Scott Minerd, founding managing partner at Guggenheim, at WEF in Davos, Switzerland on Jan. 22, 2019. Adam Galica | CNBC Guggenheim Partners Global CIO Scott Minerd said Wednesday that stocks could have further to fall as the markets came to grips with the economic impact from the coronavirus outbreak. Minerd, appearing on CNBC’s “Closing Bell,”
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President Donald Trump Kevin Lamarque | Reuters President Donald Trump may be livid about this week’s market sell-off, but the rally in U.S. equities since his election is still well intact. The Dow Jones Industrial Average is up 47.7% since Trump’s election through Tuesday’s close, which brought the index’s week-to-date point loss to more than
Virgin Galactic co-founder Sir Richard Branson, CEO George Whitesides and Social Capital CEO Chamath Palihapitiya pose together outside of the New York Stock Exchange (NYSE) ahead of Virgin Galactic (SPCE) trading in New York, U.S., October 28, 2019. Brendan McDermid | Reuters Virgin Galactic Chairman Chamath Palihapitiya thinks the recent rally by Wall Street’s favorite
The Nasdaq-100 Index shed more than 2% on Tuesday, and based on one key technical indicator, it may be headed for even steeper declines. On Monday, the tech-heavy index’s 14-day RSI reading fell below 50, breaking its longest streak above 50 on record, according to data from Sentimentrader. RSI, or relative strength index, is a
CNBC’s Jim Cramer said Tuesday he does not recommend investors rush back into the market as concerns about the coronavirus persist. “No reason to buy anything if it’s up because that’s just a sucker’s game,” Cramer said on “Squawk on the Street” as Dow futures were pointing to bounce. Cramer’s comments come after the Dow
Jamie Dimon, CEO of JP Morgan Chase, appears on CNBC’s Squawk Box at the 2020 World Economic Forum in Davos, Switzerland on Jan. 22nd, 2020. Adam Galica | CNBC JPMorgan Chase announced a pledge to facilitate $200 billion in environmental and economic development deals and will pull back from advising and lending to the coal-mining
Investors must take precaution about the stocks they want to put their money in because the coronavirus outbreak is disrupting supply chains of many companies, CNBC’s Jim Cramer warned on Monday. American businesses are “far too dependent” on manufacturing products in China, he said. The comments came after the three major U.S. stock indexes plunged
Warren Buffett David A. Grogan | CNBC Warren Buffett was live on CNBC’s “Squawk Box” for three hours on February 24, 2020. Berkshire Hathaway’s chief and Becky Quick covered many topics, including his thoughts on Democratic presidential contenders Bernie Sanders and Michael Bloomberg, sub-zero interest rates, Bank of America vs. Wells Fargo, cryptocurrencies, and his
Billionaire Warren Buffett told CNBC on Monday that investors should not reach for yield beyond their risk-tolerance, even with interest rates so low and stocks seemingly like the only place to get a return. “If you need to get 3% and you can only get 1%, the answer is … you should always adapt your
As the energy industry faces a time of reckoning — pressured by consistently low oil prices, high operating costs and a growing sustainable investing movement — oil and gas companies are increasingly turning to Silicon Valley for help streamlining operations and boosting efficiencies. By some estimates, the addressable market for digital oil and gas solutions