Stock futures flat after markets reach record highs, S&P 500 tops 3,700
U.S. stock futures rose slightly in overnight trading on Tuesday, building on recent strength that’s pushed the major averages to record highs. Dow futures rose 77 points. S&P 500 futures and Nasdaq 100 futures gained 0.19% and 0.16%, respectively. Fueling...
Even with a Covid vaccine, U.S. economy will likely get worse before it gets better: Ned Davis Research
We still haven’t seen “the storm before the calm.” So says Alejandra Grindal, senior international economist at Ned Davis Research, despite the market’s run to record highs, reignited Tuesday by positive announcements around a Covid-19 vaccine. The U.K. began rolling...
Economic growth will be better than expected thanks to the resilient services sector, Goldman says
Teresa Nguyen, a respiratory therapist, goes over a patient’s charts inside a room for people with the coronavirus disease (COVID-19) at a hospital in Hutchinson, Kansas, November 20, 2020. Callaghan O’Hare | Reuters The U.S. economy will recover faster than...
Borrowers looking to use Fed’s Main Street lending program run into dead end
Treasury Secretary Steven Mnuchin listens to a question during a House Financial Services Committee hearing on “Oversight of the Treasury Department’s and Federal Reserve’s Pandemic Response” in the Rayburn House Office Building in Washington, December 2, 2020. Greg Nash |...
Wells Fargo CEO Scharf sees swift recovery for US economy in 2021 as vaccines are rolled out
Charles Scharf Qilai Shen | Bloomberg | Getty Images Wells Fargo CEO Charlie Scharf said Tuesday that the U.S. economy will probably rebound quickly from the coronavirus next year after vaccines are widely distributed. As head of the fourth-biggest U.S....
Market sentiment is at dot-com-bubble euphoria levels due to vaccine optimism, investor Peter Boockvar warns
Investor Peter Boockvar warns bullishness is at dangerous levels. He’s worried about investor optimism touching dot-com-bubble euphoria levels. “Sentiment has gotten as ebullient as we’ve seen in early 2000,” the Bleakley Advisory Group chief investment officer told CNBC’s “Trading Nation” on...
Is your advisor prepared for cyber attacks? Here’s what you need to know
Vasily Pindyurin | fStop | Getty Images Cyber criminals steal billions of dollars a year from financial firms. Financial advisors – and their clients – are at risk as attacks increase and grow more complex, according to security experts. “Advisors...
U.S. stock futures are flat after Friday’s record-setting session
Traders work the floor of the New York Stock Exchange. NYSE U.S. stock futures were little changed on Sunday night following a record-setting session as Wall Street searched for clues on additional fiscal aid. Dow Jones Industrial Average futures traded...
Hispanic unemployment from Covid-19 has been cut in half, but can it last?
SDI Productions | E+ | Getty Images A slew of recent studies underscore the difficulties many workers of color, including Hispanics, are facing as a result of Covid. The Latinx community finds itself over-represented in industries such as hospitality and construction, which suffered...
Here’s how worried you should be about your stake in Alibaba, now that the U.S. is going after Chinese stocks
President Donald Trump has a bill on his desk that could kick several Chinese companies off U.S. stock exchanges and inflame an already strained relationship between Washington and Beijing. The Holding Foreign Companies Accountable Act would force companies to give...
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