Dado Ruvic | Reuters Famed investor Michael Burry revealed on Twitter that he received a subpoena from the Securities and Exchange Commission in connection with its investigation into GameStop, a wildly speculative stock that the “Big Short” trader once bet on. “So, who got an SEC subpoena over $GME? Actually, I know who, they’re on my
Finance
In this article 6666-HK Wilmington Trust’s Meghan Shue is out with a contrarian playbook designed to help investors grab profits during volatility. Even as correction forecasts increase and risk appetites slump on Wall Street, she lists overweighting stocks as her first recommendation for those with 9 to 12 month time horizons. “Over that time frame,
A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, Aug. 23, 2021. Michael Nagle | Bloomberg | Getty Images Stock futures climbed in overnight trading on Sunday as investors braced for the last week of a volatile September. Futures on the Dow Jones Industrial Average
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, on Monday, Aug. 23, 2021. Michael Nagle | Bloomberg | Getty Images Stock futures were flat in overnight trading on Thursday after two straight days of gains pushed major averages into positive territory for the week. Futures on the Dow
In this photo illustration, the Bitcoin logo is seen on a mobile device with People’s Republic of China flag in the background. (Photo Illustration by t/SOPA Images/LightRocket via Getty Images) Budrul Chukrut | SOPA Images | LightRocket | Getty Images China’s central bank renewed its tough talk on bitcoin Friday, calling all digital currency activities
In this article PLAY MTCH RCL NCLH The Carnival Cruise Ship ‘Carnival Vista’ heads out to sea in the Miami harbor entrance known as Government Cut in Miami, Florida June 2, 2018. RHONA WISE | AFP | Getty Images Check out the companies making headlines in midday trading. Carnival — Carnival shares rose 4% after
A person reads a list of employers as they attend a job fair at SoFi Stadium on Sept. 9, 2021, in Inglewood, California. PATRICK T. FALLON | AFP | Getty Images There remains little evidence that states successfully nudged people back to work by ending federal unemployment benefits early, according to economists. Twenty-six states withdrew
In this article ETH.CM= BTC.CM= A visual representation of the cryptocurrency Bitcoin on November 20, 2018 in London, England. Jordan Mansfield | Getty Images Bitcoin and ethereum tumbled into the red on Friday, with traders rattled by tough talk out of China. The price of bitcoin fell nearly 6% to $42,240, according to Coin Metrics
Chinese ride-hailing company Didi offers cars for guests of the Annual Meeting of the New Champions 2017 (World Economic Forum’s Summer Davos session) on June 27, 2017, in Dalian, Liaoning Province of China. VCG | Visual China Group | Getty Images BEIJING — As overseas investors reel from Beijing’s regulatory crackdown, the rapid fallout in
The Marriner S. Eccles Federal Reserve building in Washington. Stefani Reynolds/Bloomberg via Getty Images Likely before the end of the year, the Federal Reserve will start to tiptoe into the unknown. Central bank officials indicated Wednesday that they’re ready to begin “tapering” – the process of slowly pulling back the stimulus they’ve provided during the
In this article CRM DRI JOBY BIIB KBH BB Check out the companies making headlines before the bell: Darden Restaurants (DRI) — The Olive Garden parent reported earnings of $1.76 per share, higher than the $1.64-per-share forecast. The restaurant company also reported same-store sales that rose 47.5%, topping estimates. Shares rose 3% in premarket trading.
In this article BABA GUANGZHOU, China — Ant Group will share credit data from its consumer lending business with China’s central bank as part of an overhaul of the fintech giant. Huabei is a consumer loan product under Ant Group. Data from that lending product will be fed into the financial credit information database held
The Federal Reserve is pushing ahead with its study into whether to implement its own digital currency and will be releasing a paper on the issue shortly, Chairman Jerome Powell said Wednesday. No decision has been made on the matter yet, he added, and said the Fed does not feel pressured to do something quickly
A trader works on the floor of the New York Stock Exchange (NYSE) in New York, on Monday, Sept. 20, 2021. Michael Nagle | Bloomberg | Getty Images (Click here to subscribe to the new Delivering Alpha newsletter.) Wall Street investors believe it’s time to take some risk off the table as concerns continue to pile up
In this article 6666-HK A significant buying opportunity may be unfolding on Wall Street. Canaccord Genuity’s Tony Dwyer believes a record rally will follow the recent market tumult. “We’re going to move from this summer of indigestion into the year-end opportunity,” the firm’s chief market strategist told CNBC’s “Trading Nation” on Tuesday. “We’re just not
In this article ATVI JNJ COP DKNG Uber CEO Dara Khosrowshahi speaks at a product launch event in San Francisco, California on September 26, 2019. Philip Pacheco | AFP via Getty Images Check out the companies making headlines in midday trading. Uber — The ride-hailing giant saw its stock surging 11% after the company boosted
LONDON — Klarna will likely wait for volatility in the stock market to settle before solidifying plans for an initial public offering, CEO Sebastian Siemiatkowski has told CNBC. “The volatility in the market right now makes me nervous to IPO to be honest,” Siemiatkowski told CNBC’s Karen Tso at the London Tech Week conference on
In this article WISE-GB The Wise logo displayed on a smartphone screen. Pavlo Gonchar | SOPA Images | LightRocket via Getty Images LONDON — British financial technology firm Wise debuted an investments feature Tuesday that lets users invest in stocks through multiple currencies and spend their holdings. The new feature, called Assets, allows customers to
In this article AAL COIN AZN-GB Bundles of steel from Nucor Corp. sit for sale to at Thompson Building Materials in Lomita, California, U.S., on Thursday, Aug. 30, 2012. Patrick Fallon | Bloomberg | Getty Images Check out the companies making headlines in midday trading. American Airlines, United Airlines, Delta Air Lines — Shares of
In this article CFG CPE A syringe is filled with a dose of Pfizer’s coronavirus disease (COVID-19) vaccine at a pop-up community vaccination center at the Gateway World Christian Center in Valley Stream, New York, U.S., February 23, 2021. Brendan McDermid | Reuters Check out the companies making headlines before the bell: China Evergrande Group