Finance

The reflection of bitcoins in a computer hard drive. Thomas Trutschel | Photothek via Getty Images LONDON — A British man who accidentally threw out a hard drive with a trove of bitcoin on it is once again urging local city officials to let him search for it in a landfill site. James Howells, a

Medical workers collect swab samples from residents at a community Covid-19 testing site in Qiaoxi district of Shijiazhuang, capital of north China’s Hebei Province, Jan. 7, 2021. Yang Shiyao | Xinhua News Agency | Getty Images BEIJING — Mainland China on Thursday reported the first new Covid-19 death since May as authorities try to control

A credit card pictured on a computer keyboard. Peter Dazeley | The Image Bank | Getty Images LONDON — “Every company will be a fintech company,” Angela Strange, a general partner at famed Silicon Valley investor Andreessen Horowitz, declared early last year. Her comments reverberated through the fast-growing financial technology industry, and came as tech

Take a look at some of the biggest movers in the premarket: Urban Outfitters (URBN) – Urban Outfitters shares are under pressure after the apparel retailer said comparable holiday season sales fell 9%, and also announced the departure of Trish Donnelly as CEO of the Urban Outfitters Group unit. Sheila Harrington, CEO of the company’s

An exterior view of Party City store, who are closing their doors on July 08, 2020 in Pembroke Pines, Florida. Johnny Louis | Getty Images Check out the companies making headlines in midday trading.  Intel — Shares of the chipmaker popped more than 8% after CNBC’s David Faber reported that CEO Bob Swan would step

Pedestrians pass in front of a Nordstrom Inc. store in the Midtown neighborhood of New York, on March 20, 2020. Gabby Jones | Bloomberg | Getty Images Check out the companies making headlines after the bell Wednesday: Nordstrom  — The retailer’s stock fell more than 3% after the retailer said its holiday period sales dropped

U.S. stock index futures were modestly higher in overnight trading on Tuesday, after a session that saw stocks alternate between gains and losses. Futures contracts tied to the Dow Jones Industrial Average advanced 28 points, indicating a 43-point advance at the open. S&P 500 futures and Nasdaq 100 futures advanced 0.1%. Stocks closed little changed

Oppenheimer Asset Management’s John Stoltzfus is questioning the force of the historic market rally. Stoltzfus, who is the firm’s chief investment strategist, warned clients in a research note this week that “These benchmark moves had even long-term bulls like us wondering if the stock markets are climbing the proverbial ‘wall of worry’ too fast for

Traders work on the floor of the New York Stock Exchange. NYSE U.S. stock futures rose on Wednesday night as traders kept an eye on interest rates and lingering turmoil in Washington. Dow Jones Industrial Average futures traded 41 points higher, or 0.1%. S&P 500 futures also gained 0.1%, and Nasdaq 100 futures advanced marginally.

In this photo illustration, visual representations of the digital cryptocurrency, Bitcoin are arranged on January 4, 2021 in Katwijk, Netherlands. Yuriko Nakao | Getty Images Bitcoin’s price rallied to a fresh all-time high on Friday, smashing past $41,000 for the first time as investors increasingly view the cryptocurrency as an inflation hedge. The world’s most

Check out the companies making headlines in midday trading.  Tesla — The electric vehicle company surged more than 7% to a new record high. Tesla’s market capitalization jumped above $800 billion for the first time on Friday, making the company more valuable than Facebook, and the fifth-most valuable component of the S&P 500. Evercore ISI

Christian Sewing, chief executive officer of Deutsche Bank AG, pauses as Germanys biggest bank announces full year earnings in Frankfurt, Germany, on Friday. Feb. 1, 2019. Deutsche Banks revenue contracted for an eighth straight quarter in the final months of last year, complicating Chief Executive Officer Christian Sewings plan to turn around the lender through

Richard Clarida Scott Mlyn | CNBC Federal Reserve Vice Chairman Richard Clarida said he expects the central bank to maintain the pace of its asset purchases through the balance of 2021. “My economic outlook is consistent with us keeping the current pace of purchases throughout the rest of this year,” he told the Council on

William Li, founder and chairman of Nio, shares features of the et7 sedan at a launch event in Chengdu, China, on Jan. 9, 2021. Evelyn Cheng | CNBC BEIJING — Chinese electric car start-up Nio released its first sedan on Saturday with self-driving technology features that the company claims surpass that of Tesla. Pre-subsidy prices

Jamie Dimon, chief executive officer of JPMorgan Chase & Co., second left, listens during a House Financial Services Committee hearing in Washington, D.C., U.S., on Wednesday, April 10, 2019. Andrew Harrer | Bloomberg | Getty Images JPMorgan Chase and Citigroup were among the first major financial firms to say they will pause political action committee

Edward Yardeni is concerned the market will get smoked. The long-time bull, who spent decades running investment strategy for firms including Prudential and Deutsche Bank, is comparing Wall Street euphoria to the height of the dot-com bubble in 1999. “The Nasdaq from late 1998 to early 2000 went up over 200%. Now, we’re up almost 100%,

Traders work on the floor of the New York Stock Exchange. NYSE Stock futures dipped in overnight trading Sunday as investors assessed the outlook for more Covid-19 relief stimulus. Futures on the Dow Jones Industrial Average fell 60 points. S&P 500 futures traded 0.2% lower and Nasdaq 100 dipped 0.1%. The stock market is coming

A sign hangs from a branch of Banco Santander in London, U.K., on Wednesday, Feb. 3, 2010. Simon Dawson | Bloomberg via Getty Images LONDON — Mambu is the latest financial technology company to achieve the coveted status of “unicorn.” Headquartered in Berlin, Mambu sells software to banks both big and small to help them

Money manager Yana Barton expects Big Tech and health care to dominate market gains for the next 12 months and beyond. Despite a recent Wall Street rotation into economically sensitive groups, Barton wants to stick with what’s working. “All the secular tailwinds that were with us in 2020 are only accelerating,” Eaton Vance’s growth equity

Source: American Express American Express shares fell after the Wall Street Journal reported that the investigative arms of three U.S. financial agencies were probing the card issuer’s sales practices. Shares of the company dipped 1.3% Thursday after falling as much as 5% earlier. The offices of the inspectors general of the Federal Reserve, Treasury Department