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Consumer Financial Protection Bureau employees were told Sunday to work remotely because their Washington, D.C., headquarters would be closed through Feb. 14, according to a memo obtained by CNBC. The memo, from CFPB Chief Operating Officer Adam Martinez, follows an email sent Saturday from newly installed acting CFPB director Russell Vought which instructed staff to […]
DeepSeek’s rise is the catalyst that will prompt global investors to allocate more toward Chinese stocks, even as economic worries persist, analysts predict. “Before the overarching talk was, China is uninvestible. … Now you definitely see people start thinking it probably helps to have China,” said Liqian Ren, leader of quantitative investment at WisdomTree. It’s
DeepSeek's AI breakthrough could get global investors interested in China again Read More »
The Trump administration may create powerful tailwinds for two vastly different market groups: Big banks and small cap stocks. In the case of financials, Astoria Portfolio Advisors’ John Davi predicts deregulation — along with a boost in IPO and mergers and acquisitions — to spark multi-year strength. “The funny thing about the banks is that
Many workers value remote work to such a degree that they’d take a pay cut to be able to work from home, even on a part-time basis, studies show. The prevalence of remote work ballooned during the Covid-19 pandemic. Many experienced telework perhaps for the first time in their careers; employees cite work-life balance as
Check out the companies making headlines before the bell: Affirm Holdings â Shares of the payment company popped 14% after Affirm exceeded earnings and revenue expectations for the fiscal second quarter . Affirm, which provides buy now, pay later loans, reported $866 million in revenue for the period, while analysts polled by LSEG expected $807
The stock market is on a volatile ride this week in part because of the tariff back-and-forth from the Trump administration and various countries. But Third Point’s Daniel Loeb believes investors should relax. The hedge fund manager believes stocks will benefit from the macro environment going forward, even with periods of volatility brought on by
Big Tech’s historic gains could be affecting your portfolio’s makeup â especially if your goal is diversification. Astoria Portfolio Advisors CEO John Davi warns the S&P 500 index tilts too far in favor of the so-called Magnificent Seven stocks: Apple, Microsoft, Nvidia, Amazon, Meta Platforms, Alphabet and Tesla. “Those Mag Seven stocks are very expensive
How one ETF provider is trying to help investors cut exposure to Magnificent 7 stocks Read More »
Check out the companies making headlines in extended trading: Amazon â The e-commerce giant fell 2% after issuing weaker-than-expected guidance for the current quarter. Amazon said it forecasts sales in the first quarter between $151 billion and $155.5 billion. Analysts surveyed by LSEG were looking for $158.5 billion. Meanwhile, the company’s fourth-quarter earnings and revenue
Stocks making the biggest moves after hours: Amazon, Pinterest, Expedia and more Read More »
President Donald Trump imposed broad tariffs on China that took effect Tuesday, while his tariff threats hang over other major trading partners: Canada, the European Union and Mexico. That may lead some to wonder: How have tariffs been wielded throughout U.S. history, and is Trump’s use of them unusual? The ‘three Rs’ of tariffs The
Check out the companies making headlines in midday trading: Altus Power â The commercial solar power provider soared 27% after agreeing to a $5 per share buyout from a unit of TPG that valued Altus at $2.2 billion, including debt. The deal is expected to close in the second quarter. Ford â The automaker fell
