NEWS

CNBC

• Delta posts nearly $1.2 billion quarterly loss, expects to break even in June as bookings improve April 15, 2021
  Delta says bookings have improved over the past several months and expects to break even by June.
• Retail sales explode in March as consumers use stimulus checks to spend heavily April 15, 2021
  Retail sales were expected to rise 6.1% in March, according to economists surveyed by Dow Jones.
• Jeff Bezos says Amazon needs to do a better job for employees in final shareholder letter April 15, 2021
  Bezos is set to step down as Amazon CEO in the third quarter.
• Biden administration slaps new sanctions on Russia for cyberattacks, election interference April 15, 2021
  The U.S. imposed a raft of new sanctions against Moscow on Thursday over alleged election interference and cyberattacks.
• Stocks making the biggest moves in the premarket: Bank of America, Coinbase, Dell and more April 15, 2021
  Check out the stocks making headlines on Wall Street on Thursday morning.
• NBA stars John Wall, Carmelo Anthony invest in cannabis company LEUNE April 15, 2021
  The California-based company raised approximately $5 million in a funding round that includes NBA power agent Rich Paul.
• BlackRock's Larry Fink says institutional clients fascinated by crypto but not that interested April 15, 2021
  BlackRock's institutional clients are more concerned about climate change and inflation than cryptocurrencies, CEO Larry Fink told CNBC.
• 5 things to know before the stock market opens Thursday April 15, 2021
  U.S. stock futures rose Thursday after better-than-expected earnings results.
• Citigroup beats estimates on reserve release, says it is exiting 13 retail markets outside the US April 15, 2021
  Fraser, reporting results for the first time at the helm of the country's third-biggest bank, wasted no time making changes to the firm's sprawling operations.
• Wall Street spent $2.9 billion to influence Washington during 2020 election April 15, 2021
  Wall Street invested at least $2.9 billion to influence Washington during the 2020 election cycle.
• ‘Worries me a lot’ that investors are wildly ignoring China risks, Asia expert Stephen Roach says April 15, 2021
  As Wall Street focuses on earnings season, former Morgan Stanley Asia Chairman Stephen Roach sees danger lurking abroad.
• Tech industry group funded by Amazon, Facebook and Google says it supports a corporate tax hike April 15, 2021
  The group's support doesn't reflect each company's views on the tax plan, but it sends a signal that the tech industry is open to higher tax rates.
• Merck ends development of Covid drug it acquired from OncoImmune April 15, 2021
  Merck announced Thursday it will end the development of its experimental drug for patients hospitalized with severe Covid-19.
• Coinbase climbs 7% in premarket trading after landmark Nasdaq debut April 15, 2021
  Coinbase shares surged in premarket trading on Thursday, a day after the cryptocurrency exchange went public in a blockbuster direct listing.
• Bank of America tops estimates on Wall Street trading and banking, release of loan-loss reserves April 15, 2021
  Bank of America joined rivals in posting a quarterly boost from an improving credit outlook.
• PepsiCo revenue rises 6.8% despite unbalanced economic recovery outside of the U.S. April 15, 2021
  PepsiCo on Thursday reported quarterly earnings that topped analyst estimates as consumers maintained their pandemic snacking habits.
• JPMorgan pledges $2.5 trillion over the next decade toward climate change April 15, 2021
  JPMorgan will invest trillions over the next decade in long-term solutions tackling climate action and social equality.
• Target is testing a new approach to get packages to customers' doors even faster April 15, 2021
  The retailer is trying to make its e-commerce business more profitable and fend off larger and sometimes speedier e-commerce rivals like Amazon and Walmart.
• China could be one step closer to scrapping its controversial childbirth limits April 15, 2021
  Researchers from China's central bank released a working paper that marks the latest signal Beijing could soon cancel its restrictions as a way to "encourage childbirth."
• Credit Suisse picks EV and energy stocks for a piece of the $2 trillion infrastructure plan April 15, 2021
  Credit Suisse analysts chose key EV-related stocks plus other energy companies that play into Biden's agenda.