Scammers have taken $36 billion in fraudulent unemployment payments from American workers
Tom Williams | CQ-Roll Call, Inc. | Getty Images PUA fraud Most of the theft has focused on Pandemic Unemployment Assistance, a temporary program created by the federal CARES Act in March. It offers unemployment benefits to workers who don’t...
NYSE says it will no longer delist three Chinese telecom giants
A man walks outside the New York Stock Exchange (NYSE) in New York, November 24, 2020. Brendan McDermid | Reuters Trump’s investment ban is set to take effect Monday, a little more than a week before President-elect Joe Biden is...
Home prices are rising faster in the middle of the U.S. as Covid drives people away from coasts
Homes in Memphis, Tennessee. Getty Images Home prices are rising across the nation, but the Covid pandemic is turning the usual geographical trends on their heads. Home values have historically risen most sharply in large cities on the coasts, where...
Bitcoin falls over 10% as record-breaking rally loses steam
An illustration of bitcoin on Euro banknotes. Nicolas Economou | NurPhoto via Getty Images Bitcoin is pulling back from its record highs. The cryptocurrency briefly dipped below $30,000 Monday, just two days after breaching that level for the first time....
Trading legend Art Cashin shares his poem to say goodbye to 2020 and welcome the New Year
Source: NYSE photo Art Cashin couldn’t lead the New York Stock Exchange in the singing of “Wait til the Sun Shines Nellie” this year, but he penned this poem for UBS and its clients and is sharing it with us...
Weekly jobless claims fall for a second straight week
The number of people filing for unemployment benefits for the first time unexpectedly fell last week, marking its second straight decline. Initial jobless claims declined by 19,000 to 787,000 in the week ended Dec. 26, the Labor Department said Thursday....
Stocks making the biggest moves premarket: Exxon Mobil, Tribune Publishing, Apple, Tesla & more
Check out the companies making headlines before the bell: Exxon Mobil – The energy giant will write down the value of its assets by up to $20 billion for the fourth quarter, mostly related to its natural gas assets. Exxon is,...
China scores an EU investment deal before Biden takes office — and it wants to do more
European Commission President Ursula von der Leyen, European Council President Charles Michel, German Chancellor Angela Merkel, French President Emmanuel Macron and Chinese President Xi Jinping are seen on a screen during a video conference to approve an investment pact between...
Small caps’ breakout is just starting, $17 billion money manager predicts
Bryn Mawr Trust’s Jeff Mills is making a big bet on the economic recovery. After years of decline, he predicts small-cap stocks’ 2020 comeback will deliver even bigger gains to investors next year. “We’re at this point where monetary policy and...
Morgan Stanley repays $1.7 million to college savers for high-cost investments
Michael Nagle/Bloomberg via Getty Images Morgan Stanley will repay $1.7 million to customers who paid high costs on investments earmarked for education expenses like college tuition. The brokerage firm is paying the sum, including nearly $1.5 million in restitution plus...
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