Finance

U.S. stock index futures were flat in overnight trading on Tuesday, after the major averages finished in the red, weighed down by inflation fears. Futures contracts tied to the Dow Jones Industrial Average, S&P 500 and Nasdaq 100 were unchanged. The Dow closed the regular trading session down 107 points, or 0.3%. The decline came

10’000 Hours | DigitalVision | Getty Images Target-date funds have ballooned in popularity over the past 15 years — yet many investors aren’t using them the way they were intended. The funds were designed as a one-stop shop that put retirement savings on autopilot. Investors are meant to park their nest egg in one fund,

Signage for digital payment services Alipay by Ant Group, an affiliate of Alibaba, and WeChat Pay by Tencent are displayed outside a currency exchange in Hong Kong, China, on Tuesday, Sept. 1, 2020. Chan Long Hei | Bloomberg | Getty Images BEIJING — As China’s anti-monopoly and data security crackdown creeps into restrictions on U.S.

Federal Reserve Chair Jerome Powell testifies during a U.S. House Oversight and Reform Select Subcommittee hearing on coronavirus crisis, on Capitol Hill in Washington, June 22, 2021. Graeme Jennings | Pool | Reuters Federal Reserve Chairman Jerome Powell is tasked this week with convincing Congress that the ultra-easy policies the central bank has followed during

Sheldon Cooper | LightRocket | Getty Images ByteDance, the Chinese owner of TikTok, reportedly scrubbed plans for an offshore listing after government officials asked the company to focus on data security risks. The Beijing-based tech giant had been weighing an initial public offering of all or some of its businesses in the U.S. or Hong

Traders work on the floor of the New York Stock Exchange. NYSE Stock futures opened mostly flat late Sunday as earnings season kicks off this week. Futures on the Dow Jones Industrial Average added 25 points, or 0.07%. S&P 500 futures edged 0.08% higher and Nasdaq 100 futures rose 0.17%. The three major indexes closed

In this article LEVI GM PSMT ACCD A sign in front of the Levi Strauss & Co. headquarters on April 09, 2021 in San Francisco, California. Justin Sullivan | Getty Images Check out the companies making headlines after the bell Thursday:  Levi Strauss — Shares of Levi Strauss added 3.2% after the retailer crushed Wall

In this article AAL People walk past GM vehicles on display at the General Motors world headquarters building at Detroit’s Renaissance Center. Paul Hennessy | SOPA Images | LightRocket | Getty Images Take a look at some of the biggest movers in the premarket: Levi Strauss (LEVI) — The denim maker added about 3% after

LONDON — Top financial institutions are calling for global cooperation on central bank digital currencies. The Bank for International Settlements, the global body for central banks, issued a report Friday saying that central banks should work to achieve “interoperability” between their digital currency projects. This can be achieved through a number of ways, the report

In this article WFC Smith Collection/Gado | Archive Photos | Getty Images Wells Fargo is closing all existing personal lines of credit, CNBC reported on Thursday. Some customers are likely thinking: Now what? Fortunately, there are alternatives for clients looking for ready cash, according to financial experts. They may turn to other lenders that offer

In this article BAC GS JPM SPCE AMC RCL LUV UAL AAL A sign is displayed in the reception area of Goldman Sachs in Sydney, Australia. David Gray | Reuters Check out the companies making headlines in midday trading. JPMorgan, Goldman Sachs, Bank of America — Bank stocks led the market comeback on Friday as

China’s Ministry of Commerce Spokesman Gao Feng addressed reporters at a regular press conference on April 29, 2021 in Beijing, China. VCG | Visual China Group | Getty Images BEIJING — China’s Ministry of Commerce plans to scrutinize foreign investment more closely on the basis of national security. The ministry’s priorities for the next five

Traders on the floor of the New York Stock Exchange. Source: NYSE Stock futures were flat in overnight trading Thursday after the major indexes fell amid concerns of a slowdown in economic growth. Futures on the Dow Jones Industrial Average added 7 points, or 0.02%. S&P 500 futures and Nasdaq 100 futures also traded near

In this article COIN NVDA DIDI SCHW JPM KSU The RealReal exterior Soruce: CNBC Check out the companies making headlines in midday trading. Charles Schwab — Shares of the online broker dipped over 2% after Goldman Sachs downgraded the stock to neutral from buy. The Wall Street firm said investors should back away from the

A customer makes a payment using China’s digital currency, or e-CNY, at Wangfujing Department Store on February 11, 2021 in Beijing, China. VCG | Visual China Group | Getty Images BEIJING — China’s central bank is “quite worried” about risks to the global financial system from privately developed digital currencies, particularly so-called global stablecoins. These

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 GDP quarter that we had since 1952. So basically since the Marshall Plan and the

The Federal Open Market Committee released minutes from its June 15-16 meeting, during which it held short-term interest rates near zero but also indicated that it might be adjusting policy otherwise in the months ahead. The Federal Reserve’s policymaking group kept its benchmark rate anchored in a range between 0% and 0.25%. That was according

In this article BTC.CM= The Tether price displayed on cryptocurrency exchange Kraken’s website. Tiffany Hagler | Bloomberg via Getty Images Tether is the third-biggest cryptocurrency in the world by market value. And it’s got some economists — including an official at the U.S. Federal Reserve — worried. Last month, Boston Fed President Eric Rosengren raised

Wise CEO and co-founder Kristo Kaarmann. Wise LONDON — Wise, one of Britain’s biggest fintech companies, is about to go public. And it will be a major test for post-Brexit London. The money transfer firm has opted to list its shares directly on the London Stock Exchange, using a rare listing method pioneered by Spotify

In this article MMM FANG TME AAPL DIDI AMZN JD.com is one of the biggest e-commerce and logistics company in China. Zhang Peng | LightRocket | Getty Images Check out the companies making headlines in midday trading. Didi — Shares of the Chinese ride-hailing giant Didi Chuxing plunged more than 20% after China announced that