The Wall Street forecaster who warned investors to brace for once in a generation inflation has a new concern: Delta variant cases sparking new economic restrictions. According to Jim Bianco, the emerging risk will hinder the ability to pick market winners and losers into fall. “This is the toughest one [risk] for investors to get
Finance
Dubai-based mobility company Swvl said Wednesday that it plans to go public through a reverse merger with Queen’s Gambit Growth Capital. The special purpose acquisition company is led entirely by women. Founded in 2017, Swvl provides ridesharing services in emerging markets that don’t always have reliable public transportation. Unlike ride-hailing services that focus on one-off
Barclays and HSBC buildings are seen amid the outbreak of the coronavirus disease (COVID-19), in London, Britain October 20, 2020. Matthew Childs | Reuters Barclays beat second-quarter profit expectations on Wednesday and boosted returns to shareholders, with its investment banking and equities businesses posting record incomes. The British lender posted a quarterly attributable profit of
U.S. stock index futures fell during overnight trading on Tuesday after the major averages pulled back from record highs, snapping a five-day winning streak. Futures contracts tied to the Dow Jones Industrial Average slid 91 points, or 0.25%. S&P 500 futures were down 0.27%, while Nasdaq 100 futures fell 0.44%. During regular trading the S&P
Take a look at some of the biggest movers in the premarket: F5 Networks (FFIV) – F5 beat estimates by 30 cents a share, with quarterly earnings of $2.76 per share. The enterprise software maker’s revenue topped analysts’ forecasts as well. F5 saw strong demand amid a continued pandemic-induced growth in digital business applications. F5
Longtime market bull Phil Orlando is bracing for a rough stretch because Wall Street has reached a critical “inflection point.” The Federated Hermes chief equity market strategist is blaming the risk dynamic. Not only does Orlando see hotter-than-expected inflation and the Covid-19 delta variant as glaring issues, he’s also worried about uncertainty surrounding monetary and fiscal
A trader works inside his post on the floor of the New York Stock Exchange. Brendan McDermid | Reuters Stock futures were flat in overnight trading Monday ahead of quarterly earnings reports from several mega-cap technology companies. Futures on the Dow Jones Industrial Average added 15 points, or 0.04%. S&P 500 futures and Nasdaq 100
Jeff Bezos holds the aviation glasses that belonged to Amelia Earhart as he speaks during a press conference about his flight on Blue Origin’s New Shepard into space on July 20, 2021 in Van Horn, Texas. Joe Raedle | Getty Images Blue Origin founder Jeff Bezos on Monday offered to cover billions of dollars of
Economist Stephen Roach warns Beijing’s crackdown against U.S.-listed China stocks will have widespread market implications. Roach, who is considered one of the world’s leading experts on Asia, believes the actions are signaling the early stages of a cold war. “I am a congenital optimist when it comes to China. But I find these actions really
Traders working at the New York Stock Exchange (NYSE), today, Wednesday, April 21, 2021. Source: NYSE Stock futures opened little changed after the major averages finished the previous session at record closing highs and ahead of a heavy week of earnings reports from technology’s heaviest hitters. The Dow Jones Industrial Average eased by 5 points,
In this article .SETI .STI .KLSE SINGAPORE — Singapore’s markets look set to benefit as the world reopens and recovers from the pandemic, according to Nomura’s Chetan Seth. “We turned constructive on Singapore six, seven months ago,” Seth, Asia-Pacific equity strategist at the firm, told CNBC’s “Squawk Box Asia” on Friday. He said Singapore stocks
Chinese private educational company New Oriental logo seen in Shanghai. SOPA Images | LightRocket | Getty Images BEIJING — Two U.S.-listed Chinese education stocks plunged sharply in pre-market trading Friday after reports of a government crackdown on the sector that included bans on foreign investment. TAL Education shares fell 55% in extended, early-hours trading. New
In this article HON TWTR INTC SAM SNAP Pedestrians walk past Skechers shoes displayed outside of a store in San Francisco, California. Getty Images Check out the companies making headlines before the bell Friday: American Express – American Express gained 3.3% after reporting quarterly earnings of $2.80 per share. That beat the consensus estimate of
In this article AXP INTC SAM HON TWTR S3 Studio | Getty Images Check out the companies making headlines in midday trading. Snap — Shares of Snap soared roughly 24% after better-than-expected second-quarter earnings results. The social media company reported strong growth of users, engagement and ads. Twitter — Twitter shares gained 3.4% after reporting its fastest revenue
California will strengthen the security of the debit cards it uses to issue unemployment insurance and other benefits following a wave of fraud, according to an announcement from the state’s Employment Development Department. The state agency plans to work with Bank of America to start rolling out chip-enabled debit cards to new claimants, as well
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
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