Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
Kudlow pointed to strong retail sales and low unemployment as signs that the U.S. economy remained strong.Marketsread more
The yield on the benchmark 10-year Treasury note briefly fell below the 2-year rate on Wednesday, a phenomenon in the bond market known as yield curve inversion, which is...Marketsread more
The MacBook Pro recall and its subsequent ban from flights underscores the increasing brand risk from problems with lithium-ion batteries.Technologyread more
Experts say the timing of Amazon executives' contributions to Rep. David Cicilline likely reflect the company's heightened urgency over growing regulatory scrutiny.Technologyread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
Coinbase security chief Philip Martin explains, "Possession of a key is possession of your currency. What that means is that you can't revoke a cryptocurrency key, if that key...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
The Supreme Court could strike down the constitutionality of the Consumer Financial Protection Bureau, an agency Elizabeth Warren has likened to her child and which Justice...2020 Electionsread more
Bianco Research's James Bianco suggests Wall Street is desperately looking for a signal that a 50 basis point cut is coming next month.Trading Nationread more
Billionaire value investor Mario Gabelli said on Wednesday's CNBC "Halftime Report" that MGM Resorts International stock is "very attractive" and investors should "put a bet on it."
The longtime investor is bullish on MGM because he expects its growing online gambling business to offset the slowing growth in Macau. Shares of MGM erased earlier loss on Wednesday after his comments, trading at $27.85.
"They are positioning themselves for gambling online and they cut a deal with GBC, which is the English betting company, so they've got the backbones of that. You have the question mark over Macau, but that's become less important," Gabelli said.
Macau, the world's largest gaming market, has been experiencing slower growth, and the trade tension between the U.S. and China have only added to the uncertainty. MGM stock lost a whopping 27 percent in 2018 on its slowing business, but its recent partnerships with NBA, WNBA and NHL after the legalization of sports betting are poised to boost the company's outlook.
The lesser-known home and building products company Griffon is also Gabelli's top pick. He sees a 50 percent gain for the stock over the next 12 months.
"They have become a surrogate housing and gardening market play. We own 15 percent of the company. We'd like to own it all," Gabelli said on CNBC.
Shares of Griffon jumped more than 2 percent on Wednesday following Gabelli's comments.