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.
Kategorie-Archiv: CNBC Financial News
Wells Fargo says it expects to cut dividend in the third quarter to comply with Fed stress test
The bank said it will likely announce a lower dividend on July 14 when it releases quarterly earnings.
JPMorgan, Bank of America, Citi and Goldman maintain dividends post-stress tests, Wells Fargo to cut
Goldman, Bank of America, Morgan Stanley, and Citigroup all said they will maintain their dividend. Wells Fargo, however, said it will cut.
Stocks making the biggest moves in the premarket: Micron, Conagra Brands, Apple, Xilinx & more
The stocks making the biggest moves in premarket trading include Micron, Conagra Brands, Apple, Xilinx, and more.
Hidden wine cave, $110 million parking bill: Energy collapse wasn’t only thing that sank Chesapeake
The fracking giant’s bankruptcy filing followed an accounting mess at the company that included no budgets, a massive wine collection and a nine-figure bill for parking garages.
Wirecard to resume operations in the UK after regulators lift restrictions
The U.K.’s Financial Conduct Authority had forced Wirecard to halt operations on Friday after its parent company filed for insolvency in Germany.
Stock market live updates: Stocks mixed, best quarter since 1998, Micron jumps
Tuesday’s session marks the last day of June and the second quarter.
Market is entering one of the year’s toughest periods, CFRA’s Sam Stovall warns
CFRA’s Sam Stovall finds the next three months are historically the market’s weakest.
UK expands its coronavirus start-up rescue package to include firms based abroad
The U.K. government has relaxed eligibility criteria for the initiative so that firms participating in accelerator programs can apply.
Micron to shift some chip supply to data centers as cloud powers earnings beat
Micron Technology on Monday forecast current-quarter revenue above Wall Street estimates as home-bound employees and students spur demand for its chips that power notebooks and data centers, sending its shares up 6% in after-market trading.