Finance

Evan Spiegel, co-founder and chief executive officer of Snap Inc., speaks during the New Work Summit in Half Moon Bay, California, U.S., on Monday, Feb. 25, 2019. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines midday Monday: Devon Energy, WPX Energy — Shares of Devon jumped 9% while WPX

With a little more than five weeks before Election Day, Allianz Global Investors’ Mona Mahajan speculates the worst of the correction is behind the market. She believes true fear on Wall Street is absent, and the current level of uncertainty should limit sharp upside and downside moves. “A lot of institutional investors buyers, especially, are

People visit China Telecom’s booth during 2019 World 5G Convention at Beijing Etrong International Exhibition & Convention Center on November 21, 2019 in Beijing, China. VCG | Getty Images BEIJING — Global investors are stepping up their bets on Asia, particularly China, regardless of the coronavirus pandemic’s shock to growth or growing geopolitical tensions.  Just this

A Chinese national flag seen in front of Oriental Pearl Tower in Shanghai on September 8, 2019. Alex Tai | SOPA Images | LightRocket via Getty Images SINGAPORE — Major index provider FTSE Russell said Thursday it will add Chinese government bonds to its flagship World Government Bond Index from October next year — a development

Take a look at some of the biggest movers in the premarket: Costco (COST) – Costco reported quarterly earnings of $3.04 per share, 20 cents a share above estimates. The warehouse retailer’s revenue also beat Wall Street forecasts. Comparable-store sales rose 11.4% compared to the 7.8% consensus estimate of analysts polled by Refinitiv. Costco also

Tesla vehicles are displayed in a Manhattan dealership on September 08, 2020 in New York City. Spencer Platt | Getty Images Check out the companies making headlines in midday trading: Bristol-Myers Squibb — Shares of the pharmaceutical company rose 1.2% after it announced positive interim results from a phase three trial of an immunotherapy drug

The man in charge of building investment strategy for Wells Fargo Securities won’t put new money to work in stocks right now. Christopher Harvey believes the market is too vulnerable to another correction and a 50% surge in volatility. He lists two troublesome forces for his decision: A potentially contested presidential election and the latest

South Korean boy band BTS backstage during the 61st Annual GRAMMY Awards at Staples Center on February 10, 2019 in Los Angeles, California. John Shearer | Getty Images Entertainment | Getty Images SINGAPORE — Shares of Big Hit Entertainment, the music label behind global K-pop phenomenon BTS, were priced on Monday at the top end of

Spencer Platt | Getty Images News | Getty Images Stock futures climbed in overnight trading on Sunday following a four-week losing streak on Wall Street. Futures on the Dow Jones Industrial Average rose about 100 points. The S&P 500 futures gained 0.3% and the Nasdaq 100 futures climbed 0.3% as well. The S&P 500 and

U.S. government debt prices were lower on Monday as investors monitored rising coronavirus cases and political developments. The yield on the benchmark 10-year Treasury note rose to 0.66%, while the yield on the 30-year Treasury bond was also higher at 1.41%. Bond yields move inversely to prices. Signs of a worsening pandemic continue to keep investors

A man walks near the New York Stock Exchange (NYSE) on August 31, 2020 at Wall Street in New York City. Angela Weiss | AFP | Getty Images Stock futures held steady in overnight trading on Monday following a steep sell-off on Wall Street. Futures on the Dow Jones Industrial Average fell about 10 points.

A Deutsche Bank AG flag flies outside the company’s office on Wall Street in New York. Mark Kauzlarich | Bloomberg | Getty Images Financial stocks came under pressure on Monday amid a report that a number of global banks moved allegedly illicit funds over the past two decades despite warnings from U.S. officials. Shares of

A pedestrian with a umbrella walks pass a logo of Deutsche Bank in Frankfurt am Main, Germany. Thomas Lohnes | Getty Images SINGAPORE — Germany’s largest lender Deutsche Bank appears to have facilitated more than half of the leaked $2 trillion of suspicious transactions that were flagged to the U.S. government over nearly two decades,

People visit the Charging Bull Statue during Covid-19 pandemic in Lower Manhattan, New York City, United States on May 25, 2020. Tayfun Coskun | Anadolu Agency | Getty Images U.S. stock futures dipped on Sunday night as the market tried to bounce back from its longest weekly losing streak in about a year. Dow Jones

James Bullard Olivia Michael | CNBC St. Louis Federal Reserve President James Bullard offered an optimistic look on the U.S. economy, with “off the charts” growth that will help lift inflation. Bullard also said he sees the unemployment rate falling to 6.5% by the end of the year, an estimate well below the median projection

CEO of Tesla Motors Elon Musk reacts following the company’s initial public offering at the NASDAQ market in New York June 29, 2010 Brendan McDermid | Reuters Check out the companies making headlines in midday trading.  U.S. Steel — U.S. Steel shares popped more than 9% after the company reported a smaller-than-expected loss for its

A member of exchange staff uses a fixed-line telephone while looking at financial data on computer screens on the trading floor of Bats Europe, the European arm of Bats Global Markets Inc., in London, U.K.. Jason Alden/Bloomberg | Bloomberg | Getty Images Trading floors in banks have been immortalized in countless Hollywood movies. Chaotic scenes

Red fire retardant blankets burned residences and vehicles in the aftermath of the Almeda fire in Talent, Oregon, U.S., September 14, 2020. Adrees Latif | Reuters The U.S. is about halfway through the 2020 wildfire season, but historic blazes in California, Oregon and Washington have already decimated millions of acres, destroyed entire communities and caused

Well, that was fast. It took just 12 trading sessions for Apple to plunge more than 20% from its all-time high, shedding over half a trillion in market capitalization. The tech giant has lost 22.5% from its intraday record high of $137.98 from Sept. 2, losing around $536 billion in market value. Apple’s fast and

Check out the companies making headlines in the premarket Friday: Home Depot (HD), Lowe’s (LOW) — An analyst at Oppenheimer downgraded both of the home improvement companies to “perform” from “outperform.” He also lowered his price targets on the two stocks, noting that, near term, “we’re increasingly concerned that the market is becoming too lax toward chances