Stocks making the biggest moves in the premarket: Vroom, Ping Identity, Sage Therapeutics & more
Take a look at some of the biggest movers in the premarket: Vroom (VRM) – Vroom intends to offer $500 million in convertible senior notes due in 2026. The used-vehicle e-commerce platform provider plans to use the proceeds for a...
All-star investor Rich Bernstein warns bitcoin is a bubble, sees oil as the most ignored bull market
Institutional Investor Hall of Famer Richard Bernstein is sounding the alarm on bitcoin. He warns bitcoin is a bubble and crypto fever is pushing investors away from the market groups positioned to grab the biggest gains, particularly oil. “It’s pretty...
Paul Tudor Jones rips Fed on inflation, says credibility is at stake
The Federal Reserve is risking its credibility by keeping policy so loose and allowing inflation to grow in a way that may not be temporary, billionaire hedge fund manager Paul Tudor Jones told CNBC on Monday. This week could see...
Bank of America CEO Brian Moynihan says consumer spending is 20% higher this year than 2019
American consumers are spending more freely as the economy opens up further, Bank of America CEO Brian Moynihan said Monday. Transaction volumes on customers’ credit and debit cards and over the Zelle payment network have grown by 20% so far...
Bank of America’s Moynihan says the Fed can pull back on policy help
Bank of America CEO Brian Moynihan encouraged the Federal Reserve to ease up on its ultra-easy monetary policy, saying Monday that the urgency for the pandemic-related response is abating. Speaking a day before the central bank begins its June policy...
‘Shocking’ inflation numbers will fall back to earth and hurt reopening trades, economist David Rosenberg predicts
Economist David Rosenberg believes the bond market is getting inflation right and yields shouldn’t trade at higher levels. His reasoning: Inflation is a temporary phenomenon caused by enormous pent-up demand and supply chain issues connected to the coronavirus pandemic. “The...
Auto insurance rates rise, but insurers could still qet squeezed by higher costs ahead
An employee at a used auto dealership treads water as he checks on vehicles they are moving out of the rising waters from two days of heavy rain in Lexington, Miss., Thursday, June 10, 2021. Rogelio V. Solis | AP...
Tax refunds and stimulus checks delayed by identity fraud crossfire
Samuel Corum/Bloomberg via Getty Images Jeff Lavigne plans to use a tax refund this year for long-delayed medical help. Yet his refund, almost $2,700, has been in limbo since mid-March, when Lavigne filed his tax return, records show. The IRS...
Stocks making the biggest moves midday: Chewy, Biogen, Snowflake and more
Signage is seen ahead of the IPO for Chewy at the New York Stock Exchange, June 14, 2019. Andrew Kelly | Reuters Check out the companies making headlines in midday trading. Snowflake – Shares of the cloud computing company dropped...
Stocks making the biggest moves in the premarket: Snowflake, Vertex Pharmaceuticals, Chewy & more
Take a look at some of the biggest movers in the premarket: Snowflake (SNOW) – Snowflake shares fell 3.7% in premarket trading, following the cloud computing company’s presentation of financial targets at its Investor Day meeting. Snowflake set a target...
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