Finance

Jamie Dimon, chief executive officer of JPMorgan Chase & Co., second left, listens during a House Financial Services Committee hearing in Washington, D.C., U.S., on Wednesday, April 10, 2019. Andrew Harrer | Bloomberg | Getty Images JPMorgan Chase and Citigroup were among the first major financial firms to say they will pause political action committee

Take a look at some of the biggest movers in the premarket: Tesla (TSLA) – Tesla remains on watch after rising for 10 sessions in a row, surpassing Facebook (FB) in market value, and making CEO Elon Musk the world’s richest person. The company’s shares rose 3.8% in premarket trading as of 7:35 a.m. ET.

In this photo illustration, visual representations of the digital cryptocurrency, Bitcoin are arranged on January 4, 2021 in Katwijk, Netherlands. Yuriko Nakao | Getty Images Bitcoin’s price rallied to a fresh all-time high on Friday, smashing past $41,000 for the first time as investors increasingly view the cryptocurrency as an inflation hedge. The world’s most

William Li, founder and chairman of Nio, shares features of the et7 sedan at a launch event in Chengdu, China, on Jan. 9, 2021. Evelyn Cheng | CNBC BEIJING — Chinese electric car start-up Nio released its first sedan on Saturday with self-driving technology features that the company claims surpass that of Tesla. Pre-subsidy prices

The Going Jessies. Derek Wood (center), Angela Paradis (right) and James Breeding (left) Photo: Derek Wood Derek Wood was about to achieve a lifelong dream. Unemployment benefits may prove to be his foil. Wood, 49, a guitar player and songwriter from the Little Rock, Ark., area, who sings with a soulful country-blues croon, quit his

Check out the companies making headlines in midday trading.  Tesla — The electric vehicle company surged more than 7% to a new record high. Tesla’s market capitalization jumped above $800 billion for the first time on Friday, making the company more valuable than Facebook, and the fifth-most valuable component of the S&P 500. Evercore ISI

Richard Clarida Scott Mlyn | CNBC Federal Reserve Vice Chairman Richard Clarida said he expects the central bank to maintain the pace of its asset purchases through the balance of 2021. “My economic outlook is consistent with us keeping the current pace of purchases throughout the rest of this year,” he told the Council on

Christian Sewing, chief executive officer of Deutsche Bank AG, pauses as Germanys biggest bank announces full year earnings in Frankfurt, Germany, on Friday. Feb. 1, 2019. Deutsche Banks revenue contracted for an eighth straight quarter in the final months of last year, complicating Chief Executive Officer Christian Sewings plan to turn around the lender through

studioEAST | Getty Images LONDON — Bitcoin’s record-breaking rally has led to a surge in retail investment interest in the cryptocurrency market. Crypto exchanges such as Coinbase and Binance and online trading platforms including Revolut and eToro have seen a spike in activity recently, as new investors race to capture some of the wild gains

Erin Scott/Bloomberg via Getty Images Self-employed and gig workers applied for unemployment benefits last week at half the level from the week prior, according to Labor Department data reported Thursday. That suggests a strong rebound, breaking from persistently high — even increasing — levels in recent weeks. But that rebound likely didn’t happen. It only

Source: American Express American Express shares fell after the Wall Street Journal reported that the investigative arms of three U.S. financial agencies were probing the card issuer’s sales practices. Shares of the company dipped 1.3% Thursday after falling as much as 5% earlier. The offices of the inspectors general of the Federal Reserve, Treasury Department

BEIJING — China on Thursday tried to draw parallels between the U.S. riot on Capitol Hill and pro-democracy unrest in Hong Kong that took place two years ago. Chinese state media avoided sharing too much opinion on the news, though state-backed tabloid Global Times showed photos of the chaos in both riots and highlighted what

U.S. stock futures rose slightly in overnight trading on Wednesday as investors digested the likely event of a Democratic held Congress and continued to shrug off riots at the U.S. Capitol. Dow Jones Industrial average futures rose 78 points. S&P 500 futures gained 0.3% and Nasdaq 100 futures added 0.4%. Markets were largely unaffected by

The Federal Reserve’s policymaking group released the minutes Wednesday from its December meeting, which showed broad backing for keeping the central bank’s bond-buying program going until the economy shows firm signs of a durable recovery. Following the two-day session Dec. 15-16, the Federal Open Market Committee voted to keep its benchmark short-term interest rate anchored

Brothers learning at home Vesnaandjic | E+ | Getty Images LONDON — Online education company Kahoot is “on track” to list on the main Norwegian stock market by the end of March, its CEO told CNBC, after a pandemic-driven boom in digital learning helped the firm post strong growth in 2020. Kahoot, which is based

National Securities’ Art Hogan sees trouble brewing in the market. Even though the major indexes closed higher on Tuesday, he sees the coronavirus case surge overtaking positive vaccine news as a market driver — resulting in a 5% to 8% pullback. “We have a tug of war between virus news and vaccine news the better

Kai Pfaffenbach | Reuters Check out the companies making headlines in midday trading. Micron — Micron shares popped more than 6% after a Citi analyst upgraded the chipmaker to buy from sell, citing a favorable supply-and-demand outlook. Alibaba — Shares of the Chinese e-commerce giant jumped more than 4% after CNBC’s David Faber reported billionaire

Traders work on the floor of the NYSE in New York. NYSE BEIJING — For Americans looking to play the China growth story, investing in the country’s U.S.-listed stocks now bears a political risk that could lead to delisting. That means a Chinese company traded on an exchange like the Nasdaq would lose access to

Customers viewing electric vehicles at a Xpeng Motors store on Oct. 6, 2020 in Beijing, China. Visual China Group | Getty Images BEIJING — Chinese electric carmakers are splashing out on prime retail space and taking up storefronts at shopping malls — a new trend that offers relief for China’s commercial property developers who are

Jeff Bezos, Warren Buffett and Jamie Dimon. CNBC Haven, the joint venture formed by three of America’s most powerful companies to lower costs and improve outcomes in health care, is disbanding after three years, CNBC has learned exclusively. The company began informing employees Monday that it will shut down by the end of next month,