If Democrats pursue an impeachment of President Donald Trump, it could rattle markets and create temporary uncertainty, but the GOP-led Senate may not go along with any effort to oust Trump or stop any of the president’s economic initiatives. House Speaker Nancy Pelosi told reporters she would have an announcement at 5 p.m. ET Tuesday,
Finance
Charles Li Xiaojia, Chief Executive of Hong Kong Exchanges and Clearing Limited (HKEx) attends OSC’s Money Talk Charity breakfast in Central. 15DEC15 (Photo by Paul Yeung/South China Morning Post via Getty Images) South China Morning Post | Getty Images Hong Kong Exchange and Clearing (HKEX) was “late” to making a takeover offer for the London
People exit the New York Stock Exchange building along Wall Street in New York City. Stephanie Keith | Getty Images Check out the companies making headlines after the bell: VEREIT shares tanked nearly 12% before settling 2.3% under its closing price after the real estate investment company announced it will offer 71 million shares of
Stocks have been grinding sideways, but once they breakout, the move to the upside could be powerful, technical analysts say. The S&P 500 has been edging closer to 3,028, its high from July 26, but it has backed off a number of times, creating a jagged seesaw pattern on August’s chart. On Monday, the S&P
Chesnot | Getty Images Intercontinental Exchange, the owner of the New York Stock Exchange, launched its bitcoin futures contracts late Sunday, in a move aimed at enticing investors who have hesitated about trading the cryptocurrency. The first trade in the new contracts was executed on ICE’s futures exchange at 8:02 p.m. ET at a price
The London Eye, the Big Ben clock tower and the City of London financial district are seen from the Broadway development site in central London, Britain, August 23, 2017. Hannah McKay | Reuters London has beaten New York in luring the largest amount of fundraising deals for financial technology companies so far in 2019, fresh
The Federal Reserve is taking a meeting-by-meeting approach to setting interest rates and for now is not committed to a set course of action ahead, Vice Chairman Richard Clarida told CNBC. “We’re gonna take this meeting by meeting. We’re not on a preset course,” Clarida told Sara Eisen during an interview Friday on “Squawk on the Street.”
Chinese trade negotiators had a sudden change of plans Friday, canceling a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week. The Chinese delegation has changed its travel schedule and is headed back to China earlier than planned, according to Nicole Rolf, the Montana Farm Bureau Federation’s director of
A trader works at the New York Stock Exchange in New York. Wang Ying | Xinhua News Agency | Getty Images What exactly happened during the “once in a decade” stock market rotation earlier this month that rocked investors? It might’ve just been a one-off technical move and not based on fundamentals. A huge rotation
With the S&P 500 about one percent from its all-time highs, Wall Street bull Edward Yardeni is predicts a record breakout is coming. The Yardeni Research president believes between now and the end of next year, the index will soar 17% from current levels. “I’ve got 3,500 as my target for next year,” he told
Goldman Sachs CEO David Solomon performs at Schimanski night club in Brooklyn, New York, October 14, 2018. Trevor Hunnicutt | Reuters To the many titles of David Solomon, including CEO of Goldman Sachs and electronic music performer DJ D-Sol, add one more: music impresario. Solomon launched Payback Records last year as his music career was
Traders and financial professionals work on the floor of the New York Stock Exchange (NYSE) at the opening bell on August 19, 2019 in New York City. Drew Angerer | Getty Images Developments in U.S.-Chinese trade talks and the comments from a host of Fed speakers could be important for markets in the week ahead,
The New York Federal Reserve will continue overnight repurchase operations through October as it seeks to quell market instability from earlier this week. Short-term rates in the “repo” market spiked overnight Monday amid a shortfall in funding stemming from a variety of factors. The Fed responded with a series of liquidity injections aimed at preventing
U.S. Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer arrive for a group photo session after a meeting with Chinese Vice Premier Liu He in Beijing on May 1, 2019. Andy Wong | AFP | Getty Images BEIJING — The U.S. is temporarily exempting more than 400 types of Chinese products from tariffs
British pounds Matt Cardy | Getty Images The British pound jumped on Thursday after European Commission President Jean-Claude Juncker said he is confident a Brexit deal will get passed before the deadline. “I think we can have a deal,” Juncker said in an interview with Sky News. “I am doing everything to have a deal
A visual representation of a cryptocurrency coin on display in front of the logos for Facebook and Libra. Chesnot | Getty Images Policymakers around the world have upped the pressure on libra, the digital currency being introduced by Facebook, amid concerns it could heavily disrupt the global financial system. On Tuesday, European Central Bank board
People walk past an AT&T store in New York on October 23, 2016. Kena Betancur | AFP |Getty Images Check out the companies making headlines after the bell: AT&T shares climbed more than 2% in extended trading following a Wall Street Journal report that the company is exploring a spinoff of DirectTV unit as its
Traders work on the floor of the New York Stock Exchange (NYSE) on August 23, 2019 in New York City. Eduardo Munoz Alvarez | Getty Images Check out the companies making headlines in midday trading: FedEx — Shares of the shipping giant dropped more than 14% on the back of weak quarterly earnings. FedEx reported
Large banking institutions face the risk of failure if interest rates in Europe continue to stay negative, an economist told CNBC after the European Central Bank cut rates last week. “I think there are big questions to banking sector profitability,” global chief economist of the Economist Intelligence Unit, Simon Baptist, said Friday. The ECB on
Jeffrey Gundlach speaking at the 2019 SOHN Conference in New York on May 6th, 2019. Adam Jeffery | CNBC DoubleLine CEO Jeffrey Gundlach believes the bottom for interest rates is in for 2019. Growing fears about a possible global economic slowdown prompted Treasury yields to hit their historic lows a few weeks ago. The so-called