Top stock picks to buy the S&P 500 dip

The S&P 500 – down about 20% so far this year – is on pace for its worst first half of the year since 1970. But fund manager Robert Luna believes it could be primed for a rally. “It’s definitely time for a rally talk because there’s a lot of pessimism out there right now, … Read more

Starbucks’ North American head to leave the company as chain shakes up leadership

A pedestrian carries a Starbucks branded cup in San Francisco, California, US, on Thursday, April 28, 2022. Starbucks Corp. David Paul Morris | Bloomberg | Getty Images Starbucks’ North American president Rossann Williams is leaving the company and will be replaced by the head of the coffee chain’s Asia Pacific division. The announcement Friday marks … Read more

Company threatens that unionizing could jeopardize gender-affirming health care

A protester waves a sign near the Country Club Plaza Starbucks store where dozens of Starbucks employees and union supporters protested alleged anti-union tactics by the company Thursday, March 3, 2022. Jill Toyoshiba | Tribune News Service | Getty Images Starbucks is telling its baristas that unionizing could jeopardize the gender-affirming health care coverage for … Read more

Buffett disciple Mohnish Pabrai names his favorite investing books

Looking to invest in stocks with long-term value? Veteran investor Mohnish Pabrai has two books to recommend. Speaking to CNBC Pro Talks, Pabrai – a value investor and disciple of billionaire Warren Buffett – said that “100 to 1 in the Stock Market” is an “extremely well-written” book. Authored by Thomas Phelps and originally published … Read more

Target and Microsoft may be just the beginning of a worrisome earnings trend

Target is unlikely to be the only company with a bullseye on it during the upcoming earnings season. The retailer Tuesday warned for the second time in less than a month that its profits would take a hit from an inventory glut. The new guidance comes just days after Microsoft, in another high profile warning, … Read more

Starbucks is looking externally for its next CEO, Howard Schultz says

Starbucks Chairman and CEO Howard Schultz speaks at the Annual Meeting of Shareholders in Seattle, Washington on March 22, 2017. Jason Redmond | AFP | Getty Images Starbucks’ next CEO will come from outside the company, interim leader Howard Schultz told The Wall Street Journal. Schultz returned for his third stint in the top job … Read more

Spirit Airlines, Didi Global and more

Take a look at some of the biggest movers in the premarket: Spirit Airlines (SAVE) – Spirit jumped 6.1% in the premarket after JetBlue (JBLU) sweetened its bid for Spirit. JetBlue will increase its breakup fee for the deal to $ 350 million and pay part of that as a dividend if the deal is … Read more

Union claims Starbucks illegally closing cafe to retaliate, Bloomberg reports

A pro-union poster is seen on a lamp pole outside Starbucks’ Broadway and Denny location in Seattle’s Seattle’s Capitol Hill neighborhood on March 22, 2022. Toby Scott | Sopa Images | Lightrocket | Getty Images The workers union at Starbucks is claiming the coffee chain is shutting down a recently unionized cafe in retaliation for … Read more

Autoworker union accuses GM’s joint venture of denying access for organizing

Striking United Auto Workers members and supporters attend a speech by Vermont Sen. Bernie Sanders outside General Motors’ Detroit-Hamtramck Assembly plant on Sept. 25, 2019 in Detroit. Michael Wayland / CNBC DETROIT – The United Auto Workers union is accusing a new General Motors joint venture of denying access to workers to conduct a preliminary … Read more

Insider buying is surging. What investors need to know, and why it may not signal a market bottom

Stock buying by corporate insiders has risen sharply in May, but retail investors may want to hold out a little longer before following their lead. Through May 23, the ratio of insider buy to sell value was at its highest monthly level since March 2020, according to data from The Washington Service. The number of … Read more