Satellite manufacturer Swarm Technologies is under scrutiny by the Federal Communications Commission (FCC) for the unauthorized launch of four prototype satellites in January, the regulatory authority confirmed to CNBC on Friday. The news was previously reported by IEEE Spectrum. Swarm — founded in 2016 by former Google and Apple engineers […]
CNBC News
Cramer: Kroger’s latest quarter made all the supermarket stocks look bad
When shares of supermarket chain Kroger tanked following the company’s earnings report, CNBC’s Jim Cramer knew he had to explain the stock’s roller-coaster action. The “Mad Money” host himself was shocked when Kroger’s stock ran from $21 in October to $31 at the end of January on practically no news. […]
NRA files lawsuit over Florida gun control law
The National Rifle Association has filed a federal lawsuit over gun control legislation Florida Gov. Rick Scott has signed, saying it violates the Second Amendment by raising the age to buy guns from 18 to 21. The lawsuit came just hours after Gov. Scott, a Republican, signed the compromise bill […]
Cramer’s game plan: Stop the hysteria and use weakness to buy
This week reminded CNBC’s Jim Cramer that the stock market often acts more reasonably than investors might expect. “If you sold stocks when everyone was panicking on Monday, you made a big mistake. The fears turned out to be overblown,” the “Mad Money” host said on Friday. “I’m proud of […]
Inflation data could be a big deal for markets as investors await new guidance from the Fed
Stocks could be volatile in the week ahead, as markets navigate a fresh release of inflation data and countdown to the Fed’s late March meeting. The bull market will also be starting off its 10th year, with the S&P 500 up about 312 percent from the low it set nine […]
Sallie Krawcheck on what Wall Street doesn’t understand about women—and their money
Wall Street veteran Sallie Krawcheck is making closing the investment gap her mission with digital investment startup Ellevest. And while the pay gap may be in the spotlight right now, Krawcheck warns that the gender investing gap can have an even bigger impact for women over their lifetimes. “It’s important […]
Small-caps speed ahead of market, but large-caps are still where the money lies, says market watcher
Small-cap stocks have seen some big gains in the past week. The index rose 2.5 percent and just logged its best five-day stretch since mid-February. But rather than jumping in, one longtime market watcher says now might be the time to make a trade. “Large-cap value is still going to […]
Intel reportedly considers bid for Broadcom
Intel is weighing a range of acquisition options, including a bid for Broadcom, The Wall Street Journal reported Friday, citing people familiar with the matter. Shares of Intel fell 1 percent in after-hours trade following the report, while Broadcom shares gained more than 6 percent. Qualcomm shares were little changed. […]
Blankfein jokes on Twitter that he feels like Huck Finn at his own funeral after WSJ reports he’s leaving Goldman
Goldman Sachs CEO Lloyd Blankfein might not be leaving the bank immediately or even this year, but he’s inching closer to saying outright that he will leave, eventually. On Friday, after The Wall Street Journal reported the CEO could be leaving by the end of this year and a spokesman […]
New liberal Super PAC is digging up dirt on Republican incumbents in state races
A liberal Super PAC, Forward Majority, is digging up dirt on hundreds of incumbent Republicans running in local races across the country, deploying opposition research to try to improve Democrats’ dismal numbers in state legislatures in 2018. Co-founded by David Cohen, a top Obama 2008 official, Forward Majority entered the […]