Finance

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

With the pandemic boosting demand for alternative assets, JPMorgan’s Joyce Chang is seeing a new dynamic unfolding in the cryptocurrency space: a battle between banks and fintech. “Fintech is coming into the mainstream from this pandemic as there has really been demand for digital services — less in person transactions,” the firm’s chair of global

Alex Wong | Getty Images News | Getty Images Democrats are rushing to pass a $1.9 trillion pandemic aid bill by next week and get it to President Joe Biden in time to prevent a gap in unemployment benefits. It’s perhaps too late to stop that from happening, according to some experts. “The unfortunate reality

Take a look at some of the biggest movers in the premarket: IMAX (IMAX) – IMAX lost 21 cents per share, one cent a share more than analysts had anticipated. The movie theater operator’s revenue came in above Wall Street estimates. Sales were helped by stronger performances in Asian markets, and the company is anticipating

A logo of a Virgin Galactic is seen outside the building during the company’s first day of trading on the New York Stock Exchange (NYSE) on October 28, 2019 in New York City. JOHANNES EISELE | AFP | Getty Images Check out the companies making headlines in midday trading. Virgin Galactic – The space company’s shares

LONDON — Special purpose acquisition companies, or SPACs, are showing signs of “froth” in the U.S. — and that doesn’t bode well for investors, the boss of London’s stock exchange warned Friday.  “There has been some recognition of the froth in the U.S. market,” London Stock Exchange Group (LSEG) CEO David Schwimmer told CNBC’s “Squawk

BEIJING — Chinese Premier Li Keqiang announced Friday the world’s second-largest economy would target growth of over 6% for 2021. The Chinese government kicked off its “Two Sessions” annual parliamentary meeting this week for approving national priorities for 2021. This year’s gathering will last just about a week. The political advisory body, the Chinese People’s

A shopper wearing a protective mask checks out at a Costco store in San Francisco, California, on Wednesday, March 3, 2021. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines after the bell on Thursday: Costco – Costco shares fell 1.3% after the company posted mixed fiscal second-quarter results. Costco

Take a look at some of the biggest movers in the premarket: Okta (OKTA) – Okta tanked 10.5% in premarket trading after announcing it is buying customer management software provider Auth0 for $6.5 billion in stock. The provider of identity management software also reported quarterly earnings of 6 cents per share, compared to consensus forecasts