Investing

Getty Images Investment giant BlackRock just became the largest stakeholder of Sports Illustrated’s parent company. BlackRock bought roughly a 30% stake in Authentic Brands Group for $875 million, the company’s chief executive officer Jamie Salter CNBC’s Brian Sullivan in a phone interview on Sunday. The deal values the brand management company around $4 billion to

President Donald Trump meets with China’s President Xi Jinping at the start of their bilateral meeting at the G20 leaders summit in Osaka, Japan, June 29, 2019. Kevin Lemarque | Reuters The U.S.-China trade war is going to have a larger impact on growth than Goldman Sachs originally estimated. The firm lowered its fourth-quarter growth

Satya Nadella, CEO of Microsoft. Sean Gallup | Getty Images Enterprise software is emerging as an exception to some investors’ caution around the technology sector. Wall Street analysts and investors including Carl Icahn are turning to software companies, which don’t rely as much on supply chains and manufacturing, as the trade war and strong dollar

A trader reacts on the floor at the New York Stock Exchange (NYSE) in New York, U.S., August 5, 2019. Brendan McDermid | Reuters The clock is ticking for the relief rally to turn sour, according to Nomura macro and quant strategist Masanari Takada. And by his count, the market has only three good trading

Dara Khosrowshahi, chief executive officer of Uber Technologies Inc., speaks during an interview in Tokyo, Japan, on Wednesday, July 3, 2019. Akio | Bloomberg | Getty Images Uber CEO Dara Khosrowshahi said SoftBank‘s head “doesn’t throw good money after bad” and that the company and its financial backer’s interests are aligned as the Japanese conglomerate

A Verizon store in New York City. Getty Images High-dividend stocks are starting to stand out as winners as bond yields continue to collapse. Since late July, the S&P Dividend ETF, which bundles high-dividend stocks, has started to outperform the S&P 500 ETF Trust, which mimics the performance of the entire S&P. Since last week,

Investor Steve Eisman is predicting bad things ahead for anyone betting on online real estate site Zillow, which has been trying to expand its operations but faces a stiff challenge. The managing director and senior portfolio manager at Neuberger Berman has been shorting Zillow for some time, and explained to CNBC in an interview Thursday that the

Carl Icahn speaking at Delivering Alpha in New York on Sept. 13, 2016. David A. Grogan | CNBC Longtime activist investor Carl Icahn is doubtful rate cuts can simply solve the problems facing the economy including the U.S.-China trade war. “I don’t think just lowering rates is the answer… if it were that easy, you’d

The Federal Reserve’s “midcycle adjustment” to interest rates could be morphing into something considerably more serious, judging by recent market action. After the rate cut approved last week, Fed Chairman Jerome Powell quickly doused market expectations that the move was a sign of an extended period of monetary easing. Powell mostly expressed optimism in the

President Donald Trump‘s trade war comes with an aggressive and clear-cut strategy but a fuzzy endgame, namely that it’s unclear just what victory would look like. True, there are lofty ambitions: a world without tariffs, a “level playing field” with China where goods would flow freely between the two nations, and the promise of untethered

Traders work on the floor of the New York Stock Exchange Bryan R. Smith | AFP | Getty Images Wall Street’s summer swoon likely isn’t over yet. Several chart analysts are pointing out that while the market has dropped sharply over the the past few days, it still has a long way to go before

CNBC’s Jim Cramer said he was “aghast” at the huge swing between the sharp decline in stock futures Monday evening and the strong Wall Street open Tuesday. The “Mad Money ” host blasted “pajama traders,” the term he coined for those who buy and sell futures contracts, often based on computer algorithms, during market off-hours.

Kyle Bass Mark Neuling | CNBC Hedge fund manager and Hayman Capital Management founder Kyle Bass said on Monday that without state support, China’s currency would plunge. “What’s happening in China is they have to have dollars to sell to buy their own currency to hold it up. If they were to ever free float

Apple CEO Tim Cook attends the annual session of China Development Forum (CDF) 2018 at the Diaoyutai State Guesthouse in Beijing, China March 26, 2018. Jason Lee | Reuters While Wall Street analysts are scrambling to assess the fallout of the latest in the U.S.-China trade battle, Apple is once again caught in the crossfire.

President Donald J. Trump listens during a meeting on Fentanyl and the opioid epidemic in the Oval Office at the White House on Tuesday, June 25, 2019 in Washington, DC. Jabin Botsford | The Washington Post | Getty Images Uncertainty around what will happen next with the global economy and how governments will respond is

Traders work on the floor at the New York Stock Exchange (NYSE) in New York. Brendan McDermid | Reuters Bank of America is calling for U.S. stocks to hold near current levels through the rest of the year following President Donald Trump‘s move to put new tariffs on Chinese goods, which could further dampen corporate earnings.

A detailed view of the shoe worn by Zion Williamson #1 of the Duke Blue Devils against the North Carolina Tar Heels during their game at Cameron Indoor Stadium on February 20, 2019 in Durham, North Carolina. Streeter Lecka | Getty Images A new set of tariffs on China that particularly targets retailers has Wall

China’s President Xi Jinping and U.S. President Donald Trump attend a welcome ceremony at the Great Hall of the People in Beijing on November 9, 2017. Nicholas Asfouri | AFP | Getty Images Wall Street strategists are preparing for what they call “a major escalation” in the wake of President Donald Trump’s announcement that a

Bill Murray and Warren Buffett Arnold Jerocki | GC Images | Getty Images; Adam Jeffery | CNBC Two American icons hung out in an Omaha, Nebraska ice cream shop on Thursday afternoon. Billionaire investor Warren Buffett sat down for ice cream with actor and comedian Bill Murray at Ted and Wally’s, a store in Omaha’s

Sand destined for the oil and gas fields piles up at the EOG Resources processing plant in Chippewa Falls, Wisc. Steve Karnowski | AP After shakey earnings for oil producer EOG Resources, the company’s stock is well-positioned to outperform, according to Mizuho Securities. The firm maintained its buy rating and $122 price target on EOG

The surprise tariffs President Donald Trump announced Thursday against $300 billion or so of Chinese goods takes the trade dispute between the two countries to a new level, even though in dollar terms it doesn’t amount to a whole lot. The president’s announcement jolted markets, which had bounced back sharply off Wednesday’s disappointing Fed rate

Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, D.C., on Wednesday, July 31, 2019. Andrew Harrer | Bloomberg | Getty Images Two words from Federal Reserve Chairman Jerome Powell — “midcycle adjustment” — may have briefly roiled financial markets, but

Source: SmileDirectClub SmileDirectClub is bracing for a windfall of cash. The company, which provides invisible teeth-straightening devices, is looking to sell up to $1 billion in stock in an initial public offering, three people with knowledge of the matter said. SmileDirectClub is currently on file confidentially and aiming to flip its IPO prospectus to be

Investors should start seeing Apple CEO Tim Cook as an innovator, CNBC’s Jim Cramer said on Wednesday. “When is Cook going to get the benefit of the doubt?” Cramer said on “Squawk on the Street, ” stressing that key Apple wearables were “all invented after Steve Jobs, ” the company’s co-founder who died in October

Mario Gabelli Scott Mlyn | CNBC Shares of RPC, Inc., a small oil and gas company based in Atlanta, jumped following positive comments from billionaire investor Mario Gabelli. “I’ve been following it for 50 years,” Gabelli told CNBC’s “Halftime Report ” of the stock, which closed Monday at $5.54 a share. “If you look at

Apple CEO Tim Cook Brendan McDermid | Reuters Wall Street analysts may be suffering from a bit of malaise when it comes to Apple. The company will reports its third quarter earnings after the bell on Tuesday and analysts are advising clients to temper their expectations. Still, analysts and investors alike will be watching for

A scientist at Gilead Sciences analyzes patient antibody levels at the Gilead laboratory in Foster City, Calif. David Paul Morris | Bloomberg | Getty Images Now is a good entry point into Gilead’s stock as the company begins to stabilize, while still trading at a discount to its peers, according to RBC Capital Markets. The

Starbucks President and Chief Executive Officer Kevin Johnson is pictured at the Annual Meeting of Shareholders in Seattle, Washington on March 20, 2019. Jason Redmond | AFP | Getty Images “ Here are the biggest calls on Wall Street on Monday: J.P. Morgan downgraded Starbucks to ‘neutral’ from ‘overweight’ J.P. Morgan downgraded Starbucks mainly on

A Dish Network field service specialist installs a satellite television system at a residence in Denver. Matthew Staver | Bloomberg | Getty Images Winning is good. Unless your prize is becoming a wireless company. Such is the case for Dish Network, which is expected to shell out $1.4 billion for T-Mobile’s prepaid mobile business and

David Einhorn speaking at the 24th Annual Sohn Investment Conference in New York, on May 6, 2019. Adam Jeffery | CNBC David Einhorn revealed new positions Thursday in three stocks: Chemours, Dillard’s and Scientific Games. Einhorn told Greenlight Capital clients the positions were added in the second quarter. He described the Chemours stake as “medium