The stocks making the biggest moves in premarket trading include Macy’s, United, FedEx, Boeing, Facebook, and more.
Archiv für den Monat: Juli 2020
Stock market live today: Stocks rise, Pfizer’s vaccine shows promise, new quarter
A conversation about market moving news.
Robin Hood foundation launches new initiative aimed at funding nonprofits run only by people of color
Wes Moore, the CEO of the foundation, told CNBC in an interview that Robin Hood is already dedicating $10 million in seed capital to the fund.
Coronavirus spikes and political risks won’t wreck the new bull market, Tony Dwyer predicts
Canaccord Genuity’s Tony Dwyer sees near-term weakness as a buying opportunity.
Fintech start-up TransferWise is set to launch an investments feature
TransferWise says it has received permission from the U.K.’s Financial Conduct Authority to deal in investments.
Rocky road ahead at Macy’s, potential ‚regional flare-ups,‘ with Covid-19 cases surging in some states
The road to recovery at Macy’s is likely going to be a rocky one because of the coronavirus pandemic. The retailer warned Wednesday that sales are falling again in states such as Texas where Covid-19 cases are on the rise.
Michael Kors owner Capri estimates 70% plunge in first-quarter revenue
Michael Kors owner Capri Holdings on Wednesday estimated a 70% slump in first-quarter sales after the coronavirus hammered luxury sales.
Macy’s reports first-quarter loss but does not expect ‚another full shutdown‘
Macy’s on Wednesday reported a first-quarter loss, in line with the retailer’s previously announced estimates, as its business took a hit from the coronavirus pandemic.
FedEx shares jump over 9% as quarterly results top expectations
Shares of FedEx jumped 9.4% in extended trading on Tuesday after a surge in pandemic-fueled home deliveries helped the U.S. package carrier post better-than-expected quarterly profit and revenue.
U.S. market is ’smoking dope on earnings‘ and investors are likely to be disappointed, economist says
Investors should stay bearish on U.S. stocks until the full extent of the economic damage caused by the coronavirus pandemic is known, according to TS Lombard.