CNBC - Investing

Chime is now worth $14.5 billion, surging past Robinhood as the most valuable US consumer fintech

Fri, 18 Sep 2020 14:12:33 GMT

That lofty valuation makes Chime the most valuable American fintech start-up serving retail consumers.

Stock picking has a terrible track record and it’s getting worse

Fri, 18 Sep 2020 13:33:28 GMT

The vast majority of active managers underperform their risk-adjusted benchmarks. How come so few fund managers beat the market?

Cramer: Oracle and Walmart need to work harder to please Trump on TikTok deal

Fri, 18 Sep 2020 13:19:44 GMT

President Donald Trump "is the guy doing this. It's not any of his advisors. It's the president, and so nobody knows what's really going to happen," CNBC's Jim Cramer said.

Shares of furniture retailer Herman Miller soar 35% as home office sales surge

Thu, 17 Sep 2020 18:05:58 GMT

Herman Miller reported fiscal first quarter earnings per share of $1.24, blowing past the earnings of 26 cents per share expected by Wall Street, according to Refinitiv.

Snowflake's first-day pop means IPO left $3.8 billion on the table, the most in 12 years

Thu, 17 Sep 2020 17:07:56 GMT

Critics of the IPO process say that's capital that could have otherwise been invested by Snowflake in the business.

Op-ed: What matters for cannabis investors heading into the November elections

Thu, 17 Sep 2020 15:51:58 GMT

Markets often reward those who sit at the table early for major secular investment themes like cannabis.

Cramer to investors: If Congress approves a stimulus bill, 'you can't be out of this market'

Thu, 17 Sep 2020 14:52:09 GMT

"If we get a stimulus package and you're out of the market, you will feel awful," CNBC's Jim Cramer said on Thursday.

Snowflake buyers beware. IPOs that doubled have poor track record after that debut

Thu, 17 Sep 2020 11:29:14 GMT

There's been plenty of companies that have had first day pops bigger than Snowflake this year.

Warren Buffett's Berkshire Hathaway just made a fast $1 billion on Snowflake's surging IPO

Wed, 16 Sep 2020 17:07:31 GMT

Warren Buffett's Berkshire Hathaway just made $960 million off of Snowflake's market debut, despite the legendary investor's typical aversion to IPOs.

Activist ValueAct played a key role in speeding up Citigroup CEO's retirement, sources say

Wed, 16 Sep 2020 15:45:55 GMT

Details of the pressure the New York-based bank faced from its activist investor hadn't been reported until now. The lessons from this episode will likely inform how Corbat's successor interacts with the bank's large investors.

Market value of big fintech companies rises to $1 trillion, more than the largest banks

Wed, 16 Sep 2020 12:00:56 GMT

The market caps of payment stocks like Visa and MasterCard have eclipsed the value of the biggest banks, even as their balance sheets remain significantly smaller in comparison.

This will be the biggest year ever for software IPOs as coronavirus and work-from-home show value

Wed, 16 Sep 2020 11:12:43 GMT

Counting the four IPOs this week, software IPOs will have raised roughly $7.8 billion year to date.

DraftKings surges after announcing ESPN deal

Mon, 14 Sep 2020 17:21:46 GMT

Shares of DraftKings jumped after the company announced a partnership with ESPN.

Wall Street Democrat hopes Biden beats Trump, but says a Biden win would initially hurt stocks

Mon, 14 Sep 2020 15:09:34 GMT

However, investor Michael Novogratz said Monday that a Biden presidency may "actually start balancing out the disproportionate gains" made in stocks, and in the long run, "markets will be stronger."

Goldman Sachs is taking what it learned from a $100 million acquisition to upgrade the Marcus app

Mon, 14 Sep 2020 12:57:26 GMT

The Marcus app, which started out early this year as a very basic way to check balances and schedule payments, is about to get more capabilities.

Wall Street’s top analysts are recommending stocks like Uber and Lovesac amid market volatility

Sun, 13 Sep 2020 10:52:57 GMT

CNBC used TipRanks analyst ranking service to pinpoint Wall Street's best-performing stocks, like Uber and Lovesac.

Microsoft wants to take on Amazon in connecting satellites to the cloud

Fri, 11 Sep 2020 20:05:08 GMT

Microsoft is looking to compete with Amazon with a service that connects satellites directly to a cloud computing network.

JPMorgan creates new team to trade shares of pre-IPO giants including SpaceX, Robinhood and Airbnb

Fri, 11 Sep 2020 15:57:12 GMT

More than a decade ago, it was much more common for companies to go public earlier in their development, allowing investors to participate in the rise of winners like Amazon and Google.