China may have signaled it's going more hard-line on trade, but it could be a good thing, former U.S. negotiator Clete Willems told CNBC.World Economyread more
As China's economic growth declines, some analysts say Beijing may have to spend more on infrastructure, adding to concerns about high debts.China Economyread more
After years of speculation, Neuralink, the brain-machine interface start-up co-founded by Elon Musk, started talking directly to the public on Tuesday.Technologyread more
"The charts, as interpreted by Carley Garner, suggest that the upside in the stock market has gotten more limited," Jim Cramer says.Mad Money with Jim Cramerread more
John Paul Stevens, who served on the Supreme Court for nearly 35 years and became its leading liberal, has died.Politicsread more
A key read on the industry, the Architecture Billings Index, fell into negative territory in June, according to the American Institute for Architects. Inquiries for new...Real Estateread more
The largest U.S. banks are scrutinizing members of the Federal Reserve for any insight into how the central bank will tinker interest rates.Banksread more
Mikaila Ulmer may be just 14 years old, but the Me & the Bees Lemonade founder knows a thing or two about business.Young Successread more
U.S. President Donald Trump said Tuesday that Washington and Beijing have a long way to go on trade, adding that America could place tariffs on an additional $325 billion...Asia Marketsread more
The U.S. and China restarted their trade talks, but signs are showing a comprehensive deal could be a long way off, if it happens at all.Marketsread more
The WTO ruling recognized that the United States had proved that China used state-owned enterprises to subsidize and distort its economy. But the U.S. must accept Chinese...World Economyread more
Goldman Sachs had warned clients about companies with big international sales in a note on Friday, especially those with big revenues from China. It specifically warned about Nvidia ahead of the chipmaker's surprise disclosure on Monday.
The other names on the list that gave Goldman pause were Broadcom, Micron Technology, Qualcomm, Qorvo, Skyworks Solutions and Wynn Resort. Those six, along with Nvidia, get more than half their sales from Greater China, according to the firm.
Shares of Nvidia tanked as much as 17 percent on Monday after the company lowered its revenue guidance for the fourth quarter citing "deteriorating macroeconomic conditions, particularly in China." Caterpillar stock fell more than 9 percent on Monday after the company pointed to tariffs and a slowdown in China as major factors in its disappointing fourth-quarter results.
This has been a recurring theme in this earnings season that major companies sound alarms on the economic slowdown of the world's second largest economy. Apple was the first to break the bad news when it lowered its revenue guidance by 8 percent on Jan. 2, blaming on the weaker demand in China. The country's economic growth in 2018 cooled to its slowest in 28 years amid weakening domestic demand and punishing U.S. tariffs.
And so Goldman has been prepping clients to get ready and avoid stocks with big international exposure.
"Global tensions over trade policy and the economic relationship between U.S. and China will play a key role in the future relative performance of the baskets," Goldman Sachs' chief U.S. equity strategist David Kostin said in a note on Friday. The firm also noted the strong dollar as a risk to multinational companies.
For investors who want to hedge against international risks, Goldman Sachs put together a basket of companies focused on domestic sales.