A man cleans a PW1000G geared turbofan engine developed by MTU Aero Engines AG and Pratt & Whitney, a unit of United Technologies Corp., at the Singapore Airshow held at the Changi Exhibition Centre in Singapore. A slowdown in global manufacturing numbers has unfairly hit some cyclical stocks, creating compelling medium and long-term buying opportunities, Jefferies said Thursday. In a note titled “looking for stocks in the shadows before they’re exposed by the sun,” the firm identified stocks wi

On Sunday, February 16, Team LeBron and Team Giannis will compete in the 69th NBA All-Star Game, a midseason showdown between the top players in the league. The 2017 CBA, which will be in effect until the 2023-2024 season, declared that “for their participation in an All-Star Game, players on the winning team shall each receive $50,000 and players on the losing team shall each receive $25,000.” In 2018, the NBA doubled the compensation for the winning team, from $50,000 to $100,000, perhaps to m

Tedros Adhanom Ghebreyesus, Director-General of the World Health Organization, speaks at the 56th Munich Security Conference on Coronavirus. MUNICH — As the number of coronavirus cases surges past 60,000, WHO Director-General Tedros Adhanom Ghebreyesus called on global leaders to not politicize the deadly outbreak. “We must stop stigma and hate,” he said Saturday during an address at the Munich Security Conference. Earlier in the day, China’s Foreign Minister Wang Yi also addressed the Munich Se

MUNICH — Facebook CEO Mark Zuckerberg said Saturday that social media companies need more guidance and regulation from governments in order to tackle the growing problem of harmful online content. “To the contrary, I want us to be a force for bringing people closer together,” he said at the annual security forum. The tech boss said he now employs 35,000 people to review online content and that his teams currently suspend more than a million fake accounts each day. While in Europe, Zuckerberg is

MUNICH — As America prepares for the 2020 presidential election, Microsoft President and Chief Legal Officer Brad Smith said tech companies have a ‘fundamental responsibility’ to safeguard America’s democratic process. “We have a fundamental responsibility as companies and as a technology sector to help protect our candidates from attacks and hacking. To help protect the integrity of voting, from voting polls to voting results and certainly the voting process itself,” Smith explained at the annu

A logo is displayed next to a gas turbine at the General Electric Co. (GE) energy plant in Greenville, South Carolina, U.S., on Tuesday, Jan. 10, 2017. General Electric Co. is scheduled to release earnings figures on January 20. The Trump administration may stop exporting jet engines manufactured partly by General Electric to China for the country’s airliner, over fears that the Chinese could mimic the production techniques, The Wall Street Journal reported. The move could have steep impact on G

Goodboy Picture CompanyA hot tax-advantaged opportunity is making the rounds among financial advisors. Bloomberg | Getty ImagesTo qualify for the tax break, you must roll in a significant amount of capital gains. Tax landminesAccountants warn that the hype around the advantages of these funds may distract advisors from tax-planning risks. There’s also the risk that a client could wind up deferring capital gains well into a time when taxes are higher. Major risksThomas BarwickAside from the surpr

Five stocks in the S&P 500 have amassed the highest number of “buy” ratings from Wall Street firms, making them analysts’ most-loved plays. “It’s literally the stock of the decade going forward, in my opinion,” Schlossberg said. Still, Schlossberg wasn’t convinced now was the right time for investors to pile full force into PayPal. I’d buy maybe half a position or a quarter-position here, or just sell puts until I got to about 10 or 15% below current price. PayPal shares closed at $122.99 on Fri

Details and information are projected on a screen during the announcement of the The NBA-backed Basketball Africa League (BAL) at the Museum of Black Civilisations in Dakar, on July 30 2019. The Basketball Africa League is set after the 12 teams that will participate in the inaugural season next month were announced during the National Basketball Association’s 2020 All-Star Weekend in Chicago. Basketball clubs from Algeria (GSP), Cameroon (FAP), Madagascar (GNBC), Mali (AS Police), Mozambique (F

The number of employed workers age 65 or older rose by 697,000 — about 36% of the total gain. Another possible reason for increased participation by older workers is changing education levels, Madowitz said. These are folks who were 50 years old then, 55, looking to retire in three or four years time, lost their jobs, lost their homes, lost their retirements. The majority of the people that come to us are people who have continued to work,” Wolniewicz said. Some older workers still need to work

The DF Dent Premier Growth fund racked up a 42.9% return in 2019, according to Morningstar. This was 11 percentage points higher than the average of large cap growth funds surveyed by Morningstar. For more on how the managers pick stocks for the fund, read here. It typically has between 50% and 75% of its holdings in large cap stocks, according to securities filings. Its holdings, current as of Dec. 31, reveal a mix of large cap financial and payments stocks and overweight bets on smaller compan

In Uber’s earnings report last week, the acronym EBITDA showed up 42 times. The term showed up 33 times in Lyft’s report this week, while Yelp included it 39 times in its earnings release after the close of trading on Thursday. Berkshire Hathaway Vice Chairman Charlie Munger describes it another way: “bulls— earnings.” To get to EBITDA, companies take bottom-line net income (or loss), based on generally accepted accounting principles (GAAP), and then add back in items they had counted as costs

The portfolio manager who helps run a mutual fund that consistently beats the market and its peers said the key to his success is being able to wait for stocks to pop. The fund typically has around 40 stocks in its portfolio, with most of the holdings being large cap stocks. About 10% of holdings are small cap stocks, which the fund defines as market caps under $3 billion. Being able to take a longer view gives the fund an advantage over other traders, Kennedy said. “I had a former boss who shar

Shares of the Elon Musk-led company have posted moves of at least 1% in 23 of the 31 trading days this year through Friday’s close. The stock also fell 0.4% in volatile trading on Friday after Tesla priced its $2 billion secondary stock offering at $767 per share. CNBC talked to professionals trading Tesla’s swings. Trading the stockMike Katz, partner at New York-based proprietary trading shop Seven Points Capital, said they are trading Tesla on a short-term basis using the previous day’s highs

US Secretary of State Mike Pompeo adresses the audience on the podium during the 56th Munich Security Conference in Munich on February 15, 2020. MUNICH — Secretary of State Mike Pompeo on Saturday defended the United States’ foreign policy approach and dismissed criticisms that the Trump administration disregards international alliances. The West is winning, and we’re winning together,” Pompeo said in a speech at the Munich Security Conference. “Our closest ally, the United States of America, un

An 80-year-old Chinese tourist has died of the new coronavirus in a hospital in France, French Health Minister Agnes Buzyn said Saturday, confirming the first fatality from the fast-spreading respiratory virus in Europe. “I was informed last night of the death of the 80-year-old patient who has been hospitalized at Bichat hospital since January 25, and who was suffering from a coronavirus pulmonary infection,” Buzyn said in a televised statement. France has 11 confirmed cases of the illness, wit

Giant letters, reading the word ‘blockchain’, are displayed at the blockchain centre, which aims at boosting start-ups, on February 7, 2018 in Lithuania’s capital Vilnius. BEIJING – As Chinese authorities rush to support businesses struggling to survive the effects of the new coronavirus, blockchain technology is showing its potential in an archaic financing system. Privately-run, smaller businesses are among the hardest hit by the virus’ disruptions. For the Chinese platform pilot, a state medi

U.S. Defense Secretary Mark Esper told CNBC he was “reluctant” to call the temporary truce agreement Washington reached with the Taliban on Friday a victory or a loss. The truce agreement that the U.S. reached with the Taliban was a plan for “a reduction in violence” in Afghanistan, Esper told CNBC’s Hadley Gamble on Saturday. Asked whether it was a triumph for the U.S., Esper said: “I’m reluctant to call things victories or losses, but I think it’s the way forward. This would see the U.S. withd

NATO Secretary General Jens Stoltenberg told CNBC that if the U.S. is concerned about the rise of China then it was “even more important to maintain NATO to keep your friends and allies close.” The alliance put the issue of China on its agenda for the very first time at an event in London in December. At the time, Stoltenberg told CNBC that the rise of the Asian powerhouse provided some “obvious opportunities but also some obvious challenges.” Stoltenberg said Saturday that the “important messag

Wang Yi, Foreign Minister of China, speaks on the second day of the 56th Munich Security Conference. MUNICH — China’s Foreign Minister said Saturday that the Chinese economy — the second-largest in the world — will emerge stronger from the deadly coronavirus outbreak, even as confirmed cases of the disease surge past 66,000. Its pent up consumer demand and growth potential will be quickly unleashed and China will enjoy evermore sound and sustainable economic and social development,” Chinese Fore