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Dow Rises 200 Points Amid David Tepper's Bullish Comments, Stimulus Optimism
Hedge fund manager David Tepper said the recent rapid rise in rates is set to stabilize and it’s hard to be bearish on stocks.
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Student Loan Forgiveness May Become Tax-Free Under Covid Relief Bill. Here's What That Means for Borrowers
The stimulus bill working its way through Congress would end the policy of taxing borrowers’ forgiven student debt. That could save some people up to $10,000.
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Fidelity Leads a $376 Million Investment in Starling, Valuing the UK Digital Bank at $1.5 Billion
Starling said it would use the money to expand into Europe, and for anticipated mergers and acquisitions.
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Chinese Foreign Minister Takes Firm Tone, Calls for ‘Non-Interference' Between China and US
Chinese Foreign Minister Wang Yi said at a high-level press conference that the U.S. needs to stop interfering in what Beijing considers its domestic affairs.
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Investors Haven't Fully Grasped Inflation Is ‘Dead Ahead,' Economist Mark Zandi Warns
Moody Analytics’ Mark Zandi warns the economic recovery will unleash strong inflationary pressures.
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Unemployment Benefits End Next Week. It May Be Too Late for Congress to Stop It, Experts Say
Democrats are rushing to extend jobless benefits by March 14, when aid would lapse for millions. There will likely be a gap even if Congress meets the deadline.
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Democrats Want to Send More Unemployment Benefits. Some Workers Never Got the Last Round
Democrats’ $1.9 trillion American Rescue Plan would pay more jobless benefits. But some have yet to receive aid from the Covid relief bill passed in December.
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Robinhood Chooses the Nasdaq for Its IPO, Sources Say
Robinhood has chosen the Nasdaq for its eventual initial public offering, according to sources familiar with the matter.
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Dow Rallies 570 Points in Big Turnaround, Nasdaq Ends Wild Day 1.6% Higher
The major averages bounced off their lows as bond yields retreated from their session highs.
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London Stock Exchange Boss Sounds the Alarm on SPAC ‘Froth'
Excess in U.S. SPACs “could end poorly” for investors, the CEO of London’s stock exchange told reporters Friday.
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With 4 Million Americans Long-Term Unemployed, Benefits Cliff Looms
More than 4 million Americans are long-term unemployed, according to the February jobs report. Their jobless benefits are set to end after March 14.
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Too Much Stimulus in the U.S. May Bring ‘Imported Inflation' to China, Economists Warn
In China, economists are wary of risks to growth as the country tries to recover fully from the shock of the pandemic.
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China Sets 2021 GDP Growth Target of More Than 6% as Premier Warns of ‘Formidable Tasks' in Finance
Chinese Premier Li Keqiang said the nation aimed for an urban unemployment rate of around 5.5% and targeted the creation of more than 11 million new urban jobs.
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SPACs Are Becoming Less of a Sure Thing as the Deals Get Stranger, Shares Roll Over
Sponsors are rushing to get their deals done in an increasingly crowded space with nearly 60 SPACs identifying their merger targets in February alone.
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Morgan Stanley Raises GE Target to $17, a High Among Wall Street Banks
Last month, CEO Larry Culp told an audience at an event hosted by Barclays that the company expects to burn cash in the first quarter of 2021.
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Exxon CEO Darren Woods Promises Investors a Strong Dividend Despite 2020 Losses
Exxon CEO Darren Woods told CNBC the company’s dividend payout, which is among the highest in the S&P 500, is a priority.
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Amazon-Backed Food Delivery Firm Deliveroo Picks London for Its Blockbuster Debut
The food delivery start-up’s IPO plans will allow founder and CEO Will Shu to maintain control of the firm.
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ESG Investments Surged in Asia-Pacific in 2020 as Sustainable Investing Takes Off, MSCI Survey Finds
With climate change cited as one of the major challenges, Asia-Pacific countries are among those leading the way on the issue.
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People Are Paying Millions for Clips That Can Be Viewed for Free. Welcome to the World of ‘NFTs'
A video clip created by digital artist Beeple was flipped for a record $6.6 million last week.
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Tech ‘Rollover' Is a Major Buying Opportunity: Oppenheimer's Top Strategist
Oppenheimer Asset Management’s John Stoltzfus believes tech plays a key role in the reopening trade.