It's about time to write off high-growth tech stocks, Goldman warned, saying software carries the highest multiples since the tech bubble.Marketsread more
The Fed is expected to cut rates multiple times, but the reason behind those cuts could have vastly different implications for the market.Marketsread more
Iran will surpass the internationally agreed levels of its low-enriched uranium levels in 10 days, the country's atomic energy body said Monday.Politicsread more
Boeing says the airline industry will need 44,000 new commercial airplanes by 2038. The market value of those planes would reach $6.8 trillion, up from $6.49 trillion...Airlinesread more
Apple is reportedly building three new iPhones for 2020, including two with 5G. It may also slightly change the screen sizes of the new iPhones.Technologyread more
Sotheby's announces it has signed an agreement to be acquired by BidFair USA, a venture owned by art collector Patrick Drahi.Marketsread more
Overall, extortion by email is growing significantly, according to the FBI's Internet Crime Compliant Center (IC3). Last year, these complaints rose 242% to 51,146 reported...Technologyread more
In a 7-2 ruling, over dissents from Justices Ruth Bader Ginsburg and Neil Gorsuch, the justices affirmed the so-called "dual sovereignty" exception to the Constitution's...Politicsread more
The chipmaker crush could persist and investors should be selective, but Nvidia looks like a clear buy, one market watcher says.Trading Nationread more
Target's nationwide cash register meltdown over the weekend created more than $16 million in buzz on the internet from news reports and other social media mentions, according...Retailread more
Amazon responded this morning to Democratic Congresswoman Alexandria Ocasio-Cortez's claim that it pays warehouse workers "starvation wages" in a tweet that says it pays...Technologyread more
China said it will establish a list of so-called unreliable entities of foreign companies and people that "seriously damage" the interests of domestic firms.
"Foreign enterprises, organizations and individuals that do not comply with market rules, violate the spirit of contract, block or cut supplies to Chinese firms with non-commercial purposes, and seriously damage the legitimate rights and interests of Chinese enterprises, will be added to the list of unreliable entities," Gao Feng, a spokesperson at the Ministry of Commerce, said Friday.
He added detailed measures will be disclosed soon.
While the announcement didn't mention any specific country or company, it came at the height of the ongoing trade war with the U.S. which escalated after President Donald Trump blacklisted Chinese telecom giant Huawei, halting its ability to purchase American chips.
The world's two largest economies have been jockeying with tit-for-tat strategies after trade talks fell through earlier this month. In a recent move, China reportedly stopped purchases of U.S. soybeans and threatened to cut off its rare earth supply to the U.S.
Both sides have slapped more tariffs on billions of dollars worth of each other's goods in May. The tariffs on $60 billion in U.S. goods in retaliation for the higher duties on $200 billion worth of Chinese products will kick in June 1.