Finance

Katie Haun, Andreessen Horowitz general partner. Source: Andreessen Horowitz Seven years ago, bitcoin was a foreign language to federal prosecutor Katie Haun. That changed when her boss at the U.S. attorney’s office asked her to look into shutting it down. What’s now the most widely used cryptocurrency was a niche payment method being used in
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PNC Financial’s Amanda Agati expects the fourth quarter to take investors on a wild ride. But that doesn’t mean investors will be clutching their stomachs the whole time. According to the firm’s chief investment strategist, stocks should still deliver gains for investors over the next three months despite the recent batch of sluggish economic reports.
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US Federal Reserve Chairman Jerome Powell speaks during a press conference after a Federal Open Market Committee meeting in Washington, DC on July 31, 2019. Andrew Caballero-Reynolds | AFP | Getty Images Federal Reserve Chairman Jerome Powell described the U.S. economy on Friday as being solid, noting the central bank must do what it can
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[embedded content] [This stream is scheduled to begin Friday at 2 p.m. ET] Federal Reserve Chairman Jerome Powell is set to speak Friday at a “Fed Listens” event organized by the central bank in Washington. The event is part of a monetary policy communication review by the Fed. Powell’s remarks will come after the release
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A worker assembles truck engine cooling module components at the MAHLE Behr Charleston Inc. auto part facility in Charleston, South Carolina. Luke Sharrett | Bloomberg | Getty Images There have never been more Black and Hispanic Americans in the workforce, Friday’s Labor Department job report showed. The jobless rate for Hispanics hit a record low
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Customers push shopping carts while exiting a Costco Wholesale Corp. store in Richmond, California. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of Costco dipped 1% during extended trade after the company reported sales that missed analyst expectations for the fourth quarter. The wholesaler reported
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Dow Jones Industrial Average rises 122 points The Dow gained 122.42 points, or 0.47% to close at 2,6201.04. The S&P 500 climbed 0.8% to 2,910.63. The Nasdaq Composite advanced 1.12% to 7,872.26. Thursday’s gains chipped away at the market’s massive two-day sell-off to start off the fourth quarter. Faith in the Fed boosts stocks Stocks
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The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of Google.  Karen Finerman was a buyer of Delta.  Dan Nathan was a seller of The Consumer Staples Select Sector SPDR Fund. Steve Grasso was a seller of ULTA.  Disclosure Trader disclosure: Tim Seymour is long AMZN, AAPL, ACBFF,
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The “Fast Money” traders shared their first moves for the market open. Pete Najarian was a buyer of Qudian. Tim Seymour was a buyer of Disney. Karen Finerman was a seller of iShares iBoxx $ High Yield Corporate Bond ETF. Dan Nathan was a seller of VanEck Vectors Semiconductor ETF. Disclosure Trader disclosure: Pete is long calls
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Dow Jones Industrial Average drops 343 points The Dow dropped 343.79 points, or 1.27% to 26,573.04. The S&P 500 slid 1.23% to close at 2.940.25. The Nasdaq Composite fell 1.13% to 7,908.68 The sharp decline came after disappointing manufacturing data spooked investors. ISM manufacturing dents stocks to start off first quarter Stocks fell after the
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Dow Jones Industrial Average rises 96 points The Dow rose 96.58 points, or 0.4% to close at 26,916.83. The S&P 500 gained 0.5% to end the day at 2,976.73. The Nasdaq Composite advanced 0.8% to 7,999.34. Monday’s moves came as investors monitored the latest developments around U.S.-China trade talks and wrapped up a volatile third
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A new “Test-the-Waters” rule by the Securities and Exchange Commission could help stave off disappointing public market debuts — like those felt by Peloton and SmileDirectClub in recent weeks. The rule, announced Thursday, comes on the heels of a string of lackluster IPOs, and is intended to help companies gauge investor interest before officially going
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Wells Fargo named Charles Scharf, chairman and CEO of Bank of New York Mellon, as its new chief executive officer and president on Friday, effective Oct. 21. “Charlie has demonstrated a strong track record in initiating and leading change, driving results, strengthening operational risk and compliance, and innovating amid a rapidly evolving digital landscape,” Wells Fargo
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