Stocks making the biggest moves premarket: Travelers, Halliburton, IBM, PPG & more
Check out the companies making headlines before the bell: Travelers – The insurance company earned $3.45 per share for its second quarter, easily beating the consensus estimate of $2.39. Revenue also topped forecasts, with Travelers benefiting from higher premiums, improved investment...
These stocks are already in a bear market amid Monday’s market sell-off
Jorge Sanz | LightRocket | Getty Images Jitters around the delta variant of Covid hindering the economic comeback sparked a steep sell-off Monday on Wall Street, pushing a number of stocks into bear market territory already. The Dow Jones Industrial...
It’s official: The Covid recession lasted just two months, the shortest in U.S. history
Residential single family homes construction by KB Home are shown under construction in the community of Valley Center, California, U.S. June 3, 2021. Mike Blake | Reuters The Covid-19 recession is in the books as one of the deepest —...
Dow futures drop more than 100 points after major averages post first negative week in four
U.S. stock index futures were lower during overnight trading on Sunday, after the major averages posted their first negative week in four. Futures contracts tied to the Dow Jones Industrial Average slid 169 points. S&P 500 futures and Nasdaq 100...
Delta variant might be a reason to extend unemployment benefits, say economists
An executive chef interviews a job seeker about hospitality employment during a job fair on June 23, 2021 in Torrance, California. PATRICK T. FALLON | AFP | Getty Images The rapidly spreading delta variant of Covid-19 may be reason for...
Stocks making the biggest moves midday: State Street, Norwegian Cruise Line, iHeartMedia and more
A view of the Norwegian Encore cruise ship during its inaugural sailing from PortMiami, which took place from Nov. 21-24, 2019. Orlando Sentinel | Tribune News Service | Getty Images Check out the companies making headlines in midday trading. State...
Treasury Secretary Janet Yellen to discuss stablecoins with regulators next week
Treasury Secretary Janet Yellen speaks during the daily press briefing on May 7, 2021, in the Brady Briefing Room of the White House in Washington, DC. Saul Loeb | AFP | Getty Images U.S. Treasury Secretary Janet Yellen will meet...
Why the Fed hates cryptocurrencies and especially stablecoins
Federal Reserve chair Jerome Powell has been testifying on Capitol Hill this week, and it’s pretty clear that he is not a fan of digital coins – especially stablecoins. During a two-day congressional hearing, the Fed chief said the main...
Yellen sees ‘several more months of rapid inflation’ before easing, worries about housing impact
Treasury Secretary Janet Yellen cautioned Thursday that prices could continue to rise for several more months, though she expects the recent startling inflation run to ease over time,. In a CNBC interview, the Cabinet official added that she worries about...
Stock futures slip as Wall Street wraps up first week of second-quarter earnings
Scott Mlyn | CNBC Futures contracts tied to the U.S. stock indexes slipped during the overnight session Thursday evening as Wall Street neared the end of the first major week of second-quarter earnings reports. Contracts linked to the S&P 500...