Key PointsU.S. banking regulators are about to ease restrictions created in the aftermath of the Great Recession, a development that sent bank stocks surging Thursday.Federal Deposit Insurance Commission officials said on a call that they are loosening the restrictions from the Volcker Rule, allowing banks to more easily make large investments into venture capital and similar funds.The banks will also be able avoid setting aside cash for derivatives trades between different units of the same firm, potentially freeing up billions of dollars in capital for the industry.Shares of big banks...…Key PointsU.S. banking regulators are about to ease restrictions created in the aftermath of the Great Recession, a development that sent bank stocks surging Thursday.Federal Deposit Insurance Commission officials said on a call that they are loosening the restrictions from the Volcker Rule, allowing banks to more easily make large investments into venture capital and similar funds.The banks will also be able avoid setting aside cash for derivatives trades between different units of the same firm, potentially freeing up billions of dollars in capital for the industry.Shares of big banks...WW…

In this articleHedge fund manager David Einhorn warned of dangers for retail investors that he sees in the market, and one of his main examples was a tiny New Jersey deli with a market capitalization of more than $100 million.The Paulsboro, New Jersey-based Your Hometown Deli is the sole location for , which has an eye-popping market value despite totaling $35,748 in sales in the last two years combined, according to securities filings."Someone pointed us to Hometown International (HWIN), which owns a single deli in rural New Jersey ... HWIN reached a market cap of $113 million on February...…In this articleHedge fund manager David Einhorn warned of dangers for retail investors that he sees in the market, and one of his main examples was a tiny New Jersey deli with a market capitalization of more than $100 million.The Paulsboro, New Jersey-based Your Hometown Deli is the sole location for , which has an eye-popping market value despite totaling $35,748 in sales in the last two years combined, according to securities filings."Someone pointed us to Hometown International (HWIN), which owns a single deli in rural New Jersey ... HWIN reached a market cap of $113 million on February...WW…

Key PointsThe story added another wild chapter on Wednesday as the retailer's stock popped 40% before quickly falling back to earth. The move appeared to be on no new headlines.The stock rose as high as $348.50 per share on Wednesday, topping its record closing high from Jan. 27. The shares were then paused for volatility by the exchange. However, the shares lost all of those gains in a rapid decline around 12:30 p.m. ET.The shares were halted down 12% at just under $200 per share. The stock bounced around after trading resumed and closed up 7.3%.The stock, which rose dramatically in...…Key PointsThe story added another wild chapter on Wednesday as the retailer's stock popped 40% before quickly falling back to earth. The move appeared to be on no new headlines.The stock rose as high as $348.50 per share on Wednesday, topping its record closing high from Jan. 27. The shares were then paused for volatility by the exchange. However, the shares lost all of those gains in a rapid decline around 12:30 p.m. ET.The shares were halted down 12% at just under $200 per share. The stock bounced around after trading resumed and closed up 7.3%.The stock, which rose dramatically in...WW…

Key PointsU.S. Treasury yields struggled to find a direction on Tuesday after Fed Chair Jerome Powell indicated that the central bank was not moving toward changing its dovish policy stance.The yield on the benchmark fell to 1.353%, while the yield on the climbed to 2.19%. Yields move inversely to prices.5 hours agoPowell began his hearing with Senators at 10 a.m. ET. While the semiannual testimonies are normally nonevents for the market, will likely be closely watched for how he views the recent run-up in bond yields and for any comments on inflation.The Fed chief said in that ""The...…Key PointsU.S. Treasury yields struggled to find a direction on Tuesday after Fed Chair Jerome Powell indicated that the central bank was not moving toward changing its dovish policy stance.The yield on the benchmark fell to 1.353%, while the yield on the climbed to 2.19%. Yields move inversely to prices.5 hours agoPowell began his hearing with Senators at 10 a.m. ET. While the semiannual testimonies are normally nonevents for the market, will likely be closely watched for how he views the recent run-up in bond yields and for any comments on inflation.The Fed chief said in that ""The...WW…

Key PointsBillionaire investor Chamath Palihapitiya on GameStop surge and rise of retail investorsShares of surged again Wednesday, continuing the streak of wild swings for the stock as several high-profile short sellers said they had backed away from their positions.The name closed at roughly $348 per share, up almost 135% from Tuesday's close and giving the company a market cap of about $24 billion. The stock traded as high as $380 per share during the session. The latest move higher comes as some of the high-profile short sellers of GameStop, , announced that they covered most or all of...…Key PointsBillionaire investor Chamath Palihapitiya on GameStop surge and rise of retail investorsShares of surged again Wednesday, continuing the streak of wild swings for the stock as several high-profile short sellers said they had backed away from their positions.The name closed at roughly $348 per share, up almost 135% from Tuesday's close and giving the company a market cap of about $24 billion. The stock traded as high as $380 per share during the session. The latest move higher comes as some of the high-profile short sellers of GameStop, , announced that they covered most or all of...WW…

Key PointsIn this articleNYSE will delist three big China telecom companies, reversing decision againThe New York Stock Exchange will delist three Chinese telecommunication giants after all, saying its second reversal in two days came after new guidance from the Treasury Department.The NYSE announced on Thursday it will remove U.S.-traded shares of , and from the Big Board to comply with an The order sought to bar American companies and individuals from investing in firms that the administration alleged aid the Chinese military.The exchange reversed that decision on Monday, causing...…Key PointsIn this articleNYSE will delist three big China telecom companies, reversing decision againThe New York Stock Exchange will delist three Chinese telecommunication giants after all, saying its second reversal in two days came after new guidance from the Treasury Department.The NYSE announced on Thursday it will remove U.S.-traded shares of , and from the Big Board to comply with an The order sought to bar American companies and individuals from investing in firms that the administration alleged aid the Chinese military.The exchange reversed that decision on Monday, causing...WW…

Business News and FinanceVIEW IN APPIn this articlePharmacy stocks fell sharply on Tuesday after Amazon , which includes online ordering and delivery for prescription drugs.Dow Jones Industrial Average member dropped 9.6% on Tuesday. Health shares lost 8.6%. Shares of fell 16.3%, while stock declined 22.5%.Amazon Pharmacy is available in 45 states and accepts most forms of insurance. Amazon Prime members can also receive discounts on generic and name-brand drugs when paying without insurance, the company said.Amazon has been building its pharmacy offerings for several years,...…Business News and FinanceVIEW IN APPIn this articlePharmacy stocks fell sharply on Tuesday after Amazon , which includes online ordering and delivery for prescription drugs.Dow Jones Industrial Average member dropped 9.6% on Tuesday. Health shares lost 8.6%. Shares of fell 16.3%, while stock declined 22.5%.Amazon Pharmacy is available in 45 states and accepts most forms of insurance. Amazon Prime members can also receive discounts on generic and name-brand drugs when paying without insurance, the company said.Amazon has been building its pharmacy offerings for several years,...WW…

In this articleWall Street will look to recover from Wednesday's massive sell-off, clawing back some of their losses from the previous session, as shares of major tech companies advanced ahead of their quarterly earnings reports. Sentiment also got a lift from better-than-expected economic data.The climbed 1.2% to 3,310.11 and the advanced 1.6% to 11,185.59. The closed 139.16 points higher, or 0.5%, at 26,659.11. Thursday marked the first daily gain for the Dow in five days. The S&P 500 snapped a three-day slide. Shares of Amazon and Apple rose 1.5% and 3.7%, respectively. Alphabet...…In this articleWall Street will look to recover from Wednesday's massive sell-off, clawing back some of their losses from the previous session, as shares of major tech companies advanced ahead of their quarterly earnings reports. Sentiment also got a lift from better-than-expected economic data.The climbed 1.2% to 3,310.11 and the advanced 1.6% to 11,185.59. The closed 139.16 points higher, or 0.5%, at 26,659.11. Thursday marked the first daily gain for the Dow in five days. The S&P 500 snapped a three-day slide. Shares of Amazon and Apple rose 1.5% and 3.7%, respectively. Alphabet...WW…

Key PointsMicrosoft co-founder and global health philanthropist Bill Gates criticized the current state of the United States' response to the Covid-19 pandemic on Sunday, including slow turnaround times for tests.Gates told "Fox News Sunday" that the access to fast testing is still inadequate more than six months into the pandemic and that the U.S. was set up for a rough fall of virus cases. "Even today, people don't get their results in 24 hours. It's outrageous that we still have that," Gates said.The United States has suffered more than 6.7 million confirmed cases of Covid-19,...…Key PointsMicrosoft co-founder and global health philanthropist Bill Gates criticized the current state of the United States' response to the Covid-19 pandemic on Sunday, including slow turnaround times for tests.Gates told "Fox News Sunday" that the access to fast testing is still inadequate more than six months into the pandemic and that the U.S. was set up for a rough fall of virus cases. "Even today, people don't get their results in 24 hours. It's outrageous that we still have that," Gates said.The United States has suffered more than 6.7 million confirmed cases of Covid-19,...WW…

Key PointsThe dominance of major U.S. tech stocks in recent years has pushed the sector past another milestone as it is now more valuable than the entire European stock market, according to Bank of America Global Research.The firm said in a note that this is the first time the market cap of the U.S. tech sector, at $9.1 trillion, exceeds Europe, which including the U.K. and Switzerland is now at $8.9 trillion. For reference, the firm said that in 2007, Europe was four times the size of U.S. technology stocks.CNBC Tech Check Evening Edition: August 28, 2020Tech pulling ahead of the European...…Key PointsThe dominance of major U.S. tech stocks in recent years has pushed the sector past another milestone as it is now more valuable than the entire European stock market, according to Bank of America Global Research.The firm said in a note that this is the first time the market cap of the U.S. tech sector, at $9.1 trillion, exceeds Europe, which including the U.K. and Switzerland is now at $8.9 trillion. For reference, the firm said that in 2007, Europe was four times the size of U.S. technology stocks.CNBC Tech Check Evening Edition: August 28, 2020Tech pulling ahead of the European...WW…