Mnuchin’s decision to allow several of the Fed’s emergency lending programs to expire will reduce the central bank’s ability to backstop the financial system.
Schlagwort-Archiv: Markets
Sonos stock rallies a day after earnings beat, reaches 52-week high
The speaker maker reported strong fiscal fourth-quarter earnings and fiscal-year revenue guidance that beat expectations.
Stocks making the biggest moves in the premarket: Macy’s, L Brands, Sonos, Jack In The Box & more
The stocks making the biggest moves in premarket trading include Macy’s, L Brands, Sonos, Jack In The Box, and more.
UK watchdog warns fintech start-up hyped by Instagram influencers may be a scam
The U.K.’s Financial Conduct Authority said Wednesday that fintech firm Lanistar has been providing financial services without its authorization.
Chinese streaming and mobile gaming company releases rap video with quarterly results
One of the most popular video and gaming apps among China’s youth, Bilibili, released a rap music video alongside its quarterly earnings report on Thursday.
Market ‘tug-of-war’ with Covid-19 may limit downside, $7.2B money manager says
RiverFront Investment’s Kevin Nicholson believes the S&P 500 will trade in a tight trading range through December.
Xi says China won’t seek to ‚decouple,‘ pledges to cut tariffs
Chinese President Xi Jinping signaled Thursday the world’s second largest economy will continue to work with other countries, including the U.S.
Nvidia beats on both earnings and revenue, sales up 57%
Analysts had been expecting a big quarter from the Santa Clara chipmaker driven by sales of its graphics processing unit chips.
Macy’s shares fall as same-store sales drop more than 20%
Macy’s reported a same-store sales decline of more than 20%, as consumers cut back their spending on clothes and accessories at department stores.
Sonos soars after strong fiscal-year revenue forecast
In the fiscal fourth quarter, which ended on October 3, Sonos‘ revenue grew 16%, although the quarter was 14 weeks long.