Stock futures fall after Wall Street’s worst week since January

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, June 3, 2022. Brendan McDermid | Reuters U.S. stock futures fell Sunday night as Wall Street tries to recover from one of its worst weeks of 2022. Futures tied to the Dow Jones Industrial Average dropped 115 points, or…

Annuity sales rise, buoyed by market fears and higher interest rates. What to know before you buy

Svetikd | E+ | Getty Images Annuities are on track for a banner year as consumers flee stock volatility and insurers offer more attractive rates. Limra, an insurance industry group, forecasts annuity sales of $267 billion to $288 billion in 2022, eclipsing the record ($265 billion) set in 2008. Consumers pumped $255 billion into annuities…

‘Buy now, pay later’ firms were already in trouble. Apple just gave them one more thing to worry about

In this article AFRM AAPL Apple Pay Later will let users pay for things over four equal installments. Jakub Porzycki | Nurphoto | Getty Images AMSTERDAM — Apple’s move into the crowded “buy now, pay later” space has raised the stakes for the fintech companies that pioneered the trend. The iPhone maker announced plans to…

Brokerage industry looks for alternatives to payment for order flow amid SEC’s threatened crackdown

Omar Marques | LightRocket | Getty Images The brokerage industry is exploring alternatives to payment for order flow as SEC chair Gary Gensler takes aim at the practice. One idea is coming from Apex Clearing, CNBC has learned. The clearing firm handles trades for SoFi, Webull and other fintechs and has been quietly building a…

Stocks making the biggest moves premarket: DocuSign, Vail Resorts, Stitch Fix and others

In this article NFLX ILMN RENT SFIX MTN DOCU Check out the companies making headlines before the bell: DocuSign (DOCU) – The electronic-signature technology company’s stock plunged 26.1% in the premarket after its quarterly profit and revenue fell short of Wall Street forecasts. DocuSign had previously warned that a return to post-Covid working conditions could…

Goldman Sachs CEO David Solomon’s advice to summer interns: ‘Be an entrepreneur’

In this article GS David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galacia | CNBC Internships have begun at Goldman Sachs‘ offices in the U.S. this week, according to the global investment bank. Roughly 3,700 people won a coveted spot in the company’s summer internship…

Stocks making the biggest moves midday: Tesla, Five Below, Novavax, Nio and more

In this article 9866-HK FIVE SIG TSLA A Tesla dealership is seen in West Drayton, just outside London, Britain, February 7, 2018. Hannah McKay | Reuters Check out the companies making headlines in midday trading. Tesla — Shares rose about 2.2% after UBS upgraded the electric vehicle stock to buy from neutral. The firm said…

Watch Christine Lagarde speak after the ECB ends its bond-buying program

[The stream is slated to start at 08:30 ET. Please refresh the page if you do not see a player above at that time.] European Central Bank President Christine Lagarde is giving a press conference after the bank’s latest monetary policy decision. The European Central Bank on Thursday confirmed its intention to hike interest rates…

Stocks making the biggest moves midday: DocuSign, Campbell, Moderna and more

In this article DOCU The Docusign Inc. website on a laptop computer arranged in Dobbs Ferry, New York, U.S., on Thursday, April 1, 2021. Tiffany Hagler-Geard | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Campbell Soup – The food company saw shares gain 2.3% after reporting a better-than-expected quarterly…

Stocks making the biggest moves premarket: Campbell Soup, Moderna, Western Digital and others

In this article HAS ROKU WDC MRNA THO CPB Check out the companies making headlines before the bell: Campbell Soup (CPB) – The food producer’s shares rallied 3.7% in the premarket after Campbell reported an adjusted quarterly profit of 70 cents per share, 9 cents above estimates. Sales also beat forecasts, and the company raised…

Credit Suisse issues profit warning for second quarter, citing Ukraine war and rate hikes

A sign above the entrance to the Credit Suisse Group AG headquarters in Zurich, Switzerland, on Monday, Nov. 1, 2021. Thi My Lien Nguyen | Bloomberg | Getty Images Credit Suisse said on Wednesday that it is likely to post a loss for the second quarter as the war in Ukraine and monetary policy tightening…