Traders working at the New York Stock Exchange (NYSE), on May 19, 2021. NYSE U.S. stock futures inched up slightly on Thursday night, following a two-day sell-off for the Dow in the wake of the Federal Reserve’s policy update. Futures for the Dow Jones Industrial Average were up 0.01%. Futures for the S&P 500 ticked
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The Klarna logo displayed on a smartphone. Rafael Henrique | SOPA Images | LightRocket via Getty Images LONDON — Europe’s tech sector has already attracted more venture capital investment so far this year than it did throughout the whole of 2020, according to data shared with CNBC. Start-ups in the continent have raised a whopping
Take a look at some of the biggest movers in the premarket: Adobe (ADBE) – Adobe reported quarterly profit of $3.03 per share, 21 cents a share above estimates. The software company’s revenue also topped Wall Street forecasts and Adobe gave stronger-than-expected current-quarter guidance. Its shares rose 3.1% in premarket trading. Smith & Wesson (SWBI)
St. Louis Federal Reserve President James Bullard told CNBC on Friday that he sees an initial interest rate increase happening in late-2022 as inflation picks up faster than previous forecasts had anticipated. That estimate is even quicker than the outlook the broader Federal Open Market Committee released Wednesday that caused a hit to financial markets.
In this article JPM LEN TK NVDA C FOXA A sign is posted in front of the NVIDIA headquarters on May 10, 2018 in Santa Clara, California. Justin Sullivan/Getty Images Check out the companies making headlines in midday trading. Nvidia — Shares of Nvidia gained 2.3% after Bank of America raised its price target on
Treasury yields may be about to break out. Even though yields temporarily fell after this week’s Federal Reserve decision on interest rates, Wells Fargo Securities’ Michael Schumacher expects the benchmark 10-year Treasury Note rate to end the year as high as 2.20%. “The 10-year yield is going up a fair bit through the remainder of
BEIJING — Chinese dancer and TV host Jin Xing is confident the entertainment industry will return to normal, and that the arts will be more prized post-pandemic. In China, where stringent lockdowns helped control the domestic spread of Covid-19 within months, Jin’s private dance company was able to resume national touring last year, she told
In this article FSR NVDA HNST A Nvidia logo is seen on the company’s building at an industry park on February 7, 2019 in Tianjin, China. VCG | Visual China Group | Getty Images CureVac — Shares of the German biopharmaceutical company continued to fall after it released primary efficacy results Wednesday for its Covid-19
In this article UBSG-CH LONDON — One of the world’s biggest wealth managers doesn’t think artificial intelligence can replace the role of financial advisors. Ralph Hamers, the CEO of UBS, said Wednesday that technologies like AI were better suited to handling day-to-day functions like opening an account or executing trades than advising clients. “There is
Traders work on the floor of the New York Stock Exchange. NYSE Stock futures dipped slightly in overnight trading after the Federal Reserve raised inflation expectations and forecast rate hikes as early as 2023. Futures on the Dow Jones Industrial Average fell 61 points, or 0.18%. S&P 500 futures edged 0.24% lower and Nasdaq 100
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policy-making meeting on April 28. Text removed from the April statement is in red with a horizontal line through the middle. Text appearing for the first time in the new statement is in red and underlined. Black text appears in both
Antony Jenkins, founder of 10x Future Technologies and former CEO of Barclays. Chris Ratcliffe | Bloomberg | Getty Images LONDON — The financial technology venture of former Barclays CEO Antony Jenkins has raised £132.5 million ($186.6 million) from investors in a bid to expand into North America. 10x Future Technologies was founded by Jenkins in
Signage for the Stock Exchange of Thailand (SET) is displayed outside the bourse in Bangkok, Thailand, on Monday, Oct. 26, 2020. Taylor Weidman | Bloomberg via Getty Images Thailand could see a record number of IPOs this year, says Dealogic’s Ken Fong. Data shows it’s been a standout in Southeast Asia’s public listing space. “Thailand
In this article DKNG XOM VRM New England Patriots cornerback Stephon Gilmore (24) stretches during the New England Patriots practice session in Foxborough, MA on Oct. 22, 2020. Barry Chin | Boston Globe | Getty Images Sage Therapeutics — Shares of the drug maker fell about 17% after the release of study results for its
CryptoPunks — one of the most popular non-fungible tokens — displayed in Times Square on May 12, 2021. Alexi Rosenfeld | Getty Images Has the NFT bubble already burst? Non-fungible tokens took the art world by storm earlier this year. NFTs are a type of digital asset designed to show someone has ownership of a
In this article BTC.CB= @CL.1 Institutional Investor Hall of Famer Richard Bernstein is sounding the alarm on bitcoin. He warns bitcoin is a bubble and crypto fever is pushing investors away from the market groups positioned to grab the biggest gains, particularly oil. “It’s pretty wild,” the CEO and CIO of Richard Bernstein Advisors told
Jamie Dimon, CEO of JP Morgan Chase, appears on CNBC’s Squawk Box at the 2020 World Economic Forum in Davos, Switzerland on Jan. 22nd, 2020. Adam Galica | CNBC Jamie Dimon believes cash is king – at least for the time being. JPMorgan Chase has been “effectively stockpiling” cash rather than using it to buy
Traders on the floor of the New York Stock Exchange. Source: NYSE U.S. stock futures were steady in overnight trading on Sunday as investors digested the S&P 500’s record level heading into a week with a key Federal Reserve meeting. Dow futures rose 23 points. S&P 500 futures were flat and Nasdaq 100 futures added
Economist David Rosenberg believes the bond market is getting inflation right and yields shouldn’t trade at higher levels. His reasoning: Inflation as a temporary phenomenon caused by enormous pent-up demand and supply chain issues connected to the coronavirus pandemic. “The numbers have been shocking to the upside, no doubt about it. But it’s pretty easily
State Street Financial Center building, which houses the company’s headquarters, in Boston, Massachusetts. Brent Lewin | Bloomberg | Getty Images State Street is creating a division dedicated to digital finance, which will comprise cryptocurrency, central bank digital currency, blockchain technology and tokenization, it announced Thursday morning. State Street Digital will be integrated with its proprietary