Bank of America has proven to be a steady stock option, both in the short term and in the long term. A $1,000 investment made in 2009 would be worth more than $2,600 as of Dec. 18, 2019, for a total return of around 160%, according to CNBC calculations. By comparison, in the same time frame, the S&P 500 had a total return of around 255%. CNBC: Bank of America’s stock as of December. Although Bank of America’s stock has seen success over the years, the company has faced challenges as a business.

Geico, the auto insurer owned by Berkshire Hathaway Inc, on Monday named Todd Combs, one of Warren Buffett’s portfolio managers, as its chief executive officer, adding new responsibilities for a man widely seen as a potential successor to Buffett. “Warren Buffett has talked about the overlap between being a good investor and a good businessperson,” Shields said. Combs is nine years younger than Berkshire Vice Chairman Greg Abel, widely considered a top candidate to succeed Buffett, 89, as Berksh

The introduction of 5G-compatible iPhones in 2020 will keep alive a “supercycle” for Apple’s stock, Wedbush analyst Dan Ives told CNBC on Monday. “We’re only halfway there through what I believe is a supercycle,” Ives said on “Squawk Box.” Many analysts expect that a 5G iPhone will reignite slumping phone sales that resulted from users holding onto their older models longer. Ives’ belief that 5G iPhones will drive Apple’s stock higher next year is not universally shared. Loup Ventures managing p

Walgreens and its investors won’t look back on the stock’s 2019 performance with much fondness. The stock is down nearly 15% this year, but there are reasons to believe a turnaround is on the horizon. The stock has climbed nearly 12% since July, and its dividend yield of a little more than 3% means that things haven’t been all bad for investors in the back half of the year. Plus, Carter Worth, Cornerstone Macro’s head of technical analysis, says the stock is about to get a lot more attractive. ”

If I look at investment grade corporate bonds, they’re up about 10% year-to-date,” said Kevin Mahn, CIO and president of Hennion and Walsh. Duensing said 2020 should continue to see strong demand for U.S. corporate bonds from overseas investors. Yields move opposite price, so as prices rose on corporate debt, the spreads “tightened,” as yields moved closer to Treasury yields of the similar duration. She said corporate bonds are highly liquid and in strong demand. About half of investment grade c

A man holds up a smartphone with the Uber app visible on screen, as taxis queue in the background on June 4, 2019. A New York state judge on Monday ruled in favor of Uber in a lawsuit against New York City, striking down a new rule limiting how much time drivers for ride-hailing services can spend cruising streets in busy areas of Manhattan without passengers. Judge Lyle Frank of the Supreme Court of State of New York in his decision called the city’s cruising cap “arbitrary and capricious.” New

JOHANNES EISELE / AFP / Getty ImagesAmerica’s wealthy are showing increased levels of anxiety about the economy and stock market headed into 2020, but overall sentiment from the wealthy remains baseline optimistic. Most millionaires do not expect big things, or the U.S. economy going over a cliff, in the next year, according to the results of the new CNBC Millionaire Survey. The CNBC Millionaire Survey for the Fall 2019 was conducted in November among 700 people with investable assets of $1 mill

J.P. Morgan raised its rating on 3M shares to neutral from underweight on Monday, saying the industrial conglomerate “is not that bad” of an investment any more. Shares of 3M rose 1.6% in trading from its previous close of $175.37. The 3M upgrade comes from J.P. Morgan analyst Stephen Tusa, widely considered the top industrials analyst on Wall Street. He especially gained a following after his early warnings regarding General Electric came true.

Columbia Pictures | SonyIt’s the biggest week of the year for movie theater owners. Bagby said in 2015, the company made 10% of its annual box office during that one holiday week. Theater owners are particularly optimistic this holiday season because of the wide array of films that will be available. As of Sunday, the U.S. box office had tallied around $10.83 billion in ticket sales, about $1 billion shy of 2018’s total. With a traditional holiday turnout, the box office should end the year just

But for investors looking for ways to beat the market, Goldman Sachs has a portfolio that it expects to triple the market’s return in 2020. The bank is recommending clients stocks with high Sharpe ratios, a measure of a stock’s performance relative to its volatility. The portfolio has a track record of beating the market, Goldman said. It has outpaced the S&P 500’s return by 5.7 percentage points on average during the last 20 years, and it outperformed the market by 4 percentage points this year

Force 1 x Colin Kaepernick shoe. NikeNike’s new “True to 7” shoe with former NFL quarterback Colin Kaepernick has already sold out on the first day of its North American release, according to the company’s website. Force 1 x Colin Kaepernick shoe. In September 2018, Nike included Kaepernick as one of the faces of Nike’s 30th anniversary “Just Do It” ad campaign. Force 1 x Colin Kaepernick shoe.

Daniel Acker | Bloomberg | Getty ImagesDETROIT – General Motors, Ford Motor and other automakers in the past year cut thousands of jobs and shuttered factories as industry vehicle sales slow and fears of an economic slowdown pick up. No one is forecasting an industry downturn comparable to when vehicle sales dropped below 11 million in the U.S. in 2009. Global vehicle sales also are expected to fall by about 3.1 million in 2019 – the steepest year-over-year decline since the financial crisis a d

The sheer number of podcasts being made right now, it can be hard figuring out where to start. To make things easy, we’ve chronologically catalogued the best podcast releases of 2019 — based on their first episode — so you can check out the best of the best based on timeliness. Polygon Essentials is a collection of persistently updated lists of the best of the best games for each platform — from the hardware’s launch to its end of production — as well as the best entertainment across virtually e

Kristalina Georgieva, managing director of the International Monetary Fund (IMF), speaks at a discussion during the annual meetings of the IMF and World Bank Group in Washington, D.C., on Wednesday, Oct. 16, 2019.International Monetary Fund (IMF) Managing Director Kristalina Georgieva has welcomed the end of the use of a long-disputed currency tied to French colonialism in West Africa. At a press conference in Abidjan on Saturday, French President Emmanuel Macron and Ivorian President Alassane O

Troy Prince, founder, Wall Street Bound Source: Troy PrinceWhen Troy Prince landed on Wall Street, he soon realized that most of his coworkers didn’t look like the people he grew up with in his Bronx, New York, neighborhood. In fact, while he only grew up 13 miles away from Wall Street, “it might have well been the moon,” he said. Troy Prince Wall Street Bound”This is ‘the land of opportunity,'” Prince said. There, you can see what is available in the form of training or what connections can be

The company applies the “Amazon’s Choice” badge to some products that are unsafe, mislabeled and violate its own policies, a Wall Street Journal investigation has found. In other cases, “Amazon’s Choice” listings were manipulated with specific keywords that would ensure they’d be included in the recommendation engine. The company has faced growing concerns that the “Amazon’s Choice” badge could be used to promote low-quality items. The Wall Street Journal report is the latest to show how Amazon

Wall Street’s biggest Apple bull is getting even more bullish on the stock. Wedbush’s Dan Ives raised his price target on the tech giant to $350 a share — 25% higher than where the stock currently trades — since 2020 will be the “year of the 5G supercycle.” Ives said Apple is putting the “finishing touches” on what has been a “historic” year for the company, which will serve as a “launching pad for 2020” for the next generation iPhone.

Cramer: Boeing had to get Muilenburg out to get the process goingNews broke Monday morning before the bell that Boeing CEO Dennis Muilenburg will step down immediately to be replaced by CFO Greg Smith as interim CEO. CNBC’s Jim Cramer joins ‘Squawk on the Street’ by phone to discuss.

Yet it isn’t too late to make some moves to improve your finances before the new year starts. Here are seven financial strategies that can improve your financial outlook before you ring in the new year. “Rather than wing it, there is real data that can be compiled and looked at to get control of your financial life,” he said. “Realize how much you have blown your holiday budget so that when you are doing your 2020 planning, you have a figure to work with and can get ahead of it,” said Braxton. C

“Due to the changes in production schedules as well as commentary by both the supply base and airlines, we are now estimating that the global average (North American and other regions) return to service (RTS) of the 737 MAX will be May 2020 (vs. March 2020 previously).” J.P. Morgan upgraded the stock to neutral noting a shift toward “fundamentals” but said that litigation over PFAS would remain a concern. PFAS, or per-and poly-fluoroalkyl substances, are a group of synthetic chemicals that have