Stock futures dip even after Amazon reports profit surge
FAANG stocks displayed at the Nasdaq. Adam Jeffery | CNBC Futures contracts tied to the major U.S. stock indexes dipped at the start of the overnight session Thursday evening as investors pored over a flurry of earnings results and a...
Job growth could surpass 1 million in April hiring boom as economy roars back
A Wawa store hiring sign in Bethany Beach, Delaware. Stephanie Dhue | CNBC The economy could add more than 1 million jobs in April, economists say. Hiring seems to have strengthened as businesses reopen, leading some economists to make big...
Consumer-fueled economy pushes GDP to 6.4% first-quarter gain
Economic activity boomed to start 2021, as widespread vaccinations and more fuel from government spending helped get the U.S. closer to where it was before the Covid-19 pandemic struck, the Commerce Department reported Thursday. Gross domestic product, the sum of...
Pending home sales rose less than expected in March as prices soared
A sale pending sign is posted in front of a home for sale in San Anselmo, California. Justin Sullivan | California Pending home sales, a measure of signed contracts on existing homes, rose 1.9% in March compared with April, according...
Stocks making the biggest moves in the premarket: Facebook, Comcast, Generac, eBay & more
Take a look at some of the biggest movers in the premarket: Facebook (FB) – Facebook exceeded analysts’ forecasts by $1.03 a share, with quarterly profit of $3.30 per share. The social media giant’s revenue was also well above Wall...
Powell says he plans to meet with homeless Americans in Washington, DC
Federal Reserve Chairman Jerome Powell said Wednesday that he has in the past met with homeless Americans and that doing so reminds him of those he works for as a government official. Powell said he has not yet met with...
Fed holds interest rates near zero, sees faster growth and higher inflation
The Federal Reserve on Wednesday kept its easy money policy in place despite an economy that it acknowledged is accelerating. As expected, the U.S. central bank decided to keep short-term interest rates anchored near zero as it buys at least...
Selling assets to avoid a higher capital gains tax? You may trigger another tax
Drew Angerer | Getty Images News | Getty Images Investors fearful of President Joe Biden’s proposal to raise taxes on capital gains might be thinking about making a knee-jerk stock sale. Doing so may inadvertently trigger another investment tax, according...
Mortgage rates fall to a two-month low, but weekly demand still drops
Robin Azougi 1st R, a licensed real estate salesperson with Douglas Elliman Real Estate, talks with prospective buyers at a house for sale in Floral Park, Nassau County, New York, on Sept. 6, 2020. Wang Ying | Xinhua News Agency...
Samsung family announces plans to pay off more than $10 billion of inheritance tax
A Samsung flag (R) and South Korean national flag flutter at the company’s Seocho building in Seoul on April 28, 2021. JUNG YEON-JE | AFP via Getty Images SINGAPORE — The family of Samsung Electronics’ late chairman announced Wednesday they...