Finance

Shares of Chinese after-school operator Tal Education plunged Wednesday after short seller Carson Block compared practices at the company to the financial fraud at Enron. The U.S.-listed shares of Tal briefly dropped more than 15 percent in morning trading. The stock remains more than 90 percent higher over the last …

Cameron Costa | CNBC Larry Merlo, CEO of CVS and Mark Bertolini, CEO of AETNA appear on Squawk Box on Dec. 4th, 2017. Shares of drugstore CVS Health jumped on Wednesday, a day after a U.S. District Court decided to permit AT&T’s bid for Time Warner in what many on …

Zhang Peng | LightRocket | Getty Images Robots dance during a consumer electronics expo at the Beijing China National Convention Center on Jul. 8, 2017 in Beijing, China. Daniel Kahneman, a Nobel Prize winning economist, said Tuesday financial advisors still play a major role in the finance world — despite …

Small business optimism rose in May to its highest in more than 30 years, helped by all-time highs in some key index components, the National Federation of Independent Businesses said Tuesday. Expectations for business expansion and reports of positive earnings trends hit record highs, while expectations for strong increases in …

Mainland Chinese stocks led Asian market gains on Tuesday after the highly anticipated meeting in Singapore of U.S. President Donald Trump and North Korean leader Kim Jong Un. Both signed an agreement that reaffirmed “unwavering commitment to complete denuclearization of the Korean Peninsula.” But the document offered few details. The …

The largest cryptocurrency by market capitalization remains about 50 percent lower for the year so far. Bitcoin three-month performance Source: CoinDesk Other major cryptocurrencies also fell. Ethereum dropped more than 11 percent to near $533, according to CoinDesk. The declines followed a report on Friday from The Wall Street Journal, …

A successful outcome of U.S. talks with North Korea could give a boost to Chinese stocks and a U.S. exchange-traded fund that tracks them, according to a study looking at financial market reactions to past milestones regarding the rogue nation. A disappointing outcome could hurt European stocks, the study showed. …

The “Options Action” traders share three options trading strategies to kick off the week. Carter Worth and Mike Khouw like the Homebuilders and Home Depot. Mike Khouw recommends a call spread risk reversal in AT&T. Dan Nathan recommends a call spread in Philip Morris. Trader disclosure: On June 8, 2018, …

Bitcoin’s plunge below $7,000 to a two-month low indicates the cryptocurrency will have a difficult time recovering, technical strategists say. “The downtrend that began in early May is still intact and will need to be reversed to signal an improvement for BTC,” Robert Sluymer, technical strategist at Fundstrat Global Advisors, …

Timothy Fadek | Bloomberg | Getty Images Customers play skee ball at a Dave & Buster’s Entertainment location in Pelham, New York. Check out the companies making headlines after the bell: Shares of Restoration Hardware climbed more than 20 percent after the bell, after the luxury home furnishings company reported …