Investing

CNBC’s Jim Cramer said Tuesday that Walmart is a “remarkable juggernaut” but it won’t be able to keep up the blistering growth that it saw in the second quarter without another coronavirus stimulus package. “I think the company needs to be a little cautious because unless there’s another deal from Washington they won’t be able

Barrick Gold mining ullstein bild | Getty Images Barrick Gold‘s stock is popping more than 7% in premarket trading Monday after legendary investor Warren Buffett’s Berkshire Hathaway revealed a stake in the gold miner’s stock.  Buffett’s Berkshire Hathaway added a $562 million position in Barrick Gold in the second quarter, SEC filings showed on Friday.

Drew Houston, Dropbox Co-Founder and CEO, speaking at CNBC’s @Work conference in San Francisco on November 4, 2019. Arun Nevader | CNBC With the S&P 500 back up near record highs, it can be a challenge to find stocks that still have further room to rally. The danger is that valuations can become inflated, leading

The entrance from the elevators, designed to resemble a tunnel entering a stadium, is pictured at the new DraftKings office in Boston on March 25, 2019. David L. Ryan | The Boston Globe via Getty Images DraftKings sank more than 5% in premarket trading Friday after it said its loss for the second quarter widened

Apple and Tesla have both announced stock splits recently and CNBC’s Jim Cramer on Wednesday revealed 10 stocks of companies that he would like to see follow suit to reduce high trading prices. The stock split, in which a company increases substantially its number of outstanding shares while preserving its market value, will attract and give

Nima Ghamsari, co-founder and chief executive officer of Blend, speaks during the Sooner Than You Think conference in Brooklyn, New York, Oct. 16, 2018. Alex Flynn | Bloomberg | Getty Images Digital lending start-up Blend raised $75 million in fresh funding amid surging demand for streamlined mortgage applications during the coronavirus pandemic. The move values the

A worker wearing a protective mask adjusts a torque wrench inside the service area at a Harley-Davidson dealership in Oakland, California, on Thursday, July 16, 2020. David Paul Morris | Bloomberg | Getty Images The dark side of good earnings: Companies are talking about turning “furloughs” into permanent layoffs. You knew this was coming. It’s

Using a slow shutter speed an attendee is blurred as he walks by the Kodak booth during CES 2018 at the Las Vegas Convention Center on January 10, 2018 in Las Vegas, Nevada. David Becker | Getty Images Shares of Eastman Kodak plunged more than 40% during premarket trading on Monday after a federal agency

A stack of Starlink internet satellites just before a launch. SpaceX SpaceX is manufacturing its Starlink satellites at an unprecedented rate for the space industry, analysts say, as the company dives headlong into building a space-based global internet service. Elon Musk’s company told the Federal Communications Commission in a presentation last month that its  Starlink unit

Mohamed El-Erian told CNBC on Monday that he considers a wave of corporate bankruptcies as the biggest risk to the stock market’s rally from coronavirus-era lows.  “I think what derails this market isn’t more China-U.S. tension, isn’t more political differences. It would be if we get then large-scale bankruptcies,” the chief economic advisor at Allianz said on “Squawk

Spencer Platt | Getty Images As earnings season wraps up, analysts are reviewing their short-term and long-term take on the stocks they cover. While some companies delivered blowout quarters (see below), other stocks are suffering as global restrictions continue. And while government-backed stimulus programs can provide some relief, the truth remains that the pandemic- and

Warren Buffett Gerry Miller | CNBC Investors are preparing for a variety of news in Berkshire Hathaway’s second-quarter earnings report this weekend, ranging from the possibility of record overall net income to weaker operating results from the conglomerate’s industrials companies. Wall Street also hopes that Berkshire, which is expected to report per-share earnings of $2.12

Motorcyclists pass a 1Malaysia Development Berhad (1MDB) billboard at the Tun Razak Exchange development in Kuala Lumpur, Malaysia, February 3, 2016. Olivia Harris | Reuters Goldman Sachs on Friday lowered its previously stated quarterly net earnings applicable to common shareholders to $197 million from $2.25 billion. The bank said in a filing it had set

Source: Quicken Loans Rocket Companies, the parent of U.S. mortgage lender Quicken Loans, said its initial public offering (IPO) was priced at $18 per share on Wednesday, below a target range, and that it sold fewer shares than planned. Rocket sold 100 million shares to raise $1.8 billion in the IPO, which valued the company

Goldman Sachs is renewing its push into Wall Street’s digital future. The firm made Mathew McDermott, a managing director who ran the investment bank’s internal funding operations, its new global head of digital assets last month, CNBC has learned exclusively. The appointment means the newest face of blockchain and cryptocurrency on Wall Street isn’t a

Nikola Motor Company Source: Nikola Motor Company Nikola’s entire second quarter revenue of $36,000 was related to solar installations for Executive Chairman Trevor Milton, according to a filing with the Securities and Exchange Commission. “During the three months ended June 30, 2020 and 2019 the Company recorded solar revenues of $0.03 million and $0.04 million,

A sign is posted outside of the PayPal headquarters in San Jose, California. Justin Sullivan | Getty Images PayPal has hired Peggy Mangot, a former entrepreneur who led the development of a standalone mobile banking app at Wells Fargo, for its internal venture capital team, CNBC has learned. Mangot recently joined the online payments giant

CNBC’s “College Voices 2020” is a series written by CNBC summer interns from universities across the country about coming of age, launching new careers and job hunting during a global pandemic. They’re finding their voices during a time of great social change and hope for a better future. What money issues are they facing? How

Virgin Galactic Space tourism venture Virgin Galactic announced it signed an agreement with Rolls-Royce to develop an aircraft for supersonic travel, giving a first look on Monday of the coming vehicle’s design. Supersonic travel is a long-term bet for Virgin Galactic, which has been developing reusable spacecraft capable of sending people on short trips to the

The Lordstown Motors Corp. Endurance electric pickup truck is displayed during an unveiling event in Lordstown, Ohio, U.S., on Thursday, June 25, 2020. Matthew Hatcher | Bloomberg | Getty Images Shares of DiamondPeak Holdings, a special purpose acquisition company, jumped more than 20% during premarket trading on Monday after the company announced that it will