Billionaire investor Bill Ackman said he’s bullish on the U.S. and markets over the long term, but companies with a high level of debt will have a hard time surviving. “We are long-term bullish on America; We are long-term bullish on the markets,” Ackman said on CNBC’s “Squawk Box” on Wednesday. “But I would say
Finance
Shareholders watch the stock market in a securities business hall. Nanjing, Jiangsu Province, China, 6 July 2020. Costfoto | Barcroft Media | Getty Images China’s recent stock market rally is raising fears that it’s being driven by retail investors indulging in leverage-fueled risky trading which caused a spectacular crash back in 2015. Analysts say they
The Senate banking committee on Tuesday approved controversial Federal Reserve nominee Judy Shelton as well as Christopher Waller for two vacancies on the central bank’s board of governors. Their nominations now head to the full Senate for confirmation. President Donald Trump had announced his intention to nominate the pair in July 2019 but the move
Take a look at some of the biggest movers in the premarket: Coca-Cola (KO) – Coca-Cola reported quarterly earnings of 42 cents per share, 2 cents a share above estimates. Revenue was in line with expectations. It was the 23rd time in 25 quarters that the company beat Wall Street forecasts, but a year-over-year revenue
The view from the top of Shanghai’s skyscraper shows Jin Mao Tower (left) and Shanghai World Financial Centre (right) on November 11, 2015 in Shanghai, China. Alexander Kaunas | Kommersant | Getty Images BEIJING — When it comes to betting on a post-coronavirus China, some of the country’s largest property developers are concentrating on a few
Many states’ pandemic-era moratoriums on renter evictions have expired. In some 30 states, eviction proceedings now can continue. Pictured, rent-forgiveness graffiti in Los Angeles. VALERIE MACON Most of the relief measures included in the historic stimulus package Congress passed in March are coming to an end, even as the financial suffering of millions of Americans,
Take a look at some of the biggest movers in the premarket: Halliburton (HAL) – The oilfield services company earned 5 cents per share for its latest quarter, compared to Wall Street forecasts of an 11 cents per share loss. Revenue came in below estimates, however, amid a significant drop in global activity. Noble Energy
The economic aftermath of the coronavirus pandemic is likely to worsen when authorities start rolling back relief measures — and banks could experience “far more damage” to their balance sheets, said Piyush Gupta, group chief executive of Singaporean bank DBS. Speaking to CNBC’s “Managing Asia” anchor Christine Tan, Gupta said government stimulus in many countries is
Take a look at some of the biggest movers in the premarket: Netflix (NFLX) – The video streaming service saw its bottom line fall 22 cents a share below Wall Street forecasts with quarterly profit of $1.59 per share. Revenue and subscriber additions were above estimates. Projected subscriber additions for the current quarter of 2.5
Attempting to forecast the path of the American economy right now is like peering into a dark well — nobody knows how deep the hole goes. Even Jamie Dimon, CEO of JPMorgan Chase and veteran prognosticator of all things financial, is flummoxed. As head of the financial system’s bellwether, a bank with $3.2 trillion in