Economy
UK unlikely to return to mandatory Covid restrictions despite rising cases
More than 1.7 million Brits — or around 1 in 35 people — tested positive for Covid in the week to June 18, the latest data from the U.K.’s Office for National Statistics showed Friday. Adrian Dennis | Afp | Getty Images LONDON — Mandatory Covid-19 restrictions are unlikely to be reintroduced in Britain this […]
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As Klarna and Affirm falter, a new breed of ‘buy now, pay later’ startups are stealing the spotlight
Klarna is in talks to raise funds at a sharp discount to its last valuation, according to a report from the Wall Street Journal. A spokesperson for the firm said it doesn’t comment on “speculation.” Jakub Porzycki | NurPhoto via Getty Images With hype over the “buy now, pay later” trend fading, some investors are […]
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Don’t get ‘sucked back in’: Fund manager says investors should learn from past bear markets
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 22, 2022. Brendan Mcdermid | Reuters The stock market bounce in recent days is just a relief rally and investors should avoid getting sucked back in, according to Trevor Greetham, head of multi-asset at Royal London Asset […]
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Avoidable or inevitable recession? Billionaire investor David Rubenstein on what decides it
Much of the U.S. market focus has been on the Federal Reserve’s more aggressive interest rate hikes as a reason to fear a recession. But Carlyle Group co-founder and co-chairman David Rubenstein, a billionaire investor and philanthropist, says the economy’s path may be beyond the central bank’s control, and two other global players are more […]
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Stocks making the biggest moves midday: Coinbase, Spirit Airlines, Robinhood and more
Check out the companies making headlines in midday trading. Spirit Airlines — The budget airline’s shares fell more than 7% amid news that advisory firm Institutional Shareholder Services told Spirit shareholders to vote for the proposed merger with Frontier Airlines. It comes after Frontier Airlines upped the cash portion of its offer by $2 a […]
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Turkish lira whipsaws following new loan ban that’s set to affect thousands of companies
A money changer holds Turkish lira and U.S. dollar banknotes at a currency exchange office in Ankara, Turkey December 16, 2021. Cagla Gurdogan | Reuters Turkey’s currency, the lira, enjoyed a much-welcomed boost on Monday and the preceding Friday after the country’s banking regulator announced a ban on lira loans to companies holding what it […]
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Watch CNBC’s full interview with Frontier Airlines CEO Barry Biffle
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email CNBC’s Phil LeBeau sits down with Frontier Airlines CEO Barry Biffle to break down the company’s planned merger with Spirit Airlines as JetBlue moves to disrupt the pair’s deal. “We have increased our offer $450 million in cash and $240 million paid […]
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5 things to know before the stock market opens Monday
Here are the most important news items that investors need to start their trading day: 1. Stocks look to build off last week’s rebound A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 22, 2022. Brendan Mcdermid | Reuters U.S. stock futures rose before the […]
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Stocks making the biggest moves premarket: Spirit Airlines, BioNTech, Robinhood and more
Check out the companies making headlines before the bell: Spirit Airlines (SAVE) – Spirit Airlines lost 4.7% in the premarket after saying it would accept the latest improved takeover bid from Frontier Group (ULCC). The latest Frontier cash-and-stock bid is valued at $2.7 billion based on Friday’s closing prices, while the most recent JetBlue (JBLU) […]
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Stock futures fall slightly following a major comeback week for stocks
Traders on the floor of the NYSE, June 15, 2022. Source: NYSE U.S. stock futures fell slightly on Sunday night following a major rebound last week from this year’s steep declines. Despite the bounce, Wall Street is preparing to wrap up the worst first half for stocks in decades. Dow Jones Industrial Average futures fell […]
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