the $689 billion remittances...CNBC Disruptor 50read more
Brazilian stocks surged on Tuesday after a poll showed Brazil's far-right presidential candidate Jair Bolsonaro gained ground in the latest electoral poll.
The iShares MSCI Brazil exchange-traded fund (EWZ) jumped 5.6 percent to post its best day since Jan. 24, when it gained 6.2 percent. Brazil's Bovespa index gained 3.8 percent, its its biggest one-day gain since Nov. 7, 2016, when it surged 4 percent.
A poll released Monday by Ibope showed Bolsonaro would tie Fernando Haddad, the left-wing candidate from Brazil's Workers Party, in a likely second-round runoff. Last week, Haddad led Bolsonaro 42 percent to 38 percent in a runoff scenario.
The election is widely expected to head to a runoff on Oct. 28 since none of the candidates running are forecast to win a majority vote in the first round scheduled for Sunday.
Bolsonaro is seen as a more market-friendly candidate than Haddad given his economic platform, said Alberto Ramos, head of Latin American economics at Goldman Sachs. Now "the fear is that Haddad and the Workers Party will return to power and to the policies that took so many years to digest," he said.
Haddad became the Workers Party candidate after a court banned former President Luiz Inacio Lula da Silva from running again. Da Silva, better known as Lula, is serving a 12-year sentence for corruption. Lula's government — along with that of Dilma Rousseff, his successor — led to a ballooning fiscal deficit and contributed to an unsustainable pension system.
In turn, Ramos said Bolsonaro's economic advisors "seem to have a better assessment of the seriousness of the fiscal challenges besetting the Brazilian economy," hence why the market is cheering his progress in the polls.
The big question remaining for Bolsonaro is whether he has enough political capital to move forward with the necessary economic policy changes that are needed, Ramos added.
Bolsonaro has been criticized for making homophobic and racist remarks. In 2011, he told Playboy he would rather have a dead son than a gay son. He also said in another interview that Haitian immigrants were bringing diseases to Brazil.
Prior to Tuesday's rally, EWZ was down nearly 17 percent for the year, while Bovespa had gained nearly 3 percent.