Market expert: We’re in peak profit growth mode, but aren’t seeing peak profit Crossmark Global Investments CIO Bob Doll discusses earnings, adding ‘peak profit is still in our future.’ U.S. stock indexes were headed for a lower open Friday as…
Read MoreUS man pleads guilty over attempted $430m COVID fraud on NSW
For our free coronavirus pandemic coverage, learn more here. A man in Texas has pleaded guilty to attempting to swindle $430 million from the NSW government by offering to sell 50 million COVID-19 protective masks he did not have. The…
Read MoreAmazon beats on earnings, falls short on sales estimates
Investors watching Amazon earnings to see if tech giant hits 20 percent revenue growth: Market expert Evercore ISI senior managing director Mark Mahaney on his outlook for Big Tech earnings and price targets. Amazon beat investors' expectations on earnings per…
Read MoreThe U.S. economy is bigger than it was pre-pandemic, but Covid could still decide what happens next
Slower-than-expected second quarter growth raises questions about the growth pace in the second half of the year. But even so, the economy has rebounded and is now bigger than it was pre-pandemic and economists mostly expect strong gains in the…
Read MoreEl-Erian: Robinhood is a reminder that 'you have no friends on Wall Street'
New York (CNN Business)Robinhood CEO Vlad Tenev is not licensed by FINRA, Wall Street’s powerful self-regulator, even though he presides over one of the nation’s largest and most powerful online brokers. Tenev has emerged as the public face of…
Read MoreGold Futures Settle Slightly Lower
Gold futures settled marginally down on Wednesday and drifted down further after the Federal Reserve left its interest rate unchanged as expected. The central bank also said it would maintain the $120 billion-a-month bond-buying program. The dollar index, which climbed…
Read MoreSEC Chair Gensler says investors want mandatory disclosure on climate risks
The SEC chief wants the agency to develop a climate-disclosure rule this year. He said prior SEC guidelines on climate disclosure were voluntary and resulted in inconsistent disclosures. "Companies and investors alike would benefit from clear rules of the road,"…
Read MoreAnt-backed Hello scraps plans for U.S. IPO
Hello, which offers services in China including two-wheeler services and a carpooling marketplace, said it no longer wishes to publicly float its shares in the United States, according to a regulatory filing. A top official at the U.S. Securities and…
Read MoreTreasuries Move To The Upside Ahead Of Fed Announcement
After ending the previous session modestly higher, treasuries saw some further upside during trading on Tuesday. Bond prices moved to the upside early in the session and remained firmly positive throughout the day. As a result, the yield on the…
Read MoreTreasury yields fall ahead of Fed policy meeting
The Federal Open Market Committee is due to begin its two-day meeting on Tuesday. Auctions are due to be held on Tuesday for $20 billion of 42-day bills and $61 billion of 5-year notes. U.S. Treasury yields fell slightly on…
Read More