Real Time Financial News Website
Here are the biggest calls on Wall Street on Tuesday: BTIG upgraded Zoom to buy from neutral BTIG upgraded the business teleconferencing service after its strong second-quarter earnings report and…
A View from the Top is a Q&A series exclusively available on CNBC Pro. CNBC reporters will regularly speak with a business leader about decision-making, investing and industry news. The…
Penn National Gaming’s investment in David Portnoy’s Barstool Sports is nothing short of brilliant, pairing one of the largest online gambling platforms with a devout fanbase and brand, according to…
General Electric has a bumpy road ahead and won’t be seeing a “V-shaped” recovery, JPMorgan analyst Stephen Tusa said in a note Monday. The ailing industrial giant beat Wall Street…
Carlyle Group co-founder David Rubenstein told CNBC on Monday he is “still a little nervous” about the stock market’s robust rally from its coronavirus-era lows. “I think the market has…
It’s been a great August, up 6% for the S&P 500, the best August since 1986. But then again, it was a great July. And a great June. May was…
Stifel analysts have for weeks fielded calls from clients all wondering the same thing: “Which stocks should I own if I expect a Covid-19 breakthrough?” The brokerage feels that almost…
It’s time for investors to cash in some of their chips on two gambling stocks, according to Morgan Stanley. The firm downgraded DraftKings and Penn National Gaming to equal weight…
Shares of Abbott Laboratories soared on Thursday after the company gained emergency authorization for a cheap, rapid Covid-19 test that Wall Street analysts are praising. The company announced on Wednesday…
The new rapid test for Covid-19 from Abbott Laboratories could be the development that sparks a turnaround for the travel industry, CNBC’s Jim Cramer said Thursday. The medical device company…
Wall Street is underestimating high flying fitness stock Peloton’s growth potential even after rallying nearly 140% this year, according to Goldman Sachs. The Wall Street firm — which has a…
The cryptocurrency market is buzzing as prices continue to hold in the green territory and investors keep hopes alive for a rerun of 2017 all-time high. As of Tuesday, morning…
One technology fund is having its best year ever thanks to big positions in the companies befitting the most from the coronavirus era. The Touchstone Sands Capital Select Growth Fund…
Stocks have delivered very impressive gains recently. Indeed, indexes are circling record levels, boosted by strong second quarter earning reports and reopening optimism. That’s despite economic decline and rising jobless…
When the coronavirus pandemic left Michele Hamed furloughed from her waitressing job, she panicked. The 45-year-old single mother from Jacksonville, Florida, had nothing saved in case of emergency. “We weren’t…
This Black borrower has an outrageous story about his mortgage refinance. When the coronavirus struck the U.S. in early spring, and the stock market went into freefall, mortgage rates began…
A second round of stimulus checks may be on the way, and the potential payments being discussed in Congress look a lot like those offered via the CARES Act that…
JPMorgan’s chief U.S. equity strategist said Monday he sees an opportunity for investors to buy stocks that have been significantly impaired by the coronavirus pandemic, contending these laggards may lead…
SpaceX is manufacturing its Starlink satellites at an unprecedented rate for the space industry, analysts say, as the company dives headlong into building a space-based global internet service. Elon Musk’s…
Turkish authorities are working on a plan to exempt global investment banks from some restrictions on swapping foreign exchange for liras after easing access for international development banks, according to…
A declaration by the Federal Government, which suggested the other day that the Nigerian economy is resilient enough with self-sufficient parameters to attract Foreign Direct Investments (FDIs), deserves some examination.…
U.S. stocks rose on Monday after a two-day slide, as investors shrugged off surging COVID-19 cases and U.S.-China tensions, betting instead on more stimulus and a dovish signal from the…
Global Economy After more than four days of negotiations, European Union (EU) leaders finally agreed on a landmark stimulus package worth EUR750 billion (USD860 billion) to pull their economies out…
erves are fraying underneath the stock market’s technology-fueled rally. Short bets against the biggest equity exchange-traded fund are stubbornly high and recently ticked up, even after the ETF’s 41% climb…
Sterling was headed for its first positive week in four against the dollar on Friday, holding close to the $1.25 mark as a week of negotiations between Britain and the…
Multi-strategy hedge funds have made massive gains in the first six months of the year aided by the Federal Reserve’s efforts to prop up financial markets, according to the Financial…
Wall Street is moving some bets on COVID-19 vaccines to large pharmaceutical companies with robust manufacturing capabilities, signaling that a love affair with small biotech firms might be ending after…
Warren Buffett has likened it to a forest, laid out its building blocks, and even tried to break it down into different groups to explain the setup. But his Berkshire…
The pan-European Stoxx 600 closed 0.4% lower, with most sectors and major bourses in negative territory. Markets had advanced as much as Those early gains were wiped out amid an…
European markets are set to open higher on Friday morning despite surging coronavirus cases in the U.S. and further warnings about a second market meltdown from the International Monetary Fund…