Investor Steve Eisman is predicting bad things ahead for anyone betting on online real estate site Zillow, which has been trying to expand its operations but faces a stiff challenge. The managing director and senior portfolio manager at Neuberger Berman has been shorting Zillow for some time, and explained to CNBC in an interview Thursday that the
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Bob Iger, CEO, Disney Stephen Desaulniers | CNBC Here are the biggest calls on Wall Street on Thursday: Credit Suisse upgraded Disney to ‘outperform’ from ‘neutral’ Credit Suisse said it sees further upside into the company’s Disney+ launch. “We are upgrading Disney from Neutral to Outperform and increasing our price target $20 to $150/share. We
Bank stocks are getting slammed this week as the trade war heats up, but according to some analysts, that selling is misplaced. Wall Street took collapsing bond yields Wednesday to mean trouble for the economy, and investors fled positions in the largest U.S. financial institutions. Shares of J.P. Morgan Chase and Bank of America led
The Federal Reserve’s “midcycle adjustment” to interest rates could be morphing into something considerably more serious, judging by recent market action. After the rate cut approved last week, Fed Chairman Jerome Powell quickly doused market expectations that the move was a sign of an extended period of monetary easing. Powell mostly expressed optimism in the
An Apple iPhone 6 phones are taken out of a shipping box at a Verizon store on September 18, 2014 in Orem, Utah. Apple’s new iPhone 6 and iPhone 6 Plus go on sale September 20. (Photo by George Frey/Getty Images George Frey | Getty Images News | Getty Images Over a third of consumers
Traders work on the floor of the New York Stock Exchange Bryan R. Smith | AFP | Getty Images Wall Street’s summer swoon likely isn’t over yet. Several chart analysts are pointing out that while the market has dropped sharply over the the past few days, it still has a long way to go before
CNBC’s Jim Cramer said he was “aghast” at the huge swing between the sharp decline in stock futures Monday evening and the strong Wall Street open Tuesday. The “Mad Money ” host blasted “pajama traders,” the term he coined for those who buy and sell futures contracts, often based on computer algorithms, during market off-hours.
The Ford Motor Co. Mustang Shelby GT500 vehicle is displayed during the 2019 North American International Auto Show (NAIAS) in Detroit, Michigan,. Daniel Acker | Bloomberg | Getty Images Morgan Stanley raised its rating of Ford’s stock to overweight from equal weight on Tuesday, citing a “significant increase” in estimates for Ford earnings over the
Kyle Bass Mark Neuling | CNBC Hedge fund manager and Hayman Capital Management founder Kyle Bass said on Monday that without state support, China’s currency would plunge. “What’s happening in China is they have to have dollars to sell to buy their own currency to hold it up. If they were to ever free float
A cyclist passes the Federal Reserve headquarters in Washington. Kevin Lamarque | Reuters The U.S. Federal Reserve announced on Monday it planned to develop its own round-the-clock real-time payments and settlement service, with an expected launch in 2023 or 2024. In a statement, the U.S. central bank said it was seeking public comment on the