Gene Giannotta

Gene Giannotta is a writer based in Washington, D.C. He reports on economic policy, finance and business news.

  • Chase Cardless ATM

    Chase Will Soon Let You Use Its ATMs Without A Card

    JPMorgan Chase will soon be rolling out a new card-less ATM system, allowing customers to withdraw cash from the bank’s automatic teller machines without the use of a debit card. The change will involve upgrades to existing ATMs and new machines with the card-less technology. Customers will be able to use their Chase smartphone apps […]

  • Consumer confidence up

    U.S. Consumer Confidence Hits 3-Month High

    U.S. consumer confidence rose in January to its highest point in three months, according to a new measure by the Conference Board. The Consumer Confidence index increased to 98.1, higher than expected and almost two points above December’s number. “Consumers’ assessment of current conditions held steady, while their expectations for the next six months improved […]

  • China Market Sell-Off

    China Sell-Off Sees Markets Close At Lowest Point Since 2014

    China’s markets dipped again Tuesday as fears over falling oil prices drove shares to their lowest points since 2014. China’s benchmark Shanghai Composite Index closed down 6.4 percent to 2749.79 while the CSI300 index of major Shanghai and Shenzhen firms closed at 2940.51, down 6 percent. Both are 14-month lows for the indexes, which haven’t […]

  • Supreme Court Energy Rules FERC

    Supreme Court Backs Obama Administration Energy Conservation Rules

    The Supreme Court ruled against energy companies on Monday, upholding an Obama administration regulatory approach to conserving electricity. In a 6-2 ruling, the Court said that the Federal Regulatory Commission was well within its authority when it adopted “demand response” regulations that forced energy producers to pay consumers who used less electricity at certain peak […]

  • Oil Prices Fall

    Oil Prices Fall Again, Taking U.S. Shares Along For The Drop

    Global markets bounced back slightly after sharp drops last week, but still-falling oil prices kept investors uncertain about the future. Benchmark Brent crude fell $1.85 to $30.34 a barrel, a 5.75 percent drop from Friday’s close. It had fallen to a 12-year low last week, hitting $27.10 on Wednesday before recovering on Thursday and Friday. […]

  • Existing Home Sales

    U.S. Existing Home Sales Were Up In December, Finishing Strong 2015

    Existing home sales in the United States rebounded to end the year on a positive note in December, up 14.7 percent from November. That made 2015 the best year for sales of already built single-family homes, townhouse and condominiums since 2006. According to the National Association of Realtors, existing home sales were up to an annualized […]

  • Target Mobile Wallet

    Target might challenge Apple Pay with own mobile wallet in 2016

    Target is planning to enter the mobile wallet space, according to a Reuters report. Multiple sources told the news service that the retailer is readying an app that would allow customers to pay via mobile device. That would position Target Corp. as a competitor to Apple, Google and Samsung, who each have their own mobile […]

  • Disney Stock

    The Force Is Not With Disney Stock, Despite ‘Star Wars’ Records

    Star Wars: The Force Awakens took its long-awaited box office bow last night, and the early indications are that fans are piling into theaters in droves to see the latest adventures of a galaxy far, far away. But not everybody at Disney might be celebrating. Shares of the company’s stock are trading down 4% on […]

  • Star Wars: The Force Awakens Box Office

    ‘Star Wars: The Force Awakens’ On Track To Shatter Box Office Records

    Disney’s Star Wars: The Force Awakens is on pace for a record-breaking opening weekend after blowing past the preview night mark set by Harry Potter and the Deathly Hallows Part 2 with an estimated $57 million. Because Thursday screenings, known in the industry as “previews,” are included in the Friday box office figures, the new […]

  • Apple Shares Down

    Apple Names New COO As Shares Down On Lowered Expectations

    Apple stock has been a profitable investment for years, but its ever-higher growth rate might finally be slowing down. Shares of the Cupertino, Calif.-based technology firm closed at $108.98 on Thursday, down 2.12%. Analyst expectations of weaker 2016 demand for Apple’s flagship iPhone devices have helped push share prices lower this week, part of a recent […]

  • Martin Shkreli Arrested

    Controversial Pharma Boss Martin Shkreli Arrested For Securities Fraud

    Turing Pharmaceuticals chief Martin Shkreli was arrested in his Manhattan home Thursday for alleged securities fraud, following a federal investigation into his past dealings as a hedge fund manager. The charges are unrelated to the recent controversy over the 32-year-old Shkreli’s pricing practices at Turing, which included severely marking up the price of 62-year-old drug […]