S&P 500 hits 5,000 for the first time, but closes just under the milestone: Live updates
The S&P 500 briefly topped the 5,000 milestone for the first time on record.
China’s central bank encourages local businesses to accept foreign payment cards
His written comments, exclusive to CNBC, come as Beijing has stepped up efforts to encourage visits from foreign tourists and business people.
SoftBank nets $16 billion on Arm earnings pop, exceeding its total losses in WeWork
Chip design firm Arm reported strong earnings on Wednesday, giving Masayoshi Son’s SoftBank a huge paper profit.
Asset manager names one under-the-radar market to buy when times are bad, giving 6 stock picks
“In difficult times, Swiss equities, besides the U.S., is one of the markets to buy,” says Vontobel Asset Management’s Carla Bänziger.
Nintendo’s stock could rise by 30%, say analysts — if it overcomes these hurdles
The global video game maker could leverage its 130 million strong customer base to sell its highly anticipated next-generation gaming console.
Social media chatter helps draw 3 million tourists in 3 days to a frigid city in northern China
Following a flurry of social media chatter, Harbin attracts a record-breaking number of visitors during the three-day New Year holiday.
NYCB woes reignite fears about shaky banks as anniversary of March crisis nears
Investors have worried that commercial real estate losses could trigger more turmoil after deposit runs consumed Silicon Valley Bank and Signature last March.
PayPal issues disappointing guidance even as fourth-quarter earnings top estimates
PayPal reported fourth-quarter financials that topped analysts’ estimates but provided guidance that came in slightly below Wall Street expectations.
Snap stock closes down 34% after company’s revenue miss and weak guidance
Snap shares tanked more than 34% in Wednesday trading, a day after the company reported Q4 earnings that missed revenue estimates and issued light guidance.
Enphase CEO says solar industry poised to rebound on falling interest rates and rising utility costs
Enphase CEO Badri Kothandaraman has called a bottom in the first quarter and sees falling interest rates and rising utility costs providing tailwinds.
