Investing

CNBC’s Jim Cramer said he was “aghast” at the huge swing between the sharp decline in stock futures Monday evening and the strong Wall Street open Tuesday. The “Mad Money ” host blasted “pajama traders,” the term he coined for those who buy and sell futures contracts, often based on computer algorithms, during market off-hours.

A cyclist passes the Federal Reserve headquarters in Washington. Kevin Lamarque | Reuters The U.S. Federal Reserve announced on Monday it planned to develop its own round-the-clock real-time payments and settlement service, with an expected launch in 2023 or 2024. In a statement, the U.S. central bank said it was seeking public comment on the

Kyle Bass Mark Neuling | CNBC Hedge fund manager and Hayman Capital Management founder Kyle Bass said on Monday that without state support, China’s currency would plunge. “What’s happening in China is they have to have dollars to sell to buy their own currency to hold it up. If they were to ever free float

Signage for Alibaba Group is displayed at the company’s offices in Hong Kong, China, on Thursday, May 5, 2016. Justin Chin | Bloomberg | Getty Images Jefferies is betting on Chinese internet stocks in the midst of a full-blown trade war between the U.S. and China. The firm initiated coverage on 25 Chinese stocks, including

Jeff Bezos Sarah L. Voisin | The Washington Post | Getty Images Here are the biggest calls on Wall Street on Friday: Deutsche Bank upgraded Pinterest to ‘buy’ from ‘hold’ Deutsche upgraded Pinterest after the company’s earnings report and said it had more “confidence” in its ad business. “We upgrade shares of Pinterest to a

President Donald J. Trump listens during a meeting on Fentanyl and the opioid epidemic in the Oval Office at the White House on Tuesday, June 25, 2019 in Washington, DC. Jabin Botsford | The Washington Post | Getty Images Uncertainty around what will happen next with the global economy and how governments will respond is

Traders work on the floor at the New York Stock Exchange (NYSE) in New York. Brendan McDermid | Reuters Bank of America is calling for U.S. stocks to hold near current levels through the rest of the year following President Donald Trump‘s move to put new tariffs on Chinese goods, which could further dampen corporate earnings.

A detailed view of the shoe worn by Zion Williamson #1 of the Duke Blue Devils against the North Carolina Tar Heels during their game at Cameron Indoor Stadium on February 20, 2019 in Durham, North Carolina. Streeter Lecka | Getty Images A new set of tariffs on China that particularly targets retailers has Wall

China’s President Xi Jinping and U.S. President Donald Trump attend a welcome ceremony at the Great Hall of the People in Beijing on November 9, 2017. Nicholas Asfouri | AFP | Getty Images Wall Street strategists are preparing for what they call “a major escalation” in the wake of President Donald Trump’s announcement that a

Bill Murray and Warren Buffett Arnold Jerocki | GC Images | Getty Images; Adam Jeffery | CNBC Two American icons hung out in an Omaha, Nebraska ice cream shop on Thursday afternoon. Billionaire investor Warren Buffett sat down for ice cream with actor and comedian Bill Murray at Ted and Wally’s, a store in Omaha’s

Sand destined for the oil and gas fields piles up at the EOG Resources processing plant in Chippewa Falls, Wisc. Steve Karnowski | AP After shakey earnings for oil producer EOG Resources, the company’s stock is well-positioned to outperform, according to Mizuho Securities. The firm maintained its buy rating and $122 price target on EOG

The inside of Walmart’s Intelligent Retail Lab in Levittown, New York, where the retailer is testing a slew of new technology. Source: Walmart Shares of retailers are tanking as they are seen as the biggest target in the new round of China tariffs. President Donald Trump abruptly ratcheted up the trade war with China Thursday,

The surprise tariffs President Donald Trump announced Thursday against $300 billion or so of Chinese goods takes the trade dispute between the two countries to a new level, even though in dollar terms it doesn’t amount to a whole lot. The president’s announcement jolted markets, which had bounced back sharply off Wednesday’s disappointing Fed rate

Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, D.C., on Wednesday, July 31, 2019. Andrew Harrer | Bloomberg | Getty Images Two words from Federal Reserve Chairman Jerome Powell — “midcycle adjustment” — may have briefly roiled financial markets, but

Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters Traders now see a bigger chance of another rate cut by the Federal Reserve in September after it lowered interest rates for the first time since 2008 and hinted at further accommodation. The fed funds futures market now points to

Source: SmileDirectClub SmileDirectClub is bracing for a windfall of cash. The company, which provides invisible teeth-straightening devices, is looking to sell up to $1 billion in stock in an initial public offering, three people with knowledge of the matter said. SmileDirectClub is currently on file confidentially and aiming to flip its IPO prospectus to be

Stock buybacks have gotten a bad name in many precincts over the past few years, decried as unproductive “financial engineering” that detracts from corporate investment in future growth. But Apple’s aggressive use of its copious cash resources to repurchase its shares at modest valuations in recent years has shown the power of buybacks for a

Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co., listens during a Business Roundtable CEO Innovation Summit discussion in Washington, D.C., U.S., on Thursday, Dec. 6, 2018. Andrew Harrer | Bloomberg | Getty Images It’s among the worst fears of any bank CEO. A lone hacker managed to steal the personal information

Mario Gabelli Scott Mlyn | CNBC Shares of RPC, Inc., a small oil and gas company based in Atlanta, jumped following positive comments from billionaire investor Mario Gabelli. “I’ve been following it for 50 years,” Gabelli told CNBC’s “Halftime Report ” of the stock, which closed Monday at $5.54 a share. “If you look at

Traders work on the floor of the New York Stock Exchange (NYSE) on February 6, 2018 in New York City. Spencer Platt | Getty Images News | Getty Images The Federal Reserve is expected to cut rates this week for the first time since 2008, potentially giving investors the green light to play offense. CNBC