The Fed is expected to cut rates multiple times, but the reason behind those cuts could have vastly different implications for the market.Marketsread more
It's about time to write off high-growth tech stocks, Goldman warns, saying software carries the highest multiples since the tech bubble.Marketsread more
Iran will surpass the internationally agreed levels of its low-enriched uranium levels in 10 days, the country's atomic energy body said Monday.Politicsread more
"This is going to be the biggest thing that's happened to Facebook in years," says CNBC's Jim Cramer. "It will be vital."Investingread more
Boeing says the airline industry will need 44,000 new commercial airplanes by 2038. The market value of those planes would reach $6.8 trillion, up from $6.49 trillion...Airlinesread more
Apple is reportedly building three new iPhones for 2020, including two with 5G. It may also slightly change the screen sizes of the new iPhones.Technologyread more
Sotheby's announces it has signed an agreement to be acquired by BidFair USA, a venture owned by art collector Patrick Drahi.Marketsread more
Overall, extortion by email is growing significantly, according to the FBI's Internet Crime Compliant Center (IC3). Last year, these complaints rose 242% to 51,146 reported...Technologyread more
In a 7-2 ruling, over dissents from Justices Ruth Bader Ginsburg and Neil Gorsuch, the justices affirmed the so-called "dual sovereignty" exception to the Constitution's...Politicsread more
The chipmaker crush could persist and investors should be selective, but Nvidia looks like a clear buy, one market watcher says.Trading Nationread more
Target's nationwide cash register meltdown over the weekend created more than $16 million in buzz on the internet from news reports and other social media mentions, according...Retailread more
The New England Patriots might be a football dynasty and the LA Rams could be the league's hottest team, but that hasn't kept them from paying attention to business and finance. CNBC spoke with players on both teams ahead of the Super Bowl LIII in Atlanta to get their take on a variety of business topics.
When asked what company they would like to invest in or become CEO of, the most popular answer – by far – was Amazon. Several players highlighted Amazon's dominance across so many areas.
"It's incredible what they've done and what Jeff Bezos has been able to do," said Patriots long snapper Joe Cardona. "Amazon's starting to get a hammerlock on all kinds of different markets," said the Rams' Austin Blythe. "I should have bought Amazon 15 years ago," said teammate Jake McQuaide, "but now it's too late, we missed the boat, we have to figure out what the next one is."
"Right now Amazon, they're killing it," said Patriots running back Rex Burkhead. "It seems like they're taking over the world."
A distant second was Apple, mentioned by players on both teams. Blythe loves Apple products, but he did have a direct message for CEO Tim Cook. "Do not let people use FaceTime to spy on their friends and family," referencing the well-publicized bug this week.
Other picks included Walmart, Ralph Lauren and Nike. Rams wide receiver Josh Reynolds chose Chick-fil-A, saying: "If I were the CEO, I'd have them open on Sundays." He even admitted he ate some this week in Atlanta ahead of the big game.
Others see opportunity in energy. The Rams' Gerald Everett said he'd like to run Chevron, saying: "Everybody's not going to drive a Tesla, so the gas company will still be on top for a while."
Some relied on personal experience. "Costco is arguably the greatest store in America," said the Rams' Brian Allen. "I have the highest membership you can have, so naturally I go once a week." He added that he buys water bottles in bulk, and that in high school he and his friends would go there just to eat the food.
Netflix was a big topic of discussion, as many players have a subscription and spend their free time watching. Despite the recent price hike, nobody is planning to cancel their subscription. "I can swing that, but at some point if it's 20 bucks it'll definitely be annoying," said Patriots defensive end John Simon, adding "but they've been upgrading their shows." The Rams' John Johnson agreed with the price hike, "I think it's a good idea honestly, because people have been using it up."
Players on both teams referenced Warren Buffett. Patriots kicker Stephen Gostkowski said he looked up to Buffett as a business inspiration, "he makes the right calls," while Ndamukong Suh of the Rams said he talks with Buffett frequently and has some special investments coming. Teammate Allen wished he had bought Berkshire Hathaway shares years ago.
But there was one thing players on both teams agreed on. They'd all rather win the NFL championship game than any other measure of financial success. "Win the Super Bowl, for sure," said Blythe.