A boy rides a bicycle along a flooded street due to the heavy rains caused by Hurricane Eta, now degraded to a tropical storm, in Puerto Barrios, Izabal 310 km north Guatemala City on November 5, 2020. Johan Ordonez | AFP | Getty Images Hurricane Eta has slowly churned through Central America this week, flooding
Finance
Check out the companies making headlines in midday trading. Roku — Streaming platform Roku jumped 11% after the company reported a surprise adjusted profit for its third quarter. The company posted 9 cents in earnings per share on $452 million in revenue. Analysts had projected a loss of 40 cents per share and $366 million
Volunteers hand out potatoes in Auburn, Washington on May 7, 2020. JASON REDMOND | AFP | Getty Images That’s a big jump from the prior month, when 19% of the unemployed were out of work for at least six months. The number of long-term unemployed swelled by 1.2 million people in a month, to 3.6
Take a look at some of the biggest movers in the premarket: CVS Health (CVS) – CVS named Executive Vice President Karen Lynch as its next CEO, effective Feb. 1, replacing the retiring Larry Merlo. Separately, CVS reported better-than-expected sales and profit for its latest quarter, as prescription drug volumes rebounded. Shares rose 2% in
Sales associates at one of Alibaba-owned InTime’s store display products for sale during a livestream. InTime | Alibaba BEIJING – The fickle Chinese consumer has latched onto a set of new preferences for watching videos, a trend investors and media giants are tapping into. Late on Thursday, short-video and livestreaming app Kuaishou filed for an
This is a comparison of Thursday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policy-making meeting on Sept. 16. Text removed from the September statement is in red with a horizontal line through the middle. Text appearing for the first time in the new statement is in red and underlined.
Take a look at some of the biggest movers in the premarket: General Motors (GM) – The automaker reported quarterly earnings of $2.83 per share, beating the consensus estimate of $1.38 a share, helped by strong demand for trucks and SUVs. Revenue was essentially in line with Street forecasts. The shares rose 6.7% in premarket
Wells Fargo Securities’ Christopher Harvey won’t buy the post-election bounce. “You want to fade this rally,” the firm’s head of equity strategy told CNBC’s “Trading Nation” on Wednesday. “It’s about stimulus. We now have — or what we believe we have — is [Joe] Biden as president and no longer a blue wave.” Harvey contends
JEFF KOWALSKY | AFP | Getty Images Many workers may be at risk of losing their jobs again as some areas are imposing or considering new shutdown orders to curb a surge in coronavirus cases. A judge in El Paso County, Texas, last week ordered all non-essential businesses like gyms and hair salons to close
Chinese President Xi Jinping Aris Messinis | Pool | Reuters BEIJING — In a major speech on Wednesday, Chinese President Xi Jinping talked up his country’s plans for playing a greater role in global trade, without mentioning ongoing tensions with the U.S. “We will work for the early signing of the Regional Comprehensive Economic Partnership
Election officials count absentee ballots at a polling place located in the Town of Beloit fire station on November 03, 2020 near Beloit, Wisconsin. Scott Olson | Getty Images Stock futures rose on Tuesday night following a sharp rally during regular trading while investors awaited the result of the presidential election. Dow Jones Industrial Average
Traders wait for the Wayfair IPO on the floor of the New York Stock Exchange October 2, 2014. Lucas Jackson | Reuters Check out the companies making headlines in midday trading. Alibaba — Shares dropped more than 5% after Ant Group’s record-setting initial public offering in Shanghai and Hong Kong was suspended. Alibaba owns roughly
Take a look at some of the biggest movers in the premarket: Wayfair (W) – The online home decor retailer nearly tripled the consensus estimate of 80 cents per share, with quarterly profit of $2.30 per share. Revenue also came in above estimates, benefiting from strong demand in its category and an overall ongoing shift
Fundstrat Global Advisors Tom Lee is calling for stocks to rally into year-end. It’s not dependent on any single election outcome. Rather, it takes into account three widely-talked about scenarios. Lee’s base case: Joe Biden wins with a blue wave due to his strength in the polls and betting markets. “That rally is roughly 10%,”
Colorox brand toilet bowl cleaner sits on display at a supermarket in Princeton, Ill. Daniel Acker | Bloomberg | Getty Images Check out the companies making headlines midday Monday: SolarEdge Technologies – Shares of the solar-equipment maker jumped more than 4% ahead of the company’s third-quarter results, which will be released after the bell. Research
Take a look at some of the biggest movers in the premarket: Clorox (CLX) – The household products maker reported quarterly earnings of $3.22 per share, compared to a consensus estimate of $2.32 a share. Revenue also topped forecasts, as Clorox continued to benefit from purchases by homebound consumers amid the pandemic. Clorox also raised
A man walks near the New York Stock Exchange (NYSE) on August 31, 2020 at Wall Street in New York City. Angela Weiss | AFP | Getty Images Stock futures were flat in overnight trading on Sunday as the market tried to rebound from its worst week since March. The move came as England adopted
Penguin Gentoo on the beach of the Dobrowolski Glacier with red snow in the background, a phenomenon that happens due to the heating of the water, on January 04, 2020 in King George Island, Antarctica. Alessandro Dahan | Getty Images LONDON — Socially-conscious investing has gathered a lot of momentum this year, with billions of
Take a look at some of the biggest movers in the premarket: Exxon Mobil (XOM) – Exxon lost 18 cents per share for the third quarter, smaller than the 25 cents a share loss that analysts were expecting. Revenue came in above analysts’ forecasts. Exxon is also planning smaller capital expenditures for 2021, to $16
Joe Biden, 2020 Democratic presidential nominee, right, and President Donald Trump during the presidential debate at Belmont University in Nashville, Tennessee, on Oct. 22, 2020. Kevin Dietsch/UPI/Bloomberg via Getty Images President Donald Trump and Joe Biden, his Democratic opponent in next week’s election, have broadly diverging views on issues that would impact the personal finances