Investing

Scott Minerd, founding managing partner at Guggenheim, at WEF in Davos, Switzerland on Jan. 22, 2019. Adam Galica | CNBC Guggenheim Partners Global CIO Scott Minerd said Wednesday that stocks could have further to fall as the markets came to grips with the economic impact from the coronavirus outbreak. Minerd, appearing on CNBC’s “Closing Bell,”

“Complete fraud,” “joke,” “jargon,” “so ridiculous,” were among the choice words Social Capital founder and CEO Chamath Palihapitiya used to describe the growing ESG movement. “These are useful statements. It’s great marketing. But again it’s a lot of sizzle, no steak,” he said Wednesday on CNBC’s “Squawk Box.” The increasingly popular ESG investing style evaluates

Larry Kudlow, director of the U.S. National Economic Council, speaks during a television interview at the White House in Washington, D.C., U.S. on Thursday, Jan. 30, 2020. Alex Edelman | Bloomberg | Getty Images National Economic Council Director Larry Kudlow said the coronavirus-triggered selloff has created a buying opportunity for long-term investors. “The virus story

The Nasdaq-100 Index shed more than 2% on Tuesday, and based on one key technical indicator, it may be headed for even steeper declines. On Monday, the tech-heavy index’s 14-day RSI reading fell below 50, breaking its longest streak above 50 on record, according to data from Sentimentrader. RSI, or relative strength index, is a

CNBC’s Jim Cramer said Tuesday he does not recommend investors rush back into the market as concerns about the coronavirus persist. “No reason to buy anything if it’s up because that’s just a sucker’s game,” Cramer said on “Squawk on the Street” as Dow futures were pointing to bounce. Cramer’s comments come after the Dow

Investors must take precaution about the stocks they want to put their money in because the coronavirus outbreak is disrupting supply chains of many companies, CNBC’s Jim Cramer warned on Monday. American businesses are “far too dependent” on manufacturing products in China, he said. The comments came after the three major U.S. stock indexes plunged

Investors should remain in the market despite Monday’s major coronavirus-induced sell-off, CNBC’s Jim Cramer said. “Stay in. Stay in,” Cramer said on “Closing Bell.” “We’re getting a comprehensive decline. I think you can start buying the staples tomorrow.” The “Mad Money” host reiterated his belief that drug companies remain attractive in the current market conditions.

CNBC’s Jim Cramer said investors who are trying to navigate Monday’s global stock market sell-off should look to drug companies. “I look at these drug companies and I think, ‘Wouldn’t that be a great place to go if the market really falls apart?’ ” Cramer said on “Squawk on the Street.” “They’re so good and

Apple Inc. CEO Tim Cook attends China Development Forum (CDF) 2018 at the Diaoyutai State Guesthouse on March 24, 2018 in Beijing, China. China Development Forum (CDF) 2018 is hosted by the Development Research Center of the State Council of China on March 24-26 in Beijing. Visual China Group | Getty Images The coronavirus continues

As the energy industry faces a time of reckoning — pressured by consistently low oil prices, high operating costs and a growing sustainable investing movement — oil and gas companies are increasingly turning to Silicon Valley for help streamlining operations and boosting efficiencies. By some estimates, the addressable market for digital oil and gas solutions

James Gorman, chairman and chief executive officer of Morgan Stanley. Michael Nagle | Bloomberg | Getty Images Morgan Stanley, the tony investment bank for rich Americans and corporations, is making a play for the masses with its $13 billion takeover of discount brokerage pioneer E-Trade. The move, announced early Thursday, is the biggest takeover by

SpaceX is looking to raise about a quarter billion dollars in new funds, as Elon Musk’s company heads into a critical year for its three major projects. The company is seeking to bring in about $250 million at a price of $220 a share, according to people familiar with the financing. The new raise would

Warren Buffett David A. Grogan | CNBC Berkshire Hathaway’s Warren Buffett on Saturday will publish his much-awaited shareholder letter. The annual missives, which are logged here on Berkshire’s website going back to 1977, are considered required reading for investors large and small. And this year, investors will be especially interested to know whether Berkshire has

Morgan Stanley’s acquisition of brokerage firm E-Trade has been a long time coming, the investment bank’s chairman and CEO James Gorman told CNBC’s Wilfred Frost on Thursday. “In truth, [conversations] started in 2002,” Gorman said on CNBC’s “Squawk on the Street.” “I called [E-Trade] back then when I was at Merrill [Lynch] because I was

James Gorman, chief executive officer of Morgan Stanley, fixes his jacket during a Bloomberg Television interview on the sidelines of the Morgan Stanley China Summit in Beijing, China, on Thursday, June 1, 2017. Giulia Marchi | Bloomberg | Getty Images Goldman Sachs had plenty of chances to make an offer for discount brokerage E-Trade before

Virgin Galactic’s spacecraft Unity flies to its new home in at Spaceport America in New Mexico on Feb. 13, 2020. Virgin Galactic Virgin Galactic‘s monster stock rally in the past few months has taken even bullish Morgan Stanley by surprise, with shares of the company nearing $40. “A modest correction is overdue, and frankly, healthy,

Shares of Plug Power are surging, and social media users are weighing in on the stock on popular sites including Reddit, putting it among the ranks of other often discussed and speculative trading names like Tesla and Virgin Galactic. On Wednesday, absent any news such as quarterly earnings results that could conceivably drive the stock

Trader on the floor of the New York Stock Exchange. Brendan McDermid | Reuters Goldman Sachs sounded the alarm on Wednesday to clients about a possible correction in the stock market, noting investors are underestimating how big of a risk the coronavirus really is. “We believe the greater risk is that the impact of the

Virgin Galactic’s First Spaceflight on Dec. 13, 2018 Source: Virgin Galactic Virgin Galactic’s rally began two months ago but trading in the speculative space name has recently accelerated in a way that tops even the momentum behind Tesla. Shares of Virgin Galactic rose as much as 12% in premarket trading Wednesday from its previous close

Leon Cooperman, CEO of Omega Advisors. Adam Jeffery | CNBC Billionaire investor Leon Cooperman told CNBC on Tuesday that investors have become too pessimistic on the energy sector and too optimistic on individual companies like Tesla. “I would say we’re in the early stages of knocking on the door of euphoria, but we’re not quite [fully