As businesses in the United States, China and beyond sorted through the details of the new U.S.-China trade agreements, many said they are disappointed that the 100-day plan missed larger issues such as overcapacity, forced technology transfer and equal treatment of U.S. companies. “Meaningful, yes. All progress on market access is well-received by the business community. We have to see if the Chinese live up to their promises. [The American Chamber of Commerce] and we had all hoped for a broad

“Big picture, the near term looks good and the longer term looks scary,” Dalio wrote in a LinkedIn blog post Friday. Economic growth “at or near its best” with no major economic risks in the next two years. Social and political conflicts “near their worst for the last number of decades.” Productivity necessary for raising living standards is low, while social tensions over income inequality and politics are increasing, the hedge fund manager said. “Since such tensions are normally correlated wit

David Tepper’s Appaloosa Management sold its stake in JCPenney in the first quarter, according to an SEC filing Friday. The firm also took a very small stake in Snap and bought call options for the SPDR S&P 500 ETF (SPY). Call options give investors the right to acquire a stock in the future at a preset price. The hedge fund had boosted its stake in Allergan in the fourth quarter. The hedge fund also added positions in AK Steel, Bank of America, CBS and General Motors.

April’s 0.4 percent gain in retail sales, while below estimates, still signaled that consumers are reasonably healthy but may have changed spending patterns. One bright spot was that March headline retail sales were revised higher to show a slight 0.1 percent gain, from a decline. Wal-Mart reports earnings this Thursday, and TJX and Home Depot report Tuesday in another week dominated by retailers’ earnings. “That’s why we think, even though we have such a stellar first-quarter earnings season, t

A financial intelligence unit within the Treasury Department has agreed in principle to turn over financial records related to President Donald Trump and associates, NBC News confirmed Friday, citing a person close to the Senate Intelligence Committee. The committee’s bipartisan investigation into Russia’s meddling in the 2016 election is also looking into whether there was collusion between Moscow and the Trump campaign. CNBC and NBC News first reported on Wednesday that the committee requested

Wall Street might be a little too confident in President Donald Trump’s ability to get tax reform done in the near term, analysts at Goldman Sachs said this week. Goldman noted policy uncertainty is growing as the Republican-led Congress tries to tackle a number of issues, including tax reform, with the House being in session for just 39 days before the August recess. But Wall Street has only received scant clues about what tax reform in the Trump era would look like and how it would be implemen

Hospitals and doctors’ surgeries across England were forced to turn away patients and cancel appointments on Friday after a nationwide ‘ransomware’ cyber attack crippled some computer systems in the state-run health service. The National Health Service (NHS) said 16 organizations had been affected by the cyber attack but said it had not been specifically targeted. Britain’s National Cyber Security Centre, part of the GCHQ spy agency, said it was aware of a cyber incident and was working with NHS

And the habit among its original users to share only a little about themselves, only briefly and not with everyone, may act as a brake on revenue growth as the app looks to go mainstream. Spiegel was asked several times on a conference call to discuss the company’s disappointing first-quarter numbers and what Snapchat could do to add more users. That comment was lost a bit amid the buzz about his response to a later question about whether he was “afraid of Facebook.” If enough of its users still

When you enable the Echo’s calling and messaging features, Amazon accesses your contacts list to determine who else has an Echo device in their home. Amazon wants Alexa calling and messaging to gain popularity, so it’s taking a broad approach to populate that list quickly. And it’s not a two-way handshake; if someone has your phone number, they can reach you — even if that person isn’t in your contacts list. This FAQ page currently says that “Amazon Customer Service is not able to see or review

T-Mobile has a current market value of $54 billion compared with Sprint’s $32 billion, according to FactSet. Given the size of the companies a merger between the two wireless carriers would be the largest deal of the year. Johnson & Johnson’s $31.4 billion acquisition of Actelion in January was the biggest deal so far in 2017, according to Dealogic data. “The deal will face huge regulatory scrutiny, and previous talks for Sprint to buy T-Mobile fell through in 2014 because of regulatory concerns

Reuters reported that employees of Britain’s National Health Service were warned about the ransomware threat earlier on Friday. Britain’s health’s secretary, Jeremy Hunt, was briefed by cybersecurity experts, while Prime Minister Theresa May’s office said she was monitoring the situation. The attack on the National Health Service seemed perhaps the most audacious of the attacks, because it had life-or-death implications for hospitals and ambulance services. The service’s digital arm said in a st

Oppenheimer analyst Andrew Uerkwitz, who covers Corning, believes Apple is developing wireless charging technology for the next generation of iPhones, as has been previously suggested by other analysts. “Metal can interfere with wireless charging technology,” he told CNBC. “That means you need glass on the back of the phone, but glass that won’t break. Patrick Moorhead of Moor Insights has a different take: He thinks the investment is for Apple’s rumored augmented reality glasses. Moorhead also

He called the company “the ultimate A.I. company” and “the ultimate start-up,” applauding the e-commerce colossus for knowing what people will need before they need it. To further prove Cuban’s point, Cramer turned to retailer Nordstrom’s Thursday post-earnings conference call. And while Cuban did not put Apple in the same class as the rest, Cramer noted that the investment guru did not make an argument against it. Mad Money Twitter – Jim Cramer Twitter – Facebook – Instagram – VineQuestions, co

“What we’re really about is helping people see and understand data, and then eventually taking action based on that,” Selipsky told Cramer on Friday. “With Tableau, everybody can pull from the same data sources, can share views of their data. Cramer also spoke with Joe Kiani, the chairman and CEO of medical device maker Masimo Corporation, on Friday to discuss his company and a recent reporting error that caused its stock to unjustly tank. They took the top three to five countries where a millio

Dan Loeb’s Third Point exited its position in Apple and bought shares of Snap and Hewlett Packard Enterprise in the first quarter, according to a SEC filing Friday. The hedge fund also added positions in T-Mobile, Salesforce.com, Qualcomm, Celanese and Pioneer Natural Resources. Third Point closed positions in Molson Coors Brewing, Union Pacific, and a small stake in Goldman Sachs, among others. However, traders are increasingly worried that tax reform may be delayed. Information technology has

As similar widespread ransomware attacks were reported in Spain, Romania and elsewhere, experts warned that online extortion attempts by hackers are a growing menace. Spain, meanwhile, activated a special protocol to protect critical infrastructure in response to the “massive infection” of personal and corporate computers in ransomware attacks. The Spanish government said several companies had been targeted in ransomware cyberattack that affected the Windows operating system of employees’ comput

Microsoft said on Friday its engineers had added detection and protection against a ransomware attack that had disrupted hospitals in England and infected computers in dozens of other countries around the world. “Today our engineers added detection and protection against new malicious software known as Ransom:Win32.WannaCrypt,” a Microsoft spokesman said in a statement. It said the company was working with its customers to provide additional assistance.

Facebook is becoming “more and more like Twitter than it is like Snapchat,” former Yahoo interim CEO Ross Levinsohn told CNBC on Friday. “I go to Facebook, and I’m seeing more and more fake news, it’s really heavy, heavy politics,” he said. The media executive, who is bullish on Snap, said he doesn’t even want to put Snapchat into the social media category. “I think it’s a communications platform and I think it’s a creative platform,” he said. “I think Evan and team are creating the most unique

I tried to use the Samsung Galaxy S8 as my work computer. Samsung is offering a $150 accessory called the DeX Station that plugs your smartphone into a monitor, a keyboard and a mouse. The idea is that you can leave your laptop behind and use the DeX dock with your smartphone instead. Microsoft made a similar attempt a couple of years ago with Windows Phone 10 and a feature called “Continuum” that ultimately flopped. To find out, I decided to write this entire experience and review of the DeX St

Investors should buy Chemours because earnings will top expectations next year from rising demand for its air conditioner chemicals, according to JPMorgan, which raised its rating on the company to overweight from neutral. “The simple and broad outline of the investment case for Chemours is that the company has a proprietary set of very profitable newer generation refrigerants with patent lives extending to 2022 with excellent growth potential,” analyst Jeffrey Zekauskas wrote in a note to clien