Finance

A trader works on the floor during the Slack Technologies Inc. IPO at the New York Stock Exchange (NYSE) in New York, U.S. June 20, 2019. Brendan McDermid | Reuters Check out the companies making headlines after the bell: Beyond Meat fell 4.52% toward the end of extended trading after news that a consumer group,

Source: Current The founder of online bank Current claims Facebook copied his company’s logo for the social network’s bid to reinvent the global financial system. Stuart Sopp, a Wall Street trader turned start-up CEO, told CNBC that he used a San Francisco-based design firm named Character to create his start-up’s logo in 2016. That firm

The meeting between U.S. President Donald Trump and China President Xi Jinping at next week’s G-20 summit could sway the Federal Reserve at its next meeting, said the chief economist and head of research for Asia Pacific at ING, Rob Carnell. The U.S. central bank held interest rates steady on Wednesday and indicated that no

The Fed came very close to promising a rate cut Wednesday, and now markets are focused on a possible July rate cut. “I think they’re fully planning on cutting in July, absent stronger data,” said Ed Keon, QMA chief investment strategist. “The market liked it now, but it’s important to keep in mind, rate cuts

Judy Shelton, U.S. executive director for the European Bank for Reconstruction and Development, speaks during an interview in Washington, D.C., U.S., on Wednesday, May 29, 2019. Bloomberg | Bloomberg | Getty Images One of President Donald Trump’s possible picks for the open seats on the Federal Reserve board said in an interview that, if appointed,

In this photo illustration, a visual representation of a cryptocurrency sits on display in front of a Facebook logo. Chesnot | Getty Images Facebook unveiled its Libra cryptocurrency on Tuesday, and it didn’t go unnoticed by European officials. Hours after the company announced its crypto ambitions, French Finance Minister Bruno Le Maire poured cold water

Traders work the floor at the NYSE in New York. Brendan McDermid | Reuters Check out the companies making headlines after the bell: Shares of Adobe jumped nearly 3% during extended trading after the technology company reported $1.83 in adjusted earnings per share on $2.74 billion in revenue for the second quarter. Those figures topped

Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 30, 2019. Brendan McDermid | Reuters Investors seem to think if there’s a rate cut by the Federal Reserve, stocks will automatically rally. That may not be the case. That’s the message from UBS ahead of the Fed’s

Christian Kober | Getty Images There are signs that ongoing trade tensions are putting some pressure on China‘s job market — despite Beijing’s efforts to emphasize the negative impact of tariffs on the U.S. According to China’s top economic planning body, some local companies are cutting back on their efforts to hire new university graduates.

The Cosco Spain container ship, operated by Cosco Shipping Holdings Co., sails near the Yangshan Deepwater Port, operated by Shanghai International Port Group Co. (SIPG), in this aerial photograph taken in Shanghai, China, on Friday, May 10, 2019. Qilai Shen | Bloomberg | Getty Images Eleven banks that lend to shipping lines announced Monday that

Chief executive officer and chairman of The Walt Disney Company Bob Iger Getty Images Disney‘s stock is rising too far too fast, Imperial Capital said on Monday, noting the stock is trading at a record valuation on one basis. In a rare downgrade on Wall Street for the popular shares, Imperial Capital lowered its rating

Omar Marques | LightRocket | Getty Images Bitcoin leapt across the $9,000 mark on Sunday, boosted by reports that Facebook is soon set to launch its own cryptocurrency. The world’s largest digital coin traveled as high as $9,381.82 in the last 24 hours, according to CoinDesk’s bitcoin price index. The last time bitcoin hit a

Check out the companies making headlines before the bell: Chewy – Chewy will debut on Wall Street today after pricing its initial public offering at $22 per share, above the expected range. It also sold more stock than originally planned. Chewy parent PetSmart will receive almost $900 million from the stock sale. Broadcom – Broadcom

The “Fast Money ” traders shared their first moves for the market open. Tim Seymour was a buyer of Disney. Karen Finerman was a buyer of Red Robin. Brian Kelly was a seller of the Financials ETF. Dan Nathan was a seller of the Semiconductor ETF.  Trader disclosure: Tim Seymour is long AMZN, AAPL, ACBFF, ACRGF,

Wall Street’s top rated economist Ed Hyman just called the yield-curve inversion “the number one” market risk, and this chart shows why. Going back to 1986, when the yield curve turned flatter drastically and eventually inverted, the S&P 500 tends to go into a downward spiral within the next 12 months, according to The Leuthold

Federal Reserve Chairman Jerome Powell holds a press conference following a two day Federal Open Market Committee policy meeting in Washington, January 30, 2019. Leah Millis | Reuters With pretty much everyone convinced that the Fed is going to be cutting interest rates at some point this year, the central bank faces one rather pressing

Federal Reserve Chairman Jerome Powell holds a press conference following a two day Federal Open Market Committee policy meeting in Washington, U.S., January 30, 2019. Leah Millis | Reuters Even with President Trump and the markets calling for lower interest rates, the Fed is not likely to make a move when it meets next week

Traders work on the floor of the Exchange ahead of the Blue Apron IPO on the New York Stock Exchange in New York, June 29, 2017 Lucas Jackson | Reuters Check out the companies making headlines midday Friday: Broadcom — Broadcom shares dropped more than 6% after the chipmaker reported weaker-than-forecast quarterly revenue and cut

The U.S.-China trade spat may spare a few chipmakers, says one analyst. As large chip companies such as Broadcom fall under pressure from restrictions on Chinese telecommunications giant Huawei — a major buyer of U.S. semiconductor chips until its recent blacklisting — a few more focused players will likely avoid the brunt of the pain, Ark

U.S. and Chinese flags seen at the US Department of State May 23, 2018 in Washington, DC. Brendan Smialowsk | AFP | Getty Images BEIJING – The Chinese government is trying to convince the world that the onus is on the U.S. to resolve trade tensions between the two countries. As negotiations remain at a