Stocks making the biggest moves in the premarket: Target, Lowe’s, MicroStrategy, CarMax & more
Take a look at some of the biggest movers in the premarket: Target (TGT) – Target earned $3.69 per share for the first quarter, well above the $2.25 a share consensus estimate, with revenue also above analysts’ projections. Comparable-store sales...
Cryptocurrencies are close to reaching a big milestone versus gold by one Wall Street firm’s count
Crypto bulls have long championed bitcoin as a modern-day replacement for gold, and by one measure, the new market is already close to surpassing bullion in that respect. The total value of the cryptocurrency market now stands above $2 trillion,...
Yellen pushes higher taxes, stronger unions, more global competition to U.S. Chamber
Secretary of the Treasury Janet Yellen speaks during a daily news briefing at the James Brady Press Briefing Room of the White House May 7, in Washington, DC. Alex Wong | Getty Images Treasury Secretary Janet Yellen called on Tuesday...
Dow futures rise more than 100 points after Wall Street begins week with modest losses
Pedestrians walk past the Nasdaq in New York on Sept. 3, 2020. Xinhua News Agency | Getty Images Futures contracts tied to the major U.S. stock indexes held steady in the overnight session Monday evening after Wall Street kicked off...
Homebuilder confidence is high, but rising costs of materials present major risks
Contractors work on single-family homes under construction in the Cadence Park development of The Great Park Neighborhoods in Irvine, California, on Wednesday, April 14, 2021. Bing Guan | Bloomberg | Getty Images Strong buyer demand is keeping homebuilders confident, but...
Fed’s Bostic says there’s no reason to change policy despite inflation fears
Atlanta Federal Reserve President Raphael Bostic told CNBC on Monday that he’s comfortable with the central bank’s ultra-loose policy even as inflation gains steam in the U.S. economy. “We are still 8 million jobs short of where we were pre-pandemic,”...
Stock futures rise slightly after Wall Street’s worst week since February
Traders on the floor of the NYSE. Source: NYSE Stock futures edged up in overnight trading on Sunday as the market looked to continue to rebound from last week’s sell-off triggered by inflation jitters. Futures on the Dow Jones Industrial...
States are ending federal unemployment benefits early. Here’s what to know and what’s at stake
Ohio Gov. Mike DeWine said Thursday that the state would end its participation in federal unemployment programs June 26. Justin Merriman | Getty Images News | Getty Images So, what’s going on? At least 16 states have elected to opt...
Stocks making the biggest moves midday: Disney, Snowflake, DoorDash and more
The New York Stock Exchange welcomes The Walt Disney Company (NYSE: DIS), on Tuesday, May 4, 2021, in honor of Star Wars Day. Source: NYSE Check out the companies making headlines in midday trading. Disney — The media giant’s share...
Goldman Sachs loses another executive after JPMorgan Chase poaches CFO of its Marcus business
Sherry Ann Mohan, Managing Director at Goldman Sachs Source: Goldman Sachs Goldman Sachs continues to lose key managers at its fledgling consumer banking business. The chief financial officer for Goldman’s consumer business, which includes its Marcus brand and the Apple...