Robinhood hires Aparna Chennapragada as first chief product officer Robinhood has hired a top Google executive as its first chief product officer ahead of its upcoming public debut. The trading start-up said Wednesday it will bring on Aparna Chennapragada, who spent 12 years at Google leading product, engineering and design teams. She was most recently
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Workers make protective masks at a factory in Handan, Hebei province, China January 22, 2020. China Daily via REUTERS BEIJING — While much of the world is still dealing with the coronavirus pandemic, China’s economy is showing signs that it has already passed the peak of a domestic recovery. That means growth ahead will not
Don’t rule out a 10-year Treasury Note yield as high as 2.25% this year. That’s the message from Wells Fargo Securities’ Michael Schumacher, ahead of Wednesday’s Federal Reserve interest rate decision. “The fiscal stimulus is enormous, and the vaccine rollout seems to be accelerating quite a bit — not just here in the U.S.,” the
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 A resurgent economy, percolating inflation and a stock market ripping higher don’t seem to make much of a recipe for easy monetary policy.
Nikola Motor Company Two truck Source: Nikola Motor Company Check out the companies making headlines after the bell on Monday: Maxar Technologies – Shares of the space technology company slid 4% after the company announced a common stock offering of $400 million in an SEC filing. Maxar said it intends to use proceeds from the
Credit Suisse’s Jonathan Golub is urging investors to get clever with recovery plays. He’s advocating a broad strategy that goes beyond reopening trades such as airlines and hotels. “It could be metals and mining companies. It could be machinery and industrial names. Chemical names,” the firm’s chief U.S. equity strategist and head of quantitative research
The Internal Revenue Service headquarters in Washington, D.C. Samuel Corum/Bloomberg via Getty Images The IRS should police wealthy Americans who intentionally dodge their income taxes with more vigor, according to a report from the Treasury Inspector General for Tax Administration. About 686,000 taxpayers who earn at least $200,000 a year had a combined $38.5 billion
The Leuthold Group’s Jim Paulsen has a message for investors: Don’t give up on Big Tech. According to the firm’s chief investment strategist, Nasdaq volatility associated with rising Treasury Note yields may not be enough to permanently derail its two decade leadership cycle. “It’s quite a coincidence that that same peak we had three weeks
Traders on the floor of the New York Stock Exchange. Source: NYSE U.S. stock futures moved higher in overnight trading and pointed to gains at the open on Monday, continuing last week’s rally that led the Dow and S&P 500 to record highs. Dow futures rose 95 points. S&P 500 futures gained 0.26% and Nasdaq
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
[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