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The value trade is running ‘way too far and way too fast’ for this stage of the reopening, PNC strategist says

The value trade is running 'way too far and way too fast' for this stage of the reopening, PNC strategist says
The major indexes may be kicking off the month in rally mode, but PNC Financial's Amanda Agati sees trouble under the hood. She believes the rotation into economically sensitive market groups from stay-at-home plays is overdone. "The value side of the equation — that 'go outside'...

Elizabeth Warren, Bernie Sanders propose 3% wealth tax on billionaires

Elizabeth Warren, Bernie Sanders propose 3% wealth tax on billionaires
Sen. Elizabeth Warren, D-Mass., holds a news conference to announce legislation that would tax the net worth of America's wealthiest individuals at the U.S. Capitol on Mar. 1, 2021 in Washington. Chip Somodevilla | Getty Images A slew of Democrats on Capitol Hill — including progressives...

Stocks making the biggest moves after the bell: Zoom, Roku, Novavax & more

Stocks making the biggest moves after the bell: Zoom, Roku, Novavax & more
A trader working after the Nasdaq opening bell ceremony on April 18, 2019 in New York City. Kena Betancur | Getty Images Check out the companies making headlines after the bell on Monday: Zoom Video – Shares of the video communications company popped 8.5% on the back...

It’s time for Biden’s financial regulators to face the Senate spotlight

It's time for Biden's financial regulators to face the Senate spotlight
Gary Gensler, chairman of the Commodity Futures Trading Commission (CFTC), speaks during a Senate Banking Committee hearing in Washington, D.C., U.S., on Tuesday, July 30, 2013. Andrew Harrer | Bloomberg | Getty Images The confirmation hearings for President Joe Biden's choices to run the Securities and...

Fed policy changes could be coming in response to bond market turmoil, economists say

Fed policy changes could be coming in response to bond market turmoil, economists say
Joggers pass the Marriner S. Eccles Federal Reserve building in Washington, D.C., on Tuesday, Aug. 18, 2020. Erin Scott | Bloomberg | Getty Images While the Federal Reserve may not raise its benchmark interest rate for years, there are growing expectations it may tweak policy soon...

New York attorney general warns cryptocurrency industry: ‘Play by the rules or we will shut you down’

New York attorney general warns cryptocurrency industry: 'Play by the rules or we will shut you down'
A visual representation of digital currencies. Yuriko Nakao | Getty Images New York Attorney General Letitia James sent a blistering warning to investors and industry members about the dangers of cryptocurrencies on Monday. "We're sending a clear message to the entire industry that you either play by...

Stocks making the biggest moves in the premarket: Hilton Grand Vacations, J&J, NRG Energy & more

Stocks making the biggest moves in the premarket: Hilton Grand Vacations, J&J, NRG Energy & more
Take a look at some of the biggest movers in the premarket: Hilton Grand Vacations (HGV) – The timeshare company posted a wider-than-expected loss for its latest quarter, while revenue was also below Wall Street forecasts. Hilton Grand Vacations said the pandemic has created a...

Exxon shares jump as activist investor Jeff Ubben joins the board

Exxon shares jump as activist investor Jeff Ubben joins the board
Exxon Mobil announced two board seat changes Monday, including activist investor and ESG proponent Jeff Ubben, in a news24nation that the company is confronting its uncertain future as the world moves toward cleaner energy and as investors shy away from oil stocks. Exxon said the...

Stimulus checks, unemployment benefits lift 1.6 million Americans out of poverty

Stimulus checks, unemployment benefits lift 1.6 million Americans out of poverty
A woman walks past tents for the homeless lining a street in Los Angeles, Calif. on Feb. 1, 2021. FREDERIC J. BROWN | AFP | Getty Images More than one million Americans were lifted out of poverty in January as a result of federal stimulus checks...