Finance

Pedestrians walk past Yum! Brands Shanghai, China Bloomberg | Getty SINGAPORE — Shares of Yum China began trading in Hong Kong on Thursday, but lost more than 4% in early trade. Yum China, which operates fast food restaurants KFC, Taco Bell and Pizza Hut in China, raised $2.22 billion by selling 41.9 million shares at

SINGAPORE — Retail investors have been fueling a frenzied buying boom in markets this year, sparking fears that they are driving too much speculation in the market. But Christopher Smart, chief global strategist at Barings Investment Institute, suggested that the risks could be overblown. “It’s something we’ve lived with — through the dotcom bubble and

PeopleImages | E+ | Getty Images It has been more than a month since millions of Americans learned they’d be receiving an extra $300 a week in unemployment benefits, and more than a dozen states have begun issuing the payments. Yet a key question remains for workers: How long will the funding last? There’s not

An investor watches the electronic board at a stock exchange hall on November 26, 2018 in Nanjing, Jiangsu Province of China.  VCG via Getty Images BEIJING — In a sign of how murky the Chinese stock markets can still be, some publicly listed companies have disclosed odd instances of “accidental” stock sales in the last

A view of Nasdaq in Times Square hours ahead of the implementation of ‘New York State on PAUSE’ executive order as the coronavirus continues to spread across the United States on March 22, 2020 in New York City. Noam Galai | Getty Images U.S. stock futures moved lower in overnight trading and pointed to losses

Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co., listens during a Business Roundtable CEO Innovation Summit discussion in Washington, D.C., Dec. 6, 2018. Andrew Harrer | Bloomberg | Getty Images JPMorgan Chase welcomed employees back from a long holiday weekend with a troubling message in their inboxes: Some of them may

A Temasek Holdings signage at their office in Singapore. Munshi Ahmed | Bloomberg | Getty Images SINGAPORE — Singapore’s state investment company Temasek said Tuesday the net value of its portfolio fell for the first time since 2016 as the coronavirus pandemic hit global markets. The size of Temasek’s portfolio fell to 306 billion Singapore dollars

The “Fearless Girl” statue stands in front of the New York Stock Exchange (NYSE) at Wall Street on June 29, 2020 in New York City. Angela Weiss | AFP | Getty Images Stocks futures climbed in overnight trading on Monday after technology shares suffered their worst sell-off in more than five months. Futures on the

Take a look at some of the biggest movers in the premarket: DocuSign (DOCU) – The provider of electronic signature technology reported quarterly earnings of 17 cents per share, more than doubling the 8 cents a share consensus estimate. Revenue also beat forecasts and DocuSign issued upbeat full-year guidance. Broadcom (AVGO) – Broadcom came in

Niraj Shah, CEO, Wayfair Ashlee Espinal | CNBC Check out the companies making headlines in midday trading.  Tesla — Tesla shares whipsawed in midday trading, trading higher by 0.5% after falling as much as 8.5% and into bear-market territory earlier in the session. The stock of the electric car maker has come under marked pressure

Jennifer Haynes, a self-employed chef and single mother living in Rancho Cucamonga, Calif., is struggling to make ends meet after unemployment benefits abruptly stopped in July without explanation. Meanwhile, the 42-year-old is the sole provider for twin boys, one of whom has special needs. Jennifer Haynes Jennifer Haynes didn’t just fall through cracks in the

Job creation in August represents continued improvement in the U.S. economy but a full recovery won’t happen until the coronavirus pandemic is under control, Boston Federal Reserve President Eric Rosengren said Friday. Unemployment fell to 8.4% as nonfarm payrolls rose by 13.7 million last month, the Labor Department reported, in numbers that were significantly better

Federal Reserve Chairman Jerome Powell, wearing a face mask, testifies before the House of Representatives Financial Services Committee during a hearing on oversight of the Treasury Department and Federal Reserve response to the outbreak of the coronavirus disease (COVID-19), on Capitol Hill in Washington, U.S., June 30, 2020. Tasos Katopodis | Reuters Interest rates are

Jack Dorsey, chief executive officer of Twitter Inc. and Square Inc., speaks during an Empowering Entrepreneurs events at Ryerson University in Toronto, Ontario, Canada, on Tuesday, April 2, 2019. Cole Burston | Bloomberg | Getty Images A remarkable changing of the guard is happening in finance. This week, the market capitalization of fintech payments firm Square exceeded

People wait outside a Bank of China branch in Beijing on July 11, 2014. GREG BAKER | AFP | Getty Images Banks in China are likely to record greater declines in profits in the second half of this year as bad loans are set to rise further as a result of the coronavirus pandemic, according

A pedestrian passes in front of the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images U.S. stock futures fell on Thursday night following a massive decline sparked by tech shares during regular trading. Dow Jones Industrial Average futures dipped 101  points, or 0.4%. S&P 500 futures were down by 0.4% and Nasdaq

Jiko CEO Stephane Lintner Source: Jiko A tiny start-up led by a former Goldman Sachs trader has become the first fintech firm to complete the acquisition of a nationally-regulated U.S. bank, CNBC has learned. Jiko, a 23-person company founded by Stephane Lintner, has closed a deal to purchase Mid Central National Bank, a 63-year old

Source: Robinhood Popular trading platform Robinhood is under investigation related to its disclosures around its practice of selling clients’ orders to high-frequency traders, the Wall Street Journal reported Wednesday. The Securities and Exchange Commission’s probe into the Silicon Valley start-up is at an advanced stage and could result in a fine of more than $10 million if

PNC Financial’s Amanda Agati is positioning for a challenging fall. Agati, the firm’s chief investment strategist, questions whether the market can move meaningfully higher with uncertainty relating to the presidential election, the coronavirus’ path and effectiveness of vaccine trials churning in the background. “I don’t know if I want to say — or go as far

SpaceX CEO Elon Musk participates in a postlaunch news conference inside the Press Site auditorium at NASA’s Kennedy Space Center in Florida on May 30, 2020, following the launch of the agency’s SpaceX Demo-2 mission to the International Space Station. NASA/Kim Shiflett The massive boost from Apple and Tesla’s stock splits is showing signs of