CNBC’s Jim Cramer, who has been warning people for weeks to lock-in some stock profits, advised investors to look for places to possibly buy in the carnage of Monday morning’s sharp market selloff. “We’re down on something that nobody really understands,” said Cramer, playing down the worries about another coronavirus lockdown in Europe. He said

Warren Buffett Gerry Miller | CNBC Warren Buffett, the man who pioneered buy and hold investing, just made quite a fast billion bucks from a type of investment he once mocked. Berkshire Hathaway bought $250 million worth of Snowflake stock at the IPO price and an additional 4.04 million shares from another stockholder at the

An antenna for a satellite ground station Amazon Microsoft is looking to challenge Amazon in offering a service that connects satellites directly to the company’s cloud computing network, according to documents the company filed with the Federal Communications Commission last month The effort shows how the two largest providers of cloud infrastructure — data centers in

Shoppers walking into a Lululemon store Scott Mlyn | CNBC How do investors pick stocks poised to outperform in the current environment? Stocks are tumbling in a tech-led selloff after reaching record highs over the last few weeks. However, even after the pullback, the S&P 500 has still surged almost 19% on a one-year basis.

Elon Musk Jim Watson | AFP | Getty Images Tesla shares slid 9% on Thursday, building on the stock’s recent losses after the company’s largest outside shareholder reduced its position, and after the automaker said it would raise up to $5 billion in a new share offering. With Thursday’s decline, the stock is more than

It’s been a great August, up 6% for the S&P 500, the best August since 1986. But then again, it was a great July. And a great June. May was pretty good, too, and April was downright eye-popping. The Summer Rally (S&P 500 Monthly Returns) April: up 12.7% May: up 4.5% June: up 1.8% July:

Jen-Hsun Huang, chief executive officer of Nvidia Corp., holds up a Titan C CPU and GeForce GTX Titan X graphics card . David Paul Morris | Bloomberg | Getty Images Stocks have delivered very impressive gains recently. Indeed, indexes are circling record levels, boosted by strong second quarter earning reports and reopening optimism. That’s despite

Kevin O’Leary told CNBC on Thursday that he does not believe Democratic presidential nominee Joe Biden would impair the stock market if the former vice president were to defeat President Donald Trump in November.  “I don’t think Biden is going to hurt the markets at all if he gets elected. His hands are tied,” the

DraftKings sank more than 5% in premarket trading Friday after it said its loss for the second quarter widened despite strong revenues and a turnaround in user engagement. The Boston-based gambling company posted a second-quarter loss of $161.4 million, or 55 cents per share, compared to a loss of $28.11 million, or 15 cents per

A worker wearing a protective mask adjusts a torque wrench inside the service area at a Harley-Davidson dealership in Oakland, California, on Thursday, July 16, 2020. David Paul Morris | Bloomberg | Getty Images The dark side of good earnings: Companies are talking about turning “furloughs” into permanent layoffs. You knew this was coming. It’s

Warren Buffett Gerry Miller | CNBC Investors are preparing for a variety of news in Berkshire Hathaway’s second-quarter earnings report this weekend, ranging from the possibility of record overall net income to weaker operating results from the conglomerate’s industrials companies. Wall Street also hopes that Berkshire, which is expected to report per-share earnings of $2.12

The Lordstown Motors Corp. Endurance electric pickup truck is displayed during an unveiling event in Lordstown, Ohio, U.S., on Thursday, June 25, 2020. Matthew Hatcher | Bloomberg | Getty Images Shares of DiamondPeak Holdings, a special purpose acquisition company, jumped 21% on Monday after the company announced that it will merge with electric vehicle company

Warren Buffett, chairman and CEO of Berkshire Hathaway David A. Grogan | CNBC Warren Buffett’s Berkshire Hathaway this week added to his already-enormous stake in Bank of America at a time when the coronavirus pandemic dampens the economic outlook and interest rates hold near record lows. A Securities and Exchange Commission filing showed Buffett’s conglomerate

A smart phone with the icons for the J.P. Morgan apps. Christopher Wong | S3studio | Getty Images JPMorgan Chase is ditching plastic for some of its credit cards.  The Wall Street giant’s commercial cards team is partnering with Bay Area start-up Marqeta to launch digital-only credit cards. The new function will allow JPMorgan corporate cards

CNBC’s Jim Cramer praised Tesla CEO Elon Musk on Thursday for building a company that promises to be much more than just electric vehicles. “This man is selling technology, and he’s talking about fully assisted and then he’s talking about driverless. He’s thinking so much bigger,” Cramer said on “Squawk on the Street.” “He’s a big thinker.

CNBC’s Jim Cramer said Tuesday that the stock market could go higher if more people in the U.S. wore face masks to limit the spread of the coronavirus.  The current strength in equities is concentrated in technology-related stocks and not sectors tied to state economic reopening plans, Cramer said on “Squawk on the Street.”  “Let’s give

The Robinhood investment app is see on a smartphone in this photo illustration on June 24, 2020 in Washington,DC. Jim Watson | AFP | Getty Images Robinhood has postponed the launch of its popular stock-trading app in the U.K. indefinitely. The Menlo Park, California-based fintech firm told people signed up to its U.K. waitlist Tuesday that

CNBC’s Jim Cramer on Monday criticized the United States response to the coronavirus, saying that other nations have been exemplars of how to keep deaths from the disease low. “I’m trying to figure out what kind of disaster that our country has had that’s ever been as bad as this that’s been self-inflicted,” Cramer said

Warren Buffett. Gerald Miller | CNBC An off-brand move to pile into Apple shares might have been Warren Buffett’s greatest trade ever.  Berkshire Hathaway‘s Apple stake — which is now 40% of its equity portfolio — is up a whopping $40 billion since the market bottom in March. The investment in the tech giant played a crucial role

A view of the New York Stock Exchange (NYSE) is seen at Wall Street on June 29, 2020 in New York City. Angela Weiss | AFP | Getty Images Warner Music Group Corp., the label for artists like Ed Sheeran and Cardi B, went public last month with 28 underwriters. More than a third of

A battle heats up between a deep-research investor with a private equity mindset and an underperforming small cap software stock. This is a textbook case of good activism — a company with poor operating history, horrible corporate governance, underperforming stock, overpaid CEO and a large, long-term shareholder with a very friendly and reasonable request with impressive

Wells Fargo is raising the bar for new customers to get a popular mortgage product, CNBC has learned exclusively. The bank is now requiring new clients to bring at least $1 million in balances if they want to refinance a jumbo mortgage, up from a previous level of $250,000, according to people with knowledge of

A pedestrian passes by the New York Stock Exchange, NYSE, in New York on March 17, 2020. (Photo by Michael Nagle/Xinhua via Getty) (Xinhua/Michael Nagle via Getty Images) Xinhua News Agency Companies struggling to get through the coronavirus slashed the amount of money they returned to shareholders through dividends in the second quarter. The net

Charles Zhengyao Lu, chairman and founder of Luckin Coffee, and Jenny Qian Zhiya, chief executive officer of Luckin Coffee, ringing the opening bell during the company’s initial public offering (IPO) at the Nasdaq in New York, on May 17, 2019. Victor J. Blue | Bloomberg | Getty Images The Luckin Coffee fraud scandal was a

Warren Buffett‘s Berkshire Hathaway is finally pulling the trigger. The conglomerate is spending $4 billion to buy the natural gas transmission and storage assets of Dominion Energy. Including the assumption of debt, the deal totals almost $10 billion. It’s the first major purchase from Berkshire since the coronavirus pandemic and subsequent market collapse in March.

An artist’s rendering of a Momentus Vigoride transfer vehicle deploying satellites in orbit. Momentus A space startup offering a “last mile delivery” service for spacecraft is continuing its deal spree this year, becoming an increasingly important player in the growing small satellite market. Momentus, a Santa Clara, California-based company, has so far struck $40 million

The logo of Amazon Web Services (AWS) is seen during the 4th annual America Digital Latin American Congress of Business and Technology in Santiago, Chile, September 5, 2018. Ivan Alvarado | Reuters Amazon Web Services, the cloud-computing branch of the e-commerce giant, is further expanding its services in the growing space industry. The company announced

Nearly all of the largest U.S. banks said Monday that they performed well enough on the Federal Reserve’s most-recent stress test to maintain their current quarterly dividend. Goldman Sachs, Bank of America, Morgan Stanley, JPMorgan Chase and Citigroup all said they will maintain their current dividend. Wells Fargo said the Fed’s assessment of its business

A worker on a Chesapeake Energy natural gas rig in Fort Worth, Texas Matt Nager | Bloomberg | Getty Images Chesapeake Energy, the poster child of the U.S. shale revolution, filed for bankruptcy protection on Sunday. The move comes as the company and industry more broadly has been rocked by a drop in oil and