Reddit group WallStreetBets behind massive GameStop, AMC run-ups goes private, invitation required

Rafael Henrique | SOPA Images | LightRocket via Getty Images “Wallstreetbets” Reddit chat room, where retail investors marshal against short sellers, went private on Wednesday evening, limiting access to outsiders. “You must be invited to visit this community,” the page now states. The forum’s members topped three million as of Wednesday. The community gathered an … Read more

Janet Yellen gets Senate confirmation as first woman to lead the Treasury Department

Janet Yellen cleared her final hurdle Monday on her historic path to secretary of the Treasury Department, gaining overwhelming Senate confirmation for the key economic position. The 84-15 vote made Yellen the first female to the lead the department, a feat she matched as chair of the Federal Reserve. After a mostly cordial hearing before … Read more

Stock futures rise ahead of the busiest week of earnings

U.S. stock index futures were modestly higher in overnight trading on Sunday, as Wall Street prepares for the busiest week of earnings, which will include reports from some of the largest tech companies. Futures contracts tied to the Dow Jones Industrial Average gained 56 points, indicating a 73-point jump at the open. S&P 500 futures … Read more

Bank of America is giving $750 cash bonuses to lower-paid employees, restricted stock to others

Brian Moynihan, CEO of Bank of America, at the Goldman Sachs U.S. Financial Services Conference on December 4, 2018. Michael Newberg | CNBC Bank of America CEO Brian Moynihan is awarding nearly all of his 212,505 employees a bonus for their work during the coronavirus pandemic. Staffers in the U.S. who earn $100,000 or less … Read more

Stocks making the biggest moves in the premarket: IBM, Sierra Wireless, Intuitive Surgical & more

Take a look at some of the biggest movers in the premarket: IBM (IBM) – IBM reported quarterly profit of $2.07 per share, beating the $1.79 a share consensus estimate. Revenue missed Wall Street forecasts, however, as software sales posted a decline as pandemic-induced uncertainty kept some customers from striking long-term deals. The shares dropped … Read more

Stock futures tick lower as markets look to end record-setting week

John Nacion | NurPhoto | Getty Images Contracts tied to the major U.S. stock indexes held around the flatline Thursday evening as Wall Street appeared headed to close out the record-setting week on a muted note. Dow futures lost 27 points while S&P 500 futures ticked slightly higher. Nasdaq-100 futures fell 5 points, or less … Read more

Stocks making the biggest moves after hours: IBM, Seagate, Ford & more

Pedestrians walk in front of the IBM building in New York. Scott Mlyn | CNBC Check out the companies making headlines after the bell: IBM — Shares of IBM fell more than 6% in the extended session after the company reported fourth-quarter sales below where analysts were expecting. Revenue fell 6% on an annualized basis, the … Read more

Stock futures rise slightly in overnight trading ahead of Biden’s inauguration

Stock futures inched higher in overnight trading on Tuesday as investors awaited President-elect Joe Biden’s inauguration. Futures on the Dow Jones Industrial Average rose 75 points. S&P 500 futures gained 0.3% and Nasdaq 100 futures climbed 0.5%. Netflix soared more than 10% in extended trading after the company reported strong subscriber growth and said it’s … Read more

Goldman Sachs earnings are out — here are the numbers

David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galacia | CNBC Goldman Sachs reported fourth-quarter earnings before the opening bell on Tuesday. Here are the numbers: Earnings: $12.08 a share, vs. $7.47 per share expected, according to Refinitiv.Revenue: $11.74 billion, vs. $9.9 billion estimate. Expectations … Read more