Finance

Herbalife, Ackman cleared by government probes: Report

  David A. Grogan | CNBC Bill Ackman at Delivering Alpha 2015 in New York on July 15, 2015. Shares of Herbalife started the week up more than 2 percent after it was recently reported by The Wall Street Journal that government investigations cleared the company of allegations of having a fraudulent business model. Probes by the FBI and the ... Read More »

This market isn’t done rallying yet: Technician

On Monday, the Nikkei rose 2 percent, closing near a one-month high, after the Bank of Japan’s decision to take interest rates into negative territory. And according to one technician, Japanese stocks aren’t done with their rally just yet. Craig Johnson of Piper Jaffray said that EWJ, the ETF that tracks Japanese stocks, is set up for a relief rally ... Read More »

The Trade: What February brings for markets

Getty Images Traders work on the floor of the New York Stock Exchange. January was a month to forget for investors due to a synchronized sell-off in stocks around the world. But as February comes around, the market’s uptrend may resume, if history is any guide. Using data from Kensho, a tool designed to quantify historical market events, CNBC Pro ... Read More »

BofAML contrarian indicator says market poised for 24% gain

Sentiment on Wall Street has gotten so bad that it’s good, at least according to one indicator with a high degree of accuracy. Investor optimism has continued to erode through the current correcting, with some gauges showing bearishness at multiyear highs. One in particular — the Bank of America Merrill Lynch Sell Side Indicator — puts sentiment “close to where ... Read More »

China the elephant in the room: Julius Baer CEO

Investor nerves over emerging markets and China – the “elephant in the room” – are resulting 25-30 percent holdings in cash at Swiss bankJulius Baer, the chief executive told CNBC Monday. CEO Boris Collardi said investors were looking to reduce their exposure to emerging market volatility such as that seen in China since the start of the year, with investors ... Read More »

Why oil could surge to $85 by year-end: Analyst

Depressed oil prices are likely to rally in the second half of the year —perhaps as high as $85 per barrel, energy analyst Michael Rothman said Monday. That said, he added any move higher won’t be a result of coordinated production cuts. West Texas Intermediate crude tumbled around 5 percent in late morning trade to under $32 per barrel, as ... Read More »

An industrial recession may be engulfing America

The U.S. economy may have an industrial-sized problem. In their earnings calls, several companies have warned of an industrial or manufacturing recession. And economic data appear to be lending additional credence to their concerns, given weak manufacturing activity in January and markedly slow durable goods orders in December. “We don’t have enough data to know” that the U.S. is heading ... Read More »

Cramer: Keep an eye on oil prices

Oil prices are pushing stocks lower as investors looked to move on from a dismal January, CNBC’s Jim Cramer said Monday. “The inventory numbers are still too large. I don’t see any real demand at the $34-$35 level,” Cramer said on “Squawk on the Street.” U.S. oil inventories increased by 8.4 million barrels from Jan 18. to Jan. 22, according ... Read More »

New rumor claims HTC One M10 will have Snapdragon 820 and MediaTek versions

Sales of existing homes jumped 14.7 percent in December compared to November, according to the National Association of Realtors, but not because the housing market is suddenly outperforming all expectations. The jump in December had all to do with the nearly 11 percent monthly drop in home sales in November, and that drop in November had all to do with ... Read More »

Big oil expected to report steep profit and revenue declines

Earnings season gets underway for the energy industry’s giants on Friday when Chevron reports before the bell. With profits and revenue for so-called “Big Oil” expected to fall significantly from a year ago, investors will have an eye on a few critical factors. In a field of battered drilling stocks, many analysts have advocated holding the big, integrated oil companies ... Read More »