Investing

A trader, center, wears a Citigroup jacket while working on the floor of the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images U.S. stock markets are near record high levels and UBS strategists are predicting a continued slowdown in the economy, which the firm expects will pressure the S&P 500 until the

Angel Navarrete | Bloomberg | Getty Images In a first for the industry, Spanish oil and gas company Repsol has pledged to be carbon neutral by 2050 to comply with environmental goals set by the Paris Agreement, the company said on Monday. The pledge is, however, non-binding. The company outlined a number of ways in

If a U.S.-China trade deal is off the table, stay away from the stock market, says Jeremy Siegel, Wharton School professor of finance. The Dow Jones Industrial Average lost more than 250 points after President Donald Trump indicated he might wait until 2020 to strike a trade deal with China. The White House reportedly still plans

Lululemon is beginning to look like Nike, Cowen said on Tuesday as it raised its price target on the stock to $250. The firm said Nike’s valuation provides a map for Lululemon’s future, and that when applying Nike’s multiple to Lululemon’s financial metrics and growth opportunities, there’s a path toward a $40 billion market cap,

Traders on the floor of the New York Stock Exchange. Brendan McDermid | Reuters The biggest stock winners this year are leading the market decline on Monday as investors dumped momentum stocks after market sentiment turned sour. The top 10 performers this year in the S&P 500 are all in the red on the first

Mark II Unitorque electric pumping unit at a crude oil well site outside South Heart, North Dakota. Daniel Acker | Bloomberg | Getty Images Pretty much every trade has worked on Wall Street this year except one: natural gas. Futures prices fell to a one-month low on Friday after plunging more than 12% for the

ROKU CEO Anthony Wood Source: CNBC Here are the biggest calls on Wall Street on Monday: Morgan Stanley downgraded Roku to ‘underweight’ from ‘equal weight’ Morgan Stanley said in its downgraded that revenue and gross profit growth will slow meaningfully in 2020. “Roku continues to execute a sound strategy to capitalize on the shift to

Elon Musk, co-founder and chief executive officer of Tesla Motors. Yuriko Nakao | Bloomberg | 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 here.) Wall Street analysts tend to run in packs, with most stocks finding an informal consensus

Berkshire Hathaway’s cash hoard keeps growing, topping $128 billion according to the company’s latest SEC filing. Now, we finally have an idea of what Warren Buffett has been thinking of doing with some of that money. In a little-noticed announcement late Wednesday, Tech Data said it has agreed to be bought by private-equity firm Apollo

Warren Buffett Gerard Miller | CNBC Despite having $128 billion to burn, Warren Buffett just backed out of a bidding war after a slightly higher offer topped Berkshire Hathaway’s. If the Oracle of Omaha is that shy to just spend a tad more of his giant cash pile, could that be saying something about the

Morgan Stanley headquarters in Times Square, New York. Source: Morgan Stanley At least four traders at New York-based Morgan Stanley have been fired or placed on leave after reportedly concealing a loss of between $100 million and $140 million, a new report from Bloomberg News said. The traders in question allegedly mismarked, or purposely mis-priced, some

Robert De Niro, Al Pacino and Ray Romano star in Martin Scorsese’s “The Irishman.” Netflix Netflix’s biggest-ever film investment launches on Wednesday and J.P. Morgan said “The Irishman” could be the catalyst Netflix needs to boost momentum around the stock. After spending $100 million in production on the three-hour-and-30-minute Martin Scorsese film, Netflix is betting

Shares of Under Armour are trading in a bear market after falling 35% from July’s 52-week high, but Raymond James sees a big rally ahead since the company is on “the cusp of a multi-year, profitable, and sustainable growth cycle.” The firm upgraded the stock to a “strong buy” rating on Wednesday, saying the retailer

The Charging Bull near Wall Street is pictured in New York. Carlo Allegri | Reuters The stock market has been hitting record high levels day after day, but that doesn’t mean corporate CEOs are bullish about next year, according to J.P. Morgan Chase regional investment banking head John Richert. Instead, CEOs are worried about delivering

Robinhood co-founder and co-CEO Vlad Tenev speaks onstage during the TechCrunch Disrupt New York event on May 10, 2016. Noam Galai | Getty Images for TechCrunch Robinhood is no longer looking to become a federally insured bank. The stock-trading start-up announced Wednesday that it was pulling its bank charter application with the Office of the

Byron Wien Olivia Michael | CNBC The stock market’s rally may be far from over as low interest rates keep valuations in an attractive place, according to Wall Street legend Byron Wien. “People complain that the market is overvalued but … with these interest rates, the market is really below fair value,” Wien, vice chairman

CNBC’s Jim Cramer, often a critic of Tesla stock, told CNBC on Tuesday that he’s in the market for a Tesla Model X sport utility vehicle because his wife, Lisa, really wants one. “I give up. The car is too damn great,” said Cramer on “Squawk Box.” “She wants an X. You can’t stop her.

China successfully launched satellites to space last week but a shower of rocket debris after the launch crushed buildings in the Sichuan province, captured in a video shared widely on social media. Before the government launched a Long March 3B rocket from the Xichang Satellite Launch Center on Friday evening, it warned residents with a

Slack Technologies Inc. CEO Stewart Butterfield stands on the trading floor during the company’s IPO at the New York Stock Exchange (NYSE) in New York, U.S. June 20, 2019. Brendan McDermid | Reuters The biggest hurdle for companies aiming to follow Spotify and Slack into the public markets is that the direct listing process they

The small cap Russell 2000 index jumped to a fresh 52-week high Monday, signaling small stocks may be set up for a breakout that could help lift the entire market. The Russell 2000 closed at 1,621.90, a 2% gain, and the highest close since Oct. 9, 2018. The S&P 500, Dow and Nasdaq, which had