Stocks can be driven up into the end of the year by jealous investors looking to get in on the action, according to traders on Wall Street. Among them was Citadel’s Scott Rubner, who said in a note that under-invested participants continue to get swayed into buying the market by the fear of missing out….
Skyscrapers in the Canary Wharf financial, business and shopping district in London, UK. Bloomberg | Bloomberg | Getty Images Visa is moving its European headquarters to London’s financial district, hot on the heels of an announcement by JPMorgan that it will build a landmark tower in an area considered to be the city’s answer to Wall Street….
Planes line up on the tarmac at LaGuardia Airport on Nov. 10, 2025 in New York City. Spencer Platt | Getty Images Southwest Airlines cut its 2025 earnings forecast on Friday, citing a demand dip during the federal government shutdown, the longest ever. The carrier said it expects 2025 earnings before interest and taxes of…
Social media giant X has been hit with a 120 million euro ($140 million) fine by the European Commission for breaching transparency obligations, in the latest challenge to a U.S. big tech company by the bloc. The Commission on Friday said breaches include “the deceptive design of its ‘blue checkmark’, the lack of transparency of…
As Yieldstreet tries to distance itself from a rocky past with a new name and ad campaign, its customers are dealing with a present reality that is increasingly dire. The private markets investing startup, freshly rebranded as Willow Wealth, last week informed customers of new defaults on real estate projects in Houston, Texas, and Nashville,…
Goldman Sachs has unveiled its top global stock picks for December, highlighting five it rates with an upside of 70% or more. They are: Autonomous vehicle chipmaker Horizon Robotics China’s Horizon Robotics could see an upside of 94% thanks to an upgrade in its product mix, designed to “capture high end smart-driving demand,” according to Goldman….
Taiwan on Thursday announced an immediate one-year ban on the Chinese social media network Xiaohongshu, saying the app posed a risk of fraud. Taiwan’s interior ministry said in a statement that it will block access to Xiaohongshu, also known in English as Rednote, calling it a potential “high-risk area for online shopping fraud.” Authorities linked the platform to…
Thana Prasongsin | Moment | Getty Images This year has been the worst for layoffs since the start of the pandemic, a new report shows — and those newly unemployed workers are entering a tough job market. While a job loss can leave workers scrambling to keep up with bills like their mortgage or children’s…
The Reserve Bank of India logo outside its headquarters in Mumbai on Feb. 7, 2025. Indranil Mukherjee | Afp | Getty Images India’s central bank cut its policy rate by 25 basis points to 5.25%, matching forecasts from economists polled by Reuters. The monetary policy committee delivered a unanimous reduction, citing “weakness in some key…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market moves: It’s been a relatively muted session for the market Thursday, with the S & P 500 trading in a tight range. If the index…
