Finance

With the pandemic boosting demand for alternative assets, J.P. Morgan Securities’ Joyce Chang is seeing a new dynamic unfolding in the cryptocurrency space: a battle between banks and fintech. “Fintech is coming into the mainstream from this pandemic as there has really been demand for digital services — less in person transactions,” the firm’s chair

Avishek Das | LightRocket | Getty Images Robinhood has chosen the Nasdaq as the exchange for its eventual initial public offering, according to sources familiar with the matter. The company has not yet filed officially for the listing. The stock trading app has lowered the barrier to entry for millions of retail investors, setting the

LONDON — Special purpose acquisition companies, or SPACs, are showing signs of “froth” in the U.S. — and that doesn’t bode well for investors, the boss of London’s stock exchange warned Friday.  “There has been some recognition of the froth in the U.S. market,” London Stock Exchange Group (LSEG) CEO David Schwimmer told CNBC’s “Squawk

Traders on the floor of the New York Stock Exchange Source: NYSE Stock futures were flat in overnight trading Thursday following a tech-led rout on Wall Street amid a surge in bond yields. Futures on the Dow Jones Industrial Average and S&P 500 futures were little changed. The Nasdaq 100 futures dipped 0.2%. All eyes

A shopper wearing a protective mask checks out at a Costco store in San Francisco, California, on Wednesday, March 3, 2021. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines after the bell on Thursday: Costco – Costco shares fell 1.3% after the company posted mixed fiscal second-quarter results. Costco

Exxon CEO Darren Woods emphasized the oil giant’s commitment to its dividend after the company lost more than $20 billion in 2020, and as activist investors push for change. “We’re going to continue to return cash to shareholders through a very strong dividend,” Woods said Thursday on CNBC’s “Squawk Box.” He noted that 2020 was

U.S. stock index futures slid during overnight trading on Wednesday, accelerating losses from the regular trading session which saw the major averages finish in the red across the board. Futures contracts tied to the Dow Jones Industrial Average slid 62 points. S&P 500 futures and Nasdaq 100 futures declined 0.3% and 0.5%, respectively. Stocks posted

American Eagle clothing and accessories retailer American Eagle store seen in Tokyo. Budrul Chukrut | SOPA Images | Light Rocket | Getty Images Check out the companies making headlines after the bell on Wednesday: American Eagle Outfitters – The clothing company’s stock jumped 4.2% on the back of better-than-expected results for the fourth quarter. American

Britain’s Chancellor of the Exchequer Rishi Sunak takes part in a national “clap for carers” to show thanks for the work of Britain’s National Health Service (NHS) workers and frontline medical staff around the country as they battle with the coronavirus pandemic, on the steps of the Foreign and Commonwealth Office (FCO) on April 16,

U.S. stock futures rose slightly in overnight trading Tuesday after stocks dipped in the regular session. Dow futures rose 55 points. S&P 500 futures gained 0.15% and Nasdaq 100 futures rose 0.19%. On Tuesday, the major averages gave back some their sharp gains from Monday. The Dow Jones Industrial Average lost 143 points, pressured by

Air travelers walk toward a Lyft pickup area at Los Angeles International Airport (LAX) on August 20, 2020 in Los Angeles, California. Mario Tama | Getty Images Check out the companies making headlines after the bell on Tuesday: Lyft – The company’s stock gained 4.9% after the company said it had its best week in

People line up to receive free food donations Nov. 19, 2020 outside the St. Charles Borromeo Church in New York. Robert Nickelsberg | Getty Images News | Getty Images It’s been almost a year since the pandemic upended the labor market and hurtled millions into unemployment. Normally, that demarcation line would spell trouble: States re-calibrate

The major indexes may be kicking off the month in rally mode, but PNC Financial’s Amanda Agati sees trouble under the hood. She believes the rotation into economically sensitive market groups from stay-at-home plays is overdone. “The value side of the equation — that ‘go outside’ trade — has really moved way too far and

Gary Gensler, chairman of the Commodity Futures Trading Commission (CFTC), speaks during a Senate Banking Committee hearing in Washington, D.C., U.S., on Tuesday, July 30, 2013. Andrew Harrer | Bloomberg | Getty Images The confirmation hearings for President Joe Biden’s choices to run the Securities and Exchange Commission and Consumer Financial Protection Bureau — Gary

A customer uses a bitcoin automated teller machine (ATM) in a kiosk Barcelona, Spain, on Tuesday, Feb. 23, 2021. Angel Garcia | Bloomberg | Getty Images Citi thinks bitcoin is at a “tipping point” and could one day “become the currency of choice for international trade” as firms like Tesla and PayPal warm to it

A woman walks past the New York Stock Exchange (NYSE) at Wall Street on January 12, 2021 in New York City. ANGELA WEISS | AFP | Getty Images U.S. stock futures rose in overnight trading on Sunday, pointing to a strong open on the first trading day of March. Dow futures rose 175 points. S&P

Economist David Rosenberg says he made a career by not following the herd, and his bond forecast could be considered the latest example. According to the Rosenberg Research president, this year’s rate yield shock surrounding the benchmark 10-year Treasury Note is temporary. “This bond market is so radically oversold,” Rosenberg told CNBC’s “Trading Nation” on

Etsy CEO Chad Dickerson and others celebrate their IPO at the Nasdaq exchange, April 16, 2015. Getty Images Check out the companies making headlines in midday trading.  Etsy — Shares of the e-commerce company popped nearly 13% on Friday after beating on the top and bottom lines of its quarterly results. Etsy earned $1.08 per

The logo of Swedish payment provider Klarna is shown on the display of a smartphone on April 22, 2020 in Berlin, Germany. Thomas Trutschel | Photothek | Getty Images LONDON — Klarna is close to finalizing a $1 billion funding round that would give the Swedish fintech company a valuation of $31 billion, two people

Warren Buffett Gerard Miller | CNBC This is breaking news. Please check back for updates. Warren Buffett, the 90-year-old “Oracle of Omaha,” remains a firm believer in the American dream, saying in his closely watched annual shareholder letter to “never bet against America.” “In its brief 232 years of existence … there has been no