The flags of China, U.S. and the Chinese Communist Party are displayed in a flag stall at the Yiwu Wholesale Market in Yiwu, Zhejiang province, China, May 10, 2019. Aly Song | Reuters China is ‘more assertive abroad’ In contrast to U.S. foreign policy under Trump, White House Press Secretary Jen Psaki said Biden’s administration
Finance
A BlackRock signage is displayed on a monitor on the floor of the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images The European fund industry saw a deluge of investment in 2020, with net inflows rising by around 61.6%, according to new figures from Refinitiv Lipper. Across the year, overall net inflows
Signage is displayed outside of a Bed Bath & Beyond Inc. store in Los Angeles, California, U.S., on Monday, Sept. 19, 2016. Patrick T. Fallon | Bloomberg | Getty Images Bed Bath & Beyond and AMC Entertainment are the newest targets of speculation for retail investors, creating a nightmare scenario for hedge funds betting against
Long-time bear David Tice has new warning for investors. He expects stocks to fall at least 30% in a downturn that lasts two years. One of his major reasons: Business unfriendly policies from Washington. “We now have a Biden administration that has a Senate and a House. They’re likely to enact very much more anti-capitalist
U.S. stock index futures were modestly higher in overnight trading on Sunday, as Wall Street prepares for the busiest week of earnings, which will include reports from some of the largest tech companies. Futures contracts tied to the Dow Jones Industrial Average gained 39 points, indicating a 56-point jump at the open. S&P 500 futures
Kacper Pempel | REUTERS Cryptocurrency-related crime fell last year to a small fraction of overall trading volume. But some targeted hacks boomed as criminals exploited people working from home during the pandemic. Last year, illicit activity made up 0.34% of all cryptocurrency transaction volume, according to a report from blockchain data firm Chainalysis. That was
Flags of U.S. and China are displayed at American International Chamber of Commerce (AICC)’s booth during China International Fair for Trade in Services in Beijing, China, May 28, 2019. Jason Lee | Reuters BEIJING — In the wake of U.S. President Joe Biden‘s inauguration, China is talking up hope for better relations with Washington —
Jim Lo Scalzo-Pool/Getty Images President Joe Biden in a speech last week said his $1.9 trillion Covid relief plan would lift 5 million kids from the ranks of the poor and cut the child poverty rate in half. That would be the biggest child-poverty reduction in recent history, according to some experts who study the
The stock market may avoid a major near-term correction, according to economic forecaster Lakshman Achuthan. Achuthan, co-founder of the Economic Cycle Research Institute, told CNBC’s “Trading Nation” on Thursday that the risk a pullback of at least 10% is “really low” because the U.S. is in expansion mode. “The cycle is on the side of
IBM’s logo seen displayed on a smartphone. Rafael Henrique | SOPA Images | LightRocket | Getty Images Check out the companies making headlines in midday trading. Ford — Shares of the U.S. automaker dipped about 1%, retreating from an all-time high hit in the previous session. The stock jumped 6.2% Thursday following positive comments from
Take a look at some of the biggest movers in the premarket: IBM (IBM) – IBM reported quarterly profit of $2.07 per share, beating the $1.79 a share consensus estimate. Revenue missed Wall Street forecasts, however, as software sales posted a decline as pandemic-induced uncertainty kept some customers from striking long-term deals. The shares dropped
Pedestrians walk in front of the IBM building in New York. Scott Mlyn | CNBC Check out the companies making headlines after the bell: IBM — Shares of IBM fell more than 6% in the extended session after the company reported fourth-quarter sales below where analysts were expecting. Revenue fell 6% on an annualized basis, the
John Nacion | NurPhoto | Getty Images Contracts tied to the major U.S. stock indexes opened around the flatline Thursday evening as Wall Street appeared headed to close out the record-setting week on a muted note. The after-hours moves came after a strong showing from the Nasdaq Composite earlier in the day during the regular
Yuriko Nakao | Getty Images Today, we’re on the precipice of what could be the largest transformational period in global history. With the first Industrial Revolution, new technologies like assembly lines, factories and transportation fundamentally changed society. This time, instead of cogwheels doing the work, blockchain-based digitalization will continue to drive transactions. Specifically, this latest
An investor looks at an electronic board showing stock information at a brokerage house in Nanjing, Jiangsu province, China. Reuters BEIJING — More Chinese investors are piling into the local stock market. In December, the mainland stock market recorded 1.62 million new investors — double the 809,300 reported a year ago, according to China Securities
One of Wall Street’s biggest bulls sees the stars lining up for the economy. Federated Hermes’ Phil Orlando predicts coronavirus vaccine distribution will rev up within weeks and set the stage for a monster market year. “Our view is by summer — by Independence Day — we will be free of the coronavirus. We’ll reach
pedrosala | iStock | Getty Images President-elect Joe Biden’s ascension to the presidency will encourage more renewable energy projects in the U.S. International investors are taking note. Greencoat Capital, a global renewables investment manager with $8 billion in assets under management, just announced its first U.S. investment after eight years operating across the U.K. and
A symbol of TikTok (Douyin) is pictured at The Place shopping mall at dusk on August 22, 2020 in Beijing, China. VCG | Visual China Group | Getty Images GUANGZHOU, China — ByteDance has launched a new payment service within Douyin, the Chinese version of short-video sharing app TikTok. Douyin users can choose Douyin Pay
Stock futures inched higher in overnight trading on Tuesday as investors awaited President-elect Joe Biden’s inauguration. Futures on the Dow Jones Industrial Average rose 75 points. S&P 500 futures gained 0.3% and Nasdaq 100 futures climbed 0.5%. Netflix soared more than 10% in extended trading after the company reported strong subscriber growth and said it’s
In this photo illustration, a visual representation of digital cryptocurrency Bitcoin (BTC) is arranged on a circuit board of a hard drive. Yuriko Nakao | Getty Images Bitcoin and U.S. tech stocks are viewed by investors as the biggest market bubbles right now, according to a Deutsche Bank survey released Tuesday. The survey, which is