John Melloy was the executive producer of CNBC's "Fast Money" and the "Fast Money Halftime Report" until October 2013. Before returning to CNBC, he was chief executive officer of StockTwits.com, the leading social networking platform for stocks. He began his career at Bloomberg News in 1999 and rose to team leader of U.S. stock market coverage there before leaving for CNBC in 2006 to launch "Fast Money."
Investors began to fear the worst for the euro after an unusually weak auction for German bonds. One analyst went so far as to put the currency on a “death watch.”
The failure to reach a deficit deal—and possible undoing of automatic cuts—is risking another U.S. debt downgrade, a 10 percent drop in stocks and a decline in the US dollar, analysts say.
With hedge funds attracting the best talent and ETFs offering a lower cost alternative to retail investors, Bill Miller may be the last rock star to emerge from the mutual fund industry.
“Everyone is too focused on Europe and the possibility (albeit very small in my view) of a Lehman-type of event,” says Joseph Lavorgna, a managing director at Deutsche Bank.
On Monday, ketchup fans worldwide were supposed to be able to buy Heinz Tomato Ketchup made with balsamic vinegar on Facebook. But the 142-year old company hasn’t quite perfected the hip art of social media marketing.
The scene could have been mistaken for the company's flagship store on Fifth Avenue in New York City as fans lined up in droves at Apple’s retail store in Hong Kong, gobbling up the store’s supply of the new iPhone 4S in three hours, according to a Chinese tech site and confirmed by an analyst.
Investors aren’t willing to pay as much for these earnings because a possible European recession could hurt future profits of U.S. multinationals, not to mention gum up the banking system.
According to the latest IPO valuation, online coupon purveyor Groupon is worth more than half the S&P 500 index, which one trader called "ludicrous."
On Friday, wireless customers in Hong Kong will be able to pre-order the iPhone 4S, featuring the “Siri” voice recognition technology that has made it a runaway hit in this country. There’s only one catch: the phone doesn’t recognize Mandarin or Cantonese.
Fundstrat's Tom Lee recommends telecom stocks over utilities for the rest of the year.
The economy is growing at a much slower pace than expected, but some stocks have a history of thriving in such environments.
JPMorgan upgraded Dow Chemical to outperform, as global demand for the chemical company looked better than expected post-Brexit.
"Halftime Report" trader Jon Najarian bought Merrimack Pharmaceuticals for his CNBC PRO model portfolio.
Legendary technical analyst Louise Yamada joins CNBC PRO to detail her investment outlook and make her case for using charts.
Gabelli shares his views on what could be ahead for stocks following the U.K. vote to leave the European Union.
JPMorgan told clients to brace for a possible correction in U.S. stocks.