Take a look at some of the biggest movers in the premarket: AMC Entertainment (AMC) – The movie theater operator’s shares jumped another 15.4% in premarket trading, following four straight days of gains and a nearly 36% surge in Thursday’s session alone. AMC – popular among the so-called “meme” stocks – has more than doubled
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Check out the companies making headlines in midday trading. AMC Entertainment — Shares of AMC Entertainment are in a middle of a roller-coaster session Friday as they turned 5% lower after rallying as much as 38%. By midday, over 360 million shares have already been traded, more than tripling its 30-day average. Shares have already
Peter Dazeley | The Image Bank | Getty Images The threat of losing unemployment benefits in two dozen states had a modest but short-lived effect on job search activity, according to an analysis published Thursday by job site Indeed. At least 24 states have announced their early withdrawal from pandemic-era unemployment programs since early May.
In this article GS BAC JPM U.S. banks are likely to report “record level” earnings in 2021 as the American economy recovers and financial markets remain buoyant, according to the Institute of International Finance, an industry association. Tim Adams, chief executive of the IIF, said Friday that the improving economy will help bank lending and
Traders working at the New York Stock Exchange (NYSE), today, Wednesday, April 21, 2021. Source: NYSE Stock futures rose in overnight trading Thursday, as optimism over economic recovery grows amid strong labor market data. Futures on the Dow Jones Industrial Average gained 120 points, or 0.35%. S&P 500 futures ticked 0.27% higher. Nasdaq-100 futures rose
Alice Tidey | CNBC LONDON — HSBC on Wednesday announced it would exit its loss-making U.S. retail banking operations, a move that is being met with tepid applause by Wall Street analysts. Europe’s largest bank in terms of assets will sell off some parts of its mass-market business and wind down others as it looks
In this article WDAY WSM AMC NVDA SNOW A banner for Snowflake is displayed on its IPO day at the New York Stock Exchange on September 16, 2020. It was the largest software IPO in history and was one of eight CNBC 2020 Disruptor 50 companies to go public, and more Disruptor deals are coming
Traders working at the New York Stock Exchange (NYSE), on May 19, 2021. NYSE Stock futures held steady in overnight trading on Wednesday as investors await new labor-market data to gauge the pace of the economic recovery. Futures on the Dow Jones Industrial Average rose just 20 points. S&P 500 futures and Nasdaq 100 futures
In this article AMC GME Rafael Henrique | LightRocket | Getty Images Just when you think the GameStop mania is a tale from the past, meme stocks came back from the dead with a double-digit rally this week as enthusiastic investors piled back into speculative assets with the market near record highs. Shares of GameStop
In this article ZS A URBN JWN A pedestrian and cyclist wear facemasks outside a branch of department store chain Nordstrom in Santa Monica, California on May 11, 2020. Frederic J. Brown | AFP | Getty Images Check out the companies making headlines after the bell: Nordstrom — The retail stock dropped roughly 7% in
The New York Stock Exchange welcomes Lightning eMotors (NYSE: ZEV), on May 24, 2021, in celebration of its transition to a public company. NYSE Stock futures ticked marginally higher in overnight trading after the market rally stalled Tuesday, with major indexes ending the regular session slightly lower. Futures on the Dow Jones Industrial Average rose
Take a look at some of the biggest movers in the premarket: Lordstown Motors (RIDE) – Lordstown tumbled 13.7% in premarket trading after the electric vehicle startup said it needed to raise capital to fund operations and that its production this year would be, at best, 50% of prior projections. Canopy Growth (CGC) – The
Chinese and U.S. flags outside the building of an American company in Beijing, China January 21, 2021. Tingshu Wang | Reuterss While investors have been preoccupied with rising prices, a flare-up in U.S.-China tensions could catch investors by surprise, BlackRock warns. BlackRock Investment Institute said in a report Monday that its proprietary Geopolitical Risk Indicator
U.S. stock futures were little changed in overnight trading on Monday following a strong session led by technology shares and reopening plays. Dow futures rose just 30 points. S&P 500 futures gained 0.12% and Nasdaq 100 futures rose 0.1%. The major averages rose on Monday, led by tech stocks and companies that benefit from a
US Federal Reserve Governor Lael Brainard attends a “Fed Listens” event at the Federal Reserve headquarters in Washington, DC, on October 4, 2019. Eric Baradat | AFP | Getty Images Federal Reserve Governor Lael Brainard pressed the case for a digital dollar, saying Monday that a cryptocurrency backed by the central bank could provide a
Traders on the floor of the New York Stock Exchange. Source: NYSE U.S. stock index futures were little changed during overnight trading on Sunday, after the S&P 500 posted its second negative week in a row. Futures contracts tied to the Dow Jones Industrial Average slid 13 points. S&P 500 futures declined 0.07%, while Nasdaq
In this article BTC.CM= A visual representation of the cryptocurrency Bitcoin on November 20, 2018 in London, England. Jordan Mansfield | Getty Images The bitcoin selloff continued Sunday following a roller-coaster week of trading as authorities in China and the U.S. move to tighten regulations on cryptocurrencies. The world’s largest cryptocurrency fell roughly 13% to
In 2017, UBS became the first international wealth manager to establish a presence in the Qianhai free trade zone, aimed at boosting financial cooperation between Shenzhen and Hong Kong. Evelyn Cheng | CNBC BEIJING — Foreign investors and financial institutions are still keen to invest in China despite geopolitical tensions — and a lot more
In this article BTC.CM= A Bitcoin sign is seen at the entrance of a cryptocurrency exchange office on April 16, 2021 in Istanbul, Turkey. Chris McGrath | Getty Images Bitcoin’s price hovered above the $40,000 level on Friday, as a comeback for the world’s top cryptocurrency was checked by worries around regulation. The digital coin
Alex Chi, Goldman Sachs Source: Goldman Sachs A year after the pandemic began in New York City, something snapped in Alex Chi. The 48-year-old Goldman Sachs banker had been inundated with articles and video clips of horrifying seemingly random attacks on Asian Americans in his home town. Then, in late March, eight people were gunned