U.S. stock futures fell on Monday morning in Asian trade as Wall Street added to the large losses set last week. Dow Jones industrial average futures pulled back more than 100 points and briefly fell more than 250 points, while S&P 500 and Nasdaq 100 futures declined 6.25 points and […]
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South Korea says North Korea stole cryptocurrency worth billions of won last year
South Korea said on Monday that North Korea last year stole cryptocurrency from the South worth billions of won and that it was still trying to hack into its exchanges. “North Korea sent emails that could hack into cryptocurrency exchanges and their customers’ private information and stole (cryptocurrency) worth billions […]
Brexit is ‘extremely unfortunate’ for the region’s aviation industry, says the European Commission
The United Kingdom and the European Union are still negotiating final divorce terms, but there is “absolutely no doubt” that Brexit will negatively affect the region’s aviation industry, the European Commission said Monday. “Brexit is extremely unfortunate and it will have a negative impact on aviation more generally. There is […]
Philadelphia Eagles defeat New England Patriots to win Super Bowl
For the first time, the Philadelphia Eagles are Super Bowl champions. A Hail Mary pass attempt by Tom Brady fell incomplete in the end zone as time expired, and the New England Patriots fell to the Eagles 41-33 on Sunday in Super Bowl LII at U.S. Bank Stadium in Minneapolis. […]
China says Rex Tillerson is demonstrating US ‘disdain’ and ‘paranoia’
Secretary of State Rex Tillerson was showing “disdain” for China’s approach to Latin American by saying that the far east nation was assuming the role of “new imperial powers” alongside Russia, a nationalistic Chinese newspaper said over the weekend. “Chinese people might be surprised to find out that their country […]
Tell us what you think: What would 3% on the 10-year Treasury mean for stocks?
Last Friday, the 10-year U.S. Treasury yield jumped to a four-year high following a better-than-expected jobs report that reflected rising wages in the U.S. The Bureau of Labor Statistics said the American economy added 200,000 jobs in January. That number was higher than the 180,000 jobs expected by economists in […]
The Super Bowl blackout was due to a ‘brief equipment failure,’ NBC Sports says
Dead air time during the Super Bowl was due to a “brief equipment failure that was quickly resolved,” an NBC Sports spokesman said on Sunday. The program went black for about 20 seconds but no game action or commercial time was missed, the spokesman said. Disclosure: CNBC parent NBCUniversal owns […]
Dow futures slide more than 200 points as Wall Street adds to Friday’s losses
U.S. stock futures fell sharply on Sunday as Wall Street added to the large losses set last week. Dow Jones industrial average futures pulled back more than 200 points and briefly fell more than 250 points, while S&P 500 and Nasdaq 100 futures declined 19 points and 37.75 points, respectively. […]
The Fed’s unprecedented slap at Wells Fargo may cost the bank more than just $400M this year
Last week’s unprecedented rebuke on Wells Fargo from the Federal Reserve was noteworthy in a number of ways. Never before has the Fed placed a firmwide limit on a bank, stopping them from growing. Outgoing Fed Chair Janet Yellen described the growth restriction as “unique and more stringent then the […]
Asia markets fall in early trade; Japan’s Nikkei lower by 2% as US futures decline sharply
Asia markets fell in early trade on Monday, following a sharp decline in U.S. stocks on Friday amid a stronger-than-expected jobs report that sent interest rates higher. In Australia, the ASX 200 fell 1.31 percent to 6,041.40 in morning trade, with most sectors trading lower. The heavily weighted financial subindex […]