CNBC’s Jim Cramer said Friday he’s done with fossil fuel stocks because young investor’s concerns about climate change are holding them down. On “Squawk Box,” Cramer compared oil and other fossil fuel stocks to the sigma attached to investing in tobacco companies, saying they are in the “death knell phase.” He added, ”They’re tobacco. I think
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Four technology giants now sit on top of the list of most valuable U.S. companies, each worth more than $1 trillion — and there’s a familiar theme to each of their stories. Apple, Amazon, Microsoft and Google-parent Alphabet have all looked to services and cloud businesses for growth in the past couple of years. In
David Solomon, Goldman Sachs Adam Galica | CNBC Coming soon to your smartphone: a Goldman Sachs digital checking account. The bank is working to release a digital wealth management tool this year and a checking account in 2021, Goldman executive Eric Lane said Wednesday at the New York-based bank’s first investor day. “We aspire to
Tesla CEO Elon Musk and Shanghai’s Mayor Ying Yong attend the Tesla Shanghai Gigafactory groundbreaking ceremony in Shanghai, China January 7, 2019. Aly Song | Reuters Investors betting against Elon Musk’s electric-auto maker Tesla collectively lost more than $1 billion-plus on Thursday as the company’s stock rocketed higher after its better-than-expected earnings report. Tesla popped
Elon Musk Jim Watson | AFP | Getty Images Tesla CEO Elon Musk doesn’t have a lot of love for Wall Street – a fact he often mentions, including on Wednesday night’s earnings conference call. To begin with, Musk’s company hosts an nontraditional quarterly call with shareholders: After making a short statement about Tesla’s results,