Finance

Early movers: LLY, DE, HPE, HPQ, URBN, GME, MSG, FB & more

Eli Lilly — The drugmaker said its experimental Alzheimer’s drug failed to meet its goals in a phase 3 study, with no significant slowdown in memory loss. Lilly will abandon efforts to bring the drug to market as a result. Deere & Co. — The heavy equipment maker reported quarterly profit of 90 cents per share, more than double the ... Read More »

Bob Doll: There are two Donald Trumps and two very different market outcomes

Katie Kramer | CNBC Bob Doll Closely watched investing strategist Bob Doll says there are more reasons to like stocks since Donald Trump was elected president, and certainly fewer reasons to like bonds. But Doll told CNBC that while stocks should be higher at the end of both this year and next year, there are still many unknowns about President ... Read More »

L Catterton eyes passion in picks like Charles & Keith, Seafolly

Sanjit Das | Bloomberg | Getty Images Pedestrians walk past a Charles & Keith store in downtown Kuala Lumpur, Malaysia. Apart from being some of the most recognizable brands in Asia, footwear brand Charles & Keith, Australian swimwear brand Seafolly and K-pop talent manger YG entertainment are also among investment picks that L Catterton Asia has made. “Our focus (is) ... Read More »

The next vote that could shake Europe is coming up next week

Tiziana Fabi | AFP | Getty Images Italian Prime Minister Matteo Renzi is pictured on November 23, 2016 at the Palazzo Chigi in Rome. The Brexit vote stunned markets in June, and Donald Trump shocked investors in November. The Italians may be next. On Dec. 4, Italian citizens will vote in a referendum on whether to overhaul their national constitution, ... Read More »

Fed confident of need for rate hikes on eve of Trump win, minutes show

The minutes released on Wednesday back the consensus view on Wall Street that the Fed is poised to raise rates in December. Policymakers left borrowing costs unchanged earlier this month, just days before Republican Donald Trump triumphed in the Nov. 8 presidential contest. Voting members of the Fed’s rate-setting committee saw equal risks the economy would overshoot or undershoot their ... Read More »

Federal Reserve is preparing investors to think about 2017 hikes, former Fed advisor says

Wall Street is already expecting a Federal Reserve rate hike in December, and now the central bank is indicating it wants investors to turn their focus to next year, former Dallas Fed advisor Danielle DiMartino Booth told CNBC on Wednesday. “They are shifting the goal post for, I think, the investing public to begin to concentrate on what kind of ... Read More »

Bob Doll: There are two Donald Trumps and two very different market outcomes

Katie Kramer | CNBC Bob Doll Closely watched investing strategist Bob Doll says there are more reasons to like stocks since Donald Trump was elected president, and certainly fewer reasons to like bonds. But Doll told CNBC that while stocks should be higher at the end of both this year and next year, there are still many unknowns about President ... Read More »

Wearable device can reduce fat, treat type 2 diabetes

13, 2016, 05.00 PM IST Wearable device can reduce fat, treat type 2 diabetes (Getty Images) Scientists from Japan have developed a wearable medical device that can help diabetic elderly or overweight people to lose fat and treat type 2 diabetes. The device developed by Kumamoto University affects visceral fat loss and improves blood glucose (sugar) by helping overweight or ... Read More »

Trump win casts doubt on Fed’s plans to hike interest rates

Getty Images Janet Yellen Donald Trump’s victory in the U.S. presidential race throws into question the core assumption in global financial markets that the Federal Reserve will raise interest rates soon and follow with further gradual hikes over coming years. Financial markets swooned after Trump’s win, with the dollar and stocks sinking and safe-haven sovereign bonds and gold shooting higher, ... Read More »

Trump’s win sparks confusion over the Fed’s next move

For as much as the Federal Reserve professes its independence, it is not immune to politics. Financial markets are well aware of this sensitivity and are beginning to rethink where the central bank is heading, following Donald Trump’s shocking election victory. Prior to Tuesday’s election, Wall Street widely expected the Fed to enact its first rate hike in a year ... Read More »