A customer service representative works with customers at the Apple store as shoppers return to indoor shopping after Los Angeles County eased restrictions at places like the Beverly Center in Beverly Hills on October 8, 2020. Genaro Molina | Los Angeles Times | Getty Images Apple is set to report […]
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Trump’s outgoing antitrust enforcer Delrahim explains the government’s push against Big Tech
Makan Delrahim, U.S. assistant attorney general for the antitrust division, speaks during the Wall Street Journal Tech Live global technology conference in Laguna Beach, California, U.S., on Monday, Oct. 22, 2019. Martina Albertazzi | Bloomberg | Getty Images Over more than three years at the helm of the Justice Department’s […]
Two-day bitcoin sell-off wipes out $100 billion from the entire crypto market
Yuriko Nakao | Getty Images Bitcoin slumped for a second day Thursday, taking the digital currency’s losses to more than 10% over 48 hours and wiping off billions of dollars from the crypto market. The price of bitcoin slipped over 6% on Thursday to as low as $31,310, falling below […]
Stock futures rise as Biden releases Covid plan, Dow futures are up 70 points
U.S. stock futures rose in early morning trading on Thursday a day after the major averages hit record highs on Inauguration Day. Dow Jones Industrial average futures rose 74 points, or 0.2%. S&P 500 futures gained 0.3% and Nasdaq 100 futures climbed 0.5%. President Joe Biden released details of his […]
The stock market’s rally to a record on stimulus and vaccine hopes leaves little room for error
Traders on floor of the New York Stock Exchange. Source: New York Stock Exchange With the inauguration — and the risk of disruption — now over, what’s next for markets? The S&P 500 has risen 15% since the election to historic highs on a series of macroeconomic hopes that have […]
Biden to sign 10 executive orders and invoke Defense Production Act to combat Covid pandemic
On his first full day in office, President Joe Biden released details Thursday of his sweeping plan to combat the coronavirus, announcing 10 executive orders and directing agencies to use wartime powers to require U.S. companies to make N95 masks, swabs and other equipment to fight the pandemic. The president’s […]
Dr. Fauci says U.S. will remain a WHO member and join global Covid vaccine plan
Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases. Patrick Semansky | Bloomberg | Getty Images The U.S. will remain a member of the World Health Organization under President Joe Biden, Dr. Anthony Fauci said on Thursday, and intends to join a global alliance that aims […]
Stock futures edge higher after markets hit records in previous session, Biden takes office
Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world. U.S. stock futures edged higher in early morning trading on Thursday after the major averages hit record highs on inauguration day. Dow futures implied an opening gain of about 33 points. S&P […]
Biden to sign 10 executive orders to combat Covid pandemic; invoke Defense Production Act to make supplies
President Joe Biden signs executive orders in the Oval Office of the White House in Washington, after his inauguration as the 46th President of the United States, U.S., January 20, 2021. Tom Brenner | Reuters On his first full day in office, President Joe Biden released the details of his […]
Investor Jeremy Grantham says the market’s in a bubble with ‘very seldom seen levels’ of euphoria
SINGAPORE — Famed investor Jeremy Grantham on Thursday reiterated his warning that Wall Street is in a bubble as individual traders get “carried away.” “They’re becoming euphoric … They’re borrowing money. They’re trading more shares,” Grantham, co-founder and chief investment strategist at Grantham, Mayo, & van Otterloo told CNBC’s “Squawk […]