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Housing market falling short by nearly 4 million homes as demand grows

Created: Tue, 21 Jan 2020 18:06:22 GMT

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Even with an above average pace of construction, it would take builders between four and five years to get back to a balanced market.Read more: Housing market falling short by nearly 4 million homes as demand grows

Leaders at Davos doubt China and US will reach a phase 2 trade deal by end of Trump's term

Created: Tue, 21 Jan 2020 16:28:24 GMT

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The biggest potential stumbling blocks: U.S. tariffs on Chinese goods and Chinese pledges to buy more American products.Read more: Leaders at Davos doubt China and US will reach a phase 2 trade deal by end of Trump's term

China's coronavirus has killed 6, can spread between people. Here's what we know

Created: Tue, 21 Jan 2020 16:05:35 GMT

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The outbreak could hit the economy, experts warned as they pointed to the fallout from the deadly SARS crisis in 2003.Read more: China's coronavirus has killed 6, can spread between people. Here's what we know

Senate Democrats will seek to subpoena White House records in Trump impeachment trial

Created: Tue, 21 Jan 2020 17:30:37 GMT

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Senate Minority Leader Chuck Schumer said Tuesday that he will introduce a series of amendments to the proposed rules for President Donald Trump's impeachment trial, set to begin Tuesday afternoon.Read more: Senate Democrats will seek to subpoena White House records in Trump impeachment trial

Watch: President Trump's impeachment trial kicks off in the Senate

Created: Tue, 21 Jan 2020 17:31:01 GMT

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The Senate is slated to begin in earnest the impeachment trial against President Trump as he participates in the World Economic Forum in Davos.Read more: Watch: President Trump's impeachment trial kicks off in the Senate

Traders grow worried about market's rapid rise: 'Swim at your own risk'

Created: Tue, 21 Jan 2020 18:04:59 GMT

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The stock market's rapid rise amid low volatility has made some traders cautious about a possible pullback.Read more: Traders grow worried about market's rapid rise: 'Swim at your own risk'

Paul Tudor Jones says this 'crazy' stock market run reminds him a lot of early '99

Created: Tue, 21 Jan 2020 16:55:14 GMT

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"We are just again in this craziest monetary and fiscal mix in history. It's so explosive. It defies imagination," Paul Tudor Jones said.Read more: Paul Tudor Jones says this 'crazy' stock market run reminds him a lot of early '99

David Einhorn says the Netflix story is 'busted' and he now has 'substantial' bet against stock

Created: Tue, 21 Jan 2020 18:12:05 GMT

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Greenlight Capital says increased competition in streaming will be a challenge for Netflix.Read more: David Einhorn says the Netflix story is 'busted' and he now has 'substantial' bet against stock

Swiss police reportedly believe Russian spies posed as plumbers to bug Davos

Created: Tue, 21 Jan 2020 16:17:54 GMT

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Swiss police picked up two men at the high-end resort in August after the pair had aroused suspicion by staying for an unusually long time.Read more: Swiss police reportedly believe Russian spies posed as plumbers to bug Davos

Industrials at record highs, and four stocks could be best chance to play catch-up

Created: Tue, 21 Jan 2020 14:32:24 GMT

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Industrials stocks are sitting at all-time highs, and traders say these four names could be the best way to play catch-up.Read more: Industrials at record highs, and four stocks could be best chance to play catch-up

Stocks making the biggest moves midday: Morgan Stanley, Beyond Meat, Uber, Tesla and more

Created: Tue, 21 Jan 2020 18:05:11 GMT

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These are the stocks posting the largest moves in midday trading.Read more: Stocks making the biggest moves midday: Morgan Stanley, Beyond Meat, Uber, Tesla and more

Ray Dalio says 'cash is trash' and advises investors hold a global, diversified portfolio

Created: Tue, 21 Jan 2020 17:01:21 GMT

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Ray Dalio at Davos said investors shouldn't miss out on the current market, although he still worries about an economic downturn.Read more: Ray Dalio says 'cash is trash' and advises investors hold a global, diversified portfolio

A 'preelection speech': Attendees react to Trump's Davos address

Created: Tue, 21 Jan 2020 17:48:08 GMT

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Some attendees at the World Economic Forum described President Trump's remarks as a little too optimistic.Read more: A 'preelection speech': Attendees react to Trump's Davos address

Lawmakers want to end age discrimination — and that's good for your wallet

Created: Tue, 21 Jan 2020 17:37:26 GMT

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The House of Representatives passed a bill that would make it more difficult to fire or discipline older workers based solely on their age.Read more: Lawmakers want to end age discrimination — and that's good for your wallet

Michael Avenatti case: Judge orders prosecutors to explain tough jail conditions for disgraced lawyer

Created: Tue, 21 Jan 2020 17:43:00 GMT

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Michael Avenatti, a fierce critic of President Donald Trump, is being kept in the same jail where accused child sex trafficker Jeffrey Epstein killed himself in 2019.Read more: Michael Avenatti case: Judge orders prosecutors to explain tough jail conditions for disgraced lawyer

These retailers could be winners as Pier 1 shuts 50% of its stores

Created: Tue, 21 Jan 2020 18:15:49 GMT

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Store closures by Pier 1 Imports could mean good news for other retailers that sell home furnishings and other knickknacks for the kitchen.Read more: These retailers could be winners as Pier 1 shuts 50% of its stores

History shows Tesla may have a rough go of it from here after stock doubled in 6 months

Created: Tue, 21 Jan 2020 18:04:18 GMT

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Bernstein doesn't see Tesla shares climbing much more after the firm looked at the historical data of high-flying stocks.Read more: History shows Tesla may have a rough go of it from here after stock doubled in 6 months

Uber stock surges after it offloads food delivery in India in bid for profitability

Created: Tue, 21 Jan 2020 17:42:05 GMT

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Uber executives have said they would look to exit markets where they couldn't be the No. 1 or No. 2 player.Read more: Uber stock surges after it offloads food delivery in India in bid for profitability

Trump again pushes negative interest rates, but Kudlow says they don't work

Created: Tue, 21 Jan 2020 18:13:22 GMT

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Both officials spoke Tuesday at the World Economic Forum in Davos and offered different views on how effective below-zero government bond yields are on stimulating growth.Read more: Trump again pushes negative interest rates, but Kudlow says they don't work

Ozzy Osbourne reveals he has been diagnosed with Parkinson's disease

Created: Tue, 21 Jan 2020 17:28:13 GMT

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Ozzy Osbourne, the 71-year-old lead singer of the band Black Sabbath, has had his fair share of health issues over the last 12 months, including neck surgery and a battle with pneumonia.Read more: Ozzy Osbourne reveals he has been diagnosed with Parkinson's disease

'Nobody likes him': Hillary Clinton rips Bernie Sanders and accuses him of supporting sexist attacks

Created: Tue, 21 Jan 2020 17:43:23 GMT

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In a new Hulu docuseries, Clinton unloads on Sanders: "He was in Congress for years. He had one senator support him. Nobody likes him, nobody wants to work with him, he got nothing done."Read more: 'Nobody likes him': Hillary Clinton rips Bernie Sanders and accuses him of supporting sexist attacks

Guggenheim's Scott Minerd declares Trump winner over Fed on rates, sees market rally continuing

Created: Tue, 21 Jan 2020 17:00:01 GMT

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"As long as the central banks keep the liquidity spigots open, I don't see any reason why we can't just keep pushing asset prices higher," said Guggenheim's global CIO.Read more: Guggenheim's Scott Minerd declares Trump winner over Fed on rates, sees market rally continuing

Here's what to watch on the first full day of Trump's impeachment trial

Created: Tue, 21 Jan 2020 15:04:33 GMT

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Mitch McConnell on Monday released an outline of the trial rules that largely resemble Bill Clinton's 1998 impeachment trial — and Democrats have been quick to cry foul.Read more: Here's what to watch on the first full day of Trump's impeachment trial

Beyond Meat stock climbs 13% as Starbucks plans to add more plant-based menu options

Created: Tue, 21 Jan 2020 16:49:09 GMT

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Beyond Meat's stock is on pace for its best month ever, back to its May initial public offering.Read more: Beyond Meat stock climbs 13% as Starbucks plans to add more plant-based menu options

Trump says he is serious about slapping tariffs on European cars if he cannot strike a trade deal

Created: Tue, 21 Jan 2020 16:57:04 GMT

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Trump did not specify a deadline for when he would decide whether to put tariffs on European automobiles.Read more: Trump says he is serious about slapping tariffs on European cars if he cannot strike a trade deal

JP Morgan Chase poaches an IBM 'Master Inventor' with 26 patents for quantum computing

Created: Tue, 21 Jan 2020 16:29:57 GMT

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The move is J.P. Morgan's latest high-profile technology hire.Read more: JP Morgan Chase poaches an IBM 'Master Inventor' with 26 patents for quantum computing

Hong Kong leader Carrie Lam says she's 'very disappointed' by rating downgrade

Created: Tue, 21 Jan 2020 17:00:03 GMT

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Hong Kong's top politician Carrie Lam said she is "very disappointed" by the Moody's ratings downgrade for the city-state.Read more: Hong Kong leader Carrie Lam says she's 'very disappointed' by rating downgrade

Marriott CEO: Business in Hong Kong down 50% due to protest turmoil and slowing China

Created: Tue, 21 Jan 2020 15:35:36 GMT

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Top-line performance in Hong Kong will be down 50% in the first quarter compared to a stable first quarter last year, Arne Sorenson, CEO of Marriott International, told CNBC on "Squawk Box" Tuesday while attending the World Economic Forum in Davos.Read more: Marriott CEO: Business in Hong Kong down 50% due to protest turmoil and slowing China

The 2020 election has supplanted the trade war as the biggest risk for stocks, survey shows

Created: Tue, 21 Jan 2020 16:01:48 GMT

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The first Bank of America Global Research fund manager survey of 2020 shows that 29% consider politics the biggest risk.Read more: The 2020 election has supplanted the trade war as the biggest risk for stocks, survey shows

Carlyle's David Rubenstein: Trump 'policies seem to be working' to boost the US economy

Created: Tue, 21 Jan 2020 18:03:14 GMT

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"There's some bragging about the economy, but the economy is in really good shape," Rubenstein said after Trump advisor Larry Kudlow crowed about growth.Read more: Carlyle's David Rubenstein: Trump 'policies seem to be working' to boost the US economy

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