Lyft President John Zimmer and CEO Logan Green applaud as Lyft lists on the Nasdaq at an IPO event in Los Angeles March 29, 2019. Mike Blake | Reuters Check out the companies making headlines after the bell: Shares of Lyft rose as much as 13% in after-hours trading after the ridesharing platform reported better-than-expected
Finance
Traders work on the floor of the New York Stock Exchange (NYSE) on August 05, 2019 in New York City. T Spencer Platt | Getty Images News | Getty Images The 10-year Treasury yield is having its steepest drop since late-July to early-August 2011 — the days surrounding Standard & Poor’s downgrade of the nation’s
Traders work on the floor at the New York Stock Exchange, August 5, 2019. Brendan McDermid | Reuters A consensus is forming on Wall Street the U.S.-China trade war will drag on till at least 2020 presidential election, so where could stock investors go amid the prolonged uncertainty? Goldman Sachs’ answer is companies with big
CEO of the Walt Disney Company, Bob Iger. Michael Kovac | Getty Images Check out the companies making headlines after the bell: Shares of Walt Disney fell more than 4% in after-hours trading after the entertainment giant’s third-quarter earnings missed Wall Street’s estimates. Disney reported adjusted earnings of $1.35 per share on revenue of $20.25
Traders and financial professionals on the floor of the New York Stock Exchange on December 27, 2018. Drew Angerer | Getty Images For all the excitement in the past 12 months, the stock market is exactly where it was one year ago. The S&P 500 just traded at 2,851.67. One year ago today, the index
Jim Cramer Scott Mlyn | CNBC Stocks were battered Monday as a wave of trade headlines added to investors’ fears. Still, CNBC’s Jim Cramer urged investors Monday to keep the tension in perspective. “I urge people to just think about it before they sell everything,” Cramer said Monday evening during CNBC’s “Markets in Turmoil” special.
The Trump administration took the trade war up another notch, calling China a currency manipulator and ratcheting up expectations that the White House has other moves it could make to retaliate against China. Last used in the 1990s, the designation was announced by the U.S. Treasury Monday after U.S. markets closed out a turbulent session.
NEW YORK, NY – OCTOBER 26: Traders and financial professionals work ahead of the closing bell on the floor on the New York Stock Exchange (NYSE), October 26, 2018 in New York City. Drew Angerer | Getty Images News | Getty Images Check out the companies making headlines midday Monday: Tyson Foods — The food
John Flint, chief executive officer of HSBC Holdings, at the World Economic Forum (WEF) in Davos, Switzerland on Jan. 24, 2019. Jason Alden | Bloomberg | Getty Images Shares of HSBC, Europe’s largest bank by assets, fell more than 1% in Hong Kong on Monday, after the surprise announcement of Chief Executive Officer John Flint’s
Despite averting disaster in the current earnings season, European banks continue to be plagued by persistent low interest rates, with a host of banking executives citing current central bank strategy as a key risk to future profitability. The European Central Bank (ECB) has maintained a low interest rate policy since the euro sovereign debt crisis
Traders work on the floor of the New York Stock Exchange. Getty Images Check out the companies making headlines midday Friday: Pinterest — Pinterest’s stock soared more than 20% after the social media company topped estimates for its second quarter revenues and surpassed 300 million monthly active users. The company reported $261 million in revenue
Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters Two words from Federal Reserve Chairman Jerome Powell and one tweet from President Donald Trump turned the market upside down rapidly this week. Some traders saw it coming and are ready to reap big money as the sell-off gains steam.
File photo of an ITT Technical Institute campus in Anaheim, California. Susan Goldman | Bloomberg | Getty Images When Morgan Marler’s 5-year-old daughter, Lilian, asks her why she doesn’t work anymore, Marler doesn’t know what to say. “I can’t explain debt to her,” Marler, 29, said. “And how I went to school and it was
Alternate crop.) Zion Williamson #1 of the Duke Blue Devils dunks the ball against the Syracuse Orange during their game in the quarterfinal round of the 2019 Men’s ACC Basketball Tournament at Spectrum Center on March 14, 2019 in Charlotte, North Carolina. ( Streeter Lecka | Getty Images Disney and Charter are still discussing a
Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters With new risks from trade wars, stocks head into the final weeks of summer vulnerable to a pull back or even correction. The market was down sharply in the past week, buffeted first by disappointment over the Fed’s more hawkish-than-expected
Wages picked up and hiring continued strong in July but at a much slower pace than last year, reflecting an economy heading toward full employment but still with workers looking to move into the labor force. The economy added 164,000 nonfarm payrolls in July, just as expected, but revisions reduced job growth in May and
Ben Silbermann, co-founder and chief executive officer of Pinterest Inc., center, rings the opening bell on the floor on the New York Stock Exchange during the company’s initial public offering (IPO) in New York, on Thursday, April 18, 2019. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines after the bell.
AFP | Getty Images Square is getting out of the food delivery business. The payments company is selling its on-demand delivery service Caviar to DoorDash for $410 million, Square announced during second-quarter earnings Thursday. The acquisition will be a combination of cash and DoorDash preferred stock, and is expected to close at the end of
Likely Federal Reserve nominee Judy Shelton compared the current situation involving the U.S. central bank and its global counterparts to the 1930s as the world struggled through the Great Depression. Shelton referred to the central banks lowering rates and devaluing their respective currencies to undercut competitors. The Fed lowered its benchmark interest rate by a
The underlying message by the Federal Reserve — after it cut interest rates on Wednesday — may not be as hawkish as many investors had interpreted it to be, according to the chief economist of Institute of International Finance. Stocks in the U.S. fell after Fed Chairman Jerome Powell suggested policymakers were not embarking on