Breaking News: Markets
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Goldman Sachs forecasts a jobs boom, says unemployment rate could fall to 4.1% by the end of 2021
Unemployment could fall this year to close to where it was prior to the Covid-19 pandemic, according to a Goldman…
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Activist Spotlight: What’s behind the campaign to force changes at Kohl’s
A view outside a Kohl’s store in Miramar, Florida. Johnny Louis | Getty Images Company: Kohl’s Corp (KSS) Kohl’s operates…
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Here’s where the jobs are — in one chart
The number of jobs added to U.S. payrolls in February blew past expectations thanks to a sharp rebound in restaurant…
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Job growth surges in February on hiring jump in restaurants and bars
Hiring surged in February as the U.S. economic activity picked up amid a progressive drop in Covid-19 cases and vaccines…
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Why this rate-driven sell-off is hitting tech stocks hardest
A Model X is on display at a Tesla showroom on February 13, 2021 in Beijing, China. VCG | Visual…
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Melvin Capital posts return of more than 20% in February, sources say
Gabe Plotkin, chief investment officer and portfolio manager of Melvin Capital Management LP, speaks during the Sohn Investment Conference in…
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Exxon CEO Darren Woods promises investors a strong dividend despite 2020 losses
Exxon CEO Darren Woods emphasized the oil giant’s commitment to its dividend after the company lost more than $20 billion…
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Weekly jobless claims rise less than expected despite weather impact
Weekly jobless claims edged higher last week but rose less than expected for an economy struggling to shake off impacts…
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‘Buzz’ ETF tracking social media sentiment launches Thursday amid Reddit manias in stocks
The logos of Google, Facebook, Instagram, Twitter, Snapchat and TikTok displayed on a computer screen. Denis Charlet | AFP via…
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Shares of Rocket Companies are dropping after a 70% irrational pop in the heavily shorted name
A Reddit logo seen displayed on a smartphone with stock market prices in the background. Omar Marques | LightRocket |…
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Private payrolls growth well short of expectations for February, ADP says
A cashier handles money in Macy’s Herald Square in New York. Andrew Kelly | Reuters Private payroll growth disappointed in…
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Shares of Rocket Companies, a large short target of hedge funds, jump more than 20%
Shares of Rocket Companies rallied more than 20% Tuesday in a surprising move on no apparent new news. The online…
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New York attorney general warns cryptocurrency industry: ‘Play by the rules or we will shut you down’
A visual representation of digital currencies. Yuriko Nakao | Getty Images New York Attorney General Letitia James sent a blistering…
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‘There is no alternative’ — Stocks’ long-running ‘TINA’ advantage could be ending, worrying traders
The New York Stock Exchange (NYSE) stands in the Financial District in Manhattan on January 28, 2021 in New York…
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Buffett is buying back more Berkshire stock this year after record $25 billion repurchase in 2020
Warren Buffett during an interview with CNBC’s Becky Quick on February 24, 2020. It turned out to be another year…
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Robinhood is still on track for a hot IPO despite the GameStop uproar
Omar Marques | LightRocket | Getty Images Robinhood’s user growth, brand recognition and valuation appear to be stronger than ever…
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Stocks just got some new competition from bonds as 10-year rate tops dividend yield
Bonds have been shunned by many investors as rock-bottom rates made them unattractive relative to equities. On Thursday, the bond…
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Why stock investors are starting to really worry about rising bond yields
Federal Reserve Chairman Jerome Powell testifies before the Senate Banking Committee hearing on “The Quarterly CARES Act Report to Congress”…
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Robinhood offers blistering retort to ‘elitist’ criticisms from Munger
Robinhood fired back at Berkshire Hathaway Vice Chairman Charlie Munger, who earlier this week said the free trading app was…
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Coinbase files for direct listing after revenue more than doubles in 2020
Coinbase co-founder and CEO Brian Armstrong speaking at TechCrunch Disrupt SF 2018. Steve Jennings | Getty Images for TechCrunch Cryptocurrency…
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Jobless claims show sharp drop last week though labor market remains challenged
Jobless claims fell sharply last week despite brutal winter storms that swept across Texas and other parts of the South,…
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Citadel’s Ken Griffin defends controversial Wall Street practice, says firm would adapt if it were outlawed
During Thursday’s GameStop hearing, Citadel Securities’ Ken Griffin defended a controversial method brokerages use to make money, and said his…
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Citadel billionaire Ken Griffin defends Melvin stake against ‘an insane conspiracy theory’
Ken Griffin, the billionaire CEO of hedge fund Citadel, defended his $2 billion investment in short seller Gabe Plotkin’s Melvin…
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GameStop shares soar more than 100% amid executive shuffle
A GameStop store is pictured in New York, January 29, 2021. Carlo AllegriI | Reuters Shares of GameStop surged more…
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Wall Street clearing firm proposes 1-day trade settlement after Robinhood controversy
Pavlo Gonchar | LightRocket | Getty Images The firm that provides clearing and settlement services for brokers proposed shortening the…
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‘Flat out false’ — Ken Griffin says Citadel doesn’t use personal information from retail investors
Citadel CEO Ken Griffin dismissed as “flat out false” the accusation that his firm improperly uses information it garners from…
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How Carl Icahn could create value with this health company, which has many valuable businesses
Carl Icahn at the 6th annual CNBC Institutional Investor Delivering Alpha Conference on September 13, 2016. Heidi Gutman | CNBC…
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JPMorgan invests in private stock trading venue with Palantir link amid demand for pre-IPO shares
Zanbato Mountain View Office Source: Zanbato JPMorgan Chase is taking a stake in a private stock trading platform with links…
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Workhorse Group drops nearly 50% after EV company is passed over for USPS contract
Workhorse W-15 Electric Pickup Truck. Source: Workhorse Shares of Workhorse Group dropped more than 50% at one point on Tuesday…
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Cathie Wood’s funds take big hits as Tesla and the tech trade show signs of unwinding
Cathy Wood Crystal Mercedes | CNBC Some called it the “Cathie Wood sell-off.” At the open Tuesday, the top names…
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Fed Chair Powell says rates will stay low for a while, citing bleak jobs picture
Federal Reserve Chairman Jerome Powell on Wednesday painted a dour picture on the state of U.S. employment, saying continued aggressive…
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Biden gets 62% approval in CNBC economic survey, topping first ratings of the last four presidents
President Joe Biden is on the best presidential honeymoon going back at least to Bill Clinton in 1993. A special…
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Powell says inflation is still ‘soft’ and the Fed is committed to current policy stance
Inflation and employment remain well below the Federal Reserve’s goals, meaning easy monetary policy is likely to stay in place,…
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Deficit projected at $2.3 trillion for 2021, not counting additional stimulus, CBO says
The federal budget deficit is projected to total $2.3 trillion in the 2021 fiscal year, a drop from last year…
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Fed’s Harker says inflation won’t be posing a threat anytime soon
Philadelphia Federal Reserve President Patrick Harker said Thursday that the central bank won’t have to worry about inflation getting in…
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Fed’s Bullard doesn’t see asset bubble and doubts policy will tighten soon
St. Louis Federal Reserve president James Bullard said Tuesday that he doesn’t see a bubble in asset prices and doubts…
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Hedge funds that hunkered down after GameStop are now missing out on market gains
Pavlo Gonchar | LightRocket | Getty Images Hedge funds are still licking their wounds after a retail trading frenzy forced…
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Retail sales burst higher in January as consumers use stimulus checks to spend heavily
Consumers flocked to spend their stimulus checks in January, sending retail sales for the month up 5.3% in a blockbuster…
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Jobless claims show unexpected move higher
First-time filings for unemployment insurance jumped last week in a sign of continuing strife for the labor market. New claims…
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Treasury Secretary Janet Yellen makes push for major stimulus, sees bigger risk in not doing enough
Treasury Secretary Janet Yellen on Thursday said a large stimulus package is still necessary to get the economy back to…
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Top Wall Street analysts say buy stocks like Denny’s and Cloudflare as economy reopens
After experiencing unusually broad market momentum since November, stocks are overdue for a lengthy pause or a correction. Stock picking…
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