Market Moves The 20-year Treasury note, as tracked by the iShares 20+ Year Treasury Bond ETF (TLT), closed unchanged for Friday’s session, while the S&P 500 index (SPX) and the Nasdaq 100 (NDX) both closed lower as investors took profits. However, a larger picture of the bond market may spell out the fact that money
Investing
Choosing a life insurance policy can be confusing. There are so many different policies to consider. You have to think about the premiums and benefits that come with the policies, as well as the companies them. Then there’s the type of policy. Which one is right for you—a term life or a permanent life? Both
Brian Niccol, CEO of Chipotle Mexican Grill Adam Jeffery | CNBC Here are the biggest calls on Wall Street on Friday: Morgan Stanley downgraded Caterpillar to ‘equal weight’ from ‘overweight’ Morgan Stanley said it sees a “balanced” risk/reward. “We see increasing downside risks to CAT‘s Construction and Energy & Transportation segments. Resources segment and share
Market Moves The S&P 500 index (SPX) and the Nasdaq 100 (NDX) both closed about one-quarter percent higher as bond prices retreated nearly that same amount. Today marks the third day this week of similar tight-range trading featuring lower-than-average volume on the indexes. This is not an unusual outcome for the first week of earnings
You can certainly retire in comfort with a modest nest egg – say, $200,000 – in Spain. Just follow the long line of British expats to the lively towns along the Costa del Sol, Spain’s Mediterranean coastline. For many years, Americans have been looking to Mexico, and more recently to its Central American neighbors, for an ideal
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
“Billions” is back! The hit series from CBS’s Showtime network is back with season 4, and the intrigue is intoxicating. The show, which debuted in 2016 as the brainchild of veteran TV writers Bryan Koppelman and David Levien, takes us deep into the opulent and cutthroat world of hedge funds, white collar criminals, and prosecutors
Many individual investors trust their money with large securities firms or investment dealers. Large brokerage firms typically have thousands of employees. The most recognized firms give investors confidence that a seasoned team of professionals manages their investments. However, we usually only interact with a single employee, such as our investment advisor or broker. So how
Market Moves As stocks broke higher to kick off earnings season, investors shrugged off a mixed bag of earnings reports from the financial sector and focused on big tech companies. With the Nasdaq 100 index (NDX) closing 1.28% higher, many tech stocks broke out to all-time high prices. Among the stocks that broke through previous
The best thing about investing strategies is that they’re flexible. If you choose one and it doesn’t suit your risk tolerance or schedule, you can certainly make changes. But be forewarned: doing so can be expensive. Every purchase carries a fee. More importantly, selling assets can create a realized capital gain. These gains are taxable
Nobel Prize-winning economist Robert Shiller came to the New York Stock Exchange to discuss his new book, “Narrative Economics.” It’s a book about storytelling: Humans understand the world by telling stories, Shiller says. “The most natural thing in our brains to talk about is gossip, okay?,” Shiller said. “We love these stories. We center around
United Auto Workers members on strike picket outside General Motors’ Detroit-Hamtramck Assembly plant on Sept. 25, 2019 in Detroit. Michael Wayland / CNBC The strike by General Motors workers has cost about $2 billion through the first four weeks, Bank of America estimated, saying that the beginning of week five means “everyone hurts.” “A prolonged
Workers install a Nike logo lamp outside the Wukesong Arena in Beijing, August 28, 2019. Tingshu Wang | Reuters Nike is staying ahead of the headwinds of the retail industry, according to Bank of America. The firm upgraded Nike to neutral from underperform and hiked its price target to $98 from $70, catching up to
The state of Michigan has pulled $600 million of its pension fund from wealth management company Fisher Investments after the company’s founder and CEO Ken Fisher made sexist comments at a summit in San Francisco this week. At the Tiburon conference, Fisher compared his wealth management strategy to picking up women for sex, made explicit
US President Donald Trump shows a letter from Chinese President Xi Jinping as he announces and initial deal with China while meeting the special Envoy and Vice Premier of the People’s Republic of China Liu He Special Envoy and Vice Premier of the People’s Republic of China Liu He at the Oval Office of the
Fidelity clients saving for retirement are starting to move some money out of stocks in the recently volatile market, the brokerage’s personal investing president told CNBC on Friday. “The average investor that doesn’t trade a lot that’s really looking to save for their retirement — we have millions of customers like that — we’ve seen
A trader works on the floor of the New York Stock Exchange (NYSE) in New York. Michael Nagle | Bloomberg | Getty Images It might be time to buy into small-cap stocks even though they are lagging their large-cap counterparts, some strategists say. The Russell 2000 — which tracks small-cap stocks — has dropped more
Traders work on the floor of the New York Stock Exchange (NYSE) on July 17, 2014 in New York City. Spencer Platt | Getty Images News | Getty Images With massive spending on the new streaming platform and the costly integration of Fox, Disney is putting its stock at a vulnerable place in the near-term,
Virgin Galactic’s spacecraft Unity fires its rocket engine as it heads toward space. Virgin Galactic Boeing’s venture arm HorizonX announced on Tuesday that it will invest $20 million in Sir Richard Branson’s space tourism company Virgin Galactic, as the two companies hope to mature the technologies needed to make hypersonic air travel possible one day.
Dara Khosrowshahi, chief executive officer of Uber Technologies Inc., speaks on a webcast during the company’s initial public offering (IPO) on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Friday, May 10, 2019. Michael Nagle | Bloomberg | Getty Images Citi upgraded Uber to buy on Monday and said
Traders and financial professionals work at the opening bell on the floor of the New York Stock Exchange (NYSE) on August 6, 2019. Drew Angerer | Getty Images As volatility erupted everywhere amid fears of a recession, Goldman Sachs is advising clients to stick with stocks with stable earnings growth. The bank added a new
Employees use hand tools to assemble components of a LEAP jet engine at the General Electric Aviation plant in Lafayette, Indiana, July 19, 2019. Luke Sharrett | Bloomberg | Getty Images The top analyst on General Electric sounded the alarm on Friday, in a warning to shareholders that one of the struggling conglomerate’s key businesses
Members of the media take photographs of iPhone 11, iPhone11 Pro and iPhone 11 Pro Max smartphones in the Apple Marunouchi store on September 20, 2019 in Tokyo, Japan. Tomohiro Ohsumi/Getty Images Wall Street isn’t expecting blowout earnings for Apple, which could be the best thing for the stock, according to Citi. The firm said
Pedestrians walk outside an E*Trade Financial office in New York. Daniel Acker | Bloomberg | Getty Images Retail brokerage firm E-Trade announced Wednesday it will drop commission fees on online U.S. stock, ETF and options trades. The move comes within a week of Interactive Brokers, Charles Schwab and TD Ameritrade all dropping their commission fees.
Workers assemble cars at the newly renovated Ford’s Assembly Plant in Chicago, June 24, 2019. Jim Young | AFP | Getty Images Here are the most important things to know about Wednesday before you hit the door. 1. Important September jobs data We’ll get a first reading on the strength of the labor market on
Credit Suisse on Tuesday cleared Chief Executive Tidjane Thiam in an internal investigation into the botched surveillance of the bank’s former wealth management head Iqbal Khan in a probe that cost Thiam’s right-hand man his job. Chief Operating Officer Pierre-Olivier Bouee resigned after the investigation by the Homburger law firm found he alone initiated observation
Charles Scharf Qilai Shen | Bloomberg | Getty Images Three decades before Charlie Scharf was named CEO of Wells Fargo, he got his start by mailing his resume to an up-and-coming banker named Jamie Dimon. Scharf was a senior at Johns Hopkins University when Dimon hired him at Baltimore lender Commercial Credit. That move proved
Recent highly publicized flops by supposedly disruptive companies could be painting an unpleasant picture ahead for innovation, at least in how it’s viewed in the financial markets. Investors have turned thumbs-down on high-profile companies including WeWork, Uber and Tesla. Industries including marijuana, vaping and bitcoin all have seen big price drops following a spate of
People walk past a board with the logo of Bitcoin in a street in Yerevan, Armenia September 9, 2019. Anton Vaganov | Reuters This has been a tough week for bitcoin. The world’s first and largest cryptocurrency plunged more than 20% over seven days, hitting a low of $7,757 Friday — its lowest level since
Ethan Brown, founder and CEO of Beyond Meat, prepares to ring the opening bell to celebrate his company’s IPO at the Nasdaq Market site in New York, May 2, 2019. Brendan McDermid | Reuters Beyond Meat stock jumped on Thursday and that’s putting pressure on the hundreds of millions of dollars that investors have bet