Stocks making the biggest moves after hours: Cisco, Applied Materials, MGM Resorts and more
Cisco Systems headquarters Getty Images Check out the companies making headlines after the bell: Cisco Systems – Shares of the networking hardware company dropped 4% in extended trading despite reporting strong second-quarter results that beat analysts’ estimates. Cisco reported earnings...
US deficit surges 25% in fiscal 2020 and is $1.1 trillion over the past year
People walk past the Capitol Dome ahead of an expected vote in the impeachment trial of U.S. President Donald Trump on Capitol Hill in Washington, February 5, 2020. Joshua Roberts | Reuters The sea of red ink is getting deeper...
Stocks making the biggest moves after hours: Bed Bath & Beyond, Lyft, Western Union and more
Shoppers enter a building housing a Bed Bath & Beyond Inc. store in New York. Mark Kauzlarich | Bloomberg | Getty Images Check out the companies making headlines after the bell: Lyft – The ridesharing company’s stock fell more than...
Household debt jumps the most in 12 years, Federal Reserve report says
Tera Images Household debt surged in 2019, marking the biggest annual increase since just before the financial crisis, according to the New York Federal Reserve. Total household debt balances rose by $601 billion last year, topping $14 trillion for the...
Job openings slide to a two-year low as labor market gets tighter
Job openings tumbled again in December to their lowest level in two years, according to Labor Department data released Tuesday. With unemployment remaining around a 50-year low, the labor market tightened again as 2019 came to a close. Total vacancies...
Powell stresses that Fed is ‘closely monitoring’ coronavirus for hit to China and the world
The Federal Reserve is “closely monitoring” the coronavirus, its impact on China and the effect that it could have on global economic growth, Chairman Jerome Powell said Tuesday. In his semiannual testimony before Congress, Powell said the new threat comes...
N26, the German online bank backed by Peter Thiel, says it’s leaving the UK because of Brexit
Valentin Stalf, CEO of N26, at the bank’s office in Berlin, Germany. Wolfgang Kumm | picture alliance | Getty Images German online bank N26 has told customers it’s pulling out of the U.K. because it won’t have a license to...
What to look for from Fed Chair Powell’s testimony
Federal Reserve Chairman Jerome Powell heads to Capitol Hill on Tuesday at a touchy juncture: The world is awash in fear from a deadly virus outbreak, lawmakers are just getting over a historically bruising political battle, and the central bank...
Stocks making the biggest moves after hours: Slack, Chegg, Moderna and more
People pass by the New York Stock Exchange. Brendan McDermid | Reuters Check out the companies making headlines after the bell: Chegg – The American education technology company’s stock dropped more than 4% in extended trading despite reporting financial results...
First-quarter US GDP may be as low as 1.2% due to coronavirus, but stocks don’t seem to care
A volunteer measures a passenger’s body temperature. In light of a coronavirus outbreak in China, Hong Kong district councillors and residents formed makeshift quarantine stations, screening passengers arriving from China, Feb. 4, 2020. Willie Siau | SOPA Images | LightRocket...
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