Investing

Spencer Platt | Getty Images JPMorgan Chase will bring more of its trading personnel back to its New York headquarters starting next week, according to a person with knowledge of the bank’s plans. Since the coronavirus pandemic took hold in New York in March, most of the bank’s traders and salespeople have worked from home.

Luis Alvarez (This story is for CNBC Pro subscribers only.) Retail investors are giving Wall Street pros a run for their money during the market comeback, with the amateurs’ top picks outperforming those of hedge funds, according to Goldman Sachs.  Goldman compiled a portfolio of popular stocks among retail investors and the basket of equities

Chewy CEO Sumit Singh (C) rings the opening bell to commence the day’s trading for the Chewy Inc. IPO at the New York Stock Exchange (NYSE), June 14, 2019. Andrew Kelly | Reuters Which stocks are primed to outperform during this notably volatile period? Here are a few of the names the best-performing Wall Street

Longtime hedge fund manager Paul Tudor Jones on Wednesday critiqued the long-held belief that companies should exist for the sole purpose of generating profits. Jones, whose remarks came during a JUST Capital event with CNBC’s Andrew Ross Sorkin, said it’s that philosophy that allows corporate boards to neglect issues of equity in the workplace and ultimately

Jeffrey Ubben Source: BusinessWire Company: Enviva Partners LP (EVA) Business: Enviva is a supplier of utility-grade wood pellets to power generators. The company procures wood fiber and processes it into utility-grade wood pellets and loads the finished wood pellets into railcars, trucks and barges that are transported to deep-water marine terminals, where they are received, stored

A trader walks by the New York Stock Exchange (NYSE) on the first day that traders are allowed back onto the historic floor of the exchange on May 26, 2020 in New York City. Spencer Platt | Getty Images Traders baffled by the unprecedented market whipsaw are scrambling to buy protection against more rough sledding ahead.

CNBC’s Jim Cramer said Thursday that the stock market’s recent rip higher was not reflective of actual conditions in the U.S. during the coronavirus pandemic.  “There’s just been a happiness trade that has been out of sync with everything, whether it be hot spots in Arizona, or whether it be unemployment, or whether it be

There’s a powerful psychological process going on in the mind of my demographic cohorts right now.  We are fighting between fear and opportunity. We are afraid of getting sick or losing loved ones to Covid-19. We are worried about our young children’s future as we live in a nation so divided.  But we also feel

Sandy Weill, former CEO of Citigroup. Adam Jeffery | CNBC Sandy Weill, the former Citigroup CEO and chairman who helped create the megabank model in the 1990s, said Friday that Morgan Stanley and Charles Schwab were “really very good buys.” Bank stocks have been hammered this week, giving back recent gains tied to the reopening

CNBC’s Jim Cramer said Friday that professionals on Wall Street are taking advantage of amateur investors by bidding up beat-up but popular stocks like airlines in premarket trading.  “It’s a game. If it weren’t securities, let’s say it was monopoly, let’s say it’s Draft Kings … it would be so much fun,” Cramer said on “Squawk

Dan Gilbert, CEO, Quicken Loans Anjali Sundaram | CNBC Quicken Loans, the largest mortgage lender in America, is planning an initial public offering, according to people familiar with the matter.  The company, founded and owned by Detroit-billionaire Dan Gilbert, has filed its IPO prospectus confidentially, the people said, and may flip it to be public

Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Billionaire investor William Ackman’s hedge fund Pershing Square Capital Management has filed confidentially with U.S. regulators for an initial public offering (IPO) of a blank-check investment vehicle that could raise more than $1 billion and be the biggest of its kind,

Jeff Bezos, founder and CEO of Amazon, smiles as he speaks during the Economic Club of Washington’s Milestone Celebration event in Washington, DC, on September 13, 2018. Saul Loeb | AFP | Getty Images Amazon is introducing a new digital credit line for U.S.-based merchants with partner bank Goldman Sachs, CNBC has learned exclusively. Small

Nikola Motor’s Tre semi-truck. Nikola Motor Company Speculative traders are betting big that Tesla won’t be the only successful company of the future named for inventor Nikola Tesla. Shares of Nikola Corporation, which makes battery-electric and hydrogen-electric trucks, advanced more than 20% on Tuesday, after more than doubling on Monday. The company began trading on June 4

A sign in front of a Hertz rental car office on August 8, 2017 in San Francisco, California. Justin Sullivan | Getty Images To get a slice of one of the market’s most epic rallies, investors are snapping up stocks everywhere including shares in bankrupt companies, which in theory will be worth nothing. Hertz, Whiting Petroleum, Pier

The Federal Reserve Bank building Kevin Lamarque | Reuters In addition to signaling a possible turn in the economy, the big job gains in May give the Federal Reserve some more wiggle room before its next policy move. Markets will be watching this week’s Federal Open Market Committee meeting more for what the central bankers

Companies prepare offices to reopen. Source: Karen Firestone When governors, mayors, and national leaders told us to stay home and work remotely, back in what seems like the Ice Age, we were thrust into a state of shock, disorientation, and, ultimately, acceptance. Two and half months later, we have grown accustomed to Zoom, Covid-19 news

Kenneth Fisher, chief executive officer of Fisher Investments, speaks at the Forbes Global CEO Conference in Sydney, Australia, on Tuesday, Sept. 28, 2010. Gillianne Tedder | Bloomberg | Getty Images Money-manager Ken Fisher said last week that legendary investor Warren Buffett’s decision to sit on the sidelines during the coronavirus crisis is likely due to

Mohamed El-Erian, who in early March correctly called a coronavirus-driven bear market, told CNBC on Monday he’s reluctant to buy the latest stock rally. “For me personally, it’s an uncomfortable bet to continue to bet on a huge recovery,” the chief economic advisor at Allianz said on “Squawk Box.” “I don’t like doing this. But

Confetti falls as Lyft CEO Logan Green (C) and President John Zimmer (LEFT C) ring the Nasdaq opening bell celebrating the company’s initial public offering (IPO) on March 29, 2019 in Los Angeles, California. The ride hailing app company’s shares were initially priced at $72. Mario Tama / Getty Images Which stocks are primed to