After a mixed earnings report from Goldman Sachs sparked a debate among Wall Street’s bulls and bears, CNBC’s Jim Cramer offered a piece of advice to the bank’s well-known CEO. “Whenever Goldman’s results hit an air pocket, it always finds a new way to make money. My suggestion to CEO Lloyd Blankfein? Let’s accept that […]
Read moreWhen a company like Amazon raises the prices for its service and nobody cares, CNBC’s Jim Cramer sees a clear next move. “When you see something like that, it’s about as clear a buy signal as you are ever, ever, ever going to get,” the “Mad Money” host said on Friday after Amazon upped the […]
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Even with a government shutdown looming, CNBC’s Jim Cramer expected good things for the next leg of earnings season. “Earnings season is upon us and it is always a guessing game, but this time around the rules have changed,” the “Mad Money” host said. “Rather than worrying about whether companies will beat or miss their […]
Read moreAmazon has hired a top Seattle doctor in its latest push into health care, according to two people familiar with the matter. Martin Levine of Iora Health, which focuses on Medicare patients in six U.S. markets, is one of Amazon’s most high-profile hires to date in health. It’s not yet certain what Levine’s role at […]
Read moreTo solve its “fake news” problem, Facebook is asking its users to complete surveys on what they determine is “high quality” news content. CEO Mark Zuckerberg said on a post on his Facebook page Friday that the company will ask users if they are familiar with a specific news source — and whether they trusted […]
Read moreA serious payment glitch on retail website Overstock.com, which sells everything from furniture to diamond rings, allowed customers to pay with either bitcoin or bitcoin cash interchangeably. It’s a problem because the two cryptocurrencies, which split off from one another last August, have wildly different valuations. According to CoinMarketCap, one bitcoin is currently worth $13,880, […]
Read moreJeffrey Robinson, best-selling author of a scathing bitcoin take-down, told CNBC on Friday that he believes buying bitcoin is gambling not investing. “It’s a bubble,” Robinson said on “Squawk Alley.” “It’s a loaded roulette wheel. You’re better off in Vegas. The food is better.” In his 2014 book “BitCon,” he called bitcoin “pretend currency,” and […]
Read moreThe U.S. stock market will likely run higher for another 11 years, according to Tom Lee, a widely followed Wall Street market strategist. “Both [Fundstrat technical strategist Rob Sluymer and I] think it’s more like 2029 is the peak of this equity market cycle and then, the S&P is 6,000 to 15,000,” said Lee, head […]
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Investors tend to disregard the threat of government shutdowns, but there’s one reason this time around that they might want to pay attention. True, a shutdown likely would have little effect on corporate earnings and long-term economic growth or the things that should matter most to investors with a horizon that goes beyond that of […]
Read moreValueAct Capital, the $15 billion activist firm led by Jeff Ubben, is launching a fund focused on promoting environmental and social goals for the companies it invests in. In a letter to ValueAct’s limited partners, Ubben outlines a new effort for his firm built on the premise “that there is not just a societal good […]
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