Finance

Instead of focusing solely on his signature investment initiative, Chinese President Xi Jinping spent a good portion of a speech at the Friday opening ceremony of China’s Belt and Road forum discussing his plan for national economic reforms. Much of that discussion focused on issues at the heart of the ongoing trade war between Washington

Mary Meeker, a household name in tech investing, has raised more than $1 billion to invest out of her new fund. Meeker split with Silicon Valley investing giant Kleiner Perkins in September to start a new shop called Bond Capital. The venture firm has raised $1.25 billion, according to a regulatory filing this week. The

The “Fast Money” traders shared their first moves for the market open. Pete Najarian was a buyer of Occidental Petroleum. Tim Seymour was a buyer of Biogen. Chris Verrone was a buyer of Ford. Guy Adami was a buyer of Xilinx. Trader disclosure: Pete is long calls AAL, AMD, AMRN, ASHR, BABA, CSCO, CVE, DVN,

Check out the companies making headlines after the bell: Shares of Facebook popped more than 7% in extended trading Wednesday following the release of the social media giant’s first-quarter earnings. Facebook reported earnings per share of 85 cents, which was not comparable to analysts’ estimates due to a $3 billion legal expense related to a

Check out the companies making headlines midday Wednesday: Domino’s Pizza — Shares of Domino’s Pizza surged 8.9% on stronger-than-forecast quarterly earnings. The company reported earnings of $2.20, 11 cents higher than a Refinitiv estimate. Anadarko Petroleum — The energy company’s stock jumped 12% after Occidental Petroleum announced a bid of $76 a share for Anadarko,

Companies seem to be talking a little bit more about how price increases are helping profits, an early sign that more inflation could be seeping into the economy. “It’s not bad. [Prices] are sticking a little bit. Anecdotal evidence is what it is. I think the breadth of it is interesting. The idea that it’s

The markets are at new highs, but it doesn’t feel that way. Large earnings beats from companies as diverse at Lockheed Martin, United Technologies, PulteGroup and Whirlpool are propelling the S&P 500 to a new high. In addition to earnings well above expectations, we see China bottoming, Europe showing at least some signs of stability

Widely regarded banking analyst Mike Mayo of Wells Fargo is calling out top executives at State Street. In a research note issued after State Street’s earnings were released Tuesday morning, Mayo writes “STT needs to improve pay-for-performance and management accountability, especially after the release of 2019 proxy and disappointing first quarter 2019 and decade to

Tesla CEO Elon Musk touted robotaxis by 2020 on Tesla autonomy investor day, and Wall Street was not impressed. At the company event on Monday, Musk was all too confident about carrying out autonomous robotaxis next year, even predicting that Tesla will be making cars with no steering wheels or pedals by 2021. However, analysts

Check out the companies making headlines after the bell: Shares of Whirlpool soared as much as 9% in extended trading Monday following the release of the home appliance company’s mixed first-quarter earnings. Whirlpool posted earnings per share of $3.11 on revenue of $4.76 billion. Wall Street estimated earnings per share of $2.86 on revenue of

With the S&P 500 sitting less than 1% from its all-time high and on track for its fourth straight monthly gain, cautious investors can’t help but wonder how long they can still ride on the back of this aging bull before everything comes crashing down. Investors are used to erring on the side of caution.

Evercore downgraded electric car maker Tesla to “underperform” from “in-line” on Monday, citing concerns on the decline in demand across all models. There are many good reasons to worry about Tesla, including more competition, lower U.S. tax credits and an “aging” product lineup, wrote Evercore analyst Arndt Ellinghorst, who expects these headwinds to weigh on

Check out the companies making headlines midday Monday: Kimberly-Clark — Kimberly-Clark rose nearly 4.5% after the company reported strong first-quarter earnings. The parent company of Kleenex, Huggies and Kotex reported $1.66 per share versus the expected $1.54 per share, according to Refinitiv. Tesla — Shares of the automaker fell over 3.7% following an apparent explosion

Prospective Federal Reserve nominee Herman Cain promised to pursue a stable dollar if confirmed to a central bank board that he thinks is too dominated by academics. In an op-ed for The Wall Street Journal, the former presidential candidate, Kansas City Fed board president and Godfather’s Pizza CEO cited what he called the “professor standard”

This is breaking news. Please check back for updates. Canadian marijuana grower Canopy Growth announced Thursday a $3.4 billion deal to acquire Acreage Holdings after cannabis has been legalized in the United States. “Today we announce a complex transaction with a simple objective. Our right to acquire Acreage secures our entrance strategy into the United

The “Fast Money” traders shared their first moves for the market open. Brian Kelly was a buyer of the Long-Term Bond ETF. Karen Finerman was a buyer of Anthem. Dan Suzuki was a buyer of the Health Care ETF. Guy Adami was a buyer of Wynn Resorts. Trader disclosure: Brian Kelly is long Bitcoin, Litecoin

Investors will soon apply environmental, social and governance standards to global governments as the role of ethics grows in the investing world, according to Paul O’Brien, the former deputy CIO of the Abu Dhabi Investment Authority, which manages more than $700 billion in assets. “People [are] taking a more ethical approach to their investing. That

Check out the companies making headlines midday Thursday: Zoom Video Communications — Shares of the videoconferencing software company Zoom surged 80% on Thursday, its first day of trading. The stock traded as high as $66, compared with its initial price of $36. The bump gave Zoom a market cap of $16.7 billion. Pinterest — Pinterest

The revenue Robinhood gets from a controversial practice of selling customer trades to high frequency trading firms is skyrocketing, according to new research. The popular millennial stock-trading app brought in $69 million in order routing revenue in 2018, according to a new estimate from Alphacution Research, three times what the company brought in a year

Earnings season shifts into a higher gear in the week ahead, as investors also watch for fresh economic data that could show that the economy is pulling out of a temporary rut. Amazon, Boeing, Microsoft and ExxonMobil are among more than 140 S&P 500 companies reporting quarterly results. According to Refinitiv, 74% of the companies