Markets
Buffett Watch: American Express challenges Apple for No. 1 slot in Berkshire’s portfolio
As Warren Buffett was appearing live on CNBC’s “Squawk Box” on Monday, February 24, 2020, futures were pointing to a drop of 3% for the stock market when it opened due to fears of a coronavirus pandemic. Buffett, however, wasn’t worried. He was, in fact, happy that stock prices would be going down. BECKY QUICK: […]
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Goldman says buy these five stocks ahead of earnings before it’s too late
Goldman Sachs says there’s still plenty of quality buying opportunities ahead of earnings. The Wall Street investment bank said companies such as Spotify are compelling, with more upside. Other buy-rated names screened by CNBC Pro include Eli Lilly, Roblox, Carlyle Group and On Holding. Carlyle Group Buy this cheap stock ahead of earnings, according to […]
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Cramer’s week ahead: Earnings from Eli Lilly, Alphabet and Amazon. Plus, jobs data
The stock market is well-positioned to bounce next week if the heavyweight companies set to report earnings deliver strong numbers, CNBC’s Jim Cramer said Friday. That’s because the market ended the week on a subdued note, the “Mad Money” host said, after the S&P 500 finished in the red for three straight days. The busy […]
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Buzz about Broadcom’s custom chips is testing, but not breaking Nvidia’s dominance
If money were not a factor, a Google software engineer says custom chips, like those from Broadcom , would always be his default selection to build cutting-edge artificial intelligence models. “I am a hundred percent using a custom chip of some sort if resources are not a constraint and I need to move fast and […]
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GameStop’s Ryan Cohen eyes ‘very big’ consumer megadeal that could increase company’s value tenfold
GameStop wants to acquire a publicly traded consumer company that’s far larger than the video game retailer in a deal that could be “transformational” for the company, CEO Ryan Cohen told CNBC in an interview Friday. “It’s gonna be really big. Really big. Very, very, very big,” Cohen said of the size of the acquisition. […]
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The hottest retail investor picks since the meme stock craze shook up Wall Street
Five years ago this week, retail investors launched a meme stock craze that would go on to become a key event in modern market history. The army of online traders began by short-squeezing stocks like GameStop , a move that was later memorialized in the 2023 movie “Dumb Money.” This group also centered focus on […]
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Chevron CEO says Venezuela is taking positive steps to protect private oil investment
Chevron CEO Mike Wirth said Friday that Venezuela has taken positive steps to protect investment by private oil companies since the Trump administration captured former President Nicolás Maduro. Venezuela on Thursday passed reforms to its hydrocarbon law that ease state control of the oil industry and grants private producers more autonomy. Wirth said Chevron is […]
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Stocks making the biggest moves midday: Newmont, Apple, Sandisk, Deckers Outdoor & more
Check out the companies making the biggest moves midday: Newmont , Freeport-McMoRan — The metals miners dropped 9.6% and 7.6%, respectively, as gold and silver faltered from record levels. The moves come after President Donald Trump picked Kevin Warsh to succeed Jerome Powell as Federal Reserve chair, easing fears that the central bank would lose […]
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Exxon CEO says Venezuela needs to transition to democracy for oil investment to make sense
Exxon Mobil CEO Darren Woods said Friday that Venezuela needs to transition to democracy in order for investment in the South American nation’s dilapidated oil industry to make sense. President Donald Trump is pressuring oil companies to invest at least $100 billion in Venezuela to rebuild the country’s oil industry after the U.S. captured former […]
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Trump finally makes his Fed chair pick — what Kevin Warsh means for investors
Financial markets took President Donald Trump ‘s pick of Kevin Warsh as the next Federal Reserve chair largely in stride, a sign investors see the former Fed governor as a credible steward of monetary policy despite expectations he may push for lower rates. Treasury yields were little changed on Friday immediately following the announcement, a […]
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