Stewart Butterfield, co-founder and CEO of Slack, waits to do a television interview after ringing the opening bell the New York Stock Exchange in New York on June 20, 2019. Drew Angerer | Getty Images Slack filed a complaint against Microsoft with the European Commission alleging anticompetitive behavior, the company […]
CNBC News
Bill Ackman: ‘We are long-term bullish on America’ but betting against high-yield companies
Billionaire investor Bill Ackman said he’s bullish on the U.S. and markets over the long term, but companies with a high level of debt will have a hard time surviving as the country struggles to reopen fully. “We are long-term bullish on America; We are long-term bullish on the markets,” […]
State Department orders China to close consulate in Houston — China vows retaliation
The State Department confirmed on Wednesday the U.S. has ordered China to close its consulate in Houston, prompting Beijing to insist on firm countermeasures unless Washington immediately reverses its decision. The move is an escalation of political tensions between the world’s two largest economies. State Department spokesperson Morgan Ortagus said […]
U.S. agrees to pay Pfizer and BioNTech $2 billion for 100 million doses of coronavirus vaccine
The United States will pay Pfizer and German biotech firm BioNTech $1.95 billion to produce and deliver 100 million doses of their Covid-19 vaccine in the U.S. if it proves safe and effective in humans, the companies announced Wednesday. Under the agreement, the U.S. can acquire an additional 500 million doses of drug, […]
Stock futures under pressure from U.S.-China tensions, earnings onslaught
U.S. stock futures fell in early trading Wednesday amid renewed U.S.-China tensions and ahead of major technology earnings from Microsoft and Tesla after the closing bell. Dow futures pointed to an opening loss of about 60 points. Futures also implied a lower open for the S&P 500 and Nasdaq-100. Futures […]
CEOs reflect on tough quarter, but also offer some good news on earnings calls
Coca-Cola President and CEO James Quincey attends a press conference with International Olympic Committee (IOC) president and China Mengniu Dairy CEO and Executive Director, as part of the 134th Session of the International Olympic Committee (IOC) at the SwissTech Convention Centre in Lausanne, on June 24, 2019. Fabrice Coffrini | […]
Weekly mortgage demand from homebuyers jumps even higher, up 19% annually
Daniel Acker | Bloomberg | Getty Images As temperatures soar this summer, homebuyer demand is heating up with it. Add that to an already strong refinance market, and total mortgage application volume rose 4.1% last week from the previous week, according to the Mortgage Bankers Association. Helping to fan demand […]
U.S. State Department orders China to close consulate in Houston as Beijing vows retaliation
Chinese and US national flags flutter at the entrance of a company office building in Beijing. Wang Zhao | AFP | Getty Images The U.S. State Department confirmed on Wednesday it had ordered China to close its consulate in Houston, Texas, prompting Beijing to insist on firm countermeasures unless Washington […]
Powerful 7.8 earthquake hits Alaska seas
A powerful 7.8 earthquake has struck the Alaska Peninsula and a tsunami warning has been issued. According to the U.S. Geological Survey, the 7.8 magnitude quake struck Tuesday at about 11:12 p.m. PST. It had a depth of 6 miles (9.6 kilometers) and was centered 60 miles (96 kilometers) south-southeast […]
Stock futures slip ahead of major technology earnings
U.S. stock futures fell in early trading Wednesday amid renewed U.S.-China tensions and ahead of major technology earnings from Microsoft and Tesla after the closing bell. Dow futures pointed to an opening loss of more than 175 points. Futures also implied a lower open for the S&P 500 and Nasdaq-100. […]