McGlinchey: Trump's Damage To US Diplomacy Could Last A Generation

Bezos To Dump $4 Billion In Amazon Stock After Surge As Cramer Calls Sale A "Buzzkill" Amazon founder Jeff Bezos plans to sell 15 million shares worth roughly $4.07 billion under a prearranged trading plan, according to a Form 144 regulatory filing. The planned sale comes after Amazon shares surged about 25% over the last several trading sessions. The shares, which Bezos acquired as founder's stock in 1994, will be sold through Morgan Stanley Smith Barney. The filing showed no stock sales by Bezos during the previous three months, although...

Days After Trump Delays Xi Summit, Chinese Carrier Unveils 101-Jet Airbus Deal Days after President Donald Trump delayed a planned meeting with Chinese President Xi Jinping over the now 26-day-old U.S.-Iran conflict, one of China's top state-owned airlines unveiled a major narrow-body aircraft deal with Airbus. China Eastern Airlines announced a $15.8 billion deal for 101 Airbus A320neo aircraft on Wednesday, with deliveries scheduled between 2028 and 2032. The Shanghai-based carrier, which operates domestic and international passenger and cargo flights, said it negotiated prices well below list value and expects to fund...

The Last Word On Kernen Vs. Grantham Submitted by QTR's Fringe Finance Last week, CNBC’s Andrew Ross Sorkin and Joe Kernen interviewed legendary value investor Jeremy Grantham, and for about six minutes the conversation turned into one of the better moments I’ve seen on financial television in a long time. Grantham, the 86-year-old co-founder of GMO, whose case for the market being overvalued I highlighted last week, built one of the world’s most respected institutional asset management firms. Over the course of his career, he became famous for identifying some of the largest...