Markets: Latest Financial Topics from CNN Money

Trump is a ‘rain doctor’ during a drought
Austan Goolsbee, one of President Obama’s chief economic architects, is warning the American people not to buy what Donald Trump is selling on the economy.
Political fear is paralyzing investors 
Investors and business owners are simultaneously dealing with gridlock in Congress, rising anti-business sentiment and a U.S. election already full of wild cards.

What sequester? Defense stocks near all-time highs
Defense contractors are surging this year. The U.S. military budget hasn’t been destroyed after all. Companies are also generating more revenue from Europe and Asia. And both Donald Trump and Hillary Clinton sound pretty hawkish.

Why Janet Yellen ‘is clearly the boss’
After months of conflicting statements, Fed leaders appear to be syncing up their message behind Janet Yellen’s actions.
Brexit vote could slam the pound
The Bank of England has warned that a vote to leave the European Union could cause the British pound to fall further, “perhaps sharply.”

Nissan-Mitsubishi: A new rival for GM and Toyota?
Nissan is paying $2.2 billion for a stake in Mitsubishi Motors, and the chance to compete with Toyota and GM.

Stocks: 5 things to know before the open
Here’s what you need to know about the markets before you start your business day.
Oil billionaire: I’d cut off Muslims from coming to America
Oil billionaire Boone Pickens said he’s in favor of blocking Muslims from coming to the U.S. “until we can vet these people.” Pickens was speaking on Wednesday at the SALT hedge fund conference in Las Vegas.
Jamie Dimon calls community banker ‘a jerk’ 
Jamie Dimon called Camden Fine, a lobbyist for small banks, a jerk on CNBC Wednesday, responding to Fine’s critical comments.

The Force is strong with EA … but not Disney
Video game giant Electronic Arts surged thanks to strong earnings and sales. The company’s “Star Wars: Battlefront” game has been a big success.

How can Trump ‘print the money’?
Donald Trump says America can always pay its debt because the government can just print more money. CNNMoney explains why that’s a terrible idea.
Macy’s is in serious trouble
Read full story for latest details.
Toyota profits are being slammed by rising yen
Toyota predicts that its operating income will plunge 40% this year as Japan’s currency strengthens.

Latin America’s crusade against corruption
Brazil’s Senate will vote whether to impeach the president Wednesday. It’s far from the only ongoing corruption scandal in Latin America now.
Stocks: 5 things to know before the open
Here’s what you need to know about the markets before you start your business day.
Staples and Office Depot call off merger 
Staples and Office Depot call off plans to merge after a federal judge granted a preliminary injunction requested by the FTC, which moved to stop their merger plans in December.
Hey Millennials! This ETF is for you
A new ETF just launched that owns stocks which are supposedly big with Millennials. Think Facebook and Amazon. But also several apartment REITs too.

Who owns America’s debt?
CNNMoney breaks down who exactly owns America’s over $19 trillion in debt. It’s mostly U.S. citizens and U.S. entities.
America has near record 5.8 million job openings
There was a near record 5.8 million job openings in March, a clear sign that the country’s job skills gap remains a major issue.

7 crazy numbers about the world’s biggest oil company 
Saudi Arabia’s oil giant Aramco is the biggest oil company in the world and is said to be worth four times more than Apple.
Hedge fund kings made $13 billion last year
The average hedge fund lost money last year. But that didn’t stop the industry’s top managers from making billions.

Stocks: 3 things to know before the open
Here’s what you need to know about the markets before you start your business day.
ESPN woes hurting Disney
Disney’s stock has been flat this year. The ESPN cable network has hit a rough patch. But are investors overlooking what are likely to be extremely strong earnings from the House of Mouse’s movie studios and theme parks?
Man who foresaw oil crash bets against Saudi Arabia 
Zach Schreiber, who famously predicted oil’s crash back in 2014, is now warning of looming financial turmoil in Saudi Arabia as the kingdom grapples with cheap oil.

McDonald’s stock at all-time high
McDonald’s is trading at an all-time high and is one of the hottest stocks this year. Menu changes from CEO Steve Easterbrook seem to be doing the trick. Will garlic fries be the next big hit?

Why Donald Trump’s debt plan is reckless
Donald Trump dubs himself the “king of debt.” Experts say he doesn’t have a clue — at least when it comes to the U.S. government debt.
Mmm… Doughnut deal: Krispy Kreme bought for $1.35 billion
Krispy Kreme reached a $1.35 billion deal on Monday to be taken private by JAB Holding. The deal comes at a 25% premium to the doughnut chain’s recent closing price.
Stocks: 5 things to know before the open
Here’s what you need to know about the markets before you start your business day.
Saudi Arabia just fired its oil minister
Saudi Arabia has fired long-serving oil minister Ali al-Naimi as it seeks to limit damage from crashing oil prices.

Apple stock slumps to near 2-year low 
Apple shares are on track to close at their lowest level since June 2014, a sign of the deep level of concern about the company’s ability to resume iPhone sales growth and tackle challenges in China.

Donald Trump won’t bail out Puerto Rico
Donald Trump calls himself the ‘king of debt,’ but he says Puerto Rico has far too much debt and should not get a federal bail out.
How I bought a house at age 25
Meet the 26 year old woman from Cleveland, Ohio who already owns a house, and has a tenant, an IRA and a 401K. She’s not rich, she’s just smart with her money.

The best Kentucky Derby bet is …
Forget the horses in the Kentucky Derby. Churchill Downs, owner of the racetrack where the Run for the Roses will be held, looks like a solid wager. And that’s because the company also owns casinos and online gaming sites too.
Wheels up! Amazon is investing in airplanes
Amazon announced plans to lease cargo planes from Atlas Air. As part of the deal, Amazon could eventually own 30% of the company. This is the second deal Amazon has struck with a freight company this year.

Is China fueling a new commodities bubble?
China’s recent credit growth is fueling speculative trading in commodities markets, prompting some experts and officials to sound the alarm bell.

Podcast favorites: Bernie gets the Axe | Radical Islam in America | Graham Opposes GOP Leader
GoPro shares fall 6% after its drone is grounded 
GoPro’s drone has been grounded, causing the company’s already battered stock to lose even more altitude.

Recent podcasts: Bernie gets the Axe | Blindsided: How ISIS Shook The World | Graham Opposes GOP Leader
The rapidly growing gig economy is still super small
Only 0.5% of the total U.S. workforce uses online platforms like Uber and Taskrabbit for work, according to famed Princeton economist Alan Krueger.

Out of shape: Square tanks on bigger loss
It’s a bad week for Jack Dorsey. His mobile payments firm Square disappointed Wall Street. And Twitter recently hit an all-time low.

This oil stock crashed 29% this week
Weatherford International, one of the world’s biggest oilfield services companies, is in crisis mode. Its stock has plunged nearly 29% this week, its biggest weekly drop since 2008, amid rising concerns about a cash crunch.
Takata shares crash again: Will the airbag maker go bankrupt?
Takata’s exploding airbag scandal has hammered its reputation, soured relationships with customers and sent its stock crashing nearly 80% in a year.

Stocks: 4 things to know before the open
Here’s what you need to know about the markets before you start your business day.
The April jobs report: 5 key things to watch
CNNMoney predicts 197,000 jobs added in April and the unemployment rate remaining at 5%.
Donald Trump: ‘I’m the king of debt’
Donald Trump says he’s not afraid of debt — he even dubbed himself the “king of debt” — but he is concerned about how higher rates will impact the national debt.

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