Investing

Treasury Secretary Steven Mnuchin testifies before a Senate Appropriations subcommittee on Capitol Hill in Washington, May 15, 2019. Jonathan Ernst | Reuters This is a developing story. Check back for updates. Treasury Secretary Steven Mnuchin told CNBC on Monday that there will be a surge of demand for stocks once the coronavirus threat abates. The
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The Atlas V 431 rocket rolled out to the SLC-41 pad December 17 in preparation for the EchoStar XIX satellite launch December 18. Lockheed Martin and United Launch Alliance While schedule delays are nothing new in the business of space, companies in the estimated $400 billion industry are largely bracing for widespread work from home policies that
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Ray Dalio, Bridgewater Associates Founder, President & CIO. Anjali Sundaram | CNBC Bridgewater Associates, the largest hedge fund in the world founded by Ray Dalio, has navigated several market downturns with great success. The recent coronavirus-induced sell-off is not one of them, however. The Financial Times reported Bridgewater’s flagship fund — the Pure Alpha Fund
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Steven Mnuchin, Treasury secretary, arrives at a hotel in Beijing, China, on Thursday, March 28, 2019. Gilles Sabrie | Bloomberg | Getty Images This is breaking news. Please check back for updates. Treasury Secretary Steven Mnuchin said Friday that the current market sell-off will be short-lived and, as such, looks like a compelling investment opportunity
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Investors should be willing to put cash to work after the market’s worst day since “Black Monday” in 1987, CNBC’s Jim Cramer said Friday.  “There’s trillions of dollars on the sideline, waiting and waiting and waiting,” Cramer said on “Squawk Box.” “They’ve got what they’ve been waiting for.” He asked, “How can you not start buying
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CNBC’s Jim Cramer praised President Donald Trump’s latest response to the coronavirus outbreak on Friday, calling the private sector involvement “a very big deal.”  “These are real companies, and they want to do something about it,” Cramer said on “Closing Bell.” “This is not a bunch of bureaucrats who are saying, ‘We ought to do
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Omar Marques | LightRocket | Getty Images Bitcoin lost its allure as a safe-haven asset this week.  The world’s first and most widely held cryptocurrency dropped 50% over the past two days. Bitcoin — sometimes referred to as “digital gold” — fell more than 30% Friday to its weakest level since March 2019, according to
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Chamath Palihapitiya, founder and CEO of investment firm Social Capital, told CNBC on Thursday that the broad market sell-off over coronavirus fears is like the 2008 financial crisis and 2000 dot-com bubble bust combined.  The Dow Jones Industrial Average plummeted nearly 9% on Thursday and was on pace for its biggest one-day percentage decline since
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The stock market’s recent extreme volatility has made it advantageous for investors to pick individual equities, Bank of America strategist Savita Subramanian told CNBC on Wednesday.  “This is an environment where passive, ETF investing might not be the most prudent way to invest,” Subramanian said on “Fast Money.“  That’s because the market’s sell-off in response to concerns
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CNBC’s Jim Cramer said Tuesday that he feels better about buying stocks now that President Donald Trump publicly acknowledged the need for coronavirus relief for workers and small businesses. Trump plans Tuesday to meet with Senate and House Republicans to discuss “a possible payroll tax cut” and other “substantial relief” as coronavirus cases in the
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