Investing

As the ESG and sustainable investing movement grows, Societe Generale quantified the potentially large consequences for companies that don’t follow suit. The firm found that in two thirds of “high ESG controversy” cases a company’s stock experienced “sustained underperformance,” trailing the global index by an average of 12% over the course of the following 2

Drew Angerer | Getty Images Amazon could potentially tag-team with the world’s biggest wrestling brand to gain an advantage in the streaming wars, according to a Needham. Not only could the Jeff Bezos-led tech retail juggernaut buy the streaming rights to World Wrestling Entertainment content, but it also could potentially buy the whole company one

Even as interest rates remain low and investor appetite is strong, the ever-rising high-yield corporate debt levels are continuing to raise concerns on Wall Street. The latest warning comes from Charles Schwab strategists, who are advising clients to reduce their exposure, or underweight, to a part of the market that will see a record number

CNBC’s Jim Cramer expressed concerns about the fundamentals of Casper Sleep‘s business ahead of the online mattress startup’s Thursday debut as a publicly traded stock. Shares opened at $14.50, an over 20% increase from its offering price. “The losses here are staggering” for the business, Cramer said on “Squawk on the Street.” Casper, which started

A SpaceX Falcon 9 rocket lifts off from Cape Canaveral Air Force Station carrying 60 Starlink satellites on November 11, 2019 in Cape Canaveral, Florida. The Starlink constellation will eventually consist of thousands of satellites designed to provide world wide high-speed internet service. Paul Hennessy | NurPhoto | Getty Images SpaceX is considering spinning off

Tesla CEO Elon Musk presented the first batch of made-in-China cars to ordinary buyers on January 7, 2020 in a milestone for the company’s new Shanghai “giga-factory”, but which comes as sales decelerate in the world’s largest electric-vehicle market. STR Young retail investors rushed into Tesla stock as it surged to new highs this week.

Steve Eisman Olivia Michael | CNBC Steve Eisman, one of the investors who famously bet against the subprime mortgage crisis, said he has killed his money-losing bet against Tesla amid its “cult-like” rally. “I covered it a while ago,” Eisman told Bloomberg Television on Wednesday. “Look, everybody has a pain threshold. When a stock becomes

Signage is displayed at the FirstEnergy Corp. Bruce Mansfield coal-fired power plant in Shippingport, Pennsylvania. Justin Merriman | Bloomberg | Getty Images The best two sectors so far this year are the fast-growing tech sector and stodgy old utilities, continuing an odd race that has been going on for more than 18 months. The utilities

CNBC’s Jim Cramer said Wednesday he sees why the stock market was headed for a higher open in the first trading session since President Donald Trump‘s State of the Union address. “Previous presidents have not cared about the stock market because they don’t think it’s that big,” Cramer said on “Squawk on the Street.” “But

Tesla CEO Elon Musk presented the first batch of made-in-China cars to ordinary buyers on January 7, 2020 in a milestone for the company’s new Shanghai “giga-factory”, but which comes as sales decelerate in the world’s largest electric-vehicle market. STR The Saudi Arabia Public Investment Fund dumped 39,000 shares of Tesla in the fourth quarter

Despite Tesla’s meteoric rise, which has seen the shares more than double this year, some investors argue that the company’s fundamentals and future growth justify its current valuation and stock price. Underlying the bull thesis is that Tesla and its founder Elon Musk are at the forefront of a push towards a greener future, and

Tesla‘s market value deserves to be twice the combined value of General Motors and Ford, CNBC’s Jim Cramer said before Tuesday’s Wall Street open. At that point, the “Mad Money” host said he would reevaluate. However, shortly after the open, Tesla stock almost got there. Shares of the electric auto maker opened at nearly $883

FAANG stocks displayed at the Nasdaq. Adam Jeffery | CNBC The influence of a few big stocks over the market is at its most extreme level in 20 years, but that’s not necessarily a reason to stay away from those shares, according to Goldman Sachs. Apple, Microsoft, Amazon, Alphabet and Facebook account for 18% of

Elon Musk, chief executive officer of Tesla Motors David Paul Morris | Bloomberg | Getty Images Investors betting against Tesla‘s stock have lost more than $8 billion since the beginning of the year, according to data from S3 Partners, including nearly $2.5 billion in losses on Monday’s surge alone. Tesla has more short sellers than

David Tepper, founder and president of Appaloosa Management. Cameron Costa | CNBC Billionaire hedge fund manager David Tepper, who was bullish on the market just a few weeks ago, said the coronavirus outbreak has changed the environment around stocks. Tepper, in an interview with Jim Cramer for TheStreet, said investors should be cautious until more

Archer-Daniels-Midland Co. (ADM) signage displayed on the side of a grain storage bin at an ADM grain elevator in Niantic, Illinois. Daniel Acker | Bloomberg | Getty Images Oxford Industries This week Needham raised its rating on the stock to buy from hold. The company is best known as the maker of apparel brands like

A nurse holds up a one dose bottle and a prepared syringe of measles, mumps and rubella virus vaccine made by Merck at the Utah County Health Department on April 29, 2019 in Provo, Utah. George Frey | Getty Images The deadly coronavirus worsened quickly this month, roiling the financial markets as investors fled risk

CNBC’s Jim Cramer said Friday he’s done with fossil fuel stocks because young investor’s concerns about climate change are holding them down. On “Squawk Box,” Cramer compared oil and other fossil fuel stocks to the sigma attached to investing in tobacco companies, saying they are in the “death knell phase.” He added, ”They’re tobacco. I think

Four technology giants now sit on top of the list of most valuable U.S. companies, each worth more than $1 trillion — and there’s a familiar theme to each of their stories. Apple, Amazon, Microsoft and Google-parent Alphabet have all looked to services and cloud businesses for growth in the past couple of years. In

David Solomon, Goldman Sachs Adam Galica | CNBC Coming soon to your smartphone: a Goldman Sachs digital checking account. The bank is working to release a digital wealth management tool this year and a checking account in 2021, Goldman executive Eric Lane said Wednesday at the New York-based bank’s first investor day. “We aspire to