A visual representation of digital currencies. Yuriko Nakao | Getty Images LONDON — Cryptocurrencies aren’t yet big enough to pose a systemic risk to financial stability, Bank of England Deputy Governor Jon Cunliffe said Wednesday. “The speculative boom in crypto is very noticeable but I don’t think it’s crossed the boundary into financial stability risk,”
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Investors may want to keep the antacid nearby. Long-term market bull Tony Dwyer sees near-term turbulence in connection with his “summer of indigestion” call. So, he’s encouraging investors to resist making any big moves right now. “We’ve had one heck of a run. It’s been an excessive run in the indices,” the Canaccord Genuity chief
A used car dealership is seen in Laurel, Maryland on May 27, 2021, as many car dealerships across the country are running low on new vehicles as a computer chip shortage has caused production at many vehicle manufactures to nearly stop. Jim Watson | AFP | Getty Images Price increases in used cars, car rentals,
In this article BA JPM PEP Check out the companies making headlines before the bell: PepsiCo (PEP) – The snack and beverage giant gained 1.3% in premarket trading, after beating estimates on the top and bottom lines and raising its full-year forecast. PepsiCo earned an adjusted $1.72 per share for the quarter, 19 cents above
Signage for digital payment services Alipay by Ant Group, an affiliate of Alibaba, and WeChat Pay by Tencent are displayed outside a currency exchange in Hong Kong, China, on Tuesday, Sept. 1, 2020. Chan Long Hei | Bloomberg | Getty Images BEIJING — As China’s anti-monopoly and data security crackdown creeps into restrictions on U.S.
Federal Reserve Chair Jerome Powell testifies during a U.S. House Oversight and Reform Select Subcommittee hearing on coronavirus crisis, on Capitol Hill in Washington, June 22, 2021. Graeme Jennings | Pool | Reuters Federal Reserve Chairman Jerome Powell is tasked this week with convincing Congress that the ultra-easy policies the central bank has followed during
Shares of Virgin Galactic rose slightly on Monday following the commercial spaceflight company’s successful test flight with founder Sir Richard Branson. Shares of Virgin Galactic — which trades under ticker SPCE —are up 2% in premarket trading after the company successfully completed its first fully crewed test flight into suborbital space on Sunday, a major
Traders work on the floor of the New York Stock Exchange. NYSE Stock futures opened mostly flat late Sunday as earnings season kicks off this week. Futures on the Dow Jones Industrial Average added 25 points, or 0.07%. S&P 500 futures edged 0.08% higher and Nasdaq 100 futures rose 0.17%. The three major indexes closed
In this article LEVI GM PSMT ACCD A sign in front of the Levi Strauss & Co. headquarters on April 09, 2021 in San Francisco, California. Justin Sullivan | Getty Images Check out the companies making headlines after the bell Thursday: Levi Strauss — Shares of Levi Strauss added 3.2% after the retailer crushed Wall
China’s Ministry of Commerce Spokesman Gao Feng addressed reporters at a regular press conference on April 29, 2021 in Beijing, China. VCG | Visual China Group | Getty Images BEIJING — China’s Ministry of Commerce plans to scrutinize foreign investment more closely on the basis of national security. The ministry’s priorities for the next five
LONDON — Top financial institutions are calling for global cooperation on central bank digital currencies. The Bank for International Settlements, the global body for central banks, issued a report Friday saying that central banks should work to achieve “interoperability” between their digital currency projects. This can be achieved through a number of ways, the report
In this article WFC Smith Collection/Gado | Archive Photos | Getty Images Wells Fargo is closing all existing personal lines of credit, CNBC reported on Thursday. Some customers are likely thinking: Now what? Fortunately, there are alternatives for clients looking for ready cash, according to financial experts. They may turn to other lenders that offer
In this article BAC GS JPM SPCE AMC RCL LUV UAL AAL A sign is displayed in the reception area of Goldman Sachs in Sydney, Australia. David Gray | Reuters Check out the companies making headlines in midday trading. JPMorgan, Goldman Sachs, Bank of America — Bank stocks led the market comeback on Friday as
In this article AAL People walk past GM vehicles on display at the General Motors world headquarters building at Detroit’s Renaissance Center. Paul Hennessy | SOPA Images | LightRocket | Getty Images Take a look at some of the biggest movers in the premarket: Levi Strauss (LEVI) — The denim maker added about 3% after
Traders on the floor of the New York Stock Exchange. Source: NYSE Stock futures were flat in overnight trading Thursday after the major indexes fell amid concerns of a slowdown in economic growth. Futures on the Dow Jones Industrial Average added 7 points, or 0.02%. S&P 500 futures and Nasdaq 100 futures also traded near
In this article COIN NVDA DIDI SCHW JPM KSU The RealReal exterior Soruce: CNBC Check out the companies making headlines in midday trading. Charles Schwab — Shares of the online broker dipped over 2% after Goldman Sachs downgraded the stock to neutral from buy. The Wall Street firm said investors should back away from the
Chengdu city street vendors, like this one pictured on June 18, 2020, were mentioned by Chinese Premier Li Keqiang during COVID-19 as an example of economic recovery. Yuyang Liu | Getty Images News | Getty Images BEIJING — China’s top executive body surprised investors late Wednesday by saying the central bank would stimulate the economy
One of Wall Street’s biggest bulls isn’t jumping on the growth stock bandwagon. Despite the tech-heavy Nasdaq‘s run to record highs, Credit Suisse’s Jonathan Golub prefers value trades right now. “The second quarter of this year will be the fastest GDP quarter that we had since 1952. So basically since the Marshall Plan and the
The Federal Open Market Committee released minutes from its June 15-16 meeting, during which it held short-term interest rates near zero but also indicated that it might be adjusting policy otherwise in the months ahead. The Federal Reserve’s policymaking group kept its benchmark rate anchored in a range between 0% and 0.25%. That was according
In this article BTC.CM= Changpeng Zhao, CEO of Binance, speaks during a TV interview in Tokyo, Japan, on Thursday, Jan. 11, 2018. Akio Kon | Bloomberg | Getty Images The boss of Binance on Wednesday said the cryptocurrency exchange hasn’t gotten everything right and has plenty of room to grow, following a crackdown from regulators