Representation of the virtual currency Bitcoin is seen on a motherboard in this picture illustration taken April 24, 2020. Dado Ruvic | Reuters Bitcoin crossed a record high of $60,000 on Saturday morning, continuing its rally as major companies and financial institutions adopt cryptocurrencies. Bitcoin, the world’s biggest cryptocurrency, was at $60,415.34 as of 7:25
Finance
[The stream is slated to start at 8:30 a.m. ET. Please refresh the page if you do not see a player above at that time.] European Central Bank President Christine Lagarde is speaking at a press conference following the institution’s latest monetary policy decision. The ECB said in a statement earlier that it expects to
Check out the companies making headlines before the bell: Ulta Beauty (ULTA) – Ulta Beauty announced that CEO Mary Dillon will step down in June to be replaced by company President David Kimbell. Dillon will move to the role of executive chairman. Separately, the cosmetics retailer beat estimates on the top and bottom lines for
The signage is seen at Alibaba Group headquarters during the company’s 11.11 Singles’ Day global shopping festival in Hangzhou, Zhejiang province, China, November 11, 2020. Aly Song | Reuters Here are the stocks making headlines in midday trading. Ulta Beauty — Shares of the cosmetics company fell more than 6% after reporting full-year same-store sales
A logo is displayed next to a gas turbine at the General Electric Co. (GE) energy plant in Greenville, South Carolina, U.S., on Tuesday, Jan. 10, 2017. General Electric Co. is scheduled to release earnings figures on January 20. Sharrett / Bloomberg / Getty Images Check out the companies making headlines in midday trading. General
Pedestrians pass in front of an Ulta Beauty store in New York. Gabby Jones | Bloomberg | Getty Images Check out the companies making headlines after the bell on Thursday: Ulta Beauty – The beauty retailer’s stock dipped about 7% on the news that CEO Mary Dillon will be stepping down in June, with company
Chinese Premier Li Keqiang delivers his work report during the opening session of the National People’s Congress at the Great Hall of the People in Beijing on May 22, 2020. LEO RAMIREZ | AFP via Getty Images BEIJING — As tensions with the U.S. simmer, China’s second-in-command emphasized the country’s need to build up its
A Model Y vehicle displayed at a Tesla flagship store on Jan. 4, 2021 in Shanghai, China. Gao Yuwen | Visual China Group | Getty Images BEIJING — Tesla‘s Model Y is getting off to a solid start in China, less than three months since deliveries began. The mid-size SUV was the third best-selling electric
Even though the benchmark 10-year Treasury note yield touched a one-week low on Wednesday, economic forecaster Lakshman Achuthan believes the path forward is higher. According to Achuthan’s proprietary data, the U.S. is already in the grip of inflation. “It is not transitory. It’s cyclical,” the Economic Cycle Research Institute co-founder told CNBC’s “Trading Nation” on
Thomas Barwick | Stone | Getty Images Goldman Sachs on Wednesday announced plans to commit $10 billion in funding over the next decade toward advancing racial equity and economic opportunity for Black women. Called “One Million Black Women,” the new initiative will focus on areas including access to capital, job creation, financial health and workforce
A Nasdaq market maker works at the Nasdaq Market site in New York, May 2, 2019. Brendan McDermid | Reuters Stock futures edged higher in overnight trading Tuesday following a sharp rebound in technology shares amid falling bond yields. Futures on the Dow Jones Industrial Average rose 35 points. S&P 500 futures and Nasdaq 100
The Nasdaq rebound may last shorter than a New York minute. Wharton School finance professor Jeremy Siegel sees near-term trouble, saying the backdrop is dramatically supporting the reopening trade over Big Tech and growth plays. “I’ve been extremely bullish here for nine months,” he told CNBC’s “Trading Nation” on Tuesday. ”This stock market still has a
As I reflect on my experience as a woman in the investment industry, I’d like to share a recent conversation I had with a student at Nichols College, a small private college in my home state. A male student asked me what my biggest challenge was in getting to where I am today in my
Dow futures moved higher in overnight trading on Monday, putting the index on track to extend its rally from the regular session. Dow futures rose about 150 points. S&P 500 futures gained 0.5% and Nasdaq 100 futures rose 0.6%. On Monday, the Dow Jones Industrial Average rallied more than 300 points on investor optimism about
Economist Stephen Roach said Monday he believes Wall Street is overestimating a consumer comeback. According to the Yale University senior fellow, demand will snap back like a rubber band later this year as the V-shaped recovery loses momentum. “With vaccines rushing out together with a lot of stimulus, you can just sense this instant gratification of
rfranca | iStock | Getty Images A significant provision making any student loan forgiveness tax-free has been included in the $1.9 trillion federal stimulus package that’s working its way through Congress and will likely soon be signed into law. Currently, any student loan debt canceled by the government can be considered taxable and levied at
Investors may want to hold on even tighter. Moody’s Analytics Mark Zandi believes Wall Street is significantly underestimating the seriousness of an inflation comeback, and he warns it will affect every corner of the market — from big tech to cyclical trades. “Inflationary pressures will develop very quickly,” the firm’s chief economist told CNBC’s “Trading
Traders work on the floor of the New York Stock Exchange. NYSE U.S. stock futures jumped on Sunday evening as a new stimulus package from Washington headed toward final passage this week. Futures contracts tied to the Dow Jones Industrial Average jumped 219 points, or 0.7%. Those for the S&P 500 and the Nasdaq 100
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 BEIJING — Chinese Foreign Minister Wang Yi said Sunday that the U.S. needs to remove “unreasonable restrictions” for the two countries’ relationship
Jason Lee | Reuters BEIJING — As the U.S. pumps trillions of dollars into its economy in the wake of the coronavirus pandemic, economists are concerned about spillover effects in China, including the risk of “imported inflation.” Worries about high inflation, or rapidly rising prices, hit U.S. markets last week. The U.S. Congress is reviewing