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New York (CNN Business) The Covid-ravaged American economy was on the verge of slipping into a doubl

The pandemic prompted many small businesses to gain online storefronts for the first time, creating an e-commerce wave that helped website-creation platform Squarespace Inc. accelerate its revenue growth.Now Squarespace will test the resilience of that e-commerce momentum as a public company. Its shares are scheduled to begin trading Wednesday in a direct listing on the New York Stock Exchange under the ticker SQSP.The company offers various tools for website creation, including domains, e-comme

Federal Reserve Chairman Jerome Powell speaks twice to Congress this week as part of mandated semiannual testimony.Normally nonevents for the market, the central bank leader’s comments will be viewed closely this week for how he views this year’s run-up in bond yields.Investors worry that too quick of a rise might force the Fed to tighten policy too quickly, while a complacent Fed also would pose overheating risks.Rising bond yields and accompanying inflation fears are adding a level of drama to

The online bank backed by Alibaba’s fintech giant Ant Group has joined China’s digital yuan pilot programme, it said on Monday, as the Beijing’s expands trials aimed at eventually rolling out the electronic currency for mass use.Ant-backed MYBank said it was one of the parties participating in the research and development on China’s e-currency. It plans to “advance the trial pursuant to the overall arrangement of the People’s Bank of China,” said a bank’s spokesperson.China’s central bank’s digi

‘Much like in Vegas, the house generally wins,” said Vance Barse, a San Diego, California-based financial advisor who runs a company called Your Dedicated Fiduciary.Robo investing has become increasingly ubiquitous on practically every brokerage platform. Until Tuesday, Goldman Sachs GS, -0.91% restricted its robo-advisory service, Marcus, to people who had at least $10 million to invest.Now anyone with at least $1,000 to invest in can access the same trading algorithms that have been used by so

The S&P 500 and the tech-heavy Nasdaq slipped during the week of February 15, after they closed at new records last week. Despite the drop in some of the big tech names such as AppleAAPL, FacebookFB, MicrosoftMSFT, Zoom VideoZM, and countless others this week, the market fundamentals remain relatively strong.Ebbs and flows, as well as pullbacks and corrections are healthy aspects of the market. And they need not be viewed as anything but normal occurrences, especially as strong earnings results

Barclays on Thursday reported a full-year profit of £1.53 billion ($2.11 billion) for 2020, down 38%

Feb 17 (Reuters) - Hong Kong stocks ended higher on Wednesday, marking the seventh straight session