Apple Inc. CEO Tim Cook attends China Development Forum (CDF) 2018 at the Diaoyutai State Guesthouse on March 24, 2018 in Beijing, China. China Development Forum (CDF) 2018 is hosted by the Development Research Center of the State Council of China on March 24-26 in Beijing. Visual China Group | Getty Images The coronavirus continues
Investing
Warren Buffett David A. Grogan | CNBC Berkshire Hathaway’s Warren Buffett on Saturday will publish his much-awaited shareholder letter. The annual missives, which are logged here on Berkshire’s website going back to 1977, are considered required reading for investors large and small. And this year, investors will be especially interested to know whether Berkshire has
SpaceX is looking to raise about a quarter billion dollars in new funds, as Elon Musk’s company heads into a critical year for its three major projects. The company is seeking to bring in about $250 million at a price of $220 a share, according to people familiar with the financing. The new raise would
James Gorman, chairman and chief executive officer of Morgan Stanley. Michael Nagle | Bloomberg | Getty Images Morgan Stanley, the tony investment bank for rich Americans and corporations, is making a play for the masses with its $13 billion takeover of discount brokerage pioneer E-Trade. The move, announced early Thursday, is the biggest takeover by
Morgan Stanley’s acquisition of brokerage firm E-Trade has been a long time coming, the investment bank’s chairman and CEO James Gorman told CNBC’s Wilfred Frost on Thursday. “In truth, [conversations] started in 2002,” Gorman said on CNBC’s “Squawk on the Street.” “I called [E-Trade] back then when I was at Merrill [Lynch] because I was
James Gorman, chief executive officer of Morgan Stanley, fixes his jacket during a Bloomberg Television interview on the sidelines of the Morgan Stanley China Summit in Beijing, China, on Thursday, June 1, 2017. Giulia Marchi | Bloomberg | Getty Images Goldman Sachs had plenty of chances to make an offer for discount brokerage E-Trade before
Shares of Plug Power are surging, and social media users are weighing in on the stock on popular sites including Reddit, putting it among the ranks of other often discussed and speculative trading names like Tesla and Virgin Galactic. On Wednesday, absent any news such as quarterly earnings results that could conceivably drive the stock
Trader on the floor of the New York Stock Exchange. Brendan McDermid | Reuters Goldman Sachs sounded the alarm on Wednesday to clients about a possible correction in the stock market, noting investors are underestimating how big of a risk the coronavirus really is. “We believe the greater risk is that the impact of the
A Tesla logo is pictured during the Brussels Motor Show on January 9, 2020 in Brussels . (Photo by Kenzo TRIBOUILLARD / AFP) (Photo by KENZO TRIBOUILLARD/AFP via Getty Images) KENZO TRIBOUILLARD | Getty Images Shares of Tesla are jumping yet again, continuing the stock’s rapid speculative rise this year. The electric automaker’s stock is
Leon Cooperman at the 2019 Delivering Alpa conference in New York on Sept. 19. 2019. Adam Jeffery | CNBC Shares of Workday climbed Tuesday when billionaire investor Leon Cooperman said he had taken a stake in the company. Cooperman, founder of Omega Advisors, spoke Tuesday with CNBC’s Scott Wapner on “Fast Money Halftime Report.” He