The “Fast Money” traders shared their first moves for the market open. Pete Najarian was a buyer of Schlumberger. Karen Finerman was a buyer of United Rentals. Steve Grasso was a buyer of Spirit Airlines. Guy Adami was a buyer of Cardinal Health. Disclosure Trader disclosure: Pete is long calls ALLY, ASHR, BABA, BMY, BP, C,
Billionaire investor Leon Cooperman slammed Democratic presidential candidates Elizabeth Warren and Bernie Sanders on their proposals to put an additional tax on the richest Americans. “Stop portraying billionaires as criminals,” Cooperman said on CNBC on Wednesday, the morning after Warren and Sanders in the latest Democratic debate cast themselves as the hardliners on tacking wealth
Chesnot | Getty Images Despite the big surge in the stock, Macquarie Research downgraded its rating of Netflix to neutral from outperform on Thursday, saying the streaming service’s latest quarterly results were “comforting, but competition is coming.” “We think it will be hard for Netflix to grow much more in the US, and we suspect
Petri Artturi Asikainen | Getty Images Financial advisors do their best to counsel clients on sound approaches to financial decision making, yet no good wealth manager would claim to have a crystal ball. The only certainty is that no one can predict the future or time the market. Any advisor worth his or her salt
If retirement legislation now under consideration in Congress becomes law, your 401(k) plan might have a new look. The Secure Act, which passed the House in May and awaits Senate action, includes a provision that would make it easier for companies to include annuities in their retirement plans. And while people may be drawn to
Sen. Bernie Sanders outlines a plan too eliminate $81 billion in past-due medical debt. Getty Eight million Americans file for bankruptcy annually due to medical expenses. Sen. Bernie Sanders (I-VT) wants to put an end to it. The idea, outlined by his campaign, centers around having the federal government “negotiate and pay off past-due medical
WESTERVILLE, OHIO – OCTOBER 15: Former Vice President Joe Biden speaks as Sen. Bernie Sanders (I-VT) and Sen. Elizabeth Warren (D-MA) look on during the Democratic Presidential Debate at Otterbein University on October 15, 2019.(Photo by Win Getty Images In a new report, my Urban Institute colleagues have estimated that a full-blown Medicare for All
Mortgage rates are up but there’s still good news for homebuyers. Getty Mortgage rates continued their ping-ponging this week, inching up to 3.69%, according to Freddie Mac. That’s .12% higher than last week, but still 1.16% lower than this time last year. The Mortgage Bankers Association, which measures rates on all loans (not just conventional
It is “logical” for McLaren Automotive to continue manufacturing in the U.K. in spite of Brexit concerns, the firm’s chief executive said on Tuesday. “You only need one manufacturing location for 5,000 cars a year,” Mike Flewitt, chief executive officer of McLaren told CNBC’s “Street Signs.” “It would be uneconomic to do anything else,” he
Brian Moynihan, CEO of Bank of America, at the Goldman Sachs U.S. Financial Services Conference on December 4, 2018. Michael Newberg | CNBC Bank of America beat analysts’ estimates for profit and revenue as the firm’s consumer and banking businesses offset a slump in trading. The firm said net income excluding an impairment charge rose
A slew of Wall Street’s top hedge fund managers shared their best ideas on Wednesday at the annual Sohn San Francisco Investment Conference. The conference is best known for hedge fund managers making market-moving presentations. The Sohn conference held in San Francisco is the West Coast version of the investment conferences that began in New
Facebook’s CEO Mark Zuckerberg speaks during the F8 Facebook Developers conference on April 30, 2019 in San Jose, California. Justin Sullivan | Getty Images There are 618,000 millennial millionaires in the U.S. and their wealth is only expected to grow. Millennials are expected to be five times wealthier in the next decade than they are
Shares of Bank of America, U.S. Bancorp, PNC and Bank of New York Mellon all ticked higher on Wednesday as the bank’s profits topped Wall Street’s forecasts. But some of the bank’s shares rolled over as executives warned the current lower interest rate environment is likely to hinder bank’s net interest margin growth, a widely-watched
Alliance | Getty Images If you’re thinking of tidying up your balance sheet by taking out a personal loan, consider doing some research first. It could save you thousands of dollars. That’s because the interest rates lenders charge on personal loans can vary significantly, even if you have pristine credit, according to an analysis by
By Stacey Freeman, Next Avenue Contributor Getty Thanks to technology, we can buy groceries online. We can search online for a job, a pet, even a spouse. And if for whatever reason that spouse doesn’t work out, we can go through the divorce process online, too. But when you’re divorcing, can a website, or a
I see from the National Review that Beto O’Rourke’s remarks about revoking tax-exempt status of religious institutions such as colleges, churches, etc. for opposing same-sex marriage is still a thing. I’m not going to try to review the response to this remark, which has been epic. My purpose is to get some expert comment into
Building a brokerage is no easy feat, and for some, finding a partner to take the journey with may be the best course of action. However, though from the outset someone may seem like a perfect fit for the enterprise, it’s possible a lack of proper due diligence could leave you with a partner who
Investors rotated money from fast-growing stocks to “clean companies with no real flaws” as major indexes dipped during the session, CNBC’s Jim Cramer said Wednesday. The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite all slipped no more than 0.30% on the trading day. The action coincided with a Federal Reserve report that said
The Bank of New York Mellon on Wall Street, New York. Scott Mlyn | CNBC Bank of New York Mellon reported a 7% fall in quarterly profit on Wednesday, as the world’s largest custodian bank earned lower fees and took a hit from a drop in interest rates. Net income applicable to common shareholders fell
Fans gather at the Netflix booth at a trade show. Mike Blake | Reuters Check out the companies making headlines after the bell: Shares of Netflix surged more than 9% during extended trading after the company had a third-quarter earnings beat, though fell just shy of revenue estimates. The streaming giant posted earnings of $1.47