Investing

SpaceX owner and Tesla CEO Elon Musk reacts during a conversation at the E3 gaming convention in Los Angeles, June 13, 2019. Mike Blake | Reuters UBS slashed its earnings forecast and price target for Elon Musk’s Telsa, the firm said Friday. Improved deliveries in the second quarter could drive Telsa shares in the near

Pedestrians walk past a Nordstrom Inc. store. Ben Nelms | Bloomberg | Getty Images Nordstrom and Ross Stores slumped Thursday after Goldman Sachs downgraded both stocks and struck a sober tone in discussing profit outlook for the retail sector at large. The brokerage cut its rating on both names to sell, telling clients that Wall

Stewart Butterfield (C), co-founder and chief executive officer of Slack, and Allen Shim (2nd L), chief financial officer of Slack, ring the opening bell the New York Stock Exchange (NYSE), June 20, 2019 in New York City. Drew Angerer | Getty Images Here are the biggest calls on Wall Street on Wednesday: Baird initiated Slack

Berkshire Hathaway Chairman and CEO Warren Buffett is shooting down reports of tensions between him and 3G Capital, the company’s partner in Kraft Heinz. Responding to the reports, Buffett said 3G co-founder Jorge Paulo Lemann is “a good friend,” adding that Lemann attended the Berkshire Hathaway annual meeting in Omaha last month with several family

A trader works ahead of the closing bell on the floor of the New York Stock Exchange, June 19, 2019 in New York City. Drew Angerer | Getty Images Three weeks ago, we had a few of our worst days relative to the market in many months. How bad is very bad? To put this

John Gress | Corbis | Getty Images Traders in the fed funds futures market made bets in record numbers this week, with the bulk of the money looking for the central bank to cut interest rates aggressively in the months ahead. Trading volume soared to 1,293,459 million contracts Wednesday, the same day the Federal Open

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 One of Wall Street’s most vocal and longest critics of Goldman Sachs has changed his tune and now recommends investors buy the company’s stock, saying its investment

Traders and financial professionals work on the floor of the New York Stock Exchange. Drew Angerer | Getty Images Traders are convinced the Federal Reserve will cut rates next month. The fed funds futures market is now pointing to a 100% chance of an easing of monetary policy next month — a 67% chance of

Facebook announced its cryptocurrency, called Libra. Chesnot | Getty Images News | Getty Images The cryptocurrency industry cannot get enough of Libra, touting its ability to gain mainstream adoption which bitcoin strived to do for years. “Libra is potentially one of the most positive external tailwinds in Bitcoin in its 10-year history,” said Spencer Bogart,

A man takes a photo of new Google products on display during the Google I/O conference at Shoreline Amphitheatre in Mountain View, California on May 7, 2019. Josh Edelson | AFP | Getty Images Not all FAANG stocks will survive and thrive in regulators’ battle to breakup big tech, according to Needham. Given an overall

Picture of a cup of coffee at a Luckin Coffee location. Fred Dufour | AFP | Getty Images Beijing-based coffee chain Luckin Coffee is catching the eye of Wall Street analysts who are hoping the newly public company’s technology-driven business model will fuel growth in an underpenetrated coffee market in China. Luckin, which is the

Broadcom CEO Hock Tan is paying the price for misjudging President Donald Trump‘s resolve to “bring the Chinese to their knees,” CNBC’s Jim Cramer said Friday. Trump feels he has to “sacrifice Broadcom on the alter of Huawei” to humble China in trade negotiations, Cramer argued. Last year, Broadcom received about $900 million in revenue

Actor/producer Brad Pitt accepts the PGA Visionary Award during the 26th Annual Producers Guild Of America Awards last January in Los Angeles. Getty Images Hollywood star Brad Pitt, Steve Job’s widow Laurene Powell Jobs and UK-based stock-picker Neil Woodford are all reportedly investing in a little known “cold fusion company,” the Financial Times said on

Howard Marks, Co-Chairman, Oaktree Capital. David A. Grogan | CNBC Billionaire investor and Oaktree Capital Management Co-Chairman Howard Marks is worried to hear investors say “this time it’s different” or openly wonder if the historic bull market and economic success “can only get better forever.”  In a 12-page letter sent to Oaktree clients on Wednesday,

Mary Meeker presents her annual Internet Trends Report at Code 2018. Asa Mathat | Vox Media The most highly anticipated report of the year for tech investors has arrived. Mary Meeker, a widely followed technology backer and general partner at the venture firm Bond Capital, published her 333-slide “Future of the Internet” report Tuesday ahead

In this May 2, 2019, file photo Beyond Meat CEO Ethan Brown, center, watches as his company’s stock begins to trade following its IPO at Nasdaq in New York. Mark Lennihan | AP Short-sellers lost $398 million betting against Beyond Meat through Friday, according to research S3 Partners. And those losses got bigger on Monday as the

May’s overall job growth disappointed, but there were pockets of strength with strong hiring in the health care, computer and digital design and food service industries. The Labor Department’s Friday report on the employment situation also showed a decline in retail positions while manufacturing continued to added to a string of lackluster prints. CNBC studied

Since last decade, NASA has turned repeatedly to Colorado companies to produce the technology it needs to not only send astronauts on new lunar missions but also to Mars and into the depths of space. Above, the International Space Station. NASA | Getty Images National Aeronautics and Space Administration is opening the International Space Station

President Donald Trump tours the area around the U.S.-Mexico border wall in Calexico, California, U.S., April 5, 2019. Kevin Lemarque | Reuters First, China. Now, Mexico. And Wall Street analysts scrambling to quantify the impact of tariffs on the companies they cover are beginning to feel like its Groundhog day. President Donald Trump opened a

The SEC this week voted to approve a financial investment reform package. Known as “Regulation Best Interest” or “Reg BI,” the package is intended to strengthen protections for investors by requiring financial advisors and in particular broker-dealers to disclose conflicts of interest. Does it provide more protection for investors than previous rules? It depends on

Workers assemble cars on the line at Tesla’s factory in Fremont. David Butow (Photo by David Butow/Corbis via Getty Images) David Butow | Corbis News | Getty Images A key metric for Tesla’s sales bounced back in the spring after a disappointing first quarter, but the company will need consistent strong performance to return its

A shopper carries a Tiffany & Co. retail bag on Fifth Avenue in New York, May 30, 2019. Victor J. Blue | Bloomberg | Getty Images Luxury jeweler Tiffany & Co. blamed disappointing quarterly results on a steep decline in Chinese tourism, the company said Tuesday. After slashing the company’s full-year profit outlook to low-to-mid-single-digit

Getty Images Bank of America cut its 2019 profit outlook for the stock market’s biggest companies on Monday, citing renewed trade tensions between the United States and two key trading partners. The bank’s head of U.S. stock strategy warned clients that the market’s price has yet to reflect the impact the dispute between Washington and

Arriving in my downtown Boston office one day last month, after an early spin class, I read a surprising article about my gym. Equinox, the operator of nice (okay, high-end) health clubs, is branching out of its expertise, opening its first branded hotel and investing in a real estate project that will include co-workspace and

Traders and financial professionals work at the opening bell on the floor of the New York Stock Exchange (NYSE), May 6, 2019 in New York City. Drew Angerer | Getty Images News | Getty Images Evaluating the price-earnings ratio is a deeply ingrained practice for investors. But it isn’t a metric that delivers positive results,

Avocado toast and that extra side of guacamole are probably going to get more expensive if President Donald Trump‘s newest trade threat becomes a reality. The United States gets the vast majority of its supply of the popular fruit from Mexico. If Trump’s surprise threat of 5% tariffs on imports from the country goes into effect,

Miners are seen at the Bayan Obo mine containing rare earth minerals, in Inner Mongolia, China July 16, 2011. Stringer | Reuters China’s threat to curb exports of rare earth minerals to the United States could move the needle in an escalating trade war as the world’s two largest economies continue to jockey for leverage.

Defense Department’s Patrick Shanahan, before he was tapped by President Donald Trump to serve as the department’s Acting Secretary Department of Defense The Pentagon presented a report to Congress on rare earth minerals in an effort to reduce reliance on China, according to a Reuters report. “The department continues to work closely with the president,

Amazon Web Services at the 2019 CERAWeek in Houston, TX. Mary Catherine Wellons | CNBC Amazon‘s stock could be worth $2,500 a share in one year, Cowen said, valuing its Amazon Web Services business at a whopping $505 billion. Cowen raised its 12-month price target for Amazon to $2,500 from $2,400, which would translate into

Traders and financial professionals work on the floor of the New York Stock Exchange (NYSE) ahead of the opening bell, May 8, 2019 in New York City. Drew Angerer | Getty Images One of the biggest Chinese chipmakers is delisting from the New York Stock Exchange amid the trade war, but the company said the