Booming Nintendo Switch sales have put video game stocks back on Jim Cramer’s mind, so the CNBC host turned to the charts to see what 2018 could have in store for the gaming names. “There’s a whole generation of people out there who can’t remember a world without Nintendo, and many of them are now […]
Read moreAs stocks fell on Wednesday on a report that China is considering slowing down or even stopping its purchases of U.S. sovereign debt, CNBC’s Jim Cramer gave the bears a warning. “Logically, you can’t be worried about one thing and then suddenly freak out when the opposite happens. It’s totally lacking in rigor, but it […]
Read moreThe problem with bitcoin, “Dean of Valuation” Aswath Damodaran says, is that investors don’t know why they’re paying so much for it. That doesn’t mean it will all end badly for cryptocurrency, as billionaire investor Warren Buffett projected. Buffet made headlines Wednesday for sharing some apocalyptic words about the future of cryptocurrency. “In terms of […]
Read moreBillionaire investor Warren Buffet says cryptocurrencies are headed for trouble. “We’ll never have a position in them,” Buffett, chairman and CEO of Berkshire Hathaway, told CNBC’s “Squawk Box” Wednesday morning. “I can say with almost certainty that they will come to a bad ending.” If those ominous words aren’t enough to stress investors out, earlier […]
Read more
Investors really love Eastman Kodak‘s makeover. One day after the 130-year-old industrial company announced plans for its own cryptocurrency, shares are soaring 72 percent. KodakCoin will roll out after an initial coin offering later this month, Kodak said on Tuesday. Blockchain, the technology underpinning popular digital currencies like bitcoin, is going to be used to […]
Read moreWith 10-year U.S. Treasury yields breaking through 2.5 percent, the question many investors are asking (not for the first time) is whether this is the end of the bull run for fixed income. Fixed-income heavyweights are also wading into the discussion with investors such as Bill Gross suggesting the bond bear market is indeed here. […]
Read moreThere is much more at stake in this earnings season than usual. The great marginal mover of stock prices last year— the hope of tax cuts — has now become a reality. Prices are at historic highs across the board, in most sectors, in all market caps, and not just in the U.S. It is […]
Read moreWarren Buffett believes the corporate tax reform bill is very bullish for stockholders. The tax overhaul, which President Donald Trump signed into law last month, lowers the corporate tax rate to 21 percent from 35 percent. “The tax act is a huge factor in valuation,” he said on CNBC’s “Squawk Box” on Wednesday. “You had […]
Read moreCheck out which companies are making headlines before the bell: Eastman Kodak — The company’s stock soared 75 percent in the premarket after saying it has used blockchain — the underlying technology for popular cryptocurrencies like bitcoin — to create a digital photography platform called KodakCoin. Constellation Brands, Molson Coors — Both beer stocks were […]
Read moreChina, the United States’ biggest buyer of sovereign bonds, could be slowing down or even halting its purchases, according to a report. Bloomberg News reported Wednesday, citing people familiar with the matter, that officials in Beijing have recommended the Chinese government lowers — or even stops — its buying of U.S. sovereign debt. The report […]
Read more