Finance

Institutional Investor Hall of Famer Richard Bernstein sees troublesome activity within the market surge. His problem: Big Tech is the main driver. “Narrow leadership is an end-of-cycle event,” the Richard Bernstein Advisors CEO and CIO told CNBC’s “Trading Nation” on Thursday. According to Bernstein, it’s a compelling reason to get cautious. “You want it to be

Take a look at some of the biggest movers in the premarket: Hilton Worldwide (HLT) – The hotel operator reported a quarterly profit of 6 cents per share, compared to expectations of a 2 cents per share loss. Revenue, however, came in below Wall Street forecasts as comparable revenue per available room fell nearly 60%

U.S. stock index futures gyrated in overnight trading on Wednesday as investors hoped that the winner of the U.S. presidential election would be determined soon. Futures contracts tied to the Dow Jones Industrial Average shed 21 points after initially moving higher out of the gate. S&P 500 futures were marginally lower, while Nasdaq 100 futures

The exterior of the headquarters of biotechnology company Biogen in Cambridge, MA is pictured on March 21, 2019. John Tlumacki | Boston Globe | Getty Images Check out the companies making headlines in midday trading.  Uber, Lyft — Shares of the ridehailing companies jumped 13.3% and 12.8%, respectively, after early voting projections suggest that Californians

Election officials count absentee ballots at a polling place located in the Town of Beloit fire station on November 03, 2020 near Beloit, Wisconsin. Scott Olson | Getty Images Stock futures rose on Tuesday night following a sharp rally during regular trading while investors awaited the result of the presidential election. Dow Jones Industrial Average

JPMorgan signage on the door of an office building in New York. Scott Mlyn | CNBC JPMorgan Chase said that it is facing another potential fine weeks after paying a record penalty, this time over internal controls in wealth management and other areas. The bank disclosed the impending action late Monday in a filing, saying

Fundstrat Global Advisors Tom Lee is calling for stocks to rally into year-end. It’s not dependent on any single election outcome. Rather, it takes into account three widely-talked about scenarios. Lee’s base case: Joe Biden wins with a blue wave due to his strength in the polls and betting markets. “That rally is roughly 10%,”

U.S. stock futures rose slightly in overnight trading as investors awaited Tuesday’s Presidential election between incumbent Donald Trump and former Vice President Joe Biden. Dow futures rose 84 points. S&P 500 and Nasdaq 100 futures gained 0.2% and 0.22%, respectively. Stocks rebounded on Monday from a sell-off to end October that was driven by a

SHANGHAI — Chinese fintech giant Lufax is laying the groundwork for international expansion over the next five years, following a cash injection from its U.S. IPO, the company’s chief executive told CNBC. Lufax started trading on the New York Stock Exchange on Friday raising around $2.36 billion. The stock fell as much as 14.3% on

A man walks near the New York Stock Exchange (NYSE) on August 31, 2020 at Wall Street in New York City. Angela Weiss | AFP | Getty Images Stock futures were flat in overnight trading on Sunday as the market tried to rebound from its worst week since March. The move came as England adopted

CFRA’s Sam Stovall acknowledges the market may feel like a rollercoaster over the next few weeks. But he believes any damage should be contained to November regardless of who wins the presidency. “Investors say ‘okay, usually by then we know who the president is, now we can try to organize our portfolios and our mindsets

Joe Biden, 2020 Democratic presidential nominee, right, and President Donald Trump during the presidential debate at Belmont University in Nashville, Tennessee, on Oct. 22, 2020. Kevin Dietsch/UPI/Bloomberg via Getty Images President Donald Trump and Joe Biden, his Democratic opponent in next week’s election, have broadly diverging views on issues that would impact the personal finances

Brenan Hefner, co-founder and chief operating officer of Analyst Hub, and his family outside of their former home in Pelham, NY. Source: Brian Hefner Like many before him, Brenan Hefner arrived in New York 20 years ago in search of a career on Wall Street. His journey will sound familiar to those drawn to the

Check out the companies making headlines in midday trading.  Twitter – Shares dropped more than 20% after the social media company reported user growth that fell short of expectations amid heightened scrutiny and the challenge of handling posts around the U.S. election. Twitter ad revenue grew 15% year over year to $808 million, but the company

Joggers pass the Marriner S. Eccles Federal Reserve building in Washington, D.C., on Tuesday, Aug. 18, 2020. Erin Scott | Bloomberg | Getty Images With inflation still elusive and a host of questions surrounding an economy that just set a single-quarter record for growth, the Federal Reserve faces a choice of whether to wait for

The Marriner S. Eccles Federal Reserve building stands in Washington, D.C., U.S., on Tuesday, Aug. 18, 2020. Erin Scott | Bloomberg via Getty Images The Federal Reserve has lowered the barriers on its lending program for smaller businesses as part of an effort to broaden the appeal of the sparsely used facility. In another pair

Apple CEO Tim Cook delivers the keynote address during the 2020 Apple Worldwide Developers Conference (WWDC) at Steve Jobs Theater in Cupertino, California, June 22, 2020. Brooks Kraft | Apple, Inc. via Reuters U.S. stock futures fell in overnight trading Thursday after some of the technology heavyweights came under pressure following their quarterly reports. Futures

Nitat Termmee | Moment | Getty Images These days, it’s harder than ever for consumers to know if they’re getting good financial advice. Current rules make it easy — and legal — for brokers to recommend investments that aren’t in the best interest of their clients. This framework has been in place for years on

People pass by The New York Stock Exchange. Angela Weiss | AFP | Getty Images LONDON — The coronavirus pandemic is likely to cause a long-lasting “zombification” of the global economy, a prominent research firm warns.  Agathe Demarais, global forecasting director of the Economist Intelligence Unit, suggested that those “zombie” features previously associated with the

An employee of Tupperware Brands Corporation is at work on the production line at the group’s plant in Joue-les-Tours, centre France, on the day of its 40th anniversary. AFP PHOTO / JEAN-FRANCOIS MONIER (Photo credit should read JEAN-FRANCOIS MONIER/AFP/Getty Images) Jean-Francois Monier | AFP | Getty Images Check out the companies making headlines in midday