Adam Neumann, CEO of WeWork. Eduardo Munoz | Reuters In just the last 24 hours, the CEOs of WeWork, eBay and Juul have all stepped down from their posts, the continuation of a record-setting pace of exits this year by the heads of U.S. businesses. U.S. based companies announced 159 CEO changes in August, 28%
Investing
President Donald Trump speaks to reporters as he meets with Australia’s Prime Minister Scott Morrison in the Oval Office of the White House in Washington, U.S., September 20, 2019. Jonathan Ernst | Reuters As U.S. stocks climb and fall in response to President Donald Trump‘s words (and tweets), some traders are voicing skepticism over the
A remote control is seen being held in front of a television running the Netflix application Jaap Arriens | NurPhoto | Getty Images Credit Suisse just joined a slew of analysts worried about Netflix‘s earnings. Shares of the streaming video giant turned negative for the year this week, prompting many Wall Street analysts including KeyBanc
Michael Nagle | Bloomberg | Getty Images Stocks were set for a muted open on Wednesday even after House Speaker Nancy Pelosi said she will launch a formal impeachment inquiry on President Donald Trump. Dow Jones Industrial Average futures were up 14 points after the 6 p.m. open, implying a gain of 44 points at
U.S. President Donald Trump walks toward journalists as he departs the White House for a campaign rally in Pennsylvania May 20, 2019 in Washington, DC. Chip Somodevilla | Getty Images One of Wall Street’s top brokerages on Tuesday announced that its base case for President Donald Trump is impeachment. Cowen Washington policy strategist Chris Krueger
Investors ought to be cautious as more and more stocks are being valued based on measures other than the revenue or earnings numbers that their underlying companies produce each quarter, CNBC’s Jim Cramer warned Monday. Too many stocks are trading on “nontraditional valuation metrics” that make the market more difficult to ascertain, something that the
CNBC’s Jim Cramer on Monday told investors to beware the hyped-up IPOs these days like WeWork and Uber with overly ambitious mission statements that don’t accurately reflect their actual businesses. “How about Peloton? Do we want shares of Peloton? See, here’s what I think happens [with unicorns]. First we think Uber is a platform, then
The Netflix logo is seen on a mobile phone. Jaap Arriens | NurPhoto | Getty Images What a difference the past two months made for Netflix. It was just early July when the streaming video giant’s stock was flirting with new record highs. Now after an unexpected loss of subscribers and increased competition in the
Market participants increasingly are using data to generate alpha, opening opportunities both to investors and to Wall Streeters looking to get in on the next big wave. On the investing side, big data is helping provide insights into consumer behavior that can be used to gauge whether a company is meeting the needs of its
Bloomberg | Bloomberg | Getty Images Pivotal Research Group began coverage of Roku with a sell rating on Friday, saying it sees the over-the-top (OTT) streaming company’s stock falling 55% because it looks “overvalued despite the recent pullback.” “We see dramatically more competition emerging that will likely drive the cost of OTT devices to zero
The Amazon logo on a pickup and collect locker at Newbury Park railway station in London. Chris Ratcliffe | Bloomberg | Getty Images Amazon will soon integrate another step of the e-commerce pipeline after the construction of an in-house fleet of carbon-neutral delivery trucks on par with established players like UPS and the U.S. Postal
Cans of Molson Coors Brewing Co. Miller Lite and Coors Light brand beer Daniel Acker | Bloomberg | Getty Images Here are the biggest calls on Wall Street on Friday: MKM initiated Constellation Brands as ‘buy’ MKM said in its initiation note that it likes the “strength” of Constellation’s Modelo brand. “The unrelenting strength, and
Andrew Harrer | Bloomberg | Getty Images The world’s second-largest payment processor is approaching a decade-long run for the company’s stock. Shares of MasterCard are getting a boost, as U.S. consumers embrace the secular shift from cash to card, and more recently card to digital. MasterCard’s stock is up 46% this year, compared to the
India traders at the Motilal Oswal Financial Services Ltd. office in Mumbai, India. Vivek Prakash | Bloomberg | Getty Images Indian stocks surged overnight Friday after the country’s government announced a big cut to India’s corporate tax rate. The India S&P BSE Sensex index jumped 5.3% to notch its biggest one-day gain since May 5,
CNBC’s Jim Cramer raised concerns Friday about a major part of the U.S. economy. The “Mad Money” host said he’s feeling a new level of “anxiety about industrial” companies. “Small- and medium-sized businesses [are] doing well; big industrial just not doing well.” Smaller companies are faring OK because U.S. consumer activity, which accounts for two-thirds
Traders work after the closing bell at the New York Stock Exchange (NYSE) on August 12, 2019 at Wall Street in New York City. Johannes Eisele | AFP | Getty Images For investors taking a breather from the chaos in August, buckle up as the market is about to go crazy again, Goldman Sachs warned.
(L to R) Afsaneh Mashayekhi Beschloss, Clifton S. Robbins, and Dr. Rajiv Shah during a panel discussion at the 2019 Delivering Alpha conference on Sept. 19. 2019. Adam Jeffery | CNBC Several investors have been wary of incorporating environmental, social and governance standards into their strategies. However, two investors think increased attention to ESG will
Steve Schwarzman speaking at the 2019 Delivering Alpha conference in New York on Sept. 19. 2019. Adam Jeffery | CNBC Steve Schwarzman, Blackstone CEO and one of the world’s best investors, learned early in his career that everyone makes mistakes. His biggest one as an investor was “disastrous.” Speaking Thursday at the Delivering Alpha conference
Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, D.C., on Wednesday, July 31, 2019. Andrew Harrer | Bloomberg | Getty Images Federal Reserve Chairman Jerome Powell shut down the notion that the Fed would use negative rates as a tool
Lacy O’Toole | CNBC Berkshire Hathaway‘s executive Tracy Britt Cool is leaving the firm after a decade to start a company that replicates Warren Buffett’s business model. Cool, who joined Berkshire in 2009 as Buffett’s financial assistant, said she’s building an investment vehicle that acquires companies “too small for Berkshire,” The Wall Street Journal reported.