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Stock futures are flat ahead of earnings season kickoff

Stock futures are flat ahead of earnings season kickoff
U.S. stock futures were flat in early morning trading on Wednesday ahead of the first batch of corporate earnings. Dow futures traded just 16 points higher. S&P 500 futures and Nasdaq 100 futures both hovered in mildly positive territory. On Tuesday, the S&P 500 climbed 0.4%...

Stock futures flat after Dow, S&P 500 hit fresh records

Stock futures flat after Dow, S&P 500 hit fresh records
A Wall Street street news24nation is displayed in front of the New York Stock Exchange (NYSE) in New York, U.S., on Thursday, Feb. 11, 2021. Bloomberg | Getty Images Futures contracts tied to the major U.S. stock indexes held steady during the overnight session Sunday evening,...

Earnings season should boost hot financial stocks, RBC’s top bank analyst predicts

Earnings season should boost hot financial stocks, RBC's top bank analyst predicts
One of the year's hottest trades may get a boost from earnings season. RBC Capital Markets' Gerard Cassidy expects financials to exceed Wall Street expectations when they start reporting this week. "The big beats are likely to come from the loan loss reserve releasing numbers," the...

China’s Didi Chuxing raising $1.5 billion in debt as it nears blockbuster IPO: Reports

China's Didi Chuxing raising $1.5 billion in debt as it nears blockbuster IPO: Reports
A logo of ride-hailing giant Didi Chuxing displayed on a building in Hangzhou in China's eastern Zhejiang province. STR | AFP | Getty Images Chinese ride-hailing giant Didi Chuxing is said to be raising $1.5 billion in debt financing ahead of a blockbuster U.S. IPO, Bloomberg...

How JPMorgan increased the number of Black interns in its Wall Street program by nearly two-thirds

How JPMorgan increased the number of Black interns in its Wall Street program by nearly two-thirds
JPMorgan Chase boosted the number of Black and female college students selected for investment bank internships by leaning on technology platforms that help the firm broaden out its campus recruiting efforts, CNBC has learned. The company said that 18% of its corporate and investment bank...

British fintech start-up TrueLayer raises $70 million to take on Visa and Mastercard

British fintech start-up TrueLayer raises $70 million to take on Visa and Mastercard
Francesco Simoneschi, CEO and co-founder of U.K. fintech start-up TrueLayer. TrueLayer LONDON — British financial technology start-up TrueLayer says it's raised $70 million in fresh funding, highlighting continued appetite from investors for fast-growing fintech firms. TrueLayer lets fintech apps like Revolut and Freetrade connect with customers' bank...

Senate Banking Committee Chair Brown asks banks to detail their links to Archegos

Senate Banking Committee Chair Brown asks banks to detail their links to Archegos
Senator Sherrod Brown (D-OH), speaks at the 2019 National Action Network National Convention in New York, April 5, 2019. Lucas Jackson | Reuters Sen. Sherrod Brown, chairman of the powerful Senate Banking Committee, is taking aim at three banking giants' ties to Archegos Capital after the...

Morgan Stanley dumped $5 billion in Archegos’ stocks the night before massive fire sale hit rivals

Morgan Stanley dumped $5 billion in Archegos’ stocks the night before massive fire sale hit rivals
The night before the Archegos Capital story burst into public view late last month, the fund's biggest prime broker quietly unloaded some of its risky positions to hedge funds, people with knowledge of the trades told CNBC. Morgan Stanley sold about $5 billion in shares...

Goldman’s risk controls worked well during Archegos fire sale, CEO Solomon says

Goldman's risk controls worked well during Archegos fire sale, CEO Solomon says
Goldman Sachs CEO David Solomon said Tuesday his bank's risk management systems performed well after the forced unwinding from a highly levered fund tanked several stocks in the U.S. and China and took a multibillion dollar bite out of other banks. Shares of Discovery and...