Investing

American Express reported fourth-quarter results that beat analyst expectations, sending the stock higher as card fee revenues grew more than expected. The shares rose 2% in premarket trading Friday. Here’s how the payments company’s results compared to what Wall Street analysts expected: Earnings: $2.03 per share vs $2.01 per share forecast by Refinitiv Revenue: $11.365
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Seth Klarman Getty Images Billionaire hedge fund manager Seth Klarman defended value investing, saying in a letter to clients that several factors, including the proliferation of passive investing, have created market mispricings that will soon lead to a payoff for the long underperforming strategy. Klarman, the CEO of the Baupost Group, said his fund posted
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David Solomon, Goldman Sachs Adam Galica | CNBC Goldman Sachs CEO David Solomon told CNBC on Thursday that starting this year, his investment bank wouldn’t help companies go public without at least one “diverse” board member.   “Starting on July 1st in the US and Europe, we’re not going to take a company public unless there’s
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Global index and fund provider MSCI said Tuesday that investors need to more readily integrate ESG metrics, or a company’s environmental, social and governance factors, into investing philosophies. “We are sounding the alarm bells that if you are an investment institution and you’re not embracing this and taking it into account, it’s going to be
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Paul Tudor Jones Leanne Miller | CNBC Billionaire investor Paul Tudor Jones said the stock market today is reminiscent of the one in early 1999.  “We are just again in this craziest monetary and fiscal mix in history. It’s so explosive. It defies imagination,” Jones CNBC’s Squawk Box at the World Economic Forum in Davos, Switzerland. “It
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FAANG stocks displayed at the Nasdaq. Adam Jeffery | CNBC Morgan Stanley and Nomura analysts on Friday raised their price targets for Apple stock as the tech giant’s shares continue to surge. However, the latter cautioned that inflated iPhone 12 expectations “may make the music stop” and questioned market enthusiasm about a “5G supercycle.” In
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David Tepper, founder of Appaloosa Management, said Friday he still likes this bull market, which is the longest on record.  ”I love riding a horse that’s running,” Tepper told CNBC’s Joe Kernen in an exclusive email. ”We have been long and continue that way.” The current bull market started in March of 2009. Since then, the S&P 500
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Getty I hope last week’s Iran head-fake didn’t have you thinking about buying so-called “safe” dividends like Treasuries. Because these tired income standbys aren’t safe at all! With your nest egg yielding a pathetic 1.9%, you’re guaranteed losses, with inflation running at 2.1%. So today we’re going to make a simple contrarian move that will:
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Plaid co-founders William Hockey and Zach Perret Source: Plaid Payments giant Visa is buying Silicon Valley start-up Plaid for $5.3 billion, the companies announced Monday. Plaid’s API software, often referred to as the “plumbing” behind fintech companies, lets start-ups connect to users’ bank accounts. It’s well-known among financial technology developers, but the average person interacting
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Bitcoin rallied tonight, climbing more than 4.5% in under two hours. (Photo by Chesnot/Getty … [+] Images) Getty Images Bitcoin prices enjoyed a notable bounce today, approaching $8,500 as they followed their recent bullish trend. The cryptocurrency rose to an intra-day high of $8,476.79 at roughly 8:45 p.m. EST, CoinDesk data shows. At this point,
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