U.S. consumer plays in China are more than coffee and iPhones. Stocks to watch
While Starbucks has warned of price competition in China and Apple tries to drum up momentum with a new store in Shanghai, other U.S. consumer brands are seeing growth and planning for more. Domino's Pizza's China operator DPC Dash reported Wednesday its 26th straight quarter of...
Fed must get ‘more aggressive’ with rate cuts due to weakening jobs...
The Federal Reserve may have new incentives in the second quarter to cut rates deeper this year.Canaccord Genuity's Tony Dwyer thinks a deteriorating jobs market and easing inflation will ultimately push the Fed to act."I'm not saying that they have to go back to zero, but they...
Bitcoin could soar to $150,000 this year, hedge fund manager Mark Yusko predicts
Hedge fund manager Mark Yusko is predicting bitcoin will more than double this year to $150,000."Get off zero," the Morgan Creek Capital Management CEO and chief investment officer told CNBC's "Fast Money" this week.Yusko thinks investors should have at least 1% to 3% allocated...
Stocks making the biggest moves premarket: Walgreens Boots Alliance, Estee...
Check out the companies making headlines before the bell. Walgreens Boots Alliance — Shares dipped 1.6% after the company's fiscal second quarter report was released. Walgreens generated $37.05 billion in revenue for the quarter, topping the LSEG forecast of $35.86 billon....
Xiaomi releases electric car $4K cheaper than Tesla’s Model 3 as price...
Chinese consumer electronics company Xiaomi revealed Thurs., Dec. 28, 2023, its long-awaited electric car, but declined to share its price or specific release date.CNBC | Evelyn ChengBEIJING — Chinese smartphone company Xiaomi said Thursday it will sell its first car for far...