Santa Claus waves to the crowd during the Macy’s Thanksgiving Day Parade in New York City. Getty Images It’s Thanksgiving time, and investors’ thoughts turn to holiday shopping and a year end Santa rally in the stock market. Some analysts think both could be pretty good this year. While Black Friday has probably lost some
Finance
Consumer sentiment unexpectedly rose in November, according to data released Friday by the University of Michigan. The university’s index of consumer sentiment climbed to 96.8 from 95.5 last month. Economists polled by Dow Jones expected consumer sentiment to dip to 94.9 for November. An index reflecting consumer expectations moving forward also rose to 87.3 from 84.2
Fosun International still sees growth in China and is “confident in the Chinese market,” Thomas Xue, CFO of the Chinese conglomerate, told CNBC’s Sri Jegarajah on Thursday. “China is slowing down a little bit, but (it is) still one of the fastest growth economy,” Xue said, reiterating his confidence in the Chinese market. “The population
Janet Yellen Scott Mlyn | CNBC NEW YORK — Pronounced wealth inequality that has built up for decades poses a major threat to a U.S. economy that is in otherwise “excellent” shape, former Federal Reserve Chair Janet Yellen said Thursday. The central bank leader from 2014-18 also said the U.S.-China tariff war is having a
Pedestrians pass in front of a TD Ameritrade location in San Francisco, California. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in the premarket Thursday: TD Ameritrade, Charles Schwab — TD Ameritrade shares surged more than 25% in the premarket after a source told CNBC’s Becky Quick the discount
Large crowds gather to hear Arielle Zuckerberg, partner at Kleiner Perkins, speak onstage during the Slush start-ups event in Helsinki, Finland, on Nov. 30, 2016. Tomi Setala | Bloomberg via Getty Images European start-ups have raised a record amount of funding so far this year, with $34.3 billion of venture capital flowing into the continent’s
Brent Lewin | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of Tiffany & Co. jumped 4% during extended trading after a Reuters report that French luxury goods maker LVMH raised its bid from $120 per share to approximately $130 per share, according to people familiar with the matter.
Federal Reserve Governor Lael Brainard said Wednesday she wants to see how the U.S. economy is performing before making changes to the central bank’s current stance on monetary policy. “The committee has a pretty substantial adjustment in the path of rates over the past few meetings,” Brainard told CNBC’s Steve Liesman on “Squawk on the Street.”
Robinhood co-founder and co-CEO Vlad Tenev speaks onstage during the TechCrunch Disrupt New York event on May 10, 2016. Noam Galai | Getty Images for TechCrunch Financial technology start-up Robinhood is gearing up to launch its commission-free stock trading app in the U.K. The Menlo Park, California-based firm said Wednesday that it was opening a
A shopper exits an Urban Outfitters store in New York. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of Urban Outfitters tanked more than 15% during extended trading after the retailer reported a third-quarter earnings miss on the top and bottom line. The company posted earnings