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."
Some strategists said that the new two-step austerity plan agreed upon by Congress could make a recession even more likely and what's worse, tie the hands of the Fed to step in and help.
Few pros have ever experienced a market environment with so many rapidly changing catalysts. “Many of them are, frankly, beyond our capabilities and competence,” says Laszlo Birinyi, the legendary trader.
Microsoft "stole" Skype from Silver Lake Partners and previous owner eBay spacer when it purchased the internet video communication service for just $8.5 billion this May from the private equity firm, according to legendary venture capitalist Roger McNamee. Silver Lake bought Skype two years ago from eBay for $2 billion.
Social networking giant Facebook doesn't need to go public because a flourishing venture capital market provides enough funding to grow without the short-term focus of a public market, venture capitalist Roger McNamee said.
China is mounting a foreign takeover offensive, fueled by a stronger currency and worries about one of its prime holdings, US Treasurys, as the debt debate drags on in Washington.
It appears the market has lowered its expectations for a grand deal that raises the debt ceiling and artfully cuts trillions from the deficit. Now all investors are hoping for it a plan that looks good enough on the surface to stave off a downgrade from the ratings agencies. The question on traders minds now: will Standard and Poor’s buy it?
Apple’s market value will rise to $480 billion over the next 12 months, surpassing Exxon as the most valuable company on earth, according to the updated price targets from analysts following the iPhone-maker’s blockbuster earnings report this week.
“Democrats and Republicans can continue to duke it out in the halls of Congress, but you can be fairly confident that the highest marginal income tax rate is going up,” says top analyst John Roque. “It’s just a question of how much.”
The “Food at Home” component of Friday’s consumer prices report surged almost five percent on an annual basis as grocers passed on the 12-month jump in corn, rice, sugar and oats.
CNBC Pro asked market experts, including a noted short-seller from Citron Research, how investors should trade the pullback in tech stocks.
Economist Ed Lazear joined CNBC Pro for an exclusive interview to demystify the key economic factors impacting the market.
Hess is selling 25 million shares at a discounted $39 after acquiring nearly 63 million at the end of 2014 at an average price of $83.
Tech investor Paul Meeks reshuffled his model portfolio on Friday. Here's what he's buying.
Derivatives expert Mike Khouw joined CNBC Pro to discuss why every investor should use options.
Part of the global selling in stocks that started in December may be due to oil-related sovereign wealth funds unwinding assets.
The increased volatility in the market may have lasting negative effects for other areas of the economy, JPMorgan warned.