Jim Cramer says Apple and General Electric ’embraced radical transparency'”It’s easy to assume everyone in this business is totally cynical, but taking that approach kept you out of some monster gains in Apple and in GE,” CNBC’s Jim Cramer says.

In a statement to NBC News and CNBC on Wednesday evening, Wells Fargo confirmed that it would no longer participate. “We have reviewed this matter carefully and have decided to no longer support Step Up for Students,” the San Francisco-based bank said of the voucher program. In a tweet to a Florida lawmaker Tuesday, Fifth Third Bank, based in Cincinnati, said it has told officials with the voucher program that it will also stop participating. “That means at least 14 percent of Florida’s nearly 1

Kobe Bryant and daughter Gianna Bryant attend a basketball game between the Los Angeles Lakers and the Dallas Mavericks at Staples Center on December 29, 2019 in Los Angeles, California. Kobe Bryant’s wife of nearly 20 years broke her silence Wednesday on the death of her husband and their 13-year-old daughter, Gianna, in a heartbreaking Instagram post. Vanessa Bryant said she and her three surviving daughters have been “completely devastated.” Vanessa and Kobe Bryant married in 2001, and would

Cryptocurrency exchange operator Coinbase has opened new custody operations in Dublin to help its non-U.S. institutional clients store their assets. Mostly known for its retail investment platform, Coinbase has been making an institutional push over the years, selling professional trading and custody services to institutional investors with deeper pockets. The company on Wednesday announced that it would set up Coinbase Custody International, a new entity based in the Irish capital, to further e

Barstool Sports founder David Portnoy told CNBC on Wednesday he has his eyes set on owning a sports team after the sports and pop culture blog landed a nine-figure partnership with Penn National Gaming. The deal “is so big, I’m trying to get to, like, buy [a] sports team-type mogul,” he said in an interview with Jim Cramer, appearing alongside Barstool CEO Erika Nardini and Penn National CEO Jay Snowden on “Mad Money.” Penn National, an operator of 41 casinos across 19 states, inked a partnershi

AT&T: “You know, I didn’t think the quarter was nearly as bad as the stock reacted. The stock’s down $1.50, yields 5.6%. I think the yield’s safe. Amarin Corp.: “Count me as a speculative buyer.” LyondellBasell Industries: “I would be a buyer.”

CNBC’s Jim Cramer said Wednesday that investors can miss out on gains when companies have “embraced radical transparency” and investors fail to see the truth for what it is. Apple stock, he pointed out, tumbled 36% over the course of two months after executives updated their reporting metrics in late 2018. On Tuesday, Apple revealed that iPhone revenue topped estimates by more than $4 billion in its most recent quarter. “Turns out Apple wasn’t trying to be opaque at all when they changed the way

CNBC’s Jim Cramer broke down why investors must take a chance on a stock when the chief executive of the underlying company is being transparent. The “Mad Money” host sat down with the heads of Penn National Gaming and Barstool Sports to discuss the two companies’ bet on sports gambling. “It’s easy to assume everyone in this business is totally cynical, but taking that approach kept you out of some monster gains in and in ,” the “Mad Money” host said. Penn National bets on BarstoolFrom left: Dav

On an earnings call to discuss the Q4 report, retail and institutional investors asked CEO Elon Musk if it may not be a perfect time to raise more capital. They suggested Tesla could raise easily at favorable rates now, either to pay down its debts, or to accelerate the company’s progress on new products and factories. The Tesla CEO said, “We’re spending money as quickly as we can spend it sensibly.” Instead, he said, Tesla will be focusing on increasing battery production capacity and lowering

Facebook on Wednesday reported its fourth-quarter earnings with a new metric that showed that the company still relies almost entirely on its core app to generate revenue. If the rest of the Facebook family members were contributing meaningfully to the top line, the family of apps ARPU would be greater, not less, than its core app ARPU. The new family of apps ARPU metric will be a key figure for investors to keep an eye on, but the revelation is hardly surprising. As for Facebook’s Oculus and Po

Overwatch League owner Blizzard Entertainment has canceled league matches in China through March, citing concerns over the novel coronavirus in the region. The announcement comes after multiple other esports events, including the start of two League of Legends leagues, were halted. “We hope fans have a safe and happy Lunar New Year, and we remain incredibly excited to play Overwatch league matches in China later this season.” The Overwatch League is scheduled to kick off on Feb. 8 in New York an

Though it has looked like last year’s recession scare was a false alarm, the bond market is close to sending another signal about a downturn. The yield curve, or the spread between bonds of various maturities, is tightening again, with the gap between the three-month and 10-year Treasury notes less than 5 basis points Wednesday. When the three-month tops the benchmark 10-year yield, that’s called an inverted yield curve and has been a strong sign since 1950 that a recession is coming in the next

Traders work on the floor of the New York Stock Exchange (NYSE) on February 6, 2018 in New York City. Spencer Platt | Getty Images News | Getty ImagesDow Jones Industrial Average rises 11 pointsThe Dow climbed 11.60 points, or 0.04%, to 28,734.45. Investors digested better-than-expected earnings along with no surprises from the Federal Reserve. Earnings and FedApple led a parade of companies that reported better-than-expected earnings, including General Electric, Dow and McDonald’s. General Elec

White House trade adviser Peter Navarro listens to a news conference about a presidential executive order relating to military veterans outside of the West Wing of the White House in Washington, March 4, 2019. White House trade advisor Peter Navarro pushed back Wednesday against the idea that the U.S. would remove tariffs on Chinese imports if the deadly coronavirus begins to weigh on China’s economy. The U.S. Senate approved the United States-Mexico-Canada Agreement on Jan. 16, one day after Tr

Facebook about to report earnings, and chart flags key level to watchMatt Maley, chief market strategist at Miller Tabak, and Nancy Tengler, chief investment officer at Laffer|Tengler Investments, look ahead to Facebook’s earnings report with CNBC’s Seema Mody.

Now, as the stock falls, there’s one key level in the charts that investors should be watching, said Matt Maley, chief market strategist at Miller Tabak. “The last couple times that the stock’s rolled over in the last two years, it’s seen pretty big corrections of anywhere from 14 to 40%,” the strategist said, adding that Facebook shares could “easily” fall 10% before reaching any kind of support. Speaking in the same “Trading Nation” interview, Tengler said she wanted Facebook to update investo

With the Powerball jackpot close to $400 million for Wednesday night’s drawing, you may be daydreaming about what you would do if you win. For this $394 million jackpot, the cash option — which most winners choose instead of a 30-year annuity — is $274.6 million. A group of 23 coworkers in New York won a $437 million Mega Millions jackpot in January 2019. Contrast that with David Johnson, a 56-year-old truck driver from Brooklyn, New York, who wasted no time quitting his job when he won a $298.3

U.S. agencies said Wednesday that the flight carrying U.S. citizens evacuated from Wuhan, the epicenter of the coronavirus outbreak, safely arrived in California. The Centers for Disease Control and Prevention announced Wednesday the flight landed at the March Air Reserve Base in Riverside, California. The government-chartered flight departed from Wuhan Tianhe International Airport and touched down in Anchorage, Alaska, to refuel before continuing on to California. The CDC said all passengers ha

UPS has placed an order for 10,000 electric vehicles from U.K.-based start-up Arrival, with the logistics giant’s venture capital arm also investing an undisclosed amount in the firm. “Electric vehicles form a cornerstone to our sustainable urban delivery strategies,” Juan Perez, chief information and engineering officer at UPS, said in a statement. “Taking an active investment role in Arrival enables UPS to collaborate in the design and production of the world’s most advanced electric delivery

Peter Navarro on USMCA trade dealPeter Navarro, White House director of the Office of Trade and Manufacturing Policy, discusses the US-Mexico-Canada trade deal in an exclusive interview with CNBC.