It’s true that the trend is your friend, but what happens when there is no trend, and paranoid traders are trying to find cracks in the facade? Wait, working off overbought conditions is generally considered positive —but not in the alternative paranoid universe many stock traders live in. At 2.5 percent, it’s at the lowest level in nearly two weeks. The Bank ETF (KBE) is at the lowest level since early February. I’m not sure, but it’s been a joke for years that bond traders somehow, magically,

Glenn Greenberg of Brave Warrior Advisors, a value investor known for his concentrated bets, said he is long financial shares including JPMorgan, Primerica and Charles Schwab in a rare interview with CNBC’s Kelly Evans. “We made a big bet that normal interest rates would not stay at zero,” said Greenberg. Greenberg started Brave Warrior in 2009 near the start of the bull market after more than two decades at Chieftain Capital Management. “Rates could go a lot higher. Inflation could go a lot hig

U.S. government debt prices were mostly higher on Friday morning as investors eyed several pieces of data. The yield on the benchmark 10-year Treasury note was lower at 2.50 percent, while the yield on the 30-year Treasury bond was lower, at 3.114 percent. Bond yields move inversely to prices.

Nintendo plans to double the production of its Switch console this year due to high demand from consumers, according to a report in the Wall Street Journal. The company will increase production of new gaming console, which went on sale March 3, from 8 million to 16 million by March of 2018, said the report. While sales figures haven’t been released, that production figure appears to be on track to match Nintendo’s record breaking sales of the Wii system, which has sold more than 100 million unit

The White House press secretary was asked if the president “still stands by his allegation that President Obama ordered wiretapping or surveillance on Trump Tower.” “He stands by it,” Spicer told reporters, suggesting that investigations by the House and Senate intelligence committees may not have yielded all relevant information, yet. On Thursday, the bipartisan leaders of the Senate Intelligence Committee said they did not have evidence to support Trump’s claim that Obama wiretapped him ahead

Snapchat’s parent needs to think bigger, says ex-Facebooker turned venture capitalist Thursday, 16 Mar 2017 | 10:32 AM ET | 01:10Chamath Palihapitiya, founder and CEO of venture firm Social Capital, is questioning why Snap is focusing its strategy so narrowly. He said Snapchat’s parent has said it’s going to “focus on that second pillar [saying] ‘we don’t think this is a user growth play. We think it’s a user engagement play.'” On Snap stock, Palihapitiya facetiously said, “I would love to be lo

Pakistan has asked Facebook and Twitter to help identify users in violation of its strict blasphemy laws. Under Pakistani law anyone suspected of blasphemy can be prosecuted and potentially sentenced to death. Authorities in Pakistan have already identified 11 people suspected of blasphemy and would seek the extradition of anyone living abroad. Facebook said it reviews all government requests carefully, “with the goal of protecting the privacy and rights of our users. Twitter did not immediately

Binky Chadha, Deutsche Bank’s chief global strategist, told CNBC PRO that the equity bull market and economic expansion have up to four more years to go. “The historical drivers of productivity are pretty well aligned to get a pickup and a good solid inflection in productivity,” explained Chadha, while listing his reasons for being so bullish. “The U.S. dollar up-cycle has still got another 10 percent to go over the medium term and that will take the edge off inflation and really prolong the cyc

Billionaire investor Howard Marks told CNBC the U.S. stock market and other world markets are fully priced. “We’re in a low-return world. Asset prices are elevated everywhere,” said the co-founder of Oaktree Capital. “One must be cautious.” “I don’t see any pronounced bargains anyplace,” added the investor on international markets vs. the U.S.Marks also commented on:The right time for investors to investWhy bonds are fully priced as wellThe full, unedited interview from CNBC’s “Closing Bell” wit

Value investor Joel Greenblatt told CNBC Apple is one of his biggest positions. “It’s priced as one of the cheapest stocks in the large-cap markets,” said Greenblatt. “It’s being priced as a hardware company, but we don’t see it precisely that way.” The founder of Gotham Capital famously had annual returns of 40 percent from 1985 to 2005. He wrote the New York Times best-seller “The Little Book That Still Beats the Market.”

The security breaches prompted Verizon to negotiate a price reduction, trimming $350 million from the acquisition of Yahoo for a total of $4.48 billion. Yahoo CEO Marissa Mayer agreed to forgo any annual equity award she might get for 2017 because of the massive breach her company suffered in 2014. The Yahoo board also voted to withhold her 2016 annual bonus — usually around $2 million— for the same reason. Under her contract, her equity award is not to be less than $12 million per year. Yahoo’s

Many of the accounts that were hacked have seemed to have taken back control from hackers. A number of Twitter users are claiming that a third party analytics app called Twitter Counter was compromised, which allowed hackers to send out loads of tweets from anyone using that software. A Twitter Counter spokesperson said it was aware of the situation and had begun to investigate. “One thing is important to note – we do not store users’ Twitter account credentials (passwords) nor credit card infor

Top lawmakers on the House Intelligence Committee talked Wednesday about their ongoing investigation into the extent of Russian influence on the 2016 U.S. election. Some lawmakers have also raised concerns about the contacts between people associated with the Trump campaign and Russia, but Trump has called any suggestion of ties a politically charged witch hunt. The House committee, led by chairman Devin Nunes, R-Calif., and ranking member Adam Schiff, D-Calif., will hold a public hearing on its

Top members of the House Intelligence Committee said Wednesday they have seen no evidence to support President Donald Trump’s claim that Trump Tower was wiretapped ahead of the 2016 election. Press secretary Sean Spicer appeared to say that Trump’s “wiretapping” accusation could have meant broader surveillance activities that are not limited to a physical wiretap at Trump Tower. Sessions said he could not comment further because he recused himself from investigations related to the Trump campaig

Dokuchaev and Sushchin paid co-conspirators Alexsey Belan and Karim Baratov to access email accounts, the Justice Department said. Acting Assistant Attorney General Mary McCord said that Belan is a “notorious” criminal hacker — one of the FBI’s most wanted — known for hacking U.S. e-commerce companies. A 2013 attack revealed in December affected more than 1 billion user accounts. In a separate 2014 attack, disclosed in September, information was stolen from at least 500 million user accounts. Ta

After unprecedented cyberattacks rocked Yahoo, one former Yahoo executive told CNBC that a company lawyer, Ronald Bell, “took the hit” for boss Marissa Mayer. “It’s shocking that a … beloved lawyer took the hit for the CEO given all the departments involved,” said the former executive, who spoke on condition of anonymity. Bell resigned March 1, after the board of directors concluded that Yahoo’s legal team did not sufficiently pursue information about the hacks. Communications, mail, engineeri

Oracle reported fiscal third-quarter earnings on Wednesday that beat analysts’ expectations as software revenue popped. “Our new, large, fast-growing, high-margin cloud businesses are driving Oracle’s total revenue and earnings up,” the company’s co-CEO, Safra Catz, said in a statement. Total cloud revenues are now 13 percent of the company’s total sales, up from 8 percent this time last year. Still, Oracle’s on-premise revenues make up 67 percent of the company’s total revenues, down from 70 pe

The overall stock market tends to decline slightly in the week after a hike in interest rates from the Federal Reserve, history shows, as traders weigh the effects of higher borrowing cost on the economy. Shares of certain companies, like those associated with housing, tend to get hit the hardest as investors sell the groups most affected by those higher rates, a study shows. Ahead of Wednesday’s likely decision by the central bank to raise rates, CNBC PRO used hedge fund analytics tool Kensho t

Popular bond investor Jeff Gundlach told CNBC that bank stocks are not a sure bet when the Federal Reserve tightens, as many investors believe. Gundlach, whose calls often move markets, also said he is still short shares of Chipotle Mexican Grill. The full unedited interview with the chief executive officer of DoubleLine Capital is available here for CNBC PRO subscribers only. Gundlach also revealed the following during his interview on CNBC’s “Halftime Report”:

Watch CNBC’s Federal Reserve guest panel react to the central bank’s decision Wednesday to raise rates for the second time in three months. Things got interesting as stocks rallied and bond yields actually went lower immediately following the decision. The panel explains why. To watch the replay of the segment from CNBC’s “Power Lunch” in its entirety, you must be a CNBC PRO subscriber.