Stock futures fell slightly on Tuesday a day after a big reversal in markets gave some traders hope the April sell-off was nearing an end. Futures tied to the tech focused Nasdaq index fell 0.2%. Dow Jones Industrial Average futures dipped 0.3% and S&P 500 futures were down about 0.2%. On Monday, the Dow advanced […]
Dow futures fall more than 200 points as Wall Street braces for a busy earnings week
Traders on the floor of the NYSE, April 14, 2022. Source: NYSE U.S. stock futures fell on Monday as concerns over rising interest rates continue to dent market sentiment. Wall Street is also bracing for a stacked week of earnings, including reports from major tech companies such as Amazon and Apple. Dow Jones Industrial Average […]
Three reasons this struggling fintech stock may break out of its slump
PayPal tumbled 16% this week, but one top analyst is making a bullish long-term case for the struggling stock. The company’s underperformance follows leadership uncertainty. PayPal’s chief financial officer, John Rainey, announced last week he’ll leave the company in late May. Yet, Bruderman Asset Management’s Akshata Bailkeri made an optimistic case for PayPal on CNBC’s […]
UK digital banks need to improve financial crime controls, FCA warns
Icons for the Monzo and Starling banking apps on a smartphone. Adrian Dennis | AFP via Getty Images Britain’s online-only challenger banks need to do more to prevent the abuse of their platforms by criminals, regulators have warned. The Financial Conduct Authority on Friday published the findings of a review into financial crime controls at […]
Stock futures lower as S&P 500 attempts to avoid another losing week
Stock futures were lower in early morning trading Friday as the S&P 500 tried to avoid another losing week amid busy earnings and rising bond yields. Futures on the Dow Jones Industrial Average dipped 118 points, or 0.3%. S&P 500 futures fell 0.5% and Nasdaq 100 futures shed 0.4%. The early morning action followed a […]
Binance removes Twitter emoji that resembled a swastika after outcry
The logo of cryptocurrency exchange Binance. STR | NurPhoto via Getty Images Cryptocurrency exchange Binance removed and redesigned an emoji on Twitter, after outcry from users who pointed out it looked like a swastika. Twitter sometimes lets brands design their own custom emojis to include in hashtags in order to promote their business. In this […]
S&P 500, Nasdaq futures fall as Netflix shares tank on disappointing results, outlook
Stock futures slipped in early morning trading as investors digested disappointing Netflix earnings and looked ahead to a new batch of companies set to report Wednesday. Futures on the Dow Jones Industrial Average fell 61 points. or 0.18%. S&P 500 futures dipped 0.42% and Nasdaq 100 futures sank 0.82%. Shares of Netflix plummeted more than […]
Fraud prevention start-up Seon raises funds to fight sanctions evasion
Fintechs have come under increased pressure to address Russian sanctions evasion, particularly amid concerns that their controls may be more lax than that of banks. Kirill Kudryavtsev | Afp | Getty Images LONDON — Seon, a start-up that helps fintech companies like Revolut tackle online fraud, has raised $94 million to develop new tools for […]
Shanghai reports first Covid deaths since start of latest lockdowns
Shanghai, China’s largest city and the one hit hardest by the latest Covid outbreak, announced another round of mass virus testing that’s set to end Thursday, April 21. Str | Afp | Getty Images BEIJING — Shanghai city reported Monday its first Covid-related deaths since the latest wave of lockdowns began in earnest in late […]
Shanghai by the numbers: China’s Covid lockdowns
The Huangpu River splits the Chinese city of Shanghai between the older settlement on the west and the newer, financial center on the east. Johannes Eisele | Afp | Getty Images China’s latest wave of Covid restrictions has forced millions of people — roughly three times as many as live in New York City — […]