Finance

A trader on the floor of the New York Stock Exchange (NYSE), on Thursday, Nov. 18, 2021. Michael Nagle | Bloomberg | Getty Images Stock futures moved higher in overnight trading Sunday following Friday’s big sell-off as investors monitor the latest developments related to the Covid omicron variant. Futures on the Dow Jones Industrial Average
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Kaisa Group Holdings Ltd.’s City Plaza development under construction in Shanghai, China, on Tuesday, Nov. 16, 2021. Qilai Shen | Bloomberg | Getty Images BEIJING — Chinese real estate developer Kaisa announced Thursday plans for paying back investors, temporarily alleviating concerns about a default as China’s property sector continues to face pressure. Kaisa’s Hong Kong-listed
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A Gap store in New York, August 2, 2020. Scott Mlyn | CNBC Check out the companies making headlines in midday trading. Gap, Nordstrom — Shares of Gap and Nordstrom plummeted after the companies reported disappointing quarterly results late Tuesday citing rising labor costs, inventory issues, shopping costs and factory closures as challenges. Gap shares dropped
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In this article SOL.CM= ETH.CM= BTC.CM= Stripe isn’t ruling out accepting cryptocurrency as a method of payment in the future, according to co-founder John Collison. The online payments company ended support for bitcoin payments in 2018, citing the digital coin’s notoriety for volatile price swings and a lack of efficiency in making everyday transactions. “Crypto
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Catherine Wood, chief executive officer of ARK Investment Management LLC, speaks during the Milken Institute Global Conference in Beverly Hills, California, on Monday, Oct. 18, 2021. Kyle Grillot | Bloomberg | Getty Images This is a breaking news story. Please check back for updates. Cathie Wood — known for her aggressive innovation ETFs — said
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Bryn Mawr Trust’s Jeff Mills is recommending stocks involved in supply chains, cybersecurity and e-commerce because they have “staying power.” He credits the groups’ capacity to insulate investors from the tug-of-war between growth and cyclical stocks. Mills’ first pick focuses on companies helping supply chains. “You’re starting to hear a narrative of things improving there,
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Jerome Powell, who guided the Federal Reserve and the nation’s economy through the staggering and sudden Covid-19 recession by implementing unprecedented monetary stimulus, has been nominated for a second term as chairman of the U.S. central bank. President Joe Biden made the announcement Monday morning following weeks of speculation that a push from progressives might
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The logo of China Evergrande is seen at outside China Evergrande Centre building in Hong Kong, China September 23, 2021. Tyrone Siu | Reuters BEIJING — Highly indebted property developer China Evergrande will likely default because the company has essentially lost its main business, S&P Global Ratings analysts said in a report Thursday. Evergrande was
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