Investing

A pedestrian passes in front of a Charles Schwab Corp. bank branch in downtown Chicago, Illinois. Christopher Dilts | Bloomberg | Getty Images Brokerage firm Charles Schwab said Wednesday it is laying off about 200 employees from the combined Schwab-TD Ameritrade company. This is the most recent round of layoffs, following a purge of 1,000

Ron Baron, founder of Baron Capital, is a Tesla shareholder and a big believer in Elon Musk’s vision of the future. Baron believes Tesla can grow sales to $1 trillion in 12 years.  Anjali Sundaram | CNBC Billionaire investor Ron Baron told CNBC on Monday he believes Tesla’s bitcoin purchase is “not surprising,” but the longtime

Billionaire investor Sam Zell told CNBC on Tuesday that some deals involving special purpose acquisition companies remind him of the speculation in internet companies during the 1990s dot-com bubble. In an interview on “Squawk Box,” Zell said he believes SPACs do offer positive benefits for investors who buy in at the creation of the so-called blank check

If anybody on Wall Street is due a victory lap, it’s Daniel Pinto. The head of JPMorgan Chase‘s massive corporate and investment bank is fresh off a year for the record books: Pinto’s business produced $49.3 billion in revenue and $17.1 billion in profit in 2020, more earnings than JPMorgan’s three other divisions combined. But

The contents of the Starlink Kit for customers, which includes the satellite antenna dish, a stand, its power supply, and a WiFi router. SpaceX SpaceX once again widened the scope of the public beta test of its Starlink satellite internet service, with Elon Musk’s company on Monday beginning to accept preorders from potential customers. Prospective

Robinhood was sued Monday for wrongful death by the family of Alex Kearns, a 20-year-old customer who took his life last summer after believing he had racked up big losses on the millennial-favored stock trading app. “This case centers on Robinhood’s aggressive tactics and strategy to lure inexperienced and unsophisticated investors, including Alex, to take

Hundreds of unemployed Kentucky residents wait in long lines outside the Kentucky Career Center for help with their unemployment claims on June 19, 2020 in Frankfort, Kentucky. While the economic recovery has brought back jobs since the lowest point of the Covid-19 crisis, millions of Americans remain unemployed. John Sommers II There is a contentious

A United Parcel Service worker delivers packages in New York City. Stephanie Keith | Getty Images Volatility has made its way back to Wall Street. Over the last few weeks, the trading mania related to GameStop and AMC Entertainment has hogged headlines, after a group of retail investors banded together to bid up the share

Cavan Images | Cavan | Getty Images Hunter S. Thompson famously coined the phrase ‘Buy the ticket, take the ride.’ Investors should heed the words of the cannabis iconoclast as they consider if, and most importantly when, to invest in the nascent, but booming U.S. cannabis sector.  This past week, Senate Majority Leader Chuck Schumer

Traders work the floor of the New York Stock Exchange. NYSE Stocks head into the week ahead with a tailwind, as investors focus on a hefty fiscal stimulus package and the solid earnings season against a backdrop of rising interest rates. There are several dozen S&P 500 companies reporting earnings, including Coca-Cola, Pepsico, Cisco and

The logo of trading app Robinhood is displayed on a smartphone. Olivier Douliery | AFP via Getty Images A U.S. consumer watchdog saw a surge in complaints regarding Robinhood last week, with some clients claiming they were unable to liquidate holdings and move to other brokerage firms. The Federal Trade Commission received more than 100

A sign hangs in front of an AMC theater on January 27, 2021 in Chicago, Illinois. Shares of AMC Entertainment more than quadrupled today as investors continue their buying spree on heavily shorted stocks. Scott Olson | Getty Images Besides GameStop, other popular short squeeze targets among the Reddit crowd were taking big hits on

Cleveland Federal Reserve President Loretta Mester said top regulators should be looking at the GameStop trading saga and how it is impacting markets. However, she said the situation isn’t impacting how she approaches monetary policy and doesn’t see the Fed making any adjustments in reaction to the Wall Street uproar. “I don’t think it’s something

A Starlink user terminal installed on the roof of a building in Canada. SpaceX Boxes containing Starlink kits, with user terminals and Wi-Fi routers. Starlink Starlink is SpaceX’s ambitious project to build an interconnected internet network with thousands of satellites, known in the space industry as a constellation, designed to deliver high-speed internet to consumers anywhere on the

Rafael Henrique | LightRocket | Getty Images The past two weeks have seen an astonishing number of allegations about the motives of the main actors in the GameStop drama.  The players include the WallStreetBets forum on Reddit, the Robinhood trading app, long-short hedge funds, politicians, and regulators, to name a few.  However, to equate this

A person works out at Planet Fitness as they re-open at 25 percent capacity in Boston’s Dorchester on Feb. 1, 2021. Jessica Rinaldi | Boston Globe | Getty Images As Washington squabbles over stimulus, the bond market is already counting on lots of fiscal spending and an economic bounce back. In an extreme case, inflation

SpaceX vice president of build and flight reliability Hans Koenigsmann (left), former NASA director of human spaceflight William “Bill” Gerstenmaier (right). Source: NASA SpaceX vice president of build and flight reliability Hans Koenigsmann is retiring, CNBC has learned, and has begun transitioning his role to William “Bill” Gerstenmaier, the former NASA official that joined the

Stash co-founders, Brandon Krieg and Ed Robinson. Source: Stash Stock-trading app Stash plans to announce a $125 million venture investment to help fuel customer growth. But it’s not looking to attract the type of trader who might bet on GameStop. The New York-based company will announce a Series G funding round Wednesday, led by Eldridge

An epic battle is unfolding on Wall Street, with a cast of characters clashing over the fate of GameStop, a struggling chain of video game retail stores. The conflict has sent GameStop on a stomach-churning ride with amateur investors taking on the financial establishment in the mindset of the Occupy Wall Street movement launched a

[This livestream is scheduled to begin momentarily. Please refresh the page if you do not see the player above.] SpaceX is preparing to launch the latest prototype of its next-generation Starship rocket on Tuesday, in the second high-altitude flight test of the system. Starship prototype Serial Number 9, or SN9, will fly as high as