Take a look at some of the biggest movers in the premarket: Peloton (PTON) – Peloton doubled consensus estimates in reporting quarterly profit of 18 cents per share, and the fitness equipment maker’s revenue came in above estimates as well. Peloton will be incurring extra costs in the near term, however, to reduce shipping delays
Month: February 2021
A pedestrian and cyclist wear facemasks outside a branch of department store chain Nordstrom in Santa Monica, California on May 11, 2020. Frederic J. Brown | AFP | Getty Images Nordstrom said Thursday it expects revenue to rise more than 25% in fiscal 2021 from the prior year, with roughly half of its sales coming
A sign hangs in front of an AMC theater on January 27, 2021 in Chicago, Illinois. Shares of AMC Entertainment more than quadrupled today as investors continue their buying spree on heavily shorted stocks. Scott Olson | Getty Images Besides GameStop, other popular short squeeze targets among the Reddit crowd were taking big hits on
The student debt crisis has hit a new milestone — soaring to $1.7 trillion in outstanding loans at the end of last year. As more than 44 million Americans grapple with this burden, the disparity in the amount of that debt held by Black and White borrowers is also growing. Studies show that young Black
Can you get into trouble for urging other investors to buy stock or options in a company? getty As just about everyone knows by now, investors communicating on the Reddit forum WallStreetBets drove up the stock price of GameStop while openly discussing both their tactics and their reasoning. Some of them purchased GameStop shares as
Pillows and cushion in earth tones embody the soft aesthetic of the moment getty Fixr’s annual paint and color trends report tells us that staying at home has strongly affected our color choices. So maybe it’s not surprising that, after spending most of the past year isolated and socially distanced, we don’t love gray any
Economic Security Planning, Inc. Today’s column addresses questions about what effect years of lower income might have on benefits taken later, when the higher income limit for the earnings test is applied and whether a divorce and subsequent remarriage can satisfy the 10 year marriage requirement. Larry Kotlikoff is a Professor of Economics at Boston
Artur Widak | NurPhoto | Getty Images Johnson & Johnson applied for an emergency use authorization from the Food and Drug Administration for its coronavirus vaccine after releasing data last week showing it was about 66% effective in protecting against the virus. If J&J’s application is approved, it would be the third Covid-19 vaccine authorized
Peloton Interactive Inc. stationary bicycles sit on display at the company’s showroom on Madison Avenue in New York, U.S., on Wednesday, Dec. 18, 2019. Jeenah Moon | Bloomberg | Getty Images Peloton on Thursday reported quarterly sales growth of 128%, marking its first billion-dollar quarter, as the momentum keeps climbing for the at-home fitness equipment
Traders work on the floor of the New York Stock Exchange. NYSE Stock futures were flat in overnight trading on Thursday, following a four-day winning streak on Wall Street as investors awaited a closely-watched January jobs report. Futures on the Dow Jones Industrial Average rose just 20 points. S&P 500 futures were flat and Nasdaq
Executives, directors and members of the Koss family sold more than $44 million in stock in Koss Corp. over the past week as shares soared from the retail-investor buying frenzy. Members of the Koss family, who own about 75% of the Milwaukee-based maker of headphones, sold $31 million of stock, according to filings with the
Cleveland Federal Reserve President Loretta Mester said top regulators should be looking at the GameStop trading saga and how it is impacting markets. However, she said the situation isn’t impacting how she approaches monetary policy and doesn’t see the Fed making any adjustments in reaction to the Wall Street uproar. “I don’t think it’s something
THOUSAND OAKS, CA – AUGUST 18: Offensive tackle Andrew Whitworth #77 of the Los Angeles Rams enters the field for training camp on August 18, 2020. Jayne Kamin-Oncea | Getty Images Sport | Getty Images Long before Andrew Whitworth made it to the National Football League, he knew he wanted to help others. When he
Got a Notice CP21C from the IRS about your economic impact payment? It’s a mistake. getty Got a CP21C letter from the Internal Revenue Service about the stimulus payment(s) you’re waiting for? It’s a mistake. The letters, mailed to more than 109,000 taxpayers, say that the IRS is offsetting outstanding economic stimulus payments to cover
Kenny Kane is the Chief Operating Officer at Firmspace. getty Even with vaccine distribution plans rolling out for high-risk populations around the country in Q1, the year ahead is likely to be spent still working primarily remotely for many professionals. So, it’s time to think about what “work from anywhere” (WFA) really means, and what kind
By Kathleen Doheny, Next Avenue DANVERS, MA – FEBRUARY 1: A man is given his vaccination by pharmacist Joe Borge. Feb. 1, 2021 was … [+] the first day of Phase 2 of the COVID-19 rollout for seniors, 75 and over, seen here vaccinated inside the Walgreens Pharmacy, at 107 High Street, in Danvers, MA.
Association of Flight Attendants International President Sara Nelson joins airline executives, fellow union heads and political leaders to call on Congress to pass an extension of the Payroll Support Program to save thousands of jobs, during a news conference outside the U.S. Capitol September 22, 2020 in Washington, DC. Chip Somodevilla | Getty Images Some
A passing car carrier is reflected in the grille of a 2017 Ford Motor Co. F-150 pickup truck on display at the Sutton Ford Lincoln car dealership in Matteson, Illinois. Daniel Acker | Bloomberg | Getty Images DETROIT – Ford Motor is expected Thursday to report a loss for the fourth quarter due to the
Jakub Porzycki/NurPhoto via Getty Images GameStop’s stock is tanking again on Thursday, as the Reddit-fueled trade continues to unravel. Shares of GameStop are down more than 25% on Thursday, brining the brick-and-mortar video game retailer’s weekly losses to nearly 80%. The drop in price comes despite the rollback of trading limits from stock trading app
When Mark Cuban first started trading stocks, he learned some “expensive lessons.” That’s why he says it’s important assess your personal financial situation before trading or investing in the market, he said. “If you are buying [a stock] because you need the price to go up and solve a financial hole you are in, that
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