Justin Sullivan | Getty Images JPMorgan Chase agreed Tuesday to pay a $250 million fine after one of its U.S. regulators found a “pattern of misconduct” in its wealth management division. The Office of the Comptroller of the Currency said in a release that the New York-based bank’s risk management controls were “deficient” and the

It may take months for the dollar to stage a comeback. Brown Brothers Harriman’s Win Thin warns it will continue to weaken due to the surge in coronavirus cases. “What I’m focused on near-term is really the virus numbers and the resulting slowdown here in the U.S. in Q4 and parts of Q1,” the firm’s

Traders work the floor of the New York Stock Exchange. NYSE Stock futures rose in overnight trading on Monday following a strong session on Wall Street boosted by positive vaccine news. Futures on the Dow Jones Industrial Average gained 160 points. S&P 500 futures rose 0.4% and Nasdaq 100 futures climbed 0.3%. The move higher

Getty Images Bitcoin isn’t the only cryptocurrency posting strong gains lately. Ether, XRP and a handful of other so-called “altcoins,” or alternative cryptocurrencies, rallied Monday, following the world’s best-known digital currency higher. At around 9:15 a.m. ET, ether passed the $600 level, a point it hasn’t reached since June 2018, according to data from industry

Workers are seen at a production line manufacturing solar photovoltaic components at a factory in Huzhou, Zhejiang province, China February 12, 2019. Lin Yunlong | Zhejiang Daily | Reuters BEIJING — China is set to remain a key player in global supply chains, thanks to a combination of factors ranging from the coronavirus pandemic to

Dow Jones Industrial average futures fell slightly in overnight trading on Sunday as a rising number of Covid-19 cases continued to weigh on markets. Futures contracts tied to the Dow fell 66 points, or 0.2%. The move indicated an opening decline of about 50 points. S&P 500 futures fell 0.1%, while Nasdaq 100 futures were

Bloomberg | Bloomberg | Getty Images Check out the companies making headlines after the bell:  FireEye — Shares of FireEye jumped 12% in extended trading after the cybersecurity company announced a $400 million strategic investment led by Blackstone. FireEye intends to use the proceeds to fund the acquisition of Respond Software and grow the company’s

Take a look at some of the biggest movers in the premarket: Pfizer (PFE) – The drugmaker and German partner BioNTech (BNTX) plan to apply today for emergency use authorization for their Covid-19 vaccine. Earlier this week, study data analysis showed the vaccine to be 95% effective. Pfizer shares added 1% in premarket trading as

Chicago Federal Reserve President Charles Evans expressed disappointment Friday in the Treasury Department’s decision to end several lending programs implemented during the coronavirus pandemic. Speaking a day after Treasury Secretary Steven Mnuchin said the programs would not continue past their end-of-year deadline, Evans told CNBC that the facilities provide an important function. “I think our

LONDON — A few years back, blockchain was the talk of the financial services industry. Several large banks were testing the technology, lured by the promise of improving some of the sector’s oldest processes. This year, investors could be forgiven for wondering where blockchain went. After much hype in 2017, as the value of cryptocurrencies

Check out the companies making headlines in midday trading.  Zoom Video — Shares of the video-conferencing company jumped more than 6% amid a rise in Covid-19 cases. Zoom has been one of the key “stay-at-home” trades, and shares are up 550% this year. Nikola — The electric vehicle maker declined more than 3%, despite Loop

Wall Street forecaster James Bianco warns the new economic lockdowns will hurt the holiday rush and retail. According to Bianco, the fallout from surging coronavirus infections is starting to put consumers on alert due to job market uncertainty — particularly for those who can’t work from home. “Roughly around 30% of the jobs in the

U.S. Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell share an elbow bump greeting prior to testifying before a House Financial Services Committee hearing on oversight of the Treasury Department’s and Federal Reserve’s coronavirus disease (COVID-19) pandemic response on Capitol Hill in Washington, September 22, 2020. Joshua Roberts | Pool | Reuters Treasury

Stocks futures fell in overnight trading on Thursday as rising new coronavirus cases cast doubt on a swift economic recovery. Futures on the Dow Jones Industrial Average dropped 230 points, implying a loss of more than 200 points at Friday’s open. S&P 500 futures slid 0.7% and Nasdaq 100 futures dipped 0.3%. The overnight action

Liberty Media’s John Malone Michael Kovac | Getty Images Liberty Media Chairman John Malone said hard assets look attractive as the unprecedented coronavirus stimulus is poised to lead to a depreciation in currencies. “We’ve survived this [pandemic] because of enormous fiscal and monetary stimulus,” Malone said in an interview that aired Thursday with CNBC’s David Faber. “And

A bitcoin logo on a mobile phone. Omar Marques | SOPA Images, LightRocket | Getty Images Bitcoin just climbed past $18,000 for the first time since December 2017, extending a wild run for the cryptocurrency this year. The price of bitcoin was trading about 8.6% higher Wednesday morning at $18,172, breaching a level it hasn’t

Money manager Kevin Nicholson believes downside is limited for the S&P 500 through next month. Nicholson, who’s co-chief investment officer of global fixed income at RiverFront Investment Group, blames the market’s “tug-of-war” with Covid-19 news. “When we announce new vaccines, the market tends to rally,” Nicholson told CNBC’s “Trading Nation” on Wednesday. “However, the market

JPMorgan Chase CEO Jamie Dimon criticized lawmakers for a months-long deadlock over a second round of coronavirus relief to help unemployed Americans and struggling businesses as the pandemic deepens. “I know now we have this big debate. Is it $2.2 trillion, $1.5 trillion?” Dimon said Wednesday, referring to competing visions for a relief bill from

Liu Qiang, Vice President of Fosun Technology and Financial Group, Deputy Chairman of Hani Securities, speaks with Arjun Kharpal, Senior Correspondent of CNBC, during Day 1 of CNBC East Tech West at LN Garden Hotel Nansha Guangzhou on November 17, 2020 in Nansha, Guangzhou, China. Zhong Zhi | Getty Images Entertainment | Getty Images Ant

U.S. stock futures were flat in overnight trading on Tuesday as investors digested the recent record rally in equities. Dow futures fell 16 points. Futures for the S&P 500 and Nasdaq-100 lost 0.04% and 0.03%, respectively. On Tuesday, the Dow Jones Industrial Average fell more than 167 points, dragged down by Walgreens, Home Depot and