Traders work on the floor at the New York Stock Exchange, November 4, 2019. Brendan McDermid | Reuters Stock futures pointed to a higher open on Thursday morning, adding to a record-setting rally in the year-end. Futures on the Dow Jones Industrial Average rose about 36 points, implying a 31-point gain at the open. Futures
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A view of electric cars owned by a local car-sharing company in Wuhan, China. Feature China | Barcroft Images | Barcroft Media | Getty Images BEIJING — When an idea strikes a chord with national ambition in China, the result can be millions of dollars wasted and a handful of start-ups struggling to survive in
Former Uber Technologies CEO and co-founder Travis Kalanick walks on the floor of the New York Stock Exchange during the company’s IPO May 10, 2019. Andrew Kelly | Reuters Travis Kalanick is on course to completely exit his stake in Uber. The co-founder and former CEO of the ride-hailing company has sold more than $2.5
Check out the companies making headlines before the bell: Boeing (BA) – Boeing told suppliers for its grounded 737 Max jet to suspend parts shipments for one month starting in mid-January. That follows the firing of CEO Dennis Muilenburg earlier in the day. Uber (UBER), Lyft (LYFT) – Uber and Lyft won a New York
US President Donald Trump holds up a “Trump Digs Coal” sign as he arrives to speak during a Make America Great Again Rally at Big Sandy Superstore Arena in Huntington, West Virginia, August 3, 2017. Saul Loeb | AFP | Getty Images President Donald Trump has taken historically unprecedented action to roll back a slew
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Wednesday, April 17, 2013. U.S. stocks sank, erasing yesterday’s rally, amid losses in industrial metals and disappointing results from Bank of America Corp. Scott Eells | Bloomberg | Getty Images By one measure, the shift to passive investing
Traders work on the floor of the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images Here are the most important things to know about Tuesday before you hit the door. 1. Early close We’ll get a short trading day on Christmas Eve with the stock market closing at 1 p.m. ET and
Traders work on the floor of the New York Stock Exchange (NYSE) on July 10, 2019. Spencer Platt | Getty Images After a record-breaking 2019, Wall Street generally expects much more modest gains for stocks next year. But for investors looking for ways to beat the market, Goldman Sachs has a portfolio that it expects
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