Traders on the floor of the New York Stock Exchange. Source: The New York Stock Exchange U.S. stock futures moved lower in early morning trading on Friday, as Wall Street’s volatile week continued. Dow futures fell 209 points. S&P 500 futures and Nasdaq 100 futures also traded in negative territory. […]
CNBC News
Global tax on tech giants now ‘highly likely,’ German minister says after Yellen call
BERLIN, GERMANY – April 09: Federal Minister of Finance Olaf Scholz, SPD, makes a press statement before a video conference of the Euro Group on April 09, 2020 in Berlin, Germany. Thomas Imo LONDON — Silicon Valley tech firms look increasingly likely to face new global tax laws this year, […]
Vaccines, tests and tracing: Singapore’s game plan as it prepares to host the World Economic Forum
SINGAPORE — The World Economic Forum’s special annual meeting will only go ahead in May if it can be held in a safe way, Singapore’s minister for trade and industry said on Friday. Vaccines, testing and contact tracing will come into play for that to happen. “Our own working assumption […]
Reddit frenzy pumps up Dogecoin, a cryptocurrency started as a joke, by over 800%
In this photo illustration, visual representations of digital cryptocurrencies, Bitcoin, Litecoin, Dogecoin, Ethereum and Ripple are arranged. Yuriko Nakao | Getty Images News | Getty Images GUANGZHOU, China — Dogecoin, a digital coin originally founded as a joke, has soared over 800% after a Reddit board talked about making it […]
Dow futures drop 300 points as volatile Wall Street week continues
Traders on the floor of the New York Stock Exchange. Source: The New York Stock Exchange U.S. stock futures moved lower in overnight trading on Thursday, as Wall Street’s volatile week continued. Dow futures fell about 40 points. S&P 500 futures dropped 0.2% and Nasdaq 100 futures lost 0.15%. On […]
How Covid-19 vaccines can shape China and India’s global influence
A beneficiary gets vaccinated by health staff during a pan India Covid-19 vaccination drive at Aundh district hospital, on January 16, 2021 in Pune, India. Pratham Gokhale | Hindustan Times | Getty Images SINGAPORE – With mass vaccination campaigns against Covid-19 underway globally, there is an emerging gap between rich […]
GOP Sen. Rob Portman says Trump impeachment trial post-presidency could set a dangerous precedent
Republican Sen. Rob Portman of Ohio told CNBC why he joined 44 other Republicans to reject the constitutionality of impeaching former President Donald Trump. “I think the Constitutional issue needs to be addressed and not tabled and not set aside, and so as a juror I’m going to be listening […]
Reddit rebellion is ‘another epic parabolic bubble’ that will burst, investor Peter Boockvar warns
Investor Peter Boockvar is calling the Reddit rebellion “another epic parabolic bubble.” In a research note out this week, he warns the mania into trades from GameStop to American Airlines will ultimately go bust. “Let’s break down the investment strategy: Find the most shorted stocks, buy calls, write about it, buy […]
Robinhood CEO says it limited buying in GameStop to ‘protect the firm and protect our customers’
Robinhood CEO Vlad Tenev said Robinhood’s move to stop trading in certain speculative names was in the best interest of the company and its millions of users. “In order to protect the firm and protect our customers we had to limit buying in these stocks,” Tenev told CNBC’s Andrew Ross […]
Stock futures decline as volatile Wall Street week continues
Traders on the floor of the New York Stock Exchange. Source: The New York Stock Exchange U.S. stock futures moved lower in overnight trading on Thursday, as Wall Street’s volatile week continued. Dow futures fell about 60 points. S&P 500 futures dropped 0.25% and Nasdaq 100 futures lost 0.2%. On […]