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A man walking past a Huawei P20 smartphone advertisement is reflected in a glass door in front of a Huawei logo, at a shopping mall in Shanghai, China December 6, 2018.  Aly Song | Reuters The ban on chipmakers selling to Huawei is having ramifications felt far and wide. Even as the U.S. government decided

CNBC’s Jim Cramer on Wednesday urged investors not to bail on Lowe’s new CEO Marvin Ellison after the home improvement giant reported disappointing earnings that led to a major sell-off in the stock. “People have written off Ellison but he’s been there for five minutes,” Cramer told CNBC’s “Squawk Box. “ Exactly one year ago,

The booster of SpaceX’s Falcon 9 rocket lands on the company’s barge after launching the Spaceflight SSO-A mission. SpaceX Elon Musk’s SpaceX, in a previously secret lawsuit revealed on Wednesday, challenged the Air Force awarding $2.3 billion in rocket development contracts last year to competitors Blue Origin, Northrop Grumman and United Launch Alliance, which is a

© Reuters. To match Special Report SEC/INVESTIGATIONS By John McCrank NEW YORK (Reuters) – The U.S. Securities and Exchange Commission said it will begin the first phase of a plan aimed at evaluating how stock exchange fees and incentives affect how brokers trade, even as several exchanges sue the regulator in an attempt to kill

CEO of Apple Tim Cook attends China Development Forum 2019 at the Diaoyutai State Guesthouse on March 23, 2019 in Beijing, China. VCG | Getty Images The U.S.-China trade war could take a big chunk out of Apple‘s bottom line if China retaliates by banning its products, according to an analyst at Goldman Sachs. Analyst

NEW YORK, NY – MAY 13: Traders and financial professionals work ahead of the closing bell on the floor of the New York Stock Exchange (NYSE), May 13, 2019 in New York City. Drew Angerer | Getty Images News | Getty Images Active managers are having a breakout year and Goldman Sachs has a way

Steven Mnuchin, Treasury secretary, arrives at a hotel in Beijing, China, on Thursday, March 28, 2019. Gilles Sabrie | Bloomberg | Getty Images Treasury Secretary Steven Mnuchin said Wednesday that he’s spoken with a top Walmart executive about how retail giant can best position itself and keep prices low amid the growing trade dispute between

Tesla founder Elon Musk speaks at the unveiling event by “The Boring Company” for the test tunnel of a proposed underground transportation network across Los Angeles County, in Hawthorne, California, December 18, 2018. Robyn Beck | Pool | Reuters Here are the biggest calls on Wall Street on Wednesday: Citi lowered its price target on

Elon Musk, chief executive officer of Tesla Inc., arrives at federal court in New York, on Thursday, April 4, 2019. Natan Dvir | Bloomberg | Getty Images Morgan Stanley caused a stir on Tuesday when star auto analyst Adam Jonas put out a “bear case” scenario that envisioned Tesla‘s shares plummeting to just $10. And

© Reuters. A Huawei company logo is seen at Huawei’s Shanghai Research Center in Shanghai By Fathin Ungku and Neil Jerome Morales SINGAPORE/MANILA (Reuters) – Mobile phone retailers in some Asian countries are refusing to accept Huawei devices for trade-ins, as more consumers look to offload their device on worries Google (NASDAQ:) suspending business with

© Reuters. FILE PHOTO: Walmart’s logo is seen outside one of the stores in Chicago By Nandita Bose WASHINGTON (Reuters) – Walmart (NYSE:) Inc will meet large consumer goods companies and advertising firms for the first time in New York next week to pitch its advertising business, as the world’s largest retailer aims to rev

© Reuters. FILE PHOTO: The Nordstrom store is pictured in Broomfield (Reuters) – Department store operator Nordstrom Inc (NYSE:) on Tuesday cut its forecast for full-year sales and profit after reporting weaker than expected first-quarter results that were hurt by the roll out of a new loyalty program and slow sales of full-priced women’s clothing.

Caution tape hangs near the steps of Federal Hall across from the New York Stock Exchange in New York. Michael Nagle | Bloomberg | Getty Images Stocks are weathering the latest bouts of increasing trade war fears, but the bond market is pointing to more trouble ahead. The S&P 500 is up more than 1%

Tim Cook, chief executive officer of Apple Inc., listens during an American Workforce Policy Advisory board meeting with U.S. President Donald Trump, not pictured, in the State Dining Room of the White House in Washington, D.C., U.S., on Wednesday, March 6, 2019. Al Drago | Bloomberg | Getty Images The recent uptick in trade hostilities

Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters Sometimes following the crowd can be a profitable strategy, particularly if that crowd is composed of hedge fund managers who have been beating the market. While investing often seems like a contrarian game where going against the flow feels like

Deutsche Bank is standing by its call for a 30% return on the S&P 500 this year, despite increasing global fears over the escalating U.S.-China trade dispute. Binky Chadha — head of asset allocation and chief equity strategist at the firm — told CNBC on Tuesday he is keeping the S&P target at 3,250, which

Traders and financial professionals work at the opening bell on the floor of the New York Stock Exchange (NYSE), May 6, 2019 in New York City. Drew Angerer | Getty Images News | Getty Images Stock picking is making a comeback as active investors are on pace for one of their best years in a

© Reuters. JP Morgan Chase & Co. corporate headquarters in New York CHICAGO (Reuters) – JPMorgan Chase & Co (NYSE:) said on Tuesday that only 71.64 percent of shareholders voted to approve its executive compensation packages, marking a rare instance of criticism over the bank’s top leaders pay. The bank also said that all of

Tesla CEO Elon Musk speaks during the unveiling of the new Tesla Model Y in Hawthorne, California on March 14, 2019. Frederic J. Brown | AFP | Getty Images Here are the biggest calls on Wall Street on Tuesday: Morgan Stanley lowered its Tesla bear case price target to $10 from $97 Morgan Stanley cut

Dara Khosrowshahi, chief executive officer of Uber Technologies speaks on a webcast during the company’s initial public offering on the floor of the New York Stock Exchange, May 10, 2019. Michael Nagle | Bloomberg | Getty Images Uber is a revolutionary company, but don’t rush to buy the stock, Susquehanna Financial Group said Tuesday. “We