Finance

This is a developing story. Check back for updates. Boston Federal Reserve President Eric Rosengren believes the U.S. economy is on track for GDP growth of just 1.7% for the second half of 2019. Asked by CNBC’s Steve Liesman on Friday how much he thinks the economy will grow by year’s end, the Fed official

Katie Haun, Andreessen Horowitz general partner. Source: Andreessen Horowitz Seven years ago, bitcoin was a foreign language to federal prosecutor Katie Haun. That changed when her boss at the U.S. attorney’s office asked her to look into shutting it down. What’s now the most widely used cryptocurrency was a niche payment method being used in

A worker assembles truck engine cooling module components at the MAHLE Behr Charleston Inc. auto part facility in Charleston, South Carolina. Luke Sharrett | Bloomberg | Getty Images There have never been more Black and Hispanic Americans in the workforce, Friday’s Labor Department job report showed. The jobless rate for Hispanics hit a record low

PNC Financial’s Amanda Agati expects the fourth quarter to take investors on a wild ride. But that doesn’t mean investors will be clutching their stomachs the whole time. According to the firm’s chief investment strategist, stocks should still deliver gains for investors over the next three months despite the recent batch of sluggish economic reports.

[embedded content] [This stream is scheduled to begin Friday at 2 p.m. ET] Federal Reserve Chairman Jerome Powell is set to speak Friday at a “Fed Listens” event organized by the central bank in Washington. The event is part of a monetary policy communication review by the Fed. Powell’s remarks will come after the release

US Federal Reserve Chairman Jerome Powell speaks during a press conference after a Federal Open Market Committee meeting in Washington, DC on July 31, 2019. Andrew Caballero-Reynolds | AFP | Getty Images Federal Reserve Chairman Jerome Powell described the U.S. economy on Friday as being solid, noting the central bank must do what it can

Stocks will try to regain their mojo next week as China and the U.S. hold long-awaited trade negotiations in Washington. The Dow Jones Industrial Average dropped 0.9% this week while the S&P 500 slid about 0.3%. Overall, the two averages posted their first three-week losing streak since August. Wall Street’s poor performance for the week

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