Investing

Jonathan Nicholson | NurPhoto | Getty Images Shares of Western Union fell Tuesday as excitement around the potential of sending money internationally without fees with Facebook’s new cryptocurrency took a bite out of the money exchanging company. Western Union was one of the the worst performing stocks on the S&P 500 index, falling 1.7%. Facebook
0 Comments
Facebook CEO Mark Zuckerberg Marlene Awaad | Bloomberg | Getty Images Wall Street analysts reacted with great fanfare after Facebook finally revealed the details of its long awaited cryptocurrency, Project Libra, on Tuesday. Most analysts believe the crypto project will give the company a major boost and continue pushing Facebook to further greatness. The social
0 Comments
Traders work on the floor of the New York Stock Exchange (NYSE). Michael Nagle | Bloomberg | Getty Images The Federal Reserve is expected to cut interest rates multiple times this year, but the economic backdrop driving those cuts could have vastly different implications for the stock market, history shows. And unfortunately for stock investors
0 Comments
Broadcom CEO Hock Tan is paying the price for misjudging President Donald Trump‘s resolve to “bring the Chinese to their knees,” CNBC’s Jim Cramer said Friday. Trump feels he has to “sacrifice Broadcom on the alter of Huawei” to humble China in trade negotiations, Cramer argued. Last year, Broadcom received about $900 million in revenue
0 Comments
Options traders are flooding into the Magic Kingdom after a bullish call from Morgan Stanley forecasting blockbuster profits from upcoming streaming service Disney+. The note predicts that Disney‘s over-the-top service will boast 130 million or so subscribers by 2024. That would represent prolific year-over-year growth for a streaming platform chasing the current leader, Netflix, which
0 Comments
Facebook’s founder and CEO Mark Zuckerberg speaks to participants during the Viva Technologie show at Parc des Expositions Porte de Versailles on May 24, 2018 in Paris, France. Chesnot | Getty Images RBC Capital Markets believes that Facebook has a “crypto opportunity,” explaining in a note to investors the firm’s high expectation for the tech giant’s coming
0 Comments
Howard Marks, Co-Chairman, Oaktree Capital. David A. Grogan | CNBC Billionaire investor and Oaktree Capital Management Co-Chairman Howard Marks is worried to hear investors say “this time it’s different” or openly wonder if the historic bull market and economic success “can only get better forever.”  In a 12-page letter sent to Oaktree clients on Wednesday,
0 Comments
Since last decade, NASA has turned repeatedly to Colorado companies to produce the technology it needs to not only send astronauts on new lunar missions but also to Mars and into the depths of space. Above, the International Space Station. NASA | Getty Images National Aeronautics and Space Administration is opening the International Space Station
0 Comments
May’s overall job growth disappointed, but there were pockets of strength with strong hiring in the health care, computer and digital design and food service industries. The Labor Department’s Friday report on the employment situation also showed a decline in retail positions while manufacturing continued to added to a string of lackluster prints. CNBC studied
0 Comments