Finance

Longtime market bull Phil Orlando is bracing for a rough stretch because Wall Street has reached a critical “inflection point.” The Federated Hermes chief equity market strategist is blaming the risk dynamic. Not only does Orlando see hotter-than-expected inflation and the Covid-19 delta variant as glaring issues, he’s also worried about uncertainty surrounding monetary and fiscal
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Chinese private educational company New Oriental logo seen in Shanghai. SOPA Images | LightRocket | Getty Images BEIJING — Two U.S.-listed Chinese education stocks plunged sharply in pre-market trading Friday after reports of a government crackdown on the sector that included bans on foreign investment. TAL Education shares fell 55% in extended, early-hours trading. New
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Anthony Scaramucci, former director of communications for the White House and founder of SkyBridge Capital LLC, speaks during the Skybridge Alternatives (SALT) conference in Las Vegas, Nevada, on May 8, 2019. Joe Buglewicz | Bloomberg | Getty Images Anthony Scaramucci, founder and co-managing partner of SkyBridge, told CNBC on Friday he’s mandated Covid shots at
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In this article AXP INTC SAM HON TWTR S3 Studio | Getty Images Check out the companies making headlines in midday trading. Snap — Shares of Snap soared roughly 24% after better-than-expected second-quarter earnings results. The social media company reported strong growth of users, engagement and ads. Twitter — Twitter shares gained 3.4% after reporting its fastest revenue
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A job seeker fills out an application form during a restaurant and hospitality career fair in Torrance, California, on June 23, 2021. Eric Thayer/Bloomberg via Getty Images State withdrawals from pandemic-era unemployment programs aren’t speeding up the job recovery, according to a new analysis. Twenty-five states have ended their participation in at least some of
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Chinese authorities have promoted the use of the yuan worldwide, while the U.S. dollar dominates global transactions. Getty Images BEIJING — When it comes to the investment outlook, one Chinese economist predicts once-a-century opportunities will emerge from a “struggle for supremacy” between the U.S. and China. This game-changing window comes from upheaval on both sides,
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In this article OPFI Jared Kaplan, CEO of fintech OppFi, told CNBC on Wednesday he wants to help alleviate Americans’ emergency savings worries. OppFi’s target customer is the “median U.S. consumer” who earns about $50,000 annually and has a bank account, Kaplan said. Artificial intelligence-powered OppFi aims to offer accessible financial services to those who lack
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