Big Banks Predict Recession, Fed Pivot in 2023

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Ferrari outshines EV makers like Tesla

The Ferrari SP38 seen at Goodwood Festival of Speed 2022 on June 23rd in Chichester, England. Martyn Lucy | Getty Images This year wasn’t about which auto manufacturer stock performed the best. ...

A reckoning is upon us. Here’s what to expect

Partygoers with unicorn masks at the Hometown Hangover Cure party in Austin, Texas. Harriet Taylor | CNBC Bill Harris, the former PayPal CEO and veteran entrepreneur, strode onto a Las Vegas stage in ...

Jim Cramer says these 7 stocks will be winners in 2023

CNBC’s Jim Cramer on Tuesday gave investors a list of stocks that he believes will perform well next year. Here is his list. Eli Lilly Humana Johnson & Johnson Caterpillar Deere TJX Companie...

Jim Cramer says he likes these 3 financial stocks for 2023

CNBC’s Jim Cramer on Tuesday named three financial stocks he believes are worth buying. Stocks closed higher on Tuesday, snapping a four-day losing streak that had been driven in part by Wall St...

Is Retail In Recession – Or Are We Coming Out Of It?

Road sign with the words “Recession next exit” featured. getty The New York TimesNYT published on Friday that retail sales fell in November despite Black Friday deals. That means that we a...

Recession Threatens Europe’s Auto Makers But Hopes For A Mild Downturn Revive

Digital generated image of financial line charts falling down because of coronavirus COVID-19 on … [+] blue background. getty Who’d be a shareholder in a European automotive manufacturer? It’s n...

Bank of America stock plunges, leading selloff in shares of largest U.S. banks

Shares of many of America’s largest banks are falling sharply this week after a period of outperformance that saw Goldman Sachs Group GS, -2.32% claw back practically all of its losses from earlier in...

Bank of America CEO Brian Moynihan on how he plans to trim its workforce

Brian Moynihan, chief executive officer of Bank of America Corp., speaks during a Bloomberg Television interview at the Goldman Sachs Financial Services Conference in New York, on Tuesday, Dec. 6, 202...

What to watch for as J&J gets ready to spin off its consumer unit

Johnson & Johnson (JNJ) is preparing next year to spin off its consumer health unit into a publicly traded company separate from its pharmaceutical and medical technology operations. Ahead of the ...

Morgan Stanley cut about 2% of staff Tuesday, sources say

James Gorman, chief executive officer of Morgan Stanley, speaks during a Bloomberg Television interview on day three of the World Economic Forum (WEF) in Davos, Switzerland, on Thursday, Jan. 24, 2019...

Holiday Air Travel Is Changing As More People Are Working Remotely

Traveling by air at holiday times has typically been associated with peaks and valleys.Over the past … [+] years, and proving more true in 2022, travelers are spreading out traditional holiday t...

Tesla, VF Corp, Marriott, MGM and more

A general view shows the Tesla logo on the Gigafactory in Gruenheide near Berlin, Germany, August 30, 2022. Annegret Hilse | Reuters Check out the companies making headlines in midday trading. Tesla –...

Goldman Sachs bonus pool shrinks

David Solomon, chief executive officer of Goldman Sachs, speaks during the Milken Institute Global Conference in Beverly Hills, April 29, 2019. Patrick T. Fallon | Bloomberg | Getty Images Goldman Sac...

I like Morgan Stanley over SoFi Technologies

Morgan Stanley: “That’s the kind of stock that we like here. … We are in real companies that make real things, return real capital and Morgan Stanley is one of those.” Intuitiv...

Citigroup faulted by U.S. banking regulators for poor data management in ‘living will’ review

CEO of Citigroup Jane Fraser testifies during a hearing before the House Committee on Financial Services at Rayburn House Office Building on Capitol Hill on September 21, 2022 in Washington, DC. Alex ...

The Stock Market Is on a Tear. It’s Almost Time to Sell the Rally.

The stock market has seen a major rally recently. Another move lower looks likely.  The S&P 500 closed Tuesday about 12% above its lowest close of the year, 3577, hit in early October. The main dr...

Walgreens, Coinbase, Duolingo, Ralph Lauren

A Walgreens store is seen on August 07, 2019 in Miami, Florida. Joe Raedle | Getty Images Check out the companies making headlines in midday trading. Doximity — The online platform for medical profess...

Six Flags, Rivian, Bumble, Coinbase, Dutch Bros and more

Travis Boersma, Dutch Bros Coffee at the NYSE, September 15, 2021. Source: NYSE Check out the companies making headlines in midday trading Thursday. Coinbase – The cryptocurrency exchange was up 9.6% ...

Wall Street layoffs pick up steam as Citigroup and Barclays cut hundreds of workers

A trader, center, wears a Citigroup jacket while working on the floor of the New York Stock Exchange (NYSE) in New York. Michael Nagle | Bloomberg | Getty Images Global investment banks Citigroup and ...

Lyft, Tripadvisor, Take-Two Interactive and more

Check out the companies making headlines in midday trading. Lyft — Shares of Lyft plummeted 21% after the company’s earnings report showed mixed results in the last quarter. The rideshare compan...

Carvana stock tanks in continued sell-off

A Carvana used car “vending machine” on May 11, 2022 in Miami, Florida. Joe Raedle | Getty Images Shares of Carvana plummeted for a second-consecutive trading day as investors unloaded sha...

With the Dow outperforming, here’s how investors can harness the index

Photo taken on March 1, 2022 shows monitors displaying stock market information at the New York Stock Exchange in New York, the United States. U.S. stocks fell sharply on Tuesday as investors nervousl...

Upgrade offers 3.5% APY as deposits battle heats up

Upgrade CEO Renaud Laplanche speaks at a conference in Brooklyn, New York, in 2018. Alex Flynn | Bloomberg via Getty Images Credit-card startup Upgrade is releasing a new savings account with what it ...

Microsoft And Alphabet’s $250 Billion Stock Plunge Fuels Fears Of Earnings Recession

Topline Shares of Microsoft and Alphabet extended losses Wednesday morning after the technology giants slashed earnings forecasts for the rest of this year as a result of the increasingly murky econom...

China Stocks Plunge In U.S. On Concerns Policy Will Turn Left After Communist Congress

Richard Liu Qiangdong, founder and chairman of JD.com, at the Nasdaq MarketSite in New York in … [+] 2014. Michael Nagle/Bloomberg Shares in Chinese companies traded in the U.S. plunged in trade...

JPMorgan president Daniel Pinto says a recession is likely and markets may fall further as the Fed raises rates

Daniel Pinto, co-president and chief operating officer of JPMorgan Chase & Co., speaks during the Institute of International Finance (IIF) annual membership meeting in Washington, D.C., Oct. 18, 2...

Stocks rally, Club names, DHR

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. Stocks rally Earnings move ...

Goldman CEO Frustrated by Stock Price, Says Most Staff in Office Every Day

Goldman Sachs Group CEO David Solomon expressed some frustration with the valuation of the company’s stock, noting that it generally has traded a premium to book value since its IPO in 1999. “Would I ...

Banks as leaders, 3 trades, keeping CRM

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. We like the banks here We&...

GS (Goldman Sachs) earnings 3Q 2022

David Solomon, chief executive officer of Goldman Sachs & Co., speaks during a Bloomberg Television interview at the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monda...

Sell into strength, still bullish on Apple, TJX best

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. Sell into any strength Stil...