Investing

Wall Street sees Rex Tillerson‘s exit as secretary of State as part of an ongoing “soap opera” in the White House, closely followed trader Art Cashin told CNBC on Tuesday. “And there will be developments that [Wall Street] will watch and see where they go,” including trade, said Cashin, UBS director of floor operations at
0 Comments
Not even PresidentDonald Trump‘s new tariffs can bring down the 9-year bull market, according to Wall Street veteran Edward Yardeni. “Bear markets are caused by recessions,” Yardeni told CNBC’s “Power Lunch” on Monday. “It would have to be an event, in my mind, that causes a recession.” Yardeni, president and chief investment strategist at Yardeni
0 Comments
Regional banks could see more shaky trading on Friday after an unpredictable Thursday. But don’t be spooked by swings. This is still the space to watch, says one market veteran. “We would continue to own the space,” Michael Bapis, partner and managing director at the Bapis Group at HighTower Advisors, told CNBC’s “Trading Nation” on
0 Comments
The rising yields on U.S. bonds have started a new trend: holding cash, a market strategist told CNBC on Friday. U.S Treasurys have seen yields rising since the start of the year on fears that inflation will creep up at a faster-than-expected pace, and the Federal Reserve will therefore be forced to increase interest rates
0 Comments
Check out which companies are making headlines before the bell: Boeing — Chairman and CEO Dennis Muilenburg told Reuters the aerospace manufacturer has “plenty of cash horsepower” to make acquisitions, such as the proposed tie-up with Brazil’s Embraer. The chief executive said Boeing was “making progress” in its talks with Embraer and is looking at
0 Comments
Tesla shareholders should use any rallies in the electric car maker’s stock to get out, according to one top Wall Street firm. Morgan Stanley reiterated its equal weight rating for Tesla shares, saying Amazon may lower transportation logistics costs, hurting the company’s trucking opportunity. “We expect that Tesla will successfully overcome bottlenecks and ramp Model
0 Comments
Bitcoin fell below $9,000 during Friday afternoon Asia trade, extending losses seen earlier in the week when it dropped below the key $10,000 level. The cryptocurrency fell as low as $8,370.80, down 24 percent for the week, according to CoinDesk’s bitcoin price index. Bitcoin recovered to near $8,995 as of 8:02 a.m., ET. That’s still
0 Comments
Getty Images The Mattel sign is pictured at the Nuremberg International Toy Fair, Jan. 29, 2014, in Nuremberg, Germany. Check out the companies making headlines after the bell Thursday: Mattel stock dropped nearly 5 percent after hours after it was reported that Toys R Us may liquidate its U.S. operations. Hasbro stock followed suit, falling
0 Comments
Bitcoin fell again Thursday, bringing its two-day losses to more than 18 percent, after news of increased regulatory scrutiny of cryptocurrency exchanges. The cryptocurrency hit a high of $11,432 Tuesday but had fallen 18.4 percent to near $9,319 as of 3:34 p.m., according to CoinDesk’s bitcoin price index. Earlier Thursday, bitcoin’s losses suddenly accelerated and
0 Comments
Markets have been weaker midday Wednesday because the Street is starting to realize that there is an increasing likelihood these initial salvos on steel and aluminum tariffs may indeed escalate into a wider trade conflict, something traders have been in denial about all week. I’ve often said markets don’t lie, but they can sometimes delude
0 Comments
February’s brutally volatile market saw investors flee U.S. stocks in near-record numbers, and they’re only slowly coming back. Funds that focus on domestic equities saw investors withdraw $41.1 billion during the month, according to data from TrimTabs, which said it was the third-most in the market data firm’s records. Global funds went in the other
0 Comments
The stock market is selling off on fears that top White House economic advisor Gary Cohn could resign, CNBC’s Jim Cramer said Tuesday. In a short tweet Tuesday morning, Cramer simply said: “Cohn sell off.” @jimcramer: Cohn sell off U.S. stocks were lower Tuesday, with the Dow Jones industrial average down more than 100 points,
0 Comments
In a standard retirement account, your investments are typically limited to stocks, bonds and money market funds. “If you walk into Fidelity and say, ‘Put bitcoin into my IRA, they’ll say, ‘Get lost’,” Slott said. So if you want to invest your retirement savings in cryptocurrencies, you’ll need what’s known as a “self-directed” account, which
0 Comments
Tony Avelar | Bloomberg | Getty Images Brad Garlinghouse, chief executive officer Ripple Cryptocurrency ripple climbed Monday amid renewed speculation that popular exchange Coinbase would add the cryptocurrency to its platform. Coinbase tweeted Monday that the company has “made no decision to add additional assets to either GDAX or Coinbase” and that “any statement to
0 Comments
Today, now faced with $1 trillion annual budget deficits, Washington will again be increasingly reliant on the “kindness of strangers” to finance those shortfalls. But will those “strangers,” particularly China and Japan, the two largest holders of U.S. debt, stop purchasing U.S. bonds, or sell them outright, in retaliation for U.S.-imposed tariffs? And, if the
0 Comments
McDonald’s new value offering isn’t off to a good start, according to one Wall Street firm. RBC Capital Market reduced its sales and earnings estimates for McDonald’s shares. The company launched its $1, $2 and $3 menu in January. “We significantly lower our US SSS [same-store sales] expectations due to deteriorating industry conditions and a
0 Comments