CNBC News

American oil and gas producers and investors are still striking a lot of deals, but they’re now focusing on smaller mergers and acquisitions, extending a trend that began in the first half of 2017, a new report says. The pattern in dealmaking shows that oil and gas drillers are now […]

There is one stock during this explosive bull market working for the shorts. A day after Greenlight Capital’s David Einhorn lamented over his losing in his short positions against Amazon and Tesla, some hedge fund investors are winning big from their bearish bets on Chipotle. Shorting is a trading strategy […]

A well-respected Wall Street stock strategist is increasing his bets on bitcoin. Fundstrat’s Tom Lee told clients in a Wednesday report that the Bitcoin Investment Trust, trading under the GBTC ticker, is an “attractive” buy. The move is a risky one for a strategist like Lee. The bitcoin trust is […]

Amazon‘s amazing run may have come to an end, according to one technician. After surging more than 35 percent in the first seven months of the year, shares of the e-commerce giant have been trending lower, underperforming both the broader markets and its FANG counterparts. “Much of the broader indices […]

Amazon will most likely disappoint Wall Street with its fourth-quarter forecast, analysts at Goldman Sachs said. “Investor focus remains on operating income with the view that guidance is likely to fall below sell-side consensus of $1.5bn,” Heath Terry, an analyst at Goldman, said in a note Wednesday. “We expect the […]

Morgan Stanley’s auto analyst Adam Jonas is known for his out-of-the-box thinking on Tesla, but he’s pretty good at analyzing the traditional automakers too. Jonas downgraded GM shares Wednesday to equal-weight from overweight after nailing a breakout in the 109-year-old automaker. “Our OW [overweight] thesis that GM could change the […]

Police are investigating how 65 pounds of marijuana ended up being shipped to a Florida couple that ordered four storage units from Amazon. The couple suspected that something was wrong when they found out that their package—shipped via UPS and meant to contain four empty bins—weighed 93.5 pounds. “They were […]

As if things couldn’t get worse for General Electric. Shares of the worst-performing Dow stock fell again on Tuesday and are now in danger of entering a technically perilous pattern that could spell more declines to come. “In a world of new highs, we have General Electric hitting fresh new […]

Saudi Aramco CEO Amin Nasser, who runs the world’s largest oil company, is taking the rise of electric vehicles in stride. Growing adoption of electric vehicles stands to put a big dent in oil demand in the coming years. Barclays recently forecast that cleaner-burning cars could wipe out crude consumption […]

Bitcoin doesn’t show textbook signs of a bubble yet, but there are other reasons not to buy it, says investing expert William J. Bernstein. The digital currency has “no intrinsic value,” Bernstein said in a phone interview with CNBC.com. It’s “awfully suspicious on that criteria alone.” The “fact the price […]