The Conference Board, a business research group, on Tuesday released the June update for its consumer confidence index.Economyread more
The Congressional Budget Office estimated Tuesday that the national debt will rise to 141% of the economy over the next 30 years — 11 percentage points lower than the agency...Economyread more
Investors are piling into gold, sending the precious metal to a six-year high on Monday, and analysts think the commodity has established a base to go even higher.Marketsread more
Trump slams Iran on Twitter for issuing a "very ignorant and insulting statement" after the U.S. slapped fresh sanctions on Tehran.Politicsread more
The yield on the benchmark 10-year Treasury note fell below 2% on Tuesday as investors looked for safety following the release of much weaker-than-expected confidence data.Bondsread more
More than 150,000 former students of for-profit colleges filed a lawsuit against the U.S. Department of Education and Education Secretary Betsy DeVos on Tuesday, claiming the...Personal Financeread more
Investors plow into the precious metal amid the prospects for lower interest rates, a softer global economy and increased geopolitical tensions.Marketsread more
Amazon announces that Amazon Prime Day will last for two days, starting July 15.Technologyread more
Buyers pulled away from the builders in May, even as affordability improved, thanks to lower mortgage rates.Real Estateread more
Allergan shareholders will receive 0.8660 AbbVie shares and $120.30 in cash for each share held, for a total value of $188.24 per Allergan share.Biotech and Pharmaceuticalsread more
CNBC's Carl Quintanilla reports from Hanoi, ahead of the Trump-Xi trade meeting, to look at Vietnam's manufacturing boom and whether it can be sustained.Economyread more
TF International Securities analyst Ming-Chi Kuo — perhaps best known for his Apple supply chain insights — said in a recent note to investors that he's upping his 2019 shipment estimates for Samsung's new Galaxy S10 phone by as much as 30 percent from 30 million to 35 million units to 40 million to 45 million units. Kuo said pre-order demand for the new Samsung phones, which includes the Galaxy S10e, the Galaxy S10 and Galaxy S10+, is "better than expected."
Samsung and Apple saw decreased shipments in 2018, which were largely blamed on expensive phones and changing wireless carrier subsidy models. People are also using their old phones for longer than ever before. Kuo explained why the S10 may work in Samsung's favor.
"We believe that the better-than-expected shipment momentum of S10 series is due to (1) the market's bearish view on high-end smartphone growth, (2) spec differentiation from iPhone models, including an ultrasonic fingerprint on display (FOD), rear triple-camera, and bilateral wireless charging, (3) much better-than-expected demand in China market, and (4) trade-in programs."
Kuo didn't expand on Samsung's prospects in China, but Samsung isn't currently even a top five player in the market, where Apple has lost ground to local players including Xiaomi and Huawei, which both sell more affordable phones. But the notion that Samsung's latest device could be gaining traction there is significant. Apple CEO Tim Cook told CNBC in January that most of the downturn in iPhone sales took place in China due to economic headwinds in the country.