Federal Reserve Vice Chairman Richard Clarida doused talk of a rate cut, saying in an interview Thursday with CNBC that he doesn’t think most market participants really expect one or that it is noted. “Market pricing for rate cuts is a little tricky, because there’s market expectations for rates, there also can be term and
Finance
Andrew Harrer | Bloomberg | Getty Images Check out the companies making headlines after the bell: Zillow — Shares of the real estate information company climbed 8% in extended trading after the company reported strong fourth-quarter financial results. Zillow had revenue of $944 million in the quarter, while analysts were expecting $815 million, according to
Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, January 24, 2020. Lucas Jackson | Reuters A bubble has formed in defensive and low-volatility stocks as coronavirus fears drove a record number of investors to those pockets of the market, according to JPMorgan’s quant guru
Take a look at some of the biggest movers in the premarket: Dish Network (DISH) – The satellite TV provider beat estimates by 10 cents a share, with quarterly earnings of 69 cents per share. Revenue also beat forecasts. Pay-TV subscribership declined, but at a slower pace. Garmin (GRMN) – The maker of GPS and
Chinese students of Fuyang No.5 Middle School study in a classroom at night for upcoming National College Entrance Examination (Gaokao) on May 29, 2018 in Fuyang, China. Visual China Group | Getty Images As local governments in China delay the re-opening of schools to limit the spread of the new virus, parents and institutions are
Sir Richard Branson stands on the floor of the New York Stock Exchange (NYSE) ahead of Virgin Galactic (SPCE) trading in New York, U.S., October 28, 2019. Richard Branson Virgin Galactic IPO NYSE Check out the companies making headlines in midday trading. Apple — Shares of the iPhone maker fell 2.7% after Apple said that it
Take a look at some of the biggest movers in the premarket: Walmart (WMT) – The retail giant reported quarterly profit of $1.38 per share, missing estimates by 5 cents a share. Revenue also fell short of forecasts, and Walmart gave a full-year forecast that was short of the Street’s outlook. CFO Brett Biggs told
HSBC logo is displayed outside a branch of in the United Kingdom. Matt Cardy | Getty Images HSBC is scheduled to report its earnings for the full year of 2019 this afternoon — and investors are expecting the largest bank in Europe to warn of challenging times ahead. Analysts have expected HSBC’s report card for
N26’s logo seen displayed on a smartphone. Rafael Henrique | SOPA Images | LightRocket via Getty Images Customers of the German online bank N26 say they feel “outraged” and “betrayed” by the firm’s decision to leave the U.K. Berlin-based N26 announced last week that it would no longer be able to operate in the country
Take a look at some of the biggest movers in the premarket: Newell Brands (NWL) – The consumer products company reported quarterly earnings of 42 cents per share, 3 cents a share above estimates. Revenue also beat forecasts, however its full-year guidance was largely below estimates and it predicts core sales flat to down 2%
Elon Musk, co-founder and chief executive officer of Tesla Inc., speaks during an unveiling event for the Boring Co. Hawthorne test tunnel in Hawthorne, California, U.S., on Tuesday, Dec. 18, 2018. Robyn Beck | Bloomberg | Getty Images This is a live blog. Check back for updates. 9:34 am: Stocks open little changed, strong earnings
Giant letters, reading the word ‘blockchain’, are displayed at the blockchain centre, which aims at boosting start-ups, on February 7, 2018 in Lithuania’s capital Vilnius. Petras Malukas | AFP | Getty Images BEIJING – As Chinese authorities rush to support businesses struggling to survive the effects of the new coronavirus, blockchain technology is showing its
Hillary Clinton speaks onstage at ‘Hillary Clinton and Chelsea Clinton discuss their new book ‘The Book of Gutsy Women’ at The Wilshire Ebell Theatre on November 05, 2019 in Los Angeles, Emma McIntyre | Getty Images Presidential candidate Mike Bloomberg is considering Hillary Clinton as a vice presidential running mate after positive internal polling about
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 The Trump administration may stop exporting jet engines manufactured partly
Elon Musk, chief executive officer of Space Exploration Technologies Corp. (SpaceX) and Tesla Inc., speaks during an event at the SpaceX launch facility in Cameron County, Texas, U.S., on Saturday, Sept. 28, 2019. Bronte Wittpenn | Bloomberg | Getty Images Tesla‘s stock has piqued the interest of professional and retail traders alike as they try
U.S. consumer sentiment figures for February came in higher than expected despite the recent outbreak of the coronavirus. The University of Michigan’s consumer sentiment index came in at 100.9 for February. Economists polled by Dow Jones expected February consumer sentiment to come in at 99.5. Consumers’ assessment of current economic conditions were virtually unchanged from
Wall Street used to be full of traders. Buying and selling stocks or bonds used to happen on the phone, in person or in the packed trading pits in Chicago, New York and London. Prestigious investment banks boasted of trading desks the size of football fields. Now, they’re losing money on trading operations and laying
Federal Reserve nominee Judy Shelton faced a blistering confirmation hearing Thursday, as senators grilled her over her views on central bank independence, the gold standard and whether the money that people deposit at banks should be insured. Facing a barrage of criticism over multiple statements she has made over the years, Shelton defended herself as
People pass by a video sign display with the logo for Roku, a Fox-backed video streaming firm, that held it’s IPO at the Nasdaq Marketsite in New York, September 28, 2017. Brendan McDermid | Reuters Check out the companies making headlines after the bell: Roku – Shares of the streaming company jumped 5% in extended
St. Clare’s Hospital was everything to Jerry and Kathy Adach. They married after meeting at the Schenectady, New York area hospital, where both worked, in the early ’80s. Their two daughters were born there. The couple, who devoted a combined 59 years of service to the facility, had expected to retire with a good pension