In this article ETH.CM= BTC.CM= Representation of Ethereum cryptocurrency is seen in this illustration photo taken in Sulkowice, Poland on August 12, 2021. Jakub Porzycki/NurPhoto | Getty Images Cryptocurrencies are starting the week on a positive note. Ethereum, the world’s second-largest digital coin, surged over 4% in 24 hours Monday to hit a new all-time
Finance
Traders work on the floor of the New York Stock Exchange (NYSE) on October 25, 2021 in New York City. Spencer Platt | Getty Images Stock futures idled in overnight trading after the major U.S. market indexes reached record highs on Friday following a better-than-expected October jobs report. Futures on the Dow Jones Industrial Average
In this article ABNB UBER PTON SQ PINS A Peloton Interactive Inc. logo on a stationary bike at the company’s showroom in Dedham, Massachusetts, U.S., on Wednesday, Feb. 3, 2021. Adam Glanzman | Bloomberg | Getty Images Check out the companies making headlines after the bell: Peloton — Shares of Peloton sunk 25% in extended
Kaisa Group Holdings Ltd. logo displayed on a smartphone screen. SOPA Images | LightRocket | Getty Images Hong Kong listed shares of Chinese real estate developer Kaisa Group Holdings were halted on Friday, following news that it had missed a payment on a wealth management product earlier this week. It comes as investors continue to
In this article GOOS-CA DKNG PFE LYV WEED-CA PTON Check out the companies making headlines before the bell: Pfizer (PFE) – The drug maker’s shares surged 9.4% in premarket trading after a study showed that its experimental Covid-19 antiviral pill reduced the risk of hospitalization and death by nearly 90%. Pfizer said it will ask
In this article BRK.A Warren Buffett at Berkshire Hathaway’s annual meeting in Los Angeles California. May 1, 2021. Gerard Miller | CNBC Berkshire Hathaway saw another double-digit increase in its operating profit thanks to a continuous rebound in it railroad, utilities and energy businesses from the pandemic, while the company’s cash pile hit a record
Peter Thiel, the billionaire co-founder of PayPal. John Lamparski | Getty Images Entertainment | Getty Images Democrats seem to have spared wealthy Americans like billionaire tech mogul Peter Thiel from big tax bills on their vast Roth retirement savings in legislation unveiled this week. That break is courtesy of new language in a $1.75 trillion
A man speaks with a woman about openings at a bakery at the Employers Only Long Island Food, Beverage and Hospitality Job Fair on Oct. 19, 2021 in Melville, New York. BRYAN R. SMITH | AFP | Getty Images About 357,000 Americans fell off the long-term unemployment rolls in October, as the labor market’s pandemic
In this article SHAK PTON GOOS-CA Canada Goose parkas hang on display at a store in Richmond Hill, Ontario. Chris So | Toronto Star | Getty Images Check out the companies making headlines in midday trading. Peloton — Shares of the exercise bike company tumbled more than 34% after the firm reported weakening sales growth
In this article .STI DBSM-SG The building of DBS, Singapore’s largest bank, at the city state’s central business district. Suhaimi Abdullah | Getty Images News | Getty Images SINGAPORE — Singapore’s largest bank, DBS Group Holdings, posted third-quarter earnings that beat analysts’ estimates as its chief executive flagged improving business conditions in the months ahead.
A specialist trader works inside a booth on the floor of the New York Stock Exchange (NYSE) in New York City, October 6, 2021. Brendan McDermid | Reuters Stock futures were mostly flat in overnight trading Thursday ahead of the highly anticipated October jobs report. Futures on the Dow Jones Industrial Average shed 24 points.
In this article QCOM QRVO Medical syringe is seen with Moderna company logo displayed on a screen in the background in this illustration photo taken in Poland. Jakub Porzycki | NurPhoto | Getty Images Check out the companies making headlines in midday trading. Moderna — Moderna shares tumbled 19% after a weaker-than-expected quarterly report. The drug
Jakub Porzycki | NurPhoto | Getty Images The fast-growing decentralized finance industry could be about to get a rude awakening. Decentralized finance, or “DeFi” as it’s commonly referred to, is a trend in cryptocurrencies that first started gaining traction in 2020. It’s been called the “Wild West” of crypto — hoards of computer programmers trying
U.S. stock index futures were steady during overnight trading on Wednesday after the major averages closed at records following commentary from the Federal Reserve. The central bank said it will begin to slow its bond-buying program, signaling that the economy can now handle an unwinding of pandemic stimulus. Futures contracts tied to the Dow Jones
In this article GPS DE CVS Pedestrians pass in front of a GAP store in New York. Scott Mlyn | CNBC Check out the companies making headlines in midday trading. Activision Blizzard — The video game company tumbled more than 15% despite reporting better-than-expected quarterly earnings of 72 cents per share, compared to analysts’ estimates
Stephan Wollenstein, CEO of Volkswagen China, presents the new ID.6 Crozz electric car during the Shanghai International Automobile Industry Exhibition on April 19, 2021. Hector Retamal | AFP | Getty Images BEIJING — When it comes to their favorite electric car brand, Chinese consumers’ top choice is Warren Buffett-backed BYD, according to a survey by
Market forecaster Jim Bianco expects inflation’s intensity to catch up with central bank policymakers worldwide, including the Federal Reserve. The fallout could make stocks less attractive, and knock them off record highs. “Inflation is persistent and you’ve got to start thinking about moving your policies more aggressively towards tightening,” the Bianco Research President told CNBC’s
In this article UAA MS CAR GPN The logo marks the showroom and service center for the US automotive and energy company Tesla in Amsterdam on October 23, 2019. John Thys | AFP | Getty Images Check out the companies making headlines in midday trading. Avis Budget — Shares of the rental car company jumped
Large machines unload coal from a train at the Shanghai Cooperation Organization (Lianyungang) International Logistics Park station in east China’s Jiangsu province, on October 28, 2021. Wang Jianmin | Barcroft Media | Getty Images BEIJING — China’s coal shortage is easing thanks to new government policies, the Commonwealth Bank of Australia said in a note
If the market’s record rally continues into year end, PNC Financial’s Amanda Agati predicts value stocks will lag and growth stocks will play a dominant role. Agati, the firm’s chief investment officer, blames a slowing economy and earnings — as well as the monetary and fiscal policy backdrop. “We are absolutely bullish on the growth-oriented