Finance

In this article HSBA-GB HSBC building in the Canary Wharf district of London, U.K. Leon Neal | AFP | Getty Images HSBC said Monday its reported pre-tax profit came in at $5.4 billion in the third quarter of 2021 — beating expectations. Analysts had expected the Asia-focused bank to report another quarter of profit gains

Earnings season may turn an ugly corner. Long-term bull Art Hogan warns a storm of disappointing corporate guidance and missed revenue targets is ahead. “Buckle your seatbelts,” the National Securities’ chief market strategist told CNBC’s “Trading Nation” on Friday. “This will be the first time in the cycle you’re actually going to hear more companies

[The stream is slated to start at 6:30 a.m. ET. Please refresh the page if you do not see a player above at that time.] Click on the stream above to watch to CNBC’s Sustainable Future Forum. Friday’s session from Europe focuses on technology and innovation. The fourth industrial revolution is also going to be

Check out the companies making headlines before the bell: Snap – Shares of the Snapchat parent plunged 19.5% in the premarket after the company warned of slowing growth due to the recent changes in Apple’s iOS privacy rules. Those rules make it more difficult to gather information from users and target ads. Snap did beat estimates by

[The stream is slated to start at 11 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell speaks Friday to the Virtual Bank for International Settlements’ South African Reserve Bank Centenary Conference. The format is a question-and-answer session with the central bank

Hedge fund manager David Tepper has turned somewhat bearish on the stock market, citing uncertainties around interest rates and inflation. “I don’t think it’s a great investment right here,” Tepper said Friday on CNBC’s “Halftime Report.” “I just don’t know how interest rates are going to behave next year… I don’t think there’s any great

In this article FB DWAC MRNA SNAP Getty Images Check out the companies making headlines in midday trading. Snap – Snap shares plummeted by more than 24% after it reported its quarterly results, which included a revenue miss as well as an earnings beat. The social media company said its advertising business declined due to Apple’s

MoMo Productions | DigitalVision | Getty Images American life expectancy is trending up — and that creates more financial risk for retirees, who must make their nest eggs last a longer time. An average 65-year-old today will live another 20 years, about six years more than in 1950, according to the Centers for Disease Control

In this article DWAC The social media app will be developed by Trump Media and Technology Group (TMTG). Rafael Henrique | LightRocket | Getty Images Digital World Acquisition Corp., the SPAC that is taking former President Donald Trump‘s planned social media platform public, soared again on Friday following a massive rally in the previous session.

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 is poised to move carefully toward easing monetary policy, even as the U.S. is on its way to tightening policy. In moving in the opposite

Responding to a growing controversy over investing practices, the Federal Reserve on Thursday announced a wide-ranging ban on officials owning individual stocks and bonds and limits on other activities as well. The ban includes top policymakers such as those who sit on the Federal Open Market Committee, along with senior staff. Future investments will have

In this article CSX IBM CROX T Crocs store in New York City. Michael Brochstein | SOPA Images | LightRocket | Getty Images Check out the companies making headlines before the bell: AT&T (T) – AT&T rose 1.5% in premarket trading, after the company beat estimates by 9 cents with an adjusted quarterly profit of

China Evergrande Group started returning a small portion of the money owed to buyers of its investment products, weeks after people protested against missed payments at its Shenzhen headquarters, pictured here on Sept. 30, 2021. Gilles Sabrie | Bloomberg | Getty Images BEIJING — China Evergrande shares briefly dropped more than 10% in opening trade

In this article AMZN Karl Tapales | Moment | Getty Images Con artists pretending to be Amazon employees scammed Americans out of $27 million from July 2020 through June 2021, the Federal Trade Commission said Wednesday. These fraudsters were part of a “business impersonator” scam. Criminals pose as someone the consumer trusts — in this

[The stream is slated to start at 6:30 a.m. ET. Please refresh the page if you do not see a player above at that time.] Click on the stream above to watch to CNBC’s Sustainable Future Forum. Wednesday’s session from Europe focuses on the industry’s response. It’s time to talk targets and check the promises

In this article BTC.CM= Casino chips decorated with bitcoin logos. Andrey Rudakov | Bloomberg | Getty Images LONDON — The vast majority of traders under 40 are investing in cryptocurrencies and other “high-risk” assets due to a sense of “competition” with friends and family, according to research published by the U.K. financial services watchdog on

Saule Omarova United States Committee on Banking, Housing and Urban Affairs President Joe Biden’s pick to run one of Washington’s most important banking industry regulators might not have enough support for confirmation in the Senate. Senate Democrats are fractured over whether to support Saule Omarova, Biden’s indicated choice to lead the Office of the Comptroller

Take a look at some of the biggest movers in the premarket: Procter & Gamble (PG) – The consumer products giant beat estimates by 2 cents a share, with quarterly earnings of $1.61 per share. Revenue also topped Wall Street forecasts. P&G said it was facing increasing commodity and transportation costs, however, and its shares

High-rise apartment buildings at China Evergrande Group’s under-construction Riverside Palace development in Taicang, Jiangsu province, China, on Friday, Sept. 24, 2021. Qilai Shen | Bloomberg | Getty Images BEIJING — Chinese developer Evergrande made little progress toward complying with Beijing’s crackdown on real estate debt — until it was too late for investors who poured

In this article ACI OXY SPCE ZG The New York Stock Exchange welcomes The Walt Disney Company (NYSE: DIS), today, Tuesday, May 4, 2021, in honor of Star Wars Day. Source: NYSE Check out the companies making headlines in midday trading. Occidental Petroleum — Shares of the energy company gained 5.7% after Truist upgraded the