Chinese Foreign Ministry spokeswoman Hua Chunying attends a news conference in Beijing, China January 21, 2021. Carlos Garcia Rawlins | Reuters BEIJING — China slapped sanctions on U.K. entities on Friday, saying that Britain’s sanctions on Chinese individuals over alleged human rights abuses in Xinjiang were based on “lies and disinformation.” The Ministry of Foreign
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In this article JPM C WFC KBE GS Federal Reserve Jerome Powell testifies during a Senate Banking Committee hearing on “The Quarterly CARES Act Report to Congress” on Capitol Hill in Washington, U.S., December 1, 2020. Susan Walsh | Reuters Bank stocks rose in extended trading on Thursday after the Federal Reserve announced its plan
Arrival LONDON — British electric vehicle manufacturer Arrival began trading on the Nasdaq Thursday following a merger with a U.S. blank-check company. The company finalized its combination with CIIG Merger Corp, a special purpose acquisition company (SPAC) set up by former Marvel CEO Peter Cuneo, on Wednesday. It’s now worth roughly $13 billion, up from
Wells Fargo Securities’ Chris Harvey is building a major part of his strategy on a consumer comeback. From hotels to casinos to restaurants, many of this year’s winning trades will involve spending outside the home, the firm’s head of equity strategy predicts. “We really want exposure to the consumer,” Harvey told CNBC’s “Trading Nation” on
Traders on the floor of the New York Stock Exchange Source: NYSE Futures contracts tied to the major U.S. stock indexes inched higher at the start of the overnight session Wednesday evening after pressure on technology stocks sent the Nasdaq Composite down 2% during the regular session. Dow futures rose 30 points, while contracts tied
Take a look at some of the biggest movers in the premarket: Intel (INTC) – Intel said it would spend $20 billion to build two new plants at existing facilities in Arizona, in an effort to grab more market shares and fill gaps created by a worldwide chip shortage. Intel aims to start production at
Canaccord Genuity’s Tony Dwyer is temporarily dialing back his appetite for stocks. On the one-year anniversary of the Covid-19 bottom, he’s telling investors the market is in “no man’s land.” “We’re in this period where the Russell 1000 growth mega cap stocks aren’t oversold anymore and the cyclical or economic recovery theme isn’t extreme overbought
U.S. stock futures were flat in overnight trading on Tuesday amid renewed investor concern about the global recovery from the coronavirus pandemic. Dow futures rose 20 points. S&P 500 futures gained 0.08% and Nasdaq 100 futures rose 0.3%. On Tuesday, stocks tied to an economic recovery led the losses amid rising new coronavirus cases in
The bronze Charging Bull in the financial district of New York City. Robert Nickelsberg | Getty Images Precisely one year ago, a new bull market was born. Powered by unprecedented stimulus, stocks crawled out of their deep pandemic rout and started sprinting. History indicates that after big bear market declines, strong bull markets usually follow
Traders on the floor of the New York Stock Exchange. Source: NYSE U.S. stock index futures were little changed during overnight trading on Monday, after all three major averages posted gains during regular trading hours. Futures contracts tied to the Dow Jones Industrial Average advanced 38 points, or 0.1%. S&P 500 futures were also up