Jon Najarian Scott Mlyn | CNBC (This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, .) Options trading can be tough but they can give investors’ strategies an edge. At least, that has been the case for Market Rebellion co-founder and CNBC contributor
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Facebook CEO Mark Zuckerberg is back in Washington this week arguing for libra, the digital currency his company created. This, after he last week made the case in front of an audience at Georgetown University that Facebook’s future, its past and its reason for being are all tied up in free speech. So, what’s at
Democratic presidential candidate, Sen. Elizabeth Warren (D-MA) greets an overflow crowd outside of a town hall event on August 17, 2019 in Aiken, South Carolina. Sean Rayford/Getty Images (This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click here.) It’s been a tough
The new series “Watchmen,” based on the comic by writer Alan Moore, premiered last weekend on HBO, and according to The Daily Beast, it’s the latest victim of “review bombing.” However, if the perpetrators are hoping to sink the show, they’re unlikely to succeed. For those not in the know, “review bombing” is what happens
Amazon‘s third-quarter earnings fell short of street expectations on Thursday, driving its stock down as much as 9% in after hours trading. It also gave dismal revenue guidance for the holiday shopping season, spooking investors who were expecting a huge pay off from Amazon’s growing investments across the company. Here’s what the company reported versus
Democratic presidential candidate Elizabeth Warren‘s wealth-tax is not the right idea when it comes to raising government revenue and reducing income inequality in America, billionaire and longtime Democrat Ron Baron told CNBC on Friday. “I don’t think Elizabeth Warren would be successful … if she were chosen president in getting through the policies that she’s proposing,”
Tim Cook presents at the Apple launch event in Cupertino, Calif on Sept. 10th, 2019. Source: Apple (This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, .) Here are the best analyst calls on Wall Street this week: Morgan Stanley- Apple, Overweight rating
A. Wayne Johnson Mirco Lazzari gp | Getty Images A senior government official appointed by Education Secretary Betsy DeVos resigned on Thursday, saying the current student loan system is “fundamentally broken” and calling for billions of dollars in debt to be forgiven. A. Wayne Johnson was hired as the chief operating officer of the Office
A driver for Brewers Distributing Co., loads a hand truck with Anheuser-Busch beer during a delivery at Hole In The Wall Saloon in Pekin, Illinois. Daniel Acker | Bloomberg | Getty Images Shares in Anheuser-Busch InBev tumbled 10% on Friday after the world’s largest brewer lowered profit growth forecasts for this year after drinkers in
Robinhood COO Gretchen Howard Source: Colson Griffith Photography. (This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, .) It was early January — just one month after stock-trading start-up Robinhood announced a failed checking and savings product. It was also Gretchen Howard’s first
With one jam-packed week of earnings down, another is nigh. The Dow Jones Industrial Average posted its second positive trading week in three, the S&P 500 had its third positive week in a row and the Nasdaq Composite posted its fourth-straight week of gains. The S&P 500 closed about three points off its all-time highs,
Kenneth Fisher, chief executive officer of Fisher Investments, attends the Forbes Global CEO Conference in Sydney, Australia, on Tuesday, Sept. 28, 2010. Gillianne Tedder | Bloomberg | Getty Images The Employees Retirement System of Texas announced on Friday that it would end its relationship with Fisher Investments, yanking $350 million from the asset manager. “Texas
CNBC’s Jim Cramer said on Friday that Amazon is not in trouble, despite missing on earnings and warning about holiday sales. “It’s a brilliant company,” Cramer said on “Squawk on the Street.” “This stock is a buy by next week, mid-week,” advising investors to wait until the selling clears out before getting in. Shares of
CNBC | Jaden Urbi Big changes could be coming down the pipeline for the 44 million Americans with student debt. Presidential campaign proposals and recently introduced legislation aim to rewrite the rules around student loan interest, repayment and refinancing. Some of the plans would reduce — or altogether erase — people’s balances. More from Personal
Citigroup could double its stock price in the next three to four years, Wells Fargo analyst Mike Mayo told CNBC on Friday. It’s hardly a guarantee, Mayo said, but if the nation’s third-largest bank gets a few things straightened out, it’s possible. “As long as Citi moves in the right direction, gets the higher returns
Verizon Communications beat Wall Street estimates for third-quarter profit and revenue on Friday, as it signed up more phone customers who pay a monthly bill. The company added 615,000 postpaid customers, above analysts’ estimates of 527,000 subscribers, according to research firm FactSet. The results come as the largest U.S. wireless carrier by subscribers prepares to
CNBC’s Jim Cramer on Friday said the slate of earnings reports he saw this week gave him a positive feeling about the week ahead. He breaks down what quarterly reports he’ll have his eye on. The “Mad Money” host also sits down with American Airlines CEO Doug Parker to find out how the company is
Dara Khosrowshahi, CEO of Uber Technologies, speaks during an Economic Club of Washington event in Washington, DC, June 11, 2019. Saul Loeb | AFP | Getty Images Here are the biggest calls on Wall Street on Friday: Guggenheim initiated Uber as ‘buy’ Guggenheim said Uber has an underappreciated pricing leverage, among other factors. “1) We
Erica Yungen Ostergren, 51, admits to a very casual password system: an old school catalogue envelope with cross-outs and coffee rings. Source: Erica Yungen Ostergren Erica Yungen Ostergren keeps important financial information, such as website passwords and logins, in one handy place. “Hilariously, it is all on the back of a yellow envelope that I
The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of AT&T. Karen Finerman was a seller of eBay. Mark Tepper was a buyer of Activision Blizzard. Guy Adami was a buyer of Valero. Disclosure Trader disclosure: Karen Finerman’s firm is long ANTM, C, CBS, CPRI, FB, FDX, FL,
Goldman Sachs has joined the flight of institutional investors from Fisher Investments. The giant investment bank is pulling $234 million from Camas, Washington-based Fisher, according to a source close to the matter. However, the end tally could be even greater, a source told CNBC. Goldman Sachs and Fisher Investments both declined to comment. In all,
A number of people reported confrontations with accused sexual predator Harvey Weinstein after the embattled filmmaker made an appearance at a New York City bar Wednesday night. Weinstein, who has made rare public appearances since 2017 articles in The New York Times and New Yorker chronicled numerous allegations of sexual misconduct against him, attended a
Founder, Chairman, CEO and President of Amazon Jeff Bezos gives a thumbs up as he speaks during an event about Blue Origin’s space exploration plans in Washington, U.S., May 9, 2019. Clodagh Kilcoyne | Reuters Amazon shares took a major hit Thursday after its third-quarter earnings fell short of expectations. But one bright spot was
The Los Angeles Fire and Police Pension System voted on Thursday to fire Fisher Investments, pulling about $522 million from the money manager. The nine-member board of commissioners voted in favor of terminating the relationship with the Camas, Washington-based firm, following lewd comments Ken Fisher had made at an investment conference on Oct. 8. The
Twitter CEO Jack Dorsey speaks during a press event at CES 2019 on January 9, 2019 in Las Vegas, Nevada. David Becker | Getty Images News | Getty Images Payments giant Square is getting into stock trading. The San Francisco-based company will offer users the ability to trade individual stock on its Cash App, for
Hill Street Studios | Getty Images Even if you’re still deciding how you’re going to vote next Election Day, you could already be taking political sides with your investments. New research examines whether mutual fund managers put more money in companies that are led by executives who share their political ideologies or party affiliations. And
A sign is posted outside of the PayPal headquarters in San Jose, California. Justin Sullivan | Getty Images PayPal had a break-out quarter, sending its stock surging after reporting earnings. The payments company beat Wall Street’s estimates across the board for the third-quarter results Wednesday evening. Investors applauded the outperformance, sending PayPal shares up more
Jane Fraser, chief executive officer for Latin American at Citigroup Inc., speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019. Kyle Grillot | Bloomberg via Getty Images Citigroup named Jane Fraser president Thursday, filling a role that has been open since earlier this year. Citi CEO Michael
Software stocks have struggled lately, but the pullback has created some buying opportunities, CNBC’s Jim Cramer said on Thursday. While the “Mad Money” host said there’s reason for slight caution, the software stocks with “the best fundamentals and the most reasonable valuations” are worth adding to your portfolio, Cramer advised. Those include: Adobe, VMWare, Salesforce.com,
Tesla’s stock is set to pop big when trading begins on Thursday, after the electric automaker turned in an unexpectedly profitably third-quarter and better than anticipated progress toward getting its Shanghai factory operational. “Skeptics had legitimate concerns in the past, but Tesla is now building cash, winning market share, and boosting margins – all while