business news

Coinbase, Spirit Airlines, Robinhood and more

Check out the companies making headlines in midday trading. Spirit Airlines – The budget airline’s shares fell more than 7% amid news that advisory firm Institutional Shareholder Services told Spirit shareholders to vote for the proposed merger with Frontier Airlines. It comes after Frontier Airlines upped the cash portion of its offer by $ 2 …

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How fund manager Dan Katz Fund manager is trading deglobalization

For decades, globalization has been an established part of the global economic system, but fund manager Dan Katz believes its unraveling could reshape the global economy. He tells CNBC how he’s navigating the new economic order. “The story of the last 30 years has really been a story of increasing globalization and efficiency throughout the …

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Sam Bankman-Fried rescues crypto lenders BlockFi, Voyager

With no central bank willing to come to the rescue, beleaguered crypto companies are turning to their peers for help. Billionaire crypto exchange boss Sam Bankman-Fried has signed deals to bail out two firms in as many weeks: BlockFi, a quasi-bank, and Voyager Digital, a digital asset brokerage. FTX, Bankman-Fried’s crypto exchange, agreed Tuesday to …

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Stocks jumped 2.5% Tuesday – here’s what happened every time stocks popped this much this year

Stocks got a nice pop on Tuesday, but history shows gains such as these this year are typically followed by losses immediately. Here are the 10 biggest rallies in the S&P 500 this year. Tuesday’s gain would rank fifth on this list. The broader market index has averaged a loss of 0.8% the trading day …

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This Goldman portfolio reliably beats the market. Here’s what’s in it

Investors have entered a difficult period of tightening financial conditions, slowing economic growth and elevated market volatility, but some stocks could still thrive in such challenging times, according to Goldman Sachs. The Wall Street firm is recommending stocks with a high Sharpe ratio score, a measure of a stock’s performance relative to its volatility. Goldman …

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Don’t get seduced by this bear market rally, Strategas’ Verrone says

As investors continue to wonder whether stocks are at or near the market bottom, Strategas’ Chris Verrone says we aren’t there yet. On Friday the S&P 500 closed at 3,674.84 after posting its worst week since 2020. Verrone, a partner and head of the firm’s technical and macro research team, told CNBC’s “Squawk Box” on …

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These are the most oversold stocks in the S&P 500 due for a bounce

Certain stocks have become so oversold during this brutal bear market that they are long overdue to bounce. With stocks on Tuesday snapping back a bit after weeks of big losses, CNBC Pro set to find the stocks most overdue for a rebound. We looked for the shares trading the farthest from their average price …

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