CNBC News

U.S. stocks lost nearly $1 trillion in this week’s sell-off, according to Howard Silverblatt, senior index analyst at S&P Dow Jones Indices. The S&P 500 fell 3.85 percent in its worst week since the ugly beginning to 2016, before Brexit and before President Donald Trump’s election. The last week’s decline […]

“Widespread consumer abuses” fueled the Federal Reserve’s Friday decision to restrict Wells Fargo’s asset size and call for the removal of four of the big bank’s board members. While CNBC’s Jim Cramer was surprised that the Fed didn’t do something sooner, Fed Chair Janet Yellen’s outgoing move was more brazen […]

Friday’s dramatic sell-off capped the worst week in two years for stocks, and investors were looking forward to Monday with trepidation. The wild ride, which shaved 3.8 percent off the S&P 500, is the first correction of more than 3 percent since just before the presidential election in 2016. Since […]

The Federal Reserve said Friday it is restricting Wells Fargo‘s size in response to “widespread consumer abuses.” As a result, Wells Fargo plans to replace three directors by April and a fourth by the end of the year. The Fed is prohibiting the bank from growing any larger than its […]

As the Dow Jones industrial average slid more than 660 points on Friday, CNBC’s Jim Cramer gave investors a playbook for the tech giants that reported earnings on Thursday. “A couple of perennial winners, Apple and Alphabet, have been transformed into what can only be called underdogs — maybe even […]

As the Dow Jones industrial average dragged stocks down 666 points on Friday in an ominous end to the worst week for stocks in two years, CNBC’s Jim Cramer wanted to vet the upside. After months of an endless bull rally where it seemed like stocks could only go up, […]

Technical analyst Carter Worth of Cornerstone Macro said he expects further declines after Friday’s stock market drop. Worth pointed to a trendline from the market’s lows in 2016 that stocks have since tested and held above. To reach that line, Worth said, the S&P 500 would have to fall 222 […]

Technical analyst Carter Worth of Cornerstone Macro said he expects further declines after Friday’s stock market drop. Worth pointed to a trendline from the market’s lows in 2016 that stocks have since tested and held above. To reach that line, Worth said the S&P 500 would have to fall 222 […]

The images of the Dow Jones industrial average point drop really caught my eye Friday afternoon. People are measuring the stock market’s decline in points, not in percentage terms. Even more, the 600-plus point drop feels like “a lot of points” and “a very, very rare event.” We don’t handle […]

The sale of Merck KGaA’s consumer health unit has been thrown off track after Nestle has pulled out, leaving the race to buy the maker of Seven Seas vitamins without its main contender, sources familiar with the matter told Reuters. Nestle has walked away from the process, led by JPMorgan, […]