Finance

Chesnot | Getty Images Entering 2020, the IPO market for billion-dollar start-ups funded by Silicon Valley venture capitalists should be healthy; that is, if market conditions were the big factor to consider in assessing 2019. The Dow Jones Industrial Average has risen almost 20% year to date, the S&P 500 even more, and yet the

Brad Garlinghouse, chief executive officer of Ripple Labs Inc. David Paul Morris | Bloomberg | Getty Images Blockchain start-up Ripple says it’s raised a $200 million investment round, lifting its valuation to a huge $10 billion. The fundraising was led by New York investment company Tetragon, Ripple said Friday, while Japan’s SBI Holdings and Virginia-based

Nobel-prize winning economist Robert Shiller believes the record market rally could last months — if not more. He suggests there’s an emotional high gripping the market right now that shows little signs of fading. “I put Trump as the primary cause of the recent strength in the market,” the Yale University professor told CNBC’s “Trading

Nike sneakers on display Mike Pont | Bloomberg | Getty Images Check out the companies making headlines in midday trading. U.S. Steel — U.S. Steel shares dropped 8.1% after the company cut its dividend and issued fourth-quarter earnings guidance that was well below analyst expectations. The company expects it will lose $1.15 per share in the

Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters The S&P 500 just crossed 3,200 for the first time ever, hitting its seventh round-number milestone of 2019, a year that has a good chance at being one for the record books. With less than two weeks left in 2019,

Integrated circuits on a circuit board. The semiconductor industry has been in focus during the U.S.-China trade war. filonmar | E+ | Getty Images When top-rated analyst Stacy Rasgon initiated his coverage on semiconductors in June 2009, little did he know a sea change was on the horizon. “I launched right at the bottom with

Fans celebrate after making bets through FanDuel Sportsbook during Super Bowl LIII in East Rutherford, New Jersey, on Feb. 3, 2019. Eduardo Munoz | Reuters (This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click here.) States are increasingly pushing for the legalization

A man dressed as Santa Claus walks the floor of the New York Stock Exchange. Shannon Stapleton | Reuters The so-called Santa Claus rally is around the corner, a short boost in stocks that investors have enjoyed for decades. The stock market tends to have unusually strong performance during the final five trading days of

Chinese President Xi Jinping Aris Messinis | Pool | Reuters Chinese leader Xi Jinping said on Friday the “phase one” trade deal is beneficial to both China and the U.S., according to state-run media agency Xinhua. “The first-phase economic and trade agreement reached between the U.S. and China is a good thing for the U.S.,

A holiday shopper enters the New York City Subway following Black Friday shopping, November 29, 2019. Brendan McDermid | Reuters Consumer sentiment rose slightly in December as President Donald Trump’s impeachment did not dent economic expectations, the University of Michigan’s Surveys of Consumers said Friday.  The index of consumer sentiment reached 99.3 for the month.

US President Donald Trump speaks on the United StatesMexicoCanada Agreement (USMCA) trade agreement at Derco Aerospace Inc. plant in Milwaukee, Wisconsin on July 12, 2019. Mandel Ngan | AFP | Getty Images President Donald Trump was impeached Wednesday night by the House of Representatives, yet stocks are headed higher on Thursday, continuing a rally that’s

Jaap Arriens | NurPhoto | Getty Images Tech dealmakers have been on a hot streak. But they may need to toss out their old M&A playbooks as the landscape changes, according to a new report from Bain Wednesday. Heading into 2020, executives are faced with higher valuations, competition from corporate giants names like Intel and

A Bank of America customer uses a bank card Kelsey Kaspar | Bloomberg | Getty Images A glitch at the Federal Reserve on Thursday delayed direct deposits and other financial transactions at banks across the U.S. A statement from Federal Reserve Bank Services said its automated clearing house (ACH) network began “experiencing a disruption on December

U.S. Democratic presidential candidate and former U.S. Vice President Joe Biden. Steve Marcus | Reuters Joe Biden’s fundraising network is about to get a big boost just in time for 2020. Marc Lasry and Blair Effron, two of the most influential and prolific Wall Street Democratic fundraisers, are lining up behind the former vice president

Traders on the floor of the New York Stock Exchange. Brendan McDermid | Reuters This decade’s surge in corporate debt could pressure stocks in 2020 as corporate earnings slow to a crawl, hurting the ability of companies to timely repay that debt and keep the solid credit ratings that allow them to borrow so cheaply,

A button for launching the Netflix application is seen on a remote control in this photo illustration in Warsaw, Poland on April 25, 2019. Jaap Arriens | NurPhoto | Getty Images Check out the companies making headlines in midday trading. Netflix — The streaming giant’s stock rose more than 3% after the company disclosed figures

A FedEx plane is parked at Ontario International Airport on February 4, 2019. Check out the companies making headlines after hours on Tuesday: FedEx — Shares of the shipping giant fell nearly 7% in extended trading on Tuesday after the company posted weaker-than-expected earnings. In the company’s second quarter, FedEx reported adjusted earnings per share

Kevin Lamarque | Reuters On Nov. 25, 2008, the Federal Reserve launched the shot heard around the financial world. The U.S. central bank announced it would start using digitally created money to buy mortgage debt in an effort to drive down interest rates and resuscitate a dead housing market. Along with a series of cuts

National Economic Council Director Larry Kudlow maintained a cautious optimism around the trade agreement struck by China and the U.S. He told CNBC’s “Power Lunch” on Friday the deal should lift business confidence, but “we will see how it works. We will see if the Chinese stay with their word.” China and the U.S. agreed

President Donald Trump speaks to reporters in Washington, December 7, 2019. Erin Scott | Reuters The trade deal agreed to by the U.S. and China diffuses tensions between the world’s two largest economies, and could help boost corporate profits and the global economy next year, analysts say. That would be a positive for stocks and