Traders and financial professionals work on the floor of the New York Stock Exchange (NYSE) at the opening bell on October 3, 2019 in New York City. Drew Angerer | Getty Images An unusual trend in the stock market emerged recently as the latest sign that perhaps greed is the driving force behind the rally
Howard Stern Kevin Mazur | Getty Images Liberty Media CEO Greg Maffei believes the company is well positioned to capitalize on the growing popularity of podcasts and other audio content. Maffei, who joined CNBC’s David Faber from Liberty’s investor day in New York, said that while there is competition for audio content, exclusive agreements should
The new US $100 bill, issued in October 2013, bundled with a rubber band into a group $10,000. Getty After hitting new all time highs this month the stock market indices have just marked several down days in a row – a rarity lately. Both the Standard and Poor’s 500 and the Dow Jones Industrial
Chinese deities statue ready for export to China are waiting in Sagyin (“marble”) village located near the white marble Sagyin quarries. White marble is extracted from Sagyin quarries for centuries. Thierry Falise | LightRocket | Getty Images The best-performing stock in the world just lost nearly all its value in the blink of an eye.
The new movie “Dark Waters” may be about an attorney’s battle against chemical company DuPont, but the film could shine a sharper spotlight on the industry in general, hurting companies like 3M, Bank of America Merrill Lynch said on Wednesday. The film, which hits theaters on Friday and stars Mark Ruffalo, Anne Hathaway and Tim
The third posting in this series, Stocks To Trade In October, appeared on September 23rd. Let us review the October stock recommendations. The DJIA rose by 0.48% in that month. Of the eight buys, five rose for an average gain of 3.22%. Of the four short sales, two declined for an average loss of 1.10%.
Target CEO Brian Cornell appears on CNBC after ringing the opening bell at the New York Stock Exchange on the morning of November 28, 2014 in New York City. Getty Images Target is far and away the best performing retail stock of 2019. After reporting third-quarter results on Wednesday that crushed Wall Street’s expectation, Target
Traders and financial professionals work on the floor of the New York Stock Exchange. Drew Angerer | Getty Images News | Getty Images Investors may be just too comfortable picking individual stocks, and ignoring the macro risks that could derail the rally and broadly hit all of the market’s stocks. Citigroup strategists, in a note,
FILE – In this Sept. 4, 2011 file photo shows the main plant facility at the Navajo Generating Station, from Lake Powell, in Page, Ariz. Two environmental groups are asking a federal court to set a deadline for the U.S. Environmental Protection Agency to issue mandates for pollution controls at two power plants, including Four
Share to facebook Share to twitter Share to linkedin Yet another business leader speaks out against Warren. Bryan Bedder/Getty Topline: A week after accusing Senator Elizabeth Warren of “tribalism,” former Goldman Sachs CEO Lloyd Blankfein again blasted the Democratic 2020 candidate for her war on billionaires, denouncing politicians like her for moving away from “populism”
The world is getting windier, which means a surge in wind-generated power could be coming. A new study led by Princeton University researchers found that from 1978 to 2010 wind speeds decreased by about 2.3% per decade, but that things began to shift in 2010. Between 2010 and 2017 speeds increased roughly 7%, which means
Federal Reserve Chairman Jerome Powell (Photo by Alex Wong) Getty Images Last week Federal Reserve Chairman Jerome Powell testified before Congress. His theme terrifies me. The Fed boss says that he does not see any risks of asset bubbles. I look back to tech bubble of 2000 and the crash of 2008 and nothing has
Ajit Pai Brad Quick | CNBC The Federal Communications Commission (FCC) announced on Monday that it will publicly auction off a valuable telecommunications asset, in a move investors viewed as a blow to U.S. satellite communications provider Intelsat. Shares of Intelsat dropped more than 40% in heavy trading volume after FCC Chairman Ajit Pai said
Nick Schommer, Janus Henderson Source: Janus Henderson (This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, .) Being a contrarian can make someone seem like a genius or idiotic. For Nick Schommer, it has been the former this year. Schommer manages the Janus
Disasters like wild fires can devastate a municipality’s financial stability. Getty There are numerous details for municipal bond investors to stress over: unfunded pensions, other post-employment benefits (OPEBs) owed, cyberattacks and their ransom demands. But the big headlines consuming municipal bond investors today is climate change and man-made disasters—flooding, droughts, hurricanes, tornadoes, and wildfires. Even
Google employees at the tech giant’s headquarters in Mountain View, California, walk off the job to protest the company’s handling of sexual misconduct claims. Mason Trinca | Getty Images News | Getty Images When it comes to investing, the notion that you can make money in the market and feel good about your investments at
A trader works next to a Grubhub Inc. paper bag on the floor of the New York Stock Exchange (NYSE) in New York. Jin Lee | Bloomberg | Getty Images (This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, .) Here are some
NEW YORK, NEW YORK – NOVEMBER 15: Traders work on the floor of the New York Stock Exchange (NYSE) on … [+] November 15, 2019 in New York City. As trade talks with China show some progress, the Dow Jones Industrial Average rose 222 points to close above 28, 000 for a new record. (Photo
(This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click here.) The addictive nature of video games, designed to keep players in the game for as long as possible, may make investors happy, but some are now warning that a regulatory crackdown could
Traders work on the floor of the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images The Securities and Exchange Commission is moving closer to approve a new flavor of exchange-traded funds that allow stock pickers to keep their holdings secret. Asset managers T. Rowe Price, Natixis, Fidelity and Blue Tractor have won
United Kingdom and United States flags together realtions textile cloth fabric texture Getty While diversity and inclusion (D&I) themes have taken on a greater mind share across many industries, retail, in particular, has been under a microscope in recent months. In the land of brands, diversity not only comprises who is working at a company
An assembly line worker works on the production line at Midwest Automotive Designs in Bristol, Indiana, April 16, 2019. Tim Aeppel | Reuters The U.S. economy will barely grow at all in the fourth quarter, if two Federal Reserve gauges that track gross domestic product are correct. With some recent data coming in below expectations,
A pedestrian passes in front of a Charles Schwab Corp. bank branch in downtown Chicago, Illinois. Christopher Dilts | Bloomberg | Getty Images Free trading is paying off for brokerage firm Charles Schwab. In the same month the firm dropped trading commissions, Schwab added 142,000 new brokerage accounts, 31% more than the number of new
Share to facebook Share to twitter Share to linkedin The brokerage firm is exploring a bold new play. Getty Topline: As it looks to make up lost revenue from slashing commission fees to zero, brokerage firm TD Ameritrade is reportedly testing different ways it can tap into the sports gambling business, Business Insider first reported.
Jensen Huang, president and CEO of Nvidia, speaks during the company’s event at the 2019 Consumer Electronics Show in Las Vegas on Jan. 6, 2019. David Paul Morris | Bloomberg | Getty Images Wall Street analysts are expecting big things from Nvidia when the chip maker reports its third-quarter earnings on Thursday after the bell.
In this photo illustration, the Disney + logo is displayed on the screen of an Apple MacBook Pro computer on November 08, 2019 in Paris, France. Chesnot | Getty Images This is a developing story. Check back for updates. Credit Suisse raised its outlook for Disney shares after the company released the first-day numbers for
A group of 73 foreigners have become the first to benefit from Saudi Arabia’s latest effort to open up its economy, after being granted ‘premium residency’ visas. They are paying handsomely for the privilege. A permanent ‘green card’ (as they are sometimes called) costs a one-off fee of SR800,000 ($213,000), while the one-year, renewable version