Pedestrians walk past a Victoria’s Secret store, a subsidiary of L Brands, in New York. Craig Warga | Bloomberg | Getty Images L Brands reported earnings and sales for the holiday quarter that topped analysts’ expectations, as it prepares to take its Victoria’s Secret lingerie business private. Its shares were relatively unchanged in after-hours trading
Month: March 2020
Traders work on the floor of the New York Stock Exchange, January 27, 2020. Spencer Platt Barclays slashed its S&P 500 target for 2020 as the coronavirus throws the global supply chains into chaos. The bank also expects U.S. companies to see an earnings decline this year. The bank now sees the S&P 500 to
Cristiano Oliveira, co-founder and CEO of Olivia AI. When I got my first iPhone about 10 years ago, I didn’t think much of it. It was just like my old-school flip phone, but more brick-like and better at stretching out the pockets in my jeans. This was, of course, extremely shortsighted. More than 80% of
A new Pininfarina SpA Battista luxury hypercar sits on display on the opening day of the 89th Geneva International Motor Show in Geneva, Switzerland, on Tuesday, March 5, 2019. Bloomberg | Bloomberg | Getty Images BMW, Porsche and Bentley are debuting their hottest new cars online after organizers of the Geneva International Motor Show canceled
Microsoft shares fell 2% in extended trading on Wednesday after the company said it doesn’t expect to meet the quarterly revenue guidance it previously provided for the segment that includes Windows. The move comes during a week that has seen a market selloff amid fears about the virus. Last week Apple disclosed that it did
Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, D.C., on Wednesday, Jan. 29, 2020. Andrew Harrer | Bloomberg | Getty Images Goldman Sachs said it expects the Federal Reserve to deliver an interest rate reduction of 75 basis point in
CNBC’s Jim Cramer said on Friday investors with long-term horizons to retirement should now put money to work in this week’s steep stock market correction. “If you’re in a 401(k), I know no one wants to hear this, but I think you have to buy. Buy some,” Cramer said on “Squawk Box.” ”What are we waiting
Microsoft founder Bill Gates Lintao Zhang/Getty Images Billionaire and Microsoft co-founder Bill Gates said the coronavirus that has killed at least 2,859 people and infected more than 83,700 globally may be the “once-in-a-century pathogen we’ve been worried about.” “I hope it’s not that bad, but we should assume it will be until we know otherwise,”
Budweiser beer products manufactured by Anheuser-Busch InBev NV sit on display during a news conference in Hong Kong, China, on Thursday, July 4, 2019. Kyle Lam | Bloomberg | Getty Images The world’s largest brewer Anheuser-Busch InBev forecast a 10% decline in first-quarter profit on Thursday after the coronavirus outbreak hit beer sales during the
A customer exits a Big Lots store in Clifton, New Jersey. Emile Wamsteker | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Big Lots — Shares of Big Lots tumbled nearly 30% after the retailer posted a quarterly earnings miss. The company reported earnings per share of $2.39 in the
Colorox brand toilet bowl cleaner sits on display at a supermarket in Princeton, Ill. Daniel Acker | Bloomberg | Getty Images Consumer-staples giant Clorox, along with 10 other stocks have emerged as the definitive anti-coronavirus trades, as the only S&P 500 stocks avoiding correction territory. While the broader market craters, the well-known maker of bleach
Communal living space in California Source: Haven There’s a new solution for millennials struggling with rising rents, but it has a familiar feel. Communal living, or co-living, brings together a group of people, likely strangers, in a shared space. Often, there are private sleeping quarters but the kitchens and work areas are communal spaces. It’s