Investing

Cathie Wood, CEO and founder of ARK Invest. CNBC Widely followed investor Cathie Wood is about to recoup some of her recent sharp losses as tech stocks rebounded Tuesday after a brutal correction triggered by surging bond yields. Wood’s flagship active exchange-traded fund Ark Innovation ETF (ARKK) climbed 4.8% in premarket trading on Tuesday. Tesla,

Warren Buffett. Gerald Miller | CNBC Warren Buffett‘s net worth topped $100 billion for the first time as Berkshire Hathaway shares rallied to record highs. Berkshire’s Class A shares closed at a record high of $399,650 on Wednesday, bringing its 2021 advance to more than 14%. That put the “Oracle of Omaha” massive stake in

Wharton School’s Jeremy Siegel told CNBC on Thursday he believes stocks will still move higher this year, even in the face of rising bond yields and inflation concerns. In an interview on “Squawk Box,” the finance professor said the $1.9 trillion coronavirus relief package, which President Joe Biden hopes to sign into law Friday, is

The headquarters of the US Securities and Exchange Commission (SEC) is seen in Washington, DC, January 28, 2021. Saul Loeb | AFP | Getty Images The Securities and Exchange Commission on Wednesday issued a warning against special purpose acquisition companies backed by celebrities, urging investors to think twice before jumping in. “Celebrity involvement in a

Pavlo Gonchar | LightRocket | Getty Images Retail investors are continuing to jump into the market in droves even after the dust has settled from the GameStop trading saga. The major online brokers continue to see elevated app downloads, well above levels from last year, according to JMP Securities using SimilarWeb app download data. Millennial-favored

Shoppers walk past a “Sale” sign outside a store at the Easton Town Center Mall in Columbus, Ohio, on Thursday, Jan. 7, 2021. Luke Sharrett | Bloomberg | Getty Images Shutting down a $20 trillion economy in full swing seemed a daunting enough task by itself. Restarting that massive machine has proven still tougher. A

People are seen lining up at a Covid-19 testing site at Mona Vale Hospital on Dec. 18, 2020 in Sydney, Australia. Jenny Evans | Getty Images News | Getty Images Morgan Stanley is bullish on Australia, India and Singapore. The three countries stand out among those in Asia-Pacific that have handled the coronavirus pandemic well,

Michael Wirth, CEO, Chevron, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galica | CNBC Chevron CEO Michael Wirth told CNBC he hasn’t spoken to Berkshire Hathaway since the firm took a stake in the oil giant, but he said the decision suggests confidence in Chevron’s long-term future. “I can’t

Sen. Pat Toomey told CNBC on Tuesday he welcomes stock-trading apps that make investing seem more approachable, rejecting complaints by some that brokerages like Robinhood have led to the so-called “gamification” of the equity market. The Pennsylvania Republican made the comments on “Squawk Box” ahead of Tuesday morning’s Senate Banking Committee’s hearing on retail investors and

Bitcoin and other cryptocurrencies could eventually become part of the recommended portfolio for everyday investors, Ark Invest’s Cathie Wood said Monday. Wood, whose star as an investor rose dramatically last year thanks to the strong performance of her flagship Ark Innovation ETF, said on CNBC’s “Closing Bell” that she believes volatile cryptocurrencies will eventually resemble

Tesla Chairman and CEO Elon Musk unveils the new ‘Semi’ electric Truck to buyers and journalists on November 16, 2017 in Hawthorne, California, near Los Angeles. Veronique Dupont | AFP | Getty Images SpaceX is working on an antenna that will connect vehicles like semi-trucks and RVs to its satellite internet network, CEO Elon Musk

Gabe Plotkin, chief investment officer and portfolio manager of Melvin Capital Management LP, speaks during the Sohn Investment Conference in New York, May 6, 2019. Alex Flynn | Bloomberg | Getty Images The hedge fund at the center of the GameStop saga gained more than 20% in February, clawing back some of its losses from

Exxon CEO Darren Woods emphasized the oil giant’s commitment to its dividend after the company lost more than $20 billion in 2020, and as activist investors push for change. “We’re going to continue to return cash to shareholders through a very strong dividend,” Woods said Thursday on CNBC’s “Squawk Box.” He noted that 2020 was

Tanger Outlets in National Harbor, Md. Mark Gail | For The Washington Post | Getty Images Shares of Tanger Factory Outlet Centers surged 20% in early trading on Thursday, becoming the latest heavily shorted stock to make a rapid move higher this year. The retail stock could be following in the footsteps of other names

A view outside a Kohl’s store in Miramar, Florida. Johnny Louis | Getty Images Company: Kohl’s Corp (KSS) Kohl’s operates as a retail company in the United States. Its stores and website offer apparel, footwear, accessories, beauty, and home products. The company provides its products primarily under the brand names of Apt. 9, Croft &

The row of two-story tall 3D printer bays at the company’s headquarters. Relativity Space The founders of two private rocket-building companies met today – one, the richest person on Earth; the other, leader of a venture pushing the boundaries of manufacturing. Jeff Bezos stopped by the gleaming new “factory of the future” of Relativity Space

A Model X is on display at a Tesla showroom on February 13, 2021 in Beijing, China. VCG | Visual China Group | Getty Images What’s behind the drop in tech stocks? A model Wall Street uses to value stocks is flashing caution. Tech stocks are in a correction. The Nasdaq 100, the largest 100

Virgin Galactic leaders in front of the New York Stock Exchange, from left: CEO George Whitesides, founder Richard Branson and Chairman Chamath Palihapitiya. Virgin Galactic Billionaire investor Chamath Palihapitiya, the chairman of Virgin Galactic who took the company public through a SPAC deal in 2019, sold his remaining personal stake earlier this week, a securities

Morgan Stanley is now the biggest General Electric bull on Wall Street after analyst Josh Pokrzywinski raised his target on the stock to $17 on Thursday, up from his prior forecast of $13. Shares of GE briefly topped $14 per share after the markets opened Thursday, setting a new 52-week high before paring gains and

The SpaceX Falcon 9 rocket and Crew Dragon capsule stand upright on the launchpad at NASA’s Kennedy Space Center ahead of the Demo-2 launch. Elon Musk’s SpaceX denounced a subpoena from the Department of Justice for its corporate hiring records, saying in a court filing that the investigation by the federal agency’s Immigrant and Employee