Finance

GDP to exceed 7.3% in this fiscal, to go higher next yr: FM Jaitley

The economic growth is expected to exceed 7.3 per cent in the current fiscal year and go higher still in the next one, Finance Minister Arun Jaitley said on Monday. “(The) Indian economy is expected to grow better than 7.3 per cent – the level achieved last fiscal year – and at an even higher level next year,” Jaitley told ... Read More »

Rupee extends gains to end at 66, up 10 paise

The rupee on Monday continued its upward march against the US dollar for the third day, firming up by another 10 paise to 66 on fag-end selling of the American currency by banks and exporters on the back of lower greenback in the overseas market. The rupee resumed lower at 66.20 per dollar as against the last Friday’s closing level ... Read More »

Early movers: PBY, CSCO, FCX, RIG, WFM, GRUB, JPM, VRX & more

Check out which companies are making headlines before the bell: Cisco Systems — A U.S. court of appeals ruled the tech giant did not infringe a patent holding company’s Wi-Fi technology, reversing a near $64 million judgment against it. Freeport-McMoRan — Shares of the gold and copper producer rose nearly 2 percent in the premarket, bouncing back from a 9.51 ... Read More »

Cashin says: Crude weighing on markets

U.S. equities are being pressured once again by falling oil prices, Art Cashin, UBS’ director of floor operations, said Monday. “If WTI breaks below $37, it will put some extra weight on the market. I think they’re still trying to absorb those two big up days that they had. We may have cheated Santa Claus out of a couple of ... Read More »

ETFs are again beating mutual funds, here’s why

While most investors look at mutual fund and ETF prices as a gauge of success, flows — the money going in and out — is sometimes a better indicator of investor sentiment. Despite the market fluctuations, it was another big year for ETFs in 2015: Money flowed into equity and bond ETFs, while money flowed out of mutual funds. Here ... Read More »

Why it feels like everyone is on vacation

Sitting at your desk wondering where all of your co-workers went? Welcome to the club — but there are only a handful of members. Only 59 percent of U.S. workers will work at least part of the week of Dec. 28 — and over a quarter, or 28 percent, will take the entire week off, according to a recent report ... Read More »

Investors lay bets for sector wins in 2016

As global capital seeks greater returns in a safe environment, the market is going to rise at least 5 percent and maybe as much as 8 percent between here and March, said Hank Mulvihill, principal at Mulvihill Asset Management. “Global capital can come to the United States and be extremely well treated,” he said, speaking to CNBC’s “Power Lunch” on ... Read More »

Nasdaq set to delist Shkreli’s former firm KaloBios

The Nasdaq exchange has notified KaloBios Pharmaceuticals, a small company previously run by the embattled Martin Shkreli, that it plans to delist its shares, KaloBios said Wednesday. The company — which has not traded since Thursday — has not decided whether to appeal the decision. If KaloBios does not respond by Dec. 28, trading in its shares will be suspended ... Read More »

Cramer Remix: This stock is a money machine!

When Jim Cramer took a look back at the past 12 months on the stock market, he officially declared it the year of the haves and the have-nots. “The disparity within groups is extraordinary this year; the gulf between the winners deep and wide and pretty much unfathomable,” the “Mad Money” host said. In fact, a few examples of the ... Read More »

Apple iPhone faces rough times: UBS analyst

and improve the device’s functionality, but the company’s best-selling product faces near-term headwinds, UBS analyst Steven Milunovich said Tuesday. “I think it’s going to be a little bit rough here for next one to two quarters. We’re looking for pretty flat to down in the March quarter shipments,” he told CNBC’s “Squawk Box.” Google search traffic for the iPhone is ... Read More »