In this article Traders on the floor of the New York Stock Exchange, June 18, 2021. Source: NYSE Stock futures dipped slightly on Sunday to kick off a new week of trading after the Dow posted its worst week since October. Futures on the Dow Jones Industrial Average fell 66 points, or 0.20%. S&P 500
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Traders working at the New York Stock Exchange (NYSE), on May 19, 2021. NYSE U.S. stock futures inched up slightly on Thursday night, following a two-day sell-off for the Dow in the wake of the Federal Reserve’s policy update. Futures for the Dow Jones Industrial Average were up 0.01%. Futures for the S&P 500 ticked
The Klarna logo displayed on a smartphone. Rafael Henrique | SOPA Images | LightRocket via Getty Images LONDON — Europe’s tech sector has already attracted more venture capital investment so far this year than it did throughout the whole of 2020, according to data shared with CNBC. Start-ups in the continent have raised a whopping
Treasury yields may be about to break out. Even though yields temporarily fell after this week’s Federal Reserve decision on interest rates, Wells Fargo Securities’ Michael Schumacher expects the benchmark 10-year Treasury Note rate to end the year as high as 2.20%. “The 10-year yield is going up a fair bit through the remainder of
Take a look at some of the biggest movers in the premarket: Adobe (ADBE) – Adobe reported quarterly profit of $3.03 per share, 21 cents a share above estimates. The software company’s revenue also topped Wall Street forecasts and Adobe gave stronger-than-expected current-quarter guidance. Its shares rose 3.1% in premarket trading. Smith & Wesson (SWBI)
In this article JPM LEN TK NVDA C FOXA A sign is posted in front of the NVIDIA headquarters on May 10, 2018 in Santa Clara, California. Justin Sullivan/Getty Images Check out the companies making headlines in midday trading. Nvidia — Shares of Nvidia gained 2.3% after Bank of America raised its price target on
St. Louis Federal Reserve President James Bullard told CNBC on Friday that he sees an initial interest rate increase happening in late-2022 as inflation picks up faster than previous forecasts had anticipated. That estimate is even quicker than the outlook the broader Federal Open Market Committee released Wednesday that caused a hit to financial markets.
BEIJING — Chinese dancer and TV host Jin Xing is confident the entertainment industry will return to normal, and that the arts will be more prized post-pandemic. In China, where stringent lockdowns helped control the domestic spread of Covid-19 within months, Jin’s private dance company was able to resume national touring last year, she told
In this article CCL SWBI FOXA ADBE Adobe Systems world headquarters in downtown San Jose, Calif. Lisa Werner | Moment Mobile | Getty Images Adobe — Shares of the digital cloud giant rose nearly 3% after it reported quarterly earnings of $3.03 per share. That figure beat analysts’ expectations by 22 cents, according to Refinitiv.
In this article JPM Sign for J.P. Morgan on 7th March 2020 in London, United Kingdom. JPMorgan Chase & Co. is an American multinational investment bank and financial services holding company headquartered in New York. Mike Kemp | Getty Images LONDON — JPMorgan said Thursday it has agreed to buy British online investment management platform
Traders work on the floor of the New York Stock Exchange. NYSE Stock futures dipped slightly in overnight trading after the Federal Reserve raised inflation expectations and forecast rate hikes as early as 2023. Futures on the Dow Jones Industrial Average fell 61 points, or 0.18%. S&P 500 futures edged 0.24% lower and Nasdaq 100
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policy-making meeting on April 28. Text removed from the April statement is in red with a horizontal line through the middle. Text appearing for the first time in the new statement is in red and underlined. Black text appears in both
Take a look at some of the biggest movers in the premarket: Oracle (ORCL) – Oracle earned $1.54 per share for its latest quarter, beating the consensus estimate of $1.31 a share. The business software company’s revenue topped estimates as well. The company forecast current-quarter profit below consensus, however, as it increases investment in its
Signage for the Stock Exchange of Thailand (SET) is displayed outside the bourse in Bangkok, Thailand, on Monday, Oct. 26, 2020. Taylor Weidman | Bloomberg via Getty Images Thailand could see a record number of IPOs this year, says Dealogic’s Ken Fong. Data shows it’s been a standout in Southeast Asia’s public listing space. “Thailand
In this article HRB RBLX LZB ORCL Facade with sign and logo at the La-Z-Boy furniture store in Pleasanton, California, April 16, 2018. Smith Collection | Gado | Getty Images Check out the companies making headlines in after-hours trading Tuesday: Oracle — Shares of the software company dipped more than 2% despite Oracle posting better-than-expected
Take a look at some of the biggest movers in the premarket: Vroom (VRM) – Vroom intends to offer $500 million in convertible senior notes due in 2026. The used-vehicle e-commerce platform provider plans to use the proceeds for a variety of corporate purposes as well as investing in or acquiring new technologies. Its shares
In this article BTC.CB= @CL.1 Institutional Investor Hall of Famer Richard Bernstein is sounding the alarm on bitcoin. He warns bitcoin is a bubble and crypto fever is pushing investors away from the market groups positioned to grab the biggest gains, particularly oil. “It’s pretty wild,” the CEO and CIO of Richard Bernstein Advisors told
Bank of America CEO Brian Moynihan on Monday detailed the financial firm’s approach to bringing employees back to the office, telling CNBC that those who have received the coronavirus vaccine are the priority for now. In an interview on “Squawk Box,” Moynihan said Bank of America began to ask staff whether they had received a Covid
American consumers are spending more freely as the economy continues to open up, according to Bank of America CEO Brian Moynihan. Transaction volumes on customers’ credit and debit cards and over the Zelle payment network has grown by 20% so far this year compared to this point in 2019, Moynihan told CNBC’s Becky Quick Monday
Economist David Rosenberg believes the bond market is getting inflation right and yields shouldn’t trade at higher levels. His reasoning: Inflation as a temporary phenomenon caused by enormous pent-up demand and supply chain issues connected to the coronavirus pandemic. “The numbers have been shocking to the upside, no doubt about it. But it’s pretty easily