U.S. stocks jumped sharply on Monday in a broad-based rally as stocks tied to the economic reopening jumped on vaccine optimism, while tech names rebounded from steep losses last week. The 30-stock Dow Jones Industrial Average jumped 603.14 points, or 2%, to 31,535.51, boosted by a 5.8% jump in Boeing. […]
CNBC News
Zoom pops as company beats expectations and issues strong guidance
Eric Yuan, founder and chief executive officer of Zoom Video Communications Inc., center, reacts while ringing the opening bell during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, U.S., on Thursday, April 18, 2019. Zoom reported net income of $7.6 million on revenue of $331 […]
Apple stock has biggest day since Oct. 12 after Buffett endorsement, stores reopen
NEW YORK, NEW YORK – SEPTEMBER 20: Apple CEO Tim Cook greets customers at the grand reopening of Apple’s flagship Apple Fifth Avenue retail store on September 20, 2019 in New York City. Taylor Hill | WireImage | Getty Images Shares of Apple closed up 5.39% on Monday to a […]
Fed policy changes could be coming in response to bond market turmoil, economists say
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 […]
New York attorney general warns cryptocurrency industry: ‘Play by the rules or we will shut you down’
A visual representation of digital currencies. Yuriko Nakao | Getty Images New York Attorney General Letitia James sent a blistering warning to investors and industry members about the dangers of cryptocurrencies on Monday. “We’re sending a clear message to the entire industry that you either play by the rules or […]
S&P 500 jumps 2.5% in broad rally as both economic comeback plays and tech names gain
U.S. stocks jumped sharply on Monday in a broad-based rally as stocks tied to the economic reopening jumped on vaccine optimism, while tech names rebounded from steep losses last week. The 30-stock Dow Jones Industrial Average jumped 700 points, or 2.3%, led by Boeing which climbed 5.8%. The S&P 500 […]
Merrick Garland’s nomination to be attorney general advances to full Senate
Attorney General nominee Merrick Garland testifies during his confirmation hearing before the Senate Judiciary Committee, Washington, DC, February 22, 2021. Drew Angerer | Pool | Reuters The Senate Judiciary Committee on Monday advanced federal appeals court Judge Merrick Garland’s nomination to be attorney general to the full Senate, paving the […]
Rocket Lab CEO says SPAC deal is ‘a supercharger’ for growth and adds ability to launch astronauts
CEO Peter Beck stands at the base of the fairing, or nosecone, of the Neutron rocket the company is developing. Rocket Lab Rocket Lab is going public in the next few months through a SPAC merger and CEO Peter Beck spoke to CNBC to break down the space company’s opportunities […]
Dow rallies 2%, heads for biggest gain in nearly 4 months as bond yields decline
The Dow Jones Industrial Average jumped sharply on Monday as Treasury yields retreated, headed for its biggest gain in nearly four months. Spiking rates last week raised fears about inflation and rich equity valuations. The 20-stock Dow jumped 686 points, or 2.2%, led by Boeing which climbed 6.8%. The S&P […]
Not just Tesla: Tech analyst says electric vehicle stocks could soar 50% this year
CEO of Tesla Motors Elon Musk. Brendan McDermid | Reuters Electric vehicle stocks could climb up to 50% this year, according to Wedbush analyst Daniel Ives, who thinks there’s enough room in the market for more than just Tesla. “In my opinion EV stocks could be up another 40- 50% […]