Finance

Investors may want to hold on even tighter. Moody’s Analytics Mark Zandi believes Wall Street is significantly underestimating the seriousness of an inflation comeback, and he warns it will affect every corner of the market — from big tech to cyclical trades. “Inflationary pressures will develop very quickly,” the firm’s chief economist told CNBC’s “Trading

Traders work on the floor of the New York Stock Exchange. NYSE U.S. stock futures jumped on Sunday evening as a new stimulus package from Washington headed toward final passage this week. Futures contracts tied to the Dow Jones Industrial Average jumped 219 points, or 0.7%. Those for the S&P 500 and the Nasdaq 100

The flags of China, U.S. and the Chinese Communist Party are displayed in a flag stall at the Yiwu Wholesale Market in Yiwu, Zhejiang province, China, May 10, 2019. Aly Song | Reuters BEIJING — Chinese Foreign Minister Wang Yi said Sunday that the U.S. needs to remove “unreasonable restrictions” for the two countries’ relationship

With the pandemic boosting demand for alternative assets, JPMorgan’s Joyce Chang is seeing a new dynamic unfolding in the cryptocurrency space: a battle between banks and fintech. “Fintech is coming into the mainstream from this pandemic as there has really been demand for digital services — less in person transactions,” the firm’s chair of global

Take a look at some of the biggest movers in the premarket: IMAX (IMAX) – IMAX lost 21 cents per share, one cent a share more than analysts had anticipated. The movie theater operator’s revenue came in above Wall Street estimates. Sales were helped by stronger performances in Asian markets, and the company is anticipating

Alex Wong | Getty Images News | Getty Images Democrats are rushing to pass a $1.9 trillion pandemic aid bill by next week and get it to President Joe Biden in time to prevent a gap in unemployment benefits. It’s perhaps too late to stop that from happening, according to some experts. “The unfortunate reality

A logo of a Virgin Galactic is seen outside the building during the company’s first day of trading on the New York Stock Exchange (NYSE) on October 28, 2019 in New York City. JOHANNES EISELE | AFP | Getty Images Check out the companies making headlines in midday trading. Virgin Galactic – The space company’s shares

Volunteers load shopping bags with food assistance for laid off workers at a food distribution event on Dec. 12, 2020 in Orlando, Florida. Paul Hennessy/NurPhoto via Getty Images Democrats are poised to send more unemployment benefits to laid-off workers. Meanwhile, some workers are still waiting on the last tranche, authorized months ago. A $900 billion

LONDON — Special purpose acquisition companies, or SPACs, are showing signs of “froth” in the U.S. — and that doesn’t bode well for investors, the boss of London’s stock exchange warned Friday.  “There has been some recognition of the froth in the U.S. market,” London Stock Exchange Group (LSEG) CEO David Schwimmer told CNBC’s “Squawk

BEIJING — Chinese Premier Li Keqiang announced Friday the world’s second-largest economy would target growth of over 6% for 2021. The Chinese government kicked off its “Two Sessions” annual parliamentary meeting this week for approving national priorities for 2021. This year’s gathering will last just about a week. The political advisory body, the Chinese People’s

Federal Reserve Chairman Jerome Powell said Thursday that he expects some inflationary pressures in the time ahead but they likely won’t be enough to spur the central bank to hike interest rates. “We expect that as the economy reopens and hopefully picks up, we will see inflation move up through base effects,” Powell said during

Take a look at some of the biggest movers in the premarket: Okta (OKTA) – Okta tanked 10.5% in premarket trading after announcing it is buying customer management software provider Auth0 for $6.5 billion in stock. The provider of identity management software also reported quarterly earnings of 6 cents per share, compared to consensus forecasts

Chinese tourists wear masks as protection from the pollution outside the Forbidden City during a day of high pollution in Beijing, China. Getty Images Sustainable investing is taking off in Asia-Pacific as institutional investors accelerated their environmental, social and governance (ESG) investments during the coronavirus pandemic last year. ESG investing prioritizes a company’s positive contributions

Shoppers enter a Michaels store in Miami, Florida. Scott McIntyre | Bloomberg | Getty Images Check out the companies making headlines in midday trading.  Rocket Companies – The online mortgage provider’s stock dropped close to 20% after a surprise rally in the previous session as analysts urged caution in the heightened speculative trading in the

Britain’s Chancellor of the Exchequer Rishi Sunak takes part in a national “clap for carers” to show thanks for the work of Britain’s National Health Service (NHS) workers and frontline medical staff around the country as they battle with the coronavirus pandemic, on the steps of the Foreign and Commonwealth Office (FCO) on April 16,

An electric vehicle charging station is seen at Nio’s headquarters on Jan. 31, 2021 in Hefei, Anhui Province of China. Ruan Xuefeng | Visual China Group | Getty Images BEIJING — Chinese consumers thinking about whether to buy Tesla‘s electric cars or local alternatives have two things at the top of their minds: price and

Gary Gensler, President Joe Biden’s pick to lead the Securities and Exchange Commission, said he would hope to oversee cryptocurrency regulation, the “gamification” of equity trading and board diversity if confirmed to lead Wall Street’s chief regulator. Gensler, who testified before the Senate Banking Committee on Tuesday, was grilled on whether he would scrutinize payment

Take a look at some of the biggest movers in the premarket: Zoom Video (ZM) – Zoom reported quarterly profit of $1.22 per share, beating the consensus estimate of 79 cents a share. Revenue also topped forecasts, and Zoom gave an upbeat current-quarter forecast in anticipation of millions continuing to use its video messaging platform.

The major indexes may be kicking off the month in rally mode, but PNC Financial’s Amanda Agati sees trouble under the hood. She believes the rotation into economically sensitive market groups from stay-at-home plays is overdone. “The value side of the equation — that ‘go outside’ trade — has really moved way too far and

Joggers pass the Marriner S. Eccles Federal Reserve building in Washington, D.C., on Tuesday, Aug. 18, 2020. Erin Scott | Bloomberg | Getty Images While the Federal Reserve may not raise its benchmark interest rate for years, there are growing expectations it may tweak policy soon to address some of the recent tumult in the