Finance

The Robinhood app on IOS and Android  Source: Robinhood A move by major brokerages this week to scrap trading fees could be a direct hit to Robinhood, the start-up that kicked off the trend six years ago. Charles Schwab, TD Ameritrade and E-Trade all announced this week that they would no longer charge for individual

Customers push shopping carts while exiting a Costco Wholesale Corp. store in Richmond, California. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of Costco dipped 1% during extended trade after the company reported sales that missed analyst expectations for the fourth quarter. The wholesaler reported

Dow Jones Industrial Average rises 122 points The Dow gained 122.42 points, or 0.47% to close at 2,6201.04. The S&P 500 climbed 0.8% to 2,910.63. The Nasdaq Composite advanced 1.12% to 7,872.26. Thursday’s gains chipped away at the market’s massive two-day sell-off to start off the fourth quarter. Faith in the Fed boosts stocks Stocks

The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of Google.  Karen Finerman was a buyer of Delta.  Dan Nathan was a seller of The Consumer Staples Select Sector SPDR Fund. Steve Grasso was a seller of ULTA.  Disclosure Trader disclosure: Tim Seymour is long AMZN, AAPL, ACBFF,

Tesla cars are seen at a shopping mall showroom in Los Angeles. Mark Ralston | AFP | Getty Images Check out the companies making headlines after the bell: Tesla shares dipped as much as 5% during extended trade after the electric-car maker reported lower-than-expected vehicle deliveries for its third quarter. The company delivered 97,000 vehicles,

Dan Dalton | Getty Images So far, businesses in the services sector have been growing at a decent pace and withstanding the headwinds that have hit manufacturing. Economists expect services remains strong but at a slightly slower pace than last month. The next reading to gauge the progress of that sector is Thursday’s 10 a.m.

Dow Jones Industrial Average drops 343 points The Dow dropped 343.79 points, or 1.27% to 26,573.04. The S&P 500 slid 1.23% to close at 2.940.25. The Nasdaq Composite fell 1.13% to 7,908.68 The sharp decline came after disappointing manufacturing data spooked investors. ISM manufacturing dents stocks to start off first quarter Stocks fell after the

Engines assembled as they make their way through the assembly line at the General Motors (GM) manufacturing plant in Spring Hill, Tennessee, August 22, 2019. Harrison McClary | Reuters Wednesday’s report of ADP private payrolls could give clues on the labor market, the next part of the economy to be scrutinized after an important manufacturing

Ray Dalio, founder of investment firm Bridgewater Associates, speaking at the WEF in Davos, Switzerland on Jan. 22, 2019. Adam Galica | CNBC Billionaire hedge fund manager Ray Dalio said the White House’s deliberation on a block on U.S. investments in China made him wonder if bigger moves are on the way. Dalio, founder of

Revolut CEO Nikolay Storonsky speaks onstage at the TechCrunch Disrupt conference in San Francisco, California. Kimberly White | Getty Images British financial technology start-up Revolut’s losses doubled in 2018, the firm said Tuesday, as the company embarks on an aggressive global expansion. The London-headquartered firm recorded a £32.8 million ($40.3 million) net loss on revenues

Chinese President Xi Jinping Denis Balibouse | Reuters BEIJING — Chinese President Xi Jinping said Tuesday in a speech commemorating the 70th anniversary of the Chinese Communist Party’s rule that no force could sway China‘s development. “There is no force that can shake the foundation of this great nation,” Xi said in Mandarin, according to

China’s President Xi Jinping raises his glass and proposes a toast at the end of his speech during the welcome banquet for leaders attending the Belt and Road Forum at the Great Hall of the People in Beijing on April 26, 2019. Nicholas Asfouri | AFP | Getty Images During the Cold War, it would

Walmart has three Sam’s Clubs in Beijing, including this one in Daxing District. The company plans to open five more in the capital city. Evelyn Cheng | CNBC BEIJING — Some are trying to create characters as memorable as Mickey Mouse. Others are launching lessons on how to cook steak. Still others know Chinese parents

BEIJING — Possible U.S. restrictions on investing in Chinese companies would not only have a limited effect on China — but it could also hurt the United States, analysts told CNBC. The comments come on the back of reports that the White House is considering investment curbs on China, such as delisting Chinese stocks in the

Chinese Vice Premier Liu He (L), Central Bank Governor Yi Gang (2nd L) and other Chinese vice ministers and senior officials sit down with Trump Administration officials for negotiations in the Diplomatic Room at the Eisenhower Executive Office Building January 30, 2019 in Washington, DC. Chip Somodevilla | Getty Images BEIJING — China’s top trade

Traders work on the floor at the New York Stock Exchange, August 5, 2019. Brendan McDermid | Reuters Here are the most important things to know about Monday before you hit the door. 1. Crazy quarter ends The third quarter winds down on Monday, concluding a volatile period of three months on Wall Street. The

Dow Jones Industrial Average falls 70 points The Dow fell 70.87 points, or 0.3%, to 26,820.25. The S&P 500 slid 0.5% to close at 2961.79. The Nasdaq Composite dropped 1.1% to 7939.63. The S&P 500 ended the week down 1%, its second straight weekly decline. Curbing investment in China U.S. equity markets reversed early gains

The third quarter wraps up in the week ahead with stocks just slightly higher for the period, after a summer of zigzag moves. The market faces some of the same challenges in the final quarter of the year, including Brexit, the trade war with China, sluggishness in the global economy and the impeachment inquiry into

A new “Test-the-Waters” rule by the Securities and Exchange Commission could help stave off disappointing public market debuts — like those felt by Peloton and SmileDirectClub in recent weeks. The rule, announced Thursday, comes on the heels of a string of lackluster IPOs, and is intended to help companies gauge investor interest before officially going

U.S. Federal Reserve Board Chairwoman Janet Yellen Win McNamee | Getty Images WASHINGTON — The Federal Reserve’s estimates for long-term economic growth may be a bit too positive, former Fed Chair Janet Yellen said Friday. The central bank kept the median estimate for long-term growth at 1.9% earlier this month. An expansion of 1.9% is