The trade conflict between the United States and China could get much worse if things don't change, BlackRock's Larry Fink said Thursday. "I was in China a few weeks ago and I do believe, if the path remains the same in the next few weeks, we're going to have a full-fledged trade war," Fink, the…
Bryan R. Smith | AFP | Getty Images Traders work on the floor of at the closing bell of the Dow Industrial Average at the New York Stock Exchange on October 31, 2018 in New York.  Heading into November, J.P. Morgan's chart analyst says if the S&P 500 can consistently stay above a key level,…
Shares of the The New York Times jumped Thursday after the company reported third quarter earnings that beat on both the top and bottom lines. The company also reported more than 3 million digital-only subscriptions and 4 million total subscriptions as of the end of the third quarter. Here's how the company did compared with…
BMO Capital Markets downgraded Pfizer to market perform and told clients that the drugmaker faces "significant headwinds" in the next two years that will be marked by slower revenue and weaker multiple expansion. Analyst Alex Arfaei wrote in a note published Wednesday that until Pfizer can turn over its product pipeline, shares of the pharmaceutical…
Stephanie Keith | Getty Images Tim Cook, CEO of Apple laughs while Lana Del Rey (with iPad) takes a photo during a launch event at the Brooklyn Academy of Music on October 30, 2018 in New York City.  October was a punishing month for technology stocks, but as Apple prepares to report fiscal fourth-quarter results…
Sen. Sherrod Brown of Ohio holds an unusual distinction in the 2018 midterm campaign for Congress. He is a Democrat seeking re-election in a state President Donald Trump carried easily two years ago. But unlike several colleagues in the same situation, the raspy-voiced populist has moved far ahead of Republican challenger Jim Renacci in polls…
Billionaire investor David Einhorn's hedge fund Greenlight Capital posted a small gain in October, when stocks tumbled, but is still nursing some of the industry's biggest losses for the year, an investor said on Wednesday. Greenlight Capital told investors late on Wednesday that its fund gained 1 percent in October and is down 25 percent…
The tech sector certainly wasn't alone in October. Eight of the 10 subgroups of the S&P 500 fell, led by energy and consumer discretionary stocks, which dropped more than the tech group. The broader S&P 500 declined 6.9 percent, and the Dow Jones Industrial Average slid 5.1 percent. But tech has an outsize impact on…
Chamath Palihapitiya, one of Silicon Valley's most outspoken tech investors, doubled down on calling the venture capital and tech start-up economy a Ponzi scheme on Wednesday. In a letter released by Social Capital, his venture firm, Palihapitiya wrote that "the dynamics we've entered is, in many ways, creating a dangerous, high stakes Ponzi scheme" and…
The midterm U.S. elections will take place on Tuesday. There are three possible ways the elections could unfold: The Democrats regain control of the House while the Senate remains under Republican control. The GOP fends off the so-called Blue Wave to retain a majority in both chambers. The Democrats get a majority in both the…
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