Goldman Sachs upgraded Micron over the weekend and injected optimism in the semiconductor space — and it has investors talking, CNBC’s Jim Cramer said Monday. An analyst at the investment bank predicted that excessive memory chip supply will sell off more quickly than once thought and that prices will begin to rebound in the third
TD Ameritrade traders on the floor of the New York Stock Exchange. Adam Jeffery | CNBC Check out the companies making headlines after the bell: TD Ameritrade gained nearly 2% in after-hours trading before losing those gains and falling a fraction of 1%. The financial services company reported third-quarter results that beat estimates and announced
Billionaires Carl Icahn and Warren Buffett. Getty Images (l) | CNBC (r) Activist investor Carl Icahn thinks Occidental Petroleum CEO Vicki Hollub got played by the Oracle of Omaha himself, Warren Buffett, in the company’s effort to buy Anadarko Petroleum. “Buffett figuratively took her to the cleaners,” Icahn said in a letter to shareholders Monday.
When it comes to financial independence, it probably comes as no surprise that parents and children are not on the same page. What is surprising is that young Americans anticipate being financially independent several years earlier than their parents expect them to. Young Americans say they’ll be financially independent by age 22. Meanwhile, their parents
A video still from the NBC archive showing Donald Trump talking with Jeffrey Epstein at a party in Mar-A-Lago from 1992. NBC Check out these names. The “black book” of wealthy financier and now-accused child sex trafficker Jeffrey Epstein is a smorgasbord of high-profile, powerful people, including Presidents Donald Trump and Bill Clinton, Britain’s Prince
If it’s hard to believe that one fish could be worth a mind-boggling $2.6 million, then you’re probably not familiar with the high-stakes world of tournament sports fishing. Marlin jumping off the coast of Ocean City. CNBC 2018 White Marlin Open CNBC The prize money for last year’s tournament ballooned to more than $11 million,
If some financial advisors seem to know clients’ needs before they do, there’s a good chance software is part of the reason. Financial technology — or fintech, for short — has increased competition in the advice business via automated online platforms. Yet at the same time, advisors have found that those digital advances have bolstered
Lennox International Air Conditioner systems Source: Lennox International. Despite a blistering heatwave across the East Coast this weekend, air-conditioner maker Lennox International pointed to colder weather as a key reason for cutting guidance and underperforming in the second quarter. The Texas-based company brought in second-quarter earnings per share of $3.74 — about 9% below analysts’
‘BAANG’ is the new ‘FAANG.’ So says technical analyst John Roque at Wolfe Research, who believes a group of gold miners he coined as BAANG— Barrick Gold, AngloGold, Agnico Eagle Mines, Franco-Nevada, Gold Fields — are better plays than mega-cap FAANG names as they might have reached their peaks and started losing steam. “We made
Young woman using laptop in a loft apartment Xsandra | E+ | Getty Images It doesn’t necessarily take a bachelor’s degree to land a well-paying, full-time, remote job. In fact, more companies are looking at qualifications beyond a formal education, thanks to the fierce competition for talent brought on by the 3.7% unemployment rate and
European stocks were mixed Monday morning, amid waning expectations of an aggressive interest rate cut by the Federal Reserve. The pan-European Stoxx 600 was flat during early morning deals, with most sectors and major bourses in negative territory. European Markets: FTSE, GDAXI, FCHI, IBEX Europe’s oil and gas stocks were among the best performers, amid
Chairman of the China Securities Regulatory Commission Yi Huiman presides over the launch ceremony of the SSE STAR Market or its Nasdaq-style tech board during the 11th Lujiazui Forum 2019 on June 13, 2019 in Shanghai, China. Zhang Hengwei | China News Service | VCG via Getty Images China is trying again to boost the
One of Wall Street’s biggest long-time bears is painting a painful picture for stocks as earnings season goes into full gear. Gluskin Sheff’s David Rosenberg warns earnings are “rolling over” and ominous economic data suggests the economy is on the brink of a recession. “Maybe a recession is not here. But it’s certainly suggesting of
Chris Hemsworth and director Taika Waititi of Marvel Studios’ ‘Thor: Love and Thunder’ at the San Diego Comic-Con International 2019 Marvel Studios Panel in Hall H on July 20, 2019 in San Diego, California. Alberto E. Rodriguez | Getty Images Entertainment | Getty Images A decade ago, moviegoers were introduced to Tony Stark. He was
(L-R) Chris Evans and Robert Downey Jr. speak onstage during the Los Angeles World Premiere of Marvel Studios’ ‘Avengers: Endgame’ at the Los Angeles Convention Center on April 23, 2019 in Los Angeles, California. Jesse Grant | Getty Images Entertainment | Getty Images “Avengers: Endgame” is now the highest-grossing film of all time. On Sunday,
A bottle of Diet Coke is pulled for a quality control test at a Coco-Cola bottling plant in Salt Lake City, Utah. George Frey | Getty Images With earnings season now in full swing, Wall Street analysts are advising clients there are plenty of buying opportunities. So far over 15% of companies in the S&P
Avengers Endgame Source: Marvel Studios. “Avengers: Endgame” is poised to outpace “Avatar” to become the highest-grossing film of all time in a matter of days, Kevin Feige, the head of Marvel Studios announced Saturday to a crowd of thousands in Hall H at San Diego Comic-Con. In just thirteen weeks in theaters, the Disney superhero flick
Taika Waititi and Natalie Portman speak at the Marvel Studios Panel during 2019 Comic-Con International at San Diego Convention Center on July 20, 2019 in San Diego, California. Kevin Winter | Getty Images Entertainment | Getty Images With “Spider-Man: Far From Home,” Phase 3 of the Marvel Cinematic Universe came to a close. Since the
Most people understand the virtues of a 401(k) when it comes to saving for retirement. Still, few know that there’s another employer-sponsored plan that could work just as well, if not better. Like a traditional 401(k), a Roth 401(k) lets you contribute up to $19,000 a year through automatic payroll deductions and may come with
A group of Southwest Airlines Boeing 737 Max 8 aircraft sit on the tarmac at Phoenix Sky Harbor International Airport in Phoenix, Arizona. Ralph Freso | Getty Images The worldwide grounding of Boeing 737 Max planes is now in its fifth month and disruptions to air travel are set to continue for several months more.
Congress is going crypto. Lawmakers from the U.S. Senate and House of Representatives heard testimony this week regarding Facebook’s Libra project in the interest of finding a way to regulate the digital payment system and ascertain how it is different from cryptocurrencies like bitcoin. In the hourslong confabs, Congress heard testimony from Calibra chief David
Hero Images | Hero Images | Getty Images The statistic is used to show how unequal things have become in the U.S.: Some 40% of Americans would struggle to come up with even $400 to pay for an unexpected bill. If — or, more likely, when — they’re confronted with such an expense, they’d probably
Tom Cruise on the set of “Top Gun.” Paramount Pictures | Sunset Boulevard | Corbis | Getty Images On Thursday, Paramount debuted the first trailer for “Top Gun: Maverick,” a sequel to the much beloved ’80s classic “Top Gun,” at San Diego Comic-Con. By Friday, eagle-eyed fans had spotted one big difference between the iconic
CNBC’s Jim Cramer said Friday that the steel cycle is making a turn and Nucor will be the best way to play the market. In recent weeks, the big steelmaker twice increased the price of flat-rolled steel that summed up to $80 per ton, and that’s how the turn in the group tends to start,
Boston Federal Reserve President Eric Rosengren is lining up against an apparent push to cut interest rates, telling CNBC in an interview Friday that the central bank can afford to be patient as long as the economy holds up. Speaking just 12 days before the Fed is expected to ease monetary policy, Rosengren said he
Eric Rosengren, president and chief executive officer of the Federal Reserve Bank of Boston at the Brookings Institution in Washington, D.C., on Jan. 8, 2018. Andrew Harrer | Bloomberg | Getty Images President Donald Trump’s constant berating of the Federal Reserve and its actions does not influence the central bank’s decisions on monetary policy, Boston
Former Major League Baseball star Alex Rodriguez is making it part of his mission to educate athletes about saving money. While they may make big salaries during their time on the field, many of them wind up broke once they leave the game. Instead of blowing all their money on big purchases such as fancy
Traders work on the floor of the New York Stock Exchange (NYSE) the morning after Donald Trump won a major upset in the presidential election on November 9, 2016 in New York City. Spencer Platt | Getty Images News | Getty Images Check out the companies making headlines midday: Microsoft — Microsoft hit an all-time
Tropical Storm Barry is shown in the Gulf of Mexico approaching the coast of Louisiana, in this July 11, 2019 NASA satellite handout photo. NASA | Reuters Homeowners dealing with damage from summer storms have another disappointment ahead: They may not be able to get a tax break for their losses. That’s because a provision
FAANG stocks displayed at the Nasdaq. Adam Jeffery | CNBC The mega-cap tech stocks that have led much of the record-long bull run have started to lose steam, but investors are still giving them the benefit of the doubt. The so-called FANG block of tech giants — Facebook, Amazon, Netflix and Google’s parent Alphabet —
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