Nordstrom said Tuesday its net sales fell 53% during the second quarter, as its stores took a hit from being temporarily closed during the coronavirus pandemic.
Schlagwort-Archiv: Financial
Bill Gates leads $85 million fundraising for satellite antenna specialist Kymeta to scale production
Satellite antenna builder Kymeta announced Tuesday that it closed a significant new round of fundraising led by Bill Gates.
Stocks making the biggest moves in the premarket: Hormel, Medtronic, Best Buy, Exxon & more
The stocks making the biggest moves in premarket trading include Hormel, Medtronic, Best Buy, Exxon, and more.
JPMorgan will have staff cycle between office and remote work in a move that may remake Wall Street
Banks are preparing for more people to return after Labor Day, according to executives at lenders and technology vendors. But workers will hold onto the ability to work remotely.
Even another coronavirus spike in the fall won’t derail Wall Street’s rally, says Jeremy Siegel
„It’s not going to be a serious correction, not anywhere again down near those March lows,“ Wharton professor Jeremy Siegel told CNBC on Tuesday.
S&P 500 ekes out another record, Dow and Nasdaq slip as Apple falls
The S&P 500 rose on Tuesday, hitting another record high after China and the U.S. resumed trade talks.
Jack Ma’s Ant Group files for Hong Kong-Shanghai IPO, says first-half profit rose 1,000%
Ant Group, which is still controlled by Alibaba founder Jack Ma, reported a more than 1,000% jump in profits in the first half of 2020.
Best Buy says online sales in U.S. surged 242% in second quarter, but shares slide as gains may be short-lived
Best Buy is one of the retailers that has benefited from stay-at-home trends during the pandemic, such as working from home and attending school remotely.
Widespread overconfidence is putting investors in a dangerous situation, Invesco’s Kristina Hooper warns
Invesco’s Kristina Hooper is worried overzealous investors are getting swept up in market momentum.
Papa John’s growth streak continues into August as it sees North America same-store sales up more than 24.2%
As consumers flock to carryout and delivery during the pandemic, Papa John’s has extended its growth streak into August.