Traders on the New York Stock Exchange. Source: NYSE This is a very powerful rally. The combination of surprisingly strong economic reports and even more surprisingly strong earnings reports is pushing broad swaths of the U.S. stock market to new highs. Even the technicians are impressed. “The vast majority of NYSE stocks are in intermediate-term
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A health worker administers a dose of the Pfizer-BioNTech vaccine against Covid-19, to a man at the Medalla Milagrosa Church in Valparaiso, Chile, on April 6, 2021. JAVIER TORRES | AFP | Getty Images LONDON — Chile’s vaccination campaign against the coronavirus has been one of the world’s quickest and most extensive, but a recent
With stocks at all-time highs, one of Wall Street’s biggest bulls is taking his optimism up a notch. Federated Hermes’ Phil Orlando believes the S&P 500 could hit his year-end price target of 4,500 by July, which implies about an 8% gain from current levels. “At the pace the economy is growing and earnings are growing,
American Airlines Boeing 787-8 Dreamliner aircraft. Nicolas Economou | NurPhoto | Getty Images The twin-aisle Boeing 787-9 Dreamliner has a range of more than 7,500 nautical miles, enough to fly passengers on a 15-hour nonstop from Los Angeles to Sydney. This summer, American Airlines plans to use the 285-seat plane on several much shorter routes,
MoMo Productions Parents may soon start getting monthly payments from the IRS, due to a recent change to the child tax credit. IRS Commissioner Charles Rettig said Tuesday that the agency was on track to start issuing that aid in July. Here’s what taxpayers need to know about the tax credit and income stream. Child
The clean living craze isn’t stopping at corporate America. The trend has now seeped into the exchange-traded fund market, where Amplify ETFs — the firm behind popular thematic funds such as the Amplify Seymour Cannabis ETF (CNBS) and the Amplify Transformational Data Sharing ETF (BLOK) — has now filed for an ETF focused on clean
In this article RUN SPG PNC Shoppers walk through the King of Prussia mall in King of Prussia, Pennsylvania. Jennah Moon | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Sunrun — The solar stock popped 10% after Simmons Energy, a division of Piper Sandler, upgraded the stock to overweight
A paramedic transfers a patient to an emergency room at Hackensack Meridian Health Palisades Medical Center in North Bergen, New Jersey, on December 11, 2020. Kena Betancur | AFP | Getty Images Dr. Paul Offit, a physician at Children’s Hospital of Philadelphia, said he is now seeing more patients with Multisystem Inflammatory Syndrome, a complication
Coinbase is a popular option for buying bitcoin and other cryptocurrencies. Todd Haselton | CNBC Watch out social media, finance apps are becoming a more popular form of entertainment on people’s phones. Trading platforms Robinhood and Coinbase grabbed the top two spots in Apple’s app store this week as Americans turn their attention to stock
Delta Air Lines Airbus A330neo or A330-900 aircraft with neo engine option of the European plane manufacturer, as seen departing from Amsterdam Schiphol AMS EHAM International airport. Nicolas Economou | NurPhoto | Getty Images Hoping to take a European vacation this summer? You may be out of luck. Borders in much of Europe have been
Traders on the floor of the New York Stock Exchange. Source: NYSE Stock futures were little changed in overnight trading on Thursday after the Dow Jones Industrial Average crossed the 34,000 threshold for the first time ever. Futures on the Dow Jones Industrial Average gained 10 points. S&P 500 futures traded near the flatline and
In this article DAI-DE 2022 Mercedes-Benz EQS EV Mercedes-Benz Mercedes-Benz believes its new EQS sedan will redefine the all-electric luxury vehicle segment as it competes against Tesla and a growing number of emerging start-ups and legacy automakers. The 2022 Mercedes-Benz EQS, unveiled Thursday, marks a new era for the German automaker as it pivots to
Jane Fraser, chief executive officer for Latin American at Citigroup Inc., speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019. Kyle Grillot | Bloomberg via Getty Images Citigroup is scheduled to report first-quarter earnings before the opening bell Thursday.Here’s what Wall Street expects: Earnings: $2.60 a share,
In this article AEO A shopper walks past an American Eagle store in the mall. Tim Boyle | Getty Images News | Getty Images American Eagle Outfitters announced Wednesday that its business is pacing ahead of its expectations for the fiscal first quarter, as stimulus checks and pent-up demand are fueling sales of jeans, dressier
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., gestures while speaking during a Bloomberg Television interview at the JPMorgan Global Markets Conference in Paris, France, on Thursday, March 14, 2019. Christopher Morin | Bloomberg | Getty Images Government stimulus programs aimed at reducing suffering during the coronavirus pandemic have left consumers flush with
Here are some of the companies making headlines in premarket trading: Goldman Sachs (GS) — Goldman shares rose more than 1% in premarket trading after the company’s first-quarter results handily topped Wall Street’s expectations. The bank earned $18.60 per share, compared to the $10.22 per share expected by analysts surveyed by Refinitiv. Revenue came in
Jason Lee | Reuters BEIJING — Investors are putting billions of dollars more into U.S. stock funds than Chinese ones, according to data from fund research firm EPFR Global. “The baton seems to be getting handed over,” said Cameron Brandt, director of research at EPFR, in an interview Friday. “A lot of investors think the
Signs show information for a vaccination site run by the Santa Clara County health department at Levi’s Stadium, home of the San Francisco 49ers NFL football team, in Santa Clara, California, February 9, 2021. Brittany Hosea-Small | Reuters The NFL is taking its strongest stance yet when it comes to returning to normal from the