Finance

A Fitbit display at a Target store in Los Angeles. Getty Images Check out the companies making headlines after the bell: Shares of Fitbit plummeted as much as 21% in after-hours trading after the maker of health and fitness devices cut its guidance for the next quarter. In its second-quarter earnings report, the company said,

The “Fast Money ” traders shared their first moves for the market open. Tim Seymour was a buyer of Apple. Chris Verrone was a buyer of General Electric.  Karen Finerman was a buyer of American Airlines. Guy Adami was a buyer of McKesson.  Disclosure Trader disclosure:  Chris Verrone is long BAC, DBX, SMAR, ZNGA, TWTR, QD. Karen

A container ship moored at the Piraeus Container Terminal in Greece on June 6, 2016. Alkis Konstantinidis | Reuters While investors look for clues about the health of the global economy, a research and analytics unit under S&P Global said a “hidden” segment of debtors is flashing early signs of trouble. Those borrowers are small

The Fed is about to take the unusual step of cutting interest rates to save an economic expansion, not an economy that seems set to be headed into a downward spiral. The Federal Open Market Committee, at the end of its two-day meeting Wednesday, is widely expected to announce a quarter point rate cut, its

A woman holds her Green Dot prepaid debit card in Monrovia, Calif. Damian Dovarganes | AP Branchless bank Green Dot is launching the highest yielding bank account in the industry. The Pasadena, California-based bank, which gained traction with prepaid cards in the dot-com era, launched a new bank account Tuesday with 3% annual interest on

Airwallex’s cofounders, from left to right, Xijing Dai, Lucy Liu, Jack Zhang and Max Li. Airwallex When Jack Zhang and Max Li were looking for a side-hustle to supplement their day jobs, they did like good Melbournites and opened a coffee shop. It seemed like an easy choice for two Chinese natives keen to assimilate

Esther George, John Williams and Jerome Powell, at Jackson Hole, Wyoming, August 24, 2018. David A. Grogan | CNBC There’s a good chance one or two, and maybe even three, Fed officials could disagree with the central bank’s decision to cut rates Wednesday, and that could make it more difficult for markets to glean the

Check out the companies making headlines before the bell: Pfizer — Pfizer is merging its off-patent drug unit with Mylan in a stock swap deal to form a new entity, to be 43% owned by Mylan shareholders with Pfizer shareholders owning the rest. Separately, Pfizer reported adjusted quarterly profit of 80 cents per share, 5

Anthony Tan, co-founder and chief executive officer of Grab, poses for a photograph in Singapore, on Monday, July 9, 2018. Bloomberg | Getty Images SoftBank Group CEO Masayoshi Son said Monday the Japanese conglomerate will invest $2 billion in ride-hailing giant Grab, Reuters reported. It will also help the Southeast Asian technology start-up build a

A trader works ahead of the closing bell on the floor of the New York Stock Exchange, June 19, 2019 in New York City. Drew Angerer | Getty Images U.S. consumer spending, the biggest part of the economy, saved the day for the record-long expansion, but a big decline in business investments raised concerns about

Traders work beneath a monitor displaying Halliburton Co. signage on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, May 2, 2016. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines midday Friday: Starbucks — The coffee company’s stock jumped 7% after Starbucks announced earnings

Charles Ergen, chairman and co-founder of Dish Network Corp Jonathan Alcorn | Bloomberg | Getty Images For nearly a decade, Dish Network hasn’t really had a plan. Today, it has one. Yes, Dish has had ideas about a plan. It has bought billions of dollars of wireless spectrum but hasn’t actually put it to use.

Omar Marques | LightRocket | Getty Images If you own bitcoin or other cryptocurrencies, you might want to check your mailbox. The Internal Revenue Service is in the process of sending letters to U.S. citizens who own virtual currency and potentially failed to pay the necessary taxes and to those who improperly reported taxes on

Traders work the floor at the NYSE. Brendan McDermid | Reuters The Fed is expected to cut interest rates for the first time in more than a decade Wednesday, a pre-emptive move as concerns rise about the impact of the trade wars and a slowing global economy. Friday’s July jobs report should show that the

Eric Trump, third from left, and Donald Trump Jr., second from right, talk with guests at the opening of the Trump Golf Links clubhouse, Monday, June 11, 2018, in the Bronx, New York. Mark Lennihan | AP Trump Ferry Point, the Bronx golf course operated by President Donald Trump’s company, lost more than $122,000 in

A dog sits in front of the New York Stock Exchange (NYSE) during Chewy Inc.’s initial public offering (IPO) in New York, U.S., on Friday, June 14, 2019. Michael Nagle | Bloomberg | Getty Images In his most recent letter to investors, David Einhorn of Greenlight Capital wrote that today’s market bears resemblance to the

USAA Financial Center Source: USAA | Facebook Charles Schwab on Thursday announced plans to acquire assets of USAA’s Investment Management Co., including brokerage and managed portfolio accounts, for $1.8 billion in cash. The companies have also agreed to a long-term referral agreement, effective at closing of the acquisition, that would make Schwab the exclusive wealth

People walk past the Public Credit Information Service Hall in Suzhou, China, on May 6, 2019. Suzhou was one of several places chosen in 2018 by the Chinese government to run a social credit trial, which can reward or punish citizens for their behavior. Qilai Shen | Bloomberg | Getty Images The Chinese government is

A man passes a Louis Vuitton store in Macau, China, on Friday, Dec. 10, 2010. Daniel J. Groshong | Bloomberg | Getty Images The impact on earnings from the slowdown in China and the ongoing trade war is not uniform. Halfway through the earnings season, company reports show the much-feared collapse in guidance for the

Employees have lunch at the canteen at Facebook’s new headquarters, designed by Canadian-born American architect Frank Gehry, at Rathbone Place in central London on December 4, 2017. DANIEL LEAL-OLIVAS | AFP | Getty Images Check out the companies making headlines after the bell: Shares of Facebook jumped 3.5% in after-hours trading, before falling into the