The big tech fights to watch in 2020CNBC’s Josh Lipton reports on the tech fights to expect in 2020.

The company’s most recent quarter saw results negatively impacted by Tim Hortons, while its Burger King and Popeyes chains had more positive performances. Its price target for the online lender remains at $340 per share. iHeartMedia – A purchase of the radio station operator by Liberty Media may be blocked by the Justice Department, according to the New York Post. Liberty, which holds a 4.8% stake in the radio station operator, had sought the Justice Department’s blessing for such a deal, accord

Greta Thunberg speaks at an event with other climate activists on April 22, 2019 in London, England. Teenage climate change activist Greta Thunberg said on Monday that talking to U.S. President Donald Trump at a United Nations summit on global warming would have been a waste of time since he would not have paid any attention. Trump has questioned climate science and is pulling the United States out of the 2015 Paris Agreement on global warming. “So I probably wouldn’t have said anything, I would

After five people were stabbed at a rabbi’s home during a Hanukkah celebration over the weekend, the Jewish community in New York and around the United States is grappling with how to stem growing anti-Semitic violence. Andrew Cuomo called the attack Saturday night on a Hasidic Jewish community in Monsey, New York, “domestic terrorism” and directed state police to increase patrols in Orthodox Jewish neighborhoods across the state. Kelsen has seen increased security over the past few years and sa

After more than three years of debate, negotiation and lawsuits, the U.S. Department of Labor’s new mandatory overtime pay rules go into effect Jan. 1. The rule extends overtime pay to an estimated 1.3 million U.S. workers. Under previous rules, workers who earn a salary instead of an hourly wage are entitled to overtime pay if they earn less than $23,660 a year. Companies will need to pay more in wages to comply, but the overall benefit to workers will be mixed. It’s leaving behind workers who

The NAR’s pending home sales index, based on contracts signed last month, increased 1.2% to a reading of 108.5. Theprevious month’s reading was revised upward. Pending home contracts are seen as a forward-looking indicator of the health of the housing market because theybecome sales one to two months later. Compared with one year ago, pending sales were up 7.4%. Compared to the prior month, contracts increased 5.5% in November in the West.

Major stock indices are up huge in 2019 thanks in large part to the success of some key technology stocks. Apple led the way for the Dow Jones Industrial Average, gaining roughly 84% so far. Apple’s $1 trillion yearApple’s strong year pushed the company’s market cap back over the $1 trillion mark. Apple has already seen success with its AirPods, selling an estimated $6 billion worth of the earbuds in 2019, according to analyst Toni Sacconaghi of Bernstein. RBC analyst Mitch Steves values the sto

Chinese President Xi Jinping shakes hands with President Donald Trump before a bilateral meeting during the G20 Summit on June 29, 2019 in Osaka, Japan. Chinese Vice Premier Liu He, that nation’s top trade negotiator, will visit Washington this week to sign the “phase one” trade deal with the U.S., the South China Morning Post reported Monday. The phase one trade deal includes some tariffs rollback and increased agricultural purchases from China. President Donald Trump said last week that the de

The makeup of the voting members of the Federal Open Market Committee will change next month, with Boston Fed President Eric Rosengren and Kansas City Fed President Esther George, who voted against the Fed’s three rate cuts, joining the ranks of nonvoters. St. Louis Fed President James Bullard and Chicago Fed President Charles Evans will also no longer be voters. The four will be replaced in a rotation by Minneapolis Fed President Neel Kashkari; Dallas Fed President Robert Kaplan; Philadelphia F

We are in the middle of a classic Santa Claus rally, but when the adults return in January, there likely will be a reckoning: The market has largely priced in expectations of a trade truce and a bottoming in the global economy. The S&P 500 is up 8.8%, its strongest quarterly showing since the first quarter, when it gained 13%. “Expectations have moved higher on trade and global growth, and if that doesn’t deliver, that’s a problem,” Alec Young, managing director of global markets research at FTS

Those are words of wisdom from one technician who believes the charts could be signaling that the stock is prime for a breakdown. But Matt Maley, chief market strategist at Miller Tabak, said signs of a pullback are brewing around one key technical: the stock’s 200-day moving average. “In fact, the last two times it was this overbought, [the stock saw pretty severe pullbacks.]” But should the stock bounce from that trend line, then Amazon “could explode to the upside,” the strategist added. Last

Source: NasdaqRoku has more than quadrupled in value in 2019, making it the best-performing tech stock among U.S. companies with a market cap of at least $5 billion. On 12 separate days this year, Roku’s stock moved at least 10%, dropping on half those occasions. That kind of performance is what analysts at Needham were expecting last December, when the firm named Roku as its top stock pick for 2019. But the stock popped 12% on Oct. 15, after Roku said it would be adding the Apple TV app to its

S&P 500 takes aim at best year since 1997U.S. stock futures were pointing to a slightly lower Wall Street open on Monday. Year to date, the Nasdaq is up 35.74%, the S&P 500 is up 29.25% and the Dow is up 22.8%. The S&P 500, on average, gained 6.6% in the fourth year of a presidential term when a Republican is seeking reelection. However, the monthly indicator has only been above 50 once since May, even as the stock market soared and the unemployment rate was hitting half-century lows. China’s ho

Tesla CEO Elon Musk unveils the Cybertruck at the TeslaDesign Studio in Hawthorne, Calif. Tesla will deliver fewer vehicles than the low end of its guidance for the year and its stock may suffer, according to Cowen. The automaker is poised to deliver between 95,000 and 101,000 vehicles for its fourth quarter, Cowen said in a note to clients Monday. This would put deliveries for the year at roughly 356,000, below the 360,000 to 400,000 range the company has given as a guidance. The new analyst pr

Toms Shoes creditors have agreed to take over the maker of casual footwear in exchange for restructuring its debt, according to a company letter sent to employees on Friday and people familiar with the matter. In exchange, the creditors will provide debt relief to the company, according to the sources, who requested anonymity to discuss confidential arrangements. Bain had acquired a 50% stake in Toms five years ago, valuing the company at $625 million, including debt. Since then it has gifted cl

SoftBank is on our buy list, says Reyl SingaporeDaryl Liew of Reyl Singapore says the firm has a buy rating on SoftBank on a “sum-of-the-parts basis.” From a valuation standpoint, Alibaba makes up almost two-thirds of SoftBank’s market cap, he says.

Rep. John Lewis, D-Ga., speaks during a news conference in the Capitol on the Voting Rights Advancement Act on Friday, December 6, 2019. Rep. John Lewis will undergo treatment for stage 4 pancreatic cancer, his office said Sunday. He learned of the diagnosis this month, after what Lewis, D-Ga., described as a “routine medical visit and subsequent tests.” But I also have faith that John Lewis will beat this. Nearly 57,000 people in the United States will have been diagnosed with pancreatic cancer

U.S. stock index futures were slightly higher Monday morning. ET, Dow futures climbed 23 points, indicating a slightly higher open of just 2 points. The S&P 500 and Nasdaq indexes were also marginally higher. Monday marks day four of the so-called Santa Claus rally period, which is typically seen as giving a boost to stocks. In terms of data, U.S. international trade and retail inventories figures for November are due to be released at 8:30 a.m.

North Korea’s leader Kim Jong Un before a meeting with US President Donald Trump on the south side of the Military Demarcation Line that divides North and South Korea, in the Joint Security Area (JSA) of Panmunjom in the Demilitarized zone (DMZ) on June 30, 2019. North Korean leader Kim Jong Un called at a ruling party meeting for “positive and offensive measures” to ensure security ahead of a year-end deadline he has set for denuclearization talks with the United States, state media KCNA said o