Investing

Ron Baron, founder of Baron Capital, is a Tesla shareholder and a big believer in Elon Musk’s vision of the future. Baron believes Tesla can grow sales to $1 trillion in 12 years.  Anjali Sundaram | CNBC Billionaire investor Ron Baron told CNBC on Monday he believes Tesla’s bitcoin purchase is “not surprising,” but the longtime

Robinhood was sued Monday for wrongful death by the family of Alex Kearns, a 20-year-old customer who took his life last summer after believing he had racked up big losses on the millennial-favored stock trading app. “This case centers on Robinhood’s aggressive tactics and strategy to lure inexperienced and unsophisticated investors, including Alex, to take

Hundreds of unemployed Kentucky residents wait in long lines outside the Kentucky Career Center for help with their unemployment claims on June 19, 2020 in Frankfort, Kentucky. While the economic recovery has brought back jobs since the lowest point of the Covid-19 crisis, millions of Americans remain unemployed. John Sommers II There is a contentious

A United Parcel Service worker delivers packages in New York City. Stephanie Keith | Getty Images Volatility has made its way back to Wall Street. Over the last few weeks, the trading mania related to GameStop and AMC Entertainment has hogged headlines, after a group of retail investors banded together to bid up the share

Cavan Images | Cavan | Getty Images Hunter S. Thompson famously coined the phrase ‘Buy the ticket, take the ride.’ Investors should heed the words of the cannabis iconoclast as they consider if, and most importantly when, to invest in the nascent, but booming U.S. cannabis sector.  This past week, Senate Majority Leader Chuck Schumer

Traders work the floor of the New York Stock Exchange. NYSE Stocks head into the week ahead with a tailwind, as investors focus on a hefty fiscal stimulus package and the solid earnings season against a backdrop of rising interest rates. There are several dozen S&P 500 companies reporting earnings, including Coca-Cola, Pepsico, Cisco and

The logo of trading app Robinhood is displayed on a smartphone. Olivier Douliery | AFP via Getty Images A U.S. consumer watchdog saw a surge in complaints regarding Robinhood last week, with some clients claiming they were unable to liquidate holdings and move to other brokerage firms. The Federal Trade Commission received more than 100

A Starlink user terminal installed on the roof of a building in Canada. SpaceX Boxes containing Starlink kits, with user terminals and Wi-Fi routers. Starlink Starlink is SpaceX’s ambitious project to build an interconnected internet network with thousands of satellites, known in the space industry as a constellation, designed to deliver high-speed internet to consumers anywhere on the

A sign is seen at the entrance of the ExxonMobil Port Allen Lubricants Plant in Port Allen, Louisiana, November 6, 2015. Lee Celano | Reuters Exxon Mobil said Tuesday that it lost $20.1 billion during the most recent quarter, its fourth straight quarter of losses as the energy giant continues to grapple with the pandemic’s

[This livestream is scheduled to begin momentarily. Please refresh the page if you do not see the player above.] SpaceX is preparing to launch the latest prototype of its next-generation Starship rocket on Tuesday, in the second high-altitude flight test of the system. Starship prototype Serial Number 9, or SN9, will fly as high as

People walk past a GameStop store in Midtown Manhattan on January 27, 2021 in New York City. Michael M. Santiago | Getty Images Volkswagen often comes to mind when investors try to find a short squeeze comparable to GameStop‘s jaw-dropping spike last week. In October 2008, the German carmaker saw its Frankfurt-listed shares more than

An epic battle is unfolding on Wall Street, with a cast of characters clashing over the fate of GameStop, a struggling chain of video game retail stores. The conflict has sent GameStop on a stomach-churning ride with amateur investors taking on the financial establishment in the mindset of the Occupy Wall Street movement launched a

SpaceX vice president of build and flight reliability Hans Koenigsmann (left), former NASA director of human spaceflight William “Bill” Gerstenmaier (right). Source: NASA SpaceX vice president of build and flight reliability Hans Koenigsmann is retiring, CNBC has learned, and has begun transitioning his role to William “Bill” Gerstenmaier, the former NASA official that joined the

In this photo illustration, the Robinhood application is displayed on an iPhone on December 17, 2020 in San Anselmo, California. Justin Sullivan | Getty Images Small investors don’t appear to be punishing Robinhood too badly for the controversy surrounding GameStop last week, as the app remains the go-to place for retail clients to trade stocks.

Stash co-founders, Brandon Krieg and Ed Robinson. Source: Stash Stock-trading app Stash plans to announce a $125 million venture investment to help fuel customer growth. But it’s not looking to attract the type of trader who might bet on GameStop. The New York-based company will announce a Series G funding round Wednesday, led by Eldridge

The war between hedge funds and retail investors over shares of GameStop has one logical conclusion, according to executives and traders of a major Wall Street firm. Shares of GameStop, the videogame retailer, have climbed more than 900% since the start of the year after members of a Reddit community called WallStreetBets banded together in

A person works out at Planet Fitness as they re-open at 25 percent capacity in Boston’s Dorchester on Feb. 1, 2021. Jessica Rinaldi | Boston Globe | Getty Images As Washington squabbles over stimulus, the bond market is already counting on lots of fiscal spending and an economic bounce back. In an extreme case, inflation

Cleveland Federal Reserve President Loretta Mester said top regulators should be looking at the GameStop trading saga and how it is impacting markets. However, she said the situation isn’t impacting how she approaches monetary policy and doesn’t see the Fed making any adjustments in reaction to the Wall Street uproar. “I don’t think it’s something

A pedestrian passes in front of a Charles Schwab Corp. bank branch in downtown Chicago, Illinois. Christopher Dilts | Bloomberg | Getty Images Retail investing behemoth Charles Schwab beat Wall Street’s profit and revenue expectations for the fourth quarter, the first earnings report following Schwab’s $26 billion acquisition of rival TD Ameritrade. Charles Schwab on

Intel logo exhibited during the Mobile World Congress, on February 28, 2019 in Barcelona, Spain. Joan Cros | NurPhoto | Getty Images Earnings season is here, and Wall Street analysts are calling for another decline amid the pandemic. However, some pros are more optimistic about the fourth quarter earnings season, with Ignacio Cantos, investment director