Goldman Sachs has joined the flight of institutional investors from Fisher Investments. The giant investment bank is pulling $234 million from Camas, Washington-based Fisher, according to a source close to the matter. Goldman Sachs and Fisher Investments both declined to comment. In all, institutional investors, along with Goldman, are withdrawing more than $2.7 billion from Fisher Investments in light of Ken Fisher’s lewd comments made at a conference on Oct. 8. In total, Fisher Investments has

Twitter’s problems aren’t permanent: Pivotal Research’s Levine4 Hours AgoTwitter shares are tanking after reporting earnings. Michael Levine of Pivotal Research joins CNBC’s “Power Lunch” team and Julia Boorstin to discuss what happened and what investors should do.

Democratic presidential candidate, Sen. Elizabeth Warren (D-MA) speaks during the New Hampshire Democratic Party Convention at the SNHU Arena on September 7, 2019 in Manchester, New Hampshire. Sen. Elizabeth Warren’s presidential campaign said on Thursday that one of its offices in New Hampshire was broken into the previous night. The Warren campaign has five field offices in New Hampshire, the first-in-the-nation primary state, according to its campaign page. The New Hampshire primary will take

Sanders’ plan shares many of the planks of Booker’s bill, including investment in communities most affected by drug law enforcement. Under Sanders’ plan, the $50 billion in investment would cover several areas. Along with the controls to prevent industry consolidation, the Sanders plan would also bar tobacco companies from getting into the marijuana business. The Sanders plan did not include a proposed tax rate for legal marijuana sales or an estimate for annual revenue raised. It based the figu

The SpaceX Crew Dragon capsule next to the company’s Falcon 9 rocket in a hangar at Kennedy Space Center, Florida. Like the previous test, a temporary test stand is being set up at LZ-1 for the capsule. If the Crew Dragon static fire test goes well, SpaceX could be ready for its next milestone by mid-December, Musk has said. SpaceX would test Crew Dragon in what is called an “in flight abort.” A SpaceX Falcon 9 rocket with the company’s Crew Dragon spacecraft onboard is rolled out for the Demo-1

Payments giant Square is getting into stock trading. The San Francisco-based company will offer users the ability to trade individual stock on its Cash App, for free. Square, run by Twitter CEO Jack Dorsey, will also let customers trade fractions of a stock so investors can buy a portion of more expensive names like Amazon. For example, Dorsey said on Twitter that users can buy $1 worth of a stock like Berkshire Hathaway class A shares, which were trading at more than $315,000 Thursday. The new

Even if you’re still deciding how you’re going to vote next Election Day, you could already be taking political sides with your investments. New research examines whether mutual fund managers put more money in companies that are led by executives who share their political ideologies or party affiliations. “There is a consistent pattern that fund managers are likely to invest more in firms with leadership that have ideology that’s similar to theirs,” Xi said. That data was used to determine the f

Florida’s proposal mirrors California’s new law in prohibiting the NCAA from retaliating against collegiate athletes who make money outside their schools. While it’s also aimed at keeping California from siphoning off the state’s best collegiate athletes, it takes a different approach. Parker said he thought the California law that was signed last month “did something really great. California’s Fair Pay To Play Act prevents the NCAA from punishing schools that allow paid student athletes partici

In this photo illustration, a container of Johnson’s baby powder made by Johnson and Johnson sits on a table on July 13, 2018 in San Francisco, California. Walmart, CVS Health and Rite Aid are pulling all containers of Johnson & Johnson’s 22-ounce baby powder after the FDA found sub-trace amounts of asbestos, the companies confirmed Thursday. “CVS Pharmacy is complying with Johnson & Johnson’s voluntary recall of Johnson’s Baby Powder 22 oz. Walmart, the world’s largest retailer, said it removed

A Barney’s store stands in lower Manhattan on August 06, 2019 in New York City. Until then, Authentic Brands, which owns brands like Aeropostale and Juicy Couture, has tentatively secured a deal to buy Barneys’ intellectual property for $271 million. Authentic Brands has been in talks with Barneys’ landlords about keeping at least one of its stores open, the people familiar with the situation said. Its focus has included Barneys’ best-performing stores, which are on New York City’s Madison Avenu

WeWork a case of ‘gross mismanagement’: Henry Blodget4 Hours AgoWeWork employees brace for layoffs as the founding CEO walks away from the company with $1.7 billion. Business Insider CEO Henry Blodget and Tamara Belinfanti, corporate governance expert, join CNBC’s “Power Lunch” team to break it down.

Not sure Tesla’s profits are sustainable, says energy technology analyst3 Hours AgoTesla reported earnings with a surprising profit. Now, the stock is rallying. Jed Dorsheimer of Canaccord Genuity, Joe Osha of JMP Securities, and Stephanie Link of Nuveen join CNBC’s “Closing Bell” team to talk about what investors should watch and what these profits mean for the leadership of CEO Elon Musk.

Amazon plunges on earnings. Here’s what it means for the market1 Hour AgoHere’s what Amazon’s plunge means for the markets. With CNBC’s Melissa Lee and the Fast Money traders, Tim Seymour, Karen Finerman, Mark Tepper and Guy Adami.

Founder of Amazon as well as space company Blue Origin, Jeff Bezos, speaks about the future of commercial space travel. Check out the companies making headlines in midday trading:Amazon stock plunged more than 7% in after-hours trading after the e-commerce giant reported third-quarter earnings fell short of street expectations. The company reported earnings per share of $4.23 but analysts surveyed by Refinitiv were expecting $4.62. Intel stock jumped more than 3% in extended trading after it bea

Experts are split, but some, including Jim Cramer, liked what they saw in the results that ignited the move. Here’s what they’re saying:Jim Cramer, host of CNBC’s “Mad Money,” said the conference call felt like it was that of a more traditional automaker:”I’ve got to tell you: Ford sounded like Tesla, and Tesla sounded like Ford. This was – I’m not saying it was subdued [CEO] Elon [Musk], but it was a guy who makes cars. That’s one of the reasons why the stock’s [up] so much, because he wasn’t o

Jane Fraser, chief executive officer for Latin American at Citigroup Inc., speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019. Citigroup named Jane Fraser president Thursday, filling a role that has been open since earlier this year and positioning her as a possible successor to CEO Michael Corbat. Corbat said he tapped Fraser for the the role to make sure the bank is well positioned for the next decade and beyond. Bird is leaving C

The grounding of the 737 Max after two fatal crashes continues to drag on, frustrating airline executives as the carriers miss out on close to $1 billion in revenue this year alone. Southwest expects to receive about 75 Max planes from Boeing next year when the grounding is lifted but the timeline is uncertain. “We put our future in the hands of Boeing in the Max and we’re grounded,” Kelly said. Kelly said Southwest, which operates only single-aisle Boeing planes, would consider other types of p

The first Starbucks in sub-Saharan Africa opened in 2016 through a partnership with Starbucks and South Africa’s Taste Holdings. But last November, after opening 12 Starbucks in South Africa, Taste said it would pause the rollout of new stores. Taste is getting back on track, and opened its 13th Starbucks in August, but growth has been slower than expected for Starbucks in South Africa. Those high prices are especially prohibitive in a country like South Africa, where the middle class is small.

Here are the most important things to know about Friday before you hit the door. Digesting AmazonE-commerce giant Amazon reported third-quarter earnings that fell short of street expectations on Thursday after the bell. The results feature sales from Prime Day, where sales surpassed both Black Friday and Cyber Monday combined. It’s revenue came in at $70 billion vs. $68.8 billion, according to analysts surveyed by Refinitiv. We’ll get a read on the health of the consumer on Friday with October’s

The Los Angeles Fire and Police Pension System voted on Thursday to fire Fisher Investments, pulling about $522 million from the money manager. The Los Angeles pension has $24 billion in total assets. “The only explanation is that Mr. Fisher was unable to attend and had business in the office,” Ray Ciranna, general manager of the Los Angeles Fire and Police Pension System, wrote in an email to CNBC. Fisher had $94 billion in assets under management as of Dec. 31, 2018, according to their SEC fil