-
Stock Futures Higher After Dow's Record Close
U.S. stock index futures were little changed in overnight trading on Wednesday.
-
GameStop Shares Soar More Than 100% Amid Executive Shuffle
GameStop announced Wednesday that its chief financial officer Jim Bell will resign on March 26.
-
Watch Now: ETF Edge on What's Ahead in the Space Race as Cathie Wood's Ark Bets Big
CNBC’s ETF Edge is dedicated to the fastest-growing trend in investing right now: ETFs. Every Monday, Bob Pisani will be joined by a panel of top market participants to offer educational and actionable advice to help you build your best portfolio.
-
Charlie Munger Says Novice Investors Are Getting Lured Into a Bubble in ‘Dirty Way' by Robinhood
The 97-year-old investor said retail traders are enticed by brokers touting free trading.
-
Buy the Dips as Stocks Experience a Long Overdue Pullback, Strategist Says
A decline in many stock markets has been overdue, but strong fundamentals and company earnings mean the current wobble is a buying opportunity, says State Street’s Mehvish Ayub.
-
10-Year Treasury Yield Tops 1.4%, Highest Since February 2020
U.S. Treasury yields fell on Wednesday morning, ahead of Federal Reserve Chairman Jerome Powell’s second speech on the economy later that day.
-
Wall Street Clearing Firm Proposes 1-Day Trade Settlement After Robinhood Controversy
A spotlight appeared on the two-day settlement standard following the epic short squeeze in GameStop stock earlier this year.
-
MicroStrategy Buys More Than $1 Billion Worth of Bitcoin, Adding to Massive Holdings
MicroStrategy said the average purchase price of all its bitcoin purchases is $23,985 per digital token
-
This Payment Stock Will Benefit Most From the Economic Reopening, Money Manager Says
Visa has “the biggest catalyst ahead” in the payments space as the economy slowly reopens, says Strategic Wealth Partners’ Mark Tepper.
-
Commentary: The Fed Has a Simple Tool It Can Deploy to Curb Market Speculation
The Federal Reserve has the power to regulate brokers’ margin rates under Regulation T, but it hasn’t used that power since 1974.
-
China's PBOC Joins Cross-Border Digital Currency Project With Other Central Banks
One analyst said the People’s Bank of China’s involvement in the project hints at its long-term intentions to internationalize the yuan.
-
Chinese Court Rules That a Woman's Housework Is Worth $128 a Month
The decision for a 50,000 yuan payout for five years of household work was made under China’s new civil code that took effect in January.
-
Hong Kong Announces Over $15 Billion Budget to Lift Economy Out of Recession
Financial Secretary Paul Chan said the spending is expected to contribute to a budget deficit of 101.6 billion Hong Kong dollars ($13.1 billion).
-
A U.S. Strategy Paper on China Draws a Tepid Response in Beijing
“The Longer Telegram” and its call for stringent U.S. policy on China caught the attention of many in Washington, but only a passing public response in Beijing.
-
JPMorgan Says Rising Bond Yields Are ‘Healthy Signs' and May Benefit Asia
JPMorgan Private Bank’s Julia Wang says rising bond yields as well as some inflation at this point in the economic cycle are “healthy signs.”
-
Yellen Sounds Warning About ‘Extremely Inefficient' Bitcoin
Treasury Secretary Janet Yellen issued a warning Monday about the dangers that bitcoin poses both to investors and the public.
-
Tesla's Share Price Is Now Directly Tied to the Value of Bitcoin, Analyst Says
Tesla’s stock is now directly linked to the price of bitcoin after Elon Musk’s firm invested $1.5 billion into the cryptocurrency, according to an analyst.
-
Workhorse Group Drops Nearly 50% After EV Company Is Passed Over for USPS Contract
Shares of Workhorse Group dropped more than 50% at one point on Tuesday after the company was passed over for a key contract from the U.S. Postal Service.
-
New Rules Make It Easier for Struggling Student Loan Borrowers to Access PPP Loans
One of the changes to PPP loans that the Biden administration announced this week include allowing struggling student loan borrowers to qualify.
-
Treasury Yields Mixed After Fed Chair Powell Says Inflation Is Still ‘Soft'
U.S. Treasury yields rose on Tuesday morning, ahead of Federal Reserve Chairman Jerome Powell’s first of two speeches in Congress on the economy.