Finance

A person wears a protective face mask outside of an United States Post Office on the Upper West Side as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on August 16, 2020 in New York City. Noam Galai | Getty Images JPMorgan Chase, the biggest U.S. bank

Take a look at some of the biggest movers in the premarket: Target (TGT) – Target earned $3.38 per share for the second quarter, substantially above the consensus estimate of $1.62 a share. The retailer’s revenue also beat forecasts, with comparable-store sales up 24.3% compared with a consensus FactSet estimate of a 7.6% increase. Target’s

They’re among the retailers thriving during the pandemic: Amazon, Walmart and Home Depot. And, long-time retail analyst Dana Telsey believes they have plenty of runway left. “It is going to be about home, active and electronics, and I think discounters had a terrific second quarter,” the Tesley Advisory Group CEO & chief research officer told

Carlos Ponce joins other demonstrators participating in a protest asking Senators to support the continuation of unemployment benefits on July 16, 2020 in Miami Springs, Florida. Joe Raedle | Getty Images Workers in a handful of states may soon see a $300-a-week bump in their unemployment benefits. The federal government has approved funding for seven

Take a look at some of the biggest movers in the premarket: Home Depot (HD) – The home improvement retailer earned $4.02 per share for the second quarter, beating the consensus estimate of $3.71 a share. Revenue came in well above estimates. Comparable-store sales jumped 23.4%, more than double the FactSet consensus estimate of 10.9%.

Allianz Global Investors’ Mona Mahajan sees four “hybrid” plays designed to produced profits whether the market moves higher or lower – without taking on too much risk. “It’s important for investors looking for diversification away from both sides of this barbell of growth and value,” the firm’s U.S. investment strategist told CNBC’s “Trading Nation” on Monday.

U.S. President Donald Trump talks to reporters as he leaves the White House for a trip to Minnesota and Wisconsin August 17. Chip Somodevilla/Getty Images) A $300-a-week federal boost to unemployment benefits may end shortly after it starts. In some states, recipients may only get three weeks’ worth of payments — if they get it at

Traders work during the closing bell at the New York Stock Exchange (NYSE) on March 17, 2020 at Wall Street in New York City. Johannes Eisele | AFP | Getty Images U.S. stock futures rose on Sunday night after Wall Street logged in its third consecutive weekly gain, but fell short of breaking the all-time

Sales associates at one of Alibaba-owned InTime’s store display products for sale during a livestream. InTime | Alibaba BEIJING — More and more people in China are turning to jobs in the digital economy as the coronavirus pandemic accelerates a shift toward online commerce and livestreaming. The unemployment rate for cities held steady at 5.7% in July,

Fed Chairman Jerome Powell is reflected in the sneeze guard set up between himself and members of the House Committee on Financial Services hearing on Oversight of the Treasury Department and Fed Reserve Pandemic response on June 30, 2020 in Washington, DC. Bill O’Leary-Pool | Getty Images Government spending from the Treasury Department and Congress

Technicians work on machinery at the Applied Materials facility in Santa Clara, California. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines after the bell Thursday: Applied Materials — Shares of Applied Materials rose 1.2% in after-hours trading on the back of fiscal third-quarter results that beat analyst expectations. The

A jogger passes in front of the New York Stock Exchange (NYSE) in New York, on June 17, 2020. Michael Nagel | Bloomberg | Getty Images U.S. stock futures were flat on Thursday night after the S&P 500 failed once again to reach its record high from February. Dow Jones Industrial Average futures were up

Chinese customers look at iphones at the official opening of the new Apple Store in the Sanlitun shopping area on July 17, 2020 in Beijing, China. Kevin Frayer | Getty Images Check out the companies making headlines before the bell: Apple (AAPL), Alphabet (GOOGL) – Apple and Alphabet’s Google unit are being sued by Epic

Shenerah Nelson is facing eviction during the pandemic. Source: Shenerah Nelson Shenerah Nelson used to pay her rent with the money she made driving for Uber and Lyft, but when the pandemic struck, her rides dried up. The single mother of two scrambled to land another job. The positions she found were low-paying or part-time, but

Peter Madoff in 2002. Getty Images The younger brother of infamous financier and Ponzi swindler Bernard Madoff was released from federal custody on Thursday after serving about nine years of a 10-year sentence. The Federal Bureau of Prisons confirmed in an email that Peter Madoff was released from home confinement on Aug. 13 after being transferred

New Zealand is considering negative interest rates, as it grapples with the severe economic impact caused by the coronavirus pandemic. In its interest rate decision this week, the central bank maintained its official cash rate at 0.25%, but also raised the possibility of going into negative territory. “The severe global economic disruption caused by the

A powerful push in innovation is creating excitement among venture capitalists. Early stage angel investor Nidhi Chadda of Enzo Advisors finds the coronavirus fallout is producing a seismic shift in how the world does business, and she believes much of it will be permanent.  “Over the past several years regardless of which industry we’ve been

Valentin Stalf, founder and CEO of N26, speaks on stage at the Digital Life Design innovation conference. Lino Mirgeler | picture alliance via Getty Images German digital bank N26 is grappling with discontent from some of its employees, who are trying to organize a works council to express their concerns with management. Staff at the

The Robinhood application is displayed in the App Store on an Apple Inc. iPhone in an arranged photograph taken in Washington, D.C. Andrew Harrer | Bloomberg | Getty Images Robinhood is raking in more money than ever on customer trades as new investors flood the stock market during the pandemic.  Despite not charging customers to

Tito Garcia, of New England United for Justice, holds a sign during a rally at Vertex Pharmaceuticals in the Seaport District of Boston, MA on July 14, 2020. Craig F. Walker | Boston Globe | Getty Images Corporate America is turning a critical eye toward its diversity, equality and inclusion policies in the wake of