Club names that have been big winners before

Club names that have been big winners before

Strange but true: The S&P 500 has been solidly higher 12 months after the midterm elections in every cycle since 1954, according to Yardeni Research, regardless of which party won or lost. The broad market index’s average one-year gain in 17 post-election windows has been around 15%. These facts are on our minds this Election … Read more

Twitter Investor Chris Sacca Says Elon Musk Is ‘Alone Right Now’

Twitter Investor Chris Sacca Says Elon Musk Is ‘Alone Right Now’

Billionaire Chris Sacca Courtesy of Collision Conference The venture capitalist Chris Sacca, one of the first investors in Twitter and an early evangelist of the place, Elon Musk says he needs people around him who are willing to “speak some truth to power” because the company’s problems are too big for him to solve on … Read more

See all of Monday’s big stock calls on CNBC

See all of Monday’s big stock calls on CNBC

Market Movers gathers the best trading ideas from investors and analysts throughout the day. The experts slammed Meta after a Wall Street Journal report suggested the company could start laying off thousands of employees as early as Wednesday. The share price rose more than 6% on the news. Meta is currently held in Jim Cramer’s … Read more

Meta is stocking up on the report, mass layoffs are set to begin

Meta is stocking up on the report, mass layoffs are set to begin

The Meta Platforms Inc. pavilion on the opening day of the World Economic Forum (WEF) in Davos, Switzerland, Monday, May 23, 2022. Jason Alden | Bloomberg | Getty Images Shares of Facebook owner Meta rose 6.5% on Monday after a Wall Street Journal report over the weekend said the company could start layoffs as soon … Read more

Carvana, Meta, Palantir, Viatris, Walgreens and more

Carvana, Meta, Palantir, Viatris, Walgreens and more

Budrul Chukrut | SOPA images | Lightrocket | Getty Images See the companies making the biggest moves midday: Carvana — Carvana shares fell 15.64%, with trading briefly halted at one point due to volatility. The sale comes after the used car seller’s worst day ever on Friday, when the company had an earnings miss and … Read more

Meta may begin large-scale layoffs this week, report says

Meta may begin large-scale layoffs this week, report says

An avatar of Mark Zuckerberg, CEO of Meta Platforms Inc., speaks during the Meta Connect virtual event in New York, U.S., Tuesday, Oct. 11, 2022. Michael Nagle | Bloomberg | Getty Images Facebook parent Meta could begin large-scale layoffs as early as Wednesday, according to a report from the Wall Street Journal. The layoffs are … Read more

Stripe lays off 14% of workers

Stripe lays off 14% of workers

Online payments giant Stripe is laying off about 14% of its workforce, CEO Patrick Collison wrote in a memo to staff Thursday. In the memo, Collison said the cuts were necessary amid rising inflation, fears of a looming recession, higher interest rates, energy shocks, tighter capital budgets and scarce seed funding. Together, these factors signal … Read more

What Elon Musk really gets out of owning Twitter

What Elon Musk really gets out of owning Twitter

Twitter is a lousy business. have always been. The company has never had a sustained profit. Its audience is much smaller than Facebook or Instagram (both owned by Meta), YouTube (which is part of the Google) or TikTok (owned by China’s ByteDance). It’s not even as big as Snapchat in terms of daily users. Elon … Read more

Apple is now valued at more than Amazon, Alphabet and Meta – combined

Apple is now valued at more than Amazon, Alphabet and Meta – combined

Market cap prices have been updated to trillions, not billions. Apple Inc. shares have far outperformed their Big Tech peers over the past month, helping the company to a staggering feat: The smartphone giant is now worth more than Alphabet Inc., Amazon.com Inc. and Meta Platforms Inc. combined. Apple AAPL, -3.73% ended Wednesday’s session with … Read more

Wall Street is cutting price targets this earnings season. Here are 13 stocks that bucked the trend

Wall Street is cutting price targets this earnings season.  Here are 13 stocks that bucked the trend

As Wall Street banks cut stock price targets across the board this earnings season, only a handful of companies have bucked the trend, a CNBC Pro analysis shows. Of the nearly 300 companies in the S&P 500 that have reported results this earnings season, more than two-thirds — 72% — saw their median price target … Read more