Leon Cooperman at the 2019 Delivering Alpa conference in New York on Sept. 19. 2019. Adam Jeffery | CNBC Billionaire investor Leon Cooperman isn’t holding back anything regarding his feelings about Elizabeth Warren‘s presidential platform. Like many of her fellow Democrats vying for the party’s nomination, the Massachusetts senator has railed against the uber-rich like
Finance
Pedestrians walk past the People’s Bank of China headquarters in Beijing, China, on January 7, 2019. Giulia Marchi | Bloomberg | Getty Images BEIJING — The People’s Bank of China is choosing not to follow many other major central banks in cutting interest rates as it tries to navigate a challenging economic environment. China’s central
A federal judge on Monday said that a deceptive commodities trading tactic known as spoofing can be prosecuted under the wire fraud statute, a decision that will allow a criminal case against two ex-Deutsche Bank precious metals traders to move forward. The decision by Judge John Tharp in U.S. District Court in Chicago also supports
The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of Bank of America. Steve Grasso was a buyer of Snapchat. Dan Nathan was a buyer of Facebook. Guy Adami was a buyer of Schlumberger. Disclosure Trader disclosure: Tim Seymour is long AMZN, AAPL, ACBFF, ACRGF, ALEF, AMZA, ACB,
Taavet Hinrikus and Kristo Käärmann, founders of TransferWise Source: Transferwise ABU DHABI — TransferWise, the $3.5 billion financial technology start-up backed by investors including Peter Thiel and Richard Branson, is expanding its money transfer service in the Middle East. The company announced Tuesday it obtained a license as a Money Services Provider in Abu Dhabi.
A pedestrian passes in front of a TD Ameritrade Holding Corp. location in San Francisco, California. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of TD Ameritrade climbed more than 4% during extended trade after the company reported better-than-expected earnings for its fourth quarter. The
Bank of America CEO Brian Moynihan speaking on Squawk Box at the WEF in Davos Switzerland on Jan. 20th, 2019. Adam Galica | CNBC Another financial giant is adding to the growing consensus that the correct price of a stock trade is zero. Bank of America said Monday that any customer of its retail banking
Check out the companies making headlines before the bell: American Express – The financial services giant earned $2.08 per share for the third quarter, 5 cents a share above estimates. Revenue also came in above analysts’ forecast. American Express also forecast current-quarter revenue growth of 8% to 10%, compared to a consensus estimate of 8.9%.
Federal Reserve policymakers don’t have their minds made up about where interest rate policy is headed and will weigh conditions as they unfold, central bank Vice Chairman Richard Clarida said Friday. With the Fed less than two weeks away from a meeting at which markets expect another rate cut, Clarida said decisions will be made
HTC’s Exodus 1s smartphone comes packed with cryptocurrency-related features. HTC HTC is bringing out a cheaper version of its blockchain-friendly smartphone in a bid to entice the people hesitant about buying cryptocurrencies and expense flagships from the likes of Apple and Samsung. The Taiwanese smartphone maker on Saturday launched the Exodus 1s, a slightly smaller
Stocks will try in the week ahead to break the all-time highs set earlier in the year as a slew of S&P 500 companies get set to report. The S&P 500 and Dow Jones Industrial Average are both around 1% below their all-time highs while the Nasdaq Composite is about 2% away from its record.
[embedded content] [The stream is slated to start at 12:45 p.m., ET. Please refresh the page if you do not see a player above at that time.] James Gorman, CEO of Morgan Stanley, and J.P. Morgan Chase CEO Jamie Dimon were set to speak Friday at an event organized by the Institute of International Finance
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., speaks during the Bloomberg Global Business Forum in New York, on Wednesday, Sept. 25, 2019. Tiffany Hagler-Geard | Bloomberg | Getty Images J.P. Morgan Chase CEO Jamie Dimon is not bullish on the future of Facebook’s libra cryptocurrency. “It was a neat idea that’ll never
Wells Fargo Securities’ Michael Schumacher sees year-end bond market volume dropping off earlier than usual. According to the firm’s global head of rate strategy, the slide will likely occur around Thanksgiving instead of mid-December. Not only is Wall Street still thinking about last year’s painful historic stock market drop, Schumacher blames the geopolitical backdrop. He
Pigs raised by farmers are seen at Linquan county on December 5, 2018 in Fuyang, Anhui Province of China. Visual China Group | Getty Images BEIJING — China needs more pork imports than ever as the country grapples with an outbreak of a swine disease — and that could become a business opportunity for U.S.
A pedestrian walks past a Charles Schwab office in New York. Scott Eells | Bloomberg | Getty Images Charles Schwab is yet again lowering the barrier to enter the world of trading stocks. The online broker will soon let its clients trade fractions of stocks, the founder and chairman told the Wall Street Journal in
The Federal Reserve building is pictured on Tuesday August 6, 2019. Caroline Brehman | CQ-Roll Call Group | Getty Images The Federal Reserve could soon pause in its latest rate-cutting cycle, and, depending on economic data and developments in trade talks, that could happen at, or more likely, after the Oct. 29-30 meeting. Chicago Fed
A slew of Wall Street’s top hedge fund managers shared their best ideas on Wednesday at the annual Sohn San Francisco Investment Conference. The conference is best known for hedge fund managers making market-moving presentations. The Sohn conference held in San Francisco is the West Coast version of the investment conferences that began in New
Signage is displayed outside Morgan Stanley & Co. headquarters in the Times Square neighborhood of New York. Michael Nagle | Bloomberg | Getty Images Here are the most important things to know about Thursday before you hit the door. 1. Morgan Stanley earnings We’ll get quarterly earnings from Morgan Stanley before the bell on Thursday.
Brian Moynihan, CEO of Bank of America, at the Goldman Sachs U.S. Financial Services Conference on December 4, 2018. Michael Newberg | CNBC Bank of America beat analysts’ estimates for profit and revenue as the firm’s consumer and banking businesses offset a slump in trading. The firm said net income excluding an impairment charge rose