David Tepper, billionaire founder of Appaloosa Management, said Friday he still likes this bull market, which is the longest on record. “I love riding a horse that’s running,” Tepper told CNBC’s Joe Kernen in an exclusive email. “We have been long and continue that way.” The current bull market started in March 2009. Since then,
Finance
A pedestrian walks by Morgan Stanley headquarters in New York. Getty Images Check out the companies making headlines in midday trading. Morgan Stanley — Morgan Stanley shares jumped more than 7% after the bank posted quarterly profit numbers that easily beat expectations. The company earned $1.30 per share on revenue of $10.86 billion. Analysts polled
Getty / South_Agency It started out like any other online loan. Notre Dame Federal Credit Union reviewed the application. It did the necessary background checks, and authenticated the applicant’s credit score and background. But it wasn’t until a group of borrowers in Missouri abruptly stopped making payments that the South Bend, Indiana-based lender smelled trouble.
The “Fast Money” traders shared their first moves for the market open. Steve Grasso was a buyer of Shake Shack. Karen Finerman was a buyer of American Airlines. Dan Suzuki was a buyer of MSCI. Guy Adami was a buyer of Newmont Goldcorp. Disclaimer Trader disclosure: Karen Finerman’s firm is long ANTM, C, CBS, CPRI, FB, FDX,
A peacock in Ranthambore, India. Travelographer 1 | 500px Prime | Getty Images In what’s become a right of passage in the world of media and entertainment, Comcast‘s NBCUniversal will unveil Peacock, its new video streaming service, during the company’s investor day Thursday in New York. Peacock is the last of the known major media
People pass a sign for JPMorgan Chase at it’s headquarters in Manhattan, New York City. Spencer Platt | Getty Images J.P. Morgan Chase admitted to failures brought to light in a New York Times article last month and said it had taken a series of steps to learn from the episode. In letters to congressmen
Chinese President Xi Jinping and President Donald Trump at the G-20 Summit in Osaka on June 29, 2019. Brendan Smialowsi | AFP | Getty Images The highly-anticipated “phase one” trade deal is expected to be signed imminently, but that doesn’t mean it will lead to negotiations toward the next round of agreements anytime soon, Chinese
London’s iconic financial district Canary Wharf. Chris Ratcliffe | Bloomberg via Getty Images Investment in the U.K.’s technology sector grew at a faster pace than in the U.S. and China last year, according to new research released Wednesday. Venture capital funding for British start-ups grew 44% to a record $13.2 billion in 2019, a report
A worker pushes Amazon.com Inc. packages in front of a FedEx Corp. delivery truck in New York. Christopher Lee | Bloomberg | Getty Images Growth in last-mile deliveries over the next decade could contribute to slower commutes and greater carbon emissions in the world’s major cities, according to research published Friday by the World Economic
Home to tech behemoths like Amazon, Facebook and Google, one would think that the United States would have a mobile payments ecosystem that’s both advanced and convenient. Instead, the U.S. struggles to keep pace with countries like China and the U.K. For example, while more than 80% of Chinese consumers used mobile payments last year,