NEW YORK, June 14- The Federal Open Market Committee meeting next week is shaping up as a pivotal one for Wall Street, with stocks primed for a selloff should the Fed fail to take an even more dovish tilt after policymakers raised expectations for a rate cut in recent weeks. Bets for a rate cut were amplified by comments from Fed Chairman Jerome Powell on June 4, who...
*Trump scraps tariffs as Mexico vows to tighten borders. Mexico on Friday agreed to step up efforts to stem the flow of Central American migrants after Washington threatened to impose a 5% import tariff on all Mexican goods starting on Monday. "All it is, is a relief rally that we don't have tariffs with Mexico," said Paul Nolte, portfolio manager at Kingsview Asset...
*Trump scraps tariffs as Mexico vows to tighten borders. NEW YORK, June 10- U.S. stocks extended their recent climb on Monday, with the Dow on track for a 6th straight day of gains after the United States dropped plans to impose tariffs on Mexican goods and after a couple of multibillion-dollar deals. Mexico on Friday agreed to step up efforts to stem the flow of...
With growing talk of a recession, many states may not be prepared for a downturn, which could mean more tax hikes. Senator Evan Bayh (D-Ind.) and former U.S. Senator Jim DeMint join "Squawk Box" to discuss.
Amid growing talk of a recession, many states may not be prepared for a downturn, which could mean more tax hikes. CNBC's Robert Frank reports.
BOSTON, June 4- Public pension fund leaders on Tuesday called for separating the chairman and chief executive officer positions at Facebook Inc, both held by co-founder Mark Zuckerberg, citing a vote that showed strong support for the idea among outside investors in the world's largest social media company. "Facebook's insular boardroom must be cracked open...
NEW YORK, May 31- Saving for retirement is such a lofty goal that the U.S. government has always been willing to give tax incentives to encourage people to do more of it. But times change, and the retirement reform bills that are on a fast-track through Congress reflect some key shifts in approach that will make a huge impact on the tax bills of millions of Americans.
In the meantime, Ace is attempting to get its suppliers to pay for any price increases rather than its customers, says CEO John Venhuizen.
*U.S.- China trade tension weighs on prices. *OPEC cuts, Middle East tensions keep markets on edge. Brent crude futures, the international benchmark, hit a session low of $67.53 per barrel, trading down $3.15, or 4.5%, at $67.84 by 11:19 a.m. EDT.
NEW YORK, May 23- World shares skidded further on Thursday as concerns grew that the China-U.S. trade conflict was fast turning into a technology cold war between the world's two largest economies, leading oil prices to plunge and strengthening the dollar. Stocks tumbled on Wall Street and yields on the benchmark 10- year U.S. Equity investors, basking in the...
It could be more than you think.
Connecticut state Sen. Alex Bergstein's divorce case with her husband, Morgan Stanley managing director Seth Bergstein, has exposed her romantic relationship with her former campaign manager, Nichola Samponaro.
*Trump, Saudi Arabia warn Iran against Middle East conflict. NEW YORK, May 20- Oil prices on Monday rose to multi-week highs before easing later in the session as OPEC indicated it was likely to maintain production cuts that have helped boost prices this year, while escalating Middle East tensions provided further support. West Texas Intermediate crude futures...
As Connecticut faces a billion dollar budget crisis, a group of wealth state residents have sent an open letter to the governor and legislators begging to be taxed more. Jared Bernstein, former economist to Vice President Biden who is currently a senior fellow at the Center on Budget and Policy Priorities, and Connecticut State Representative Chris Davis join "Squawk Box" to discuss.
As Connecticut faces a billion dollar budget crisis, a group of wealthy state residents have sent an open letter to the governor and legislators begging to be taxed more. CNBC's Robert Frank reports.
NEW YORK, May 16- Tight gasoline supplies on the U.S. Supplies on both coasts are at seasonal five-year lows just days ahead of the May 27 Memorial Day holiday weekend starts, the unofficial beginning of summer. West Coast gasoline imports in April were up 62% from the same time last year, according to Matt Smith, director of commodity research at ClipperData.
*U.S. adds China's Huawei to trade blacklist. Cisco Systems Inc rose 6.1%, the most among the S&P and the Dow indexes, after the network gear maker gave an upbeat sales forecast and said minimal sales exposure to China have helped cushion the impact from trade dispute. "Earnings is one positive, but the buying is across the bar, every sector and every index is up," said...
LOS ANGELES, May 15- XPO Logistics Inc on Wednesday said investors ratified the company's executive compensation plan and rejected shareholder proposals calling for an independent board chair and sexual harassment prevention policies. XPO shares gained 1 percent to $58.36, about half the all-time high of $116.26 hit in September. Jacobs, XPO's CEO, received...
Attorney General William Barr has appointed a U.S. attorney to examine the origins of the Russia investigation and determine if intelligence collection involving the Trump campaign was "lawful and appropriate."
NEW YORK, May 13- Investors are losing faith that a U.S.- China trade deal could happen soon and are bracing their portfolios for a more prolonged battle that could hamper global growth. China on Monday said it would impose tariffs ranging from 5% to 25% on 5,140 U.S. products on a target list worth about $60 billion from June 1, striking back after the United States...
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