Morgan Stanley issued its tenth annual list of “secular growth stocks” on Wednesday, which is the firm’s list of the top 35 companies that it expects will “grow strongly well into the future” regardless of the strength of their respective industries. All of the companies on Morgan Stanley’s list are expected to have compound annual growth rates of 10% for earnings, revenue or both over the next three years. A few of the highlights from Morgan Stanley’s list are Amazon, Tesla, The Blackstone Grou

Asia stocks declined on Wednesday as U.S. President Donald Trump threatened to raise tariffs on Chinese goods if the two economic powerhouses do not strike a deal. Hong Kong’s Hang Seng index slipped about 0.73%, as of its final hour of trading. Elsewhere, Japan’s Nikkei 225 slipped 0.62% to close at 23,148.57 while the Topix index shed 0.33% to 1,691.11. The S&P/ASX 200 in Australia declined 1.35% to close at 6,722.40 as the heavily-weighted financial subindex fell 2.15%. Shares of Australia’s

The dollar rose on Wednesday and trade-exposed currencies fell after the U.S. president threatened a trade war escalation and China condemned a U.S. senate measure backing pro-democracy protesters in Hong Kong. China condemned the U.S. legislation aimed at protecting human rights in Hong Kong, saying that the U.S. should stop interfering. Matys said that the U.S. senate’s bill in support of Hong Kong could complicate progress towards a preliminary trade deal. Markets had hoped that a partial tra

Oil field workers with Wisco work on a pump jack in North Dakota, the United States, on November 6, 2013. Oil prices turned positive on Wednesday, reversing two days of losses, following a smaller-than-expected build in US inventories. Crude inventories in the United States increased by 1.4 million barrels from the prior week, the U.S. Energy Information Administration said on Wednesday. The U.S. aircraft carrier strike group Abraham Lincoln on Tuesday sailed through the vital Strait of Hormuz t

Spot gold dipped 0.15% to $1,469.87 per ounce, having touched a two-week high of $1,478.80 earlier. The U.S. Commerce Department confirmed it has begun issuing licenses for some U.S companies to supply non-sensitive goods to Huawei. U.S. President Donald Trump also threatened to raise tariffs on Chinese goods if a trade deal is not reached soon. It must be in preparation for the Fed minutes,” said Phillip Streible, senior commodities strategist at RJO Futures. “It feels like a trade agreement co

European stocks closed lower on Wednesday after U.S. President Donald Trump threatened to hike tariffs on Chinese goods if Beijing does not agree to a trade deal. The pan-European Stoxx 600 was 0.3% lower at the closing bell. Travel and leisure stocks led losses, ending the session more than 1% lower, while the China-exposed basic resources sector was 0.4% lower. During a meeting with his cabinet on Tuesday, the president said that if China did not make a deal, he would “just raise tariffs even

For comparison, Restaurant Brands International, the parent company of Burger King, Popeyes Louisiana Kitchen and Tim Hortons, is up 26% in 2019. The discounting error also impacted the overall same-store sales sales of Burger King. Carrols operates more than 1,000 Burger King restaurants and 60 Popeyes locations, as of Sept. 29. In October, the chains’ parent company reported that both Burger King and Popeyes had their strongest quarterly same-store sales in years. “It doesn’t hurt that [Wendy’

United Auto Workers President Gary Jones delivers remarks at the opening plenary session of the National Association of the Advancement for Colored People’s annual convention in Detroit, July 22, 2019. DETROIT — The executive board of the United Auto Workers has started the process of removing President Gary Jones from his position and the union. Jones’ lawyer Bruce Maffeo told the Detroit News the union president had resigned on Wednesday. “This is a somber day, but our UAW Constitution has pro

A customer carries a shopping bag while exiting a Victoria’s Secret Stores LLC store, a subsidiary of L Brands Inc., in New York, U.S., on Wednesday, Nov. 14, 2018. L Brands posted mixed third-quarter results Wednesday as declining sales at its Victoria’s Secret brand continued to weigh on its performance. L Brands shares, which closed near a 10-year low, rose nearly 4% during extended trading. Same-store sales at L Brands’ total business fell 2% in the third quarter, a bigger drop than the 1% d

The RealReal’s stock plunged by nearly 11%, shaving off more than $202 million in market value, on the day a CNBC investigation revealed problems in the company’s authentication process. But CNBC found many of the items on the site were being authenticated by copywriters with limited training, leading to mistakes. ‘Faux and Tell’The internal documents, called “Copywriting Faux and Tell,” are “a weekly recap of TRR published and returned counterfeits.” The “GG” is described as a “garish” gold, in

Trump visits Tim Cook at Apple Mac Pro plant in Texas15 Hours AgoPresident Trump traveled to Austin, Texas, today to meet with Apple’s Tim Cook at the company’s Mac Pro plant there.

Elizabeth Warren took every chance early in Wednesday’s Democratic debate to promote a wealth tax — her signature 2020 campaign plan that has led to sparring with titans of the business world. Asked about what she would do to unite the country, the Massachusetts senator pointed to her proposals to hike taxes on the richest Americans. “And here’s the thing: that’s something that Democrats care about, independents care about and Republicans care about.” The senator aims to fund sweeping social pro

WASHINGTON – In testimony that stunned both Republicans and Democrats on Wednesday, Gordon Sondland, the U.S. Wednesday marked the third time Sondland has provided testimony to the committee, but the first time he has done so publicly. Here are the most important things Sondland revealed. Mr. Giuliani demanded that Ukraine make a public statement announcing investigations of the 2016 election/DNC server and Burisma,” Sondland testified. And while these exchanges at times sounded like political t

Joe Biden said on Wednesday that he would not order his administration to investigate Donald Trump if the former vice president is elected in 2020. “Look, I would not direct my Justice Department like this president does. I would let them make their independent judgment,” Biden said during the fifth Democratic debate in Atlanta. That’s not the role of the president of the United States,” Biden said. “If that was the judgment, that he violated the law and he should be in fact criminally prosecute

President Donald Trump hosted a previously undisclosed dinner with Facebook CEO Mark Zuckerberg and Facebook board member Peter Thiel at the White House in October, the company told NBC News on Wednesday. It is unclear why the meeting was not made public or what Trump, Zuckerberg and Thiel discussed. The White House declined to comment. The dinner was the second meeting between Zuckerberg and Trump in a month. Zuckerberg also met with the president in the Oval Office in a surprise meeting during

Jamie Grill | Getty ImagesSometimes it pays to hold off on that holiday bonus. Workers on Wall Street received an average bonus of $153,700 in 2018, according to a report from the New York State Comptroller’s office. Know your bracketIt pays to know your income tax bracket for both 2019 and 2020. This way, you lower your income tax obligation for this year. Your employer can withhold federal income taxes from your bonus at a flat 22% or may give you your bonus along with your salary and use the

President Donald Trump has scheduled a meeting Friday with vaping industry executives and public health advocates, among others, as he weighs a federal ban on flavored e-cigarettes, the White House said Wednesday. “As the President has said, there is a serious problem among our youth and their growing addiction to e-cigarettes,” White House spokesman Judd Deere said in a statement. The White House hasn’t released its invite list yet. The White House earlier this month abruptly canceled meetings

Tobacco stocks rose Wednesday as the Food and Drug Administration delayed its plan to cut nicotine levels in cigarettes to minimally or non-addictive levels. The FDA’s newly updated list does not include a regulation to reduce nicotine levels in cigarettes, a plan former FDA Commissioner Scott Gottlieb announced in July 2017. He said the agency is reviewing comments it received in response to the proposal to cap nicotine levels in cigarettes. Gottlieb announced the plan to cap the nicotine level

And “Frozen II” looks to be its sixth. Anna and Olaf from from Disney’s “Frozen II,” voiced by Kristen Bell and Josh Gad. “Frozen II” picks up not long after the end of “Frozen,” with Anna, Elsa, Kristoff, Olaf and Sven leaving Arendelle to travel to an ancient forest in a far-off enchanted land. If sales and consumer interest remain high, “Frozen II” could dethrone “Incredibles 2” and become the top animated movie opening in North America of all time. The themes of “Frozen II” are more mature t

Hong Kong bill passes the HouseCNBC’s Ylan Mui and Eunice Yoon report that a bill supporting the protesters in Hong Kong has passed the House. Discussing how it will impact trade talks, with CNBC’s Melissa Lee and the Fast Money traders, Pete Najarian, Mark Tepper, Karen Finerman and Guy Adami.