Investing

The fantasy sports website DraftKings Scott Olson | Getty Images Daily fantasy sports company and bookmaker DraftKings is merging with a special purpose acquisition company, allowing it to become public while forgoing the typical IPO process. DraftKings is combining with SBTech, a betting and gaming company, and Diamond Eagle Acquisition Corp., a SPAC with a

Ethan Brown, founder and chief executive officer of Beyond Meat Inc., center, rings the opening bell during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, U.S., on Thursday, May 2, 2019. Beyond Meat’s successful initial public offering at $25 a share, the top end of its increased range, shows appetite

Tesla CEO Elon Musk speaks during the unveiling of the new Tesla Model Y in Hawthorne, California on March 14, 2019. Frederic J. Brown | AFP | Getty Images In the midst of a fourth-quarter surge that launched Tesla’s stock past CEO Elon Musk’s $420 per share takeout value, Morgan Stanley reiterated its $250 price target

Wall Street veteran Byron Wien won’t release his legendary 2020 market surprises until January, but he offered one that didn’t make the cut Tuesday on CNBC. “Watch gold in 2020,” the vice chairman of private wealth solutions at Blackstone said on “Squawk on the Street.” “It has a chance to be an interesting investment.” Wien,

Todd Combs, portfolio manager and investment officer of Berkshire Hathaway Inc., arrives for the morning session of the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, U.S., on Friday, July 12, 2019. Patrick T. Fallon / Bloomberg / Getty Images Geico, the auto insurer owned by Berkshire Hathaway Inc, on Monday named

Morgan Stanley has flagged 29 Chinese stocks that are most likely to benefit from the completion of a phase one deal between the U.S. and China. Nearly half of them are from the information technology sector, which has been hit by the trade war as those companies have been on tariff lists. Eight are from

Netflix CEO Reed Hastings gives a keynote address, January 6, 2016 at the CES 2016 Consumer Electronics Show in Las Vegas, Nevada. Robyn Beck | AFP | Getty Images As 2010 began, Netflix was a nascent challenger to the sprawling media industry, worth less than $8 a share. Fast forward ten years – and a

Casters are showered with sparks, or ‘skeeters,’ as molten steel is shaped into bars called ‘billets’ at the TAMCO steel mini mill on in Rancho Cucamonga, California. David McNew | Getty Images United States Steel headed for one of its worst days of the year on Friday after it cut its dividend to 1 cent,

Cruise ship anchored off the shore of Grand Cayman Island, Royal Caribbean cruise liner Mariner of the Sea MyLoupe | Universal Images Group | Getty Images (This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, .) There’s still time for investors to beef

dimid_86 | Getty Images Where some see a mark of regret, Soliton sees a market opportunity. As more and more tattoo-bearing millennials age into their 30s, dermatologists are experiencing an uptick in tattoo regret syndrome. However, tattoo removal treatment has remained largely the same for decades, an expensive and painful procedure that can lead to

Traders work on the floor at the closing bell of the Dow Industrial Average at the New York Stock Exchange. Bryan R. Smith | AFP | Getty Images (This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click .) Many Wall Street analysts

Michael Farr Scott Mlyn | CNBC Farr, Miller & Washington is a “buy-to-hold” investment manager, which means we make each investment with the intent to hold the position for a period of 3-5 years. Nevertheless, in each of the past twelve Decembers I have selected and invested personally in ten of the stocks we follow

Democratic presidential candidates do not seem particularly concerned about Americans’ retirement savings accounts, CNBC’s Jim Cramer said Friday. “I listened to the Democratic debate last night. None of those candidates, I find, is really interested in your 401(k),” Cramer said on “Squawk on the Street.” Seven candidates qualified for Thursday’s primary debate in Los Angeles,

A man shows AirPods Pro at an Apple store on East Nanjing Road on October 30, 2019 in Shanghai, China. Apple’s new AirPods Pro with active noise cancellation are on sale on October 30 in China. Wang Gang | VCG | Getty Images Sales of Apple‘s AirPods nearly doubled to $6 billion this year and

Mark Carney, Bank of England Governor, in an interview in Washington, D.C. on October 13, 2017. Isabella Basco | CNBC The Bank of England (BOE) has admitted that a rogue supplier has been misusing feeds from its press briefings since earlier this year, giving high-speed traders access to potentially market-moving information seconds before rivals. Following

We sat down with Art Cashin, managing director of UBS Financial Services who’s patrolled the floor of the New York Stock Exchange for more than fifty years, at Bobby Van’s Steakhouse to chat about what’s ahead in 2020. Here are three predictions the veteran Wall Street trader offered for 2020: Prediction one: Despite a still

David M. Solomon, Chairman and CEO of Goldman Sachs, speaks during the Milken Institute’s 22nd annual Global Conference in Beverly Hills, April 29, 2019 Mike Blake | Reuters Goldman Sachs is in advanced negotiations with the U.S. Department of Justice to pay about $2 billion in fines tied to its role in the 1MDB scandal,

A man uses a credit card to pay for gas in Miami, Florida. Getty Images America is a nation of contrasts, and credit card debt is no exception. With unemployment at a 50-year low and the stock market hitting record highs, confident consumers are spending with abandon, adding a projected $80 billion in U.S. credit

A FedEx employee loads up deliveries in San Francisco. Getty Images “Face plant” and “awful” aren’t descriptors CEOs want to hear after reporting quarterly profit numbers. But FedEx’s second-quarter results were so bad — the profit decline so steep — that such severe language is not only justified, but it wouldn’t be surprising to see

An aerial photo shows Boeing 737 MAX aircraft at Boeing facilities at the Grant County International Airport in Moses Lake, Washington, September 16, 2019. Lindsey Wasson | Reuters Boeing will still burn more than $1 billion a month even after halting 737 Max production, according to J.P. Morgan. Boeing’s decision to stop suspend production of