All but five of the 50 Republicans in the US Senate backed Donald Trump in a key vote on Tuesday, suggesting the former president is unlikely to be convicted for inciting the violent insurrection on Capitol Hill. Forty-five Republicans, including Senate minority leader Mitch McConnell, voted in favour of the “point of order” put forward
Just one day after Joe Biden was sworn in as the 46th US president, Marjorie Taylor Greene, a newly elected Republican congresswoman from Georgia, filed articles of impeachment against him. It was the kind of publicity stunt that Ms Greene, a supporter of far-right conspiracy QAnon, has become known for since she entered the political
Russia’s president Vladimir Putin could not have written it better himself. “There is a call from some oppositionists for nationwide street demonstrations tomorrow that almost certainly will not be authorised,” the email stated. “Please make sure you stay away from public areas of gathering around 2pm tomorrow and please refrain entirely from making related posts
This article is part of the FT’s Runaway Markets series GameStop’s rocket-fuelled trading this month, which has taken the stock’s 2021 gains above 1,000 per cent, is a vivid example of how a new army of day traders have “weaponised” financial derivatives to their advantage. During pre-market trading on Wednesday, the game retailer’s stock catapulted
Joe Biden will order a suspension of new federal leasing for fossil fuel development and review how permits and leases were handed out under the Trump administration, in a series of executive actions aimed at sparking a clean energy revolution in the US. In an executive order to be signed on Wednesday, Mr Biden directs
Melvin Capital has exited its bet against GameStop, having lost billions of dollars after a battle with amateur traders who pushed up the share price of the game retailer and other companies it had bet against. The hedge fund’s exit from the heavily traded stock, after it sustained significant losses, marks a triumph for retail traders
The IMF has warned that emerging markets’ limited access to Covid-19 vaccines poses a risk to global financial stability, saying shortages could exert a drag on economic recoveries in low-income countries. “Inequitable distribution of vaccines risks exacerbating financial vulnerabilities, especially for frontier market economies,” the IMF wrote in its latest global financial stability update. Emerging market assets have
Delphine Strauss in London It would cost about £1bn a quarter, a hundredth of the total spent on income support schemes since the start of the pandemic, to extend help to more than 1.5m of those excluded from the UK government’s scheme for self-employed workers. About 1.8m of the self-employed and 700,000 company owner managers
Among the many challenges facing Donald Trump in his post-presidential life — from reviving a sputtering business empire to fending off impeachment and restoring lustre to his brand — the most grave may be Cyrus Vance. Mr Vance, the Manhattan district attorney, is pursuing what is the only known criminal investigation into Mr Trump and
The EU says AstraZeneca is contractually obliged to supply coronavirus vaccines from its UK plants to meet delivery pledges to the European bloc, a claim that could unleash potentially explosive post-Brexit political tensions. Brussels also called on the multinational to agree to publish the jab supply contract between the two, in a further escalation of
Ramin Talaie | Bloomberg | Getty Images GameStop is popping again after a wild session, pushing the stock back above $100 briefly, but short sellers betting against the videogame retailer are nowhere near letting up. Shares of GameStop last jumped more than 20% to around $92 in premarket trading on Tuesday after hitting triple digits
The world’s largest asset manager is pushing companies to disclose how they will survive in a world of net-zero greenhouse gas emissions. “Because better sustainability disclosures are in companies’ as well as investors’ own interests, I urge companies to move quickly to issue them rather than waiting for regulators to impose them,” BlackRock CEO Larry
Jeff Bezos and Elon Musk Getty Images The two richest men on the planet are sparring in front of federal regulators over the massive satellite internet projects their companies are developing. SpaceX CEO Elon Musk took to Twitter on Tuesday, as his company works to convince officials of the Federal Communications Commission that it should
The stock market’s rally during spiking Covid cases, which could threaten the U.S. economy’s recovery, may be justified by strong earnings from struggling American industrial companies, CNBC’s Jim Cramer said Tuesday. “These are astounding numbers,” Cramer said on “Squawk on the Street,” referring to quarterly results from General Electric and Raytheon. “It makes you feel
SpaceX’s Crew Dragon Endeavour seen docked with the International Space Station on July 1, 2020. NASA A pair of investors are joining the first fully-private flight to the International Space Station — not as financial backers, but as the passengers flying along. Houston-based start-up Axiom Space on Tuesday unveiled that real estate investor Larry Connor
Vlad Tenev, CEO of Robinhood Source: Robinhood I was born behind the Iron Curtain. For people in my native Bulgaria managing money was a simple proposition with just two options — keeping savings in the state bank or stashing it under a mattress. Investing, of course, was off the table, as was accessing a line
JPMorgan Chase & Co. signage is illuminated at night at a bank branch in Chicago, Illinois, U.S., on Tuesday, July 10, 2017. JPMorgan Chase & Co. is scheduled to release earnings figures on July 13. Photographer: Christopher Dilts/Bloomberg via Getty Images JPMorgan Chase is taking a page from the digital disruptors. The biggest U.S. bank
Traders on floor of the New York Stock Exchange. Source: New York Stock Exchange With the inauguration — and the risk of disruption — now over, what’s next for markets? The S&P 500 has risen 15% since the election to historic highs on a series of macroeconomic hopes that have driven sentiment, technical levels, and
Traders work on the floor of the NYSE. NYSE Stock trading volumes are through the roof. It’s not just equity prices that are hitting new highs in 2021. Trading volumes for stocks and options are at records as well. “For trading volumes, the new year starts at a consistent, unprecedented strong & record pace,” according to
Traders work on the floor of the NYSE. NYSE Short sellers on the ropes — or are they? Short sellers clearly have picked the wrong names in January. The GameStop phenomenon — where buyers deliberately target heavily shorted stocks — is only the most recent development in a long series of failures from short sellers.
Traders work on the floor of the NYSE. NYSE Stimulus euphoria may be waning, but investors will have plenty to focus on in the week ahead, as a blast of earnings news hits, the Federal Reserve meets and new data will show the state of the economy at the end of the year. Stocks gained
Take a look at some of the biggest movers in the premarket: GameStop (GME) – GameStop shares surged 40% in premarket trading, continuing its meteoric recent rise. The video game retailer’s stock is worth about 3-1/2 times more than it was when 2021 began, amid a battle between GameStop enthusiasts and short sellers. GameStop is
A visitor in front of the Wall Street Bull, a bronze sculpture in the Financial District of Manhattan New York, May 19, 2020. Timothy A. Clary | AFP | Getty Images Speculative trading in some high momentum stocks and options could be signaling a near-term top, but the bull market is likely to run on
Take a look at some of the biggest movers in the premarket: American Express (AXP) – The financial services giant reported fourth-quarter earnings of $1.76 per share, compared to a consensus estimate of $1.31 a share. Revenue matched Wall Street forecasts. Amex suffered a slump in travel and entertainment spending, although a jump in online
A General Electric (GE) sign is seen at the second China International Import Expo (CIIE) in Shanghai, China November 6, 2019. Aly Song | Reuters Check out the companies making headlines in midday trading. General Electric — Shares rose nearly 4% after General Electric’s industrial free cash flow came in better than expected for the
Satya Nadella, chief executive officer of Microsoft Corp., speaks during the company’s annual shareholders meeting in Bellevue, Washington, on Nov. 29, 2017. David Ryder | Bloomberg | Getty Images Check out the companies making headlines after the bell: Microsoft — Shares of the software giant popped more than 5% in after-hours trading after the company
Take a look at some of the biggest movers in the premarket: Boeing (BA) – Boeing reported a quarterly loss of $15.25 per share, which included $8.3 billion in charges relating to the 737 Max and a delay in the 777-X program, among other factors. Boeing’s revenue came in above Wall Street forecasts. Separately, EU
HUD-approved housing counselors can discuss options with homeowners who are having trouble paying … [+] their mortgage. getty The Federal Housing Administration announced Tuesday that it will carry out the Biden Administration’s request to extend the deadline for financially stressed borrowers with FHA-insured mortgages to request and receive mortgage payment forbearance from their mortgage servicer. The new
Best selling author and national speaker. Created the Profitable Landlord System, and How to Invest in Real Estate using your IRA. Getty Have you ever wondered how you can attract more business, add value to your client base and get your name out as an expert in a given field? Well, you might consider penning a
Tim Curran is the CEO of Building Engines, the modern building operations platform for commercial real estate. getty As the pandemic continues, CRE owners and operators are searching for ways to ensure the well-being of tenants and workers alike while also sustaining business continuity amid disruption. Conveniently, the CRE industry currently stands at the pinnacle of
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