Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a House Budget Committee hearing in Washington, D.C., U.S., on Thursday, Nov. 14, 2019. Andrew Harrer | Bloomberg | Getty Images The Federal Reserve’s move into the next phase of its corporate bond buying is generating renewed concerns over potential asset bubbles. In the latest
Finance
A person wearing a face mask walks along Wall Street after further cases of coronavirus were confirmed in New York, March 6, 2020. Andrew Kelly | Reuters This is a live blog. Check back for updates. 7:38 am: Stock futures higher Dow Jones Industrial Average futures were higher by about 100 points. S&P 500 futures and Nasdaq-100 futures were
A pedestrian wearing a protective mask walks through the Lujiazui financial district in Shanghai, China, on Friday, March 20, 2020. Qilai Shen | Bloomberg | Getty Images As global uncertainty escalates, more foreign businesses are buying into China, including deals in the more sensitive industries of finance and technology. “Over the past 18 months, we
Traders could be in for a wild ride Friday because of a couple technical factors. The S&P 500 will have its first rebalancing of the year at Friday’s close, more than three months after the market’s wild swings forced S&P Dow Jones Indices to delay this traditional quarterly event. Index rebalancing has often been associated
The Federal Reserve is seeing high demand for its business loan initiative put in place to help smaller companies get through the coronavirus-induced recession, Boston Fed President Eric Rosengren said Friday. As the Main Street lending facility wraps up its first full week of operation, Rosengren reported brisk interest on the borrowing side amid what
Traders wearing masks work inside posts, on the first day of in-person trading since the closure during the outbreak of the coronavirus disease (COVID-19) on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 26, 2020. Brendan McDermid | Reuters Bluster about bubbles is blowing through Wall Street again, stirring
New York Stock Exchange building is seen at the Financial District in New York City, United States on March 29, 2020. Tayfun Coskun | Anadolu Agency | Getty Images Formal recognition of Juneteenth, a day commemorating the end of slavery in the United States, is gaining traction in corporate America, with a growing number of
The Slack Technologies application is displayed on an Apple iPhone in an arranged photograph taken in Arlington, Virginia, on Monday, April 29, 2019. Andrew Harrer | Bloomberg | Getty Images Check out the companies making headlines midday Friday: Slack — Shares of Slack Technologies dipped nearly 2% after Goldman Sachs downgraded the business messaging service to sell
The New York Stock Exchange (NYSE) stands in lower Manhattan on May 18, 2020 in New York City. Markets surged today as promising details of a potential COVID-19 vaccine were released and more European countries gradually re-opened after months of lockdown. Spencer Platt | Getty Images The stock market, so eager to put the entire
Markus Braun, CEO of the technology and financial services company Wirecard, poses in the company headquarters in Aschheim near Munich, southern Germany, on September 18, 2018. (Photo by Christof STACHE / AFP) (Photo credit should read CHRISTOF STACHE/AFP/Getty Images) CHRISTOF STACHE | AFP | Getty Images Wirecard CEO Markus Braun has stepped down as a
Long-time bear David Tice believes the market has become a house of cards. The AdvisorShares Ranger Equity Bear ETF manager warns unprecedented Federal Reserve policies designed to mitigate the coronavirus fallout is creating major damage. “I find the biggest disconnect that we’ve ever seen in my 35-year history of watching Wall Street between fundamentals of
Closed businesses on May 21, 2020, in Baltimore, Maryland. (Photo by Salwan Georges/The Washington Post via Getty Images) Lawmakers should replace a $600 unemployment supplement for jobless workers with a maximum $400 a week, according to a new proposal issued by a group of powerhouse economists. The proposal comes as Democrats and Republicans debate the merits
Passengers board an American Airlines flight to Charlotte, North Carolina at San Diego International Airport on May 20, 2020 in San Diego, California. Sandy Huffaker | Getty Images Check out the companies making headlines after the bell. Hertz — Shares of the car rental company whipsawed and fell 4% in extended trading after the company
An Institutional Investor Hall of Famer sees more trouble lurking in the market. Richard Bernstein warns unprecedented Federal Reserve policies may eventually cause serious harm. He cites near record deficits and aggressive efforts to increase the money supply among the biggest problems. “I’m surprised that people aren’t more concerned about what huge monetary growth means
Jamie Grill | JGI | Getty Images This is breaking news. Please check back for updates. Federal Reserve Chairman Jerome Powell told Congress on Wednesday that the circulation of physical coinage ground to a halt amid the coronavirus outbreak but that the central bank is working to fix the flow. The topic came to light after
The Norwegian Bliss cruise ship is seen docked on March 15, 2020 in New York City. Mayor Bill de Blasio said on Tuesday that any cruise ship passenger disembarking in New York City with a temperature over 100.4 will be given the choice of self-isolating at home or be taken to a hospital to protect
U.S. stock futures moved lower in overnight trading, following a big rally in the previous session fueled by growing belief that the worst may be over for the world’s largest economy. Dow futures fell 180 points, indicating a loss of 0.7% at the open on Wednesday. The S&P 500 and Nasdaq-100 were also set to
Marilyn Booker attends the BET Awards Welcome Party at Liaison Lounge on June 21, 2019 in Los Angeles, California. Joshua Blanchard | Getty Images Marilyn Booker, a 26-year veteran of Morgan Stanley who spent most of that time as the firm’s global diversity chief, is suing the bank for racial discrimination and retaliation. Booker, who served
The Chumash Casino Resort, located in Santa Barbara County’s Santa Ynez Valley, prepares to reopen on June 10 after a three month closure due to Covid-19 as viewed on June 5, 2020, in Santa Ynez, California. George Rose | Getty Images Walk into a newly reopened Las Vegas casino and you’ll see dealers wearing masks
The stronger dollar era may be on borrowed time. Stephen Roach, one of the world’s leading authorities on Asia, is worried a changing global landscape paired with a massive U.S. budget deficit will spark a dollar crash. “The U.S. economy has been afflicted with some significant macro imbalances for a long time, namely a very