Pedestrians walk past the New York Stock Exchange before the closing bell in New York. Bryan R. Smith | AFP | Getty Images A new kind of exchange-traded fund is expected to grant active money managers a way to offer their strategies without divulging their stock picks and methods, a key hang-up that’s kept them
Alys Tomilson | Getty Images Student loans aren’t the reason there’s a student debt crisis in this country. The real problem is that there’s not adequate education, information or support systems in place to help students (and their families) make smarter college choices while they are still in high school. Nationwide, college student loan debt
Kevin Plank, CEO, Under Armour Here are the biggest calls on Wall Street on Friday: J.P. Morgan upgraded Under Armour to ‘overweight’ from ‘neutral’ J.P. Morgan upgraded the stock after positive meetings with management. “We hosted HQ meetings in Baltimore with CEO Kevin Plank, COO/President Patrik Frisk, CFO David Bergman and Chief Digital Officer Paul
Apple CEO Tim Cook attends the annual session of China Development Forum (CDF) 2018 at the Diaoyutai State Guesthouse in Beijing, China March 26, 2018. Jason Lee | Reuters Nomura Instinet lowered its price target on Apple shares to $175 from $180 on Friday, citing a coming “trade strain” on the company’s earnings. “The renewal
Ben Silbermann, co-founder and chief executive officer of Pinterest Inc. Tomohiro Ohsumi | Bloomberg | Getty Images Wall Street analysts are sticking with Pinterest despite its rocky first earnings report. The social media platform on Thursday afternoon posted a much bigger loss than many expected. Most analysts feel the social media company, which went public
A John Deere excavator on display at the CONEXPO show in Las Vegas. Michael Newberg | CNBC Deere on Friday missed quarterly profit estimates for the fifth-straight quarter and cut its full-year outlook, as an escalating U.S.-China trade war threatens to further hit farm incomes and demand for Deere’s equipment. Shares of Deere, known for
A deliveryman carrying bags of coffee walks out a Luckin Coffee in Beijing on August 2, 2018. Wang Zhao | AFP | Getty Images Chinese start-ups are growing faster than their American peers. A prime example is Luckin Coffee, the self-declared Starbucks rival in China that is set to go public in New York on
Wall Street has seen what happens when “irrational exuberance” comes back down to reality in the long-awaited Uber and other companies that have come public this year, CNBC’s Jim Cramer said. The cannabis cohort is another group that has had a similar result as American states gradually legalize the drug and taboo dies down. “Whenever
Tradeweb Markets Inc.: “That’s a very smart company … I’ve gotta tell you it’s got these big bank stakes. They’re all behind it. It’s gonna work.” Amgen Inc.: “I don’t know. It’s got a yield. You probably want more than that.” Palo Alto Networks Inc.: “Charitable trust owns it. We’re staying in it. Buy it.”
The stock market had a number of winners Thursday and many of them are names that have made slower gains than the rest of the market, CNBC’s Jim Cramer said. “In this newly rejuvenated market, it’s time to reach for the laggards and play catch-up,” the “Mad Money” host said. “The names on this list
Chipmaker Nvidia saw shares rise as much as 7% and then scale back on Thursday after it reported better-than-expected earnings for the first quarter of fiscal 2020. Here are the key numbers: Earnings: 88 cents per share, excluding certain items, vs. 81 cents per share as expected by analysts, according to Refinitiv. Revenue: $2.22 billion,
Pinterest CEO Ben Silbermann speaks in conversation with Matthew Lynley of TechCrunch during the TechCrunch Disrupt SF 2017 on September 18, 2017 in San Francisco, California. Justin Sullivan | Getty Images News | Getty Images Pinterest plunged as much as 19% after releasing its first quarterly earnings report as a public company after the markets
Two of Cisco Systems’ top executives told CNBC that additional U.S. tariffs on Chinese imports would not just harm the San Jose, California-based network equipment maker but American industries as a whole. “If it goes to all China imports it’s not only going to impact us, but it’s going to impact every industry,” Cisco CFO
Online fashion house Farfetch’s CEO Jose Neves and members of the company’s leadership team ring the opening bell to celebrate their IPO at the New York Stock Exchange in New York, September 21, 2018. Brendan McDermid | Reuters Check out the companies making headlines midday Thursday: Citigroup, J.P. Morgan Chase, Bank of America — Bank
A man walking past a Huawei P20 smartphone advertisement is reflected in a glass door in front of a Huawei logo, at a shopping mall in Shanghai, China December 6, 2018. Aly Song | Reuters Chip stocks have been struggling of late as trade tensions between China and the U.S. increase. The Trump administration’s latest
Pedestrians walk past a stock indicator board showing the share price index of the Tokyo Stock Exchange (C, top) in Tokyo on December 25, 2018. – Jiji Press | AFP | Getty Images To avoid doing something you’ll regret, you might have decided to look away from your investments until all those trade war headlines start
Cisco CEO Chuck Robbins speaks during the opening ceremony of the 4th World Internet Conference in Wuzhen in China’s eastern Zhejiang province on December 3, 2017. – | AFP | Getty Images Cisco shares rose more than 6% Thursday after the networking company beat estimates on earnings and revenue and delivered strong revenue guidance for the
David Paul Morris | Bloomberg | Getty Images The ramifications of the U.S.-China trade war are being felt far and wide. Now, the dispute is causing Wall Street analysts to take drastic measures and remove their buy ratings on stocks in their coverage universes. Companies feeling the heat cover a wide range of sectors and
Your journey on the road to building wealth begins with one question: Have you earned the right to invest? Even the most ambitious savers need to go through a little bit of prep work before they start socking away cash into a brokerage account, an individual retirement account or any other long-term investment. “Before you
If you regularly contribute to a health savings account and plan to claim Social Security past your full retirement age, watch out. That’s because you can no longer contribute to an HSA once you’re on Medicare, no matter whether you sign up just for Part A hospital coverage (which is free) or additional parts of
Millennials have been in no rush to move out on mom and dad. Nearly 22% of them, or more than 14 million young adults, still live with one or both parents, according to real estate website Zillow. That is the highest share for this age group since at least 2000. Millennials, especially older ones, have
A man sits outside the Metropolitan Museum of Art in New York. Michelle Bennett| Getty Images New York’s Metropolitan Museum of Art announced Wednesday that it would no longer accept gifts from members of the Sackler family, the principal owners of a pharmaceutical company behind the painkiller blamed for fueling the deadly opioid epidemic. The
Walmart on Thursday reported fiscal first-quarter earnings that topped analysts’ expectations despite a recent string of investments weighing on margins. The world’s largest retailer said the results put it in a “good position” to achieve its full-year goals, even though it will face tougher comparisons during the second quarter because of weather-related benefits it reaped
PARIS — Solving the question of “digital trade” is just as crucial to trade talks between the United States and China as conversations around resolving tariffs on physical goods, IBM CEO Ginni Rometty told CNBC Thursday. “I’m hopeful that these things get resolved,” Rometty told CNBC’s Karen Tso, speaking about trade tensions between the two
Tim Cook, chief executive officer of Apple Inc., speaks during the Apple Worldwide Developers Conference (WWDC) in San Jose, California, U.S., on Monday, June 4, 2018. David Paul Morris | Bloomberg | Getty Images Steam Link, a free app that enables gamers to play PC games on mobile devices, is now available to download on
CNBC’s Jim Cramer said Wednesday that his “Cloud King” group of red-hot technology stocks have become go-to names when investors are concerned about an economic slowdown. That explains why Workday, Splunk, VMWare, Twilio and Adobe surged as much as 3.33% during the trading day, while the smaller cloud play in Trade Desk jumped nearly 8%, he
Luxury fashion items sit on display beside tablet devices at the launch of the Farfetch “Store of the Future” pop-up exhibition, at the Design Museum in London, U.K., on Wednesday, April 12, 2017. Luke MacGregor | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of Cisco Systems rose more
Adam Neumann, co-founder and chief executive officer of WeWork. Michael Nagle | Bloomberg | Getty Images As newly public companies representing the sharing economy, Uber and Lyft stumbled out of the gate. WeWork is trying to prepare a different narrative for Wall Street. In an interview with CNBC to discuss the company’s first-quarter financials, CFO
Cisco’s Chairman and CEO Chuck Robbins speaks to participants during the Viva Technologie show at Parc des Expositions Porte de Versailles in Paris on May 24, 2018. Chesnot | Getty Images Cisco shares rose as much as 3% after hours on Wednesday after the company reported better-than-expected earnings for the third quarter of its 2019
President Donald Trump speaks at the 38th Annual National Peace Officers Memorial Service on Capitol Hill in Washington, May 15, 2019. Carlos Barria | Reuters When it comes to his position on the U.S.-China trade dispute, President Donald Trump is still playing the role of a riverboat gambler on a hot streak. Nearly a year