An exterior view of Party City store, who are closing their doors on July 08, 2020 in Pembroke Pines, Florida. Johnny Louis | Getty Images Check out the companies making headlines in midday trading. Intel — Shares of the chipmaker popped more than 8% after CNBC’s David Faber reported that CEO Bob Swan would step
Finance
A worker pours molten iron into a mold at a mill manufacturing marine engine components in Huaian, Jiangsu province, China February 11, 2019. Reuters BEIJING — Financial institutions are betting on more business opportunities in China’s finance industry, which Beijing is eager to crack open — even if analysts say major changes are a long
RiverFront Investment Group’s Kevin Nicholson believes inflation comeback worries are premature because Treasury yields’ upside is limited. His latest analysis came as the benchmark 10-year Treasury Note yield hit its highest level in almost ten months. “The market is preparing for further stimulus,” the firm’s global fixed income co-chief investment officer told CNBC’s “Trading Nation”
General Motors said Monday that it is suspending its quarterly dividend and stock buybacks to preserve cash during the coronavirus pandemic. JEFF KOWALSKY | AFP | Getty Images Check out the companies making headlines in midday trading. Tesla – Shares of the electric vehicle company advanced more than 6%, clawing back the majority of Monday’s
Xpeng CEO He Xiaopeng stands next to the company’s P7 electric sedan as he addresses media at the 2020 Beijing auto show. Evelyn Cheng | CNBC In July 2020, local branches for four of the “big five” banks extended 10.4 billion yuan in credit to Nio for the start-up’s China operations based in the city
Economist Stephen Roach sees trouble on Wall Street. His observation: The market is placing too much emphasis on the Federal Reserve holding interest rates at zero to prevent the economy from falling into another recession. “That gives markets conviction to look though literally anything from political insurrection to the likelihood of a double dip to
A Nio ES6 electric vehicle is on display at an automotive experience area of Wanda Plaza on Nov. 28, 2020 in Beijing, China. VCG | Visual China Group | Getty Images Check out the companies making headlines midday on Monday: Nio — U.S.-listed shares of the Shanghai-based electric vehicle company advanced more than 8% after
Traders work on the floor of the New York Stock Exchange. NYSE Stock futures held steady in overnight trading Sunday as investors assessed the outlook for more Covid-19 relief stimulus. Futures on the Dow Jones Industrial Average fell just 20 points. S&P 500 futures and Nasdaq 100 were both little changed. The stock market is
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., second left, listens during a House Financial Services Committee hearing in Washington, D.C., U.S., on Wednesday, April 10, 2019. Andrew Harrer | Bloomberg | Getty Images JPMorgan Chase and Citigroup were among the first major financial firms to say they will pause political action committee
studioEAST | Getty Images LONDON — Bitcoin’s record-breaking rally has led to a surge in retail investment interest in the cryptocurrency market. Crypto exchanges such as Coinbase and Binance and online trading platforms including Revolut and eToro have seen a spike in activity recently, as new investors race to capture some of the wild gains