Stocks making the biggest moves in the premarket: Home Depot, Walmart, Amazon, Kohl’s & more
Take a look at some of the biggest movers in the premarket: Home Depot (HD) – The home improvement retailer earned $4.02 per share for the second quarter, beating the consensus estimate of $3.71 a share. Revenue came in well...
These 4 ‘hybrid’ trades may boost your portfolio into fall
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...
Here’s why this recession has been different from any other
Shoppers wearing protective masks browse clothing at a store at Westfield San Francisco Centre in San Francisco, California, U.S. Michael Short | Bloomberg | Getty Images Near-record stock market levels, a booming almost bubbling housing market and robust retail spending...
Homebuilder sentiment jumps to record high, but soaring lumber prices could ‘dampen momentum’
Potential buyers flooded into model homes across the nation, and that has builders feeling better about their business than at any time over the past 20 years. But rising lumber prices could sap the market’s momentum this fall. Builder confidence...
From livestreaming to online shopping, more and more China jobs are going digital
Sales associates at one of Alibaba-owned InTime’s store display products for sale during a livestream. InTime | Alibaba BEIJING — More and more people in China are turning to jobs in the digital economy as the coronavirus pandemic accelerates a shift toward...
Op-Ed: The next stimulus should be spent on job training and rebuilding a better American economy
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...
He was stuck in unemployment ‘limbo’ for four months. Then came $23,000 in benefits
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,...
Americans keep buying stuff despite the pandemic — retail sales rise for a third straight month
Consumers spent less than expected in July as a pullback in auto sales helped cool an economy struggling to shake off the effects of the coronavirus pandemic. Retail sales rose 1.2% for the month, against the expected increase of 2.3%...
Bernie Madoff’s brother, co-conspirator Peter Madoff, released from federal custody
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...
Retail sales bounced to an all-time high, but lack of stimulus from Congress puts gains at risk
Keith Cunningham from South Carolina shops for Walt Disney apparel at the Bargain World gift shop located near Walt Disney World where its conducting a phased reopening from coronavirus disease (COVID-19) restrictions in Lake Buena Vista, Florida, July 11, 2020....
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