Shoppers stand in line to enter a Foot Locker Inc. store at the Queens Center shopping mall in the Queens borough of New York, U.S., on Wednesday, Sept. 9, 2020. Peter Foley | Bloomberg | Getty Images Dividends and buyback programs are slowly returning, but for some companies, the reinstatement of capital return plans follows
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Tesla vehicles are displayed in a Manhattan dealership on September 08, 2020 in New York City. Spencer Platt | Getty Images Check out the companies making headlines in midday trading: Bristol-Myers Squibb — Shares of the pharmaceutical company rose 1.2% after it announced positive interim results from a phase three trial of an immunotherapy drug
Executive Director of the World Health Organization’s (WHO) emergencies program Mike Ryan speaks at a news conference on the novel coronavirus (2019-nCoV) in Geneva, Switzerland. Denis Balibouse | Reuters As the global death toll from the coronavirus approaches 1 million people, it’s “not impossible” to consider that number doubling if countries don’t uniformly work to
Take a look at some of the biggest movers in the premarket: Costco (COST) – Costco reported quarterly earnings of $3.04 per share, 20 cents a share above estimates. The warehouse retailer’s revenue also beat Wall Street forecasts. Comparable-store sales rose 11.4% compared to the 7.8% consensus estimate of analysts polled by Refinitiv. Costco also
U.S. President Donald Trump speaks while hosting an event commemorating the repatriation of Native American remains and artifacts from Finland in the Oval Office of the White House in Washington, September 17, 2020. Kevin Lamarque | Reuters President Donald Trump will sign a series of executive orders aimed at protecting people with preexisting conditions and
A computer-generated image from interiors contractor Portview shows how office space may be segregated as people go back to the workplace after the coronavirus lockdowns are eased. Portview What will the post-Covid workplace look like? Steelcase is one of the largest manufacturers of office furniture — desks, chairs, storage products and office pods — and
A target store advertises for workers near its entrance in Encinitas, California, May 24, 2019. Mike Blake | Reuters Target said Thursday that holiday hiring will be in line with last year, but it is rethinking its approach to roles for those workers to adapt to customers’ new shopping habits during the coronavirus pandemic. Twice as
Economist Stephen Roach warns next year will be brutal for the dollar. Not only does he see growing odds of a double-dip recession, the Yale University senior fellow believes his “seemingly crazed idea” that the dollar would crash shouldn’t be so crazy anymore. “We’ve got data that’s confirmed both the saving and current account dynamic in
Health workers treating patients with the coronavirus may be at the top of the line to get a vaccine once one is approved. But that’s not necessarily the obvious move. The National Vaccine Advisory Committee met Wednesday for the first of a two-day public meeting on the Covid-19 pandemic, vaccine developments and a distribution plan
Spencer Platt | Getty Images Some JPMorgan Chase traders are upset that they only learned about a coronavirus case in their building last week from press reports, CNBC has learned. When the bank discovered that an employee on the fifth floor of its Manhattan headquarters had caught Covid-19, it quickly told those who had contact
Shoppers, some wearing PPE (personal protective equipment), of a face mask or covering as a precautionary measure against COVID-19, queue to enter a recently re-opened Nike store at Gunwharf Keys shopping centre in Portsmouth, southern England on June 16, 2020. Adrian Dennis | AFP | Getty Images Nike‘s quarterly earnings and revenue trounced analysts’ estimates,
TransferWise co-founders Kristo Käärmann and Taavet Hinrikus. TransferWise LONDON — TransferWise, one of Europe’s most valuable private financial technology firms, just posted its fourth consecutive year of profitability. The online money transfer service said Wednesday that its net profit more than doubled to £21.3 million ($27.1 million) in the fiscal year ending March 2020. Annual
Erroneous and reversed coronavirus guidance from the nation’s top health agency amid reports of tampering from Trump administration officials is “deeply concerning” and could “ruin the credibility” of the agency, Dr. Scott Gottlieb told CNBC on Tuesday. On Monday, the U.S. Centers for Disease Control and Prevention said it erroneously posted draft guidance on airborne transmission of
While the stock market continues to struggle, the dollar is kicking off the week around six-week highs. However, Brown Brothers Harriman’s Win Thin warns the greenback won’t stay there because the backdrop supports another leg lower. He expects the U.S. Dollar Index to test Feb. 2018 lows — which would be around the “88 and change”
TikTok logo displayed on a phone screen is seen with Walmart logo in the background in this illustration photo taken on September 21, 2020. Jakub Porzycki | NurPhoto | Getty Images Brick-and-mortar giant Walmart may seem like an odd match for TikTok, an algorithm-driven social platform known for hosting memes and viral dance challenges. But a
A Deutsche Bank AG flag flies outside the company’s office on Wall Street in New York. Mark Kauzlarich | Bloomberg | Getty Images Financial stocks came under pressure on Monday amid a report that a number of global banks moved allegedly illicit funds over the past two decades despite warnings from U.S. officials. Shares of
Emmy Trophies Greg Doherty/Getty Images The 72nd Emmy Awards Sunday night promise to be an awards show like no other. The event, hosted by Jimmy Kimmel, won’t have an audience or a red carpet. Instead, nominees have been sent their own camera kit to broadcast live from their living rooms as Hollywood doles out trophies
People visit the Charging Bull Statue during Covid-19 pandemic in Lower Manhattan, New York City, United States on May 25, 2020. Tayfun Coskun | Anadolu Agency | Getty Images U.S. stock futures dipped on Sunday night as the market tried to bounce back from its longest weekly losing streak in about a year. Dow Jones