“The Fed is not really giving enough credence to the idea that tighter credit means things weaken in a fairly quick manner,” Wells Fargo’s Mike Schumacher says.
This e-commerce stock has a whopping 300% upside, according to Morgan Stanley
E-commerce growth is back, and Morgan Stanley has several stock picks for investors to cash in, including a less obvious name.
Morgan Stanley just upgraded a global energy stock it says has ‘significant’ potential for growth
Morgan Stanley likes the major European energy firm’s “clear and ambitious strategy” and says it has one of the strongest balance sheets in the industry.
Cruise robotaxis blocked a road in San Francisco after a storm downed trees and wires
A witness told CNBC the driverless Cruise vehicles did not appear to detect and avoid the caution tape and bus wires, and instead became “tangled in them.”
FDA advisors vote against effectiveness of Biogen’s ALS drug for rare and aggressive form of the disease
FDA advisors voted against the effectiveness of Biogen’s investigational ALS drug, which could become the first to target a genetic cause of the disease.
Yellen’s comments rattled the market, not the Fed rate hike, Jim Cramer says
The Federal Reserve’s quarter-point rate hike “seems just right,” said CNBC’s Jim Cramer.
Stocks close higher Thursday following a volatile trading session: Live updates
Stocks ended higher on Thursday in what was a turbulent trading session as traders bet that the Fed may be nearing the end of its rate hiking cycle.
FAA launches new plan to avoid flight delays in NYC, DC this summer
The government controls the number of take-offs and landings at some of the country’s most congested airports.
Coinbase warned by SEC of potential securities charges
The SEC issued crypto exchange Coinbase a Wells notice, warning the exchange that it identified potential violations of U.S. securities law.
Pro Picks: Watch all of Wednesday’s big stock calls on CNBC
A recap of Wednesday’s best stock picks on CNBC.