Finance

Nathan Chittenden carries a newborn calf at Dutch Hollow Farm in Schodack Landing, New York. “The last five years have been extremely rough for us dairy farmers,” he told CNBC. Emma Newburger / CNBC SCHODACK, N.Y. — Nathan Chittenden carefully slung a newborn calf over his shoulders and marched her over to his dairy barn

Dallas Federal Reserve President Robert Kaplan said he’s comfortable with where interest rates are but thinks the central bank needs to talk this year about the size of its balance sheet. In an interview Friday with CNBC’s Steve Liesman, Kaplan said economic growth is likely to grow in excess of 2% this year while inflation

The Federal Reserve’s policy making body heads into 2020 with a new complexion that, at least on its surface, seems committed to keeping interest rates low for the foreseeable future. In an annual rotation of voting members on the Federal Open Market Committee, Fed presidents Eric Rosengren of Boston and Kansas City’s Esther George head

Traders work on the floor of the NYSE. Brendan McDermid | Reuters Safe-haven assets rallied in unison on Friday after the U.S. killing of a top Iranian general in Iraq sparked a broad flight to safety move on fears of a broader conflict that disrupts energy production and drags down the global economy. Gold rose

The logo for Google Pay displayed on a phone screen. Jakub Porzycki | NurPhoto via Getty Images Big Tech may want to get into banking this year, but it doesn’t want to be your bank. Google plans to introduce consumer bank accounts later this year in collaboration with Citibank and a California-based credit union. The

A new report suggests the record stock market highs are on borrowed time. According to Moody’s Analytics chief economist Mark Zandi’s 2020 outlook, the backdrop is showing signs of cracks. Zandi gave CNBC an exclusive first look at his economic forecast ahead of its official release. “All of the pillars of the stock market look

Warren Buffett (L) and Berkshire-Hathaway partner Charlie Munger Eric Francis | Getty Images Warren Buffett may have a giant cash pile to burn but that doesn’t necessarily mean he will compromise his long-standing value investing principles. Over the past few months, the Oracle of Omaha has passed on different opportunities to acquire companies, big or

The “Fast Money” traders shared their first moves for the market open. Steve Grasso was a buyer of Microsoft. Steve Chiavarone was a buyer of the Russell 1000 Value ETF. Dan Nathan was a buyer of Goldman Sachs. Guy Adami was a buyer of Blackstone.  Disclosure Trader disclosure: Steve Grasso is long AAPL, ACB, BHC, CAR,

Beauty blogger Austin Li Jiaqi speaks with a dog on his lap while livestreaming on the e-commerce platform Taobao on October 26, 2018 in Shanghai, China. The 27-year-old Li, nicknamed “Lipstick Brother,” is the hottest online beauty blogger in China. VCG | Getty Images BEIJING — In five minutes this past November, Chinese livestreamer “Xin

Stocks are on pace to log their best year of gains since 2013, and if history serves as a guide, the bullish momentum should continue through the next 12 months. Michael Nagle | Bloomberg | Getty Images Stocks surged in 2019, with the S&P 500 jumping about 29%, logging 35 record closes as market sentiment

Trader Peter Tuchman reacts as the final day of trading for the year draws to a close at the New York Stock Exchange (NYSE) in Manhattan, New York, U.S., December 29, 2017. Andrew Kelly | Reuters Here’s what you need to know about Thursday before you hit the door for New Year’s Eve. New year

Tim Cook, chief executive officer of Apple, Inc. Daniel Acker | Bloomberg | Getty Images 2019 is shaping up to be a historic year for the S&P 500, and the benchmark has two stocks to thank. Apple and Microsoft, which surged 85% and 55% this year respectively, together accounted for nearly 15% of the S&P

Tim Cook, CEO of Apple Inc. Getty Images Apple stock is on pace to close out a year of explosive growth, and another key metric has reached a historic high, too. Apple’s trailing price-to-earnings (P/E) ratio steadily climbed this year alongside its stock price. Apple began the year with a trailing P/E ratio just over

U.S. government debt prices moved lower on Tuesday, the last trading day of the year. At 3:50 a.m. ET, the yield on the benchmark 10-year Treasury note rose to around 1.9034%, while the yield on the 30-year Treasury bond was also higher at 2.3574%. Bond yields move inversely to prices. Investors have been taking on

The amount of mergers and acquisitions in 2020 will trail the previous two years, transactions lawyer Michael Nemeroff told CNBC on Monday.  “We still think 2020 will be robust, but not quite as robust as 2019 and 2018,” Nemeroff, the CEO of law firm Vedder Price, said on “Closing Bell.” The value of deals across

The Federal Reserve is closing out 2019 seemingly in control, at least for the moment, of a problem that only a few months ago threatened to spiral into a crisis. Issues in the overnight lending market, where banks go to fund their operations, caused short-term borrowing rates to spike briefly in mid-September. More importantly, they

U.S. stock index futures were slightly higher Monday morning. At around 2:00 a.m. ET, Dow futures climbed 23 points, indicating a slightly higher open of just 2 points. The S&P 500 and Nasdaq indexes were also marginally higher. U.S. equities have enjoyed a strong rally in December, with the main indexes hitting record highs last

Check out the companies making headlines before the bell: Anixter International – Anixter continues to be the subject of a bidding war, with Wesco International increasing its bid for the networking equipment maker to $93.50 per share in cash and stock. Wesco – a maker of industrial products – had bid $90 per share earlier in the

The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of Home Depot. Gina Sanchez was a buyer of Disney. Victoria Fernandez was a buyer of Mastercard. Dan Nathan was a seller of Netflix.  Disclosure Trader disclosure: Dan is long TLT March 135 – 150 spread. NKE Dec Call

Daniel Pinto sees a lot from his perch atop the world’s biggest investment bank. He’s led J.P. Morgan Chase‘s corporate and investment bank since 2014, a time in which the bank has steadily gained market share from rivals in trading and banking. Pinto has also served as J.P. Morgan’s co-President and co-chief operating officer for