Biden’s economic plans will help the U.S. compete with China, says former Treasury secretary
President Joe Biden’s plans to bolster the U.S. economy will help the country compete with China’s massive Belt and Road Initiative, former Treasury Secretary Jacob Lew said on Wednesday. The Belt and Road Initiative is China’s ambitious program to build physical...
Here are the 10 biggest economies in the world — before the pandemic vs. now
A child runs past a wall mural depicting healthcare workers wearing face masks along a road in New Delhi, India on March 21, 2021. Sajjad Hussain | AFP | Getty Images SINGAPORE — The Covid-19 pandemic has shaken up the...
S&P 500 futures fall slightly in overnight trading, Netflix shares tank
Traders on the New York Stock Exchange. Source: NYSE Stock futures fell slightly in overnight trading Tuesday amid a sharp decline in Netflix shares, pointing to a third straight negative day on Wall Street. S&P 500 futures dipped 0.1% and...
Facebook-backed Diem aims to launch digital currency pilot later this year
Facebook wanted to revolutionize finance with a global digital currency — then came the regulators. First proposed in June 2019 with the name libra, the token was initially intended to be a universal currency tied to a basket of sovereign...
Stocks making the biggest moves midday: Peloton, GameStop, Harley-Davidson and more
A monitor displays Peloton Interactive Inc. signage during the company’s initial public offering (IPO) across from the Nasdaq MarketSite in New York, U.S., on Thursday, Sept. 26, 2019. Michael Nagle | Bloomberg | Getty Images Check out the companies making...
Major Asian bank says it’s not practical to cut off clients with coal exposure in the short term
SINGAPORE — Singapore’s largest bank DBS Group Holdings said it’s not practical to cut off clients with coal exposure in the short term. DBS on Friday announced that it aims to eliminate thermal coal exposure by 2039. To get there,...
New $3,000 child tax credit payments set to start in July. Here’s what to know
MoMo Productions Parents may soon start getting monthly payments from the IRS, due to a recent change to the child tax credit. IRS Commissioner Charles Rettig said Tuesday that the agency was on track to start issuing that aid in...
Robinhood and Coinbase top Apple App Store
Coinbase is a popular option for buying bitcoin and other cryptocurrencies. Todd Haselton | CNBC Watch out social media, finance apps are becoming a more popular form of entertainment on people’s phones. Trading platforms Robinhood and Coinbase grabbed the top...
Stocks making the biggest moves midday: Simon Property, Cisco, Sunrun & more
Shoppers walk through the King of Prussia mall in King of Prussia, Pennsylvania. Jennah Moon | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Sunrun — The solar stock popped 10% after Simmons Energy, a...
Betterment sees record growth, as GameStop frenzy ‘shines a light’ on investing
Betterment launched a new savings option that pays users up to 2.69% interest. Source: Betterment Trading apps aren’t the only ones benefiting from the rise of meme stocks. Betterment, a digital investment advisor, said it saw record growth in the...