Sometimes, no movement is good movement. In the case of the government shutdown, money manager Larry Glazer believes it’s favorable for Wall Street — at least in the short term. His reasoning: It prevents lawmakers from passing policies that could be detrimental to corporate America. “Investors like less Washington, and they realize Washington isn’t always
It’s been two years since Donald Trump was inaugurated as president of the United States. In that time, defense and tech stocks, have blown everybody out of the water. The iShares U.S. Aerospace & Defense (ITA) exchange-traded fund has surged more than 30 percent since Jan. 19, 2017. The S&P 500 tech, meanwhile, has spiked
Even with the U.S.-China trade war still raging, Chinese stocks are on fire. Increasing trade tensions between the U.S. and China through the back-half of 2018 took a sledgehammer to Chinese shares. Baidu ended the year with a 32 percent loss, while Tencent was down 23 percent, and Alibaba dropped 21 percent. However, the FXI
What’s your net worth? Even if you don’t fly on private jets or play polo, this simple equation is an important tool that says a lot about your financial health. Still, most people don’t bother to calculate it. That’s a mistake. “It’s the first snapshot into an overall look at your finances,” said Michael LaRiviere,
Former Vanguard Group Chairman and CEO F. William McNabb told CNBC that his first meeting with Jack Bogle, and the one that made a lasting impression on him, was his interview for a product manager position at the fund company in 1986. Bogle, the founder of Vanguard who is credited with revolutionizing the investment business,
I remember it as if it were yesterday. It was the middle of November 2000. Thanksgiving was still a week in the distance but seemingly closer as the enthusiasm for the long weekend began to build, a waystation into a final push to year-end. I dreaded that time of year because, for me and the
In his last book, “Stay the Course,” Jack Bogle left investors and professionals a warning about a coming battle in investment management. He had been watching closely over the past few years as a growing number of academics raised questions about the size of big passive fund managers, such as Vanguard, BlackRock and State Street
Disney isn’t launching its new streaming service until later this year, but investors are already learning the economic challenges of the business. The media company said in a filing on Friday that its investment in Hulu was the primary contributor to a $580 million loss in equity investments in the fiscal year that ended Sept.
The next wave of earnings reports is so busy and pivotal that it could very well drive investors “crazy,” says CNBC’s Jim Cramer. But the longtime investing guru isn’t just worried about the many earnings reports coming down the pike. “I can’t recall a time when the forecast will be more important, certainly much more
Tesla shares took a big hit to end the week after CEO Elon Musk announced that the company would cut 7 percent of its workforce in order to cut costs as the company prepares to ramp up production and boost margins as they get closer to releasing the long-awaited $35,000 version of the Model 3.
Job cuts at Tesla is not quite the bad news investors are interpreting it to be, analysts at Jefferies and Oppenheimer said on Friday. “Reducing headcount also suggests productivity gains,” Jefferies analyst Philippe Houchois. “This is, in our view, consistent with slower growth rates but mostly the scope to improve productivity and flow that we
The stock market’s positive response to a report that U.S. officials were considering lifting tariffs on China to get a trade deal was telling, but it wasn’t necessarily good, CNBC’s Jim Cramer said Thursday. “Stocks that had been crushed on Chinese worries roared higher like this arrangement was already a done deal” despite the report
Expect economic data and earnings reports to be softer for much of the year as growth in the economy slows to under 2 percent in 2019, Leuthold Group’s Jim Paulsen told CNBC Thursday. “We’re going to have a fairly significant slowdown in the economy, in earnings, in attitudes and everything,” Paulsen said on “Power Lunch.”
Snap stock has all but given up the ghost. The social network was worth $31 billion after its public debut in March 2017. Now it’s less than $8 billion. The stock took another tumble Wednesday, dropping 13 percent in its worst performance since May, after the hasty exit of Chief Financial Officer Tim Stone just
Jack Bogle was sure of his pioneering market invention, but he always had misgivings about what it had become. Bogle, who died Wednesday the age of 89, devised the index fund in 1975 as a way for retail investors to be able to compete with the pros. Rather than bunch a group of stocks into
If you want to keep your child from graduating with insurmountable debt, put down the glossy college brochures and break out your calculators. More than 6 out of 10 students polled by College Ave Student Loans said they feel they have a good understanding of the different types of loans and payments available. Yet nearly
Bank of America, U.S. Bancorp, Charles Schwab, BlackRock and Goldman Sachs are the latest financials stocks to report earnings Wednesday. Those companies join major banks including JPMorgan, Wells Fargo and Citibank which have reported in recent days in what is the busiest week of the earnings season for the banking industry. Earnings beat or miss,
Macy’s weaker-than-expected holiday sales results seems to be more of a Macy’s problem than a retail industry problem, CNBC’s Jim Cramer said Tuesday. Shares of the old-line department store operator saw their worst trading day ever after Macy’s reported lower holiday sales for the end of 2018 and slashed its earnings outlook for the year.