A logo is displayed next to a gas turbine at the General Electric Co. (GE) energy plant in Greenville, South Carolina, U.S., on Tuesday, Jan. 10, 2017. General Electric Co. is scheduled to release earnings figures on January 20. Sharrett / Bloomberg / Getty Images Check out the companies making headlines in midday trading. General
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Robin Li, chief executive officer of Baidu. Nelson Ching | Bloomberg | Getty Images GUANGZHOU, China — Baidu will raise at least $3 billion in a Hong Kong secondary listing this month, two people familiar with the matter told CNBC, making it the latest Chinese tech giant to raise money in the financial hub. The
A Model Y vehicle displayed at a Tesla flagship store on Jan. 4, 2021 in Shanghai, China. Gao Yuwen | Visual China Group | Getty Images BEIJING — Tesla‘s Model Y is getting off to a solid start in China, less than three months since deliveries began. The mid-size SUV was the third best-selling electric
Robert Knopes/Education Images/Universal Images Group via Getty Images The $1.9 trillion American Rescue Plan is almost law — meaning additional unemployment benefits for millions of workers should soon be on the way. The Covid relief bill, passed Saturday by the Senate, extends jobless benefits through Labor Day and raises them by $300 a week. The
A Nasdaq market maker works at the Nasdaq Market site in New York, May 2, 2019. Brendan McDermid | Reuters Stock futures edged higher in overnight trading Tuesday following a sharp rebound in technology shares amid falling bond yields. Futures on the Dow Jones Industrial Average rose 35 points. S&P 500 futures and Nasdaq 100
The Nasdaq rebound may last shorter than a New York minute. Wharton School finance professor Jeremy Siegel sees near-term trouble, saying the backdrop is dramatically supporting the reopening trade over Big Tech and growth plays. “I’ve been extremely bullish here for nine months,” he told CNBC’s “Trading Nation” on Tuesday. ”This stock market still has a
Kayaks are displayed outside of a Dick’s Sporting Goods Inc. store in West Nyack, New York. Craig Warga | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Tech stocks — Tech and more-speculative stocks rose en masse on Tuesday as a retreat in U.S. Treasury yields helped the sector reverse
Dow futures moved higher in overnight trading on Monday, putting the index on track to extend its rally from the regular session. Dow futures rose about 150 points. S&P 500 futures gained 0.5% and Nasdaq 100 futures rose 0.6%. On Monday, the Dow Jones Industrial Average rallied more than 300 points on investor optimism about
Economist Stephen Roach said Monday he believes Wall Street is overestimating a consumer comeback. According to the Yale University senior fellow, demand will snap back like a rubber band later this year as the V-shaped recovery loses momentum. “With vaccines rushing out together with a lot of stimulus, you can just sense this instant gratification of
Here are the stocks making headlines in midday trading. Apollo Global Management – Shares of the private equity firm gave back earlier gains and declined more than 4% after the company announced that it will merge with Athene Holding in an all-stock transaction. The deal values Athene Holdings, a retirement services company, at around $11