Finance

In this article ROO-GB AMZN A Deliveroo cyclist in London, U.K. Dinendra Haria | SOPA Images | LightRocket | Getty Images LONDON — Shares of British food delivery start-up Deliveroo sank in its stock market debut Wednesday, as the company faces pressure from top investors and trade unions over workers’ rights. Deliveroo, which is backed

In this article US10Y SMH MCHP NXPI TXN ADI .IXIC Paul Meeks is wary of the group that made him famous on Wall Street. The investor, known for running the world’s largest technology fund during the late 1990s, says it’s the wrong time to aggressively put money to work in tech. “You have to play

In this article 8604.T-JP CSG.N-CH MS .BBKA GS American flags hang from the facade of the New York Stock Exchange (NYSE) building in New York January 28, 2021. Mike Segar | Reuters The diverging fortunes of major banks in the fallout from the Archegos Capital Management meltdown has posed serious questions for global regulators, experts

In this article VIACP DISCA 9888-HK 700-HK 8604.T-JP CSG.N-CH The warning by Japanese investment bank Nomura that it could incur billions of dollars in losses at a U.S. subsidiary was “pretty unfortunate,” an analyst said on Tuesday. Nomura on Monday flagged a potential $2 billion loss resulting from transactions with a client stateside. The bank’s

In this article .SPX US10Y XLK XLE XLV XLP XLU XLC CFRA’s Sam Stovall sees three reasons April should spell gains for stocks. Stovall, who’s known for building market forecasts based on historical trends, highlights market instability over the past two weeks as his top bullish signal. “The period after the Ides of March is

In this article TWTR FLY PEBO PFBI AMZN V BILI BA TME CALM LUV 8604.T-JP CSCO GS VIAC DISCA CG Take a look at some of the biggest movers in the premarket: Discovery Communications (DISCA), Viacom (VIAC) – Both stocks remain on watch this morning, after significant declines last week. A source with direct knowledge

In this article TME 700-HK Executives of Tencent Music Entertainment celebrate the company’s IPO outside the New York Stock Exchange (NYSE) in New York, U.S., December 12, 2018 Bryan R Smith | Reuters GUANGZHOU, China — Tencent Music Entertainment Group announced plans to buy back up to $1 billion worth of shares on Monday after

Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters Stock futures held steady in overnight trading Sunday after a rush of broad based late buying pushed the S&P 500 to a record high in the final minutes of the previous session. Futures on the Dow Jones Industrial Average dipped

A woman walks past the headquarters of the People’s Bank of China in Beijing, China. Jason Lee | Reuters BEIJING — Data for the year so far show signs that China is starting to crack down on debt. A first-quarter survey by the China Beige Book released Thursday found that borrowing by state-owned enterprises dropped

In this article MO PRGS NIO LYFT UBER ROOT MSFT F NLY MSGN MSGE BOWX WFC C BAC JPM ZM Take a look at some of the biggest movers in the premarket: BowX Acquisition (BOWX) – The special purpose acquisition company will take office-sharing company WeWork public in a deal worth $9 billion, including debt.

In this article TSLA CRM Marc Benioff, Co-CEO of SalesForce speaking at the WEF in Davos, Switzerland on Jan. 22, 2019. Adam Galica | CNBC Chainalysis, a start-up that sells blockchain data analytics tools, announced Friday that it’s raised $100 million in an investment round valuing the company at $2 billion. That’s double what Chainalysis

In this article @CL.1 @LCO.1 A satellite image shows stranded container ship Ever Given after it ran aground in Suez Canal, Egypt March 25, 2021. CNES Airbus DS | Reuters The Ever Given, one of the world’s largest container ships, is still wedged in the Suez Canal, and the economic effects from the blockage —

The Marriner S. Eccles Federal Reserve building stands in Washington, D.C., U.S., on Tuesday, Aug. 18, 2020. Erin Scott | Bloomberg via Getty Images The Federal Reserve has come a long way from the days of warning about “irrational exuberance.” Former Fed Chairman Alan Greenspan famously sent up a flare in December 1996 about stretched

In this article KWEB Chinese and U.S. flags outside the building of an American company in Beijing, China January 21, 2021. Tingshu Wang | Reuterss A new Securities and Exchange Commission rule that will require foreign companies to submit documentation about government affiliations and government influence is causing headaches for China investors. It’s one of

In this article AXP Pilot’s founders Jessica McKellar (CTO), Waseem Daher (CEO), Jeff Arnold (COO) Pilot Accounting start-up Pilot raised a new round of funding from Jeff Bezos and other Silicon Valley investors to help small businesses outsource back-office tasks. The San Francisco-based company closed a $100 million funding round this week, doubling its valuation

Chinese Foreign Ministry spokeswoman Hua Chunying attends a news conference in Beijing, China January 21, 2021. Carlos Garcia Rawlins | Reuters BEIJING — China slapped sanctions on U.K. entities on Friday, saying that Britain’s sanctions on Chinese individuals over alleged human rights abuses in Xinjiang were based on “lies and disinformation.” The Ministry of Foreign

In this article JPM C WFC KBE GS Federal Reserve Jerome Powell testifies during a Senate Banking Committee hearing on “The Quarterly CARES Act Report to Congress” on Capitol Hill in Washington, U.S., December 1, 2020. Susan Walsh | Reuters Bank stocks rose in extended trading on Thursday after the Federal Reserve announced its plan

Darren Westlake, co-founder and CEO of Crowdcube, at a fintech conference in London, on April 12, 2017. Simon Dawson | Bloomberg via Getty Images LONDON — British start-up crowdfunding platforms Crowdcube and Seedrs agreed Thursday to terminate their £140 million ($192 million) merger, a day after regulators raised competition concerns with the deal. The U.K.

Wells Fargo Securities’ Chris Harvey is building a major part of his strategy on a consumer comeback. From hotels to casinos to restaurants, many of this year’s winning trades will involve spending outside the home, the firm’s head of equity strategy predicts. “We really want exposure to the consumer,” Harvey told CNBC’s “Trading Nation” on

Samuel Corum/Bloomberg via Getty Images The IRS had a backlog of almost 12 million paper tax returns from individuals and businesses as of Christmas, according to a report from the Treasury Inspector General for Tax Administration. As a result, many taxpayers may not have gotten refunds owed from last year’s filing season, the watchdog said