Salesforce.com is in peak performance mode as companies shift their operations to become more digital and cloud-reliant, the software giant’s Chairman, co-founder and co-CEO Marc Benioff told CNBC on Tuesday. “I don’t think the company’s ever been stronger or been in a better position, and the reason why is every company that we’re dealing with
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Many on Wall Street are busy publishing 2019 market estimates but Morgan Stanley’s added an outlook on the space industry. “We expect industry / technological milestones and capital formation will up the ante starting in 2019,” Morgan Stanley’s Adam Jonas wrote in a note to investors on Wednesday. Jonas, along with other Morgan Stanley analysts,
If you were planning on nabbing a deduction for your mortgage insurance or your college expenses, prepare to sit tight. That’s because these and other breaks that are known as the “tax extenders” are bundled into newly proposed legislation that’s likely going nowhere fast, according to policy experts. The House Ways and Means Committee proposed
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
Insight from retail experts and insiders ahead of the 2018 holiday shopping season including Former Saks CEO Steve Sadove; O: The Oprah Magazine Creative Director Adam Glassman; and CNBC’s Lauren Hirsch. Fortt Knox is a weekly podcast from CNBC anchor Jon Fortt . Previous episodes of the program can be found here.
Relations between China and the U.S. have the potential derail global economic growth, but the ongoing tariff fight is a political matter between U.S. President Donald Trump and Chinese President Xi Jinping, said a major Chinese private equity fund company. Despite trade tensions between the two economic giants, there are plenty of reasons for them
European stocks opened higher Wednesday, as investors looked ahead to an all-important G-20 summit later this week. The pan-European Stoxx 600 was up around 0.46 percent shortly after the opening bell, with most sectors and major bourses in positive territory. As the latest G-20 summit draws closer, investors continue to closely monitor simmering tensions between
If a crowdfunding campaign is part of your charitable plans for #GivingTuesday or later in the holiday season, take care to make sure your act of kindness doesn’t have unintended consequences. More than 1 in 5 consumers (22 percent) have pitched in for at least one such project, which raise money toward a common aim
Survey after survey reveals that millennials are resigned to the idea that Social Security, as we know it, might not be there by the time they reach retirement age. According to a Transamerica survey, 81 percent of millennials polled believe this to be true. This is in contrast to a 2011 survey, which found that
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
Insight from retail experts and insiders ahead of the 2018 holiday shopping season including Former Saks CEO Steve Sadove; O: The Oprah Magazine Creative Director Adam Glassman; and CNBC’s Lauren Hirsch. Fortt Knox is a weekly podcast from CNBC anchor Jon Fortt . Previous episodes of the program can be found here.
Robinhood just got one step closer to an initial public offering. The stock-trading platform hired Amazon veteran Jason Warnick as its first-ever chief financial officer, Robinhood announced in a blog post. The company had been looking to fill the role as part of its long-term strategy to go public, Robinhood co-CEO Baiju Bhatt said in
Amazon‘s cloud business is launching a satellite connection service, marking the company’s first public move into space-related hardware and a continuation of its efforts to support the growing industry. The company’s AWS Ground Station unit is building a network of satellite facilities around the world, according to Spire Global, a company which builds and operates
Nothing will kill your holiday cheer like good, old identity theft. Shoppers are expected to spend a record $7.8 billion this Cyber Monday, up over 17 percent from last year, according to estimates from Adobe Insights. At the same time, attacks against consumers spike during the busy online shopping holiday, according to OpenVPN, a provider
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
United Technologies announced late Monday that it intends to separate into three companies: United Technologies, Otis and Carrier. The industrial giant has scheduled an investor call for Tuesday at 8 a.m., ET. Shares of United Technologies gained more than 2 percent in after-hours trading. Activist investor Dan Loeb had pushed for United Technologies to split
Monday’s reversal in the stock market could be the start of a bounce for the largely oversold equity cohort, CNBC’s Jim Cramer said as stocks recovered from their Thanksgiving-week declines. Stocks got “very oversold” on Friday amid a plunge in oil prices and technology-led weakness, said Cramer, noting that the paid S&P oscillator he follows
Investors can’t own shares of United Technologies without considering the threats that interest rates and tariffs pose to its business, CNBC’s Jim Cramer said Monday. Speaking after Chinese authorities approved United Technologies’ purchase of aircraft parts manufacturer Rockwell Collins — the final hurdle in a 14-month-long process — Cramer said that prospective buyers should watch
The Centers for Disease Control and Prevention so far this year has confirmed 116 cases of acute flaccid myelitis, a rare but serious disease that can cause polio-like paralysis. These 116 confirmed cases, out of a total of 286 possible cases reported to the CDC, have spanned 31 states. Last year, the CDC counted 33
As U.S. consumers scoured the web for Cyber Monday deals, CNBC’s Jim Cramer found some bargains of his own in the downtrodden retail sector. Cramer said on Monday that he liked Macy’s, Kohl’s, Target and Amazon at these levels. He noted that recent weakness in the retail cohort — much of it tied to worries
Marathon Petroleum Corp.: “Here’s what’s happened: the spread has narrowed between what we can sell the oil at and what you get from gasoline for the refiners. MPC is the class of the joint [with] its 3 percent yield, but it is going lower. It’s in a bear market mode now. I still think it’s
Most Wall Street professionals haven’t experienced a bear market of this particular nature, CNBC’s Jim Cramer said Monday as stocks recovered from their Thanksgiving-week declines. “The simple fact is, these days, most money managers can only remember the systemic risk kind of bear market, like the one we had from 2007 to 2009,” the “Mad
WhatsApp Chief Business Officer Neeraj Arora announced on Monday that he’s leaving the company, the latest in a growing number of high-profile Facebook executives to depart this year. Arora had been with WhatsApp since 2011 and through Facebook’s $19 billion acquisition of the messaging company in 2014. His exit comes seven months after WhatsApp co-founder
Amazon’s cloud business is coming out with cheaper computing options, thanks to server chips that use the energy-efficient Arm processing architecture. Amazon Web Services, the clear market leader for public cloud infrastructure, is the first of the big cloud providers to launch Arm-based computing resources. Microsoft, Google, IBM and other companies compete with Amazon to
As divorcees decide who gets the house and how to split their assets, they should remember to address this key bargaining chip: Who gets to claim “head of household” on their taxes? Though this tax-filing status can be beneficial to the newly single, it’s also one of the most difficult to qualify for, due to
Side hustles can be a great way to bring in extra cash or plant the seeds to grow your own small business. As an entrepreneur, you are fulfilling many roles, and it can be easy for some of those jobs to fall through the cracks. Whatever your hustle, one of your key responsibilities is to
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