Stocks making the biggest moves midday: Gap, Nike, JPMorgan & more
People walk by a Nike store in New York. Spencer Platt | Getty Images Check out the companies making headlines in midday trading. Nike — The sportswear maker slid more than 5% after the company reported a surprise loss for the...
Shifting currency exposures create treasury dilemma
There have been a number of unwinds by European fashion retailers, according to Deutsche Bank Many treasurers have found themselves with higher than expected hedge ratios as a consequence of reduced revenues caused by coronavirus restrictions. Where corporate treasuries run...
Employment recovery may be slowing as virus cases climb
Marco Bello | Reuters Alternative data sources that track hourly employees show a slowing of the jobs recovery in recent weeks, as the growth of coronavirus cases accelerates in major cities like Phoenix, Houston and Los Angeles. Data from Homebase, a...
Dow futures down nearly 200 points after bank stress test results, Nike reports surprise loss
U.S. stock futures were lower in early morning trade on Friday following the release of the Fed’s latest bank stress-test results and disappointing quarterly numbers out of Nike. Dow Jones Industrial Average futures were down 173 points, while S&P 500 and...
Watch live: SEC’s Jay Clayton testifies at House subcommittee hearing on markets and lending in Covid era
[The stream is slated to start at 12 p.m. ET. Please refresh the page if you do not see a player above at that time.] SEC Chairman Jay Clayton is testifying in front of the House Financial Services Subcommittee on...
Total of those receiving unemployment benefits falls below 20 million
Jobless claims totaled 1.48 million last week as unemployment related to the coronavirus pandemic remained stubbornly high, though those receiving benefits fell below 20 million for the first time in two months, the government reported Thursday. Economists surveyed by Dow...
U.S. GDP fell at a 5% rate in the first quarter, and the worse is likely on the way
A Dana assembly technician wears a face mask as he assembles axles for automakers, as the auto industry begins reopening amid the coronavirus disease (COVID-19) outbreak, at the Dana plant in Toledo, Ohio, May 18, 2020. Rebecca Cook | Reuters...
Stocks making the biggest moves after hours: KB Home, Hertz, Ally Financial and more
A construction worker walks past new homes under construction by developer KB Home in Valencia, California. Jonathan Alcorn | Bloomberg | Getty Images Check out the companies making headlines after the bell. KB Home — The home construction company’s stock...
Major bank turns bullish on global stocks despite a resurgence in coronavirus cases
It may be time to add global exposure to your portfolio. UBS Global Wealth Management’s Alejo Czerwonko sees upside going abroad despite a surge in coronavirus cases. “We expect them to be fairly well-handled by health systems worldwide,” the firm’s...
Homebuilders see strongest May sales in over a decade, but they have a big problem
Sales of newly built homes jumped far more than expected, up nearly 13% annually, according to the U.S. Census. After slowing dramatically in March, as the coronavirus shut down the economy, they posted the strongest May pace since 2007, a...
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