Gold has been on fire this year and some investors think the precious metal is poised to do something it has only done twice since World War II: enter a major bull market. The metal is trading above $1,400 per ounce for the first time since 2013 and is up more than 12% year to

European stocks traded higher on Friday as market players increase their bets the U.S. Federal Reserve will cut interest rates this month. The pan-European Stoxx 600 was up by 0.4% after the opening bell, auto stocks leading the charge with a 1% climb as all sectors except media traded in positive territory. European Markets: FTSE,

John C. Williams, president and CEO of the Federal Reserve Bank of New York speaks to the Economic Club of New York, March 6, 2019. Lucas Jackson | Reuters When New York Federal Reserve President John Williams said central bankers need to “act quickly” as economic growth slows, a spokesperson said he was drawing from

US President Donald Trump speaks at a “Make America Great Again” rally at Minges Coliseum in Greenville, North Carolina, on July 17, 2019. Nicholas Kamm | AFP | Getty Images President Donald Trump’s allies in the business world and an army of bundlers have been courting executives across the country in an effort to help

European banks are finally showing signs of recovery and investors should be looking to reduce their bearish positioning in the beleaguered sector, according to Barclays strategists. In a note published Wednesday, Barclays’ European banking and European equity teams projected that the stabilization of euro zone economic data and bond yields may bolster the banks, which

Fans gather at the Netflix booth at a trade show. Mike Blake | Reuters Check out the companies making headlines after the bell: Netflix fell more than 12% in after-hours trading following the release of its second-quarter earnings. The streaming giant reported global net adds of 2.7 million — much lower than earlier stated guidance

Devin Wenig, CEO of eBay at the 2018 WEF in Davos, Switzerland. Adam Galica | CNBC EBay is moving forward with a potential sale of ticket exchange company StubHub, sources told CNBC’s David Faber. The sources said eBay is still early in the process, but note there are “multiple” parties interested in buying StubHub. Shares

European stocks were muted early in Wednesday’s session as comments from U.S. President Donald Trump reignited fears over trade. The pan-European Stoxx 600 traded just below the flatline after the opening bell, oil and gas stocks tumbling 1.2% while household goods were the strongest early performers with a 0.5% rise. European Markets: FTSE, GDAXI, FCHI,

ASML Holding Semiconductor company logo seen displayed on smart phone. ASML is a Dutch company and currently the largest supplier in the world of photolithography systems for the semiconductor industry. ( SOPA Images | LightRocket | Getty Images Could the news get any worse for semiconductors? First the global slowdown clobbered them at the end

David M. Solomon, Chairman and CEO of Goldman Sachs, speaks during the Milken Institute’s 22nd annual Global Conference in Beverly Hills, April 29, 2019 Mike Blake | Reuters Goldman Sachs is years into transitioning from the bank of choice for millionaires to a more inclusive, consumer friendly brand. But the turnaround isn’t cheap. The New

European stocks were muted on Tuesday morning as traders monitor a slew of earnings reports. European Markets: FTSE, GDAXI, FCHI, IBEX The pan-European Stoxx 600 hovered just below the flatline in early trade, with construction and material stocks getting off to the strongest start with a 0.4% rise, while oil and gas shares slipped 0.6%.

The depressed valuations for banks and other financial firms mean “this is the time” for acquisitions and mergers in the industry, a former CEO of Wells Fargo said Monday. “Anytime you have high regulations in any industry, you get concentration, and banks are cheap,” Richard Kovacevich said on CNBC’s “Closing Bell. ” “So if you’re

Bay Ismoyo | AFP | Getty Images The second-quarter earnings season kicks into full gear this week, but a trend is already emerging with the companies that have reported so far. The strong dollar is eating away at company profits. Of the 5% of S&P 500 companies that have reported so far, more than half

European stocks traded higher Monday morning, despite worries that China’s economy is slowing amid a trade war with the U.S. European Markets: FTSE, GDAXI, FCHI, IBEX The pan-European Stoxx 600 edged 0.5% higher in early deals. Basic resources leading led the gains with a 1.3% rise while food and beverage stocks slipped 0.2% and were

Even if the Federal Reserve cuts rates later this month, Wilmington Trust’s Meghan Shue warns the market is vulnerable to a correction. The firm’s senior investment strategist believes Wall Street is overestimating the Federal Reserve’s influence to support the record highs. “The market is putting a lot of stake in the ability of the Fed

An earnings season that delivers will play an integral role in whether the market can maintain all-time highs, according to Crossmark Global Investments’ Victoria Fernandez. The chief market strategist believes Wall Street is completely discounting second earnings expectations right now, and that leaves little room for disappointments when the season kicks off this Monday. “Earnings

The Walt Disney Company CEO, Robert Iger arrives for the World premiere of Marvel Studios’ ‘Avengers: Endgame’ at the Los Angeles Convention Center on April 22, 2019 in Los Angeles. VALERIE MACON | AFP | Getty Images Disney is set to renew its multiyear carriage agreement with Charter, the second-largest U.S. pay TV provider, at

Geoffrey Berman, United States Attorney for the Southern District of New York, points to a photograph of Jeffrey Epstein as he announces the financier’s charges of sex trafficking of minors and conspiracy to commit sex trafficking of minors, in New York, U.S., July 8, 2019. Shannon Stapleton | Reuters Wealthy financier and accused child sex

Check out the companies making headlines in midday trading: Johnson & Johnson — Shares of the pharmaceutical and consumer goods company fell more than 5% after Bloomberg News reported that the U.S. Justice Department is launching a criminal investigation into whether or not the company lied to the public about potential cancer risks in its

The “Fast Money ” traders shared their first moves for the market open. Pete Najarian was a buyer of Delta Air Lines. Tim Seymour was a buyer of Alphabet. Karen Finerman was a buyer of JPMorgan. Dan Nathan was a buyer of UnitedHealth. Guy Adami was a buyer of Square.  Disclosure Trader disclosure: Pete is long

Longtime market bull Edward Yardeni suggests President Donald Trump is manipulating the Federal Reserve into cutting interest rates. In a recent research note, he wrote that Fed Chairman Jerome Powell is essentially getting “Trumped.” Yardeni contends the president is creating a contentious situation for the Fed by creating uneasiness around U.S. trade policy. According to

Check out the companies making headlines in the premarket: Illumina — Shares of the biotechnology company dropped 15% after Illumina reported preliminary revenue figures that disappointed investors. The company sees second-quarter sales coming in around $835 million. Analysts polled by Refinitiv expected revenue of $887.9 million. Zoom Video Communications, Slack Technologies — Zoom and Slack

The U.S. flag flies at a welcoming ceremony between Chinese President Xi Jinping and U.S. President Donald Trump in 2017. Getty Images News | Getty Images A Koch Industries executive was prevented from leaving the immediate vicinity of his hotel in southern China in early June, The New York Times reported Thursday, citing three sources.

President Donald Trump‘s public pressure on Jerome Powell to lower interest rates may have made the Federal Reserve chairman reluctant to do so, a former Fed official told CNBC on Thursday. “It may have held up his being willing to cut rates. It may have been counterproductive. So I don’t think he did it because

Marc Andreessen, co-founder and general partner of Andreessen Horowitz David Paul Morris | Bloomberg | Getty Images Venture capital firm Andresseen Horowitz is gearing up to increase its bets in financial technology. The Menlo Park, California-based firm said it’s hiring Credit Karma’s Anish Acharya as its newest general partner in an effort to beef up

Visa Inc. credit and debit cards are arranged for a photograph in Washington, D.C., U.S., on Monday, April 22, 2019. Andrew Harrer | Bloomberg | Getty Images The S&P 500 tops 3,000. What a difference five years makes. The S&P has moved 50% in less than five years, from 2,000 on August 26, 2014, to

Federal Reserve officials last month saw the case for easier monetary policy gain momentum, minutes from the central bank’s June meeting showed. “Several participants noted that a near-term cut in the target range for the federal funds rate could help cushion the effects of possible future adverse shocks to the economy,” the minutes said, which

Federal Reserve Chairman Jerome Powell was asked by Congress on Wednesday whether the recent strong U.S. jobs report changed his outlook on the economy and interest rates. “The straight answer to your question is no,” Powell said. “I think since the June meeting and even for a period before that the data have continued to

Pedestrians walk past an entrance to the Wall Street subway station near the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of Levi Strauss fell 6% following the release of the denim maker’s second quarter earnings. Levi reporter earnings per share of

Sir Richard Branson walks around the new Virgin Galactic SpaceShipTwo at its roll out in the Mojave Desert, about a year and a half after Virgin’s last rocket plane broke into pieces and killed the test pilot. Al Seib | Los Angeles Times | Getty Images There’s lots of excitement that tech superstar Chamath Palihapitiya’s