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This is breaking news. Please check back for updates. DoubleLine Capital CEO and longtime bond investor Jeffrey Gundlach said Wednesday that the odds of a recession before the 2020 presidential election are rising.  “I think the economic data has gotten a little bit better, yet I still think, when we put it all together … it seems

Robert Bakish, chief executive officer of Viacom International Media Networks, speaks during a Bloomberg Television interview at the Mobile World Congress in Barcelona, Spain, on Tuesday, March 3, 2015. The event, which generates several hundred million euros in revenue for the city of Barcelona each year, also means the world for a week turns its

Simon Dawson | Bloomberg | Getty Images Saudi oil production will be fully back online by the end of September, the kingdom’s Energy Minister Prince Abdulaziz bin Salman told media during a press conference in Jeddah on Tuesday, sending oil prices down by nearly 6% just a day after their biggest jump in history. The

An employee wears an orange Home Depot Inc. apron at a store in New York. Mark Kauzlarich | Bloomberg | Getty Images Home Depot‘s massive investment plan is preventing margin expansion, according to Guggenheim. The firm downgraded the home improvement retailer’s stock to neutral and removed its $230 price target. “We find it difficult to

Federal prosecutors on Monday accused three J.P. Morgan precious metals traders, including the global head of base and precious metals trading, of participating in a racketeering conspiracy in connection with a multiyear scheme to manipulate the markets and defraud customers. The alleged scheme saw the nation’s largest bank by assets profit handsomely, while investors suffered

A woman fuels her SUV at an Exxon Mobile gas station in Chicago. Getty Images Oil prices are surging and if history is any guide, a handful of stocks are going to outperform the market over the next week. Drone Saudi Arabian oil facilities over the weekend forced the kingdom to cut its oil output

1. Dow to open near its July record highs Traders and financial professionals work on the floor of the New York Stock Exchange (NYSE) at the opening bell on August 19, 2019 in New York City. Drew Angerer | Getty Images U.S. stock futures were pointing to about a 100-point advance for the Dow Jones

Tim Cook at the Apple launch event in Cupertino Calif. on Sept. 10th, 2019. Source: Apple Here are the biggest calls on Wall Street on Friday: Goldman Sachs lowered its price target on Apple to $165 from $187 Goldman lowered its price target and said it sees a 26% downside to shares due to the

Chesnot | Getty Images Netflix is missing out on the broader market’s rally, but don’t give up on the stock, says Piper Jaffray. The firm reiterated its overweight rating on the stock and its $440 price target. “Despite an onslaught of new streaming services currently casting a cloud of concern over NFLX shares, we expect

Traders and financial professionals work on the floor of the New York Stock Exchange (NYSE) at the opening bell on August 19, 2019 in New York City. Drew Angerer | Getty Images News | Getty Images The market is inches away from reclaiming its all-time highs on renewed trade hopes, but things can change on

J.P. Morgan has placed two precious metals traders on leave — including the global head of base and precious metals trading — as the Justice Department’s criminal investigation into the firm’s trading practices continues. Michael Nowak, a managing director at J.P. Morgan who also heads the firm’s precious metals trading unit, was put on leave

The homepage of Intuit Inc.’s TurboTax website is displayed on a computer monitor in Washington, D.C. Andrew Harrer | Bloomberg | Getty Images A software company created to help regular people navigate the complexities of the U.S. tax code just entered its 11th year of stock gains. Intuit, creator of TurboTax, is a stock that

Government bond yields recently held above an important level, but the next test may prove dangerous for the stock market. The benchmark 10-year Treasury note yield tested 1.5% in late August and early September, bouncing off that level and most recently trading around 1.8%. That’s the third time the barrier has been broken since the

Apple disputed the negative call by Goldman Sachs on Friday, which hit the stock, taking issue with the firm’s negative characterization on how Apple would account for its new TV+ service. Goldman said that the one-year free trial of the TV+ service would have a “material negative impact” on earnings by showing lower hardware profit

CNBC’s Jim Cramer said on Friday that WeWork should pull its embattled initial public offering because the negative sentiment around slashing its valuation could be contagious in the overall stock market. “Stop the WeWork deal,” Cramer said on “Squawk Box.” “We don’t want that deal. I just wish they would go away.” Despite a number

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 beefing up its technology team with a top Amazon cloud executive. The New York investment bank announced on Thursday it would hire Marco Argenti

The U.S. government’s red ink for fiscal 2019 swelled past the $1 trillion mark in August, the first time that level has been eclipsed in seven years, the Treasury Department reported Thursday. The total shortfall rose to nearly $1.07 trillion, thanks to a difference between revenue and expenses of more than $214.1 billion in August.

T. Boone Pickens, BP Capital Management Scott Mlyn | CNBC Magnates and friends of prominent wildcatter T. Boone Pickens remembered him fondly in comments to CNBC following his passing. Pickens died Wednesday of natural causes at age 91. Billionaire investor Warren Buffett told CNBC’s Becky Quick on Thursday that “they grow big personalities in Texas,

Jim Cramer Scott Mlyn | CNBC CNBC’s Jim Cramer said on Wednesday that Federal Reserve Chairman Jerome Powell should be cutting interest rates further, but should not go to negative rates as President Donald Trump suggested. “Negative rates, no. You don’t want negative rates. That’s just a sign that we’re not a robust economy,” said

Traders and financial professionals work at the opening bell on the floor of the New York Stock Exchange (NYSE) on August 6, 2019. Drew Angerer | Getty Images Value is seeing the light of day finally. A huge rotation out of momentum stocks is underway as investors pile on bets on economically sensitive, cheap stocks