The “long knives” have been drawn for Facebook after a slew of criticism over its data privacy practices, CNBC’s Jim Cramer said Thursday. Cramer was particularly surprised by Apple CEO Tim Cook‘s recent comments about Facebook’s data leak. Cook criticized the social media company during an interview Wednesday with Recode’s Kara Swisher and MSNBC’s Chris

In the last two days, Tesla shares have fallen 15.3 percent. Such a two-day loss has occurred only six times since the electric car maker’s IPO in 2010. A week after those losses, it returned an average of 3.96 percent, trading positively about 67 percent of the time, according to Kensho, a hedge fund analytics

“In our view, this ship has already sailed. Amazon has been charging sales tax to customers — for its 1P [first party] sales – in all the 45 states that have a statewide sales tax,” Deutsche Bank analyst Lloyd Walmsley wrote in a note to clients Wednesday. “In a way, we think charging sales tax

Here are some of the significant themes that have emerged in the first quarter of dealmaking in 2018. Morgan Stanley unseats Goldman Sachs Morgan Stanley dethroned its rival Goldman Sachs from the top of the world’s M&A rankings in the first quarter of 2018, due to a consistent pipeline of megadeals in the first three

Starbucks’ big expansion into Asia will underperform the company’s guidance, according to one Wall Street firm. Wedbush Securities lowered its rating to neutral from outperform for Starbucks shares, predicting the company’s sales growth will come in below expectations next year. Starbucks management said Jan. 31 that the company’s China business will represent approximately 25 percent

Shares of Acxiom fell by 19 percent Thursday after Facebook ended its partnership with the data broker as result of the social media’s data privacy scandal. As a result, Acxiom warned 2019 revenue could be hit by as much as $25 million. Facebook announced plans Wednesday to shut down its third-party data provider division as

Several states say online retailers should have to collect sales tax, even in those where the companies don’t have a physical presence. The Supreme Court ruled in 1992 that states couldn’t collect sales taxes gathered by mail-order catalog companies unless the firms had a physical presence in a state. South Dakota and several other states

The market has changed. A couple weeks ago, it was all about tariffs and China trade wars. Now, there’s new uncertainty around earnings and how it may impact the market leader, technology. A social media crisis with Facebook that may also affect other social media stocks and Alphabet potentially as well. Driverless-car issues affecting Nvidia

Tesla must quickly improve its Model 3 production rate if it wants to raise critically needed funds from investors at a decent price, according to Morgan Stanley. The firm reiterated its equal weight rating on Tesla shares. The note came a day after the stock declined 8 percent on a negative analyst report and the

Advertisers for the first time must now decide whether putting content on Facebook represents a liability, tech analyst-turned-venture capitalist Gene Munster told CNBC on Wednesday. “I don’t think there’s going to be some huge aversion from Instagram or Facebook. I think that those platforms are going to be around forever,” Munster said in a “Squawk

The tech sector sell-off is not just about Facebook’s data scandal anymore. Several of the market’s favorite technology stocks tanked as investors grew concerned over the companies’ ambitious growth following new developments Tuesday. The NYSE FANG index fell 5.6 percent on Tuesday and is down 6 percent over the last week, its worst showing since

Market turmoil that began in February did little to disturb investor sentiment, which remained at a 17-year high, according to a survey by Wells Fargo and Gallup. Investors remained upbeat about the market, as well as the economy generally and the employment picture more specifically, according to the Wells Fargo/Gallup Investor and Retirement Optimism Index.

Ken James | Bloomberg | Getty Images An employee scans an order in the shipping area at the Overstock.com distribution center in Salt Lake City, Utah. Shares of Overstock.com fell more than 12 percent Tuesday after the company announced its intention to offer 4 million shares of new stock. The e-commerce company said after the

The stock market was rising sharply early Monday in part because the Stormy Daniels interview on “60 Minutes” did not deliver a “knockout blow” to Donald Trump‘s presidency, according to CNBC’s Jim Cramer. Cramer said speculation that Daniels could show evidence about her alleged affair with Trump knocked a couple hundred points on the Dow

AMD and Nvidia will suffer as specialized digital currency mining chips hit the market this year, according to a Wall Street firm. Susquehanna reduced its rating to negative from neutral and lowered its price target for AMD shares, citing impending competition from cryptocurrency mining company Bitmain. “During our travels through Asia last week, we confirmed

Some clients of online broker TD Ameritrade suffered an apparent outage that prevented them from fully accessing their accounts Monday morning. News about the technical issues emerged about an hour before U.S. stocks opened for trading. Tweet Tweet Tweet A TD Ameritrade spokeswoman told CNBC the company “encountered an issue in which clients using our

CNBC’s Jim Cramer welcomed Dropbox’s successful initial public offering on Friday as a reminder that even in a sell-off, good things can still happen. Shares of the cloud-based data storage company closed up over 35 percent after its first day of trading, at $28.48 a share, well above the company’s stated price of $21. “If

When he starts to analyze a company, Cramer likes to look at its recent earnings performance. “In other words, what have they done for you lately?” he said. “In the case of PVH, the trend [is] your friend.” In its last eight quarters, PVH has beat Wall Street’s earnings estimates eight times and topped revenue

The major indexes tried to recover Friday after a massive sell-off in the previous session that briefly sent the Dow into correction territory. The Dow and S&P are now on track for the worst March performance since 2001. The recent selling pressure is putting a dent in many large-cap Dow components, which are now sitting

One Wall Street firm is getting worried about Micron shares after the stock’s surge so far this year. Micron reported better than expected fiscal second-quarter earnings Thursday and gave financial guidance for the next quarter above expectations. But Citi Research is concerned lower flash memory pricing will hurt the chipmaker’s financial results later this year.

China‘s response to President Donald Trump‘s tariffs was so swift that it was actually quite embarrassing for the United States, according to CNBC’s Jim Cramer. Earlier Friday, China announced plans for reciprocal tariffs on 128 U.S. products, including pork, wine, fruit and steel. It came a day after Trump’s announcement of tariffs on up to

Darrell Cronk , president of the Wells Fargo Investment Institute, shared his market and economic outlook — as well as potential areas to invest — in an exclusive interview for CNBC PRO with Mike Santoli. Cronk said that given technology’s strong performance over the last year, investors may be better suited sticking with other cyclical

The market’s recent sharp losses are healthy, and stocks are still in a bull market, technical strategist Katie Stockton told CNBC on Friday. “It’s not often that you see the S&P 500 gap down in the way that it did,” said Stockton, founder and managing partner at Fairlead Strategies. “To me, it’s actually a positive.”

Akio Kon | Bloomberg | Getty Images Zhao Changpeng, chief executive officer of Binance Japan’s Financial Services Agency issued a warning Friday to major cryptocurrency exchange Binance for operating without registration in the country. Hong Kong-based Binance was operating in Japan through the internet without a license for a virtual currency exchange, according to a

Check out which companies are making headlines before the bell: Nike – Nike reported adjusted quarterly profit of 68 cents per share, 15 cents a share above estimates. The athletic apparel and footwear maker’s revenue beat forecasts, as well. Nike’s results were boosted by strong demand in international markets. Micron Technology – Micron came in

Aeronautics, modern rail, and new-energy vehicles are among 10 Chinese industries the U.S. could target for tariffs, U.S. Trade Representative Robert Lighthizer said. Lighthizer provided a list of the industries he is recommending for tariffs to the Senate Committee on Finance on Thursday morning, ahead of the anticipated announcement of tariffs later in the day.

Andrew Harrer | Bloomberg | Getty Images Jerome Powell, chairman of the U.S. Federal Reserve, pauses after speaking during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, D.C., U.S., on Wednesday, March 21, 2018. For years, the Fed had professed to be data dependent when in fact it was basing

Investors’ expectations for three or four rate hikes by the Federal Reserve in 2018 are likely overblown while a bear market in bonds will be gradual and “non-threatening,” influential bond investor Bill Gross said on Thursday. In his latest Investment Outlook piece, Gross, who runs the $2.2 billion Janus Henderson Global Unconstrained Bond Fund, said

One market strategist has a message for investors looking to dip their toes back into the Facebook water in light of its 8 percent skid this week: Too unstable to touch. “The stock right now is no doubt radioactive, and I think it probably faces a tremendous amount of headwinds as we go forward,” Boris

Akio Kon | Bloomberg | Getty Images Daniel Ek, chief executive officer and co-founder of Spotify AB. Since Snap’s IPO a year ago, there’s been a dearth of new offerings to entice millennials. That’s about to change with Spotify and Dropbox slated to soon start trading, and a service for young investors is gearing up