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Monthly Archives: December 2019

Tesla stock is at records, but charts warn of danger zone

Tesla has sped to records. Shares have rocketed nearly 60% higher in the past three months, notching a new high on Wednesday for the first time since September 2017. This level is tricky terrain for Tesla and could foreshadow a major decline ahead, says Matt Maley, chief market strategist at …

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The thing that flashed recession signal is moving in opposite direction

Traders work on the floor of the New York Stock Exchange Bryan R. Smith | AFP | Getty Images The yield curve, which flashed the biggest recession signal in more than 10 years and sent shock waves through the financial markets just a few months ago, is now signaling things …

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The U.S. oil industry shook up the world, and now it’s shaking out

Workers make a pipe connection on the Orion Perseus drilling rig, Webb County, Texas. Eddie Seal | Bloomberg | Getty Images The U.S. oil industry shook up the world energy order in the last decade, and now it has been going through a shakeout of its own that is expected …

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The average rank-and-file worker at this company gets a $50,000 bonus

Nattapong Wongloungud / EyeEm Nearly 200 workers at a Baltimore real estate developer will be having the happiest of holidays: The average employee will get a $50,000 bonus. St. John Properties announced last week that it would pay $10 million in bonuses to its 198 workers. The employees will be …

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FedEx ‘face plant’ could make it open to an activist investor

A FedEx employee loads up deliveries in San Francisco. Getty Images “Face plant” and “awful” aren’t descriptors CEOs want to hear after reporting quarterly profit numbers. But FedEx’s second-quarter results were so bad — the profit decline so steep — that such severe language is not only justified, but it …

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Fannie Mae boosts 2020 housing forecast ‘significantly’

Construction workers build an apartment complex in Lawrence, Kan., Wednesday, May 16, 2012. U.S. builders started work on more homes and apartments last month and requested more permits to build single-family homes. The increases suggest the battered housing market is healing. The Commerce Department said Wednesday that builders broke ground …

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Key level to watch as stock mounts comeback

Home Depot shares could be building toward a breakout. That’s TradingAnalysis.com founder Todd Gordon’s latest call on the home improvement retailer’s stock, which has lost steam in the month after its most recent earnings report as shareholders worried about margin pressures, tied in part to the company’s $11 billion “One …

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Here are the first steps that the $372 Mega Million winner should take

Someone is having a good start to the holidays. A lottery player in Ohio won the $372 Mega Millions jackpot on Tuesday night, according to the lottery website. The ticket was purchased at the Giant Eagle supermarket in Mentor, a Cleveland suburb. We might not learn much about the lucky …

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Credit card debt is worse for those with high income

Mark Wragg | Stockbyte | Getty Images Credit cards are a growing problem for everyone. Overall, Americans have $830 billion in credit card debt as of the second quarter of 2019, a 6% jump year over year, according to the most recent report from Experian. It is the second-fastest-growing type …

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Appaloosa’s David Tepper’s advice to investors in 2010 worked all decade

As we get ready to say goodbye to the 2010s, CNBC.com is taking a look back at the key players, events and transformations from Wall Street to Silicon Valley to corporate America to the White House that shaped a “Decade of Disruption.” In the lead-up to New Year’s Day 2020, …

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