Finance

Barclays and HSBC buildings are seen amid the outbreak of the coronavirus disease (COVID-19), in London, Britain October 20, 2020. Matthew Childs | Reuters Barclays beat second-quarter profit expectations on Wednesday and boosted returns to shareholders, with its investment banking and equities businesses posting record incomes. The British lender posted a quarterly attributable profit of
0 Comments
Longtime market bull Phil Orlando is bracing for a rough stretch because Wall Street has reached a critical “inflection point.” The Federated Hermes chief equity market strategist is blaming the risk dynamic. Not only does Orlando see hotter-than-expected inflation and the Covid-19 delta variant as glaring issues, he’s also worried about uncertainty surrounding monetary and fiscal
0 Comments
Economist Stephen Roach warns Beijing’s crackdown against U.S.-listed China stocks will have widespread market implications. Roach, who is considered one of the world’s leading experts on Asia, believes the actions are signaling the early stages of a cold war. “I am a congenital optimist when it comes to China. But I find these actions really
0 Comments
Chinese private educational company New Oriental logo seen in Shanghai. SOPA Images | LightRocket | Getty Images BEIJING — Two U.S.-listed Chinese education stocks plunged sharply in pre-market trading Friday after reports of a government crackdown on the sector that included bans on foreign investment. TAL Education shares fell 55% in extended, early-hours trading. New
0 Comments
In this article AXP INTC SAM HON TWTR S3 Studio | Getty Images Check out the companies making headlines in midday trading. Snap — Shares of Snap soared roughly 24% after better-than-expected second-quarter earnings results. The social media company reported strong growth of users, engagement and ads. Twitter — Twitter shares gained 3.4% after reporting its fastest revenue
0 Comments
Anthony Scaramucci, former director of communications for the White House and founder of SkyBridge Capital LLC, speaks during the Skybridge Alternatives (SALT) conference in Las Vegas, Nevada, on May 8, 2019. Joe Buglewicz | Bloomberg | Getty Images Anthony Scaramucci, founder and co-managing partner of SkyBridge, told CNBC on Friday he’s mandated Covid shots at
0 Comments
An illustration showing the cryptocurrency bitcoin with a price chart in the background. STR | NurPhoto via Getty Images Funding for blockchain start-ups topped $4 billion for the first time in the second quarter, despite a sharp slump in cryptocurrency prices. Companies in the nascent industry raised a record $4.38 billion, according to data from
0 Comments
Chinese authorities have promoted the use of the yuan worldwide, while the U.S. dollar dominates global transactions. Getty Images BEIJING — When it comes to the investment outlook, one Chinese economist predicts once-a-century opportunities will emerge from a “struggle for supremacy” between the U.S. and China. This game-changing window comes from upheaval on both sides,
0 Comments
Investors may want to consider putting new money to work in stocks. This recent upheaval is creating significant investment opportunities in cyclical and value stocks, according to Bryn Mawr Trust’s Jeff Mills. “[These areas] of the market that have really been left for dead for the better part of two months is really encouraging to
0 Comments