Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, April 28, 2022. Brendan McDermid | Reuters Stock futures dipped in overnight trading Tuesday ahead of a key inflation reading. Futures on the Dow Jones Industrial Average shed about 35 points, or 0.1%. S&P 500 futures eased 0.1% and
Finance
Terry Angelos, Visa’s global head of fintech and crypto. DriveWealth One of Visa‘s top executives is leaving the payments giant for a brokerage technology start-up, CNBC has learned. Terry Angelos, Visa’s global head of fintech and crypto, will take over as chief executive officer of start-up DriveWealth next week. Angelos joined Visa seven years ago
Truck drivers, such as the one pictured here in Shanghai in late April, typically need to show valid negative virus tests in order to move goods between cities in China. The American Chamber of Commerce in China said members have reported varying implementation of Covid controls depending on city and province. Vcg | Visual China
U.S. stock futures were higher on Monday night after the S&P 500 fell to its lowest point in more than a year. Dow Jones Industrial Average futures rose by 105 points, or 0.4%. S&P 500 and Nasdaq 100 futures climbed 0.4% and 0.4%, respectively. Shares of AMC and Novavax made major moves after hours on
Neel Kashkari Anjali Sundaram | CNBC Minneapolis Federal Reserve President Neel Kashkari said Monday he’s confident inflation will come back to normal though it’s taking longer than he expected. Acknowledging that he was on “team transitory” in believing that surging prices wouldn’t last, he said persistent supply-demand imbalances have generated the highest inflation levels in
George Clerk | E+ | Getty Images There’s an economic idiosyncrasy in the U.K. that makes it “one of the most vulnerable countries in the world right now,” according to an investment strategist. Mike Harris, the founder of Cribstone Strategic Macro, argues that a major problem for Britain is that its mortgage market is “heavily
Traders on the floor of the NYSE, May 6, 2022. Source: NYSE Stock futures fell on Sunday evening as traders looked for the market to find its footing after a dramatic week of trading. Futures tied to the Dow Jones Industrial Average dropped 124 points, or 0.4%. S&P 500 futures shed 0.6%, while those for
In this article TWTR Binance is the world’s largest crypto exchange, handling billions of dollars in trading volumes on a daily basis. STR | NurPhoto via Getty Images Bitcoin exchange Binance’s move to participate in Elon Musk’s $44 billion takeover of Twitter could boost digital currency evangelists’ hopes for the development of a more “decentralized,”
Xi Jinping seen giving a speech during the centenary of the founding of the Chinese Communist Party, in Fuyang on July 1, 2021. From a political perspective, 2022 is a particularly critical year for China, as Xi is expected to gain an unprecedented third term this fall at the 20th National Party Congress, alongside a
A trader works on the trading floor at the New York Stock Exchange (NYSE) in New York, May 5, 2022. Andrew Kelly | Reuters Stock futures were little changed in overnight trading Thursday after the Dow Jones Industrial Average posted its worst day since 2020. Futures on the Dow Jones Industrial Average were near flat.