PNC Financial’s Amanda Agati believes stocks have more room to run to fresh all-time highs, but she doesn’t expect an easy run. “The challenge going forward is that all-important month of December,” Agati told CNBC’s “Trading Nation” on Wednesday. “It’s going to be a busy calendar month certainly with the next round of tariffs going into effect mid-month, a U.K. general election coming and certainly impeachment-related news.” Agati estimates the S&P 500 could rise another 3% to 4% by year-end, t

The number of Americans filing applications for unemployment benefits rose to a five-month high last week, but this likely does not signal a shift in labor market conditions as claims for several states were estimated because of Monday’s holiday. Initial claims for state unemployment benefits increased 14,000 to a seasonally adjusted 225,000 for the week ended Nov. 9, the highest reading since June 22, the Labor Department said on Thursday. The Labor Department said claims for California, Hawaii

The big-box retailer said Thursday its e-commerce sales were up 41% during the latest quarter, thanks to a strong grocery business. “We’re making progress on many fronts, but we need to do more and move faster, especially with our assortment including marketplace,” CEO Doug McMillon said in a statement. “Our strength is being driven by food, which is good, but we need even more progress on Walmart.com with general merchandise. We’re committed to progress and building a larger, healthier eCommerc

Facebook has signed a lease at Hudson Yards for more than 1.5 million square feet of office space and plans to move into the new offices next year. The lease includes office space across 30 floors and three buildings in the far West Side neighborhood, Hudson Yards announced Thursday. The lease includes 1.2 million square feet of space at the 1,000-foot-tall tower 50 Hudson Yards, 265,000 square feet in 30 Hudson Yards as well as 57,000 square feet in 55 Hudson Yards. “Hudson Yards offered this a

Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell testifies Thursday on the state of the U.S. economy before the House Budget Committee. Following a cut in late October, the Fed’s benchmark lending rate is in a targeted range between 1.5% and 1.75%. That comes as the result of three rate reductions this year that followed four increases the previous year. In addition to speaking about rates, Powell also said Wednesday that he doesn’t c

Free trading is paying off for brokerage firm Charles Schwab. In the same month the firm dropped trading commissions, Schwab added 142,000 new brokerage accounts, 31% more than the number of new clients added in September and a 7% jump from October of last year. Last month, Schwab stopped charging commission fees for U.S. stocks, ETFs and options trades. Rival brokerage firms E-Trade, Interactive Brokers and TD Ameritrade all experienced increased trading in October, noted Repetto, but none of t

Uber co-founder and director Travis Kalanick sold about $164 million worth of stock this week, after a half a billion dollar sale last week. When Uber’s 180-day restriction on inside and early investor sales ended last week, Kalanick was among the wave of sellers that drove the stock down. Kalanick sold an additional $164 million in shares over a three-day period this week, according to a financial filing submitted to the SEC on Wednesday. Uber’s stock has plummeted to less than $27 per share as

The longest bull market in history is also the best ever. The S&P 500, which eked out a record closing high on Wednesday, has soared 471% in this epic run. Source: The Leuthold GroupThe bull market from 1949 to 1956 scored a 454% gain for the S&P 500, the second biggest return in recent history, the firm said. The explosive bull run in the 1990s saw the S&P 500 rally 391%, while the bull market of 2002–2007 pulled off a 121% gain for the benchmark, according to The Leuthold Group. “I’ve referred

While a statement like this may be common among Wall Street’s bullish Tesla analysts, Credit Suisse remains one of the company’s skeptics. Credit Suisse has had an underweight rating on Tesla shares since the firm began covering the stock in June, with a $200 price target. “Yet to the extent Tesla continues to struggle with the basic ‘blocking and tackling’ of the auto business (i.e., manufacturing, delivery logistics, service), it risks not capitalizing on this opportunity,” Levy said. Credit S

Instead of his current net worth of $160 billion, Amazon CEO Bezos’ fortune would only be worth $52.2 billion had Sanders’ plan been adopted in 1982, according to the website. Bezos would pay about $9 billion in taxes this year alone under Sanders’ proposed wealth tax, more than the net worth of the 50 richest Americans as listed by Forbes. If lawmakers approved his wealth tax, the new levies would halve billionaires’ wealth in 15 years, provided all other factors (like their stock prices or bus

Apple CEO Tim Cook is about to take a victory lap, and President Donald Trump will be following along. Cook and Trump are expected to soon tour a factory in Texas where Apple will be assembling the new Mac Pro, Reuters reported Tuesday. The same goes with Trump’s tour of the Mac Pro factory. It doesn’t matter that the Mac Pro is a minor product for Apple. Trump gets his headline that Apple is building stuff in the U.S.

Earning a college degree is one of the most expensive investments Americans make. Each year, millions of students pay thousands of dollars and take on piles of debt with the understanding that their investment will pay off. Researchers found the median “net present value” for all colleges 10 years after enrollment is $107,000. By 40 years after enrollment, as wages rise throughout graduates’ careers, that net present value reaches $723,000. As CEW researchers put it, “Net present value can be su

Valerie Jarrett knows she’s better at her job when she works with people she can get to know personally. It’s why she hired a then-engaged Michelle Robinson (who after marriage became Michelle Obama) to join the Chicago Mayor’s office in 1991. “When I worked in the White House, the women in the White House started having dinner with one another,” Jarrett tells CNBC Make It. This kind of camaraderie may have helped women succeed in the Obama White House, who were noticeably in the minority during

This story is part of CNBC Make It’s Millennial Money series, which profiles people around the world and details how they earn, spend and save their money. “One day, my dad decided to take all the money,” Ariza tells CNBC Make It. Her house, aggressive savings rate and multiple income streams are meant to ensure that she won’t have to. “The house is something that costs money, but I want to see if I can go ahead and just make it produce money for me.” Miscellaneous: $365Each month, Ariza pays $5

Since launching Airbnb in 2008, CEO Brian Chesky has pretty much heard and seen it all when it comes to customer complaints. They said because the house is haunted and there’s a ghost,” Chesky said at The New York Times DealBook event on Nov. 6. Chesky said he expected the hosts to say there was no ghost and that would be the end of it. “The host confirms the ghost [but] says that it’s a friendly ghost named Stanley and that the ghost is in its listing description,” Chesky said. Sure enough afte

How a 27-year-old making $112,000 outside of Chicago spends her moneyGabriela Ariza, 27, lives in Brookfield, Illinois, and earns $112,000 a year as a cybersecurity specialist and side hustler. This is an installment of CNBC Make It’s Millennial Money series, which profiles people across the U.S. and details how they earn, spend and save their money.

Stacey Abrams is a Yale-trained lawyer, an author and a politician who gained national attention in 2018 when she ran as Georgia’s democratic candidate for governor. “The spreadsheet is how I concretize how I intend to get there,” she told CNBC Make It at The Riveter Summit. “I like to say that until you write down how you plan to get there, it’s just a wish. Abrams said her spreadsheet, which she started as a teen, forces her to think about the direction she needs to take in order to reach a sp

London’s transport authority has launched a trial of an “on-demand” minibus service in the borough of Ealing, in the west of the city. In an announcement Wednesday, Transport for London said the service would operate between 6:00 a.m. and 1:00 a.m., costing £3.50 ($4.50) for a single trip. Transport for London, bus firm RATP and MOIA, a German technology business, are providing the service. Around the world, ride-hailing services such as Didi Chuxing, Uber, Lyft and Ola have become increasingly

Airbus BelugaXL super transporter aircraft arrives for the first time at the company’s wing assembly plant at Broughton, near Chester, Britain February 14, 2019. Airbus’s new BelugaXL aircraft has taken a big step towards full service after being awarded “Type Certification” from the European Aviation Safety Agency (EASA). The super transporter is one of the largest aircraft in existence and is used to airlift completed sections of planes from different manufacturing sites in Europe to Airbus’s

In an era of negative interest rates in Europe, monetary policy should not be geared towards appeasing the banking sector, BNP Paribas Chairman Jean Lemierre has said. European banking chiefs have long bemoaned long-term low and negative interest rates as placing a burdensome squeeze on lenders’ profits, but Lemierre insisted it is the role of banks to adapt to a changing monetary environment. “It is not easy, but our job is to adapt and monetary policy shouldn’t be designed for banks,” Lemierre