Investing

Brutal sell-offs have taken down some of Wall Street’s most highly prized stocks. The FAANG stocks — Facebook, Apple, Amazon, Netflix and Google parent Alphabet – which had driven the markets to records earlier this year have plummeted in the past three months with four-fifths in bear market territory. Michael Batnick, director of research at

After years of breaking down market moves for investors — often times at the risk of being wrong — CNBC’s Jim Cramer is taking a stand against market commentators who play it safe, but never really help the average stock-picker. “If I came out here every day and said it was the seventh inning of

With more people applying for mortgages online, the lending landscape was expected to become more equitable. The logic was that lenders couldn’t discriminate against a borrower based on their skin color if they weren’t face-to-face with them. Yet algorithms can be just as biased as a loan officer sitting across a desk, according to a

If Apple ultimately decided to move production of its iPhone from China to the United States, it would be a “massive” undertaking, venture capitalist Gene Munster told CNBC on Monday. The tech giant is facing potential tariffs as a result of the escalating trade war between the U.S. and China. On Monday, President Donald Trump

Several large and popular U.S. stocks are due for a so-called oversold bounce after falling rapidly to chart levels that in the past have marked a turnaround. CNBC used hedge fund analytics tool Kensho to determine which large U.S. stocks have fallen the most from their 200-day moving average, one of the most popular technical

As the calendar nears the last month of the year, be warned: If you’re 70½ or older, do not forget to take your required minimum distribution. Required minimum distributions, or RMDs, is the amount you must withdraw from your pre-tax retirement accounts every year. That money is then added to your taxable income for the

U.S. stocks are in a “bear market” not a correction, CNBC’s Jim Cramer argued on Monday. Cramer said on “Squawk Box” he’s not using the traditional measures of a bear market and a correction to make his case. “Who cares about the S&P? It’s individual stocks that are down 40 or 50 percent.” A bear

Morgan Stanley’s equity strategist who foresaw the recent sell-off in U.S. stocks sees a lackluster year ahead, marred by underwhelming corporate earnings and tougher financial conditions. Mike Wilson, chief equity strategist at Morgan Stanley, said in a note that he “sees more of the same” stagnant performance from the major indexes in 2019 and forecasts

When you get married, the tax system can be either friend or foe. Many couples see their tax burden go down when they tie the knot. Yet some end up paying more than if they had remained unmarried and filed as single taxpayers. “It’s more typical for people to have a marriage bonus, but there

Whether you’d like to give away several thousand bushels of soybeans or a prehistoric fossil, there just might be a charity that’s willing to receive it. Year-end tends to be a busy time for individuals who are in a giving mood. Donors seeking a break on their 2018 taxes must make their charitable contributions before

It’s an offer hard to refuse: a reprieve from your student loan bill. Yet when your payments resume, they’re often higher because your debt has swelled, thanks to interest. The Associated Press, citing a 2017 Department of Education audit, reported this week that Navient, one of the country’s largest student loan servicing companies, steered tens

As volatility rocks the market, one group of stocks is sizzling — fast food. Stocks like Starbucks, Jack in the Box, Chipotle and McDonald’s are outperforming in the past month. Of that selection, Chipotle shares look best positioned, according to Craig Johnson, chief market technician at Piper Jaffray. The firm’s analyst covering Chipotle, Nicole Miller

Things look pretty good. The economy is strong, and unemployment is low. Yet in some locales, people are finding it tougher to afford the basics, according to GOBankingRates. The personal finance site surveyed 5,000 people online in August and found that the cost of living in the U.S. has shot up by 14 percent in

Oil prices have “dropped like a rock” over the past seven weeks but are finally approaching a bottom, Wells Fargo strategist Scott Wren told CNBC on Friday. “It’s caught the falling knife,” the senior global equity strategist at Wells Fargo Investment Institute said in a “Squawk on the Street” interview. However, “from our perspective oil,

As “Small Business Saturday” becomes a worldwide phenomenon, lenders are becoming aware of the investment opportunities on Main Street, former Small Business Administration chief Karen Mills told CNBC on Friday. Online technology companies including Amazon, PayPal and Square are now issuing near-instant loans to small businesses so they can bulk up their inventory ahead of

Social Security is one of the most important factors in older people’s financial lives. Yet the available information on the system is often contradictory or incorrect. Even the Social Security Administration, the government agency that administers the benefit, can mislead people, experts say. “Half of the answers Social Security is giving people are wrong or

Big-box retailers such as Target and Walmart are capitalizing on the demise of Toys R Us this holiday season, and it’s paying off, according to industry leaders. The well-known toy retailer, which shuttered its U.S. stores in June, accounted for 15 to 20 percent of the country’s total toy sales in 2017, based on estimates

“It’s hard to find fault with the climate in the Algarve,” said Tricia Pimental, Portugal correspondent for International Living. “You can count on sun most of the time.” During the “rainy season” of October through April, it’s still sunny around two-thirds of the time. “December is the wettest month, during which you can expect about

Increased market volatility this year has mostly prompted financial experts to repeat one piece of advice: Stay the course. But as markets are poised for a continued bumpy ride, investors would be wise to keep another tip in mind: Diversify. “Diversification works when you need it the most,” said Chris Hyzy, chief investment officer for

Gold, the classic bear-market investment, has been ignored by investors this year, and for good reason: Gold prices have gone in the wrong direction, losing about $100 in the price per ounce since January, leading gold exchange-traded funds to year-to-date losses near-5 percent. But as more investors fear that the end of the bull market

Scandal-plagued Goldman Sachs has sunk deep into a bear market. Losses accelerated this month following allegations of financial misdeeds regarding the Malaysian government investment fund 1MDB. Regulatory uncertainty surrounding the scandal prompted Morgan Stanley to downgrade its rating to equal weight. Its stock has dropped 14 percent in November, putting it on track for its

If you were hoarding receipts in a shoebox with the hope of claiming a big break on your 2018 taxes, prepare to be disappointed. That’s because the Tax Cuts and Jobs Act placed steep limits on itemized deductions, including lesser-known breaks for the fees you pay your tax preparer and unreimbursed employee business expenses. The

Retail stocks jumped on Wednesday after posting eight straight days of losses, the group’s longest losing streak on record. Now, one strategist is calling for bigger gains to come. The XRT, a popular exchange-traded fund that tracks retail stocks, has plunged 14 percent in the last three months, with some of its holdings, such as

The market sell-off has created a buying opportunity for investors who can afford to be a little patient, noted value investor David Katz told CNBC on Tuesday. Stocks continued to dropon Tuesday, with the Dow Jones Industrial Average wiping out its gains for the year. Meanwhile, about 40 percent of companies on the S&P 500

Extreme volatility in the energy market could be one of the less obvious causes of the stock market’s broad-based sell-off, and there could be more pain to come, CNBC’s Jim Cramer warned Tuesday as the Dow Jones Industrial Average erased its gains for the year. “You can’t understand this breakdown in the stock market unless

Two faulty narratives are behind the massive breakdowns in the technology sector, CNBC’s Jim Cramer said Tuesday after reports surfaced that the FAANG stocks had lost more than $1 trillion in value. “The real culprits, the one-two punch that knocked tech down on the canvas,” were a narrative that the data center — the heart

Shares of Navient sank more than 9.5 percent Tuesday after a report said that an ongoing government audit points to deceptive practices at the company that may have resulted in tens of thousands of borrowers opting into higher-cost plans. The results of the audit, reported by The Associated Press, suggest that the nation’s third-largest student

Wall Street strategist Tom Lee told CNBC he remains bullish on bitcoin and bets on a recovery soon despite prices of the world’s largest cryptocurrency falling to their lowest levels in more than year on Tuesday. Last week, Lee cut his year-end bitcoin target to $15,000 from $25,000. In Tuesday’s CNBC interview, he stood by

If you’re thinking the long holiday weekend would be a great time to shop for a new car, here’s a tip: Do your homework before heading out. While Black Friday and holiday sales events come with special deals, they can vary greatly among automakers and individual dealerships. And with cash incentives slowing and zero-percent financing

Facebook and Google parent company Alphabet are both down for the year. While Facebook turned negative a few months ago, Alphabet became the second major tech company to go negative on Monday. Tech stocks overall were hit hard Tuesday as the Nasdaq Composite Index slid another 0.6 percent. Facebook and Alphabet are just two of