Trump-Xi call isn’t enough to resolve critical mineral shortage
Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019. Aly Song | Reuters BEIJING — A high-stakes call between the U.S. and Chinese presidents on…
Stocks making the biggest moves midday: Brown-Forman, Five Below, Ciena, PVH, Planet Labs and more
These are the stocks posting the largest moves midday.
Stocks making the biggest moves after hours: FIVE, MDB, VRNT
Check out the companies making headlines in after-hours trading: Five Below — Shares of the discount retailer added 2.5% on the back of strong first-quarter financial results and second-quarter guidance. Five Below reported adjusted earnings of 86 cents per share…
CRWD, TSLA, DLTR, THO and more
Check out the companies making headlines in midday trading: CrowdStrike — The cybersecurity stock was down nearly 7% after the company’s revenue forecast for the current quarter undershot analysts’ estimates. CrowdStrike said it expects revenue in the range between $1.14…
Trump says ‘extremely hard’ to make a deal with China’s President Xi
U.S. President Donald Trump said Wednesday that its was “extremely hard” to make a deal with his Chinese counterpart Xi Jinping, at a time when the White House has been suggesting the two leaders could talk this week amid rising trade…
Citigroup lifts banking curbs on gun makers and sellers
Signage at a Citibank branch in New York, US, on Sunday, Jan. 12, 2025. Michael Nagle | Bloomberg | Getty Images Citigroup on Tuesday ended a seven-year-old policy restricting how it provides banking services to firearm manufacturers, sellers and resellers….
Tariffs are my only concern, ‘Big Short’ investor Steve Eisman says
Investor Steve Eisman of “The Big Short” fame thinks it’s dangerous to chase upside right now. “I have one concern, and that’s tariffs. That’s it,” the former Neuberger Berman senior portfolio manager told CNBC’s ” Fast Money ” on Monday….
What the national debt, deficit mean for your money
Annabelle Gordon/Bloomberg via Getty Images The massive package of tax cuts House Republicans passed in May is expected to increase the U.S. debt by trillions of dollars — a sum that threatens to torpedo the legislation as the Senate starts…
Apple’s China rival Xiaomi still has major upside, analysts say
Chinese smartphone company Xiaomi in the last week reported record net profit for a second-straight quarter, bolstering several analysts’ conviction on the Hong Kong-listed stock. In absolute dollar terms, Xiaomi’s earnings are still a fraction of Apple’s . But the…
Investors are piling into big, short Treasury bets with Warren Buffett
Investors always pay close attention to bonds, and what the latest movement in prices and yields is saying about the economy. Right now, the action is telling investors to stick to the shorter-end of the fixed-income market with their maturities….
Stocks making the biggest moves midday: COST, PLTR, GAP, ULTA
Check out the companies making headlines in midday trading: Costco — The wholesaler gained more than 3% on fiscal third-quarter results that surpassed analysts’ estimates, while sales jumped 8% from the same period a year ago. Ulta Beauty — Shares…
Why JPMorgan hired NOAA’s Sarah Kapnick as chief climate scientist
Sarah Kapnick started her career in 2004 as an investment banking analyst for Goldman Sachs. She was struck almost immediately by the overlap of financial growth and climate change, and the lack of client advisory around that theme. Integrating the…
Daniel Loeb’s next task as his hedge fund turns 30: Avoiding becoming ‘AI roadkill’
Daniel Loeb has found himself a new goal as his hedge fund Third Point entered its milestone 30th year: To be a true winner in the red-hot artificial intelligence boom and not run over by it. “Change is happening at…
This is why Jamie Dimon is always so gloomy on the economy
Jamie Dimon, CEO of JPMorgan Chase, testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled Annual Oversight of Wall Street Firms, in the Hart Building on Dec. 6, 2023. Tom Williams | Cq-roll Call, Inc. | Getty…
U.S.-China talks ‘stalled’ and need Trump and Xi to weigh in, Bessent says
The U.S. and Chinese flags are seen on the day of a bilateral meeting between the U.S. and China, in Geneva, Switzerland, May 10, 2025. Keystone/eda/martial Trezzini | Via Reuters BEIJING — U.S.-China trade talks “are a bit stalled,” requiring…
Stocks making the biggest moves Thursday: BA, NVDA, CRM, ELF
Check out the companies making headlines in Thursday trading. Salesforce — The customer relations management software maker’s shares traded 5% lower on Thursday after the company posted its latest quarterly results. RBC Capital Markets downgraded the stock, citing execution risks…
China’s EV price war is heating up. What’s behind the big discounts?
Customers look at BYD electric cars at an auto show in Yantai, in eastern China’s Shandong province on April 10, 2025. Stringer | Afp | Getty Images BEIJING — Competition in China’s electric car market just got fiercer with consequences…
Fed worried it could face ‘difficult tradeoffs’ if tariffs reaggravate inflation, minutes show
Federal Reserve officials at their meeting earlier this month worried that tariffs could aggravate inflation and create a difficult quandary with interest rate policy, minutes released Wednesday show. The summary of the May 6-7 meeting of the Federal Open Market…
European businesses have never been this gloomy about China
A L ‘Oreal store near the Nanjing Road Pedestrian Street in Shanghai, China on April 1, 2025. Cfoto | Future Publishing | Getty Images BEIJING — European business optimism about China has hit its lowest on record – worse than…
Stocks making the biggest moves midday: DJT, CRM, TSLA, AMC
Check out the companies making headlines in midday trading. Chinese autos — Chinese auto stocks retreated after BYD said it would lower prices on 22 electric and plug-in hybrid models until the end of June, igniting fears of a fresh…
URBN, AAP, SNOW, RUN and more
Check out the companies making headlines in midday trading. Advance Auto Parts — Shares skyrocketed 57% following a better-than-expected report from the car part retailer. The company lost an adjusted 22 cents per share in the third quarter, narrower than…
Stocks making the biggest moves after hours: INTU, WDAY, ROST, DECK
Check out the companies making headlines in extended trading. Ross Stores — Shares pulled back more than 11%. Ross withdrew its earlier full-year guidance . The off-price retailer said that it expects second-quarter earnings to range from $1.40 to $1.55…
Xiaomi takes aim at Tesla’s bestselling car in China with its longer-range YU7
Xiaomi revealed its first electric SUV, the YU7, in Beijing on May 22, 2025, and said its full launch would be held in July. Adek Berry | Afp | Getty Images BEIJING — China’s Xiaomi, known for its smartphones, only…
AI drives growth for a few Chinese companies. Analysts share picks
Spending on artificial intelligence helped give some Chinese tech companies a boost in the first quarter, despite economic headwinds. “The standout for this [first quarter] reporting season was the growth in cloud business for Alibaba and Baidu ,” said Brian…
Stocks making the biggest moves premarket: AAPL, OKLO, INTU, ROST
Check out the companies making headlines before the bell: Apple — The tech giant saw shares fall 3.5% in premarket trading after President Donald Trump said in a social media post that Apple will have to pay a tariff of…
Goolsbee says Fed has to wait longer before moving rates due to trade policy uncertainty
Chicago Federal Reserve President Austan Goolsbee said Friday that President Donald Trump’s latest tariff threats have complicated policy and likely put off changes to interest rates. In a CNBC interview, the central bank official indicated that while he still sees…
Stocks making the biggest moves midday: AAPL, ROST, INTU, BAH
Check out the companies making headlines in midday trading: Booz Allen Hamilton — Shares of the consulting firm lost 15% after Booz Allen Hamilton said it would cut roughly 2,500 jobs, or 7% of its workforce, citing a slowdown in…
House Republican ‘big beautiful’ tax bill favors the rich
Staff members remove a sign following a press conference after the House passage of the tax and spending bill, at the U.S. Capitol on May 22, 2025 in Washington, DC. Kevin Dietsch | Getty Images There’s a stark contrast between…
China-based Bc Babycare ramps up U.S. expansion despite trade war
U.S. births rose by 1% in 2024, with 3.6 million births recorded for the year, according to the CDC’s National Center for Health Statistics. SAN DIEGO, CALIFORNIA – OCTOBER 26: A woman pushes a stroller while walking along the La…
Ray Dalio says to fear the bond market as deficit becomes critical
Ray Dalio, founder of Bridgewater Associates LP, speaks during the Greenwich Economic Forum in Greenwich, Connecticut, US, on Tuesday, Oct. 3, 2023. Bloomberg | Bloomberg | Getty Images Billionaire investor Ray Dalio on Thursday sounded another alarm on soaring U.S. debt…
Stocks making the biggest moves after hours: LUMN, SNOW, ZM, URBN
Check out the companies making headlines after the bell : Zoom Communications — The video conferencing company saw shares rising about 1% in extended trading after the firm shared its annual revenue forecast. The company now sees fiscal 2026 revenue…
GOOS, UNH, TGT, CRI and more
Check out the companies making headlines in midday trading. Target — The big-box retailer fell 4% on disappointing first-quarter results . Target also cut its full-year sales outlook, partly blaming falling consumer sentiment and uncertainty about tariffs. Toll Brothers —…
Stocks making the biggest moves after hours: Palo Alto Networks, Take-Two Interactive and more
These are the stocks posting the largest moves in after-hours trading.
Stocks making the biggest moves midday: DQBTS, MRNA, AGYS, TSLA
Check out the companies making headlines in midday trading. D-Wave Quantum — The quantum computing stock surged more than 26% after announcing its latest computing system called Advantage2. Agilysys — The enterprise software developer for the hospitality industry rallied 21%…
Chase CEO Jamie Dimon says markets are too complacent
Jamie Dimon, CEO of JPMorgan Chase, leaves the U.S. Capitol after a meeting with Republican members of the Senate Banking, Housing and Urban Affairs Committee on the issue of de-banking on Feb. 13, 2025. Tom Williams | Cq-roll Call, Inc….
Stocks making the biggest moves midday: UNH, TSLA, BABA
Check out the companies making headlines in midday trading. UnitedHealth — The health insurer’s stock popped roughly 7% as investors scooped up shares of the beaten-down name, which lost 23% last week. UnitedHealth had suspended its 2025 guidance, announced that…
China’s retail sales disappoint as stimulus fails to spur demand; industrial output defies tariffs
Citizens are shopping at a supermarket in Nanjing, East China’s Jiangsu province, on March 9, 2024. Costfoto | Nurphoto | Getty Images China’s retail sales growth slowed in April, data from the National Bureau of Statistics showed Monday, signaling that…
Scott Bessent calls Moody’s a ‘lagging indicator’ after U.S. credit downgrade
Treasury Secretary Scott Bessent said in an interview on NBC News’ “Meet the Press” that Moody’s Ratings were a “lagging indicator” after the group downgraded the U.S.’ credit rating by a notch from the highest level. “I think that Moody’s is a lagging…
Federal Reserve will reduce staff by 10% in coming years, Powell memo says
U.S. Federal Reserve Chair Jerome Powell departs after holding a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, D.C., U.S., May 7, 2025. Kevin Lamarque | Reuters The Federal Reserve…
Why long-term care costs can be a ‘huge problem’
Kate_sept2004 | E+ | Getty Images Long-term care can be costly, extending well beyond $100,000. Yet, financial advisors say many households aren’t prepared to manage the expense. “People don’t plan for it in advance,” said Carolyn McClanahan, a physician and…
Insiders at UnitedHealth are scooping up tarnished shares
Key Points UnitedHealth Group saw some of its insiders step in and purchase declining shares this week. Kristen Gil, a director at the firm, bought 3,700 shares worth roughly $1 million on Thursday. Shares of UnitedHealth plunged nearly 11% to $274.35…
Stocks making the biggest moves midday: AMAT, NVO, CAVA, VST
Check out the companies making headlines in midday trading. Applied Materials — Shares of the semiconductor manufacturer dropped 6% after Applied Materials posted disappointing fiscal second-quarter revenue. The company’s revenue of $7.10 billion was below the LSEG consensus of $7.13…
Walmart can absorb tariffs, fmr. U.S. CEO Simon questions price hikes
Walmart‘s business is strong enough to withstand tariff headwinds without increasing its prices, according to the discount retailer’s former U.S. CEO. Bill Simon, who ran Walmart U.S. from 2010 to 2014, suggests the company may be overstating challenges tied to…
COIN, UNH, DKS, BOOT and more
Check out the companies making headlines in midday trading: Walmart — Shares of the big-box retailer dropped 1% after Walmart fell slightly short of first-quarter sales expectations and management warned that consumers could see higher prices caused by tariffs. Walmart reported revenue…
Steve Cohen says stocks could retest their April lows, sees a 45% chance of recession
Steve Cohen said Wednesday he sees the possibility that stocks could retest their lows from April following the market’s dramatic comeback. “I don’t expect, you know, a significant decline. I think this is possible we can go back toward the…
Stock trading app eToro IPOs, debuts on Nasdaq
Omar Marques | Sopa Images | Lightrocket | Getty Images Shares of stock brokerage platform eToro popped in their Nasdaq debut on Wednesday after the company raised almost $310 million in its initial public offering. The stock opened at $69.69,…
Stock and crypto trading site eToro prices IPO at $52 per share
Omar Marques | Sopa Images | Lightrocket | Getty Images EToro, a stock brokerage platform that’s been ramping up in crypto, has priced its IPO at $52 a share, as the company prepares to test the market’s appetite for new…
NVDA, BA, COIN, FSLR and more
Check out the companies making the biggest moves midday: Nvidia — The chipmaker jumped 6% following the announcement it will sell more than 18,000 of its artificial intelligence chips to Saudi Arabian company Humain to be used in the latter’s…
Fintechs that made profits from high interest rates now face key test
The app icons for Revolut and Monzo displayed on a smartphone. Betty Laura Zapata | Bloomberg via Getty Images Financial technology firms were initially the biggest losers of interest rate hikes by global central banks in 2022, which led to…
AMZN, BABA, MRK, FIVE NKE
Check out the companies making headlines in midday trading: Drugmakers — Pharmaceutical stocks bounced back from earlier losses after an executive order aimed at bringing down drug prices was deemed not as bad as feared for the industry. Merck jumped…
Foreign tourist boycott begins, as businesses brace for impact
Kaia Matheny (left) and Nora Lamphiear (right), co-owners of Adrift Restaurant in Anacortes, Washington. Kaia Matheny. Anacortes, a small coastal town in Washington state, typically bustles with tourists during the summer months. But local business owners like Kaia Matheny are…
America failing its young investors, warns financial guru Ric Edelman
One of the most recognized names in personal finance is urging Americans to increase their financial literacy, and urging the country to do a better job of providing the education. “We spend a lot of time trying to improve financial…
Powell may have a hard time avoiding Trump’s ‘Too Late’ label even as Fed chief does the right thing
U.S. Federal Reserve Chair Jerome Powell speaks during a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, D.C., U.S., May 7, 2025. Kevin Lamarque | Reuters History suggests that President…
Investor Ric Edelman reacts to crypto ETF boom
Bitcoin’s milestone week comes as new crypto exchange-traded funds are hitting the market. Investor and best-selling personal finance author Ric Edelman thinks the rollout gives investors more access to upside. He finds buffer ETFs and yield ETFs particularly exciting. “You…
Number of ‘tariff’ mentions has soared past ‘AI’ on earnings calls
Move over artificial intelligence. There’s a new hot topic on corporate earnings calls in 2025: tariffs. The word “tariffs” has come up on more than 350 earnings calls of S & P 500 -listed companies reporting first quarter results, according…
Stocks making the biggest moves midday: Insulet, Pinterest, Sweetgreen, Lyft, Microchip Technology and more
These are the stocks posting the largest moves in midday trading.
Stocks making the biggest moves after hours: AFRM, COIN, PINS
Check out the companies making headlines in extended trading. Affirm — Stock in the buy now, pay later company pulled back 9%. Affirm issued fiscal fourth- quarter revenue guidance ranging between $815 million and $845 million, with a midpoint of…
Stocks making the biggest moves midday: APP, CVNA, MELI, CROX
Check out the companies making headlines in midday trading. AppLovin — The mobile ad tech company jumped 12% after first-quarter results that beat analyst expectations. AppLovin also announced it would sell its mobile gaming business in a $400 million deal….
Stocks making the biggest moves after hours: APP, ARM, FLUT, FTNT
Check out the companies making headlines in after-hours trading. AppLovin – The AI-powered marketing platform saw shares rallying 13% in extended trading after the company reported stronger-than-expected quarterly results. AppLovin’s posted an EPS of $1.67, higher than an LSEG consensus…
The Fed meets with uncertainty permeating the air. Here’s what to expect
US Federal Reserve Chair Jerome Powell holds a press conference after the Monetary Policy Committee meeting, at the Federal Reserve in Washington, DC on March 19, 2025. Roberto Schmidt | Afp | Getty Images The Federal Reserve heads into its…
Stocks making the biggest moves after hours: SMCI, WYNN, EA
Check out the companies making headlines in after-hours trading: Arista Networks — Shares of the cloud computing stock slid 7%. First-quarter revenue narrowly beat LSEG consensus estimates, coming in at $2.00 billion, versus the $1.97 billion the Street expected. Adjusted…
Which prices are falling for consumers
People line up at departures gates in Los Angeles International Airport. Daniel Slim | Afp | Getty Images Even though inflation hasn’t yet declined to policymakers’ target level, some pockets of the U.S. economy have seen prices fall recently. Consumers…
Stocks making the biggest moves after hours: PLTR, F, MAT, CLX
Check out the companies making headlines in extended trading: Palantir Technologies — Shares dropped nearly 7% after the defense tech company reported first-quarter earnings that were in line with Wall Street’s expectations. Adjusted earnings of 13 cents per share came…
BRK, SKX, TSN, NFLX and more
Check out the companies making headlines in midday trading: Berkshire Hathaway — Warren Buffett’s conglomerate saw shares drop more than 4%, retreating from record highs reached on Friday. Monday’s sell-off came after the 94-year-old Buffett announced his intention to step…
Chinese factories halt, restart work to mitigate U.S. tariff disruption
YIWU, CHINA – NOVEMBER 26: Foreign clients select festive goods at China Yiwu International Trade City on November 26, 2024 in Yiwu, Zhejiang Province of China. Hu Xiao/VCG via Getty Images For years, Christmas merchandise has been hitting U.S. stores well…
Berkshire Hathaway (BRK.A) earnings Q1 2025
(Follow along with our full coverage of Berkshire Hathaway’s annual meeting here. Warren Buffett begins talking at 9 a.m. ET.) Warren Buffett’s Berkshire Hathaway reported first-quarter results on Saturday that showed a steep drop in operating earnings from the year-earlier…
Berkshire’s Warren Buffett to retire, asks board to replace him with Greg Abel
An end of an era was announced in Omaha Saturday as Warren Buffett said he will soon ask the board of Berkshire Hathaway to have Greg Abel replace him as CEO at year end. While Buffett is 94 and Abel…
‘Trade should not be a weapon’
OMAHA, Nebraska — Warren Buffett on Saturday criticized President Donald Trump’s hardline trade policy, without naming him directly, saying it’s a big mistake to slap punitive tariffs on the rest of the world. “Trade should not be a weapon,” Buffett said…
Berkshire meeting ‘bazaar’ features Buffett Squishmallows, 60th anniversary book and giant claw machine
The welcome sign at the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 2, 2025. David A. Grogen | CNBC OMAHA, Nebraska — Berkshire Hathaway shareholders are getting more bang for their buck at this year’s meeting with…
Two JPMorgan ETFs providing a destination for risk-adverse investors
The money manager behind two of the world’s biggest actively managed exchange-traded funds sees a way for investors to stay defensive without leaving the market. Jon Maier helps run the JPMorgan Equity Premium Income ETF (JEPI) and JPMorgan Ultra-Short Income…
Stocks making the biggest moves after hours: AAPL, AMZN, ABNB, XYZ
Check out the companies making headlines in extended trading: Apple — The iPhone maker shed 2% after its closely watched Services division performed below expectations in the fiscal second quarter. Services revenue came in at $26.65 billion, lower than the…
Musk says $2.5 billion Fed building expansion should be subject to scrutiny
Construction work is done around the Federal Reserve building on September 17, 2024 in Washington, DC. Anna Moneymaker | Getty Images News | Getty Images As he exits his efforts to curtail wasteful government spending, Elon Musk is taking one…
Stocks making the biggest moves after hours: MSFT, META, AMZN, MGM
Check out the companies making headlines in extended trading: Microsoft — Stock in the technology behemoth climbed more than 6% on the heels of better-than-expected third-quarter results on the top and bottom lines. Microsoft earned $3.46 per share on revenue…
Foreign shareholders going to Omaha for Berkshire meeting face new puzzle
Attendees arrive at the auditorium of the CHI Health Center during the Berkshire Hathaway annual meeting in Omaha, Nebraska, US, on Saturday, May 6, 2023. David Williams | Bloomberg | Getty Images For decades, Berkshire Hathaway‘s annual meeting — Warren…
Trump tariffs 100 days market promise and problems: Fast Money list
To get more personalized investment strategies, join us for our next “Fast Money” Live event on Thursday, June 5, at the Nasdaq in Times Square. Over President Donald Trump’s first 100 days, the S&P 500 lost more than 7% while…
Treasury Secretary says individual investors trust President Trump
Treasury Secretary Scott Bessent said Tuesday that individual investors, who have largely been holding their positions through the recent market turmoil, have faith in President Donald Trump’s tariff policy. “Individual investors have held tight, while institutional investors have panicked … individual…
Stocks making the biggest moves after hours: Leggett & Platt, NXP Semiconductors, Cadence Design Systems and more
These are the stocks posting the largest moves in extended trading.
Trump’s first 100 days are the worst for the stock market since Nixon
U.S. President Donald Trump is displayed on a television screen as traders work on the floor of the New York Stock Exchange (NYSE) on April 7, 2025 in New York City. Spencer Platt | Getty Images President Donald Trump’s first…
Chinese factories stop production, eye new markets as U.S. tariffs hit
Textile manufacturing workers in Binzhou, Shandong, China, on April 23, 2025. Nurphoto | Nurphoto | Getty Images BEIJING — Chinese manufacturers are pausing production and turning to new markets as the impact of U.S. tariffs sets in, according to companies…
These are 3 big things we’re watching in the stock market this week
The stock market bounce last week showed once again just how dependent Wall Street has become on the whims of the White House. Case in point: The S & P 500 sank more than 2% this past Monday as President…
Warren Buffett’s top stock picks can now be invested with income bonus
In a year that hasn’t been kind to many big-name stocks, Warren Buffett’s Berkshire Hathaway is standing near the top. Berkshire shares have posted a 17% return year-to-date, while the S&P 500 index is down 6%. That performance places Berkshire…
Apple iPhone assembly in India won’t cushion China tariffs: Moffett
Leading analyst Craig Moffett suggests any plans to move U.S. iPhone assembly to India is unrealistic. Moffett, ranked as a top analyst multiple times by Institutional Investor, sent a memo to clients on Friday after the Financial Times reported Apple…
TMUS, GOOGL, TSLA, INTC and more
Check out the companies making headlines in midday trading: T-Mobile — Shares pulled back 11% after the company’s wireless subscribers for the first quarter missed Wall Street estimates. T-Mobile reported 495,000 postpaid phone additions in the first quarter, while analysts…
T. Rowe Price likes stock picking now
It appears T. Rowe Price is benefiting from the record growth in actively managed exchange-traded funds. Tim Coyne, the firm’s head of ETFs, reports T. Rowe Price is seeing significant growth in the area — listing the T. Rowe Price…
Stocks making the biggest moves after hours: GOOGL, INTC, TMUS
Check out the companies making headlines in after-hours trading. Alphabet – Shares of the Google-parent gained about 5% after its first-quarter results topped Wall Street’s expectations. Alphabet earned $2.81 per share on $90.23 billion in revenue for the quarter, while…
China says no ongoing trade talks with the U.S., calls for canceling ‘unilateral’ tariffs
Steel piled up at Guoyuan Port in Chongqing, China, on April 20, 2025. Cfoto | Future Publishing | Getty Images BEIJING — China on Thursday said that there were no ongoing discussions with the U.S. on tariffs, despite indications from…
Stocks making the biggest moves after hours: CMG, TXN, NOW
Check out the companies making headlines in after-hours trading: Chipotle Mexican Grill — Chipotle missed first-quarter revenue estimates and said same-store sales declined for the first time since 2020, leading the stock to drop 2%. The burrito chain reported adjusted…
Third Point’s Dan Loeb says he’s sold out of nearly all of his ‘Magnificent 7’ holdings
Third Point’s Dan Loeb revealed that he has dumped almost all of his positions in the so-called Magnificent 7 stocks after their huge run-up that’s been dented this year from the stock market tariff turmoil. “What we have done in…
Stocks making the biggest moves after hours: TSLA, ENPH, OKLO, BMY
Check out the companies making headlines in extended trading: Tesla — Shares were marginally lower in extended trading after first-quarter results missed analysts’ estimates on the top and bottom lines. The electric vehicle company earned an adjusted 27 cents per…
GE Aerospace, Amazon, 3M and more
Check out the companies making headlines before the bell. GE Aerospace — The stock moved more than 4% higher after GE Aerospace reported adjusted earnings of $1.49 per share, topping the $1.27 per share anticipated by analysts polled by LSEG….
Stocks making the biggest moves after hours: BOK Financial, Medpace, Zions Bancorporation, MongoDB and more
These are the stocks posting the largest moves in after-hours trading.
Chicago Fed’s Goolsbee says Fed independence is ‘critically important’ for its inflation fight
Chicago Federal Reserve President Austan Goolsbee. Kate Rooney | CNBC Federal Reserve Bank of Chicago President Austan Goolsbee on Monday urged against reducing the central bank’s independence as President Donald Trump amped up criticism of Chair Jerome Powell. “The long-run expectations…
China to retaliate against nations that work with U.S. to isolate Beijing
BEIJING — China on Monday warned it will retaliate against countries that cooperate with the U.S. in ways that compromise Beijing’s interests, as the trade war between the world’s two largest economies threatens to embroil other nations. China’s warning comes…
Chinese stocks that could survive delisting, tariff worries
Bernstein is looking at Chinese internet tech stocks like it’s the downtrodden days of Covid-19. “For all the justified consternation around geopolitics and trade headwinds, we think the mantra of ‘fade sentiment extremes’ still applies,” Bernstein China internet analyst Robin…
Investor protection during market volatility through tactical fund
Katie Stockton thinks she has a viable option for investors trying to withstand wild market swings. She manages the Fairlead Tactical Sector ETF (TACK), which is designed to be nimble in times of market stress. It’s not tied to an…
Should investors dump U.S. stocks for international equities? Experts weigh in
Some investors accustomed to the dominance of U.S. stocks versus the rest of the world are making a stunning pivot toward international equities, fearing U.S. assets may have taken on more risk amid escalating trade tensions initiated by President Donald Trump. The…
Capital One and Discover merger approved by Federal Reserve
Sign at the entrance to a Capital One bank branch in Manhattan. Erik Mcgregor | Lightrocket | Getty Images Capital One Financial’s application to acquire Discover Financial Services in a $35.3 billion all-stock deal has officially been approved by the Federal Reserve and…
Where ‘Made in China 2025’ missed the mark
Smart robotic arms work on the production line at the production workshop of Changqing Auto Parts Co., LTD., located in Anqing Economic Development Zone, Anhui Province, China, on March 13, 2025. (Photo by Costfoto/NurPhoto via Getty Images) Nurphoto | Nurphoto…
Stocks making the biggest moves midday: LLY, GOOGL, HTZ, UNH
Check out the companies making headlines in midday trading: Alphabet — Shares of the megacap technology name pulled back 1.4% after a federal judge ruled that Google has illegally monopolized online advertising technology , namely the markets for publisher ad…
Trump again calls for Fed to cut rates, says Powell’s ‘termination cannot come fast enough’
U.S. President Donald Trump, left, and U.S. Federal Reserve Chair Jerome Powell. Win McNamee | Kevin Lamarque | Reuters President Donald Trump on Thursday again called for the Federal Reserve to lower rates and even hinted at the “termination” of Chair…
‘Fast Money’ trader Tim Seymour
“Fast Money” trader Tim Seymour wants to help investors avoid common money traps that could leave them exposed to losses, particularly in a volatile market. He is out with a shortlist of four tips to deliver some peace of mind…
Lyft to buy taxi app Free Now for $200 million to expand into Europe
Lyft logo is seen in this illustration taken June 27, 2022. Dado Ruvic | Reuters U.S. ride-hailing firm Lyft on Wednesday announced that it’s buying European taxi app Free Now in a 175 million euro ($199 million) deal. The company…
Stocks making the biggest moves after hours: UAL, JBHT, IBKR
Check out the companies making headlines after the bell : United Airlines — The airline popped nearly 7% after posting first-quarter adjusted earnings of 91 cents per share, while analysts polled by LSEG had expected 76 cents in earnings per…
Cash may feel safe when stocks slide, but it has risks
Traders work on the floor of the New York Stock Exchange on April 10, 2025. Michael M. Santiago | Getty Images News | Getty Images Investors may feel an impulse to move to cash amid the recent tumult in the…
Stocks making the biggest moves midday: AAPL, BABA, PLTR
Check out the companies making headlines in midday trading: Apple — The stock added 2.2% as sentiment on tech shares broadly rose Monday. President Donald Trump announced on Friday that several electronic devices and components will be exempt from U.S….
Goldman Sachs (GS) earnings Q1 2025
David Solomon, CEO of Goldman Sachs, testifies during a Senate Banking Committee hearing at the Hart Senate Office Building in Washington, D.C., on Dec. 6, 2023. Win Mcnamee | Getty Images Goldman Sachs on Monday posted first-quarter results that topped…
Morgan Stanley (MS) Q1 2025 earnings
People walk out of the Morgan Stanley global headquarters in Manhattan on March 20, 2025 in New York City. Spencer Platt | Getty Images Morgan Stanley on Friday reported first-quarter results that topped estimates as stock trading revenue surged 45%…
Five Chinese AI plays that could ride out trade war volatility
While U.S.-China trade tensions escalate , analysts predict a handful of Chinese companies could win out on Beijing’s efforts to double down on generative artificial intelligence. “We expect AI demand to stay strong as deepseek cost improvements have driven application…
Wells Fargo WFC earnings Q1 2025
A Wells Fargo Bank branch is seen in New York City on March 17, 2020. Jeenah Moon | Reuters Wells Fargo shares declined on Friday after the bank reported lower-than-expected quarterly revenue and a decline in net interest income. Here’s…
Stocks making the biggest moves midday: Frontier Group, JPMorgan, Apple, Stellantis, BlackRock and more
These are the stocks posting the largest moves in midday trading.
JPMorgan Chase (JPM) earnings Q1 2025
Jamie Dimon, CEO of JPMorgan Chase, leaves the U.S. Capitol after a meeting with Republican members of the Senate Banking, Housing and Urban Affairs Committee on the issue of debanking on Thursday, February 13, 2025. Tom Williams | Cq-roll Call,…
Jamie Dimon expects S&P 500 earnings estimates to fall amid uncertainty
JPMorgan Chase CEO and Chairman Jamie Dimon gestures as he speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on Capitol Hill in Washington, D.C. Evelyn Hockstein | Reuters JPMorgan Chase CEO…
Stocks making the biggest moves midday: Capri, Janover, Harley-Davidson, CarMax, U.S. Steel and more
These are the stocks posting the largest moves in midday trading.
Stocks making the biggest moves premarket: Tesla, Stellantis, U.S. Steel, CarMax, Delta Air Lines and more
These are the stocks posting the largest moves in premarket trading.
‘Thank you on behalf of all Americans’
Bill Ackman, CEO of Pershing Square Capital Management, speaks during an interview for an episode of “The David Rubenstein Show: Peer-to-Peer Conversations” in New York on Nov. 28, 2023. Jeenah Moon | Bloomberg | Getty Images Hedge fund mogul Bill…
WMT, TGT, AAPL, PFE, LLY, F and more
Check out the companies making headlines before the bell. Pharmaceutical stocks – Shares of U.S. companies in the pharmaceutical industry fell after President Donald Trump said late Tuesday that he’s going to announce ” very shortly a major tariff on…
Stocks making the biggest moves midday: AAPL, HUM, WFC
Check out the companies making headlines in midday trading: Tech stocks — Shares of megacap technology names fell after initially gaining amid investor optimism that the U.S. would reach deals with other countries to lower tariffs. Apple , which lost…
Crypto firm Ripple to buy primer broker Hidden Road for $1.25 billion
Jakub Porzycki | Nurphoto | Getty Images Ripple on Tuesday said that it’s agreed to buy prime brokerage firm Hidden Road for $1.25 billion, in the crypto startup’s biggest acquisition to date. Founded in 2018, Hidden Road offers clearing, prime…
Big Short investor Steve Eisman on tariff turmoil: Don’t be a hero
Steve Eisman of “The Big Short” fame has a message for investors: Don’t be a hero because there’s more market downside ahead. Eisman, who’s known for successfully betting against the housing market ahead of the 2008 financial crisis, warns Wall…
Jamie Dimon says Trump tariffs will boost inflation, slow U.S. economy
JPMorgan Chase CEO Jamie Dimon said Monday that tariffs announced by President Donald Trump last week will likely boost prices on both domestic and imported goods, weighing down a U.S. economy that had already been slowing. Dimon, 69, addressed the…
Bitcoin drops Sunday evening as cryptocurrencies join global market rout
Jakub Porzycki | Nurphoto | Getty Images Bitcoin fell below the $78,000 level as investors braced for more financial market volatility after U.S. equites suffered their worst decline since 2020 on the rollout of President Donald Trump’s restrictive global tariffs….
China’s tech rally is still just getting started, despite tariffs
Worries about tariffs may have rattled global investors, but analysts still expect China’s technology sector to keep riding this year’s wave of interest in homegrown generative artificial intelligence. The latest salvo of U.S. tariffs on China and its Southeast Asia…
Here’s why ‘dead’ investors outperform the living
Andrew Fox | The Image Bank | Getty Images “Dead” investors often beat the living — at least, when it comes to investment returns. A “dead” investor refers to an inactive trader who adopts a “buy and hold” investment strategy….
Powell sees tariffs raising inflation and says Fed will wait before further rate moves
Federal Reserve Chair Jerome Powell said Friday that he expects President Donald Trump’s tariffs to raise inflation and lower growth, and indicated that the central bank won’t move on interest rates until it gets a clearer picture on the ultimate…
Stocks making the biggest moves midday: PLTR, CAT, AAPL JPM
Check out the companies making headlines in midday trading: Bank stocks — Major banks declined on Friday, as President Donald Trump’s new tariff policies increasingly raised fears of a U.S. economic pullback. Shares of JPMorgan , Morgan Stanley and Wells…
Actively managed ETFs hit $1 trillion
It’s milestone month for the exchange-traded fund industry. Actively managed ETFs now have more than $1 trillion in assets under management, according to independent research firm ETFGI. That’s roughly the market cap of Berkshire Hathaway, Saudi Arabia’s gross domestic product…
Stocks making the biggest moves midday: Lululemon, Nike, Tesla, Nvidia and more
These are the stocks posting the largest moves in midday trading.
DeepSeek AI excitement spills over to Hong Kong’s IPO market
The Exchange Square Complex, which houses the Hong Kong Stock Exchange, on Feb. 26, 2025. Bloomberg | Bloomberg | Getty Images BEIJING — Chinese companies are jumping at a window of opportunity to go public in Hong Kong as global…
Treasury Secretary Bessent says market woes are more about tech stock sell-off than Trump’s tariffs
Treasury Secretary Scott Bessent speaks to reporters outside the West Wing after doing a television interview on the North Lawn of the White House on March 13, 2025 in Washington, DC. Andrew Harnik | Getty Images Treasury Secretary Scott Bessent said…
Tariffs may raise much less than White House projects, economists say
President Donald Trump speaks before signing executive orders in the Oval Office on March 6, 2025. Alex Wong | Getty Images President Donald Trump says that tariffs will make the U.S. “rich.” But those riches will likely be far less…
Investors hope April 2 could bring tariff clarity, relief. It may not
Wall Street is hoping April 2 will provide clarity on the U.S. tariff front and a reprieve from the recent market volatility. However, many remain skeptical that any real clarity is coming anytime soon. Stocks have been in turmoil this…
CRWV, GOOS, TSLA, UAL and more
Check out the companies making headlines in midday trading: CoreWeave — Shares of the cloud provider tumbled more than 7% in its second trading session since going public. CoreWeave, which rents out access to Nvidia graphics processing units to other…
Trump tariff day setting stage for peak market uncertainty: Evercore
Market uncertainty should “peak” around the Wednesday tariff deadline, according to Evercore ISI. In a note this week, Julian Emanuel wrote investors should resist tariff angst and accumulate stocks. “All you need is a little less uncertainty,” the firm’s senior…
Klarna CEO Sebastian Siemiatkowski faces biggest test yet: IPO
Sebastian Siemiatkowski, CEO of Klarna, speaking at a fintech event in London on Monday, April 4, 2022. Chris Ratcliffe | Bloomberg via Getty Images LONDON — After 20 years in the role as Klarna’s CEO, Sebastian Siemiatkowski is about to…
Wall Street wants to privatize more of your money in market correction
From America’s largest bank to its biggest asset manager, Wall Street investment strategies once reserved for private banking clients are increasingly being offered to Main Street investors. In the midst of a market correction and ongoing uncertainty about the outlook…
It’s not difficult to beat the market
Joel Greenblatt, a longtime bargain hunter, doesn’t think value investing deserves its bad rap. The 67-year-old investor, now running Gotham Asset Management, believes that traditional criteria that define “value,” such as price-to-book and price-to-sales ratios, don’t necessarily represent the essence…
Vanguard’s expired patent may emerge as game changer for fund industry
An expired patent — previously held by Vanguard — may spark a shake-up in the exchange-traded fund industry. Wall Street saw the patent as critical to Vanguard’s success because it saved an enormous amount of money in taxes. Now, the firm’s ETF…
Founder Charlie Javice found guilty of defrauding JPMorgan Chase
Charlie Javice, who is charged with defrauding JPMorgan Chase & Co into buying her now-shuttered college financial aid startup Frank for $175 million in 2021, arrives at United States Court in Manhattan in New York City, June 6, 2023. Mike…
Judge orders bureau to reinstate fired employees
FILE PHOTO: Office of Management and Budget (OMB) Acting Director Russell Vought testifies before House Budget Committee on 2020 Budget on Capitol Hill in Washington, U.S., March 12, 2019. Yuri Gripas | Reuters A federal judge on Friday ordered the…
China’s Xi calls on top executives to help ‘uphold global order’ as trade tensions with U.S. rise
Chinese President Xi Jinping met with global executives on Friday, March 28, 2025. CNBC | Evelyn Cheng BEIJING — Chinese President Xi Jinping on Friday met with global executives and made a case for investing in the country, as Beijing…
Wall Street analysts say Musk is clear auto tariff winner
Several analysts on Wall Street see a clear winner emerging from President Donald Trump ‘s new auto tariff policy: Tesla . Trump announced on Wednesday that all cars not made in the U.S. would be slapped with a 25% tariff…
Chinese consumer companies signal spending is picking up again
Shoppers line up to shop at a Laopu Gold outlet in Deji Plaza in Nanjing, China, on Feb. 21, 2025. Fang Dongxu | Feature China | Future Publishing | Getty Images BEIJING — Chinese companies’ latest earnings reports point to…
Stocks making the biggest moves midday: GME, DLTR, CTAS
Check out the companies making headlines in midday trading: GameStop — The meme stock soared 11.7%. On Tuesday, GameStop’s board announced it had unanimously approved a plan to buy bitcoin with a portion of its corporate cash, following a similar…
China’s artificial intelligence boom might help mitigate some tariff pain
Computer chip with Chinese flag, 3d conceptual illustration. Steven Mcdowell/science Photo Library | Science Photo Library | Getty Images BEIJING — For Chinese companies wary of U.S. tariffs, the big difference between President Donald Trump’s first and second terms is…
GameStop to put corporate cash in bitcoin, mimicking MicroStrategy
A general view of the GameStop logo on one of its stores in the city center of Cologne, Germany. Ying Tang | Nurphoto | Getty Images Video game retailer GameStop announced Tuesday its board has unanimously approved a plan to…
China invites U.S. business leaders to Beijing, tries to gauge Trump
Attendees pose for a group photo before the opening ceremony of the China Development Forum 2025 at the Diaoyutai Guesthouse on March 23, 2025, in Beijing. China News Service | China News Service | Getty Images BEIJING — China courted…
Berkshire employee wins $1 million in Warren Buffett’s March Madness bracket challenge
Cooper Flagg #2 of the Duke Blue Devils moves the ball against the Baylor Bears during the second round of the 2025 NCAA Men’s Basketball Tournament held at Lenovo Center on March 23, 2025 in Raleigh, North Carolina. Grant Halverson…
Alibaba-affiliate Ant uses Chinese, U.S. chips to cut AI costs
A view of the Ant Group buildings in Chongqing, China, on March 23, 2025. Cfoto | Future Publishing | Getty Images BEIJING — Alibaba-affiliate Ant Group is using both Chinese and U.S.-made semiconductors for building more efficient artificial intelligence models,…
Chinese EV maker Xpeng’s bet on driver-assist tech is finally paying off
As driver-assist systems gain traction in China, one local startup that invested in the tech years ago is finally seeing results. Xpeng , listed in the U.S. and Hong Kong, has delivered more than 30,000 cars a month since November….
LEN, CLF, FDX, NKE and more
Check out the companies making headlines in premarket trading: FedEx — Shares tumbled more than 8% after the parcel delivery company slashed its full-year guidance , citing “weakness” in the U.S. industrial economy. FedEx now said to expect between $18…
Bonds as protection play against stock market volatility
Investors may want to get back to the basics when it comes to navigating the stock market volatility. According to F/m Investments CEO Alex Morris, they should consider increasing their exposure to bonds. “Particularly on the short end of the…
Why stock volatility poses an ‘opportunity’: investment analyst
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City. Spencer Platt | Getty Images Stock market corrections are common First, there is some consolation for investors. Though they may feel painful, stock market…
BA, NKE, LMT, FDX, MU and more
Check out the companies making headlines in midday trading: Boeing , Lockheed Martin — Defense contractor Lockheed Martin sold off around 5.8% after Bloomberg News reported that President Donald Trump chose Boeing instead for a contract to create the next-generation…
China’s property market edges toward an inflection point
Urban buildings in Huai’an city, Jiangsu province, China, on March 18, 2025. Cfoto | Future Publishing | Getty Images BEIJING — UBS analysts on Wednesday became the latest to raise expectations that China’s struggling real estate market is close to…
DoubleLine’s Gundlach sees more risk coming, greater chance of recession
Jeffrey Gundlach speaking at the 2019 SOHN Conference in New York on May 5, 2019. Adam Jeffery | CNBC DoubleLine Capital CEO Jeffrey Gundlach said Thursday there could be another painful period of volatility on the horizon as the fixed income guru…
Stagflation? Fed sees higher inflation and an economy growing by less than 2% this year
U.S. Federal Reserve Chair Jerome Powell testifies before a House Financial Services Committee hearing on “The Semiannual Monetary Policy Report to the Congress,” on Capitol Hill in Washington, D.C., on Feb. 12, 2025. Nathan Howard | Reuters Federal Reserve officials…
Fed holds interest rates steady
WASHINGTON – The Federal Reserve in a closely watched decision Wednesday held the line on benchmark interest rates though still indicated that reductions are likely later in the year. Faced with pressing concerns over the impact tariffs will have on…
Santander says 750 jobs at risk as it pursues UK branch closures
Jonathan Nicholson | NurPhoto | Getty Images The British unit of Spanish lender Banco Santander on Wednesday said 750 of its staff were at risk of redundancy as it targets 95 branch closures in the U.K. The decision is part…
TSLA, PLTR, NVDA, HIMS and more
Check out the companies making headlines in midday trading: Tesla — Elon Musk’s electric vehicle company saw shares sliding another 5.2%, bringing month-to-date losses to around 23%. The sell-off came after Tesla’s China rival Zeekr said it is rolling out…
Deutsche Bank says the market sell-off has another 6% to go
The market sell-off is not over yet as consumer and corporate confidence take a dive on tariff uncertainty, according to Deutsche Bank. “We see the selloff in US equities as having further to go,” Binky Chadha, chief strategist at Deutsche…
Wholesale egg prices have ‘plunged.’ Retail prices may follow
A shopper looks at eggs for sale in a grocery store in the Manhattan borough of New York City, Feb. 25, 2025. Spencer Platt | Getty Images News | Getty Images Wholesale egg prices have fallen significantly in recent weeks,…
China retail sales strengthen at start of 2025, industrial data beats
A woman, right, looks at herself on her phone as she and others buy warm winter hats at a vendors shop in the Panjiayuan Market on December 6, 2024 in Beijing, China. Kevin Frayer | Getty Images China’s economy showed…
Treasury Secretary Bessent says Trump is heading off financial crisis
Treasury Secretary Scott Bessent speaking to CNBC on March 13th, 2025. CNBC Treasury Secretary Scott Bessent said Sunday the Trump administration is focused on preventing a financial crisis that could be the result of massive government spending over the past few…
Investment fraud is on the rise. Here’s how to protect yourself
South_agency | E+ | Getty Images Consumers lost $5.7 billion to investment scams in 2024 — more than in any other type of fraud and up 24% from 2023, according to new data from the Federal Trade Commission. Investment scams…
Goldman Sachs’ new downside protection ETF
Goldman Sachs Asset Management is trying to serve more investors looking for downside protection from market turmoil. Bryon Lake helped the firm launch its newest buffer exchange-traded fund this month: the Goldman Sachs U.S. Large Cap Buffer 3 ETF. “I’m…
Stocks making the biggest moves premarket: CMG, LI, DOCU
Check out the companies making headlines before the bell. Rubrik — The data management stock popped 18.5%. Rubrik beat Wall Street’s expectations, posting an adjusted loss of 18 cents per share for its fourth quarter, which was narrower than the…
Ulta, Nvidia, Chipotle, Peloton and more
Check out the companies making headlines in midday trading. Rubrik — The data management stock surged 25% after fourth-quarter results surpassed analyst expectations. Rubrik lost 18 cents per share, narrower than the consensus forecast for a loss of 39 cents…
Europe telcos urge more mega-mergers to catch up to US, China on 5G
The Deutsche Telekom pavilion at Mobile World Congress in Barcelona, Spain. Angel Garcia | Bloomberg | Getty Images BARCELONA — Europe’s telecommunication firms are ramping up calls for more industry consolidation to help the region compete more effectively with superpowers…
New York AG announces bill to protect consumers after Trump hobbles CFPB
NY Attorney General Letitia James speaks during a press conference at the offices of the Attorney General on January 08, 2025 in New York City. Michael M. Santiago | Getty Images New York Attorney General Letitia James on Thursday announced…
Here’s the inflation breakdown for February 2025 — in one chart
A customer shops for eggs at an H-E-B grocery store on Feb. 12, 2025 in Austin, Texas. Brandon Bell | Getty Images Inflation receded in February on the back of easing price pressures for consumer staples like gasoline, groceries and…
NVDA, INTC, PEP, TSLA and more
Check out the companies making headlines in midday trading: Nvidia — Stock in the chipmaker surged more than 6%, reversing course after several weak sessions. Shares slumped roughly 8% in March and are down 14% in 2025. Target — Stock…
DeepSeek AI cranks open the spigots on Chinese venture capital
BEIJING — DeepSeek’s artificial intelligence breakthrough is stirring up China’s venture capital world after three straight years of decline. As DeepSeek released its OpenAI rival in late January, AI drug discovery company Insilico Medicine was finalizing a $110 million series…
Most of S&P 500 in correction territory as benchmark nears milestone
A trader works on the floor of the New York Stock Exchange at the opening bell on March 10, 2025. Charly Triballeau | Afp | Getty Images The majority of the stocks in the S&P 500 are already in correction…
Mainland Chinese investors snap up a record amount of Hong Kong stocks
Hong Kong’s stock exchange reported its highest quarterly profit in nearly four years after China’s stimulus measures boosted trading and listing volume. Bloomberg | Bloomberg | Getty Images BEIJING — Mainland Chinese investors are piling into the Hong Kong stock…
Do tariffs protect U.S. jobs and industry? Economists say no
President Donald Trump addresses a joint session of Congress at the U.S. Capitol on March 4, 2025. Mandel Ngan-Pool/Getty Images President Donald Trump has spoken of tariffs as a job-creating behemoth. Tariffs will “create jobs like we have never seen…
Passive investing movement gets its Hollywood moment
A new documentary titled “Tune Out The Noise” brings together some of the academic heavyweights whose work reshaped the financial industry and helped lower costs for all investors. The film, made by Academy Award-winning documentarian Errol Morris, chronicles the rise…
China needs to boost its tech sector more than ever. How to play it
Chinese tech companies raced to launch new products in a week that saw Beijing double down on its calls to support artificial intelligence. An obscure Chinese startup that goes by the name Monica on Wednesday announced an invite-only AI application…
DOGE layoffs may ‘overwhelm’ unemployment system for federal workers
President Donald Trump listens during a Cabinet meeting at the White House on Feb. 26, 2025. Andrew Harnik | Getty Images News | Getty Images The Trump administration’s purge of federal staff may flood an unemployment benefits system ill-equipped to…
Expanding access to private credit
They’re generally reserved for the ultrawealthy and financial institutions. But the exchange-traded fund industry is looking to give retail investors more access to alternative investments including private credit. BondBloxx’s Joanna Gallegos thinks it’s a great idea despite the asset class’…
COST, TSLA, AVGO, GAP and more
Check out the companies making headlines in midday trading: Costco — Shares shed nearly 7% after the retail giant’s earnings for the second quarter missed Wall Street estimates. Costco reported earnings of $4.02 per share for the period, below the…
Powell says Fed is awaiting ‘greater clarity’ on Trump policies before making next move on rates
U.S. Federal Reserve Chair Jerome Powell testifies before a Senate Banking, Housing and Urban Affairs Committee hearing on “The Semiannual Monetary Policy Report to the Congress,” at Capitol Hill in Washington, U.S., Feb. 11, 2025. Craig Hudson | Reuters NEW…
China calls for peaceful coexistence with the U.S. despite differences
Chinese Minister of Foreign Affairs Wang Yi speaks during the 2023 Munich Security Conference in Germany on February 18, 2023. Johannes Simon | Getty Images News | Getty Images BEIJING — China’s Minister of Foreign Affairs Wang Yi struck a…
Stocks making the biggest moves midday: MRVL, AMZN, ZS, TDOC
Check out the companies making headlines in midday trading: Victoria’s Secret — Shares declined more than 5% after the lingerie retailer issued lighter-than-expected guidance for the first quarter. Victoria’s Secret sees revenue coming in between $1.3 billion and $1.33 billion…
China doubles down on AI and tech as Trump ratchets up trade pressure
A security guard watches during the opening session of the National People’s Congress (NPC) in the Great Hall of the People in Beijing on March 5, 2025. Wang Zhao | Afp | Getty Images BEIJING — The undercurrent of China’s…
GM, NVO, KVUE, CRWD and more
Check out the companies making headlines in midday trading: Box — Shares declined more than 3% after the cloud storage company’s top-line guidance fell short of estimates. Box sees first-quarter revenue coming in between $274 million and $275 million, while…
China to raise defense spending by 7.2% in 2025
China’s navy showed off its J-15T fighter jet at the 2024 Zhuhai Air Show on Nov. 12, 2024. Nurphoto | Nurphoto | Getty Images China on Wednesday increased its defense spending by 7.2% this year, the same growth rate as…
CFPB drops JPMorgan, Bank of America, Wells Fargo lawsuit over Zelle fraud
FILE PHOTO: Office of Management and Budget (OMB) Acting Director Russell Vought testifies before House Budget Committee on 2020 Budget on Capitol Hill in Washington, U.S., March 12, 2019. Yuri Gripas | Reuters The Consumer Financial Protection Bureau on Tuesday…
China rejects additional U.S. tariffs, vows to take countermeasures
Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019. Aly Song | Reuters BEIJING — China announced Tuesday it would impose additional tariffs of up…
Inflation will move toward 2% target, but risks to outlook are rising, says Fed’s Musalem
Alberto Musalem, President and CEO of the Federal Reserve Bank of St. Louis, speaks to the Economic Club of New York, in New York City, U.S., Feb. 20, 2025. Brendan McDermid | Reuters WASHINGTON — The risks for higher inflation…
China investing risks aren’t gone. Wall Street shares its safer plays
As excitement over DeepSeek moderated, JPMorgan gave its clients a warning: “Be careful: U.S.-China risks back in focus.” The Feb. 24 note cautioned that the White House’s new America First Investment Policy could trigger a pullback in Chinese stocks after…
Warren Buffett calls Trump’s tariffs a tax on goods, says ‘the Tooth Fairy doesn’t pay ’em’
Warren Buffett at a press conference during the Berkshire Hathaway Shareholders Meeting on April 30, 2022. CNBC Legendary investor Warren Buffett made a rare comment on President Donald Trump’s tariffs, saying punitive duties could trigger inflation and hurt consumers. “Tariffs…
Stocks making the biggest moves premarket: NVDA, BABA, RKLB
Check out the companies making headlines before the bell: Nvidia — Shares of the artificial intelligence chip darling fell around 2%, extending its 8.5% loss from the previous session. This comes on the heels of the company seeing a decline…
Citigroup mistakenly credited a customer account with $81 trillion
Jim Dyson | Getty Images News | Getty Images Citigroup mistakenly credit a customer’s account with $81 trillion last year when it meant to send just $280. The payment, which took place last April, was missed by two employees but…
CFPB leaders and Elon Musk DOGE planned to fire nearly all staff
Elon Musk holds up a chainsaw onstage during the Conservative Political Action Conference (CPAC) in National Harbor, Maryland, U.S., February 20, 2025. Nathan Howard | Reuters The Consumer Financial Protection Bureau‘s Trump-appointed leadership plans to fire nearly all its 1,700…
Stocks making the biggest moves midday: NVDA, ADSK, DUOL, BABA
Check out the companies making headlines in midday trading: Nvidia — The heavyweight chipmaker edged lower by 0.1% after market sentiment soured in midday trading, prompted by a tense exchange between President Donald Trump and Ukraine President Volodymyr Zelenskyy that…
State Street, Apollo team up to launch first of its kind private credit ETF
Omar Marques | Lightrocket | Getty Images There’s a new ETF in town. SPDR SSGA Apollo IG Public & Private Credit ETF (PRIV) will trade Thursday at the NYSE. This fund intends to invest at least 80% of its net…
CFPB drops lawsuits against Capital One and Rocket Mortgage affiliate
Russell Vought, director of the Office of Management and Budget (OMB) nominee for US President Donald Trump, during a Senate Budget Committee confirmation hearing in Washington, DC, US, on Wednesday, Jan. 22, 2025. Al Drago | Bloomberg | Getty Images…
Nvidia warns of competition from China’s Huawei, despite U.S. sanctions
BEIJING — Chip giant Nvidia has flagged heightened competition from Huawei, despite U.S. restrictions on the Chinese telecommunications company. In an annual filing Wednesday, Nvidia listed Huawei among its current competitors, including it in the list for a second straight…
Stocks making the biggest moves midday: APP, FLYW, BLMN, AAP
Check out the companies making headlines in midday trading: General Motors — Shares jumped 5% after the automaker said it would raise its quarterly dividend by 25% to 15 cents per share. GM also initiated a $6 billion share repurchase…
The record-breaking run of ‘Ne Zha 2’ may seem like a surprise. It shouldn’t
Chinese animation blockbuster Nezha 2 was released in late January alongside several other films for the local Spring Festival holiday period. Vcg | Visual China Group | Getty Images BEIJING — For someone who’s lived in China since before the…