Finance

New cars for export wait for shipping at a seaport in Yantai, China on September 7, 2021. Feature China | Barcroft Media | Getty Images BEIJING — Chinese authorities will allow full foreign ownership of passenger car manufacturing in the country beginning Jan. 1, 2022. That’s according to a release Monday from the Ministry of

In this article .FCHI .GDAXI .FTSE LONDON — European stocks are set to open slightly higher Thursday as traders looked to signs that the omicron Covid-19 variant is not as severe as previously feared. Britain’s FTSE 100 is seen climbing 27 points to 7,347, Germany’s DAX rising 51 points to 15,617 and the French CAC

In this article TSLA SFIX NVAX 9618-HK NKLA AVO Check out the companies making headlines before the bell: Novavax (NVAX) – Novavax jumped 3.4% in the premarket after the drugmaker said a two-dose treatment of its Covid-19 vaccine demonstrated strong immune responses against the omicron variant. It did add that the response to omicron was

In this article .STOXX .FCHI .GDAXI .FTSE LONDON — European markets are set to open slightly lower in what’s likely to be a thin trading session on Christmas Eve, with traders keeping a watchful eye on the latest developments around the omicron Covid variant. Britain’s FTSE 100 is seen losing 19 points at 7,362, Germany’s

In this article NKLA WYNN CROX TSLA Nikola Motor Company Two truck Source: Nikola Motor Company Check out the companies making headlines in midday trading. Nikola — The electric truck maker saw its stock surging more than 16% a day after the company announced on Twitter that its first customer delivery is done and signaled there’s more to

In this article NKLA San Pedro, CA – December 17: The first two zero-emissions electric trucks, from an order of 100 vehicles, delivered from the Nikola Corporation to Total Transportation Services at the Port of Los Angeles in San Pedro on Friday, December 17, 2021. Brittany Murray | MediaNews Group | Getty Images Nikola shares jumped

In this article 9618-HK 700-HK JD.com plummeted Thursday after Tencent announced it will be giving most of its shares in the Chinese e-commerce giant away to its shareholders. Tencent said it will declare a one-time dividend in which it will distribute more than 457 million Class A ordinary shares of JD.com to shareholders, with a

Stock futures were slightly higher Wednesday evening following the second trading day in which equities climbed higher, as investors looked past earlier jitters about the spread of the omicron Covid variant. Futures contracts tied to the Dow Jones Industrial Average added 0.06%. S&P 500 futures rose 0.1% and Nasdaq 100 futures gained 0.06%. In regular

In this article PAYX COIN BABA TSLA KMX A Tesla store in Beijing, China, on July 4, 2021. Costfoto | Barcroft Media | Getty Images Check out the companies making headlines in midday trading. CarMax — CarMax shares fell nearly 4.9% despite the used car retailer’s better-than-expected quarterly report. The company posted earnings of $1.63 per

A top strategist suggests the market is settling down. Despite Covid-19 omicron risks, Oppenheimer Asset Management’s John Stoltzfus suggests Tuesday’s market bounce is real. “We believe in it. We think investors should as well,” the firm’s chief investment strategist told CNBC’s “Trading Nation.” “The selling that we’ve seen over the last few days was overdone.”

Stock futures opened flat on Tuesday night after the major averages rebounded from a three-day losing streak spurred by fears about the omicron Covid variant. Dow Jones Industrial Average futures fell 0.03%. S&P 500 futures inched 0.06% lower and Nasdaq 100 futures slipped 0.1%. All three of the major averages rallied in regular trading, pushing

Take a look at some of the biggest movers in the premarket: Nike (NKE) – Nike jumped 3.5% in the premarket after it reported quarterly earnings of 83 cents per share, 20 cents a share above estimates. Revenue was slightly above forecasts, but the athletic footwear and apparel maker said sales were hurt by a

Traders work on the trading floor at the New York Stock Exchange (NYSE) in New York, December 17, 2021. Andrew Kelly | Reuters Stock futures climbed in overnight trading Monday following a broad sell-off amid fears about the fast-spreading omicron Covid variant. Futures on the Dow Jones Industrial Average gained 110 points. S&P 500 futures

PNC Financial is throwing cold water on the fourth-quarter rally. Covid omicron fears will take a heavy toll on risk appetites over the next two weeks, according to Chief Investment Officer Amanda Agati. “We’ve already gotten the Santa rally,” she told CNBC’s “Trading Nation” on Monday. “We’re seeing a little bit of investor fatigue here.”

In this article WEED-CA BIIB UAL RCL MRNA CERN Check out the companies making headlines before the bell: Moderna (MRNA) – Moderna shares jumped 7.2% in the premarket after the drugmaker said a booster dose of its Covid-19 vaccine increased protection against the omicron variant 37-fold. Amid the spread of omicron, other vaccine makers are

In this article EA UBI-FR A gamer uses a PS4 controller as he plays the new Ubisoft video game Watch Dogs Legion on October 28, 2020. Kenzo Tribouillard | AFP via Getty Images Gamers are a notoriously skeptical crowd. In 2018, for example, Electronic Arts faced huge backlash over a decision to let players pay

Traders work on the floor of the New York Stock Exchange (NYSE) on December 08, 2021 in New York City. Spencer Platt | Getty Images Stock futures fluctuated in overnight trading Sunday following a losing week as investors continued to grapple with the resurgence of Covid cases and an upcoming shift in the Federal Reserve’s

Russia’s President Vladimir Putin and China’s President Xi Jinping (L-R on the screen) shake hands during an official ceremony, via teleconference, to launch Russian gas supplies to China via the eastern route. Mikhail Metzel | TASS | Getty Images BEIJING — International pressure may have pushed China and Russia closer together, but not enough for

In this article SEZNL Z1P-AU APT-AU AFRM An Afterpay logo is seen displayed on a smartphone. Igor Golovniov | SOPA Images | LightRocket | Getty Images Shares of several “buy now, pay later” firms sank sharply after the U.S. consumer watchdog opened an investigation into the sector. The Consumer Financial Protection Bureau said Thursday it

Chris Ratcliffe | Bloomberg | Getty Images When Kickstarter unveiled its ambition to develop a blockchain-based crowdfunding system, the company characterized the move as a way to push creators closer to their audiences. “Backers should be able to easily discover and participate more deeply in projects, better control their data, and have more robust tools