Tourists take a picture with the market bull near the New York Stock Exchange in New York City. For decades investing legend Bob Farrell was a top Wall Street strategist known for predicting changes in overall stock market direction. Farrell, 88, was the chief stock market analyst and senior investment advisor at Merrill Lynch, where he worked for 45 years. His 10 trusty rules are still passed around on Wall Street and ring true to the current bull market, which marks the longest expansion in U.

“Throughout my whole working life it’s been, I have to make money so I don’t have to ask my parents for money,” says Jenny. I’m making six figures, of course I’m going to support them. “I’m making six figures, of course I’m going to support them.” Her father took most of the money, Sarah says, along with the house, leaving her mother with virtually no safety net. “As of now, economically speaking, I don’t see it being possible for her to step out on her own and plan for retirement,” Howard tells

Hospitality group OTG CEO on partnering with Starbucks to improve airport experienceRick Blatstein, CEO of airport hospitality group OTG, joins “Squawk on the Street” to discuss the company’s recently announced partnership with Starbucks to reimagine the customer experience across the country.

The Federal Reserve is “closely monitoring” the coronavirus, its impact on China and the effect that it could have on global economic growth, Chairman Jerome Powell said Tuesday. In his semiannual testimony before Congress, Powell said the new threat comes just as trade uncertainties have diminished, though the U.S. economy appears “resilient” to global headwinds. Despite the threat from the virus, he said Fed policy is well positioned after a series of rate cuts in 2019. He did, though, express

Vermont Sen. Bernie Sanders is favored to win the New Hampshire Democratic primary Tuesday, but markets give him low odds of winning the White House and are betting on a victory by President Donald Trump. Analysts said the primary will be important, however, because it could add some clarity to the path of moderate candidates running against the left-leaning Sanders. It may also give an early look at where former New York Mayor Michael Bloomberg might fit in, once he joins primary races on Super

And as the underlying level of reserves rises due to our bill purchases, the need for repo will decline. – Franck10:34 am: Dow hits recordThe Dow just joined the S&P 500 and the Nasdaq Composite at record levels, up more than 130 points to session highs. -Melloy9:30 am: Stocks open higherThe Dow Jones Industrial Average opened up 0.42% or more than 120 points on Tuesday. The S&P 500 rose 0.43% or 14 points and the Nasdaq Composite rose 50 points at the open. —Cox8:05 am: Dow set to rise more tha

Retail mogul Yusaku Maezawa has launched another competition, offering to invest a total of 10 billion Japanese yen ($91 million) in the businesses of 10 entrepreneurs. Any proposals which don’t pass the screening stage would be notified of the result with written comment from Maezawa, the website stated. In separate tweets, Maezawa explained that the 1 billion Japanese yen was just a guide of investment per business and that the “Maezawa fund” could allocate as much as 3 billion yen to each com

Italian-backed GKSD confirmed Tuesday that it could bid for the United Arab Emirates’ largest private health care company, but KKR promptly ruled itself out, sending NMC’s shares 17% lower. In a separate announcement, NMC Health said a legal review was underway to verify the total interests in the company of major shareholder B.R. Shetty and his associated family members and holding companies, amid concerns over incorrect disclosures to both the company and the market. NMC Health has been under

Beyond Meat “Beyond Burger” patties made from plant-based substitutes for meat products sit on a shelf for sale on November 15, 2019 in New York City. Prince Khaled’s father is Prince Alwaleed bin Talal, the Saudi billionaire investor and chairman of Kingdom Holding, who has often been described as Saudi Arabia’s Warren Buffett. Alternative meat companies like Los Angeles-based Beyond Meat are grabbing headlines and generating shareholder returns. Beyond Meat, which specializes in plant-based me

The U.K. government has signed off on a high-speed rail line that was first announced more than a decade ago. HS1 is Britain’s only current high-speed rail track linking London to the Channel Tunnel, which connects the country to France. A second stage of the line will connect Birmingham to Leeds and Manchester, but would not be completed before 2035. Rukin said the rising costs of the project were always known by people who were likely to gain government contracts to build the line. “People wit

German online bank N26 has told customers it’s pulling out of the U.K. because it won’t have a license to operate there after Brexit. At the time, N26 CEO Valentin Stalf told CNBC the move was a “no-brainer for us, independent of Brexit.” “Therefore, we are writing to share the news that we will be leaving the U.K. and closing all accounts.” When it arrived in the U.K., the country was already home to a multitude of banking start-ups including Monzo, Revolut and Starling. Overall, the neobank ha

Jeff Bezos continues to cash out his Amazon shares. The Amazon CEO sold $579.8 million worth of shares on Friday, according to filings with the Securities and Exchange Commission. That’s after he sold $1.65 billion worth of shares last Tuesday and Wednesday, as well as unloaded $1.8 billion worth of shares between Jan. 31 and Feb. 3, according to SEC filings. That means he’s sold roughly $4.1 billion shares in the past week. Last August, Bezos sold about $2.8 billion worth of Amazon shares.

— Lovelace10:16 am: WHO officials hold press conference at Geneva research forumWorld Health Organization officials are holding a press conference to update the public on the coronavirus outbreak, which has killed more people than SARS. Watch the live press conference here. — Will FeuerA shop assistant restocks boxes of masks following the outbreak of a new coronavirus, in Hong Kong, China February 1, 2020. Watch the live press conference here. — Bursztynsky8 am: Wall Street shrugs off coronavir

Former longtime CNBC correspondent and anchor Michelle Caruso-Cabrera has launched a challenge in the Democratic primary against freshman firebrand Rep. Alexandria Ocasio-Cortez of New York. She will take a leave from her role as CNBC contributor for the duration of the campaign, a CNBC spokesperson said. According to a filing late Monday, she will run as a Democrat in that party’s primary in the 14th District. Caruso-Cabrera spent more than 20 years with CNBC, serving as a co-anchor for “Power

Shares of Sprint soared Tuesday after a U.S. District judge ruled in favor of its $26 billion deal to merge with T-Mobile. The judge laid out three points on which the court rejected the states’ objections to the merger. Second, the court rejected that Sprint would be able to continue operating effectively as a wireless services competitor without the merger. Legere had been expected to step down once the company’s merger with Sprint was completed. Sprint and T-Mobile had initially said Legere w

China’s central bank said on Tuesday it has approved an application by Mastercard’s China joint venture to conduct bank card clearing operations in the country. The decision, made with China’s banking regulator, is part of efforts to open up China’s financial industry, the People’s Bank of China said in a statement on its website.

Energy-related carbon dioxide (CO2) emissions “flatlined” last year, according to new data from the International Energy Agency (IEA). Global emissions remained at approximately 33 gigatonnes (Gt) in 2019 despite the world economy growing by 2.9%, the IEA said Tuesday. Breaking some of the figures down, the U.S. saw energy-related CO2 emissions drop by 140 million tons — just under 3% — to 4.8 Gt, nearly 1 Gt lower than their peak in 2000. The European Union saw emissions decline by 160 million

Michael Milken attends Prostate Cancer Foundation’s Dinner At Daniel on November 19, 2019 at Daniel in New York City. Upward mobility is becoming a global challenge that may be related to the technological revolution, according to the chairman of the Milken Institute. Social mobility refers to how easy or difficult it is for someone to rise to a higher social or economic position. “This is a challenge, not just for the United States, but for the world,” he added. Milken then described how the te

The British government wants its financial center, known as the City of London, to have permanent access to the European market once the Brexit transition period is over, according to the Financial Times. A negotiating paper, caught by a long-lens camera, showed Monday that the government is looking to get a “comprehensive, permanent equivalence decisions” for its financial industry, according to the report. This would mean that the EU would grant market access in specified activities provided t

Mary Lou McDonald (C), President of Sinn Fein and Eoin O’Broin (L) of Sinn Fein greet supporters in Dublin City Centre on February 10, 2020 in Dublin, Ireland. Nationalist Irish party Sinn Fein’s likely ambition to reunify Ireland, and the possible societal, political and economic ramifications of that could be a risk to the country’s economy, according to an economist. “The first is that the increased influence of SF (Sinn Fein) means that Ireland runs much looser fiscal policy, which could lea