It sure looks like the market is endorsing an economic rebound.
Schlagwort-Archiv: Markets
Stocks making the biggest moves in the premarket: Coca-Cola, Big Lots, Gap, Workday & more
The stocks making the biggest moves in premarket trading include Coca-Cola, Big Lots, Gap, Workday, and more.
Fed’s Mester says recovery will be ‚a slow one‘ and more economic support is needed
The Fed will have to keep supporting the economy as the recovery from the pandemic „is going to be a slow one,“ a top official at the central bank said.
Gap swings to a loss as sales drop 18%, says strong online sales softened the blow from closed stores
Gap Inc. said Thursday its total sales tumbled 18% during the latest quarter, as e-commerce revenue surged 95% from a year ago, but those gains were offset by a 48% drop in store sales during the coronavirus pandemic.
Workday stock surges as earnings top estimates; company promotes Chano Fernandez to co-CEO
Workday will have a dual CEO structure for the first time since one of its co-founders, Dave Duffield, stepped down in 2014.
Abercrombie & Fitch shares are soaring as the retailer reports profit amid online sales boom
„As long as you can reduce fixed costs, this shift to digital can be profitable,“ Abercrombie & Fitch CFO Scott Lipesky said in a phone interview.
NYSE gets approval for cheaper IPO alternative for companies amid SPAC boom
The SEC approved a new type of direct listing where companies can simultaneously go public and raise cash from public market investors.
‚Powell is on the side of the bulls‘ — Cramer calls Fed chief’s speech ‚incredible‘ for investors
CNBC’s Jim Cramer said that Powell basically signaled, „‚Hey guys, just go. Go get the economy back. I am not going to get in the way of it.'“
Klarna, Europe’s $5.5 billion fintech, sees losses rise sevenfold in the first half
Klarna is mostly known for its „buy now, pay later“ scheme that offers shoppers interest-free financing over a period of installments.
Powell announces new Fed approach to inflation that could keep rates lower for longer
The Federal Reserve announced a major policy shift Thursday, saying that it is willing to allow inflation to run hotter than normal in order to support the labor market and broader economy.