The Fitch Ratings downgrade of the United States’ long-term credit rating ultimately doesn’t matter, JPMorgan Chase CEO Jamie Dimon told CNBC on Wednesday. “It doesn’t really matter that much” because it is the market, and not rating agencies, that determine borrowing costs, Dimon told CNBC’s Leslie Picker. Still, it is “ridiculous” that countries including Canada…
Pedestrians pass the Marriner S. Eccles Federal Reserve building in Washington, DC, US, on Saturday, June 3, 2023. Nathan Howard | Bloomberg | Getty Images The Kansas City Federal Reserve is about to get a new leader as the inflation-fighting central bank plots its course ahead. Jeffrey R. Schmid, with more than 40 years of…
The Match.com website is shown on an Apple iPhone. Andrew Harrer | Bloomberg | Getty Images Check out the companies making headlines before the bell on Wednesday. CVS Health — Shares of the retail pharmacy giant rose 1.8% premarket after the company posted strong earnings and revenue for the second quarter. CVS reported earnings of…
Ugur Karakoc | E+ | Getty Images From China’s Ant Group to Sweden’s Klarna, here is the complete list of the world’s top 200 fintech companies. CNBC partnered with independent research firm Statista to establish a transparent overview of the top fintech companies. related investing news Statista analyzed over 1,500 firms across nine different market…
Market Movers rounded up the best reactions from investors and analysts on Uber . The pros, including Jim Cramer , talked about the ride-sharing company’s second-quarter results , which were released before market open Tuesday. Uber shares initially popped after the company announced it had reached two major milestones during the period: its first quarter…
Elf complexion sponges arranged in Germantown, New York, July 17, 2023. Gabby Jones | Bloomberg | Getty Images Check out the companies making headlines after hours. SolarEdge Technologies — The solar stock dropped 11% in extended trading. SolarEdge missed revenue expectations in its second quarter, posting $991 million compared to the expected $992 million from…
Hon Chang-joon, business partner of Do Kwon, the cryptocurrency entrepreneur who created the failed Terra (UST) stablecoin, is taken to court in Podgorica, Montenegro, March 24, 2023. Stevo Vasiljevic | Reuters Cryptocurrencies are considered securities regardless of how they are sold, a Manhattan federal judge said in an opinion, allowing the Securities and Exchange Commission to…
People walk by a Gap retail store on August 24, 2022 in Beijing, China. VCG | Getty Images Check out the companies making headlines before the bell on Tuesday. SoFi Technologies — The financial technology stock dropped 3.7% after KBW analyst Michael Perito downgraded the stock from underperform from market perform. Perito hiked his price…
Signage outside the State Street Corp. Global Advisors Global Advisors building in Boston, Massachusetts, U.S., on Tuesday, Jan. 18, 2022. Scott Eisen | Bloomberg | Getty Images Asset management giant State Street is reducing the fees investors pay for a group of core ETFs, the company announced Tuesday. The changes impact roughly half of the…
An HSBC Holdings bank branch in Hong Kong on May 24, 2022. A Hong Kong-based trade platform launched by HSBC Holdings three years ago with much fanfare has shut down after failing to build a commercially viable business. Bertha Wang | Bloomberg | Getty Images HSBC on Monday reported a second quarter profit before tax of…
