Wells Fargo sees a modest overall market rise in 2021, but big gains for these ‘Covid beta’ stocks

Ralph Lauren signage is seen on the window of a store on Prince Street in New York. Michael Nagle | Bloomberg | Getty Images (This story is for CNBC Pro subscribers only.) Wells Fargo only expects marginal gains for the overall market next year, but a handful of stocks are poised for strong outperformance. Source … Read more

Data giant S&P Global to buy IHS Markit for $44 billion in the largest deal of 2020

An image of London’s skyline, taken during the evening. Prisma by Dukas | Universal Images Group | Getty Images Data giant S&P Global has agreed to buy IHS Markit in a deal worth $44 billion that will be 2020’s biggest merger, creating a heavyweight in the increasingly competitive market in financial information. The mega-deal, which … Read more

Stocks making the biggest moves in the premarket: Boeing, GE, Blackstone, First Solar & more

Blackstone warns of a ‘lost decade’ where stock market returns are ‘anemic’

Blackstone Group’s logo on display during the opening of the company’s new office in Singapore. Munshi Ahmed | Bloomberg | Getty Images The coming years could be a “lost decade” for equity returns as companies struggle to grow their earnings, Blackstone’s Executive Vice Chairman, Tony James, told CNBC on Wednesday. James, who’s attending the virtual … Read more