Kaisa Group Holdings Ltd.’s City Plaza development under construction in Shanghai, China, on Tuesday, Nov. 16, 2021. Qilai Shen | Bloomberg | Getty Images BEIJING — Chinese real estate developer Kaisa announced Thursday plans for paying back investors, temporarily alleviating concerns about a default as China’s property sector continues to face pressure. Kaisa’s Hong Kong-listed
Finance
Federal Reserve officials at their meeting earlier this month expressed concern about inflation and said they would be willing to raise interest rates if prices keep rising. The committee that sets interest rates for the Fed on Wednesday released the minutes from the November session where it first signaled that it could be dialing back
A Gap store in New York, August 2, 2020. Scott Mlyn | CNBC Check out the companies making headlines in midday trading. Gap, Nordstrom — Shares of Gap and Nordstrom plummeted after the companies reported disappointing quarterly results late Tuesday citing rising labor costs, inventory issues, shopping costs and factory closures as challenges. Gap shares dropped
Shoppers leave a Nordstrom store on May 26, 2021 in Chicago, Illinois. Scott Olson | Getty Images News | Getty Images Check out the companies making headlines after the bell: Nordstrom — Shares of the department store chain tumbled roughly 20% following its quarterly results. Nordstrom reported earnings of 39 cents per share, well below
Traders work on the floor of the New York Stock Exchange (NYSE) on November 15, 2021 in New York City. Spencer Platt | Getty Images U.S. stock futures were little changed on Tuesday night after tech shares sold off for the second day in a row, pressured by rising rates that gave a boost to
The Stripe logo on a smartphone with U.S. dollar banknotes in the background. Budrul Chukrut | SOPA Images | LightRocket via Getty Images Online payments giant Stripe is still in no rush to go public, with co-founder John Collison telling CNBC the company is happy staying private for now. “We’re very happy as a private
In this photo illustration of the ripple cryptocurrency ‘altcoin’ sits arranged for a photograph on April 25, 2018 in London, England. Jack Taylor | Getty Images News | Getty Images Fintech company Ripple is making great strides in its legal feud with the U.S. Securities and Exchange Commission, CEO Brad Garlinghouse told CNBC on Monday.
Traders work on the floor of the New York Stock Exchange (NYSE) on October 15, 2021 in New York City. Spencer Platt | Getty Images U.S. stock futures were steady in overnight trading on Monday after a tech-focused sell-off spurred by rising bond yields that saw the Nasdaq Composite drop more than 1%. Dow futures
Lael Brainard, governor of the U.S. Federal Reserve, listens during an event sponsored by the Economic Club of New York in New York, U.S., on Tuesday, Sept. 5, 2017. Mark Kauzlarich | Bloomberg | Getty Images Lael Brainard is often the outlier. In her role as one of seven Federal Reserve governors, she’s made a
People walk past the headquarters of the People’s Bank of China (PBOC), the central bank, in Beijing, China September 28, 2018. Jason Lee | Reuters BEIJING — China’s central bank removed several phrases on policy restraint in a quarterly report, a move economists said may be a sign that stimulus is on its way. The
A trader during the Sweetgreen initial public offering (IPO) in front of the New York Stock Exchange (NYSE) in New York, on Thursday, Nov. 18, 2021. Michael Nagle | Bloomberg | Getty Images Stock futures rose slightly in overnight trading on Sunday ahead of the holiday-shortened week, a historically seasonally strong period for Wall Street.
Nominee to be the Comptroller of the Currency Saule Omarova (R) speaks with an aide as she testifies before the Senate Banking, Housing and Urban Affairs Committee during a hearing on Capitol Hill in Washington, DC, on November 18, 2021. Jim Watson | AFP | Getty Images WASHINGTON — A nomination hearing for President Joe
In this article FL DDS FTCH AMAT WSM PANW Check out the companies making headlines before the bell: Foot Locker (FL) – Foot Locker slid 3.6% in the premarket after the athletic footwear and apparel retailer said it expects global supply chain constraints to persist through this quarter. The slide comes despite a beat on
In this article BA MRNA HOOD .BBKA FL Moderna’s sign is seen outside of their headquarters in Cambridge, MA on March 11, 2021. Boston Globe | Getty Images Check out the companies making headlines in midday trading. United Airlines, Boeing — Shares of travel-related stocks dipped after Austria announced earlier in the day that it would
Lesetja Kganyago, governor of the South African Reserve Bank. Waldo Swiegers/Bloomberg via Getty Images The South African Reserve Bank has fired the starting gun on monetary policy normalization, but economists do not expect the hiking cycle to be plain sailing. The SARB on Thursday hiked its main repo rate by 25 basis points to 3.75%
An illustration showing physical bitcoins alongside binary code displayed on a laptop. Jakub Porzycki | NurPhoto via Getty Images LONDON — Investors have lost billions of dollars to criminals targeting so-called “decentralized finance” platforms this year. According to a report from London-based firm Elliptic, more than $10 billion worth of user funds has been stolen
Traders during the Sweetgreen initial public offering (IPO) in front of the New York Stock Exchange (NYSE) in New York, on Thursday, Nov. 18, 2021. Michael Nagle | Bloomberg | Getty Images Stock futures edged up in overnight trading on Thursday as the S&P 500 aims to post a winning week. Futures on the Dow
John Malone Getty Images Liberty Media Chairman John Malone said the sizzling IPO market and soaring equity valuations remind him of the dotcom bubble in the late 1990s. “There’s no question that the equity markets right now are so interested in growth above all other criteria and this is, like, the bubble in the late ’90s
In this article AFRM APT-AU The Klarna logo displayed on a phone screen. Jakub Porzycki | NurPhoto | Getty Images LONDON — Buy now, pay later services aren’t just popular among consumers. They’re also proving to be a hit with criminals. Fraudulent activity is on the rise at some of the largest buy now, pay
U.S. stock futures were flat in overnight trading after the major averages pulled back, albeit close to records, on Wednesday. Dow futures fell just 20 points. S&P 500 futures gained 0.05% and Nasdaq 100 futures rose 0.14%. Nvidia shares popped in extended trading after beating on the top and bottom lines of its quarterly results.