Investing

The Dow Jones Industrial Average is on course to close Friday with its worst weekly losses of the year as trade uncertainty continues to spook investors. Matt Maley, equity strategist at Miller Tabak, has some advice for those concerned over these wild market swings. “The old saying people would say [is] “don’t just stand there,

Here are the biggest calls on Wall Street on Friday: Bank of America said Ford is starting to hit a more “sustainable inflection in earnings.” “We are upgrading our investment rating on Ford from Neutral to Buy, which is predicated on our view that Ford is just starting to hit a more sustainable inflection in

The U.S. government on Friday approved the formation of a new Silicon Valley stock exchange following a regulatory criticism late last year. Backed by top Valley figures such as venture capitalist Marc Andreessen, the Long-Term Stock Exchange was born out of concern from the nation’s tech elite who were frustrated that the public market’s focus

Apple shares have slid steadily amid tumultuous U.S. trade negotiations with China, as investors fear CEO Tim Cook’s warning earlier this year about iPhone sales in China may yet come true. Apple’s stock is down more than 7% since President Donald Trump declared he would increased tariffs on $200 billion of Chinese goods to 25%.

President Donald Trump on Friday claimed a victory of sorts in an ongoing trade war with China, asserting that his latest round of import tariffs on Chinese goods will force China to pay “$100 billion” to the U.S. Treasury. Not only is Trump overstating the amount of those payments, he’s apparently unaware of who pays

Tesla‘s increasing production rate and active resale market may be hurting the brand’s appeal and diminish demand for its cars, Morgan Stanley said on Friday, in a counter-intuitive note to clients. “Many auto companies make great efforts to maintain and remarket their used vehicles to increase accessibility of the used product to customers who otherwise

WASHINGTON — Jeff Bezos, chairman of Amazon and founder of Blue Origin, unveiled his space company’s lunar lander for the first time on Thursday. “This vehicle is going to the moon,” Bezos said during an invite-only presentation to media and space industry executives. Picture tweet “We were given a gift — this nearby body called

President Donald Trump’s tariffs hit his voters the hardest, with the top three states most affected by the trade war all places that helped him win the White House. Charts compiled by Torsten Slok, chief economist at Deutsche Bank Securities, show Louisiana is the state most hurt by the tariffs, followed by Alaska and South

SoftBank is launching a second $100 billion tech fund: Vision Fund II, the company’s chief said Thursday. “This is the first time that they’re officially announcing that we would like to start preparing for the establishment of the SoftBank Vision Fund II,” SoftBank chief Masayoshi Son said on the company’s earnings call. Son said the

One of the biggest investment opportunities over the next decade will be in companies working to delay human death, a market expected to be worth at least $600 billion by 2025, according to one of Wall Street’s major investment banks. Bank of America Merrill Lynch analysts Felix Tran and Haim Israel believe that genome sequencers

Two prominent market voices squared off Wednesday over the future of cryptocurrencies in a debate that ended with a bet over a T-shirt. Economist Nouriel Roubini, who for many years wore the sobriquet “Dr. Doom,” said bitcoin and its peers don’t even deserve to be called “cryptocurrencies.” Investor and former hedge fund manager Michael Novogratz

As markets tumbled under the threat of a trade war with China, Goldman Sachs told clients there would be one distinct group of winners and one group of losers in the stock market as this foreign policy drama unfolds. Service-providing companies like Amazon will fare better than goods-producing firms like Apple during a trade war,

Ken Griffin speaking at the 2018 Delivering Alpha Conference in New York on July 18th, 2018.  David A. Grogan | CNBC Citadel’s flagship Wellington Fund is up 10% so far this year, a source familiar with the returns told CNBC on Tuesday. The fund was up 3.33% in April, driven by equities, commodities, credit, and

Traders work at Goldman Sachs booth on the floor of the New York Stock Exchange in New York. Scott Eells | Bloomberg | Getty Images For investors fearful of a full-blown trade war, here’s Goldman Sachs’ playbook to tackle the tough market. Stock losses keep accelerating as investors remain anxious about President Donald Trump’s new

Elon Musk, co-founder and chief executive officer of Tesla Inc., speaks during an unveiling event for the Tesla Model Y crossover electric vehicle in Hawthorne, California, U.S., on Friday, March 15, 2019. Patrick T. Fallon | Bloomberg | Getty Images Tesla‘s recent move to raise cash may quiet down some bears, but CEO Elon Musk’s

This chip dip could be your chance to buy. The VanEck Vectors Semiconductor ETF and the iShares PHLX Semiconductor ETF, two of the top exchange-traded funds tracking chipmakers, both lost more than 2% in intraday trading Monday following a hiccup in U.S.-China trade negotiations. The market-cap-weighted ETFs, both of which count Qualcomm and Intel among

Glenview Capital Management CEO Larry Robbins said Monday that he’s shorting shares of industrial conglomerate 3M. Robbins underscored 3M’s mounting litigation headaches, which span multiple states and center on pollution as a result of its operations. The manager added that, since 2015, 3M’s lawsuits have soared 87 fold and now pose a significant liability to

Hedge fund manager David Einhorn discussed two positions his firm has taken, both relating to leasing in the transportation industry. The Greenlight Capital founder and president said his fund has a long position on AerBus and a short on GATX. AerCap is involved in airplane leasing, while GATX is a leader in rail cars. Speaking

Adam Jeffery | CNBC Bihua Chen, founder and portfolio manager at Cormorant Asset Management, said on Monday she likes kidney disease drug maker Reata Pharmaceuticals. The kidney drug that Reata is developing called Bardoxolone has “striking efficacy,” the hedge fund manager said from the Sohn Conference in New York. Shares of Reata Pharmaceutical jumped more

Scott Eells | Bloomberg | Getty Images Shares of online real estate and home-related mobile platform Zillow rallied Monday afternoon after Valiant Capital said the stock is one of its portfolio picks. The huge advantage Zillow has here is so much traffic already coming to its site, Valiant President and Founding Partner Chris Hansen said