Finance

Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters Stock futures held steady in overnight trading Sunday after a rush of broad based late buying pushed the S&P 500 to a record high in the final minutes of the previous session. Futures on the Dow Jones Industrial Average dipped

A woman walks past the headquarters of the People’s Bank of China in Beijing, China. Jason Lee | Reuters BEIJING — Data for the year so far show signs that China is starting to crack down on debt. A first-quarter survey by the China Beige Book released Thursday found that borrowing by state-owned enterprises dropped

In this article MO PRGS NIO LYFT UBER ROOT MSFT F NLY MSGN MSGE BOWX WFC C BAC JPM ZM Take a look at some of the biggest movers in the premarket: BowX Acquisition (BOWX) – The special purpose acquisition company will take office-sharing company WeWork public in a deal worth $9 billion, including debt.

In this article AXP Pilot’s founders Jessica McKellar (CTO), Waseem Daher (CEO), Jeff Arnold (COO) Pilot Accounting start-up Pilot raised a new round of funding from Jeff Bezos and other Silicon Valley investors to help small businesses outsource back-office tasks. The San Francisco-based company closed a $100 million funding round this week, doubling its valuation

In this article @CL.1 @LCO.1 A satellite image shows stranded container ship Ever Given after it ran aground in Suez Canal, Egypt March 25, 2021. CNES Airbus DS | Reuters The Ever Given, one of the world’s largest container ships, is still wedged in the Suez Canal, and the economic effects from the blockage —

The Marriner S. Eccles Federal Reserve building stands in Washington, D.C., U.S., on Tuesday, Aug. 18, 2020. Erin Scott | Bloomberg via Getty Images The Federal Reserve has come a long way from the days of warning about “irrational exuberance.” Former Fed Chairman Alan Greenspan famously sent up a flare in December 1996 about stretched

In this article KWEB Chinese and U.S. flags outside the building of an American company in Beijing, China January 21, 2021. Tingshu Wang | Reuterss A new Securities and Exchange Commission rule that will require foreign companies to submit documentation about government affiliations and government influence is causing headaches for China investors. It’s one of

In this article TSLA CRM Marc Benioff, Co-CEO of SalesForce speaking at the WEF in Davos, Switzerland on Jan. 22, 2019. Adam Galica | CNBC Chainalysis, a start-up that sells blockchain data analytics tools, announced Friday that it’s raised $100 million in an investment round valuing the company at $2 billion. That’s double what Chainalysis

Chinese Foreign Ministry spokeswoman Hua Chunying attends a news conference in Beijing, China January 21, 2021. Carlos Garcia Rawlins | Reuters BEIJING — China slapped sanctions on U.K. entities on Friday, saying that Britain’s sanctions on Chinese individuals over alleged human rights abuses in Xinjiang were based on “lies and disinformation.” The Ministry of Foreign

In this article JPM C WFC KBE GS Federal Reserve Jerome Powell testifies during a Senate Banking Committee hearing on “The Quarterly CARES Act Report to Congress” on Capitol Hill in Washington, U.S., December 1, 2020. Susan Walsh | Reuters Bank stocks rose in extended trading on Thursday after the Federal Reserve announced its plan

Darren Westlake, co-founder and CEO of Crowdcube, at a fintech conference in London, on April 12, 2017. Simon Dawson | Bloomberg via Getty Images LONDON — British start-up crowdfunding platforms Crowdcube and Seedrs agreed Thursday to terminate their £140 million ($192 million) merger, a day after regulators raised competition concerns with the deal. The U.K.

Wells Fargo Securities’ Chris Harvey is building a major part of his strategy on a consumer comeback. From hotels to casinos to restaurants, many of this year’s winning trades will involve spending outside the home, the firm’s head of equity strategy predicts. “We really want exposure to the consumer,” Harvey told CNBC’s “Trading Nation” on

Cargo ship “Ever Given” stuck and blocking traffic in the Suez Canal Source: Reuters The massive container ship that ran aground in the Suez Canal, halting traffic in one of the world’s busiest waterways, is still stuck after little progress appeared to be made on Wednesday to dislodge the ship. The ship, called the Ever

Take a look at some of the biggest movers in the premarket: Intel (INTC) – Intel said it would spend $20 billion to build two new plants at existing facilities in Arizona, in an effort to grab more market shares and fill gaps created by a worldwide chip shortage. Intel aims to start production at

Canaccord Genuity’s Tony Dwyer is temporarily dialing back his appetite for stocks. On the one-year anniversary of the Covid-19 bottom, he’s telling investors the market is in “no man’s land.” “We’re in this period where the Russell 1000 growth mega cap stocks aren’t oversold anymore and the cyclical or economic recovery theme isn’t extreme overbought

A man looks at GameStop at 6th Avenue on February 25, 2021 in New York. John Smith | Corbis News | Getty Images Check out the companies making headlines after the bell on Tuesday: GameStop – Shares of the video game retailer dropped 11.9% after the company posted disappointing results for its fourth quarter. GameStop

The bronze Charging Bull in the financial district of New York City. Robert Nickelsberg | Getty Images Precisely one year ago, a new bull market was born. Powered by unprecedented stimulus, stocks crawled out of their deep pandemic rout and started sprinting. History indicates that after big bear market declines, strong bull markets usually follow

In this article .IXIC US10Y When rising Treasury yields put pressure on tech stocks, Invesco’s Kristina Hooper is looking to put money to work. Hooper, who oversees $1.3 trillion in assets, predicts the group’s growth potential will ultimately prevail over inflation fears. “Any time we see a tech sell-off, it’s an opportunity to buy some

LaylaBird The U.S. Labor Department launched a website Monday to help Americans report identity fraud linked to unemployment benefits. Unemployment fraud has surged during the Covid pandemic. Much of it is linked to organized crime rings that bought identity information stolen in past data breaches, according to the labor bureau. Criminals use this data to

Take a look at some of the biggest movers in the premarket: AstraZeneca (AZN) – The drugmaker said a U.S. study showed its Covid-19 vaccine had 79% efficacy in preventing symptomatic illness, 100% effectiveness against critical disease and hospitalization, and did not pose a higher risk of blood clots. AstraZeneca shares gained 2.2% in premarket