Famed economist Mohamed El-Erian says he bought some bitcoin a few years ago — but misjudged when to sell due to “behavioral mistakes.” The Allianz chief economic advisor revealed he purchased an unspecified amount of bitcoin in the “crypto winter” of 2018, when the world’s largest digital coin plunged close to $3,000 after a monster
Finance
In this article TSLA CRWD DLTR Boeing 777, American Airlines. Massimo Insabato | Mondadori Portfolio | Getty Images Check out the companies making headlines in midday trading. Boeing — Shares of the jet maker jumped more than 5% after a company executive said Sunday it’s “getting close” to resuming deliveries of its 787 Dreamliner, after suspending
Take a look at some of the biggest movers in the premarket: Oatly (OTLY) – The oat milk producer lost 7 cents per share for its latest quarter, smaller than the 10 cents a share loss anticipated by analysts. Revenue came in below forecasts, however, and its shares tumbled 14.1% in premarket action. Oatly said
A trader works on the floor of the New York Stock Exchange (NYSE) November 8, 2021. Brendan McDermid | Reuters U.S. stock futures were steady in overnight trading on Sunday as investors prepared to start the week after the S&P 500 broke a five-week winning streak. Dow futures rose about 30 points. S&P 500 futures
China’s digital yuan currency is displayed on a mobile phone in Yichang, Hubei province, China, Feb. 22, 2021. Costfoto | Barcroft Media | Getty Images Don’t expect central banks to issue their own digital currencies anytime soon — that was the message from the Bank of England this week. The U.K. central bank on Tuesday
Books by and about Chinese President Xi Jinping fill a display at the Museum of the Communist Party of China in Beijing on November 11, 2021. Noel Celis | AFP | Getty Images BEIJING — A top Chinese official issued a rare criticism of the U.S. and Western democracy during a high-profile political press conference
In this article WRBY RIDE RIVN TSLA The Lordstown Motors Corp. Endurance electric pickup truck is displayed during an unveiling event in Lordstown, Ohio, U.S., on Thursday, June 25, 2020. Matthew Hatcher | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Johnson & Johnson — Shares of the health care
Joe Raedle | Getty Images Americans are quitting their jobs in record numbers. However, they likely won’t qualify for unemployment benefits. Just over 4.4 million people quit in September, an increase of 164,000 from the prior record in August, the Labor Department said Friday. The quits rate also jumped to 3%, another all-time high. (This
In this article NVDA HPE RIVN JNJ RIDE MAPS Check out the companies making headlines before the bell: Johnson & Johnson — Shares of Johnson & Johnson rose nearly 4% in premarket trading on Friday after announcing plans to split its consumer health business off from its pharmaceutical and medical device operations. Rivian Automotive —
In this article AMC HNST BMBL BYND DIS AFRM The New York Stock Exchange welcomes The Walt Disney Company (NYSE: DIS), on Tuesday, May 4, 2021, in honor of Star Wars Day. Source: NYSE Check out the companies making headlines after the bell: Disney — Shares of the media giant dropped more than 4% in
A trader works on the floor of the New York Stock Exchange (NYSE) November 8, 2021. Brendan McDermid | Reuters U.S. stock futures were steady in overnight trading on Wednesday following a tech-driven sell-off on Wall Street. Dow futures fell just 19 points. S&P 500 futures gained 0.05% and Nasdaq 100 futures rose 0.05%. Disney
In this article RIVN BYND SOFI AFRM MQ TSLA Check out the companies making headlines before the bell: Tesla (TSLA) — Shares of Tesla got a roughly 2% boost after CEO Elon Musk sold about $5 billion worth of shares this week, according to financial filings submitted Wednesday. He still holds more than 166 million
A major Wall Street firm is piling into stocks near record highs. Wilmington Trust’s Meghan Shue reveals her firm has one of its largest stock market overweights ever. Shue, who oversees $152 billion in assets, attributes a strong economic backdrop and seasonal tailwinds for the bullish move. “The near-term disruptions and the near-term concerns over
In this article TSLA WEN FUBO POSH A woman walks past a Westpac bank advertisement in central Sydney, Australia. Daniel Munoz | Reuters Check out the companies making headlines in midday trading. Poshmark — The online marketplace’s shares tumbled nearly 30% Wednesday after reporting quarterly results late Tuesday. Poshmark reported a loss of 9 cents
In this article COIN POSH FUBO DASH PLTR WEN Check out the companies making headlines before the bell: Coinbase (COIN) — Shares of Coinbase sunk more than 11% premarket after the company reported lower-than-expected quarterly revenue. The cryptocurrency exchange reported revenue of $1.31 billion versus the Refinitiv consensus of $1.57 billion.Monthly transacting users declined from the
China’s President Xi Jinping speaks during a bilateral meeting with U.S. President Donald Trump at Trump’s Mar-a-Lago estate in Palm Beach, Florida, April 7, 2017. Carlos Barria | Reuters BEIJING — Ahead of an expected virtual meeting with U.S. President Joe Biden, Chinese President Xi Jinping said the country is willing to work with the
Douglas Sacha | Moment | Getty Images Thousands of Americans living abroad received stimulus checks during the Covid-19 pandemic, according to federal data. While that may sound incongruous with the notion of “stimulus” for the U.S. economy, lawmakers generally had a sound rationale for sending funds overseas, according to tax policy experts. “They are casting
Investors may see a satisfying ending to 2021. According to Canaccord Genuity’s Tony Dwyer, extreme optimism and strong historical trends should offset overbought conditions in the market. The result: A record finish. “The internals of the market are still pretty sound,” the firm’s chief market strategist told CNBC’s “Trading Nation” on Monday. The Dow, S&P
People look at models of houses at the 2021 Dalian autumn real estate fair at Dalian World Expo Center on October 15, 2021 in Dalian, Liaoning Province of China. Liu Debin | Visual China Group | Getty Images BEIJING — Worries about Chinese real estate developers’ high debt levels have rattled investors despite signs that
In this article AMD DAL TSLA COTY Passengers wearing protective masks wait to board a Delta Air Lines Inc. flight at Hartsfield-Jackson Atlanta International Airport in Atlanta, Georgia, U.S., on Wednesday, April 7, 2021. Elijah Nouvelage | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Infrastructure stocks — Industrial stocks