The logo of Swiss banking giant Credit Suisse is seen on October 17, 2017 in Zurich. Fabrice Coffrini | AFP | Getty Images Swiss watchdog FINMA (the Financial Market Supervisory Authority) said Wednesday it had initiated enforcement proceedings against Credit Suisse over the spying affair that came to light last year. “FINMA has opened enforcement
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A worker is seen wearing a mask while organizing merchandise at a Walmart store, in North Brunswick, New Jersey, July 20, 2020. Eduardo Munoz | Reuters Check out the companies making headlines in midday trading. Zoom Video — Shares of the video conferencing company rallied more than 30% on the back of better-than-expected results for
A man walks past the Wall Street Charging Bull in New York, the United States, March 24, 2020. Wang Ying | Xinhua News Agency | Getty Images Stock futures dipped in overnight trading on Monday after Wall Street notched its fifth consecutive month of gains. Futures on the Dow Jones Industrial Average fell about 50
An employee works on the production line of lithium battery at a factory of Tianneng Battery Group Co., Ltd on July 20, 2020 in Changxing County, Zhejiang Province of China. Tan Yunfeng | Visual China Group | Getty Images China will likely become the world’s largest economy in a few years and it is preparing itself for
The Dow is coming off its best August since “Ghostbusters” dominated the Billboard’s top 100 list 36 years ago. But it’s the next four weeks that could give investors a scare. Ally Invest’s Lindsey Bell predicts volatility will make a big comeback due to seasonal trends combined with rising uncertainty. “In September, you usually see
Take a look at some of the biggest movers in the premarket: Honeywell (HON), Amgen (AMGN), Salesforce.com (CRM) – Honeywell, Amgen and Salesforce become members of the Dow Jones Industrial Average as of today, replacing Pfizer (PFE), Exxon Mobil (XOM) and Raytheon Technologies (RTX). Apple (AAPL) – Apple begins trading on a post-split basis today,
European stocks are set to open higher on Monday as dovish U.S. monetary policy signals gave a boost to global risk assets. Germany’s DAX index is seen climbing 116 points to 13,145, France’s CAC up 44 points at 5,049 and Italy’s FTSE MIB up by 210 points at 20,006. In the U.K., markets are closed
Traders and financial professionals work ahead of the closing bell on the floor of the New York Stock Exchange. Johannes Eisele | AFP | Getty Images U.S. stock futures rose on Sunday night as traders were set to end the market’s best August performance since the 1980s. Dow Jones Industrial Average futures were up 106
Getty Images Now that Federal Reserve officials have sent a clear message on their desire for higher inflation, the tough part is convincing the world that they can pull it off. For the past decade, the Fed has struggled to get inflation up to the 2% target it sees as consistent with a growing economy
Take a look at some of the biggest movers in the premarket: Coca-Cola (KO) – The beverage giant announced a reorganization which will see the current 17-unit business structure changed to nine business units. The realignment will result in an undetermined number of both involuntary and voluntary job cuts, with Coca-Cola planning to offer voluntary
The Federal Reserve will have to keep supporting the economy as the recovery from the coronavirus pandemic “is going to be a slow one,” a top official at the central bank said Friday. “There’s more pain out there that we’re going to have to support the economy through,” Loretta Mester, president of the Cleveland Fed,
An employee demonstrates the Wirecard AG online payment smartphone app on the company’s exhibition stand at the Noah Technology Conference in Berlin, Germany, on Thursday, June 13, 2019. Krisztian Bocsi | Bloomberg via Getty Images Wirecard Card Solutions, the U.K. unit of disgraced German payments company Wirecard, has announced it will sell some assets to
Pedestrians pass in front of an Ulta Beauty store in New York. Gabby Jones | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Ulta Beauty — Shares of the retailer gained 6% after the company’s second-quarter profit topped expectations. Ulta earned 14 cents per share during that time period, compared with the
Patrick T. Harker, president of the Federal Reserve Bank of Philadelphia Charles Mostoller | Bloomberg | Getty Images Philadelphia Federal Reserve President Patrick Harker said Friday that it will take a significant amount of time before the U.S. sees unemployment figures return to their pre-coronavirus lows. Harker, a voting member of the Federal Open Market Committee, also
Futures tied to major U.S. equity benchmarks were flat in overnight trading on Thursday as Wall Street attempts to build on its record-breaking rally. The Dow Jones Industrial Average futures gained just 30 points. The S&P 500 futures and the Nasdaq 100 futures were both little changed. The S&P 500 reached a new all-time high
White House senior advisor Jared Kushner on Thursday praised Federal Reserve Chairman Jerome Powell for his leadership of the central bank’s response to the coronavirus pandemic. “Look, you really see what people are made of in times of crisis and I think that Chairman Powell has really stepped up to the plate, and he’s done a
The Federal Reserve announced a major policy shift Thursday, saying that it is willing to allow inflation to run hotter than normal in order to support the labor market and broader economy. In a move that Chairman Jerome Powell called a “robust updating” of Fed policy, the central bank formally agreed to a policy of
Economic forecaster Lakshman Achuthan is delivering an encouraging outlook. He finds a surge in commodity prices suggests the industrial space will lead the next leg of the recovery. “[It] is really firing on all cylinders,” the Economic Cycle Research Institute co-founder told CNBC’s “Trading Nation” on Wednesday. He builds his bullish case in a chart
Bloomberg | Bloomberg | Getty Images Check out the companies making headlines after the bell: NetApp — NetApp shares rose more than 10% in after-hours trading after the data-storage company reported unexpected earnings and sales growth. NetApp reported adjusted earnings of 73 cents a share, up from 65 cents a share a year ago. Analysts had expected
U.S. stock futures were flat in overnight trading on Tuesday after the S&P 500 closed at a new record high. Dow futures rose 5 points. The S&P 500 and Nasdaq 100 futures rose 0.04% and 0.1%, respectively. Software company Salesforce reported blowout earnings after the bell on Tuesday. The soon-to-be Dow member rose more than