Investing

Traders and financial professionals work on the floor of the New York Stock Exchange (NYSE) at the opening bell on August 19, 2019 in New York City. Drew Angerer | Getty Images News | Getty Images The market is inches away from reclaiming its all-time highs on renewed trade hopes, but things can change on

J.P. Morgan has placed two precious metals traders on leave — including the global head of base and precious metals trading — as the Justice Department’s criminal investigation into the firm’s trading practices continues. Michael Nowak, a managing director at J.P. Morgan who also heads the firm’s precious metals trading unit, was put on leave

The homepage of Intuit Inc.’s TurboTax website is displayed on a computer monitor in Washington, D.C. Andrew Harrer | Bloomberg | Getty Images A software company created to help regular people navigate the complexities of the U.S. tax code just entered its 11th year of stock gains. Intuit, creator of TurboTax, is a stock that

Government bond yields recently held above an important level, but the next test may prove dangerous for the stock market. The benchmark 10-year Treasury note yield tested 1.5% in late August and early September, bouncing off that level and most recently trading around 1.8%. That’s the third time the barrier has been broken since the

Apple disputed the negative call by Goldman Sachs on Friday, which hit the stock, taking issue with the firm’s negative characterization on how Apple would account for its new TV+ service. Goldman said that the one-year free trial of the TV+ service would have a “material negative impact” on earnings by showing lower hardware profit

CNBC’s Jim Cramer said on Friday that WeWork should pull its embattled initial public offering because the negative sentiment around slashing its valuation could be contagious in the overall stock market. “Stop the WeWork deal,” Cramer said on “Squawk Box.” “We don’t want that deal. I just wish they would go away.” Despite a number

David M. Solomon, Chairman and CEO of Goldman Sachs, speaks during the Milken Institute’s 22nd annual Global Conference in Beverly Hills, April 29, 2019 Mike Blake | Reuters Goldman Sachs is beefing up its technology team with a top Amazon cloud executive. The New York investment bank announced on Thursday it would hire Marco Argenti

The U.S. government’s red ink for fiscal 2019 swelled past the $1 trillion mark in August, the first time that level has been eclipsed in seven years, the Treasury Department reported Thursday. The total shortfall rose to nearly $1.07 trillion, thanks to a difference between revenue and expenses of more than $214.1 billion in August.

T. Boone Pickens, BP Capital Management Scott Mlyn | CNBC Magnates and friends of prominent wildcatter T. Boone Pickens remembered him fondly in comments to CNBC following his passing. Pickens died Wednesday of natural causes at age 91. Billionaire investor Warren Buffett told CNBC’s Becky Quick on Thursday that “they grow big personalities in Texas,

Charles Schwab is laying off 600 workers in response to a slowing economy and pressure from slumping interest rates, the company said. The cuts represent about 3% of the bank’s workforce and comes across all sectors amid an effort to streamline expenses as net interest revenue comes under pressure. “This Spring, we initiated a process

Traders and financial professionals work at the opening bell on the floor of the New York Stock Exchange (NYSE) on August 6, 2019. Drew Angerer | Getty Images Value is seeing the light of day finally. A huge rotation out of momentum stocks is underway as investors pile on bets on economically sensitive, cheap stocks

Goldman Sachs and Bank of America have been added to the growing list of underwriters, sources familiar said, for what will likely be the biggest initial public offering of all time, Saudi Aramco. There will be six global coordinators of the IPO, sources said. The listing is expected to value the world’s most profitable oil

CEO of WeWork Adam Neumann Getty Images WeWork is worth just a fraction of where it was raising money in private markets, according to a widely followed valuation expert. Aswath Damodaran, professor of finance at the Stern School of Business at NYU, who is sometimes called the “dean of valuation,” analyzed the start-up’s prospectus filed

The labor market and the broader economy are both better than they look on the surface, and in fact have been mostly defying the continual patter of recession expectations. By multiple measures, the U.S. is staying ahead of the global slowdown, the trade war with China and the bond market’s implication that the decade-long recovery

A selection of Netflix original content sits displayed in the Netflix app on an Apple iPad tablet device in this arranged photograph in London. Jason Alden | Bloomberg | Getty Images Netflix is putting out strong performance data but investors don’t seem to care, according to Credit Suisse. Despite positive numbers coming from app downloads

The Facebook app is displayed on the screen of an iPhone. Fabian Sommer | picture alliance | Getty Images Facebook and Amazon are two of J.P. Morgan’s top picks in the internet sector, despite intensified scrutiny from regulators at home and abroad.  The firm likes Facebook, Amazon, Twitter, Netflix and media company IAC in the

An activist investor with a penchant for bold calls about companies losing value spoke to CNBC’s “Squawk Box” on Monday about his latest position, which bets that household products company Church & Dwight will lose half its value. Spruce Point Capital founder Ben Axler published a report last week expressing “significant concerns” about Church &

The chicken in Popeye’s sandwich crunches audibly when you bite in, with all those nooks and crannies on the surface shattering into a thousand delicious pieces. Nick Kindelsperger | Tribune News Service | Getty Images No wonder Popeyes ran out of its new chicken sandwich. An analyst at KeyBanc Capital Markets estimates the fast-food chicken

JEWEL SAMAD/AFP/Getty Images For a sector that’s typically not known as a dividend play, technology stocks could be a great place to find yield in this world of tumbling rates. In the past decade, the tech sector has increased its dividend payouts by about 17% to $88 billion, according to Credit Suisse. Apple and Microsoft,

Bank of America financial center manager, center, shows a customer how to use the ATM with Teller Assist station in Cherry Creek. Andy Cross | Denver Post | Getty Images Keefe, Bruyette & Woods (KBW) lowered its rating on Bank of America shares to market perform from outperform, saying the bank is facing earnings pressure