November home prices rose 9.5%, one of the highest gains on record, Case-Shiller says
Real estate broker Rebecca Van Camp places a “Sold” placard on her sign in front of a home in Meridian, Idaho, on Wednesday, Oct. 21, 2020. Darin Oswald | Tribune News Service | Getty Images The surge in home prices...
Markets will seesaw for months, Invesco’s $1.2 trillion asset manager warns
Invesco chief global market strategist Kristina Hooper sees a volatile dynamic between optimism and pessimism playing out on Wall Street. According to Hooper, it will contribute to seesaw market behavior for months. “We are going to see some pretty significant...
How financing SPAC takeovers became Wall Street’s new favorite trade
Matteo Colombo | DigitalVision | Getty Images For most investors these days, it’s literally a “PIPE dream.” PIPEs, or private investments in public equity, are mechanisms for companies to raise capital from a select group of investors outside the market....
Stock futures jump ahead of the busiest week of earnings
U.S. stock index futures rose in overnight trading on Sunday, as Wall Street prepares for the busiest week of earnings, which will include reports from some of the largest tech companies. Futures contracts tied to the Dow Jones Industrial Average...
Biden claims his $1.9 trillion Covid relief plan will cut child poverty in half — here’s how
Jim Lo Scalzo-Pool/Getty Images President Joe Biden in a speech last week said his $1.9 trillion Covid relief plan would lift 5 million kids from the ranks of the poor and cut the child poverty rate in half. That would...
GameStop soars nearly 70%, trading briefly halted amid epic short squeeze
Wall Street’s most hated stock GameStop surged again on Friday as the massive short squeeze continued to fuel its explosive rally. The video game stock soared as much as 69.4% to a high of $72.88 on Friday, bringing its gains...
When can unemployed workers refuse a job offer? Biden wants to clear that up
President Joe Biden signs an executive order during an event in the State Dining Room of the White House on Jan. 21, 2021. Alex Wong | Getty Images News | Getty Images President Joe Biden ordered federal labor officials on...
Bank of America is giving $750 cash bonuses to lower-paid employees, restricted stock to others
Brian Moynihan, CEO of Bank of America, at the Goldman Sachs U.S. Financial Services Conference on December 4, 2018. Michael Newberg | CNBC Bank of America CEO Brian Moynihan is awarding nearly all of his 212,505 employees a bonus for...
Stock futures flat as markets look to end record-setting week
John Nacion | NurPhoto | Getty Images Contracts tied to the major U.S. stock indexes held around the flatline Thursday evening as Wall Street appeared headed to close out the record-setting week on a muted note. Dow futures lost 27...
Jobless claims show modest decline as Congress works on more stimulus
Americans continued to hit the unemployment line in large numbers as the ongoing surge of Covid cases added to America’s unemployment problem last week. Jobless claims totaled 900,000 for the week ended Jan. 16, the Labor Department reported Thursday. That...