Finance

It may take months for the dollar to stage a comeback. Brown Brothers Harriman’s Win Thin warns it will continue to weaken due to the surge in coronavirus cases. “What I’m focused on near-term is really the virus numbers and the resulting slowdown here in the U.S. in Q4 and parts of Q1,” the firm’s

Dow Jones Industrial average futures fell slightly in overnight trading on Sunday as a rising number of Covid-19 cases continued to weigh on markets. Futures contracts tied to the Dow fell 66 points, or 0.2%. The move indicated an opening decline of about 50 points. S&P 500 futures fell 0.1%, while Nasdaq 100 futures were

Getty Images Bitcoin isn’t the only cryptocurrency posting strong gains lately. Ether, XRP and a handful of other so-called “altcoins,” or alternative cryptocurrencies, rallied Monday, following the world’s best-known digital currency higher. At around 9:15 a.m. ET, ether passed the $600 level, a point it hasn’t reached since June 2018, according to data from industry

Traders work the floor of the New York Stock Exchange. NYSE Stock futures rose in overnight trading on Monday following a strong session on Wall Street boosted by positive vaccine news. Futures on the Dow Jones Industrial Average gained 160 points. S&P 500 futures rose 0.4% and Nasdaq 100 futures climbed 0.3%. The move higher

Justin Sullivan | Getty Images JPMorgan Chase agreed Tuesday to pay a $250 million fine after one of its U.S. regulators found a “pattern of misconduct” in its wealth management division. The Office of the Comptroller of the Currency said in a release that the New York-based bank’s risk management controls were “deficient” and the

A video sign displays the logo for Roku Inc, a Fox-backed video streaming firm, in Times Square after the company’s IPO at the Nasdaq Market in New York, U.S., September 28, 2017. Brendan McDermid | Reuters Check out the companies making headlines after the bell: Roku shares climbed more than 4% after news broke Thursday

Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters Lock-up periods are expiring for this year’s IPO class, which analysts say could introduce a new layer of pressure for young companies. Founders, employees and some early private investors who bought in before a company goes public are usually restricted

Shoppers exit a Bed Bath & Beyond store in New York. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines after the bell: Bed Bath & Beyond shares surged as much as 22% during extended trade after the company announced that Mark Tritton will take the helm as president and CEO

XIAOSHAN AIRPORT, HANGZHOU, ZHEJIANG PROVINCE, CHINA: An outbound tourist group is waiting for check-in in front of the counter of China Customs. Chinese nationals have become the largest number of foreign tourists visiting other countries in 2015 as the number of outbound visitors crossed 120 million, registering an 11 million increase from last year. Zhang

An employee holds a shopping bag while ringing up a customer at the Levi Strauss & Co. flagship store in San Francisco, March 18, 2019. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of Levi Strauss briefly rose 2%and  then settled slightly above its closing

Jordan Katzman, co-founder of SmileDirectClub Inc., center, and Alex Fenkell, co-founder of SmileDirectClub Inc., right, look at a monitor during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, U.S., on Thursday, Sept. 12, 2019. Bloomberg | Bloomberg | Getty Images Wall Street loves SmileDirectClub but the stock’s performance is not

Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters A slew of weak economic data last week fueled fears of a recession, but Goldman Sachs said the U.S. is still not close to a downturn. The double whammy of an accelerated slowdown in manufacturing and services sparked a deep

An American Airlines Boeing 737-800 plane takes off from Los Angeles International airport. Mike Blake | Reuters Check out the companies making headlines after the bell: Shares of American Airlines dipped 1.65% during extended trading after authorities in Miami forcibly removed a man on a flight to Newark, New Jersey earlier Monday. The man reportedly

Dow Jones Industrial Average falls 95 points The Dow fell 95.70 points, or 0.36% to close at 26,478.02. The S&P 500 slipped 0.45% to close at 2,938.79. The Nasdaq Composite pulled back 0.33% to end the day at 7,956.29. Stocks traded in a tight range for most of the session as investors awaited trade talks

At the very top of Twitter‘s corporate values website, there’s a statement: “We believe in free expression and think every voice has the power to impact the world.” What’s left unsaid in the company’s value statement is: “What if you don’t want to impact the world?” The National Basketball Association and one of its franchises,

Charles Schwab, chairman of Charles Schwab Corp., speaks in Chicago, Illinois, on Wednesday, Nov. 20, 2013. Daniel Acker | Bloomberg | Getty Images This is a breaking news story. Please check back for updates. Charles Schwab said the broker’s latest move to zero commissions was a long-time goal to deliver to investors.  “It was sort

Getty Images Investing legend Charles Schwab, founder and chairman of his namesake brokerage firm, said he would stay away from money-losing companies going public. “I would never buy a company like that that has huge losses and no sight ahead of you [about] how you are going to make money,” Schwab said in an interview

Traders work on the floor of the New York Stock Exchange. Brendan McDermid | Reuters Check out the companies making headlines midday Monday: Uber Technologies — Uber shares were up about 2% after Citi upgraded the stock to a buy from neutral. The firm said that “Q3 results offer a window to shift sentiment more

A group of protesters calling for climate change vandalized the iconic Wall Street charging bull on Monday, pouring red paint while climbing atop it. The protesters responsible belong to an organization called Extinction Rebellion, which organized a demonstration starting at 10 a.m. ET on Monday in 60 cities worldwide, according to its website. The protests

People carry retail shopping bags during Black Friday events on November 25, 2016 in New York City. Getty Images One major cluster of data shows the U.S. economy is doing well despite concerns of a potential recession. The hard data, which refers to actual numbers about the economy such as unemployment and retail sales, continue

Traders at the New York Stock Exchange. Drew Angerer | Getty Images Check out the companies making headlines midday Thursday: Western Digital — Western Digital shares rose more than 7% on Thursday after an analyst at Wedbush upgraded the data storage device company to neutral from underperform. The analyst cited increased pricing for one of

A Fitbit display at a Target store in Los Angeles. Getty Images Check out the companies making headlines after the bell: Shares of Fitbit plummeted as much as 21% in after-hours trading after the maker of health and fitness devices cut its guidance for the next quarter. In its second-quarter earnings report, the company said,

The “Fast Money ” traders shared their first moves for the market open. Tim Seymour was a buyer of Apple. Chris Verrone was a buyer of General Electric.  Karen Finerman was a buyer of American Airlines. Guy Adami was a buyer of McKesson.  Disclosure Trader disclosure:  Chris Verrone is long BAC, DBX, SMAR, ZNGA, TWTR, QD. Karen

U.S. financier Jeffrey Epstein appears in a photograph taken for the New York State Division of Criminal Justice Services’ sex offender registry March 28, 2017 and obtained by Reuters July 10, 2019. New York State Division of Criminal Justice Services/Handout via REUTERS. New York State Division of Criminal Justice Services | Handout | Reuters Jeffrey

Blockchain CEO Peter Smith. Krisztian Bocsi | Bloomberg via Getty Images Blockchain, one of the world’s largest cryptocurrency wallet platforms, says it’s launched a digital currency exchange aimed at delivering “lightning-fast” trades. The company’s exchange, called The PIT, is the result of a behind-the-scenes effort led by a team of former executives from the New

A top economist at Morgan Stanley told CNBC on Monday that he expects the Federal Reserve to cut interest rates by 50 basis points this week because of weak business investment in the United States. A report from the Commerce Department last week showed that business investment in the U.S. declined 5.5% in the second

Giant Panda statues at the China International Import Expo (CIIE) — held from Nov. 5 to Nov. 10, 2018 at the National Exhibition and Convention Center in Shanghai, China. Fu Tian | China News Service | Visual China Group via Getty Images BEIJING — American companies remain keen on tapping business opportunities in China, despite

A trader on the New York Stock Exchange.  Brendan McDermid | Reuters Critics of passive investing argue it is inflating the prices of high-flying stocks such as Amazon and creating a bubble in those names. However, data compiled by Ned Davis Research shows the bubble may be forming elsewhere. The firm found that real estate

Traders work the floor at the NYSE. Brendan McDermid | Reuters The Fed is expected to cut interest rates for the first time in more than a decade Wednesday, a pre-emptive move as concerns rise about the impact of the trade wars and a slowing global economy. Friday’s July jobs report should show that the

A dog sits in front of the New York Stock Exchange (NYSE) during Chewy Inc.’s initial public offering (IPO) in New York, U.S., on Friday, June 14, 2019. Michael Nagle | Bloomberg | Getty Images In his most recent letter to investors, David Einhorn of Greenlight Capital wrote that today’s market bears resemblance to the