Stocks making the biggest moves in the premarket: PepsiCo, Bed Bath & Beyond, Amazon & more
Take a look at some of the biggest movers in the premarket: PepsiCo (PEP) – The snack and beverage giant reported quarterly profit of $1.66 per share, beating the consensus estimate of $1.49 a share. Revenue came in above estimates...
Technology vendors eye FX client onboarding opportunity
Anti-money laundering (AML) and know-your-customer (KYC) regulations require financial institutions to carry out due diligence on their customers. Verifying the identity of these customers is a crucial step in this process and screening names against AML watchlists helps ensure that...
Coinbase CEO discourages politics at work, offers generous severance to employees who want to quit
Coinbase CEO Brian Armstrong Getty Images Coinbase is offering to pay employees who decide to quit the cryptocurrency company after it discouraged employee activism and discussing of political and social issues at work. CEO Brian Armstrong told Coinbase staff in...
Fed’s Daly calls for more fiscal help to get the economy out of a ‘big ditch’
The U.S. economy needs more help from the fiscal side to recover from the ongoing impact of the coronavirus pandemic, San Francisco Federal Reserve President Mary Daly said Wednesday. With the White House and congressional leadership still trying to work...
Companies added better than expected 749,000 jobs amid jump in construction, hospitality, ADP says
Companies added jobs at a faster-than-expected pace in September due in good part to a surge in manufacturing hires, according to a report Wednesday from ADP. The firm’s monthly private-sector jobs count showed growth of 749,000, ahead of the 600,000...
Mortgage demand falls nearly 5%, even as interest rates set another record low
Despite another interest rate drop, demand for refinancing and purchasing mortgages fell last week, with total mortgage application volume down 4.8% from the previous week, according to the Mortgage Bankers Association. Record-low mortgage rates are apparently not as impressive as they...
America’s most vulnerable families could face financial crisis if government relief fades away, Fed says
A protester blocks the street leading to the Washington, D.C., home of U.S. Senate Majority Leader Mitch McConnell, R-Ky., demanding the extension of unemployment aid, on July 22, 2020. Jonathan Ernst | Reuters Stimulus checks and enhanced unemployment benefits that...
Warren Buffett-backed Chinese car maker announces strong demand for its new luxury electric sedan
Chinese battery and electric vehicle maker BYD shows off a model of its Han EV series at the 2020 Beijing auto show. Evelyn Cheng | CNBC BEIJING — Demand for luxury electric sedans is on the rise in China. In...
Most small businesses say they’re ready for a coronavirus spike, survey shows
People wearing facemasks wait to buy vegetables at a market vegetable stall as essential retailers reopen from the coronavirus (Covid-19) shutdown. SOPA Images | LightRocket | Getty Images Smaller-sized businesses have been battered during the six months of the coronavirus...
New York bankruptcies reportedly surge 40% during pandemic
People wearing protective masks walk by a going out of business sign displayed outside Century 21 on the Upper West Side as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on September...
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