Allianz's El-Erian on the looming liquidity issue facing companies because of coronavirus pandemicStocks sank on Wednesday as Wall Street kicked off the second quarter on a sour note amid concerns the coronavirus will keep the economy shut down longer than expected. The closed 973.65 points lower, or 4.4%, at 20,943.51. The slid 4.4% to 2,470.50 along with the , which closed at 7,360.58. The major averages hit their session lows in the final minutes of trading, with the Dow briefly falling more than 1,100 points. 19 hours agoa day agoPresident Donald Trump said Tuesday evening the...…Allianz's El-Erian on the looming liquidity issue facing companies because of coronavirus pandemicStocks sank on Wednesday as Wall Street kicked off the second quarter on a sour note amid concerns the coronavirus will keep the economy shut down longer than expected. The closed 973.65 points lower, or 4.4%, at 20,943.51. The slid 4.4% to 2,470.50 along with the , which closed at 7,360.58. The major averages hit their session lows in the final minutes of trading, with the Dow briefly falling more than 1,100 points. 19 hours agoa day agoPresident Donald Trump said Tuesday evening the...WW…

'This is a bear market at warp speed'—Jim Paulsen on current market conditionsStocks surged on Wednesday after Sen. Bernie Sanders dropped out of the presidential race, relieving some of Wall Street's political concerns amid the economic crisis stemming from the coronavirus.The gained 779.71 points, or 3.4%, to close at 23,433.57. The  climbed 3.4% to 2,749.98 while the  advanced 2.6% to 8,090.90. Hope the U.S. could start to turn a corner on the coronavirus outbreak in the near future also lifted equities. 7 hours agoSome of Sanders' policy proposals, including...…'This is a bear market at warp speed'—Jim Paulsen on current market conditionsStocks surged on Wednesday after Sen. Bernie Sanders dropped out of the presidential race, relieving some of Wall Street's political concerns amid the economic crisis stemming from the coronavirus.The gained 779.71 points, or 3.4%, to close at 23,433.57. The  climbed 3.4% to 2,749.98 while the  advanced 2.6% to 8,090.90. Hope the U.S. could start to turn a corner on the coronavirus outbreak in the near future also lifted equities. 7 hours agoSome of Sanders' policy proposals, including...WW…

Key PointsRobinhood is redesigning some of its app features — most notably ditching its confetti animation —amid scrutiny over the popular stock trading company's so-called gamification of investing.The free-stock trading pioneer, which is gearing up for its public debut, told CNBC the move is an effort to remove the "distraction" from its overall mission to "democratize" investing.a day ago"In the past, we used the same confetti design to celebrate firsts with customers. Those included customers' first trades, their first steps with cash management, and successful referrals of friends and...…Key PointsRobinhood is redesigning some of its app features — most notably ditching its confetti animation —amid scrutiny over the popular stock trading company's so-called gamification of investing.The free-stock trading pioneer, which is gearing up for its public debut, told CNBC the move is an effort to remove the "distraction" from its overall mission to "democratize" investing.a day ago"In the past, we used the same confetti design to celebrate firsts with customers. Those included customers' first trades, their first steps with cash management, and successful referrals of friends and...WW…

Key PointsRobinhood has chosen the as the exchange for its eventual initial public offering, according to sources familiar with the matter.The company has not yet filed officially for the listing.The stock trading app has lowered the barrier to entry for millions of retail investors, setting the stage for one of the .It's unclear if Robinhood has chosen a direct listing or a traditional IPO, sources said. Regardless of the method, Robinhood will file an S-1 with the Securities and Exchange Commission. Typically, it takes about one to two months for companies to make their debut once they...…Key PointsRobinhood has chosen the as the exchange for its eventual initial public offering, according to sources familiar with the matter.The company has not yet filed officially for the listing.The stock trading app has lowered the barrier to entry for millions of retail investors, setting the stage for one of the .It's unclear if Robinhood has chosen a direct listing or a traditional IPO, sources said. Regardless of the method, Robinhood will file an S-1 with the Securities and Exchange Commission. Typically, it takes about one to two months for companies to make their debut once they...WW…

In this articleStocks jump at open amid solid earnings resultsThe Dow Jones Industrial Average climbed slightly to a record on Wednesday as investors digested a new batch of corporate earnings as well as data showing subdued inflation.The 30-stock benchmark finished the volatile session 61.97 points higher, or 0.2%, to a record closing high of 31,437.80. At its low of the day, the blue-chip average fell 150 points. The S&P 500 dipped less than 0.1% to 3,909.88, while the Nasdaq Composite slid 0.3% to 13,972.53 as Amazon, Microsoft and Apple all suffered losses. The S&P 500 and the...…In this articleStocks jump at open amid solid earnings resultsThe Dow Jones Industrial Average climbed slightly to a record on Wednesday as investors digested a new batch of corporate earnings as well as data showing subdued inflation.The 30-stock benchmark finished the volatile session 61.97 points higher, or 0.2%, to a record closing high of 31,437.80. At its low of the day, the blue-chip average fell 150 points. The S&P 500 dipped less than 0.1% to 3,909.88, while the Nasdaq Composite slid 0.3% to 13,972.53 as Amazon, Microsoft and Apple all suffered losses. The S&P 500 and the...WW…

Key PointsPresident Joe Biden said it is unlikely a $15 federal minimum wage provision makes it into the next Covid-19 relief package, hitting pause on a key campaign promise as Democrats in Congress press ahead to pass $1.9 trillion in stimulus without Republican support.Biden said he would push for a stand-alone bill to raise the minimum wage."I put it in but I don't think its going to survive," Biden told CBS' Norah O'Donnell in an interview, a clip of which was posted Friday. "My guess is it will not be in [the stimulus bill]."Democrats in Congress have moved to pass the $1.9 trillion...…Key PointsPresident Joe Biden said it is unlikely a $15 federal minimum wage provision makes it into the next Covid-19 relief package, hitting pause on a key campaign promise as Democrats in Congress press ahead to pass $1.9 trillion in stimulus without Republican support.Biden said he would push for a stand-alone bill to raise the minimum wage."I put it in but I don't think its going to survive," Biden told CBS' Norah O'Donnell in an interview, a clip of which was posted Friday. "My guess is it will not be in [the stimulus bill]."Democrats in Congress have moved to pass the $1.9 trillion...WW…

Key PointsIn this articleRobinhood on Tuesday rolled back more of its trading limitations, now allowing clients to buy up to 100 shares of GameStop. climbed off the lows as the Robinhood changes were announced. Shares of the brick-and-mortar game retailer tanked 60% on Tuesday, bringing its decline to more than 70% this week.5 months agoRobinhood also raised the limits on and and . and G were no longer being restricted. tells clients how many shares and options contracts they can buy for a security.Robinhood clients can now buy 100 shares of GameStop, up from the...…Key PointsIn this articleRobinhood on Tuesday rolled back more of its trading limitations, now allowing clients to buy up to 100 shares of GameStop. climbed off the lows as the Robinhood changes were announced. Shares of the brick-and-mortar game retailer tanked 60% on Tuesday, bringing its decline to more than 70% this week.5 months agoRobinhood also raised the limits on and and . and G were no longer being restricted. tells clients how many shares and options contracts they can buy for a security.Robinhood clients can now buy 100 shares of GameStop, up from the...WW…

In this articleRobinhood limits trades on 50+ stocks, including Beyond Meat, StarbucksRestrictions on Robinhood traders got tighter throughout the day on Friday, only allowing clients to buy a single share of GameStop.The stock trading app also expanded its list of restricted stocks from 13 earlier in the day to 50."The table below shows the maximum number of shares and options contracts to which you can increase your positions," Robinhood wrote. CNBC recreated the table. tells clients how many shares and options contracts they can buy pertaining to a particular security....…In this articleRobinhood limits trades on 50+ stocks, including Beyond Meat, StarbucksRestrictions on Robinhood traders got tighter throughout the day on Friday, only allowing clients to buy a single share of GameStop.The stock trading app also expanded its list of restricted stocks from 13 earlier in the day to 50."The table below shows the maximum number of shares and options contracts to which you can increase your positions," Robinhood wrote. CNBC recreated the table. tells clients how many shares and options contracts they can buy pertaining to a particular security....WW…

Key PointsIn this articleCitron Research, which was forced to close out its short position in amid a frenzy in retail buying, said Friday it will no longer publish short reports and instead will focus on long positions."After 20 years of publishing Citron will no longer publish 'short reports'," the firm said in a tweet. "We will focus on giving long side multibagger opportunities for individual investors."a day agoShort seller and Citron Research founder Andrew Left said earlier this week that after speculative retail traders drove up GameStop's stock, he covered the majority of his...…Key PointsIn this articleCitron Research, which was forced to close out its short position in amid a frenzy in retail buying, said Friday it will no longer publish short reports and instead will focus on long positions."After 20 years of publishing Citron will no longer publish 'short reports'," the firm said in a tweet. "We will focus on giving long side multibagger opportunities for individual investors."a day agoShort seller and Citron Research founder Andrew Left said earlier this week that after speculative retail traders drove up GameStop's stock, he covered the majority of his...WW…

Key PointsIn this articleRobinhood, Interactive Brokers restrict trading in GameStop stock and optionsRetail brokerages restricted trading on Thursday in and other stocks caught in a frenzy that has captivated Wall Street and caused big losses for hedge funds.Free-stock trading pioneer Robinhood and Interactive Brokers said that in some cases, investors would be able to sell only their positions and not open new ones. Both brokerages raised margin requirements on certain securities.Robinhood told clients in a blog post that it would close out some positions automatically if the client was...…Key PointsIn this articleRobinhood, Interactive Brokers restrict trading in GameStop stock and optionsRetail brokerages restricted trading on Thursday in and other stocks caught in a frenzy that has captivated Wall Street and caused big losses for hedge funds.Free-stock trading pioneer Robinhood and Interactive Brokers said that in some cases, investors would be able to sell only their positions and not open new ones. Both brokerages raised margin requirements on certain securities.Robinhood told clients in a blog post that it would close out some positions automatically if the client was...WW…