Confetti falls as Lyft CEO Logan Green (C) and President John Zimmer (LEFT C) ring the Nasdaq opening bell celebrating the company’s initial public offering (IPO) on March 29, 2019 in Los Angeles, California. The ride hailing app company’s shares were initially priced at $72. Mario Tama / Getty Images TE Connectivity This week, Wells

The insistent refrain “new all-time record” has been played so often recently that it sounds like a broken record. For readers born after the age of vinyl, the term refers to when the needle gets stuck in a groove, repeating a phrase over and over until you either move the arm or throw the record

David Tepper, founder of Appaloosa Management, said Friday he still likes this bull market, which is the longest on record.  ”I love riding a horse that’s running,” Tepper told CNBC’s Joe Kernen in an exclusive email. ”We have been long and continue that way.” The current bull market started in March of 2009. Since then, the S&P 500

Jeff Bezos CEO of Amazon. Joe Klamar | AFP | Getty Images There’s an exclusive club on Wall Street and it might let Amazon back in this year. The so-called trillion-dollar club, which includes tech giants Apple, Microsoft and now Google-parent Alphabet, is the group of companies with a market value of $1 trillion or

This is breaking news. Please check back for updates. Billionaire hedge fund manager Stanley Druckenmiller said Friday that he agrees with fellow investor David Tepper’s optimism on the market and said he’s still “riding the horse.” “I revealed a very bullish posture intermediate term since October when Powell guaranteed he would not rescind the insurance cuts,”

FAANG stocks displayed at the Nasdaq. Adam Jeffery | CNBC Morgan Stanley and Nomura analysts on Friday raised their price targets for Apple stock as the tech giant’s shares continue to surge. However, the latter cautioned that inflated iPhone 12 expectations “may make the music stop” and questioned market enthusiasm about a “5G supercycle.” In

The Tesla logo is seen on the Apple iPhone case in Santa Monica, California. Patrick T. Fallon | Bloomberg | Getty Images Elon Musk’s electric automaker Tesla on Wednesday once again reclaimed its title as Wall Street’s most-shorted stock. That was, at least, until Apple stole it back. Tesla’s meteoric climb over the last six

Aerion Supersonic as2 NEW YORK CITY – Supersonic air travel is only a few years from returning if a small U.S. company succeeds in developing its next-generation jet. Nevada-based Aerion expects to begin flying its AS2 supersonic jet by 2024, the company’s CEO Tom Vice said on Thursday, speaking at a UBS conference in New

The U.S.-Iran conflict appears to be in the rear-view mirror as stocks soar to record highs and the phase one signing of the U.S.-China trade deal takes center stage, but some are warning that tensions in the Middle East continue to simmer, and may soon reach a boiling point. “A significant change to our outlook

CNBC’s Jim Cramer said Wednesday that “tariffs worked” as a means to prod China to agree to a phase one trade deal with the United States. “I keep wondering when people are going to recognize that it is historic that tariffs did succeed,” Cramer said on “Squawk on the Street,” shortly before U.S. and Chinese

Beyond Meat “Beyond Burger” patties made from plant-based substitutes for meat products sit on a shelf for sale on November 15, 2019 in New York City. Vegetarian alternatives to burgers and sausages, revived by start-ups like Beyond Meat and Impossible Burger, are enjoying a certain enthusiasm that meat giants also want to enjoy. ANGELA WEISS

Tesla Inc CEO Elon Musk dances onstage during a delivery event for Tesla China-made Model 3 cars in Shanghai, China January 7, 2020. Aly Song | Reuters More than a dozen Wall Street firms have adjusted their ratings or price targets for Tesla shares since the beginning of the year, playing catch-up after stock of

Ark Investment Management founder Catherine Wood told CNBC on Tuesday that she believes Tesla could be worth more than $6,000 per share in the next five years. That’s up from the last time her firm ran its model, she said, adding a more recent run may yield an even higher target. “Stay tuned,” she said on

Traders work before the closing bell at the New York Stock Exchange on Aug. 14, 2019 in New York City. JOHANNES EISELE | AFP | Getty Images Many stock markets globally have continued their strong run into the new year — so it’s time to start taking some profits while waiting for another opportunity to

Plaid co-founders William Hockey and Zach Perret Source: Plaid Payments giant Visa is buying Silicon Valley start-up Plaid for $5.3 billion, the companies announced Monday. Plaid’s API software, often referred to as the “plumbing” behind fintech companies, lets start-ups connect to users’ bank accounts. It’s well-known among financial technology developers, but the average person interacting

Traders work after the closing bell at the New York Stock Exchange (NYSE) on August 7, 2019 in New York City. – Wall Street stocks finished little changed on August 7, 2019, following a choppy session as a plunge in treasury bond yields early in the day underscored worries about a weakening global economy. JOHANNES

McDonalds Big Mac Getty Images Wall Street analysts say there’s no shortage of high quality stocks with upside for investors as 2020 gets underway. Many analysts named their top picks this week and CNBC looked at the most recent research to find the best picks. Stocks include Verizon, McDonald’s, Estee Lauder, Facebook, Simon Property Group,

Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters Company analysts see only modest upside for stocks overall this year, a rare view for the normally bullish crowd. Average price targets of individual companies show that the typical stock is projected to have just 5.5% upside in 2020, according

A pedestrian looks at an electric quotation board displaying the numbers on the Nikkei 225 Index on the Tokyo Stock Exchange and various markets around the world, in Tokyo. Kazuhiro Nogi | AFP | Getty Images (This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s

A ride at Six Flags amusement park in Upper Marlboro, MD. Jonathan Newton | The Washington Post | Getty Images Six Flags received an exceedingly rare double black eye from the same analyst as the stock was downgraded twice in less than a day by Wells Fargo. When the closing bell rang on Thursday, Timothy

Gene Munster, a former top Wall Street tech analyst turned venture capitalist, believes Apple‘s stock has reason to trade 50% higher than its Friday price. “I want to try to quickly define what the right case [on Apple] would be,” Munster said on CNBC’s “Squawk Alley.” “Microsoft, Google [owned by Alphabet], and Facebook trade at

CNBC’s Jim Cramer said Friday that he feels like a “clown” for defending Boeing in the early days of the 737 Max scandal. Cramer expressed that regret one day after Thursday’s release of more than 100 pages of internal Boeing communications, in which company employees boasted about bullying regulators to approve the now-grounded 737 Max

The good news is that stocks are continuing to rally because the market is assuming the magic combination of continuing job growth, a trade truce, a friendly Federal Reserve, and a bottom on declining global growth will produce an expansion of earnings in 2020. The bad news is that stock prices keep going up, but

Consumers and corporate chieftains are heading in the opposite direction, with one group still brimming with good thoughts about the future and the other sure that tougher times are coming. Recent surveys exemplify a trend that began a few years ago and has accelerated over the past several months. The gap between sentiment is broad

Virgin Galactic CEO George Whitesides on Thursday revealed the company has seen steadily increasing demand from prospective space tourists, as the company edges closer to its goal of beginning commercial flights this year. The number of people telling the company they want to fly to the edge of space “keeps ticking up by a good

CNBC’s Jim Cramer slammed Kohl’s on Thursday after the embattled retailer reported a disappointing same-store sales decline during November and December and warned on outlook. “Kohl’s is just roadkill,” Cramer said on “Squawk on the Street.” “I’m speechless … I’m as quiet as the registers at Kohl’s.” Kohl’s did not immediately respond to CNBC’s request for comment.

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 27, 2018. Eduardo Munoz | Reuters Stocks are poised to finish the first five trading days of 2020 higher, setting up for potentially strong performance in the full year, based on an old Wall Street indicator. If stocks

Oil prices would skyrocket if Iran moved to completely cut off the Strait of Hormuz, energy analysts told CNBC on Wednesday. Elevated geopolitical tensions have sparked fears of a widening conflict in the Middle East, with energy market participants increasingly concerned that the fallout could soon disrupt regional crude supplies. It has thrust the world’s

Tesla Inc CEO Elon Musk attends an opening ceremony for Tesla China-made Model Y program in Shanghai, China January 7, 2020. Aly Song | Reuters Argus Research analyst Bill Selesky raised his 12-month price target on Tesla to $556 from $396 on Tuesday. Selesky cited Tesla’s strong fourth quarter deliveries, where it topped analyst expectations,

A flag flies outside the Citigroup building in the Long Island City neighborhood of Queens, New York. Daniel Acker | Bloomberg | Getty Images Citigroup is making David Chubak its new head of U.S. retail banking at a critical time for the third-largest U.S. bank. Chubak, who held largely strategic roles across the New York-based