WASHINGTON — A nomination hearing for President Joe Biden's pick to be comptroller of the currency, Saule Omarova, turned fiery on Thursday as Democrats and Republicans took jabs at each other over the candidate's unconventional academic works and her upbringing in the Soviet Union.Omarova's nomination to be one of the country's top bank regulators is uncertain given fierce opposition...
BRUSSELS — Belgium is toughening up social restrictions as Covid-19 cases surge, but Prime Minister Alexander de Croo tells CNBC the aim is still to keep society open."It's not the same virus anymore. This is a mutation of the virus, which is much more infectious," the Belgian prime minister said in an exclusive interview Tuesday.However, he added: "Our goal...
U.S. stock futures were flat in overnight trading after the major averages pulled back, albeit close to records, on Wednesday.Dow futures fell just 20 points. S&P 500 futures gained 0.05% and Nasdaq 100 futures rose 0.14%.Nvidia shares popped in extended trading after beating on the top and bottom lines of its quarterly results. Cisco Systems' stock went the other...
A Rivian R1T electric pickup truck during the company's IPO outside the Nasdaq MarketSite in New York, on Wednesday, Nov. 10, 2021.Bing Guan | Bloomberg | Getty Images(Click here to subscribe to the new Delivering Alpha newsletter.)Rivian's blockbuster initial public offering last week pushed the total exit value for U.S. public-market listings this year beyond an unprecedented $1 trillion marker, a...
The U.S. and China flags stand behind a microphone at the U.S. Embassy in Beijing on April 9, 2009.Frederic J. Brown | AFP | Getty ImagesThe U.S. and China have just emerged from a high-profile meeting between their two leaders, striking a positive tone about their relationship going forward — but one big question remains unanswered, said an analyst."The...
Antitrust attorney Jonathan Kanter testifies before the Senate Judiciary Committee October 6, 2021 in Washington, DC.Win McNamee | Getty ImagesThe Senate voted 68-29 on Tuesday to confirm Jonathan Kanter as Assistant Attorney General of the Department of Justice's Antitrust Division.Progressives cheered President Joe Biden's decision to nominate Kanter, completing the trifecta of antitrust reformers whose names are printed on...
As iconic companies including GE and Johnson & Johnson pursue breakup plans, the "sum of the parts if greater than the whole" argument is getting a new workout from the market.nicodemos | E+ | Getty ImagesEverywhere you look in the market, across sectors, iconic companies are under pressure from activists to split up, or are making the decision to...
Soldiers of the People's Liberation Army honor guard perform the flag-raising ceremony at Tiananmen Square on New Year's Day on January 1, 2021 in Beijing, China.Visual China Group | Getty ImagesTwo Chinese state firms took control of an Italian military drone maker more than three years ago via an offshore company — without the knowledge of authorities in Italy...
U.S. stock index futures were unchanged in overnight trading Monday, after the major averages started the week with muted moves as investors digested a jump in yields.Futures contracts tied to the Dow Jones Industrial Average gained 18 points. S&P 500 futures were up 0.03%, while Nasdaq 100 futures added 0.04%.During regular trading the Dow dipped about 13 points, or...
An EVgo charging station is pictured in the garage at Union Station in Washington on Thursday, April 22, 2021.Caroline Brehman | CQ-Roll Call, Inc. | Getty ImagesShares of electric-vehicle charger EVgo slipped as much as 16.5% on Monday after Credit Suisse downgraded the stock to a neutral rating, saying upside from the congressional infrastructure bill is priced in.