The Federal Reserve is pushing ahead with its study into whether to implement its own digital currency and will be releasing a paper on the issue shortly, Chairman Jerome Powell said Wednesday. No decision has been made on the matter yet, he added, and said the Fed does not feel pressured to do something quickly
Finance
A trader works on the floor of the New York Stock Exchange (NYSE) in New York, on Monday, Sept. 20, 2021. Michael Nagle | Bloomberg | Getty Images (Click here to subscribe to the new Delivering Alpha newsletter.) Wall Street investors believe it’s time to take some risk off the table as concerns continue to pile up
In this article 6666-HK A significant buying opportunity may be unfolding on Wall Street. Canaccord Genuity’s Tony Dwyer believes a record rally will follow the recent market tumult. “We’re going to move from this summer of indigestion into the year-end opportunity,” the firm’s chief market strategist told CNBC’s “Trading Nation” on Tuesday. “We’re just not
In this article ATVI JNJ COP DKNG Uber CEO Dara Khosrowshahi speaks at a product launch event in San Francisco, California on September 26, 2019. Philip Pacheco | AFP via Getty Images Check out the companies making headlines in midday trading. Uber — The ride-hailing giant saw its stock surging 11% after the company boosted
LONDON — Klarna will likely wait for volatility in the stock market to settle before solidifying plans for an initial public offering, CEO Sebastian Siemiatkowski has told CNBC. “The volatility in the market right now makes me nervous to IPO to be honest,” Siemiatkowski told CNBC’s Karen Tso at the London Tech Week conference on
In this article WISE-GB The Wise logo displayed on a smartphone screen. Pavlo Gonchar | SOPA Images | LightRocket via Getty Images LONDON — British financial technology firm Wise debuted an investments feature Tuesday that lets users invest in stocks through multiple currencies and spend their holdings. The new feature, called Assets, allows customers to
In this article AAL COIN AZN-GB Bundles of steel from Nucor Corp. sit for sale to at Thompson Building Materials in Lomita, California, U.S., on Thursday, Aug. 30, 2012. Patrick Fallon | Bloomberg | Getty Images Check out the companies making headlines in midday trading. American Airlines, United Airlines, Delta Air Lines — Shares of
In this article CFG CPE A syringe is filled with a dose of Pfizer’s coronavirus disease (COVID-19) vaccine at a pop-up community vaccination center at the Gateway World Christian Center in Valley Stream, New York, U.S., February 23, 2021. Brendan McDermid | Reuters Check out the companies making headlines before the bell: China Evergrande Group
A trader works on the floor at the New York Stock Exchange, August 27, 2021. Source: NYSE U.S. stock futures dipped in overnight trading Sunday after the Dow Jones Industrial Average turned in three straight weeks of losses for the first time since September 2020. Futures on the Dow shed 114 points, or 0.3%. S&P
Stock futures were steady in overnight trading on Thursday as investors remain cautious about the month of September. Dow futures fell 20 points. S&P 500 futures dropped 0.08% and Nasdaq 100 futures dipped 0.09%. On Thursday, the Dow Jones Industrial Average lost 63 points, after being down as much as 274 points at its low.
Signage outside a Chase bank branch in San Francisco, California, on Monday, July 12, 2021. David Paul Morris | Bloomberg | Getty Images LONDON — JPMorgan Chase is gearing up to debut its hotly anticipated digital bank in the U.K. next week. The move will see the U.S. banking giant take on major British lenders
Amid an outcry about Federal Reserve officials owning and trading individual securities, an in-depth look by CNBC at officials’ financial disclosures found three who last year held assets of the same type the Fed itself was buying. Boston Fed President Eric Rosengren held between $151,000 and $800,000 worth of real estate investment trusts that owned
Sam Edwards | Getty Images The day before Goldman Sachs announced its $2.2 billion purchase of fintech lender GreenSky, someone placed options trades that immediately soared in value, moves that market participants say indicates advance knowledge of the deal. On Sept. 14, the trader bought 8,000 options that would only pay off if the price
In this article TMO FANG X IVZ Moderna’s sign is seen outside of their headquarters in Cambridge, MA on March 11, 2021. Boston Globe | Getty Images Check out the companies making headlines in midday trading. Thermo Fisher Scientific — The maker of scientific equipment saw shares jump more than 8.5% after it said earnings
In this article UNM ACCD 788-FF TTWO IVZ MANU Check out the companies making headlines before the bell: Manchester United (MANU) – The soccer team operator reported a quarterly loss that was 5.9% narower than what it lost a year ago amid a 15.9% increase in revenue. Manchester United is not providing full-year revenue or
Jay Leno gave CNBC’s “The News with Shepard Smith” an optimistic outlook when it comes to the future of electric cars, despite the latest warning from General Motors to owners of some Chevy Bolts, advising them not to park within 50 feet of other cars. “The last days of old technology are always better than the
Tourists visit the Bund waterfront area on May 10, 2021 in Shanghai, China. Wang Gang | Visual China Group | Getty Images Investors may need to be more careful when putting money into China, but there are still investing opportunities in world’s second largest economy, according to the chairman of Standard Chartered. Stocks of Chinese
In this article LVS WYNN BYND FSR DASH CSCO Check out the companies making headlines before the bell: Beyond Meat (BYND) — Shares of the alternative-meat maker dipped 2.4% in premarket trading after Piper Sandler downgraded the company to an underweight rating. “Beyond is an early leader in plant-based meat, but we believe its current
A trader works at the New York Stock Exchange (NYSE), August 19, 2021. Andrew Kelly | Reuters Stock futures edged up in overnight trading on Wednesday following a rebound on Wall Street as the market tried to avert the seasonally weak September. Futures on the Dow Jones Industrial Average rose 30 points. S&P 500 futures
In this article MRO WYNN SOFI KSU A worker cleans an escalator on Las Vegas Boulevard in Las Vegas, Nevada, U.S., on Tuesday, March 17, 2020. Joe Buglewicz | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Casino stocks — Casino stocks were under pressure for a second day Wednesday amid heightened