Hedge fund manager David Tepper has turned somewhat bearish on the stock market, citing uncertainties around interest rates and inflation. “I don’t think it’s a great investment right here,” Tepper said Friday on CNBC’s “Halftime Report.” “I just don’t know how interest rates are going to behave next year… I don’t think there’s any great
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In this article FB DWAC MRNA SNAP Getty Images Check out the companies making headlines in midday trading. Snap – Snap shares plummeted by more than 24% after it reported its quarterly results, which included a revenue miss as well as an earnings beat. The social media company said its advertising business declined due to Apple’s
MoMo Productions | DigitalVision | Getty Images American life expectancy is trending up — and that creates more financial risk for retirees, who must make their nest eggs last a longer time. An average 65-year-old today will live another 20 years, about six years more than in 1950, according to the Centers for Disease Control
In this article DWAC The social media app will be developed by Trump Media and Technology Group (TMTG). Rafael Henrique | LightRocket | Getty Images Digital World Acquisition Corp., the SPAC that is taking former President Donald Trump‘s planned social media platform public, soared again on Friday following a massive rally in the previous session.
[The stream is slated to start at 2 a.m. ET. Please refresh the page if you do not see a player above at that time.] Click on the stream above to watch to CNBC’s Sustainable Future Forum. Friday’s session from Asia focuses on technology and innovation. The fourth industrial revolution is also going to be
A specialist trader works inside a booth on the floor of the New York Stock Exchange (NYSE) in New York City, October 6, 2021. Brendan McDermid | Reuters Stock futures dipped slightly in overnight trading Thursday after the S&P 500 reached new highs. Futures on the Dow Jones Industrial Average shed 15 points. S&P 500
In this article BOWXW 9984.T-JP BOWX More than two years after its failed IPO, WeWork began trading publicly on the New York Stock Exchange on Thursday, with shares up about 4% after merging with a special purpose acquisition company. The office-leasing company scrapped plans for an IPO in 2019 after investors raised concerns over its
[The stream is slated to start at 2 a.m. ET. Please refresh the page if you do not see a player above at that time.] Click on the stream above to watch to CNBC’s Sustainable Future Forum. Thursday’s session from Asia focuses on money and investing. We turn the spotlight on money flows and how
IBM’s logo seen displayed on a smartphone. Rafael Henrique | SOPA Images | LightRocket | Getty Images Check out the companies making headlines after the bell: IBM — The tech company saw its stock dropping more than 5% in extended trading following a revenue miss in the third quarter. its top two business segments —
Paul Tudor Jones Michael Nagle | Bloomberg | Getty Images Billionaire hedge fund manager Paul Tudor Jones believes that inflation is here to stay, posing a major threat to the U.S. markets and economy. “I think to me the number one issue facing Main Street investors is inflation, and it’s pretty clear to me that inflation is
In this article BTC.CM= Casino chips decorated with bitcoin logos. Andrey Rudakov | Bloomberg | Getty Images LONDON — The vast majority of traders under 40 are investing in cryptocurrencies and other “high-risk” assets due to a sense of “competition” with friends and family, according to research published by the U.K. financial services watchdog on
In this article OMC IBKR NFLX UAL Mario Tama | Getty Images News | Getty Images Check out the companies making headlines after the bell: United Airlines — Shares of United added about 2% in after-hours trading following the airline’s better-than-expected financial results as travel rebounded in the third quarter. United posted a loss of
Photo by Mike Kline (notkalvin) | Moment | Getty Images House Democrats proposed a rule to forbid Roth conversions for the wealthy as part of a broad package of tax increases on affluent Americans. But there’s an irony in the proposal, according to tax experts. A Roth conversion is a mechanism that allows taxpayers to
U.S. stock futures were steady in overnight trading Monday as investors geared up for a big day of earnings on Tuesday. Dow futures fell just 30 points. S&P 500 futures fell less than 0.1% and Nasdaq 100 futures were down about 0.05%. On Monday, the S&P 500 and Nasdaq Composite notched their fourth day of
In this article HOOD GME Rafael Henrique | LightRocket | Getty Images The Securities and Exchange Commission said online brokerages, enticed to increase revenue through the controversial industry practice of payment for order flow, are turning stock-trading into a game in order to encourage activity from retail investors. Wall Street’s main regulator on Monday released its
Take a look at some of the biggest movers in the premarket: Zillow (Z) – Zillow slid 6.4% in premarket trading, following a Bloomberg report that the company has temporarily stopped its home-buying service due to overwhelming demand. Revance Therapeutics (RVNC) – Revance shares plunged 33.2% in the premarket after the Food and Drug Administration
[The stream is slated to start at 2 a.m. ET. Please refresh the page if you do not see a player above at that time.] Click on the stream above to watch to CNBC’s Sustainable Future Forum. Monday’s session from Asia focuses on responsibility and regulation. The way in which we achieve a sustainable future
In this article BTC.CM= Bitcoin on display. Chesnot | Getty Images Bitcoin climbed Friday to hit a five-month high, and was inches away from hitting $60,000. The world’s biggest cryptocurrency surged as high as $59,920, notching its highest level since May. 10. But it struggled to break above the $60,000 mark. Bitcoin was last trading
Richmond Federal Reserve President Thomas Barkin said Friday he’s on board with reducing the amount of economic help the central bank is providing as concerns grow about inflation. With the Fed indicating that it’s likely to start pulling back on its monthly bond purchases, Barkin said that seems reasonable and he’s leaning toward beginning the
The Good Brigade | DigitalVision | Getty Images The vast majority of health savings account owners aren’t investing their money — and it’s likely shortchanging them over the long term. Just 9% of accountholders were investing a portion of their HSA balance in 2020, according to an Employee Benefit Research Institute study published Thursday. The