In this article DPZ WHR CMG PEP CAG A employee sprinkles cheese on a burrito at a Chipotle Mexican Grill restaurant in Hollywood, California. Patrick T. Fallon | Bloomberg | Getty Images Consumer brands from Chipotle Mexican Grill to Whirlpool are dealing with inflation by passing higher costs onto their customers through price hikes. Many
Finance
Anthony Scaramucci, former director of communications for the White House and founder of SkyBridge Capital LLC, speaks during the Skybridge Alternatives (SALT) conference in Las Vegas, Nevada, on May 8, 2019. Joe Buglewicz | Bloomberg | Getty Images Anthony Scaramucci, founder and co-managing partner of SkyBridge, told CNBC on Friday he’s mandated Covid shots at
A Specialist trader works inside a booth on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 13, 2021. Brendan McDermid | Reuters Stock futures edged slightly higher in overnight trading after a rise in technology stocks boosted the Nasdaq Composite to its third-straight positive day on Thursday. Futures
In this article INTC SNAP TWTR SAM SKX The Twitter logo is displayed on a smartphone screen on April 14, 2021. NurPhoto | NurPhoto | Getty Images Check out the companies making headlines after the bell: Twitter — Shares of Twitter jumped more than 4% after hours following a strong quarterly earnings report. The social
An illustration showing the cryptocurrency bitcoin with a price chart in the background. STR | NurPhoto via Getty Images Funding for blockchain start-ups topped $4 billion for the first time in the second quarter, despite a sharp slump in cryptocurrency prices. Companies in the nascent industry raised a record $4.38 billion, according to data from
Chinese authorities have promoted the use of the yuan worldwide, while the U.S. dollar dominates global transactions. Getty Images BEIJING — When it comes to the investment outlook, one Chinese economist predicts once-a-century opportunities will emerge from a “struggle for supremacy” between the U.S. and China. This game-changing window comes from upheaval on both sides,
In this article CSX KMI TXN LVS Signage is displayed outside the Venetian Resort in Las Vegas, Nevada, U.S., on Sunday, Oct. 18, 2020. Roger Kisby | Bloomberg | Getty Images Check out the companies making headlines in after-hours trading. Las Vegas Sands — Shares of the casino giant slipped 2% in extended trading after
JP Morgan CEO Jamie Dimon gives a speech during the inauguration of the new French headquarters of US’ JP Morgan bank on June 29, 2021 in Paris. Michel Euler| AFP | Getty Images JPMorgan Chase granted Jamie Dimon new stock options as a retention bonus to incentivize the chief executive officer to lead the banking giant for
Signage illuminated at the China Huarong Asset Management Co. headquarters on Financial Street in Beijing, China, on Wednesday, May 19, 2021. Yan Cong | Bloomberg | Getty Images BEIJING — Weak spots are emerging in China’s growing debt pile. National debt levels have climbed to nearly four times of GDP, while an increasing number of
An American Airlines plane lands at the Miami International Airport on June 16, 2021 in Miami, Florida. Joe Raedle | Getty Images Check out the companies making headlines in midday trading. Simon Property Group — The mall operator rose 5% after Stifel upgraded the stock to buy from hold. The Wall Street firm said Simon
Check out the companies making headlines before the bell: Travelers – The insurance company earned $3.45 per share for its second quarter, easily beating the consensus estimate of $2.39. Revenue also topped forecasts, with Travelers benefiting from higher premiums, improved investment returns and lower catastrophe losses. Nasdaq – Nasdaq shares rose 1% in the premarket after
Swiss banking giant UBS has beaten second-quarter earnings expectations, reporting net profit attributable to shareholders of $2 billion. This is up from $1.23 billion reported for the same period last year, and significantly above analysts expectations of $1.34 billion, according to Refinitiv data. This is a developing story and will be updated shortly.
Jorge Sanz | LightRocket | Getty Images Jitters around the delta variant hindering the economic comeback sparked a steep sell-off on Wall Street Monday, pushing a number of stocks into bear market territory already. The Dow Jones Industrial Average dropped as much as 930 points, on pace for its worst one-day decline of the year.
Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Billionaire investor Bill Ackman said Monday that the spread of the delta variant doesn’t pose a threat to the economic reopening, seeing interest rates rising on the back of the big comeback. “I hope what it does is that it motivates anyone
In this article UAL AAL U.S. stock index futures were little changed during overnight trading on Sunday, after the major averages posted their first negative week in four. Futures contracts tied to the Dow Jones Industrial Average slid 48 points. S&P 500 futures were down 0.12%, while Nasdaq 100 futures were marginally lower. The Dow
A sign shows this department store cashier register accepts e-CNY, the digital currency issued by China’s central bank. Barcroft Media | Barcroft Media | Getty Images BEIJING — Foreign travelers to China will be able to use the government-developed digital yuan without a local bank account, the country’s central bank said in a paper published
The logo of cryptocurrency exchange Binance displayed on a smartphone with stock market percentages in the background. Omar Marques | SOPA Images | LightRocket via Getty Images Binance will no longer offer digital versions of stocks like Tesla, Apple and Coinbase, as the cryptocurrency exchange faces growing pressure from regulators around the world. The world’s
In this article SQ Jack Dorsey creator, co-founder, and Chairman of Twitter and co-founder & CEO of Square arrives on stage at the Bitcoin 2021 Convention, a crypto-currency conference held at the Mana Convention Center in Wynwood on June 04, 2021 in Miami, Florida. Joe Raedle | Getty Images Payments company Square is launching a
Federal Reserve chair Jerome Powell has been testifying on Capitol Hill this week, and it’s pretty clear that he is not a fan of digital coins – especially stablecoins. During a two-day congressional hearing, the Fed chief said the main incentive for the U.S. to launch its own central bank digital currency, or CBDC, would
Serhii Shleihel | iStock | Getty Images Signs are mounting that student loan borrowers could get more time before they need to resume their payments. For more than 16 months now, most borrowers’ bills have been on pause, thanks to a break offered by the U.S. Department of Education because of the financial struggles wrought