Technician: JPMorgan has looked ‘too good’ for much too longCornerstone Macro technician Carter Worth on JPMorgan vs. the world. With CNBC’s Brian Sullivan and the Fast Money traders, Tim Seymour, Lori Calvasina, Dan Nathan and Guy Adami.

J.P. Morgan, Wells Fargo and Citigroup all report quarterly earnings before the bell on Tuesday. Barclays is forecasting J.P. Morgan will report fourth-quarter earnings of $2.30 per share, above the $1.98 per share earned in the same quarter last year. Citigroup will report fourth-quarter earnings of $1.83 per share, according to Barclays. This tops last year’s fourth-quarter earnings of $1.64 per share. Barclays expects Wells Fargo to report earnings per share of $1.08, compared to the $1.21 pe

Shares of GameStop fell more than 8% in extended trading after announcing holiday sales numbers that were down sharply from the previous year and lowering guidance. Cloudera climbed more than 2% in extended trading after it announced a new chief executive officer. Cloudera and Hortonworks merged last year in a deal that valued the combined companies at $5.2 billion. Shares of Visa inched about 0.2% higher after the company announced a deal to acquire Plaid, a fintech firm. Plaid’s technology let

For the first time in Academy Award history, the studio with the most nominations is a streaming service. On Monday, Netflix nabbed 24 nominations for the big awards ceremony, more than any other media company in the industry this year. The streaming service has clashed with creators, theater owners and the Academy. While the film didn’t win, it did pick up the best international feature, best director and best cinematography awards. In December, the streaming service garnered the most Golden Gl

The comments highlight law enforcement’s frustration with encryption technologies that protect data so that neither Apple nor law enforcement can easily read it. So far Apple has not given us any substantive assistance,” Barr said, next to a poster with a picture of the iPhones. When Barr was asked if he was considering a court order to compel Apple to unlock the iPhones, he declined to comment. Last week, an Apple employee focused on privacy who was speaking at a trade show defended Apple’s use

A former U.S. Treasury official pleaded guilty Monday to illegally leaking highly confidential documents about suspicious financial transactions of ex-Trump campaign chief Paul Manafort and others to reporters at BuzzFeed News. The official, Natalie Mayflower Sours Edwards, leaked so-called suspicious activity reports, or SARS, starting in October 2017 about Manafort, his business associate and fellow Trump campaign official Rick Gates, Russian agent Maria Butina, the Russian Embassy in Washingt

A general view of the atmosphere at the Pensacola Naval Air Station following a shooting on December 06, 2019 in Pensacola, Florida. The attack brought fresh complications to U.S.-Saudi relations at a time of heightened tensions between the United States and Iran, Saudi Arabia’s regional rival. Saudi Air Force Second Lieutenant Mohammed Saeed Alshamrani, 21, was fatally shot by a deputy sheriff during the Dec. 6 incident at the facility in Pensacola, Florida. During a news conference, Barr – the

Strategists say the move higher has been due to optimism over China and the global economy now that the trade deal is about to be approved. Emerging market currencies have been moving higher, including the Mexican peso, the Brazilian real, and the Indian rupee. Chandler said strong industrial production and strong retail sales for Germany were helping drive bund yields higher. Chandler said the China deal is helping other currencies. You have Brexit and you have the China deal,” he said.

Payments giant Visa is buying Silicon Valley start-up Plaid in a deal worth $5.3 billion, the companies announced Monday. Plaid’s API software, often referred to as the “plumbing” behind fintech companies, lets start-ups connect to users’ bank accounts. High-profile Plaid customers include popular peer-to-peer payment app Venmo, mobile investing app Robinhood and cryptocurrency exchanges Coinbase and Gemini. Kelly said the Visa deal will help expand its own total addressable market and relations

Tech survey shows surging demand for cloud computingCNBC’s Jon Fortt details the latest from CNBC’s Technology Executive Council which looked at the strategy of some of tech’s biggest players in 2020.

Two fully-electric buses have been introduced to the streets of Glasgow, Scotland, representing the city’s first use of such transport on a commercial route in almost 53 years. It is the first time electric buses for commercial use have run in Scotland’s biggest city since electric trolley buses were taken offline in 1967. In an announcement at the end of last week, operator First Glasgow said funding for the buses came through a £20 million ($25.97 million) Green Economy Fund from SP Energy Net

Despite steady income growth over the last decade, household spending has risen more, recent research shows. A CNBC survey found 21% of Americans say they’d increased their spending in the last year. More from Invest in You:These 3 steps will help you track where your money is goingHope to get rich in 2020 stock market? Step 3: Rein in impulse purchasesImpulse shopping, or what Watts calls “Amazon spending,” is often the worst budget buster. One quick way to put that in check is to sign off of s

Those individuals have incomes that are below a measure the researchers have developed called the Elder Index. The Elder Index measures the basic costs households face and how well they are able to meet those expenses. The tally for the Elder Index varies based on an individual’s or couple’s situation. For those who no longer have to pay a mortgage on their home, the Elder Index is $21,012 annually for an individual and $31,800 for a couple. The report found that more than 4 in 10 older singles

Edwin Marian Johnston hold up a photo of her son US Marine CPL Edward Johnston who died in the bombing of his Lebanon barracks in 1983 outside Federal Court September 7, 2007 in Washington, DC. The Supreme Court on Monday tossed out a decision by a federal appeals court in New York that would have allowed families of those killed in the 1983 attack on U.S. Marine barracks in Beirut, Lebanon, to move forward in collecting claims against Iran’s central bank worth $1.68 billion. The top court sent

Former U.S. Rep. Chris Collins (R-NY) exits federal court on October 1, 2019 in New York City. Federal prosecutors on Monday urged a judge to sentence former Rep. Chris Collins, a New York Republican, later this week to nearly five years in prison in an insider trading case, citing his lies to FBI agents and his apparent efforts to get others to cover up his crime. Both Cameron Collins and Stephen Zarsky pleaded guilty in the case and are due to be sentenced next week. “Collins elected to speak

Kohl’s CEO Michelle Gass says the retailer’s partnership with Amazon is going well, despite Kohl’s reporting dismal holiday sales that cast doubt on the strategy. “I get this question, ‘Is Amazon working?'” “Amazon is working. Kohl’s had said ahead of the 2019 holiday season that a nationwide rollout of the Amazon returns service was going to be a boon for its business. “I’m very confident around where we’re going,” Gass added about Kohl’s 2020 outlook.

Google Cloud’s Thomas Kurian on the future of cloud and GoogleThomas Kurian, CEO of Google Cloud, sits down with CNBC’s Jon Fortt to discuss what cloud computing could look like going forward and the change of leadership at Google.

Philippines’ Taal volcano erupts, forcing thousands to flee3 Hours AgoThe sudden eruption of a Philippine volcano has forced tens of thousands from their homes and grounded 500 flights in the country’s main airport. Red-hot lava gushed out of Taal volcano, and its ash blew 62 miles north to capital Manila, closing its airport. There have been no reports of casualties or major damage so far after the eruption, but thousands of people had to be moved to safety from the danger zone in volcano’s vic

Traders work on the floor of the New York Stock Exchange (NYSE) on November 04, 2019 in New York City. The call pushed Tesla’s stock price above $500 for the first time ever. Abiomed — The pharmaceutical company’s stock tanked more than 14% on the back of disappointing revenue guidance. General Electric — General Electric shares rose 2.7% after an analyst at Deutsche Bank named the company a “catalyst call” short-term buy. Lululemon — Shares of Lululemon jumped more than 3% after the athleisure

The U.S. fiscal deficit topped $1 trillion in 2019, the first time it has passed that level in a calendar year since 2012, according to Treasury Department figures released Monday. The budget shortfall hit $1.02 trillion for the January-to-December period, a 17.1% increase from 2018, which itself had seen a 28.2% jump from the previous year. Rising corporate tax revenue helped lower the pace of increase in the spending gap. If that pace continues it would also lead to a fiscal deficit for 2019-2