Stock futures rise, adding to Wednesday’s gains, despite turmoil at U.S. Capitol
U.S. stock futures rose in overnight trading on Wednesday as investors digested the likely event of a Democratic held Congress and continued to look past riots at the U.S. Capitol. Dow Jones Industrial average futures rose 125 points. S&P 500...
Private payrolls post first drop since April as coronavirus spread hits job growth, ADP says
Private payrolls in December contracted for the first time since the early days of the coronavirus pandemic, according to a report Wednesday from ADP. The decrease of 123,000 provided a sign that the U.S. economy had cooled considerably heading into...
Cash in circulation is soaring, and that usually means good things for the economy
A picture illustration shows U.S. 100 dollar bank notes taken in Tokyo Yuriko Nakao | Reuters The amount of currency in circulation soared last year at a rate unseen since World War II, providing what historically has been a good...
Mortgage demand from homebuyers pulled back sharply, even as rates ended 2020 near record low
An ‘Open House’ sign is displayed in the front yard of a home for sale in Columbus, Ohio. Ty Wright | Bloomberg | Getty Images The stunning surge in home buying, brought on by the coronavirus pandemic, may finally be...
A SoftBank-backed education start-up could be Europe’s first major tech IPO in 2021
Brothers learning at home Vesnaandjic | E+ | Getty Images LONDON — Online education company Kahoot is “on track” to list on the main Norwegian stock market by the end of March, its CEO told CNBC, after a pandemic-driven boom...
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...