Stocks making the biggest moves in the premarket: Lowe’s, GameStop, Square, Intuit & more
Take a look at some of the biggest movers in the premarket: Lowe’s (LOW) – The home improvement retailer reported quarterly profit of $1.33 per share, 12 cents a share above estimates. Revenue also came in above analysts’ forecasts. Same-store...
Workhorse Group drops nearly 50% after EV company is passed over for USPS contract
Workhorse W-15 Electric Pickup Truck. Source: Workhorse Shares of Workhorse Group dropped more than 50% at one point on Tuesday after the company was passed over for a key contract from the U.S. Postal Service. Amid heightened volatility, the stock...
Powell says inflation is still ‘soft’ and the Fed is committed to current policy
Inflation and employment remain well below the Federal Reserve’s goals, meaning easy monetary policy is likely to stay in place, central bank Chairman Jerome Powell said Tuesday. Despite a sharp rise this year in bond yields that has accompanied heightened...
December home prices rose 10.4%, the biggest gain in 7 years, Case-Shiller says
A houseÕs real estate for sale sign shows the home as being Òunder contractÓ in Washington, DC, November 19, 2020. Saul Loeb | AFP | Getty Images December is usually the slowest month for the housing market, but price gains...
HSBC pays dividends again after beating estimates on 2020 profit
HSBC building in the Canary Wharf district of London, U.K. Leon Neal | AFP | Getty Images HSBC on Tuesday reported full-year earnings for 2020 that beat expectations and announced a dividend payout for the first time since the Covid-19...
JPMorgan invests in private stock trading venue with Palantir link amid demand for pre-IPO shares
Zanbato Mountain View Office Source: Zanbato JPMorgan Chase is taking a stake in a private stock trading platform with links to Palantir to boost the bank’s efforts to connect buyers and sellers of hot pre-IPO company shares, CNBC has learned....
Stock futures are flat after S&P 500 snaps a 2-week winning streak
A Trader on the floor of the New York Stock Exchange. Source: The New York Stock Exchange Stock futures held steady in overnight trading on Sunday after the S&P 500 posted its first losing week in three. Futures on the...
Fed’s Williams say high market prices justified by economic growth and low rates
New York Federal Reserve President John Williams said Friday that high prices for stocks and other assets are justified in light of a growing economy and low interest rate landscape. With stocks pushing to new heights on valuations not seen...
Stocks making the biggest moves midday: Palantir, Applied Materials, Deere & more
The logo of U.S. software company Palantir Technologies is seen in Davos, Switzerland Januar 22, 2020. Arnd Wiegmann | Reuters Check out the companies making headlines in midday trading. Applied Materials — Shares of the chipmaker jumped more than 7%...
Taxpayers may be victims of unemployment fraud. The IRS wants to help
Samuel Corum/Bloomberg via Getty Images Many Americans will get an unwelcome surprise this tax season: the realization they were victims of unemployment fraud. Millions of workers have collected jobless benefits during the Covid pandemic. They must pay taxes on that...