Christine Lagarde, president of the European Central Bank (ECB), speaks during a live stream video of the central bank’s virtual rate decision news conference. Bloomberg | Bloomberg | Getty Images The European Central Bank’s new inflation target and its possible effects on monetary policy will be the key topic of this week’s meeting in Frankfurt.
Finance
Signage illuminated at the China Huarong Asset Management Co. headquarters on Financial Street in Beijing, China, on Wednesday, May 19, 2021. Yan Cong | Bloomberg | Getty Images BEIJING — Weak spots are emerging in China’s growing debt pile. National debt levels have climbed to nearly four times of GDP, while an increasing number of
U.S. stock futures were steady in overnight trading on Tuesday after the major averages clawed back much of their losses from Monday’s sell-off. Dow futures rose 25 points. S&P 500 futures gained 0.1% and Nasdaq 100 futures rose 0.08%. Netflix reported disappointing third quarter subscriber guidance after the bell on Tuesday, but the stock was
An employer holds flyers for hospitality employment during a Zislis Group job fair at The Brew Hall on June 23, 2021 in Torrance, California. Patrick T. Fallon | AFP | Getty Images Millions of Americans are poised to lose their unemployment benefits or see a lower weekly payment due to a collision of state rules
Swiss banking giant UBS has beaten second-quarter earnings expectations, reporting net profit attributable to shareholders of $2 billion. This is up from $1.23 billion reported for the same period last year, and significantly above analysts expectations of $1.34 billion, according to Refinitiv data. This is a developing story and will be updated shortly.
Traders on the floor of the New York Stock Exchange. Source: NYSE Stock futures climbed in overnight trading on Monday after concerns about the spread of Covid-19’s delta variant sent investors dumping equities, especially those directly affected by pandemic restrictions. Futures on the Dow Jones Industrial Average rebounded 80 points. S&P 500 futures gained 0.3%
Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Billionaire investor Bill Ackman said Monday that the spread of the delta variant doesn’t pose a threat to the economic reopening, seeing interest rates rising on the back of the big comeback. “I hope what it does is that it motivates anyone
The investor who sold his bear fund as the 2008 financial crisis was unfolding is delivering a grim long-term prognosis to Wall Street. From the S&P 500 to Big Tech to bitcoin, David Tice warns it’s a “very dangerous period” for investors right now. “The market is very overpriced in terms of future earnings. We
In this article UAL AAL U.S. stock index futures were little changed during overnight trading on Sunday, after the major averages posted their first negative week in four. Futures contracts tied to the Dow Jones Industrial Average slid 48 points. S&P 500 futures were down 0.12%, while Nasdaq 100 futures were marginally lower. The Dow
A sign shows this department store cashier register accepts e-CNY, the digital currency issued by China’s central bank. Barcroft Media | Barcroft Media | Getty Images BEIJING — Foreign travelers to China will be able to use the government-developed digital yuan without a local bank account, the country’s central bank said in a paper published
In this article DIDI 22UA-DE MRNA Check out the companies making headlines before the bell: Moderna (MRNA) – The drug maker’s shares surged 7.3% in the premarket on news that the stock would be included in the S&P 500 as of July 21st. It will replace Alexion Pharmaceuticals, which is being acquired by AstraZeneca (AZN).
The logo of cryptocurrency exchange Binance displayed on a smartphone with stock market percentages in the background. Omar Marques | SOPA Images | LightRocket via Getty Images Binance will no longer offer digital versions of stocks like Tesla, Apple and Coinbase, as the cryptocurrency exchange faces growing pressure from regulators around the world. The world’s
Federal Reserve chair Jerome Powell has been testifying on Capitol Hill this week, and it’s pretty clear that he is not a fan of digital coins – especially stablecoins. During a two-day congressional hearing, the Fed chief said the main incentive for the U.S. to launch its own central bank digital currency, or CBDC, would
Serhii Shleihel | iStock | Getty Images Signs are mounting that student loan borrowers could get more time before they need to resume their payments. For more than 16 months now, most borrowers’ bills have been on pause, thanks to a break offered by the U.S. Department of Education because of the financial struggles wrought
A view of the Norwegian Encore cruise ship during its inaugural sailing from PortMiami, which took place from Nov. 21-24, 2019. Orlando Sentinel | Tribune News Service | Getty Images Check out the companies making headlines in midday trading. State Street — The financial firm’s shares rose 2.6% after beating on the top and bottom
In this article SQ Jack Dorsey creator, co-founder, and Chairman of Twitter and co-founder & CEO of Square arrives on stage at the Bitcoin 2021 Convention, a crypto-currency conference held at the Mana Convention Center in Wynwood on June 04, 2021 in Miami, Florida. Joe Raedle | Getty Images Payments company Square is launching a
Gojek drivers wearing protective masks wait for a customer along a road in Jakarta, Indonesia on Wednesday, April 22, 2020. Dimas Ardian | Bloomberg | Getty Images SINGAPORE — Southeast Asia’s late-stage start-ups are attracting growing interest from blank-check companies that want to take them public, a venture investor told CNBC. More than 40 SPACs
In this article MSFT NFLX AAPL US10Y Scott Mlyn | CNBC Futures contracts tied to the U.S. stock indexes slipped at the start of the overnight session Thursday evening as Wall Street neared the end of the first major week of second-quarter earnings reports. Contracts linked to the S&P 500 lost 0.1%, while Dow futures
[The stream is slated to start at 9:30 am ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell appears Thursday before the Senate Committee on Banking, Housing and Urban Affairs to conclude his two-day appearance on Capitol Hill to discuss the economy and
SINGAPORE — As most of Southeast Asia continues to grapple with Covid, Singapore stocks are a standout regionally, according to HSBC Private Banking & Wealth Management’s James Cheo. “We are just generally a little bit more cautious on Southeast Asia region, but within which, we are actually positive on Singapore,” Cheo, Southeast Asia chief investment