Hari Moorthy, Goldman Sachs global head of transaction banking. Source: Goldman Sachs Goldman Sachs wants to help any company in the world become a bank. The firm has just released software that allows clients to embed banking services into their own products as part of a push to break into the $32 billion a year
Month: October 2020
A contractor works on a house under construction at a KB Home development in Gibsonton, Florida. Luke Sharrett | Bloomberg | Getty Images Property data and analytics firm CoreLogic has received multiple potential takeover bids that value the company at north of $80 a share, sources tell CNBC’s David Faber. The multiple parties interested in
CNBC’s Jim Cramer said he sees positives for investors after steep market declines Wednesday as Wall Street grew further concerned about the coronavirus pandemic. “I recognize the carnage, but I do think the carnage is reversible,” Cramer said Wednesday on “Closing Bell,” after the Dow Jones Industrial Average gave up 943 points, or 3.4%, in
CNBC’s Jim Cramer said Wednesday that a lack of coronavirus stimulus is making it difficult for investors to buy stocks as the Covid-19 outbreak in the United States worsens. “It’s very hard to buy a lot of stocks when you see these numbers,” Cramer said on “Squawk Box,” as U.S. equities were headed to steep
Dividends and buybacks are bouncing back. At the end of the first quarter, there was tremendous concern that the levels of dividends and buybacks would be cut dramatically. There have been cutbacks, but there’s good news amid the bad. The good and bad news on dividends For lovers of dividends, the end of the first quarter
Take a look at some of the biggest movers in the premarket: Boeing (BA) – Boeing lost $1.39 per share for the third quarter, smaller than the loss of $2.52 anticipated by Wall Street. Revenue was also above estimates. Boeing said it was targeting a workforce of 130,000 by the end of 2021, which is
An employee of Tupperware Brands Corporation is at work on the production line at the group’s plant in Joue-les-Tours, centre France, on the day of its 40th anniversary. AFP PHOTO / JEAN-FRANCOIS MONIER (Photo credit should read JEAN-FRANCOIS MONIER/AFP/Getty Images) Jean-Francois Monier | AFP | Getty Images Check out the companies making headlines in midday
Here are the stocks making headlines in extended trading: Pinterest — The social media stock soared 30% after reporting 49% revenue growth in the third quarter. The company reported 13 cents adjusted earnings per share and $443 million of revenue. Analysts surveyed by Refinitiv were looking for 3 cents in earnings per share and $383.5
The stock market is selling off hard on rising virus cases and election uncertainty, and it faces another big test Thursday when Big Tech favorites report earnings. “I think it may be we’re beginning to see a sea change about tech valuations,” said Peter Boockvar, chief investment strategist at Bleakley Advisory Group. He noted that
Up until three weeks ago, cloud computing company Fastly (NYSE:FSLY) had been a 2020 success story. The novel coronavirus pandemic has resulted in many people working from home, and schools are offering online learning. Between work, school, online shopping, gaming and staying in touch with social media, everyone is spending more time online. That’s good news
When rock star stocks fall, they tend to fall hard. Such is the case with DraftKings (NASDAQ:DKNG). In the last 30 days, DKNG stock corrected around 30%. Under normal circumstances, this would be a complete disaster but in this case it is but a small setback. Source: Lori Butcher/Shutterstock.com Even after this drubbing, it is
Shopify (NYSE:SHOP) has been a fascinating holding this year. At first, shares were caught up in the beatdown that seemingly every other stock suffered from in the first quarter. But then something happened, and it resulted in Shopify stock exploding higher. Source: justplay1412 / Shutterstock.com The stock rallied 250% from its March lows to its
DraftKings (NASDAQ:DKNG) stock has been one of the hottest stocks all year long, as it has becoming increasingly clear to Mr. Market that the gambling and sports betting industry will increasingly shift online over the next decade. Source: Lori Butcher / Shutterstock.com DraftKings — as the largest player in the online sports betting and Daily
Income investors take note. These are the some of the best cheap stocks out there right now — and they pay substantial dividends, too. Of course, there are plenty of stocks available at comparatively cheap prices. But for people looking to receive steady income from their holdings, stocks that pay high dividend yields are the
Within the equity portfolio, it’s important to remain diversified across aggressive stocks (high beta stocks) and safe stocks. In general, defensive or safe stocks are from mature industries. Companies therefore have robust cash flows, an attractive dividend yield and stability in earnings. These stocks provide regular cash flows through dividends and also help in capital
Here is something you probably didn’t know. Not only is Albertsons (NYSE:ACI) a recently public company, but it is also the second-largest U.S. grocery retailer, now that it owns Safeway. Albertsons stock had its IPO on June 26 at $16 per share. Source: Ken Wolter / Shutterstock.com So far the stock is down 7%, but
No, this isn’t 1995. Yet Eastman Kodak (NYSE:KODK) has become somewhat relevant once again. However, Kodak stock isn’t in the news as a camera company or in cloud-management for photos. Instead, it’s for its role against the novel coronavirus. Source: Katherine Welles / Shutterstock.com It makes very little sense, right? Long story short, Kodak stock
Just as the world resumed life after past pandemics, things will eventually go back to normal. The novel coronavirus will fade into history. As that transition occurs, many companies that are currently benefiting from the work-from-home trend will start to lose revenue. Investors will become much less enchanted by these work-from-home stocks. And with multiple
Palantir’s (NYSE:PLTR) connections with President Donald Trump and the likely antagonism towards the company by Democrats make PLTR stock quite risky ahead of the U.S. elections. Source: Sundry Photography / Shutterstock.com More specifically, Palantir is likely to be hurt down the road if Democrat Joe Biden beats Trump. That’s largely because Palantir was founded by
We’ve been here before with Hertz (NYSE:HTZ). Hertz stock has soared, and at least some investors see upside. Source: aureliefrance / Shutterstock.com But do you remember the past rallies in the stock? They’ve all fizzled. Notably, the company traded under $1 after it declared bankruptcy in May. Then by June, the stock was above $5.
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