Business

September’s early volatility may be no match for what comes after the presidential election. Wells Fargo Securities’ Michael Schumacher notes volatility is set to jump following the results — not recede. “Normally, you might think that it’s Election Day or Election Day plus one that is super volatile,” the firm’s head of macro strategy told CNBC’s

DJ O’Keefe, 12, and his sister Dallas O’Keefe, 13, both of Rochester, NY, pose for a photo with the Oscar Mayer Weiner Mobile at the annual Berkshire Hathaway shareholder meeting in Omaha, Nebraska, May 4, 2019. Scott Morgan | Reuters As Kraft Heinz tries to make its new customers stick around after the coronavirus pandemic, the company

Luis Alvarez The market for initial public offerings is partying like it’s 2014. Fourteen IPOs are scheduled to hit the public market this week, marking the most weekly since 2014, according to Renaissance Capital, which advises investors on IPOs. By planned proceeds — an anticipated $7.8 billion — this is the biggest week since May 2019

Stewart Butterfield, co-founder and chief executive officer of Slack Technologies Inc., speaks during an event in San Francisco, California. David Paul Morris | Bloomberg | Getty Images Slack shares fell as much as 20% in extended trading on Tuesday after the team communications software company reported fiscal second-quarter results and full-year guidance that exceeded analysts’

The entrance from the elevators, designed to resemble a tunnel entering a stadium, is pictured at the new DraftKings office in Boston on March 25, 2019. David L. Ryan | The Boston Globe via Getty Images Shares of DraftKings rose sharply on Monday after the sports gaming company announced an agreement with sports entertainment giant

Before Mark Cuban became a billionaire, he spent his 20s struggling to make ends meet – Cuban frequently came home to his lights turned off, he had his credit cards cut and he worked a number of odd jobs to stay afloat. It wasn’t until Cuban sold his start-up, MicroSolutions, for $6 million in 1990 that

People walk by the New York Stock Exchange (NYSE) on May 18, 2020 in New York City. Spencer Platt | Getty Images U.S. stock futures rose on Sunday night after a sell-off in tech shares led to the market’s first back-to-back weekly declines in months. Dow Jones Industrial Average futures traded 158 points higher, or

Climbing Covid-19 cases among university students living in fraternity and sorority houses in the U.S. have threatened to overturn carefully crafted plans for returning students to campus, school officials say.  At the University of Tennessee,  Chancellor Donde Plowman called out fraternities Tuesday for hosting secret parties and giving others tips on how to avoid the

Hero Images | Hero Images | Getty Images Retirees with a heavy reliance on U.S. Treasury bonds for income may want to rethink their investment strategy. With yields on Treasurys at historically low levels, these stalwart income-producers may be doing less for you than you intend. While they still provide the safety you might seek,

Oracle CEO Safra Catz delivers a keynote address during the Oracle OpenWorld conference on September 17, 2019 in San Francisco. Oracle CEO Safra Catz kicked off day two of the 2019 Oracle OpenWorld with a keynote address. Justin Sullivan | Getty Images News | Getty Images Oracle shares rose as much as 6% in extended

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

Ex-New York Jets wide receiver Josh Bellamy was arrested Thursday for his alleged role in a $24 million Covid-19 relief scheme, the U.S. Justice Department announced Thursday.  The complaint says that Bellamy, along with 10 other defendants, allegedly applied for Paycheck Protection Program (PPP) loans via at least 90 fraudulent applications for a total more

Roberto Machado Noa Check out the companies making headlines midday Friday: Peloton — The exercise equipment maker’s stock jumped 2.5% after the company handily beat earnings expectations for the fourth quarter. The company earned 27 cents per share, compared with the 10 cents expected by analysts polled by Refinitiv. Sales surged 172% during the quarter

Gal Gadot stars as Wonder Woman in Warner Bros. “Wonder Woman 1984.” Warner Bros. The movie theater industry is in trouble. “Tenet” was supposed to relaunch the U.S. box office, to prove that Americans are confident in coronavirus safety measures and eager to return to cinemas. It didn’t.  The muted opening weekend of the Warner

Events and entertainment workers protest unemployment on Aug. 19 in Las Vegas. BRIDGET BENNETT/AFP via Getty Images) It’s a hard time to try to plan your finances. Unemployment benefits and another round of stimulus checks are up in the air. Evictions are banned, but only temporarily.  Much of the uncertainty is due to the fact

Peloton said Thursday its fiscal fourth-quarter sales surged 172%, as its high-tech stationary bike and treadmill became two of the hottest commodities for people looking to workout from home during the coronavirus pandemic.  The fitness equipment maker also offered Wall Street an eye-popping outlook for the current quarter and fiscal 2021, with sales of its bikes

A person wears a protective face mask while carrying grocery bags outside Trader Joe’s on August 11, 2020 in New York City. Noam Galai | Getty Images Goldman Sachs economists said they see third quarter GDP growth tracking at 35%, driven in large part by the surprising strength of consumer spending. Goldman said its tracking

As mortgage rates reach all-time lows due to the pandemic, demand for real estate has increased exponentially. But that doesn’t necessarily mean you should buy a home right now. Way too many homebuyers overextended themselves during the 2008 financial crisis. As a result, most of us paid the price. Having your neighbor conduct a short sale or foreclosure

Passengers use smartphones inside a subway train in Seoul, South Korea, in 2015. Woohae Cho/Bloomberg | Bloomberg | Getty Images SINGAPORE — South Korea’s Kakao Games surged in their Thursday market debut on the Kosdaq, more than doubling from their listing price shortly after trading began. Kakao Games’ shares started trading at 48,000 Korean won

A J.C. Penney store in Laguna Hills, California Scott Mlyn | CNBC U.S. mall owners Simon Property Group and Brookfield Property Partners are close to finalizing an $800 million deal to rescue the embattled department store chain J.C. Penney from bankruptcy, avoiding a total liquidation and saving about 70,000 jobs and 650 stores, Joshua Sussberg of

Kathrin Ziegler | Stone | Getty Images Life gets a bit more complicated when you’re in your 30s. You may get married, have children or buy a house. You may also still be carrying student debt. On top of it all, you are supposed to be putting money aside for retirement. “Retirement is going to

A Tiffany & Co. employee wears a protective mask as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on August 1, 2020 in New York City. The fourth phase allows outdoor arts and entertainment, sporting events without fans and media production. Cindy Ord | Getty Images Entertainment

Tesla CEO Elon Musk speaks at an opening ceremony for Tesla China-made Model Y program in Shanghai on Jan. 7. Aly Song | Reuters Most investors can relate to the dilemma faced by the S&P Dow Jones Indices committee as it bypassed Tesla for inclusion in the S&P 500 last week. Tesla had more than

Macallan 18 Mark Littler LTD A 28-year-old has sold a collection of whisky given to him each year by his father as a birthday present, for £44,000 ($57,363), in order to buy his first home. Matthew Robson, who lives in Somerset in the south of England, was given a bottle of 18-year-old Macallan single malt

A Temasek Holdings signage at their office in Singapore. Munshi Ahmed | Bloomberg | Getty Images SINGAPORE — Singapore’s state investment company Temasek said Tuesday the net value of its portfolio fell for the first time since 2016 as the coronavirus pandemic hit global markets. The size of Temasek’s portfolio fell to 306 billion Singapore dollars

John David Washington stars in the upcoming spy-thriller “Tenet” from director Christopher Nolan. Warner Bros. After months of delays Christopher Nolan’s “Tenet” finally landed in U.S. theaters over the weekend, cashing in more than $20 million in ticket sales. The spy thriller, distributed by Warner Bros., inched closer to $150 million globally, the company reported,

Jose Luis Pelaez Inc Millions of Americans who are eagerly waiting for a second round of $1,200 stimulus checks may be relieved to know those payments are still a priority for Washington lawmakers. But Republicans and Democrats in Congress must first end their stalemate and approve the next coronavirus relief bill before Americans can get

Pedestrians are reflected in the window of an Abercrombie & Fitch store in New York. Craig Warga | Bloomberg | Getty Images Abercrombie & Fitch shares are soaring after the apparel retailer reported a surprise quarterly profit Thursday morning and impressive online revenue growth of 56% during the coronavirus pandemic.  Its stock was recently trading up

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.

Jose Luis Pelaez Inc | DigitalVision | Getty Images There is nothing like a precipitous decline of nearly 35%, followed by a swift rise of about 50% in the S&P 500 index — all within the span of five months — to motivate people to bust out the old cliché “buy low, sell high.” Ah, yes,