Jeffrey Gundlach, CEO of DoubleLine Capital LP, speaks during an interview with CNBC on the floor at the New York Stock Exchange in New York City, U.S., May 7, 2025. Brendan McDermid | Reuters Wall Street veteran Jeffrey Gundlach said many assets are extremely overpriced right now, urging investors to keep about 20% of their…
Eric Jackson thinks the dumb money isn’t so dumb anymore. The founder of EMJ Capital, Jackson is known for his contrarian takes on struggling stocks that he sees as turnaround stories. He correctly pegged ailing used car seller Carvana as a winner in 2022 and kicked off the surge in Opendoor Technologies that turned it…
European markets opened significantly lower on Friday, following a retreat in Asian shares in the morning and Wall Street’s tumble on Thursday, as investors reassessed the outlook for interest-rate cuts and questioned the lofty valuations of leading US technology and AI stocks. “Markets are down across the board as investors fret about cracks in the…
What gives Michael Burry his rizz? Short-sellers have long been despised by the retail investing crowd, who have often taken bullish positions on the stocks short-sellers are betting will fall. Inside Business stories reveal the inner workings of companies from Silicon Valley to Wall Street that are shaping our world today. “The Big Short” investor, though,…
European markets opened significantly lower on Friday, following a retreat in Asian shares in the morning and Wall Street’s tumble on Thursday, as investors reassessed the outlook for interest-rate cuts and questioned the lofty valuations of leading US technology and AI stocks. “Markets are down across the board as investors fret about cracks in the…
MANILA, Philippines (AP) — Asian shares retreated on Friday, tracking Wall Street’s tumble to one of its worst days since April as Nvidia and other AI superstar stocks kept dropping on worries their prices have shot too high. U.S. futures were nearly unchanged and oil prices advanced. South Korea’s Kospi led the regional decline, falling…
U.S. stocks are ticking higher and approaching another record. The S&P 500 rose 0.2% early Wednesday and neared the all-time high it set a couple weeks ago. The Dow Jones Industrial Average added 127 points after setting its own record the day before, while the Nasdaq composite climbed 0.3%. Technology stocks swung back upward. Advanced…
CNBC’s Jim Cramer said Wednesday that Eli Lilly will soon be the first pharmaceutical company to reach a $1 trillion stock market value. Shortly after the open, shares topped $1,000 each for the first time. At session highs, the stock exceeded a $950 billion market cap. Shares would have to hit nearly $1,058 to reach…
By STAN CHOE, AP Business Writer NEW YORK (AP) — U.S. stocks are drifting in mixed trading on Wednesday. The S&P 500 added 0.1% in morning trading and remains near its all-time high set a couple weeks ago. The Dow Jones Industrial Average jumped 396 points, or 0.8%, after setting its own record the day before, while the…
Traders work on the floor of the New York Stock Exchange (NYSE) on November 07, 2025 in New York City. Spencer Platt | Getty Images Stock futures rose after some signs of progress among congressional lawmakers over the weekend to end the historic U.S. government shutdown. S&P 500 futures gained 0.5% and Nasdaq 100…