Take a look at some of the biggest movers in the premarket: Target (TGT) – Target earned $3.38 per share for the second quarter, substantially above the consensus estimate of $1.62 a share. The retailer’s revenue also beat forecasts, with comparable-store sales up 24.3% compared with a consensus FactSet estimate of a 7.6% increase. Target’s
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Shoppers are seen wearing masks while shopping at a Walmart store in Bradford, Pennsylvania, July 20, 2020. Brendan McDermid | Reuters Walmart‘s fiscal second-quarter sales got a boost from this spring’s stimulus checks, but that tapered off in July as shoppers spent that money. Now, the retail giant is waiting to see if the government
People walk outside of the New York Stock Exchange. Spencer Platt | Getty Images S&P 500 rises, Dow Jones Industrial Average falls 66 points Record high for S&P 500 The S&P 500’s move into record territory came after more than a week of flirting with the milestone. “There has been a lot of good news
Gold had its best day since April on Monday, but market history says it may be time to bet against the precious metal. A surprising development helped to propel gold higher: long-time gold naysayer Warren Buffett’s Berkshire Hathaway revealed a big stake in gold miner Barrick Gold. While Buffett has dismissed gold as a shiny, useless
Allianz Global Investors’ Mona Mahajan sees four “hybrid” plays designed to produced profits whether the market moves higher or lower – without taking on too much risk. “It’s important for investors looking for diversification away from both sides of this barbell of growth and value,” the firm’s U.S. investment strategist told CNBC’s “Trading Nation” on Monday.
Pilots talk after exiting a Delta Airlines flight at the Ronald Reagan National Airport on July 22, 2020 in Arlington, Virginia. Michael A. McCoy | Getty Images Just as the U.S. labor market shows signs of recovery, tens of thousands of airline workers are preparing themselves for economic pain from the coronavirus pandemic to come
Barrick Gold mining ullstein bild | Getty Images Barrick Gold‘s stock is popping more than 7% in premarket trading Monday after legendary investor Warren Buffett’s Berkshire Hathaway revealed a stake in the gold miner’s stock. Buffett’s Berkshire Hathaway added a $562 million position in Barrick Gold in the second quarter, SEC filings showed on Friday.
United Flight Attendant Jennifer Ritter. Source: Jennifer Ritter The coronavirus pandemic has been so devastating to the airline industry that even flight attendants with decades of experience have been told that their jobs are at risk. Jennifer Ritter is one of them. “I can’t see myself doing anything else,” said Ritter, 50, who joined United Airlines as
Fed Chairman Jerome Powell is reflected in the sneeze guard set up between himself and members of the House Committee on Financial Services hearing on Oversight of the Treasury Department and Fed Reserve Pandemic response on June 30, 2020 in Washington, DC. Bill O’Leary-Pool | Getty Images Government spending from the Treasury Department and Congress
A small bottle labeled with a “Vaccine” sticker is held near a medical syringe. Dado Ruvic | Reuters The U.S. has doled out billions to develop a vaccine against the coronavirus that has infected more than 5.1 million people across the country, locking in a minimum of 800 million doses as soon as the immunizations
Robert Federico waited more than four months for his unemployment benefits to arrive. In the end, the payout was more than $23,000. But he endured financial hardship in the interim. Robert Federico Robert Federico’s situation was bleak — dire, even, by his telling. In March, the 52-year-old lost his job at a New York design
When the Covid-19 pandemic struck the U.S., young biotech company Verve Therapeutics was just months away from a pivotal development: studies in animals of its gene-editing approach to lowering cholesterol that would lead it to be heralded as a potential “cure for heart disease.” But Chief Executive Dr. Sekar Kathiresan had a problem: this isn’t
Shenerah Nelson is facing eviction during the pandemic. Source: Shenerah Nelson Shenerah Nelson used to pay her rent with the money she made driving for Uber and Lyft, but when the pandemic struck, her rides dried up. The single mother of two scrambled to land another job. The positions she found were low-paying or part-time, but
Russell Crowe stars in “Unhinged.” Solstice Studios Actors covet those times when they stand alone on a stage, sharing their craft with a captive audience. Films debuting in movie theaters rarely get an opportunity for a solo. Typically, one or two new movies vie for an audience’s attention along with holdover films from previous weeks.
Peter Madoff in 2002. Getty Images The younger brother of infamous financier and Ponzi swindler Bernard Madoff was released from federal custody on Thursday after serving about nine years of a 10-year sentence. The Federal Bureau of Prisons confirmed in an email that Peter Madoff was released from home confinement on Aug. 13 after being transferred
The Trump administration on Thursday weakened Obama-era regulations designed to reduce climate-warming methane gas emissions from oil and gas fields. The Environmental Protection Agency’s new rule, which has been in progress for over a year, would eliminate federal requirements for oil and gas companies to monitor and repair methane leaks from pipelines, storage facilities and
A powerful push in innovation is creating excitement among venture capitalists. Early stage angel investor Nidhi Chadda of Enzo Advisors finds the coronavirus fallout is producing a seismic shift in how the world does business, and she believes much of it will be permanent. “Over the past several years regardless of which industry we’ve been
The World Health Organization said Thursday there is “no evidence” the coronavirus is being transmitted through food. Researchers in China are studying the issue, and the international agency is tracking their findings, Dr. Mike Ryan, executive director of the WHO’s emergencies program, said during a press conference at the agency’s Geneva headquarters. But right now