US futures point to higher open after US-China reach partial trade deal

At around 02:20 a.m. ET, Dow futures rose 42 points, indicating a positive open of more than 48 points. Futures on the S&P and Nasdaq were both marginally higher. Market focus is largely attuned to global trade developments, amid signs of progress in the long-running U.S.-China trade dispute. U.S. stock index futures were slightly higher Monday morning, after the U.S. agreed to suspend its next tariff increase […]

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Cramer calls AT&T the 'most Republican of any publicly traded company'

However, CNBC's Jim Cramer suggests that past support of GOP policies does not seem to outweigh President Trump's hatred of AT&T-owned CNN. Hours after Elliott Management revealed a $3.2 billion stake in AT&T, Trump tweeted a dig at the news network. AT&T is the "most Republican of any publicly traded company," CNBC's Jim Cramer said Monday. However, Cramer suggested that […]

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IMF says trade war threatens China's growth, pushes for an equitable resolution

A new report on China's economy by the IMF recommends that trade tensions with the U.S. be resolved quickly, without"undermining the international system." "That is not only good for China and the U.S., but also for the international community as a whole," Jin Zhongxia, executive director for the People's Republic of China, says in a statement. The Trump administration labeled […]

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Wall Street is seriously miscalculating the number of Fed rate cuts, Blackstone warns

Blackstone chief investment strategist Joseph Zidle believes it's time for investors to get cautious. He predicts the Federal Reserve won't deliver expected multiple interest rate cuts in the coming months, and the disappointment will cause stocks to drop from their all-time highs. "The march to 3,000 on the S&P 500 is not really being driven by earnings. It's not being […]

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Goldman Sachs: Two factors will keep the stock market stuck right here through the end of the year

Government policy uncertainty and a poor earnings outlook will keep the stock market from rallying any further this year, according to Goldman Sachs. "Although our rates strategists forecast the 10-year US Treasury yield will fall to 1.75% by year-end, we expect lingering policy uncertainty and negative revisions to 2020 EPS will limit equity upside," Goldman Sachs' chief U.S. equity strategist […]

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