Finance

Traders work on the floor of the New York Stock Exchange. Spencer Platt | Getty Images The S&P 500 broke through its previous highs Monday, just as the historically best time of year for stocks got underway. That should give the market fuel for a positive market move into the end of the year, with

Chinese President Xi Jinping addresses the audience at a luncheon at SkyCity Grand Hotel on November 21, 2014 in Auckland, New Zealand. Greg Bowker | Pool | Getty Images Bitcoin’s price rose sharply over the weekend, recovering from a plunge just days earlier, after Chinese President Xi Jinping gave a speech embracing blockchain technology and

The Gmail email application is seen on a portable device in this photo illustration on December 6, 2017. (Photo by Jaap Arriens/NurPhoto via Getty Images) NurPhoto | NurPhoto | Getty Images Here are the most important things to know about Monday before you hit the door. 1. Busiest week of earnings season Monday marks the

Bob Iger, CEO, The Walt Disney Company Scott Mlyn | CNBC It might seem like media companies are finally embracing the future as nearly every major programmer is launching a streaming service. But examining the streaming products of AT&T‘s WarnerMedia, Disney and Comcast‘s NBCUniversal in isolation, a different concept reveals itself. The giants of media

(This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click here.) We’ve been here before – several times, and not long ago. A plodding but steady rally is drawing the S&P 500 toward a new record high as investors lean on modest interest

Jon Najarian Scott Mlyn | CNBC (This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, .) Options trading can be tough but they can give investors’ strategies an edge. At least, that has been the case for Market Rebellion co-founder and CNBC contributor

Robinhood COO Gretchen Howard Source: Colson Griffith Photography. (This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, .) It was early January — just one month after stock-trading start-up Robinhood announced a failed checking and savings product. It was also Gretchen Howard’s first

United Auto Workers members on strike picket outside General Motors’ Detroit-Hamtramck Assembly plant on Sept. 25, 2019 in Detroit. Michael Wayland / CNBC October’s employment report is expected to show job growth of just 90,000 workers, due to the impact of the strike at General Motors on the company’s payroll and those of its suppliers.

Citigroup could double its stock price in the next three to four years, Wells Fargo analyst Mike Mayo told CNBC on Friday. It’s hardly a guarantee, Mayo said, but if the nation’s third-largest bank gets a few things straightened out,  it’s possible. “As long as Citi moves in the right direction, gets the higher returns

An attendee wears a Genius VR headset at the Intel booth during CES 2019 consumer electronics show, January 10, 2019 at the Las Vegas Convention Center in Las Vegas, Nevada. Robyn Beck | AFP | Getty Images Check out the companies making headlines in midday trading. Intel— Shares of Intel surged more than 7% after

Founder of space company Blue Origin, Jeff Bezos, speaks about the future of commercial space travel. Brent Lewis | Denver Post | Getty Images Check out the companies making headlines in midday trading: Amazon stock plunged more than 7% in after-hours trading after the e-commerce giant reported third-quarter earnings fell short of street expectations. The

Jane Fraser, chief executive officer for Latin American at Citigroup Inc., speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019. Kyle Grillot | Bloomberg via Getty Images Citigroup named Jane Fraser president Thursday, filling a role that has been open since earlier this year. Citi CEO Michael

Markets are braced for the Fed to cut rates by a quarter point next week, but some economists say a few of the reasons the Fed gave for making the cuts may be less pressing now. Some see the Fed pausing after the Oct. 30 cut. Goldman Sachs economists, in fact, expects the Fed to

Getty Images Tech start-ups trying to become banks will now have to take a slower, more traditional route. Fintech companies had welcomed a special bank charter that cleared a quicker path for them to become a bank. But that was dealt a blow this week as a federal district court in New York decided that

SpaceX owner and Tesla CEO Elon Musk reacts during a conversation at the E3 gaming convention in Los Angeles, June 13, 2019. Mike Blake | Reuters Check out the companies making headlines after the bell: Tesla shares surged more than 14% during extended trade after a big earnings beat. Tesla reported earnings of $1.86 per share

Facebook co-founder and CEO Mark Zuckerberg testifies before the House Financial Services Committee in the Rayburn House Office Building on Capitol Hill October 23, 2019 in Washington, DC. Chip Somodevilla | Getty Images Facebook could be forced to abandon its own cryptocurrency project if the newly created group steering it decides to move forward without

Pedestrians walk past the People’s Bank of China headquarters in Beijing, China, on January 7, 2019. Giulia Marchi | Bloomberg | Getty Images BEIJING — The People’s Bank of China is choosing not to follow many other major central banks in cutting interest rates as it tries to navigate a challenging economic environment. China’s central

Check out the companies making headlines after the bell: Shares of Snap tanked as much as 15% during extended trade despite the company posting better-than-expected third-quarter earnings and user metrics. The maker of Snapchat posted a loss of 4 cents per share, which was better than the 5 cent loss per share Wall Street expected.

Getty Images Shares of Travelers dropped more than 6% after the insurer reported weaker-than-expected quarterly earnings. The stock was on pace for its biggest one-day drop since Aug. 8, 2011, when it fell 7.6%. Travelers’ decline shaved off about 70 points from the Dow Jones Industrial Average, which flopped around the flatline for most of

Guests have their faces scanned at the World Artificial Intelligence Conference in Shanghai in August, 2019. Hector Retamal | AFP | Getty Images BEIJING — China struck a confident tone Tuesday in the face of new challenges from the U.S. to Chinese technological development. Amid ongoing trade tensions between the two countries, U.S. President Donald Trump’s