Finance

Pedestrians pass a GameStop store in New York. Scott Mlyn | CNBC Check out the companies making headlines after the bell: Shares of GameStop tanked more than 20% during extended trading after the video game retailer reported a large third-quarter earnings miss. GameStop posted a loss of 49 cents per share excluding certain items on

Robert De Niro, Al Pacino and Ray Romano star in Martin Scorsese’s “The Irishman.” Netflix Netflix has a history of not publicizing many of its viewership metrics, but the company isn’t shying away from saying how many of its subscribers watched “The Irishman,” the Golden Globe-nominated mobster film. More than 26 million global accounts (26,404,081,

Soybeans are harvested from a field on Hodgen Farm in Roachdale, Indiana, November 8, 2019. Bryan Woolston | Reuters China is buying more U.S. soybeans, as both countries try to reach an initial agreement on trade. Between September and November this year, Chinese imports of American soybeans increased 13 times from the same period last

Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters The record-setting stock market rally will gain steam in 2020 as the stage is set for the global economy to recover, according to J.P. Morgan. Dubravko Lakos-Bujas, the bank’s chief U.S. equity strategist, set his 2020 price target for the

James Gorman being interviewed in Davos, Switzerland, January 21, 2016. David A. Grogan | CNBC Morgan Stanley is cutting roughly 2% of its workforce due to an uncertain global economic outlook, according to people with knowledge of the situation.  The job cuts at the investment bank, the world’s biggest equities trading firm and a leading

If jobs market strength persists, Wells Fargo Securities Michael Schumacher isn’t ruling out a 2020 interest rate hike — especially if the Federal Reserve decides to add one more insurance cut early next year. His call comes less than a week before the year’s final Fed meeting on rates. “The Fed is not in a

T-Mobile CEO John Legere (L) and Sprint Executive Chairman Marcelo Claure (R) arrive to testify at the Senate Judiciary Committee’s Subcommittee on Antitrust, Competition Policy and Consumer Rights hearing on the proposed merger of T-Mobile and Sprint in the Dirksen Senate Office Building on Capitol Hill in Washington, DC, on June 27, 2018. Mandel Ngan

(This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click here.) The idea that we are late in the economic and financial-market cycle is one that even most Wall Street bulls won’t dispute. After all, when the economic expansion surpasses a decade to

U.S. President Donald Trump, with Speaker Nancy Pelosi and Vice President Mike Pence looking on, delivers the State of the Union address in the chamber of the U.S. House of Representatives at the U.S. Capitol Building on February 5, 2019 in Washington, DC. Doug Mills | Getty Images Citi is boosting its stock forecast for

(This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click here.) Wall Street veteran Karen Firestone knows all too well that stock picking isn’t as easy as it used to be, but her decades of experience is serving her well. Firestone runs a

Larry Kudlow, White House National Economic Council director, said the U.S. and China are “close” to a trade deal but that the administration was prepared to walk away if it did not get the terms they wanted. “The president has said many times if the deal is no good, if the assurances with respects to

China’s President Xi Jinping (L) and US President Donald Trump attend a welcome ceremony at the Great Hall of the People in Beijing on November 9, 2017. AFP Contributor | AFP | Getty Images The Trump administration’s Dec. 15 deadline for new tariffs on China looms large, and while most strategists expect them to be

November’s surprisingly strong jobs report makes it less likely the Fed will move to cut interest rates, and it could even sound more hawkish when it meets next week. A so-called ‘hawkish’ Fed is one that is more likely to move to tighten policy than make it looser by cutting interest rates or taking other

Job growth should appear strong in November as striking GM workers returned to the workforce. Economists surveyed by Dow Jones expected 187,000 jobs were added in November, and Refinitiv’s consensus forecast was 180,000. Wages are expected to rise by 0.3% in the month, and unemployment is expected to remain at 3.6%. The government’s monthly employment

Pedestrians pass in front of an Ulta Beauty store in New York. Gabby Jones | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of Ulta spiked more than 9% during extended trading after the beauty retailer posted mixed third-quarter earnings and matched same store-sales estimates. The company earned $2.25

A Mastercard debit card from U.K. digital bank Monzo. Monzo Online banks are betting that millennials don’t want to visit physical branches, but a new report from Jefferies challenges that theory. Physical banking locations “are still viewed as important” — especially by younger folks, and are still a top factor in picking a new bank,

Check out the companies making headlines after the bell: Joel Anderson, CEO, Five Below  Scott Mlyn | CNBC Five Below — The retailer said its comparable sales rose 2.9% in the third quarter, versus the 2.6% that analysts had expected. Its shares were up over 4% in extended-hours trading. Verint Systems — Shares of the

Robinhood grew its user based tenfold in about three years by bringing in younger generations to the finance world, co-CEO of the mobile stock trading app, Vladimir Tenev, told CNBC’s Jim Cramer on Wednesday. The start-up earlier that day announced that it has registered more than 10 million accounts to its platform, up from 1 million

The “Fast Money” traders shared their first moves for the market open. Pete Najarian was a buyer of Seagate.  Tim Seymour was a buyer of Google.  Karen Finerman was a seller of Mastercard calls.  Guy Adami was a buyer of Take-Two Interactive. Disclosure Trader disclosure: Guy Adami is long CELG, EXAS, GDX, INTC. Guy Adami’s

Traders work on the floor of the New York Stock Exchange. Brendan McDermid | Reuters President Trump’s comment that he had no deadline on a China deal has predictably thrown markets into a tizzy, as the self-imposed deadline of Dec. 15 for additional tariffs is now less than two weeks away. The market is now