Finance

A major financial institution is starting to lose enthusiasm for U.S. stocks. Invesco’s Kristina Hooper is worried the latest coronavirus spike will push states to close their economies again. “Up until now the U.S. has been rewarded because of expectations that we wouldn’t see any kind of significant lockdowns even if infection rates grew,” the

Joe Biden and Donald Trump Ron Adar | Echoes Wire | Barcroft Media via Getty Images; Mandel Ngan | AFP | Getty Images Goldman Sachs is warning that the upcoming presidential election could see delayed results, and is therefore recommending that clients hedge their market bets through December in anticipation of heightened volatility through November.

A person dressed as Minnie Mouse walks in front of the Disney store in Times Square as New York City moves into Phase 2 of re-opening during the coronavirus pandemic on June 28, 2020. Noam Galai | Getty Images Check out the companies making headlines after the bell:  Levi Strauss – The clothing company’s stock dropped

A summer rally may be underway. Economic forecaster Lakshman Achuthan cites a bullish, under-the-radar trend in a chart highlighting the firm’s special weekly leading index and S&P 500. “This is a fundamentally optimistic chart,” the Economic Cycle Research Institute co-founder told CNBC’s “Trading Nation” on Monday. “It’s showing us that the cyclical fundamentals are to

CEO of Tesla Motors Elon Musk reacts following the company’s initial public offering at the NASDAQ market in New York June 29, 2010 Brendan McDermid | Reuters Check out the companies making headlines after the bell: Tesla – The automaker’s stock rose 1% in extended trading. Tesla’s shares jumped 13.5% and hit a new high earlier Monday

Investors who take a sustainable approach to allocating capital may be reevaluating putting their money into Hong Kong after the city implemented a national security law, an analyst said on Friday. “That’s the one area of international capital flows that could be quite significant,” said Andrew Collier, managing director of Orient Capital Research, a research

A jogger passes in front of the New York Stock Exchange (NYSE) in New York, on June 17, 2020. Michael Nagel | Bloomberg | Getty Images U.S. stock futures traded slightly higher on Sunday night as Wall Street tried to build on the momentum from last week’s solid performance.  Dow Jones Industrial Average futures rose

Take a look at some of the biggest movers in the premarket: McDonald’s (MCD) – McDonald’s halted further reopenings of dine-in service at its restaurants, postponing them by three weeks due to a rise in Covid-19 cases. Restaurants, where dine-in service had already resumed, will be allowed to continue offering it if their local jurisdictions

One analysis found that more than 40% of CDFI’s loans and investments are in majority-minority communities. LeoPatrizi Consumers can push for racial justice – and it’s as simple as opening an account at a community bank or credit union that supports under-served communities. Netflix announced recently that it would transfer $100 million of its cash

A view of the Wall Street street sign with the New York Stock Exchange during the coronavirus pandemic on May 25, 2020 in New York City. Noam Galai | Getty Images This is a live blog. Please check back for updates. 9:54 am: Economy is ‘roaring back,’ says Trump President Donald Trump said the economy is

The Hong Kong exchange building. Vincent Isore | IP3 | Getty Images Initial public offerings (IPOs) in greater China jumped in the first half of this year, bucking the declines seen elsewhere due to the impact of the coronavirus pandemic. In the first six months, listings in greater China were up 29% and the amount

U.S. and China flags along Pennsylvania Avenue in Washington, D.C. on Jan. 17, 2011. Andrew Harrer | Bloomberg | Getty Images Delisting Chinese companies from U.S. stock exchanges is “a pointless drive” that will neither deny those firms access to American capital markets nor hurt China’s growth, according to a report by think tank Peterson Institute for

Loop Capital Chairman and CEO Jim Reynolds told CNBC on Thursday that building a diverse team has not been a challenge for the Chicago-based investment bank.  “I have found it so amazingly easy to recruit minority candidates — African American, women — and promote them very easily because I focus on talent,” Reynolds said on “Halftime

Protesters chant for five demands during street protests on Hennessy Road, Wan Chai, Hong Kong, China on July 1, 2020. Tommy Walker | NurPhoto | Getty Images About 370 protesters were arrested in Hong Kong on Wednesday — 10 of them were apprehended for breaching the new security law just one day after it took

Kylie Cosmetics are displayed at Ulta beauty on November 18, 2019 in New York City. Kylie Cosmetics has sold a controlling stake to Coty Inc for a reported $600 Million. Coty Inc plans to buy 51% and the controlling share of Kylie Cosmetics, valuing it at $1.2 billion. Kylie Jenner will remain the public face

A foundation led by Army combat veteran and best-selling author Wes Moore is launching a new fund dedicated to financing nonprofit organizations that are solely run by people of color.  The new Robin Hood initiative, titled the “Power Fund,” is looking to back these groups in the wake of the coronavirus pandemic and nationwide protests

A man wearing a protective mask sits on top of the Charging Bull sculpture near Wall St. amid the coronavirus pandemic on April 19, 2020 in New York City, United States. Alexi Rosenfeld | Getty Images Stock futures were flat in overnight trading on Tuesday as the market is set to kick off a new

An employee demonstrates the Wirecard AG online payment smartphone app on the company’s exhibition stand at the Noah Technology Conference in Berlin, Germany, on Thursday, June 13, 2019. Krisztian Bocsi | Bloomberg via Getty Images Wirecard has been given permission to carry out regulated activities in the U.K. again following a decision from regulators to

U.S. stock futures were flat in overnight trading ahead of the last trading day of a volatile month for stocks on Tuesday.  Dow futures fell 16 points. The S&P 500 and Nasdaq-100 were set to open higher, with gains of 0.14% and 0.34%, respectively. Shares of Wells Fargo ticked nearly 2% lower in after hours

The Wirecard logo is seen at the payment company’s headquarters in Aschheim near Munich, southern Germany, on June 24, 2020. Christof Stache | AFP via Getty Images Wirecard’s dramatic fall from grace has thrust corporate governance and industry regulation in Germany firmly in the spotlight. The Munich-based payments processor filed for insolvency on Thursday, reportedly

Wells Fargo Securities’ Christopher Harvey believes the market is underestimating a major risk — and it’s not the coronavirus. According to the firm’s head of equity strategy, a Joe Biden presidential win could throw Wall Street a curve ball and hurt the recovery. “We just don’t think it’s fully priced into the market place at this

Take a look at some of the biggest movers in the premarket: Nike (NKE) – Nike lost 51 cents per share for its latest quarter, well off the consensus forecast for a 7 cents per share profit. The athletic footwear and apparel maker’s revenue also came in far below expectations, hurt by lockdown-related store closures.

Getty Images Banks have pulled back from a popular credit card promotion on concerns that borrowers struggling during the coronavirus crisis may leave them with defaulting loans. Balance transfer offers, which typically entice borrowers to move their debt to a new lender in exchange for a temporary 0% interest rate, have been sharply reduced at banks

Hanna Budzko 1. Technical writer  Nycretoucher | Getty Images Average annual pay: $68,640 Number of job openings as of June 10: 2,308 2. Financial analyst  Andrew Brookes Average annual pay: $67,900 Number of job openings as of June 10: 5,242 3. Proposal writer WavebreakMedia | Getty Images Average annual pay: $67,047 Number of job openings

People walk by a Nike store in New York. Spencer Platt | Getty Images Check out the companies making headlines in midday trading.  Nike — The sportswear maker slid more than 5% after the company reported a surprise loss for the fourth quarter as sales slumped 38% year-over-year. Nike lost 51 cents per share, compared with

Traders work during the opening bell at the New York Stock Exchange (NYSE) on March 16, 2020 at Wall Street in New York City. Johannes Eisele | AFP | Getty Images U.S. stock futures were mostly flat on Thursday night following the release of the Federal Reserve’s latest bank stress-test results and disappointing quarterly numbers

A pedestrian passes in front of the New York Stock Exchange (NYSE) in New York, U.S., on Wednesday, June 3, 2020. Michael Nagle | Bloomberg | Getty Images The Federal Reserve put new restrictions on the U.S. banking industry Thursday after its annual stress test found that several banks could get uncomfortably close to minimum

An illuminated logo sits on the exterior of Wirecard’s headquarters in the Aschheim district of Munich, Germany. Michaela Handrek-Rehle | Bloomberg | Getty Images Wirecard will file for an application to open insolvency proceedings with the district court of Munich, the company said Thursday. The company said in a short statement that management had decided

Many Wall Street analysts are warning their clients that a Biden presidency will not be good for the stock market. The former Vice President and presumptive Democratic nominee has pledged to roll back President Donald Trump’s signature tax cut legislation, which has boosted corporate profits, and if there is a blue wave in November, Democrats

It may be time to add global exposure to your portfolio. UBS Global Wealth Management’s Alejo Czerwonko sees upside going abroad despite a surge in coronavirus cases. “We expect them to be fairly well-handled by health systems worldwide,” the firm’s emerging markets strategist told CNBC’s “Trading Nation” on Tuesday.  Czerwonko is building his bull case