Investing

Pedestrians pass a JPMorgan Chase & Co. bank branch near the New York Stock Exchange in 2018. Bloomberg | Bloomberg | Getty Images JPMorgan Chase will temporarily close about 20% of its branches and reduce staffing in the ones remaining open in response to the coronavirus pandemic.  “We are planning to temporarily close about 20% of

A man in a surgical mask walks by the New York Stock Exchange (NYSE) after more cases of coronavirus were confirmed in New York City, New York, U.S., March 10, 2020. Andrew Kelly | Reuters The easiest thing is to blame the computers and the algorithms that keep them going, propelling the market ever lower

Billionaire entrepreneur Mark Cuban told CNBC on Wednesday that companies that get federal assistance in response to the coronavirus crisis should be prevented from buying back stock ever again.  “No buybacks. Not now. Not a year from now. Not 20 years from now. Not ever,” Cuban said on  “Squawk Box.” “Because effectively you’re spending taxpayer money to buyback

CNBC’s Jim Cramer said Tuesday that he would advise investors to sell troubled stocks on any market bounces rather than trying to find stocks to buy on market declines. “It’s really the opposite of buy the dips,” Cramer said “Squawk on the Street.” “I only think you sell lower quality.” Following Wall Street’s worst day

Some of the hottest stocks of the last couple years have been hit especially hard in this coronavirus market collapse as investors shed all risk taking. Cult trend stocks of the bull market, such as cannabis and alternative meat, are plunging even more than the rest of the U.S. market. In fact, five of the

Darrell Gulin | Getty Images Morgan Stanley warned investors on Tuesday that the coronavirus pandemic is fundamentally disrupting the world’s economy. “Global recession in 2020 is now our base case,” Morgan Stanley chief economist Chetan Ahya wrote in a note. “With Covid-19 spreading in Europe and the US after hitting Asia, the disruptions and dislocations

Health professionals stand at the entrance to the floor of the New York Stock Exchange to check the temperature of everyone entering on March 16, 2020 at Wall Street in New York City. Johannes Eisele | AFP | Getty Images The country may be prepared to shut its schools, concerts, sporting events, shops, and even

Oaktree Capital co-chairman Howard Marks said Monday that the stock market is “pricing in a bad scenario” after its rapid sell-off and that it makes sense for some investors to buy into the market.  “I do think that here we are down 30 [percent] from the high — and the high in my opinion was

Treasury Secretary Steven Mnuchin testifies before a Senate Appropriations subcommittee on Capitol Hill in Washington, May 15, 2019. Jonathan Ernst | Reuters This is a developing story. Check back for updates. Treasury Secretary Steven Mnuchin told CNBC on Monday that there will be a surge of demand for stocks once the coronavirus threat abates. The

A trader reacts as he works on the floor of the New York Stock Exchange (NYSE) on January 10, 2020 in New York City. Kena Betancur | Getty Images Stock futures tanked in overnight trading on Sunday, triggering “limit down” levels to reduce panic in markets. Contracts on the S&P 500 dropped 5%, reaching a

Traders work on the floor of the New York Stock Exchange during the opening bell on March 10, 2020 in New York. Timothy A. Clary | AFP | Getty Images Goldman Sachs on Sunday downgraded its outlook for the economy in the first two quarters of 2020 as the coronavirus zaps all growth from the

Treasury Secretary Steven Mnuchin told CNBC on Friday the market sell-off will be short-lived and looks like a compelling opportunity for investors looking to buy equities at a discount. “This is a short-term issue. It may be a couple of months but we’re going to get through this and the economy will be stronger than ever,”

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