CNBC - Finance

Goldman Sachs CEO David Solomon gets $10 million pay cut over bank's role in 1MDB scandal

Wed, 27 Jan 2021 09:05:32 GMT

The pay cut for Solomon reflects prior penalties imposed on the bank and not Solomon's own conduct, the SEC filing said.

Ant Group IPO could get back on track if it resolves issues, China's central bank governor suggests

Wed, 27 Jan 2021 03:38:53 GMT

Ant Group's IPO, which would have been record setting, was pulled by regulators days before it was due to begin trading in Shanghai and Hong Kong in November.

Stock futures tick upward as Microsoft kicks off big-tech earnings on a high note

Wed, 27 Jan 2021 00:14:30 GMT

Futures ticked higher at the start of the overnight session Tuesday evening as Wall Street pored over earnings results from Microsoft.

Fed will need to reassure the market it's not thinking about dialing back its support

Tue, 26 Jan 2021 23:20:41 GMT

Markets figure that as long as the Fed keeps pumping, then it's safe to keep buying.

Stocks making the biggest moves after hours: Microsoft, GameStop, Starbucks & more

Tue, 26 Jan 2021 22:13:49 GMT

See which stocks are posting big moves after the bell on Tuesday, January 26.

Here's how Biden would avert a looming benefits cliff

Tue, 26 Jan 2021 17:41:05 GMT

President Joe Biden would use "automatic stabilizers" to phase out unemployment benefits gradually instead of on a specific end date.

Stocks making the biggest moves midday: GameStop, General Electric, DraftKings and more

Tue, 26 Jan 2021 17:23:40 GMT

These are the stocks posting the largest moves in midday trading.

Etsy shares jump after Elon Musk tweets he 'kinda loves' the e-commerce company

Tue, 26 Jan 2021 17:18:06 GMT

Also on Tuesday, Jefferies raised its 12-month price target on Etsy to a Street high of $245 per share.

GameStop shares are jumping again, but short sellers aren't backing down

Tue, 26 Jan 2021 17:15:42 GMT

Despite the massive squeezes, GameStop short sellers are doubling down on their bearish bets.

Stripe leads $102 million funding round for online checkout start-up Fast

Tue, 26 Jan 2021 16:40:35 GMT

San Francisco-based Fast announced its $102 million funding round on Tuesday, led by Stripe and other investors.

Short sellers are down $91 billion in January as GameStop leads squeeze in stocks they bet against

Tue, 26 Jan 2021 15:41:36 GMT

For all the attention that is shined on superstar short sellers, most lose money.

World's largest money manager says sustainable investing surge to continue, pushes for more ...

Tue, 26 Jan 2021 14:51:43 GMT

BlackRock CEO Larry Fink is calling on the corporate world to provide greater disclosures on ESG metrics.

Why ‘tax the rich’ policies may make sense in a K-shaped economy

Tue, 26 Jan 2021 14:43:36 GMT

Some state officials want to raise taxes on the wealthy to plug Covid-era budget gaps. The policy meshes with an unequal pandemic recovery, economists say.

Stocks making the biggest moves in the premarket: GE, Apollo Global, J&J, GameStop & more

Tue, 26 Jan 2021 12:54:19 GMT

The stocks making the biggest moves in premarket trading include GE, Apollo Global, J&J, GameStop, and more.

Markets will seesaw for months, Invesco top strategist warns

Tue, 26 Jan 2021 12:09:45 GMT

Invesco’s Kristina Hooper sees near-term trouble associated with the coronavirus vaccine shortage and disappointing economic news.

Xi's speech shows how Biden faces a very different China

Tue, 26 Jan 2021 08:08:00 GMT

Chinese President Xi Jinping struck a confident tone Monday when calling for world leaders to cooperate more with China.

How financing SPAC takeovers became Wall Street’s new favorite trade

Mon, 25 Jan 2021 18:23:37 GMT

PIPEs, or private investments in public equity, are mechanisms for companies to raise capital from a select group of investors outside the market.

GameStop turns negative in wild trading day that saw its shares double at one point

Mon, 25 Jan 2021 17:42:39 GMT

Massive short covering and internet-driven momentum keeps pushing GameStop stock higher.

Bed Bath & Beyond, AMC rally with GameStop as little investors squeeze hedge funds in more ...

Mon, 25 Jan 2021 17:34:28 GMT

Bed Bath & Beyond and AMC Entertainment join the long list of stocks rallying on the short-squeeze frenzy.

Parts of the market are in a bubble, but they pose low risk to the S&P 500, Goldman says

Mon, 25 Jan 2021 16:12:42 GMT

Goldman said exuberance around SPACs and companies with negative earnings are bubble-like but don't jeopardize the overall market.