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% Thursday to as low as $32,527, falling below the $33,000 level for the first

Traders on floor of the New York Stock Exchange. Source: New York Stock Exchange With the Biden inauguration — and the risk of disruption — now over, what’s next for markets?  The S&P 500 has risen 15% since the Nov. 3 election to historic highs on a series of macroeconomic hopes that have driven sentiment,

Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world. U.S. stock futures were flat in overnight trading on Wednesday after the major averages hit record highs on inauguration day. Dow futures rise 14 points. S&P 500 futures ticked 0.04% higher and Nasdaq 100 futures rose 0.13%.

Federal Reserve Board Chairman Jerome Powell testifies during a Senate’s Committee on Banking, Housing, and Urban Affairs hearing in Washington, DC, U.S., September 24, 2020. Drew Angerer | Reuters There likely will be no nasty tweets in the middle of the night excoriating the Federal Reserve to lower interest rates. Nor will its officials be

Stock futures held steady in overnight trading on Tuesday as investors awaited President-elect Joe Biden’s inauguration. Futures on the Dow Jones Industrial Average rose just 40 points. S&P 500 futures were flat and Nasdaq 100 futures gain 0.3%. Netflix soared more than 10% in extended trading after the company reported strong subscriber growth and said

A symbol of TikTok (Douyin) is pictured at The Place shopping mall at dusk on August 22, 2020 in Beijing, China. VCG | Visual China Group | Getty Images GUANGZHOU, China — ByteDance has launched a new payment service within Douyin, the Chinese version of short-video sharing app TikTok. Douyin users can choose Douyin Pay

In this photo illustration, a visual representation of digital cryptocurrency Bitcoin (BTC) is arranged on a circuit board of a hard drive. Yuriko Nakao | Getty Images Bitcoin and U.S. tech stocks are viewed by investors as the biggest market bubbles right now, according to a Deutsche Bank survey released Tuesday. The survey, which is

Zach Perret, CEO and co-founder of Plaid, speaks during the Silicon Slopes Tech Summit in Salt Lake City, Utah, U.S., on Jan. 31, 2020. George Frey | Bloomberg via Getty Images LONDON — Financial technology start-up Plaid plans to more than double its European workforce this year, even after scrapping a deal to be acquired

A person walks past a Microsoft logo at the Microsoft office in Beijing, China August 4, 2020. Thomas Peter | Reuters BEIJING — Foreigners put more of their money in China last year as the country’s size and growth stood out in a world still trying to manage the coronavirus pandemic. In the capital city

The reflection of bitcoins in a computer hard drive. Thomas Trutschel | Photothek via Getty Images LONDON — A British man who accidentally threw out a hard drive with a trove of bitcoin on it is once again urging local city officials to let him search for it in a landfill site. James Howells, a

At 34 years old, Nikhil Kamath is one of India’s youngest billionaires. The Bangalore-born entrepreneur snagged the title late last year after joining Forbes India Rich List with his brother and co-founder, Nithin. It followed the runaway success of their stock trading platform Zerodha amid the pandemic. But the chief investment officer insists that it

President-elect Joe Biden’s proposed stimulus plan is the right medicine for an economy likely to see substandard growth in the first half of 2021, Boston Federal Reserve President Eric Rosengren said Friday. As the first central bank official called to publicly speak on the Biden plan, he said he was comfortable with the aggressive fiscal

Jamie Dimon, CEO of JP Morgan Chase David A. Grogan | CNBC JPMorgan Chase CEO Jamie Dimon has watched while a new breed of fintech players, led by PayPal, Square and tech giants, have exponentially grown their users and market caps. His message to the management team of his $3.4 trillion banking goliath: Be frightened.

Check out the companies making headlines in midday trading.  Zoom Video — Shares of the video conferencing giant popped nearly 2% after an analyst at Bernstein named the stock a top pick for 2021. The analyst said his call was based on the growth in Zoom’s Phone business. Exxon — The oil giant slid more

Alex Wong | Getty Images News | Getty Images $400 weekly boost Workers got $323 a week in state benefits, on average, in the third quarter last year, according to most recent U.S. Labor Department data. That aid replaced about 38% of their average pre-layoff wage, which was $843 a week. A $400 increase in

Chip Somodevilla | Getty Images News | Getty Images President-elect Joe Biden’s pandemic relief package would extend income support for millions of unemployed workers through September 2021 and increase jobless benefits by $400 a week, according to an outline obtained by CNBC. Biden would also phase out higher unemployment benefits automatically over time, tying aid

Wall Street may be in for a surprise. Ally Invest’s Lindsey Bell believes investors are underestimating the strength of earnings season, which kicks off Friday with the banks. “That’s my biggest call going into this earnings season,” the firm’s chief investment strategist told CNBC’s “Trading Nation” on Thursday. Refinitiv predicts S&P 500 fourth-quarter earnings results

[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 speaks Thursday in a virtual chat hosted by the Princeton University Bendheim Center for Finance. The talk comes at a pivotal time for the Federal

The Kingdom Tower, operated by Kingdom Holding, left, stands alongside the King Fahd highway, illuminated by the light trails of passing traffic, in Riyadh, Saudi Arabia, on Saturday, Jan. 9, 2016.  Waseem Obaidi | Bloomberg | Getty Images Saudi Arabia’s central bank, the Saudi Arabian Monetary Authority (SAMA), is launching a framework for open banking in

Traders work on the floor of the New York Stock Exchange. NYSE U.S. stock futures rose on Wednesday night as traders kept an eye on interest rates and lingering turmoil in Washington. Dow Jones Industrial Average futures traded 41 points higher, or 0.1%. S&P 500 futures also gained 0.1%, and Nasdaq 100 futures advanced marginally.

An exterior view of Party City store, who are closing their doors on July 08, 2020 in Pembroke Pines, Florida. Johnny Louis | Getty Images Check out the companies making headlines in midday trading.  Intel — Shares of the chipmaker popped more than 8% after CNBC’s David Faber reported that CEO Bob Swan would step

A worker pours molten iron into a mold at a mill manufacturing marine engine components in Huaian, Jiangsu province, China February 11, 2019. Reuters BEIJING — Financial institutions are betting on more business opportunities in China’s finance industry, which Beijing is eager to crack open — even if analysts say major changes are a long

U.S. stock index futures were modestly higher in overnight trading on Tuesday, after a session that saw stocks alternate between gains and losses. Futures contracts tied to the Dow Jones Industrial Average advanced 28 points, indicating a 43-point advance at the open. S&P 500 futures and Nasdaq 100 futures advanced 0.1%. Stocks closed little changed

Take a look at some of the biggest movers in the premarket: Albertson’s (ACI) – The grocery store operator reported quarterly earnings of 66 cents per share, beating the 42 cents a share consensus estimate. Revenue also beat forecasts. Albertsons raised its full-year earnings forecast to $3.05 to $3.15 per share from the prior $2.75

Xpeng CEO He Xiaopeng stands next to the company’s P7 electric sedan as he addresses media at the 2020 Beijing auto show. Evelyn Cheng | CNBC In July 2020, local branches for four of the “big five” banks extended 10.4 billion yuan in credit to Nio for the start-up’s China operations based in the city

U.S. equity futures were flat in overnight trading on Monday after breaking a win streak as investors grew worried about stocks’ stretched valuations. Dow futures rose 20 points. S&P 500 futures popped 0.07% and Nasdaq 100 futures rose 0.18%. On Monday, equities dipped as investors evaluated lofty stock valuations amid recent record highs, seemingly disregarding

studioEAST | Getty Images LONDON — Bitcoin’s record-breaking rally has led to a surge in retail investment interest in the cryptocurrency market. Crypto exchanges such as Coinbase and Binance and online trading platforms including Revolut and eToro have seen a spike in activity recently, as new investors race to capture some of the wild gains

Traders work on the floor of the New York Stock Exchange. NYSE Stock futures dipped in overnight trading Sunday as investors assessed the outlook for more Covid-19 relief stimulus. Futures on the Dow Jones Industrial Average fell 60 points. S&P 500 futures traded 0.2% lower and Nasdaq 100 dipped 0.1%. The stock market is coming

Jamie Dimon, chief executive officer of JPMorgan Chase & Co., second left, listens during a House Financial Services Committee hearing in Washington, D.C., U.S., on Wednesday, April 10, 2019. Andrew Harrer | Bloomberg | Getty Images JPMorgan Chase and Citigroup were among the first major financial firms to say they will pause political action committee

The Going Jessies. Derek Wood (center), Angela Paradis (right) and James Breeding (left) Photo: Derek Wood Derek Wood was about to achieve a lifelong dream. Unemployment benefits may prove to be his foil. Wood, 49, a guitar player and songwriter from the Little Rock, Ark., area, who sings with a soulful country-blues croon, quit his