Finance

U.S. President Donald Trump speaks during a roundtable discussion with conservative black supporters in the Cabinet Room at the White House in Washington, U.S., June 10, 2020. Kevin Lemarque | Reuters President Donald Trump has launched his first attack against the Federal Reserve in months, taking issue with the central bank’s subdued economic forecast. “The

Chinese tourists with facial masks stand in front of the New York Stock Exchange (NYSE) on February 3, 2020 at Wall Street in New York City. Johannes Eisele | AFP | Getty Images U.S. pressure on Chinese stocks looks set to accelerate the growth of capital markets in Hong Kong and mainland China, as investors

Investors may want to curb their enthusiasm for the market rally. The Bleakley Advisory Group’s Peter Boockvar warns stocks are vulnerable to a 10% or more summer sell-off. “That’s when the gut check is going to take place,” the chief investment officer told CNBC’s “Trading Nation” on Wednesday. “Right now, the market is ignoring all

Standard Chartered headquarters and a HSBC building are pictured on March 16, 2020 in Hong Kong. Zhang Wei | China News Service via Getty Images A major shareholder in both HSBC and Standard Chartered has hit out at the banks over their support for China’s controversial new national security law in Hong Kong. In a

A new bill that targets Chinese companies listed on U.S. exchanges could not only “backfire” on American investors, but also hurt Wall Street — which will lobby against the legislation, a Harvard professor told CNBC on Tuesday. Amid a tide of anti-China sentiment stateside, the U.S. Senate last month passed a bill that could essentially ban

Pedestrians walk past a GameStop Corp. store in New York, U.S. Bloomberg | Getty Images Check out the companies making headlines after the bell. GameStop — The video game retailer’s stock dipped 6% in extended trading after the company released its financial results for the first quarter. GameStop reported a loss of $1.61 per share

Nikola Motor’s Tre semi-truck. Nikola Motor Company Speculative traders are betting big that Tesla won’t be the only successful company of the future named for inventor Nikola Tesla. Shares of Nikola Corporation, which makes battery-electric and hydrogen-electric trucks, advanced more than 20% on Tuesday, after more than doubling on Monday. The company began trading on June 4

It appears a major shift is underway in the bond market. BofA Global Research’s Mark Cabana sees an improving jobs market adding fuel to the Treasury yield rally and providing some relief to the Federal Reserve ahead of Tuesday’s policy meeting. “We were really thinking that the economy would still really struggle to rebound in

The better-than-expected jobs report last week is further proof that the market is undervaluing bank stocks, Wells Fargo’s top bank analyst said Monday. “They’re still priced like the global financial crisis, and that’s a complete disconnect to the stock market as a whole, and frankly it’s a disconnect to what the bond market says about

Stanley Druckenmiller Adam Jeffery | CNBC Legendary investor Stanley Druckenmiller said tech giants Amazon and Microsoft are still among his biggest holdings, but noted he is quite bearish on growth stocks as a group.  “I have still something like Amazon and Microsoft in my largest holdings, but I have the least growth weighting in my