Prince Spaghetti Day Those of a certain age can easily recall the television commercial. The woman yelling the name "Anthony" out of her window. The boy running through the streets of northern Boston to get home in time for his supper. Why was Anthony
International policy, especially with regard to trade, can create opportunities to purchase companies who are likely to see improved results. Alcoa Corporation (AA) is one of those opportunities. The financial news lately has been dominated by stories about global trade, tariffs and the prospect of a trade war.
How has the king of buy-and-hold investment fared in China? Not bad, based on a bet Warren Buffett made a decade ago. On Sept. 26, 2008, Berkshire Hathaway Inc. agreed to buy what is now equivalent to 24.59 percent of BYD Co.’s Hong Kong-traded stock.
(Photo credit: CNBC) Weed has been a red-hot investment theme in 2018. As some cannabis companies’ share prices have shot up in the past few months, some already caution that we may be experiencing a bitcoin craze again. Here are the cannabis stocks
With the Federal Reserve all but certain to raise interest rates on Wednesday, investors may need to brace for sudden, unexpected market volatility as stocks have been underperforming on Fed Days in recent months. Data published by Bespoke Investment Group Tuesday indicate that stocks, on average, fell 0.13% on the last 10 times the central bank held its policy meetings. Adding to potential trouble, George Goncalves, head of U.S. rates strategy at Nomura, notes that a Wednesday rate hike would mark the first time that the Fed has tightened in September, a month in which the stock market historically has not performed well.
U.S. equities are under pressure on Monday amid fresh U.S.-China trade tensions (Beijing is threatening to abandon discussions) and reports in the political press that Deputy Attorney General Rosenstein — who is in charge of the Mueller investigation — has resigned in anticipation of being fired by President Trump. Subsequent reporting says that Trump and Rosenstein had an extended conversation and will meet on Thursday when Trump returns to Washington D.C. Stocks are weakening on worries the fate of the Russia investigation is tied up with Rosenstein.
Verizon (NYSE:VZ) will be offering to pay employees three weeks of severance for each year they have been with the company. News of these plans come as the wireless company looks to reduce its costs by $10 billion before 2021 rolls around. Another recent bit of news that may be connected to the layoffs are plans from Verizon to outsource its IT work.
Jim Cramer rattles off his take on callers' favorite stocks, including a high-profile auto play with a heavy trading volume.
Advanced Micro Devices (AMD) closed the most recent trading day at $32.57, moving -0.12% from the previous trading session. In that same time, the Computer and Technology sector gained 0.35%, while the S&P 500 gained 1.71%.
With a 52-week high just over $50 and with the stock now under $25, JD stock is officially down more than 50% from its January highs. The company has a $35 billion valuation and is expected to generate sales of almost $69 billion this year. Is JD stock a screaming buy amid an escalating trade way?
Investors are no longer skeptical enough about corporate earnings and in turn have made the U.S. stock market the most expensive in the world, says Yale economist Robert Shiller. Investors are no longer skeptical enough about corporate earnings and in turn have made the U.S. stock market the most expensive in the world, Nobel Prize winner Robert Shiller told CNBC on Tuesday.
Niu Technologies filed Monday for a $150 million initial public offering in the U.S. Produced exclusively out of the southeastern Chinese province of Jiangsu, Niu scooters stand out from other brands in China for their sleek, sporty design and technology that guards against theft. Wang Xiao Pian, 38, said her Niu store in Beijing has sold more than 300 scooters in August, and at least as many in September so far.
Canada-based Aurora Cannabis Inc. tripled its revenue thanks to bigger weed sales in the final quarter of its fiscal year, but the pot producer’s profit gains were mostly the result of a different business: investing in other marijuana companies. Canadian cannabis stocks have been soaring of late, as the country prepares to fully legalize the drug for adult recreational consumption on Oct. 17. Aurora (ACBFF)(CA:ACB) executives, similar to competitors like Canopy Growth Corp. (CGC)(CA:WEED) and Cronos Group Inc. (CRON)(CA:CRON) , said after releasing earnings Monday evening that the company is prepared for a big spike in sales.
Will turmoil in D.C. derail the rally. Just how bad can the chaos in D.C. get? With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Karen Finerman, Steve Grasso and Guy Adami.
The recent craze around cannabis sent investors buying shares in big names like Tilray (TLRY) and Canopy (CGC), as well as the only exchange-traded fund listed in the U.S. that tracks cannabis companies. Jason Wilson, president of Budding Equity Asset Management, launched the ETF in partnership with ETF Managers Group in December. Alcoholic-beverage maker Constellation Brands’ $4 billion investment in Canadian marijuana grower Canopy Growth was the largest catalyst, said Wilson.
The house edge has hit hard times in casino stocks Las Vegas Sands (NYSE:LVS) and Wynn Resorts (NASDAQ:WYNN). But in today’s market, a pairs trade using a couple well-designed spreads banking on some green in LVS stock and a bit of continued red in WYNN
Aurora Cannabis, one of the world's largest publicly traded marijuana companies, reported a surprise profit Tuesday that sent shares soaring more than 9%. The company increased its gross margins thanks to a higher selling price per gram of cannabis. Follow Aurora's stock price in real-time here.
DEEP DIVE Shares of many U.S. semiconductor manufacturers and their suppliers have been hammered over the past week, as investors have learned about the potential effects of President Trump’s trade war with China. But a high level
China is starting to buy more Argentine soybeans because of China’s trade war with the United States, and Argentina will in turn purchase more U.S. soybeans to meet its own needs, oilseeds analysts Oil World said on Tuesday. Soybean exports from the United States to China have come to a virtual stop since July when Beijing imposed heavy tariffs on U.S. imports as part of a trade war between the two countries.
Chesapeake Energy (NYSE:CHK) has been on a roller coaster ride for the past 12 months. The ups and downs of CHK stock price have been driven by fluctuations in fuel prices as well as the company’s struggle to pay down its massive debt load. Is CHK stock a good buy today?
It's that time again! "Mad Money" host Jim Cramer rang the lightning round bell, which means he gave his take on callers' favorite stocks at rapid speed. Tesla TSLA : "I think that Tesla's just OK. It's a battle between the longs and the shorts. I don
(Video)Scott Haslem, chief investment officer at Crestone Wealth Management, talks about U.S. and emerging-market stocks. He speaks with Haidi Stroud-Watts and Shery Ahn on "Bloomberg Daybreak: Australia."More from Bloomberg.comMillennials Are Causing
India is not planning to buy any crude oil from Iran in November, raising the prospect that Tehran will lose another major customer as U.S. sanctions hit. Indian Oil Corp. and Bharat Petroleum Corp. haven’t asked for any Iranian cargoes for loading in November, according to officials at the companies. India is the second-largest buyer of Iranian oil, having imported an average of 577,000 barrels a day this year, or about 27 percent of the Middle Eastern country’s exports, according to Bloomberg tanker tracking data.
Nio, widely seen as the Tesla of China, is tumbling after its initial-public-offering highs. "An unproven management team along zero experience in manufacturing cars makes this an easy stock to steer clear of," said Mark Tepper, president of Strategic Wealth Partners. Nio, widely seen as the Tesla of China, is tumbling this week, which echoes an investor's bearish view.
SurveyMonkey parent company SVMK Inc. proved that dot-com-era companies can still go public decades after that bubble popped and still be in heavy demand. The San Mateo, Calif.-based survey-software maker priced its initial public offering higher than expected Tuesday evening and even added more shares to the sale. SurveyMonkey also planned to sell $40 million in stock to the venture-capital arm of Salesforce.com Inc. (CRM) , and there are 2.25 million more shares available to underwriters.