Investing

Billionaire investor Leon Cooperman teared up on Monday as he discussed the political divide in the U.S. and his concerns about the American dream. “I care,” the hedge-fund manager answered on CNBC’s “Halftime Report,” tearing up after CNBC’s Scott Wapner asked why he has been so vocal about the 2020 election. Cooperman’s response came in

Brian Moynihan, CEO, Bank of America Scott Mlyn | CNBC Bank of America decided to move up an increase in the company’s minimum to early 2020 from 2021. The company announced Monday that its workers will earn a minimum of $20 per hour starting by the end of next year’s first quarter. Bank of America’s

Warren Buffett’s Berkshire Hathaway reported earnings on Saturday and Wall Street is caught up on one key thing: its cash pile. In the third quarter, the holding company’s cash balance grew to a record $128.2 billion — up from $122.4 billion in the prior quarter and $23 billion a decade ago — leading analysts to

TOPSHOT – A vehicle passes an anti-Brexit pro-Irish unity billboard seen from the Dublin road in Newry, Northern Ireland, on October 1, 2019 on the border between Newry in Northern Ireland and Dundalk in the Irish Republic. – Britain will give the EU new proposals for a Brexit deal “shortly”, Prime Minister Boris Johnson said

A button for launching the Netflix application is seen on a remote control in this photo illustration in Warsaw, Poland on April 25, 2019. Jaap Arriens | NurPhoto | Getty Images Netflix needs a cheaper streaming option to survive the streaming wars, according to Needham. The firm said the streaming platform needs advertising dollars to

A Delta Air Lines jet taxis beyond parked Southwest Airlines planes at McCarran International Airport September 12, 2005 in Las Vegas, Nevada. Ethan Miller| Getty Images Here are the biggest calls on Wall Street on Friday: Citi initiated Delta Airlines & United Airlines as ‘buy’ Citi initiated several airline stocks and said it liked Delta’s

An employee passes the Google logo. Carsten Koall/Getty Images Democrats and Republicans don’t agree on much these days, but their mutual distrust of big tech stocks poses an underappreciated threat to companies like Google and Facebook, according to Goldman Sachs. And while the Department of Justice and the Federal Trade Commission already announced investigations into

People pass a sign for JPMorgan Chase at it’s headquarters in Manhattan, New York City. Spencer Platt | Getty Images Federal prosecutors have asked for two civil cases against J.P. Morgan Chase be put on hold until they have finished a related criminal prosecution involving current and former precious metals traders at the nation’s largest

The market is breaking out as global economic data is taking the edge off the slowdown narrative. The marginal mover of stocks this year has been the Federal Reserve, trade, and the global economic slowdown, led by weakness in Europe and China. The global economic slowdown has even encompassed worries about a slowdown in the

Chevron reported a 36% decline in third-quarter earnings as lower oil and natural gas prices offset an increase in production. Chevron earned $2.6 billion in the third quarter, down from $4 billion a year earlier. Both EPS and revenue missed the Street’s expectations. The stock was about 1% lower in early trading. Chevron said that

CNBC’s Jim Cramer said Thursday he still believes Apple’s stock is undervalued, even with nearly 60% run higher in 2019, nearly triple the pace of the overall stock market this year. “This is a company that has a multiple that’s way too low given the fact that it’s consistent and China does not seem to

Exxon and Chevron report earnings on Friday before the bell as energy companies continue to struggle, pressured by falling oil prices, waning demand and squeezed margins. The Street is expecting Exxon’s earnings to plummet by more than 50% from a year ago. For Chevron, it’s a more modest 29% decline. Exxon Exxon is expected to

Apple CEO Tim Cook Spencer Platt | Getty Images Apple on Wednesday evening reported stronger-than-expected earnings for the fourth quarter and analysts mostly put out glowing reviews. Yet the stock is barely higher Thursday morning. That’s because of a report on Thursday revealed China is doubtful about reaching a comprehensive long-term trade deal with the

The Federal Reserve just cut interest rates for the third time this year and said it will likely pause from here. That scenario is usually very good for stocks. CNBC used Kensho, a hedge fund analytics tool, to track what happened to the market after the Fed cut interest rates at least three times. In

Former Exxon CEO Rex Tillerson said the company tried to understand the impact of climate change, and tried to accurately communicate the impact to shareholders, as he testified on Wednesday in New York during the second week of a trial against the oil giant. The case, brought by New York Attorney General Letitia James, alleges

Technicians build LEAP engines for jetliners at a new, highly automated General Electric (GE) factory. Alwyn Scott | Reuters General Electric continues to burn cash at its aviation business, as the grounding of Boeing’s top-selling 737 Max caused GE to delay production of engines for the aircraft. This year, GE has logged significant working capital

Traders work the floor of the New York Stock Exchange. Getty Images This stock market rally to records is starting to look shaky. The S&P 500 refreshed its record again on Tuesday ahead of an expected rate cut from the Federal Reserve, but looking under the hood, investors are increasingly flocking to one of the

More people could be in danger from rising sea levels than previously thought, a new study says. The report, published on Tuesday by Nature Communications, found that by the end of the century as many as 630 million people could live on land below projected flood levels. This is three times greater than prior estimates.

Sergei Konkov | TASS | Getty Images As Alphabet shares fell after the Google-parent missed Wall Street’s third-quarter earnings expectations, one analyst proposed a solution: Divest YouTube, one of the tech giant’s most valuable assets. “We think GOOGL should spin off part or all of YouTube, which we estimate would be worth $300B on a stand-alone basis,”

Dara Khosrowshahi Patrick T. Fallon | Bloomberg | Getty Images Ride-hailing giant Uber is making a deeper push into financial services. The company announced on Monday the formation of a new division called Uber Money to house its efforts, which include a digital wallet and upgraded debit and credit cards. The emphasis, at first, will