Investing

Carl Icahn Adam Jeffery | CNBC Billionaire investor Carl Icahn told CNBC’s Halftime Report on Friday that his largest short position is in commercial real estate. This story is developing. Please check back for updates. Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world.

Chesnot | Getty Images Investors likely won’t get their fix for newly public companies for a long time thanks to the financial turmoil caused by the spreading coronavirus.  Logistics issues aside for investment bankers unable to travel, market volatility like this scares off companies who want to raise capital. The initial public offering calendar is

The end to the record-long bull market is now a reality. However, entering a bear market doesn’t always mean a recession is upon us, history shows. This week, the S&P 500 and the Dow Jones Industrial Average entered bear markets, ending their historic 11-year bull runs.  A bear market marks a 20% decline from all-time highs. As a

CNBC’s Jim Cramer praised President Donald Trump’s latest response to the coronavirus outbreak on Friday, calling the private sector involvement “a very big deal.”  “These are real companies, and they want to do something about it,” Cramer said on “Closing Bell.” “This is not a bunch of bureaucrats who are saying, ‘We ought to do

People pass a sign for JPMorgan Chase at it’s headquarters in Manhattan, New York City. Spencer Platt | Getty Images JPMorgan Chase said that two employees at its headquarters in New York City had the coronavirus, the first confirmed instances at the biggest U.S. bank. The company said that two separate cases were found recently,

Jim Cramer Scott Mlyn | CNBC Investors should be willing to put cash to work after the market’s worst day since “Black Monday” in 1987, CNBC’s Jim Cramer said Friday.  “There’s trillions of dollars on the sideline, waiting and waiting and waiting,” Cramer said on “Squawk Box.” “They’ve got what they’ve been waiting for.” He asked,

Billionaire investor and entrepreneur Mark Cuban said Thursday that he’s adding to one of his favorite tech companies as the stock market continues its dramatic slide on coronavirus concerns. “I bought some Twitter today. I’m a long-term holder there. I owned shares going into this decline. I don’t know what’s going to happen or when, but

Jamie Dimon, CEO of JP Morgan Chase, appears on CNBC’s Squawk Box at the 2020 World Economic Forum in Davos, Switzerland on Jan. 22nd, 2020. Adam Galica | CNBC JPMorgan Chase CEO Jamie Dimon was discharged from a hospital Thursday, one week after he underwent emergency heart surgery. “We are delighted to share with you the

The U.S. stock market will drop as much as 30% from last month’s highs as global economies go into coronavirus-driven recessions, said economist Mohamed El-Erian, who correctly predicted earlier in the week the selling would continue until a bear market was reached. The former CEO of investment powerhouse Pimco said on CNBC’s “Squawk Box” on Thursday that investors should not expect a quick

The stock market’s recent extreme volatility has made it advantageous for investors to pick individual equities, Bank of America strategist Savita Subramanian told CNBC on Wednesday.  “This is an environment where passive, ETF investing might not be the most prudent way to invest,” Subramanian said on “Fast Money.“  That’s because the market’s sell-off in response to concerns

Michael Corbat, CEO, Citigroup, speaking at the World Economic Forum in Davos, Switzerland, January 21, 2020. Adam Galica | CNBC CEO Michael Corbat said Wednesday that the current turmoil caused by the coronavirus isn’t one stemming from the financial system.  “This is not a financial crisis,” Corbat said during the White House meeting. “The banks

CNBC’s Jim Cramer said Tuesday that he feels better about buying stocks now that President Donald Trump publicly acknowledged the need for coronavirus relief for workers and small businesses. Trump plans Tuesday to meet with Senate and House Republicans to discuss “a possible payroll tax cut” and other “substantial relief” as coronavirus cases in the

Oil prices are already trading at their lowest level in four years after talks between OPEC and its allies deteriorated, and Goldman Sachs global head of commodities research Jeffrey Currie said that things are likely going to get worse. “The next six months are likely to be painful,” he said Tuesday on CNBC’s “Halftime Report.” “I

US President Donald Trump gestures after arriving on Capitol Hill as US Senate Majority leader Mitch McConnell (R-KY) and Senator Roy Blunt (R-MO) look on in Washington, DC on March 10, 2020. Nicholas Kamm | AFP | Getty Images As oil prices decline and pressure energy companies, President Donald Trump will reportedly likely seek a

Stock trading app Robinhood is rolling out trading in bitcoin and ethereum in February for customers in five states. Source: Robinhood Free stock trading pioneer Robinhood is experiencing another major outage on Monday, keeping clients on the sidelines during another historic day for stocks.  “Trading is currently down on Robinhood and we’re investigating the issue,” the

Oil pumpjacks in the Permian Basin oil field are getting to work as crude oil prices gain. Spencer Platt | Getty Images CNBC’s Jim Cramer said Monday he could see the oil industry experiencing a significant wave of bankruptcies if low crude prices persist.  Of the more than 35 companies in the oil industry he

The stock market continues to slide as coronavirus concerns persist, but shares of Amazon are looking like a buying opportunity, CNBC’s Jim Cramer said Monday.  “I like Amazon right here,” Cramer said on “Squawk on the Street.” “I think you start a position in Amazon absolutely.” Amazon’s stock was down more than 2% on Monday and

Economist Mohamed El-Erian said Monday the U.S. stock market may drop 30% from last month’s record highs before finding a bottom. “This is going to be treacherous for a while. I would advise most retail investors to stay on the sidelines, not panic. There will be opportunities but they’re not now,” the chief economic advisor at

V-shape? U-shape?  L-shape?  Wall Street strategists are engaged in a fight over whether the coroanvirus outbreak is a one-quarter hit to earnings and the economy or whether it is a multi-quarter phenomenon.   The multi-quarter phenomenon appears to be winning.  But there are signs of hope. One story that has gone out the window in the

Source: Leidos A government contractor Stifel deemed “The Terminator” could be one of the best bets to lead the market back after the coronavirus sell-off, according to Wall Street analysts.  Analysts have been getting behind Leidos as the outbreak has spread around the world. In the last three weeks, Wells Fargo and Stifel upgraded the stock to