A container of Dean Foods Co. Dairy Pure brand sour cream is displayed for a photograph in Dobbs Ferry, New York, U.S., on Wednesday, Feb. 20, 2019.Tiffany Hagler Geard | Bloomberg | Getty ImagesDairy Farmers of America announced Monday that it has agreed to buy Dean Foods, America's largest milk producer, for $425 million.The dairy…
Luke Sharrett | Bloomberg | Getty ImagesPier 1 announced Monday that it began Chapter 11 bankruptcy proceedings in Virginia and that it is pursuing a sale of the company.The home furnishings chain said in a release that it filed for bankruptcy in the U.S. Bankruptcy Court in Richmond, Virginia, after warning in less than two months…
Marcus Morris steadies the boat as his neighbor Chris Sharp readies the trolling motor for another trip through their Pearl River flooded neighborhood in Jackson, Miss., Sunday, Feb. 16, 2020.Rogelio V. Solis | APWith the waters in the Pearl River continuing to rise in and around Mississippi's capital city and more rain on the way…
In this photo illustration, the Huawei logo and Chinese flag is seen displayed on an Android mobile phone.Omar Marques | LightRocket | Getty ImagesChina has accused the U.S. of double standards in its criticisms of telecommunications giant Huawei, bringing up a past allegation that Washington tapped the phone of German Chancellor Angela Merkel.The U.S. has…
When it comes to your daily expenses, such as groceries, gas and entertainment, you may not think twice about how you pay for them. Perhaps you swipe your Citi® Double Cash Card to earn 2% cash back, or your Chase Sapphire Reserve® to get 3X points on travel.But as with all things money, there is…
Just five stocks on the S&P 500 have a hefty price tag of more than $1,000 a share.Those names range from the more well-known such as Amazon, Alphabet and Booking to the less-talked-about AutoZone and home construction company NVR.Two traders who spoke with CNBC's "Trading Nation" say they will only splash cash on two of…
Employees assist customers with online pickup orders at a Walmart Inc. store in Burbank, California, U.S., on Monday, Nov. 19, 2018.Patrick T. Fallon | Bloomberg | Getty ImagesAs Walmart's online sales grow, the retailer has seen another number grow, too: Its e-commerce losses. Analysts are waiting to see whether those losses have peaked or if…
The freight traffic center in the Gruenheide region east of Berlin. Tesla plans to build its new European Gigafactory in a huge forest nearby.Patrick Pleul | picture alliance via Getty ImagesTesla has been ordered by a German court to temporarily halt preparations for its new European factory.Environmental activists had raised concerns with the electric carmaker's…
A Meituan food delivery worker on motorcycle in the rain in Futian Central Business District, Shenzhen, China.FroggyFrogg | iStock Editorial | Getty ImagesBars in major Chinese cities are delivering their happy hour drinks deals to customers' places of residence as a large number of people remain stuck indoors because of the outbreak of the new…
Mary Barra, Chairman and CEO of General Motors.Bill Pugliano | Getty ImagesGeneral Motors is continuing a years-long global restructuring to concentrate on high-profit markets such as North America and China.The Detroit automaker said Sunday that it will "wind down" its sales, design and engineering operations in Australia and New Zealand and discontinue its Holden brand…
Malaysia flag seen on the top of Palace of Justice building's dome.Faris Hadziq | SOPA Images | LightRocket via Getty ImagesMalaysia has barred the entry of remaining passengers from a cruise ship docked in Cambodia — after an American passenger tested positive for the new coronavirus upon her arrival in Kuala Lumpur.Confirming local media reports,…
Germany's Chancellor Angela Merkel gestures as she addresses media representatives after a European Union (EU) summit.JOHN THYS | AFP | Getty ImagesGermany accounts for nearly one-third of the euro area economy, and its bilateral goods trade with Europe and the U.S. represented last year 1.8 trillion euro ($2 trillion).The German trade, therefore, has a substantial…
Iran's Foreign Minister Mohammad Javad Zarif takes part in the panel discussion 'A conversation with Iran' during the 56th Munich Security Conference in Munich on February 15, 2020.Thomas Kienzle | AFP via Getty ImagesMUNICH — Iranian foreign minister Mohammad Javad Zarif called the deadly U.S. strike on Iran's top military leader an "act of terror"…
In the streets of Ginza district of Tokyo, Japan.Shiho Fukada | Bloomberg | Getty ImagesJapan's economy shrank at the fastest pace in six years in the December quarter as a sales tax hike and soft global demand hurt consumption and capital expenditure, keeping policymakers under pressure to prop up growth with additional stimulus. The hit to the world's third-largest…
Stocks are within a whisker of all-time highs.The S&P 500 ended Friday just 0.2% from records after bouncing more than 1% for the week.But, top market bull Jeffrey Saut isn't trusting one outperforming sector that carried the index to these heights."I'm not a big fan of utilities here," Saut, chief investment strategist at Capital Wealth…
Chinese Foreign Minister Wang Yi makes a speech during the 56th Munich Security Conference at Bayerischer Hof Hotel in Munich, Germany on February 15, 2020.Abdulhamid Hosbas | Anadolu Agency via Getty ImagesMUNICH — China's Foreign Minister Wang Yi said Saturday that U.S. criticisms of Beijing were "lies" and blamed Washington for the tumultuous relationship between…