Business

Chinese factory activity expanded sightly in October despite an ongoing trade dispute with the U.S., a survey of small and medium-sized enterprises in China showed. On Thursday, Caixin and IHS Markit reported October Purchasing Managers’ index (PMI) was 50.1 for October, beating analysts’ expectations. Analysts polled by Reuters had expected the reading to have dipped
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The Food and Drug Administration has had “constructive” meetings with e-cigarette manufacturers since instructing them to fix “epidemic” levels of teen nicotine use, Commissioner Scott Gottlieb said Wednesday. Tthe FDA last month ordered five manufacturers — Juul, British American Tobacco‘s Vuse, Altria‘s MarkTen, Imperial Brands‘ Blu E-cigs and Japan Tobacco‘s Logic — to submit plans
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Amazon entered its third straight day of losses down as much as 3.5 percent at the open. It was down about 26 percent for the month of October as of Tuesday morning. The stock been on a steady decline since Thursday when it missed revenue estimates and delivered disappointing fourth quarter guidance. At Monday’s close,
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But Amazon has shown that it can do many things at once, and it’s not afraid to take on low-margin industries with established incumbents. Health industry executives can no longer rely on complexity as being the significant barrier to entry. “It’s a defense that health care has used for why we haven’t created the kinds
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With spending on entitlement programs a major talking point for both Democrats and Republicans ahead of midterm elections, former Federal Reserve Chairman Alan Greenspan sees a potential solution in an unlikely place. “Sweden has gone through the same thing we have,” Greenspan told CNBC in an interview earlier this month, explaining how Sweden brought itself
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There are many different kinds of sell-offs — from garden-variety pullbacks to wholesale breakdowns like the 2008 financial crisis — but the key for investors is knowing why they’re occurring, CNBC’s Jim Cramer says. “There are all sorts of sell-offs, but unless they involve systemic risk, they’re going to prove to be buying opportunities,” he
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The housing market may be slowing down, but Nobel Prize winner Robert Shiller told CNBC he isn’t fearful that a big downturn is ahead. During the financial crisis, the fluctuation of home prices was the sharpest anyone had ever seen — and the word “housing bubble” entered the vocabulary, the Yale economist said. Now, “you
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Western Digital shares fell as much as 10 percent during after-hours trading on Thursday after the company missed analysts’ expectations on revenue. The computer company reported $5.03 billion on revenue, while analysts predicted $5.14 billion. The company matched earnings per share however, coming in at $3.04 a share. In August, analyst Karl Ackerman lowered Western
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Jeff Kowalsky | AFP | Getty Images Jim Hackett, president and chief executive officer, Ford Motor stands outside the headquarters as they celebrate the production of the 10,000,000 Mustang on August 8, 2018 in Dearborn, Michigan.  Ford shares were up more than 4 percent Thursday after the company delivered better-than-expected earnings Wednesday night. Investors seemed
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“What really surprised us to the upside was aerospace margins in the 13 percent range and they’re raising their guidance for that,” Jefferies analyst Sheila Kahyaoglu said on CNBC’s “Squawk Box.” For its its airplane-making business, Boeing delivered 190 commercial aircraft in the third quarter, bringing its total deliveries for the year to 568. The
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Nomura Instinet upgraded Intel shares to buy from neutral on Monday, saying the company is the only chip stock that will raise estimates in October and November. “We believe that Intel will remain supply constrained until the ramp [in production] of 10nm,” Nomura’s Romit Shah said in a note. Intel is working to mass produce
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