Finance

Signage for Shake Shack Inc. is displayed on a glass door at the company’s restaurant in Shanghai, China, on Thursday, Jan. 24, 2019. Qilai Shen | Bloomberg | Getty Images Check out the companies making headlines in midday trading:  Novavax — The biotech stock soared 29% after the company announced that it was awarded $1.6

CEO of Tesla Motors Elon Musk reacts following the company’s initial public offering at the NASDAQ market in New York June 29, 2010 Brendan McDermid | Reuters Check out the companies making headlines after the bell: Tesla – The automaker’s stock rose 1% in extended trading. Tesla’s shares jumped 13.5% and hit a new high earlier Monday

A summer rally may be underway. Economic forecaster Lakshman Achuthan cites a bullish, under-the-radar trend in a chart highlighting the firm’s special weekly leading index and S&P 500. “This is a fundamentally optimistic chart,” the Economic Cycle Research Institute co-founder told CNBC’s “Trading Nation” on Monday. “It’s showing us that the cyclical fundamentals are to

President and Chief Executive Officer of the Federal Reserve Bank of Atlanta Raphael W. Bostic speaks at a European Financial Forum event in Dublin, Ireland February 13, 2019. Clodagh Kilcoyne | Reuters The Federal Reserve has a role to play in ending systemic racism, in the view of the central bank’s first Black regional president.

Investors who take a sustainable approach to allocating capital may be reevaluating putting their money into Hong Kong after the city implemented a national security law, an analyst said on Friday. “That’s the one area of international capital flows that could be quite significant,” said Andrew Collier, managing director of Orient Capital Research, a research

A jogger passes in front of the New York Stock Exchange (NYSE) in New York, on June 17, 2020. Michael Nagel | Bloomberg | Getty Images U.S. stock futures traded slightly higher on Sunday night as Wall Street tried to build on the momentum from last week’s solid performance.  Dow Jones Industrial Average futures rose

Protestors and police officers clash for the second morning in a row on July 1, 2020 in New York City following a budget vote. (Photo by David Dee Delgado/Getty Images) David Dee Delgado | Getty Images A global corporate reckoning that began in the United States after the killing of George Floyd has prompted industries

Take a look at some of the biggest movers in the premarket: McDonald’s (MCD) – McDonald’s halted further reopenings of dine-in service at its restaurants, postponing them by three weeks due to a rise in Covid-19 cases. Restaurants, where dine-in service had already resumed, will be allowed to continue offering it if their local jurisdictions

The Hong Kong exchange building. Vincent Isore | IP3 | Getty Images Initial public offerings (IPOs) in greater China jumped in the first half of this year, bucking the declines seen elsewhere due to the impact of the coronavirus pandemic. In the first six months, listings in greater China were up 29% and the amount

U.S. and China flags along Pennsylvania Avenue in Washington, D.C. on Jan. 17, 2011. Andrew Harrer | Bloomberg | Getty Images Delisting Chinese companies from U.S. stock exchanges is “a pointless drive” that will neither deny those firms access to American capital markets nor hurt China’s growth, according to a report by think tank Peterson Institute for

Loop Capital Chairman and CEO Jim Reynolds told CNBC on Thursday that building a diverse team has not been a challenge for the Chicago-based investment bank.  “I have found it so amazingly easy to recruit minority candidates — African American, women — and promote them very easily because I focus on talent,” Reynolds said on “Halftime

A view of the Wall Street street sign with the New York Stock Exchange during the coronavirus pandemic on May 25, 2020 in New York City. Noam Galai | Getty Images This is a live blog. Please check back for updates. 9:54 am: Economy is ‘roaring back,’ says Trump President Donald Trump said the economy is

Protesters chant for five demands during street protests on Hennessy Road, Wan Chai, Hong Kong, China on July 1, 2020. Tommy Walker | NurPhoto | Getty Images About 370 protesters were arrested in Hong Kong on Wednesday — 10 of them were apprehended for breaching the new security law just one day after it took

Employees make face masks on a production line at a glove factory, which has started producing face masks as overseas orders for masks at an all time high amid the coronavirus outbreak, on May 16, 2020 in Shenyang, Liaoning Province of China. Yu Haiyang | China News Service via Getty Images BEIJING — The global coronavirus

A woman walks past FedEx Corp. Ground vehicle parked in the Midtown neighborhood of New York, U.S., on Friday, Dec. 4, 2015. John Taggart | Bloomberg | Getty Images Check out the companies making headlines in midday trading.  FedEx — Shares of FedEx jumped more than 14% after the company’s fourth quarter results blew past

Market bull Tony Dwyer sees more wild swings as the year’s second half kicks off due to a spike in coronavirus cases and growing odds of a Joe Biden presidency.  But it’s not weighing on his optimism. “The resurgence of the virus in the southern states and the lead by Joe Biden in the polls is

A foundation led by Army combat veteran and best-selling author Wes Moore is launching a new fund dedicated to financing nonprofit organizations that are solely run by people of color.  The new Robin Hood initiative, titled the “Power Fund,” is looking to back these groups in the wake of the coronavirus pandemic and nationwide protests

[The stream is slated to start at 12:30 p.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin are testifying Tuesday before the House Financial Services Committee. The topic will be both agencies’ response to the coronavirus pandemic.

Britain’s Chancellor of the Exchequer Rishi Sunak takes part in a national “clap for carers” to show thanks for the work of Britain’s National Health Service (NHS) workers and frontline medical staff around the country as they battle with the coronavirus pandemic, on the steps of the Foreign and Commonwealth Office (FCO) on April 16,

The next three months may be anything but calm. CFRA’s Sam Stovall warns the market is entering one of the toughest periods of the year.  “The third quarter is by far the weakest of the four quarters of the year — gaining only 0.5% on average,” the firm’s chief investment strategist told CNBC’s “Trading Nation” on