Despite a roller-coaster ride in 2019, IPO investors made money, and they are starting off 2020 in the green as well. The Renaissance Capital IPO ETF, a basket of the most recent 60 or so larger IPOs, is at a historic high. It has dramatically outperformed the S&P 500 year-to-date, up nearly 9% versus a
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Prince Harry, Duke of Sussex, and Meghan, Duchess of Sussex, leave Canada House on January 7, 2020, in London, England. (Photo by Samir Hussein/WireImage) Samir Hussein | WireImage | Getty Images Prince Harry and Meghan Markle are getting closer to severing financial ties with the Royal Family, but there’s one entity that will always be
Medical staff carry a box as they walk at the Jinyintan hospital, where the patients with pneumonia caused by the new strain of coronavirus are being treated, in Wuhan, Hubei province, China January 10, 2020. Reuters World health officials hesitated Wednesday to designate an outbreak of a flu-like coronavirus that’s killed at least 17 people
Tesla Inc CEO Elon Musk dances onstage during a delivery event for Tesla China-made Model 3 cars in Shanghai, China January 7, 2020. Aly Song | Reuters The very short-sellers that Elon Musk skewers frequently for betting against Tesla could ironically help the eccentric chief executive score a big payday. Nearly a fifth of Tesla
A worker prepares to load a silicon wafer machine in a clean room at the Texas Instruments semiconductor fabrication plant in Dallas, Texas. Jason Janik | Bloomberg | Getty Images Take a look at the companies making headlines after the bell. Texas Instruments – Texas Instruments’ stock fell 1% in extended trading on Wednesday after
Former Vice President Joe Biden (L) greets Sen. Bernie Sanders (I-VT) before the Democratic presidential primary debate at Drake University on January 14, 2020 in Des Moines, Iowa. Scott Olson | Getty Images Top Democratic presidential candidates all want to boost Social Security benefits. But two of the candidates — Sen. Bernie Sanders (I-Vt.) and
Dave Calhoun, Chairman of Boeing. Adam Jeffery | CNBC Boeing‘s new CEO Dave Calhoun said he wants the company to resume production of the 737 Max months before regulators sign off on the planes and airlines prepare to return them to service. Boeing suspended production of the planes this month because a worldwide grounding of
Johnson & Johnson headquarters in New Brunswick, N.J. Mel Evans | AP Johnson & Johnson‘s fiscal fourth-quarter profit beat Wall Street’s expectations but missed slightly on revenue, the company said Wednesday. Here’s what the company reported compared with Wall Street estimates, based on a survey of analysts by Refinitiv: Adjusted earnings per share: $1.88 versus
Elon Musk, chief executive officer of Tesla Inc., smiles while speaking to members of the media outside federal court in New York, U.S., on Thursday, April 4, 2019. Natan Dvir | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Tesla — Shares of Tesla continued their rapid climb on Wednesday
“Shark Tank” investor and Dallas Mavericks owner Mark Cuban is still a big Netflix bull after its weak guidance and subscriber miss. “I haven’t sold any shares and I’m still very bullish on it,” Cuban said on CNBC’s “Halftime Report” Wednesday. “They always offer weak guidance and it’s always been the discussion the day after
Tom Werner | DigitalVision | Getty Images Investing a pot of tax-free cash for medical expenses is a great idea, with apparently few takers. Health savings accounts, which are offered alongside high-deductible health-care plans, come with a bevy of tax benefits. You can contribute to an HSA on a pretax or tax-deductible basis and have
Netflix CEO Reed Hastings split the company in two in 2011, thinking that the growing ubiquity of high-speed Internet access would soon mean the end of their disruptive DVD mailing business. But neglecting the DVD business proved to be a mistake, and Netflix reversed course. Ore Huiying | Getty Images Shares of Netflix were sliding as much
President Donald Trump told CNBC on Wednesday that he trusts the information coming out of China on the coronavirus as the Centers for Disease Control and Prevention confirms the first case of it in the United States. “We have it totally under control,” Trump told “Squawk Box” co-host Joe Kernen in an interview from the
“We have contact,” revealed the ranger to the seven wildlife enthusiasts standing at the foot of Mount Sabyinyo, an extinct volcano in the Rwandan Virunga Mountains. An excited murmur spread through the group as they stood waiting in the morning sun. “Let’s go,” said a porter, as he climbed over the stone fence. The tourists
There is no deadline for the “phase two” China deal, U.S. Treasury Secretary Steven Mnuchin said while speaking at a CNBC panel during the World Economic in Davos, Switzerland on Wednesday. “As it relates to phase two, I would say there’s no deadlines,” Mnuchin told CNBC’s Geoff Cutmore. “So the first issue we’re very focused
Paul Tudor Jones Leanne Miller | CNBC Billionaire investor Paul Tudor Jones said the stock market today is reminiscent of the one in early 1999. “We are just again in this craziest monetary and fiscal mix in history. It’s so explosive. It defies imagination,” Jones CNBC’s Squawk Box at the World Economic Forum in Davos, Switzerland. “It
Public health officials have confirmed the first U.S. case of a mysterious coronavirus that has already killed at least 6 people and sickened hundreds of others in China, according to two reports. A White House spokesman declined to comment, referring calls to the Centers for Disease Control and Prevention. The CDC did not immediately respond
CEO Of Netflix, Reed Hastings, attends the red carpet during the Netflix presentation party at the Invernadero del Palacio de Cristal de la Arganzuela on April 4, 2019 in Madrid, Spain. Juan Naharro Gimenez | Getty Images Netflix downplayed concerns about competition in its Q4 2019 earnings report, but subscriber numbers don’t lie. Netflix noted
IBM President and CEO Virginia Rometty delivers a speech to participants during the 4th edition of the Viva Technology show at Parc des Expositions Porte de Versailles in Paris on May 16, 2019. Chesnot | Getty Images IBM will release its fourth-quarter earnings statement after market close on Tuesday. Here’s what the street expects: Earnings:
Global index and fund provider MSCI said Tuesday that investors need to more readily integrate ESG metrics, or a company’s environmental, social and governance factors, into investing philosophies. “We are sounding the alarm bells that if you are an investment institution and you’re not embracing this and taking it into account, it’s going to be