Twitter shares pop after Bank of America upgrades to buy and says younger demo is using platform

Twitter shares jumped on Thursday after Bank of America Merrill Lynch upgrade the stock, citing increased usage by younger people and more engagement by its current users. Bank of America raised the stock to buy from neutral and took the firm’s price target to $39 from $31. “Nine percent of users indicated they planned to user Twitter more next year, up from 6 percent in our 2Q survey.” “If Twitter can continue to improve engagement and targeting and build out its direct response advertiser base


Twitter shares jumped on Thursday after Bank of America Merrill Lynch upgrade the stock, citing increased usage by younger people and more engagement by its current users. Bank of America raised the stock to buy from neutral and took the firm’s price target to $39 from $31. “Nine percent of users indicated they planned to user Twitter more next year, up from 6 percent in our 2Q survey.” “If Twitter can continue to improve engagement and targeting and build out its direct response advertiser base
Twitter shares pop after Bank of America upgrades to buy and says younger demo is using platform Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-10  Authors: john melloy, anushree fadnavis
Keywords: news, cnbc, companies, strong, shares, platform, arpu, users, significantly, bank, younger, user, facebook, using, pop, stock, twitter, upgrades, buy, suggest, demo


Twitter shares pop after Bank of America upgrades to buy and says younger demo is using platform

Twitter shares jumped on Thursday after Bank of America Merrill Lynch upgrade the stock, citing increased usage by younger people and more engagement by its current users.

Bank of America raised the stock to buy from neutral and took the firm’s price target to $39 from $31. The stock was up by more than 3 percent in after hours trading Thursday to $33.45.

“Churn remains elevated, but improving metrics in the 18-29 demographic suggest more younger users are turning to Twitter,” stated the Thursday note to clients, which cited a social media user survey by the firm. “Nine percent of users indicated they planned to user Twitter more next year, up from 6 percent in our 2Q survey.”

Twitter closed Wednesday at $32.25, up more than 30 percent over the last 12 months. Facebook is down more than 20 percent over that same period.

“While Twitter has significantly less time spent per user than Facebook, monetization is also significantly lower than the $25 ARPU Facebook will generate globally in 2018, and $108 in the U.S.,” the note said. “If Twitter can continue to improve engagement and targeting and build out its direct response advertiser base, comps suggest opportunities for significant ARPU increases.” (ARPU is average revenue per user.)

Along with the strong user data, the firm also believes Twitter will be a “strong play” as more advertising dollars go to video ads online.

— With reporting by Michael Bloom


Company: cnbc, Activity: cnbc, Date: 2019-01-10  Authors: john melloy, anushree fadnavis
Keywords: news, cnbc, companies, strong, shares, platform, arpu, users, significantly, bank, younger, user, facebook, using, pop, stock, twitter, upgrades, buy, suggest, demo


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Wild swings, a government shutdown and Fed fears: Stocks wrap up 2 weeks of ‘disturbing’ moves

Source: FactSetWall Street’s wild ride began on Dec. 17, with the S&P 500, Dow and Nasdaq all dropping more than 2 percent. These concerns pushed the S&P 500 down 7 percent last week, while the Nasdaq plunged 8.4 percent. The S&P 500 also entered bear-market territory on Monday. “The markets are grappling with solid U.S. earnings and solid concurrent economic indicators. “But that’s getting pitted against significantly poor or significantly worsening leading economic indicators here at home and


Source: FactSetWall Street’s wild ride began on Dec. 17, with the S&P 500, Dow and Nasdaq all dropping more than 2 percent. These concerns pushed the S&P 500 down 7 percent last week, while the Nasdaq plunged 8.4 percent. The S&P 500 also entered bear-market territory on Monday. “The markets are grappling with solid U.S. earnings and solid concurrent economic indicators. “But that’s getting pitted against significantly poor or significantly worsening leading economic indicators here at home and
Wild swings, a government shutdown and Fed fears: Stocks wrap up 2 weeks of ‘disturbing’ moves Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-28  Authors: fred imbert
Keywords: news, cnbc, companies, moves, dow, sp, dec, 500, weeks, fell, wild, disturbing, fed, thats, indicators, nasdaq, economic, swings, fears, stocks, shutdown, wrap, significantly


Wild swings, a government shutdown and Fed fears: Stocks wrap up 2 weeks of 'disturbing' moves

Source: FactSet

Wall Street’s wild ride began on Dec. 17, with the S&P 500, Dow and Nasdaq all dropping more than 2 percent. Fears of a slowing economy and worries over the course and speed of Federal Reserve monetary policy pressured stocks that day.

On Dec. 19, Fed fears came to a head after Chairman Jerome Powell said he did not anticipate the central bank changing its strategy for trimming its massive balance sheet. Those comments pushed down the broad indexes down another 2 percent that day.

Stocks again fell sharply later in the week as the likelihood of a U.S. federal government shutdown increased. Congress and the Trump administration failed to reach an agreement on funding for a wall along the U.S.-Mexico border. President Donald Trump has said the wall is key to national security, while opponents of the barrier think it will not solve the immigration issues plaguing both countries.

These concerns pushed the S&P 500 down 7 percent last week, while the Nasdaq plunged 8.4 percent. The Dow, meanwhile, dropped 6.9 percent.

All of these concerns set the stage Monday for the worst Christmas Eve ever in the U.S. stock market. The Dow and S&P 500 both fell more than 2.5 percent while the Nasdaq slid 2.2 percent. The S&P 500 also entered bear-market territory on Monday.

“It was the perfect storm of negativity,” Chaikin said. “What I think we’ve seen is a crisis of confidence in Washington. It’s sort of unprecedented and so the extremes in sentiment are all at bear-market low extremes.”

“There’s been panic and fear. When you’re in conditions like that, you never know when they’re going to reverse,” he added.

These moves took place against a backdrop of economic uncertainty as a series of leading indicators showed signs of a slowdown.

On Dec. 14, IHS Markit said its U.S. composite output index fell to 53.6 for December, a 19-month low. IHS Markit’s services and manufacturing PMIs also dropped to their lowest levels in about a year. A reading above 50 represents expansion.

“The markets are grappling with solid U.S. earnings and solid concurrent economic indicators. That’s the good news,” said Dave Haviland, managing partner at Beaumont Capital Management. “But that’s getting pitted against significantly poor or significantly worsening leading economic indicators here at home and significantly worse performance overseas.”

“We’ve got a lot of the ingredients for a re-pricing exercise and that’s basically what the markets are going through,” Haviland said.


Company: cnbc, Activity: cnbc, Date: 2018-12-28  Authors: fred imbert
Keywords: news, cnbc, companies, moves, dow, sp, dec, 500, weeks, fell, wild, disturbing, fed, thats, indicators, nasdaq, economic, swings, fears, stocks, shutdown, wrap, significantly


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Intel and TPG in talks to sell McAfee to Thoma Bravo for significantly more than $4.2 billion

Private equity firm Thoma Bravo is in early discussions to acquire security software company McAfee from TPG and Intel for a significant premium over the company’s 2016 $4.2 billion valuation, according to people familiar with the matter. Several months later, TPG brought on Thoma Bravo to make a minority investment. Reuters reported in November that Thoma Bravo had approached Symantec with a takeover offer. A spokesman for Thoma Bravo did not immediately respond. Correction: When Intel sold its


Private equity firm Thoma Bravo is in early discussions to acquire security software company McAfee from TPG and Intel for a significant premium over the company’s 2016 $4.2 billion valuation, according to people familiar with the matter. Several months later, TPG brought on Thoma Bravo to make a minority investment. Reuters reported in November that Thoma Bravo had approached Symantec with a takeover offer. A spokesman for Thoma Bravo did not immediately respond. Correction: When Intel sold its
Intel and TPG in talks to sell McAfee to Thoma Bravo for significantly more than $4.2 billion Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-14  Authors: alex sherman, justin sullivan, getty images
Keywords: news, cnbc, companies, tpg, mcafee, deal, security, significantly, intel, thoma, billion, 42, bravo, valuation, sell, talks


Intel and TPG in talks to sell McAfee to Thoma Bravo for significantly more than $4.2 billion

Private equity firm Thoma Bravo is in early discussions to acquire security software company McAfee from TPG and Intel for a significant premium over the company’s 2016 $4.2 billion valuation, according to people familiar with the matter.

Talks may still fall apart and a deal announcement isn’t expected soon, said the people, who asked not to be named because the discussions are private.

McAfee, founded by John McAfee in 1987, historically developed cybersecurity software for personal computers and servers, protecting users from malware and other viruses. This type of computer security prevented attacks on personal devices. More recently, it has expanded into mobile devices and cloud computing, which is where hackers have migrated.

The company was publicly traded until 2010, when Intel bought it for $7.6 billion. The chipmaker hoped to closely align its chips with McAfee’s security technology. That vision didn’t pan out for Intel, which took a haircut of more than $3 billion when it sold 51 percent of the business to TPG in a deal announced in 2016 at a valuation of $4.2 billion. Several months later, TPG brought on Thoma Bravo to make a minority investment.

TPG’s majority ownership has helped transform the McAfee business in less than two years with add-on acquisitions. In January, McAfee closed its takeover of Skyhigh Networks, which helps companies monitor which cloud services employees are using. In March, McAfee also acquired Tunnelbear, which provides virtual private networks that protect data when using shared WiFi accounts.

Intel sees itself as purely a financial investor in McAfee now, according to one of the people. Still, Intel has participated in the recent value creation of the standalone McAfee by holding its minority stake and stands in line to recoup some of the lost value if the Thoma Bravo deal goes though. A deal would unify the ownership of McAfee and could put it in position to go public again, two of the people said.

Reuters reported in November that Thoma Bravo had approached Symantec with a takeover offer. A deal for McAfee would rule out a Symantec purchase, one of the people said.

Spokespeople for TPG and Intel declined to comment. A spokesman for Thoma Bravo did not immediately respond.

–CNBC’s Jon Fortt contributed to this report.

Correction: When Intel sold its partial stake in McAfee to TPG in 2016, McAfee’s total valuation in that transaction was $4.2 billion.


Company: cnbc, Activity: cnbc, Date: 2018-12-14  Authors: alex sherman, justin sullivan, getty images
Keywords: news, cnbc, companies, tpg, mcafee, deal, security, significantly, intel, thoma, billion, 42, bravo, valuation, sell, talks


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Goldman Sachs believes the US economy will slow to a crawl next year

Goldman Sachs believes the U.S. economy will slow significantly in the second half of next year as the Federal Reserve continues to raise interest rates and the effects of the tax cut fade. “We expect tighter financial conditions and a fading fiscal stimulus to be the key drivers of the deceleration.” The bank sees the economy expanding at 2.5 percent in the fourth quarter of this year, down from 3.5 percent last quarter. Goldman sees the Fed raising rates this December and then four more times


Goldman Sachs believes the U.S. economy will slow significantly in the second half of next year as the Federal Reserve continues to raise interest rates and the effects of the tax cut fade. “We expect tighter financial conditions and a fading fiscal stimulus to be the key drivers of the deceleration.” The bank sees the economy expanding at 2.5 percent in the fourth quarter of this year, down from 3.5 percent last quarter. Goldman sees the Fed raising rates this December and then four more times
Goldman Sachs believes the US economy will slow to a crawl next year Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-19  Authors: john melloy
Keywords: news, cnbc, companies, rates, quarter, economy, crawl, wrote, recession, bank, believes, note, sachs, significantly, slow, sees, goldman, reach


Goldman Sachs believes the US economy will slow to a crawl next year

Goldman Sachs believes the U.S. economy will slow significantly in the second half of next year as the Federal Reserve continues to raise interest rates and the effects of the tax cut fade.

“Growth is likely to slow significantly next year, from a recent pace of 3.5 percent-plus to roughly our 1.75 percent estimate of potential by end-2019,” wrote Jan Hatzius, chief economist for the investment bank, in a note to clients on Sunday. “We expect tighter financial conditions and a fading fiscal stimulus to be the key drivers of the deceleration.”

The bank sees the economy expanding at 2.5 percent in the fourth quarter of this year, down from 3.5 percent last quarter. Real GDP growth will come in at 2.5 percent again in the first quarter of 2019, but then will slow to 2.2 percent, 1.8 percent and 1.6 percent in the next three quarters, respectively.

Goldman sees the Fed raising rates this December and then four more times in 2019. It will do so because inflation will reach 2.25 percent by the end of next year because of tariffs and increasing wages, the bank predicted, noting there was also a chance of an “inflation overshoot.”

“With a large overshoot of its labor market target under way, the FOMC will likely be reluctant to stop until it is confident that the unemployment rate is no longer on a downward trajectory, a point we expect to reach only in early 2020,” the note said.

But the bank doesn’t believe growth will actually turn negative anytime soon.

“For now, neither overheating risks nor financial imbalances — the classic causes of US recessions — look worrisome,” Hatzius wrote. “As a result, the expansion is on course to become the longest in US history next year, and even in subsequent years recession is not our base case.”

— With reporting by CNBC’s Michael Bloom .

WATCH: How the Fed could cause the next recession, according to Gary Shilling


Company: cnbc, Activity: cnbc, Date: 2018-11-19  Authors: john melloy
Keywords: news, cnbc, companies, rates, quarter, economy, crawl, wrote, recession, bank, believes, note, sachs, significantly, slow, sees, goldman, reach


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Google reportedly plans to significantly expand its New York City presence

Tech giant Google is planning to expand its office space in New York City, potentially allowing the company to significantly increase staffing in the city, according to a report from The Wall Street Journal. The WSJ said that Google declined to comment on any talks about the St. John’s Terminal property. Additionally, Google is also planning to expand its existing property at Chelsea Market by about 300,000 square feet, the Journal reported. That, along with its announced plans for 250,000 squar


Tech giant Google is planning to expand its office space in New York City, potentially allowing the company to significantly increase staffing in the city, according to a report from The Wall Street Journal. The WSJ said that Google declined to comment on any talks about the St. John’s Terminal property. Additionally, Google is also planning to expand its existing property at Chelsea Market by about 300,000 square feet, the Journal reported. That, along with its announced plans for 250,000 squar
Google reportedly plans to significantly expand its New York City presence Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-08  Authors: saheli roy choudhury, bryan r smith, afp, getty images
Keywords: news, cnbc, companies, reportedly, wall, tech, york, street, office, expand, space, significantly, city, presence, st, plans, terminal, google


Google reportedly plans to significantly expand its New York City presence

Tech giant Google is planning to expand its office space in New York City, potentially allowing the company to significantly increase staffing in the city, according to a report from The Wall Street Journal.

People familiar with the matter told the Journal that Google is nearing a deal to buy or lease a planned 1.3 million-square-foot office building at St. John’s Terminal in Manhattan’s West Village neighborhood. When completed, that building would give the Alphabet unit space for more than 8,500 staff.

Google did not immediately respond to CNBC’s emailed request for comment.

The WSJ said that Google declined to comment on any talks about the St. John’s Terminal property.

Additionally, Google is also planning to expand its existing property at Chelsea Market by about 300,000 square feet, the Journal reported. That, along with its announced plans for 250,000 square feet of office space at Pier 57, could provide sufficient office space for more than 3,500 additional workers, the newspaper said.

The tech giant bought the Chelsea Market property earlier this year for about $2.4 billion.

Read The Wall Street Journal’s full report on Google expanding its office space in New York City here.


Company: cnbc, Activity: cnbc, Date: 2018-11-08  Authors: saheli roy choudhury, bryan r smith, afp, getty images
Keywords: news, cnbc, companies, reportedly, wall, tech, york, street, office, expand, space, significantly, city, presence, st, plans, terminal, google


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Market sell-off could get ‘significantly worse’ this week — and it echoes 1987 crash, strategist says

A strategist warned that ongoing sell-offs in equity markets are drawing slight parallels with the crash of the late 1980s. Simon Derrick, chief currency strategist at BNY Mellon, raised concerns Monday around recent market moves. Derrick referred to the volatile market, dubbed “Black Monday,” that began on October 19, 1987, in Asia before spreading to Europe and then the United States later in the day. Last week, major markets fell deep into the red with fears of an escalating trade war between


A strategist warned that ongoing sell-offs in equity markets are drawing slight parallels with the crash of the late 1980s. Simon Derrick, chief currency strategist at BNY Mellon, raised concerns Monday around recent market moves. Derrick referred to the volatile market, dubbed “Black Monday,” that began on October 19, 1987, in Asia before spreading to Europe and then the United States later in the day. Last week, major markets fell deep into the red with fears of an escalating trade war between
Market sell-off could get ‘significantly worse’ this week — and it echoes 1987 crash, strategist says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-16  Authors: chloe taylor, michael nagle, bloomberg, getty images
Keywords: news, cnbc, companies, yields, selloff, happening, market, strategist, significantly, 1987, treasury, week, whats, crash, worse, echoes


Market sell-off could get 'significantly worse' this week — and it echoes 1987 crash, strategist says

A strategist warned that ongoing sell-offs in equity markets are drawing slight parallels with the crash of the late 1980s.

Simon Derrick, chief currency strategist at BNY Mellon, raised concerns Monday around recent market moves.

“Without wishing to be too alarmist, there have been a few parallels to what was happening 30 years ago in terms of what’s been happening to the dollar, what’s been happening to oil prices, what’s been happening to Treasury yields,” he told CNBC’s “Squawk Box Europe.”

“It’s all very September/October 1987 from that perspective.”

Derrick referred to the volatile market, dubbed “Black Monday,” that began on October 19, 1987, in Asia before spreading to Europe and then the United States later in the day. The Dow Jones industrial average fell more than 500 points — or 22 percent — in a single day.

Last week, major markets fell deep into the red with fears of an escalating trade war between the U.S. and China. Higher Treasury yields — effectively the cost of borrowing in the U.S. — also unnerved investors, as well as political problems in Italy and worries over Brexit negotiations in the U.K.

Derrick was adamant that current events wouldn’t play out like they did 1987, but said a “confluence of different circumstances” could lead to a serious risk-off event, leading the market to get significantly worse this week.

“Could it get significantly worse (this week)? Yes,” he said.


Company: cnbc, Activity: cnbc, Date: 2018-10-16  Authors: chloe taylor, michael nagle, bloomberg, getty images
Keywords: news, cnbc, companies, yields, selloff, happening, market, strategist, significantly, 1987, treasury, week, whats, crash, worse, echoes


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These 21 major retailers are worth less than Amazon… combined

These 21 major retailers are worth less than Amazon… combined2 Hours AgoAmazon hit a $1 trillion market cap on Sept. 4, becoming the second U.S. company to achieve this milestone, behind Apple. It’s currently valued at more than these 21 other major retailers combined, despite generating significantly less sales.


These 21 major retailers are worth less than Amazon… combined2 Hours AgoAmazon hit a $1 trillion market cap on Sept. 4, becoming the second U.S. company to achieve this milestone, behind Apple. It’s currently valued at more than these 21 other major retailers combined, despite generating significantly less sales.
These 21 major retailers are worth less than Amazon… combined Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-09-07
Keywords: news, cnbc, companies, retailers, major, 21, amazon, sept, combined, worth, trillion, valued, sales, second, significantly


These 21 major retailers are worth less than Amazon… combined

These 21 major retailers are worth less than Amazon… combined

2 Hours Ago

Amazon hit a $1 trillion market cap on Sept. 4, becoming the second U.S. company to achieve this milestone, behind Apple. It’s currently valued at more than these 21 other major retailers combined, despite generating significantly less sales.


Company: cnbc, Activity: cnbc, Date: 2018-09-07
Keywords: news, cnbc, companies, retailers, major, 21, amazon, sept, combined, worth, trillion, valued, sales, second, significantly


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The 2018 Ford EcoSport is fun to drive but you shouldn’t buy one

If you haven’t heard the news, Ford’s pretty much done with cars. Besides the Mustang, everything Ford produces will be a high-riding SUV or truck. Say your goodbyes to the Focus and Fiesta, because the EcoSport is set to become the entry point of the Ford lineup. With a starting price of $19,995 and an as-tested MSRP of $28,235, it’ll raise the cost of entry to the Ford club significantly over the Fiesta’s $14,205 fee. I spent a week with one, and while it’s impressive in its driving dynamics a


If you haven’t heard the news, Ford’s pretty much done with cars. Besides the Mustang, everything Ford produces will be a high-riding SUV or truck. Say your goodbyes to the Focus and Fiesta, because the EcoSport is set to become the entry point of the Ford lineup. With a starting price of $19,995 and an as-tested MSRP of $28,235, it’ll raise the cost of entry to the Ford club significantly over the Fiesta’s $14,205 fee. I spent a week with one, and while it’s impressive in its driving dynamics a
The 2018 Ford EcoSport is fun to drive but you shouldn’t buy one Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-08-12  Authors: mack hogan, cnbc
Keywords: news, cnbc, companies, significantly, suv, ecosport, spent, entry, fun, 2018, week, truck, drive, ford, shouldnt, starting, buy, spending


The 2018 Ford EcoSport is fun to drive but you shouldn't buy one

If you haven’t heard the news, Ford’s pretty much done with cars. Besides the Mustang, everything Ford produces will be a high-riding SUV or truck. Say your goodbyes to the Focus and Fiesta, because the EcoSport is set to become the entry point of the Ford lineup.

With a starting price of $19,995 and an as-tested MSRP of $28,235, it’ll raise the cost of entry to the Ford club significantly over the Fiesta’s $14,205 fee. I spent a week with one, and while it’s impressive in its driving dynamics and easy to live with, it’s hard to make a case for spending nearly $30,000 on the EcoSport.


Company: cnbc, Activity: cnbc, Date: 2018-08-12  Authors: mack hogan, cnbc
Keywords: news, cnbc, companies, significantly, suv, ecosport, spent, entry, fun, 2018, week, truck, drive, ford, shouldnt, starting, buy, spending


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Here’s how much you have to earn to be in the top 1% in every US state

However, the threshold varies significantly among states. In Connecticut, for example, you need an annual income of $700,800 to be in the 1 percent. Keep in mind that these numbers just represent the threshold — the average income of the top 1 percent nationwide is $1.32 million. The bottom 99 percent, on the other hand, earn an average of $50,107 a year. Read on to see just how much your household would have to pull in to join the 1 percent club in every U.S. state.


However, the threshold varies significantly among states. In Connecticut, for example, you need an annual income of $700,800 to be in the 1 percent. Keep in mind that these numbers just represent the threshold — the average income of the top 1 percent nationwide is $1.32 million. The bottom 99 percent, on the other hand, earn an average of $50,107 a year. Read on to see just how much your household would have to pull in to join the 1 percent club in every U.S. state.
Here’s how much you have to earn to be in the top 1% in every US state Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-07-27  Authors: kathleen elkins, stuart c wilson, getty images, kathy hicks, david ryder, bloomberg, ionas kaltenbach, lonely planet images, gavin hellier, john greim
Keywords: news, cnbc, companies, earn, income, represent, average, yearread, varies, threshold, need, states, significantly, state, heres


Here's how much you have to earn to be in the top 1% in every US state

To be among the top 1 percent of U.S. earners, a family needs an income of $421,926, a new report from the Economic Policy Institute finds.

However, the threshold varies significantly among states. In Connecticut, for example, you need an annual income of $700,800 to be in the 1 percent. In New Mexico, you need $255,429.

Keep in mind that these numbers just represent the threshold — the average income of the top 1 percent nationwide is $1.32 million. The bottom 99 percent, on the other hand, earn an average of $50,107 a year.

Read on to see just how much your household would have to pull in to join the 1 percent club in every U.S. state.


Company: cnbc, Activity: cnbc, Date: 2018-07-27  Authors: kathleen elkins, stuart c wilson, getty images, kathy hicks, david ryder, bloomberg, ionas kaltenbach, lonely planet images, gavin hellier, john greim
Keywords: news, cnbc, companies, earn, income, represent, average, yearread, varies, threshold, need, states, significantly, state, heres


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The risk of a global recession has ‘significantly increased,’ strategist warns

A slew of global developments are convening to threaten economic growth, according to one investment manager, who believes that the risks of a recession next year have now “significantly increased.”Global growth stood at 3.8 percent in 2017 and it is set to add another 3.9 percent this year and the next, according to forecasts by the International Monetary Fund (IMF). But, the escalation of trade tensions, coupled with other factors, could reverse this trend, Beat Wittmann, a partner at financia


A slew of global developments are convening to threaten economic growth, according to one investment manager, who believes that the risks of a recession next year have now “significantly increased.”Global growth stood at 3.8 percent in 2017 and it is set to add another 3.9 percent this year and the next, according to forecasts by the International Monetary Fund (IMF). But, the escalation of trade tensions, coupled with other factors, could reverse this trend, Beat Wittmann, a partner at financia
The risk of a global recession has ‘significantly increased,’ strategist warns Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-07-02  Authors: silvia amaro, daniel acker, bloomberg, getty images, -peter toogood, chief investment officer at the embark group
Keywords: news, cnbc, companies, growth, increased, according, wittmann, significantly, strategist, told, threaten, trade, recession, warns, trend, global, risk


The risk of a global recession has ‘significantly increased,’ strategist warns

A slew of global developments are convening to threaten economic growth, according to one investment manager, who believes that the risks of a recession next year have now “significantly increased.”

Global growth stood at 3.8 percent in 2017 and it is set to add another 3.9 percent this year and the next, according to forecasts by the International Monetary Fund (IMF). But, the escalation of trade tensions, coupled with other factors, could reverse this trend, Beat Wittmann, a partner at financial consultancy Porta Advisors, told CNBC’s “Squawk Box Europe.”

“I think the risk of a global recession in 2019 has significantly increased,” he said.


Company: cnbc, Activity: cnbc, Date: 2018-07-02  Authors: silvia amaro, daniel acker, bloomberg, getty images, -peter toogood, chief investment officer at the embark group
Keywords: news, cnbc, companies, growth, increased, according, wittmann, significantly, strategist, told, threaten, trade, recession, warns, trend, global, risk


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