JPMorgan Chase, Gap, VMWare and more

People pass the JP Morgan Chase &; Co. Headquarters in the Manhattan borough of New York. Facebook Facebook logo Join Facebook to connect with Mike Segar Reuter Find out which companies are making headlines in the midday business. JPMorgan Chase – JPMorgan rose 7% after the bank said it expected to hit key yield targets … Read more

ECB chief Christine Lagarde says crypto is ‘worthless’

The European Central Bank is considering whether to issue its own digital alternative to cash. Olivier Matthys | AFP | Getty Images European Central Bank President Christine Lagarde thinks cryptocurrencies aren’t worth a penny. “My very humble assessment is that it’s worth nothing,” Lagarde said of the crypto in an interview with Dutch talk show … Read more

China’s state-backed blockchain company to launch major overseas project

China’s blockchain-based service network (BSN) is planning a major international expansion project in August. Yuichiro Chino | time | Getty Images China’s state-backed blockchain company is planning its first major international expansion, its CEO told CNBC, as Beijing continues to make technology a key priority. The blockchain-based service network (BSN) bills itself as a “one-stop … Read more

Asian markets: stocks, economic growth, earnings

SINGAPORE — Stocks in the Asia-Pacific region were mixed on Monday as global concerns continued to plague investors. In Japanese markets, the Nikkei 225 rose 0.7%, while the Topix climbed 0.74%. Australia’s S&P/ASX 200 struggled to head around the flatline and was last down 0.02%. Greater China markets fell, with Hong Kong’s Hang Seng Index … Read more

Analysts point to tech stocks to buy after selling

Three analysts share their outlook for the tech, with one saying it’s poised for a hard rally, and another naming “very interesting” stocks in the sector. Chris Watling, managing director of Longview Economics, said the stock market as a whole was “ready to rally”. “We just need a whiff of good news somewhere to spark … Read more

Stock futures rise after Dow falls for eight straight week in relentless selling

Traders on the NYSE, May 20, 2022. Source: NYSE Stock futures rose in trading overnight on Sunday after the Dow Jones Industrial Average fell for its 8th straight week amid a selloff in the market. Dow Jones industrial average futures gained 150 points, or 0.5%. S&P 500 futures added 0.6% and Nasdaq 100 futures rose … Read more

Elon Musk’s SpaceX seeks to raise $1.7 billion in new funding

A Falcon 9 rocket launches a batch of Starlink satellites into orbit on April 29, 2022. SpaceX SpaceX is raising a massive new round of funding, CNBC has learned, bringing the private company’s valuation to around $127 billion. The space company is seeking to raise up to $1.725 billion in new capital, priced at $70 … Read more

How Musk’s Twitter takeover plans rocked Wall Street and social media

Elon Musk wears many hats as CEO of Tesla, CEO of SpaceX, and founder of the Boring Company and Neuralink. He is also a prolific Twitter user. The news that Musk has made a $44 billion bid to buy Twitter and potentially become the social media company’s CEO sent shockwaves through Wall Street and social … Read more