Mortgage delinquencies sink to pandemic low, but distress is far from over
H&R Block mortgage services sign Jb Reed | Bloomberg | Getty Images Mortgage delinquencies in November fell to their lowest level since the start of the coronavirus pandemic, though the number is still far higher than the rate a year...
JPMorgan’s Wall Street chief gives his call for the stock market, SPACs, fintech and CEO succession
If anybody on Wall Street is due a victory lap, it’s Daniel Pinto. The head of JPMorgan Chase’s massive corporate and investment bank is fresh off a year for the record books: Pinto’s business produced $49.3 billion in revenue and...
Regulators will launch a ‘full-fledged assault’ against Facebook and Twitter, tech investor Paul Meeks predicts
Investor Paul Meeks won’t invest in social media stocks right now, he told CNBC on Monday. Meeks, who’s known for running the world’s largest tech fund during the dot-com bubble, predicted regulators will target the group this year — with Facebook and...
China plans to hand out $1.5 million in a digital currency test during the Lunar New Year
Men wearing face masks walk past a Gap store at a shopping area, as the country is hit by an outbreak of the new coronavirus, in Beijing, China February 7, 2020. Jason Lee | Reuters BEIJING — China’s capital city...
Yellen says U.S. could return to full employment next year if Congress passes $1.9 trillion stimulus
Outgoing Federal Reserve Chair Janet Yellen holds a news conference after a two-day Federal Open Market Committee (FOMC) meeting in Washington, U.S. December 13, 2017. Jonathan Ernst | Reuters The U.S. could return to full employment in 2022 if President...
Biden says $15 minimum wage won’t survive Covid relief talks, promises to push for pay hike later
President Joe Biden speaks delivers a foreign policy address during a visit to the State Department in Washington, February 4, 2021. Tom Brenner | Reuters President Joe Biden said this weekend that it is unlikely a $15 federal minimum wage...
More bubbles, less shorting. What the GameStop craziness could mean for the future of investing
Tiffany Hagler-Geard | Bloomberg | Getty Images The stock market is known for being unpredictable and volatile, and any sense of normalcy was blown up during the recent GameStop rally. Most of us know the story by now: After discovering...
Consumer watchdog sees surge in Robinhood complaints, some clients claim they can’t leave the app
The logo of trading app Robinhood is displayed on a smartphone. Olivier Douliery | AFP via Getty Images A U.S. consumer watchdog saw a surge in complaints regarding Robinhood last week, with some clients claiming they were unable to liquidate...
Long-term unemployment is close to a Great Recession record
Cars line up to pick up food boxes at the Athens County Fairgrounds in Athens, Ohio on Dec. 19, 2020. BRAD LEE | AFP | Getty Images Long-term unemployment is edging toward a historical peak, almost a year into the...
Stocks making the biggest moves midday: Activision, Snap, Ford & more
Attendees play the Activision Blizzard Inc. Call Of Duty: Black Ops 4 video game at the company’s booth during the E3 Electronic Entertainment Expo in Los Angeles, California, U.S., on Tuesday, June 12, 2018. Troy Harvey | Bloomberg | Getty...