Finance

Take a look at some of the biggest movers in the premarket: Morgan Stanley (MS) – Morgan Stanley earnings and revenue beat estimates for the fourth quarter. Results were helped in part by strong growth in investment banking and trading revenues. The company’s shares rose 2.5% in premarket trading as of 7:40 a.m. ET. UnitedHealth

The Leuthold Group’s Jim Paulsen sees trouble lurking as investors embrace growing odds of another stimulus package. Even though the long-time bull acknowledges massive aid has been necessary to steer the U.S. through the coronavirus crisis, he’s worried too much spending will spark sharp inflation. In a recent note, Paulsen called it the “most significant risk

Take a look at some of the biggest movers in the premarket: Goldman Sachs (GS) – Goldman earned $12.08 per share for the fourth quarter, well above the consensus estimate of $7.47 a share. Revenue also came in above analysts’ forecasts, helped by strong bond trading and underwriting performances. Goldman shares rose 2% in premarket

Credit Suisse’s Jonathan Golub is painting a more bullish picture for corporate America with earnings season officially underway.  ”It’s going to get better and better as we progress throughout 2021 for their profits,” the firm’s chief U.S. equity strategist told CNBC’s “Trading Nation” recently. JPMorgan Chase, Citigroup and Wells Fargo kicked off the season on

Take a look at some of the biggest movers in the premarket: JPMorgan Chase (JPM) – The bank reported fourth-quarter earnings and revenue that topped Wall Street forecasts. Strong trading and investment banking results were among the factors helping the company’s bottom line. PNC Financial (PNC) – PNC reported better-than-expected revenue and earnings for the

The reflection of bitcoins in a computer hard drive. Thomas Trutschel | Photothek via Getty Images LONDON — A British man who accidentally threw out a hard drive with a trove of bitcoin on it is once again urging local city officials to let him search for it in a landfill site. James Howells, a

Alex Wong | Getty Images News | Getty Images $400 weekly boost Workers got $323 a week in state benefits, on average, in the third quarter last year, according to most recent U.S. Labor Department data. That aid replaced about 38% of their average pre-layoff wage, which was $843 a week. A $400 increase in

Jamie Dimon, CEO of JP Morgan Chase, appears on CNBC’s Squawk Box at the 2020 World Economic Forum in Davos, Switzerland on Jan. 22nd, 2020. Adam Galica | CNBC JPMorgan Chase CEO Jamie Dimon has watched while a new breed of fintech players, led by PayPal, Square and tech giants around the world including e-commerce

Check out the companies making headlines in midday trading.  Zoom Video — Shares of the video conferencing giant popped nearly 2% after an analyst at Bernstein named the stock a top pick for 2021. The analyst said his call was based on the growth in Zoom’s Phone business. Exxon — The oil giant slid more

President-elect Joe Biden’s proposed stimulus plan is the right medicine for an economy likely to see substandard growth in the first half of 2021, Boston Federal Reserve President Eric Rosengren said Friday. As the first central bank official called to publicly speak on the Biden plan, he said he was comfortable with the aggressive fiscal

Jane Fraser, chief executive officer for Latin American at Citigroup Inc., speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019. Kyle Grillot | Bloomberg via Getty Images Citigroup is scheduled to report fourth-quarter earnings before the opening bell Friday. Here’s what Wall Street expects: Earnings: $1.34 a

Chip Somodevilla | Getty Images News | Getty Images President-elect Joe Biden’s pandemic relief package would extend income support for millions of unemployed workers through September 2021 and increase jobless benefits by $400 a week, according to an outline obtained by CNBC. Biden would also phase out higher unemployment benefits automatically over time, tying aid

The Kingdom Tower, operated by Kingdom Holding, left, stands alongside the King Fahd highway, illuminated by the light trails of passing traffic, in Riyadh, Saudi Arabia, on Saturday, Jan. 9, 2016.  Waseem Obaidi | Bloomberg | Getty Images Saudi Arabia’s central bank, the Saudi Arabian Monetary Authority (SAMA), is launching a framework for open banking in

Traders work on the floor of the New York Stock Exchange. NYSE U.S. stock futures rose on Wednesday night as traders kept an eye on interest rates and lingering turmoil in Washington. Dow Jones Industrial Average futures traded 41 points higher, or 0.1%. S&P 500 futures also gained 0.1%, and Nasdaq 100 futures advanced marginally.

2020 was a record year for stocks, as markets rallied against the escalating coronavirus pandemic. 2021, too, has kicked off to a promising start amid a change in the U.S. administration, vaccine rollouts and still rising cases. That has been a boon for retail investors looking to turn a profit, and the trading platforms they

U.S. stock index futures were little changed in overnight trading on Tuesday, after a session that saw stocks alternate between gains and losses. Futures contracts tied to the Dow Jones Industrial Average slid 20 points. S&P 500 futures and Nasdaq 100 futures each declined 0.09%. Stocks closed little changed on Tuesday as traders digested higher

A resident undergoes a Covid-19 coronavirus test at the basement of a residential compound as part of a mass testing programme following new cases of the virus emerging in Shijiazhuang, in central China’s Hebei province on Jan. 12, 2021. STR | AFP | Getty Images BEIJING — Local authorities in regions near Beijing are stepping

Cars drive past a Walmart store in Washington, DC, on August 18, 2020. Nicholas Kamm | AFP | Getty Images Walmart said Monday that it’s creating a fintech start-up with Ribbit Capital, one of the investment firms behind Robinhood. The big-box retailer did not share the name of the new company or say when its

Fifty and twenty pounds bank notes and a bitcoin logo are seen in this photo illustration. Omar Marques | SOPA Images | LightRocket via Getty Images LONDON — Thinking of investing in a cryptocurrency? Be prepared to lose all your money. That’s the message from the U.K.’s Financial Conduct Authority, which on Monday warned investments

Edward Yardeni is concerned the market will get smoked. The long-time bull, who spent decades running investment strategy for firms including Prudential and Deutsche Bank, is comparing Wall Street euphoria to the height of the dot-com bubble in 1999. “The Nasdaq from late 1998 to early 2000 went up over 200%. Now, we’re up almost 100%,