Finance

Still, large employers are pushing for new models to reign in health costs and improve care. Amazon, Berkshire Hathaway and J.P. Morgan have joined together to create a firm, which will try to reduce costs and improve care for their combined workforces of 1 million people. Three years ago, when four of the major health
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Issuance of securities backed by riskier US mortgages roughly doubled in the first quarter from a year earlier, as investors lapped up assets blamed for bringing the global financial system to the brink of collapse a decade ago. Home loans to people with scratches and dents in their credit histories dwindled to almost nothing in
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Bitcoin dropped Thursday, bringing losses for the week so far to about 17 percent. The largest digital currency by market capitalization fell 7.6 percent to a low of $7,331.52 before recovering to near $7,400, according to CoinDesk’s bitcoin price index. That brought the quarter-to-date decline to more than 45 percent. Ethereum, the second-largest cryptocurrency by
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Nearly 150 professional investors are “strongly urging” gun makers, retailers and distributors and the companies that finance the gun industry to take action in response to gun violence. The group includes dozens of faith-based organizations and U.S. and European asset management firms, many of them active in promoting social and environmental causes, collectively with $634
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The “Fast Money” traders shared their first moves for the market open. Pete Najarian was a buyer of Microsoft. Tim Seymour was a buyer of Altria. Steve Grasso was a buyer of Twitter. Guy Adami was a buyer of Pfizer. Trader disclosure: On March 28, 2018, the following stocks and commodities mentioned or intended to
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Futures trading giant CME Group has reached a deal to buy U.K.-based trading firm NEX Group for £3.9 million ($5.49 billion). CME will acquire London-based NEX in a transaction valued at £10 ($14) per share, consisting of £5 in cash and 0.0444 CME Group shares, based on CME’s closing share price of $158.84 on Wednesday,
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Check out the companies making headlines after the bell: PVH stock rose 3 percent after hours. The apparel company reported earnings per share and revenues that beat analyst expectations. Guidance for the upcoming year is quite strong, as the company predicts sizable increases in sales. The CEO attributes the strong momentum to its Tommy Hilfiger
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Check out the companies making headlines after the bell: Lululemon Athletica stock surged more than 6 percent post-market after the athleisure retailer reported impressive fourth-quarter earnings. Earnings per share beat Wall Street estimates by 6 cents and revenues beat by 17 million. Same-store and direct-to-consumer sales both exceeded expectations and guidance for the upcoming quarter
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Bate has warned previously of dangers ahead in the market. In January, the Allianz chief told CNBC it was “absolutely clear” that a correction in the markets would happen. Several weeks after his comments, in early February, stock markets stateside fell more than 10 percent from recent record highs, with major U.S. and global stock
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In November, China said it will lift the ceiling on foreign equity ownership in joint-venture firms involved in the futures, securities and funds markets to 51 percent from 49 percent, adding that all ownership limits in many financial sectors will be dismantled after three years. But raising the ownership limits does not mean that there
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