Don’t give up on value trades because ‘the economy is on fire,’ Credit Suisse’s Jonathan Golub says
One of Wall Street’s biggest bulls isn’t jumping on the growth stock bandwagon. Despite the tech-heavy Nasdaq’s run to record highs, Credit Suisse’s Jonathan Golub prefers value trades right now. “The second quarter of this year will be the fastest...
Wise debut turns the fintech’s founders into billionaires — here’s who else won big
Wise founders Taavet Hinrikus, left, and Kristo Käärmann. Wise LONDON — The founders of money transfer service Wise are now billionaires — on paper, at least. The British fintech company formerly known as TransferWise went public on the London Stock...
U.S. stock futures are slightly lower after S&P 500 snaps 7-day winning streak
Tourists visit the Wall Street bull statue in the Financial District, New York City. Drew Angerer | Getty Images U.S. stock futures opened slightly lower Tuesday night after the S&P 500 ended a seven-day winning streak, its longest since August....
Warren Buffett-backed BYD sold fewer all-electric cars than before the pandemic
BYD’s Han electric car, pictured here at the 2021 Shanghai auto show, is one of the most popular new energy vehicles in China. Evelyn Cheng | CNBC BEIJING — Chinese automaker BYD sold fewer all-electric passenger cars in the first...
Apollo mulls bid for British supermarket chain, taking on SoftBank-backed Fortress
NEWPORT, WALES, UNITED KINGDOM – 2021/01/09: A shopper seen pushing her groceries outside Morrisons supermarket in Wales. May James/SOPA Images/LightRocket via Getty Image WM Morrison, Britain’s fourth-largest supermarket chain, could be about to become the target of an international bidding...
Stocks making the biggest moves midday: Krispy Kreme, Virgin Galactic, IBM, Didi and more
Rendering of the Krispy Kreme Times Square flagship. Krispy Kreme Check out the companies making headlines in midday trading. Virgin Galactic — The space tourism company’s stock is up 4% after announcing founder Sir Richard Branson will be aboard its...
Fed Chair Powell met with Coinbase CEO Brian Armstrong in May
Coinbase Founder and CEO Brian Armstrong attends Consensus 2019 at the Hilton Midtown on May 15, 2019 in New York City. Steven Ferdman | Getty Images Federal Reserve Chairman Jerome Powell met in May with Brian Armstrong, the CEO of...
Biden on June jobs report: ‘Our economy is on the move, and we have Covid-19 on the run’
U.S. President Joe Biden delivers remarks on the June jobs report in the Eisenhower Executive Office Building’s South Court Auditorium at the White House in Washington, July 2, 2021. Kevin Lamarque | Reuters WASHINGTON — President Joe Biden responded to...
U.S. adds 850,000 jobs in June, better than expected
Job growth leaped higher in June as businesses looked to keep up with a rapidly recovering U.S. economy, the Labor Department reported Friday. Nonfarm payrolls increased 850,000 for the month, compared with the Dow Jones estimate of 706,000 and better...
Stocks making the biggest moves in the premarket: Virgin Galactic, Krispy Kreme, Apollo Global & more
Take a look at some of the biggest movers in the premarket: Virgin Galactic (SPCE) – Virgin Galactic shares soared 28.2% in the premarket after it announced that founder Richard Branson plans to be aboard a planned July 11 space...