Investing

Goldman Sachs Chairman and CEO David Solomon told CNBC on Tuesday that he’s concerned about the intense demand from retail investors in recent initial public offerings. “I do think we’re in a moment in time where there’s a lot of euphoria. I personally am concerned about that,” Solomon said on “Squawk Box.” “I don’t think

Elon Musk, CEO of Tesla, stands on the construction site of the Tesla Gigafactory in Grünheide near Berlin, September 3, 2020. Patrick Pleul | picture alliance | Getty Images The addition of Tesla into the S&P 500 at the close this Friday will be one of the biggest trading days in history, but it is

SpaceShipTwo “Unity” on the runway after an aborted spaceflight test on Dec. 12, 2020. Virgin Galactic Virgin Galactic’s stock fell in premarket trading on Monday after the space tourism company cut short its latest spaceflight test mid-launch on Saturday due to an engine ignition issue. “The flight did not reach space as we had been

Signage is displayed outside the Campbell Soup Co. factory in Toronto, Ontario, Canada. Cole Burston | Bloomberg | Getty Images This week, Wall Street looked to Washington as lawmakers tried to reach an agreement on a coronavirus relief package before the end of the year.   Both sides of the aisle appeared far from striking

In a classic lesson of buying low and selling high, CNBC’s Jim Cramer on Thursday recommended investors trim their holdings in a number of speculative stocks he recently said are worth owning. After some of the stock picks put up triple-digit gains in a short timeframe, he advises trading at least the cost basis, or

Jeffrey Ubben Source: BusinessWire Activist Jeff Ubben thinks the market is mistakenly underappreciating Strategic Education because it is a for-profit education company. His firm, Inclusive Capital, has a more than 5% stake in Strategic Education. Since early June, the stock is down more than 40%, while the S&P 500 has rallied more than 12%. For-profit

People wearing face masks are seen inside a Tesla showroom at a shopping mall in Wuhan, Hubei province, the epicentre of China’s coronavirus disease (COVID-19) outbreak, March 30, 2020. Aly Song | Reuters Tesla’s entry into the S&P 500 could be anything but a quiet ride, and it is likely to put downward pressure on

Federal Reserve Chairman Jerome Powell testifies before the Senate Banking Committee hearing on “The Quarterly CARES Act Report to Congress” on Capitol Hill in Washington, December 1, 2020. Susan Walsh | Pool | Reuters The Federal Reserve heads into its meeting next week in a familiar place, with a teetering economy that could be in

Jim Cramer Scott Mlyn | CNBC CNBC’s Jim Cramer on Friday sharply criticized how investment bankers handled the recent initial public offerings for companies such as DoorDash and Airbnb, two tech companies that saw major pops in their stocks after they began trading this week. “I don’t want to say that the market is broken,

SpaceX’s Crew Dragon Endeavour seen docked with the International Space Station on July 1, 2020. NASA Morgan Stanley held its annual space summit virtually this year due to the coronavirus pandemic, but analyst Adam Jonas told CNBC that hundreds of investors and observers participated in the event on Tuesday as interest in the space industry

New York Stock Exchange building is seen decorated for Christmas at the Financial District in New York City, United States on November 30, 2020. Anadolu Agency | Getty Images IPOs vs. SPACs:  Who will win in 2021?  2020 was a surprisingly good year for IPOs, but it was an even better year for Special Purpose

CNBC’s Jim Cramer said Wednesday he believes there is “rabid money” interested in upcoming technology IPOs, but he urged young investors not to chase after DoorDash once the third-party delivery company goes public. “When people know the brand, the younger inventors just say, ‘You know what, get me some,'” Cramer said on “Squawk on the Street,” “DoorDash

Treasury Secretary Steven Mnuchin listens to a question during a House Financial Services Committee hearing on “Oversight of the Treasury Department’s and Federal Reserve’s Pandemic Response” in the Rayburn House Office Building in Washington, December 2, 2020. Greg Nash | Pool | Reuters The decision by Treasury Secretary Steven Mnuchin not to extend the funding

Adam Jeffery | CNBC Wealthfront has named former Federal Deposit Insurance Corporation head Sheila Bair and ex-Comptroller of Currency Thomas Curry to an advisory group created to help the fintech firm push further into financial services, CNBC has learned. Bair is best known for steering the FDIC through the 2008 financial crisis, pushing back against

CNBC’s Jim Cramer said Tuesday young investors believe Tesla CEO Elon Musk has grand visions for the electric-vehicle maker that make him comparable to late Apple co-founder Steve Jobs. That’s why they’re willing to continue buying Tesla’s stock, helping propel its dizzying run this year, Cramer added. The remarks followed news of Tesla’s plan to

Jamie Dimon, chief executive officer of JPMorgan Chase & Co., gestures while speaking during a Bloomberg Television interview at the JPMorgan Global Markets Conference in Paris, France, on Thursday, March 14, 2019. Christopher Morin | Bloomberg | Getty Images JPMorgan Chase has a set of policy recommendations for ways President-elect Joe Biden can prevent a

A sign for BlackRock Inc hangs above their building in New York. Lucas Jackson | Reuters BlackRock has raised equities to overweight for 2021, based on its view that the restart of the economy will accelerate with the distribution of vaccines. The firm is raising equities from neutral on a tactical basis, meaning over a

New Hampshire is ordering Merrill Lynch to pay $26.25 million in fines and restitution to the state and to an investor, the former Governor of New Hampshire, who claimed he suffered losses at the hands of a former Boston-based broker, to settle allegations including unauthorized and excessive trading. It is the largest monetary sanction in

Zoom founder Eric Yuan poses with members of his company in front of the Nasdaq building in New York as the screen shows the logo of the video-conferencing software company Zoom after the opening bell ceremony on April 18, 2019. Kena Betancur | Getty Images As the year winds down, the stock market continues to

Jeff Smith, chief executive officer and chief investment officer of Starboard Value LP. Chris Goodney | Bloomberg | Getty Images Starboard Value hit an unexpected stumbling block in its activist campaign in AECOM when one of the hedge fund’s members quit the infrastructure company’s board of directors over the summer. Peter Feld quit the AECOM