Finance

Check out the companies making headlines before the bell Thursday: Ollie’s Bargain Outlet (OLLI) — Shares of the retailer slid more than 11% following commentary around a slowdown in the company’s fourth-quarter trends. “Quarter-to-date, our comparable-store sales increases are tracking in the low single-digits,” CEO John Swygert said in a statement. Goldman Sachs downgraded 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 — The retail stock sank 9% after the company declined to give guidance as part of its third-quarter earnings report. Big Lots beat analyst expectations on

People receive food at a distribution site during the coronavirus pandemic. Spencer Platt | Getty Images News | Getty Images The U.S. economy added 245,000 jobs in November and the unemployment rate fell to 6.7%, the Bureau of Labor Statistics said Friday. It’s the seventh consecutive month of improvement from the depths of the Covid

President Donald Trump has a bill on his desk that could kick several Chinese companies off of U.S. stock exchanges and inflame an already strained relationship between Washington and Beijing. The Holding Foreign Companies Accountable Act would force companies to give up their listings on Wall Street if they refuse to open their books to

Nikolay Storonsky, chief executive of Revolut, on stage at the MoneyConf fintech event in Lisbon, Portugal. Seb Daly | Web Summit | Getty Images LONDON — Digital banking start-up Revolut on Friday launched tools for its business clients to accept payments online, looking to compete with payment giants such as Stripe and Adyen. Revolut said

Wall Street may be underpricing a risk associated with the next Federal Reserve meeting on interest rates. According to Richard Bernstein Advisors’ Michael Contopoulos, it may come down to President-elect Joe Biden’s pick for Treasury secretary: former Fed Chair Janet Yellen. Contopoulos speculates the Fed could see her appointment as a dovish influence and it

Traders work on the floor of the New York Stock Exchange. NYSE Stock futures were little changed in overnight trading on Thursday as investors awaited a key November jobs report to gauge the pace of labor market recovery in the face of a worsening pandemic. Futures on the Dow Jones Industrial Average gained 20 points.

Check out the companies making headlines before the bell Thursday: Express (EXPR) — Shares of Express tanked 25% after the retailer reported a wider-than-expected earnings loss. Express said it lost $1.39 per share in the third quarter, versus an estimated loss of 51 cents per Refinitiv. Its revenue also missed expectations. Tesla (TSLA) — Shares

There may be more juice left in the fourth quarter. Ally Invest’s Lindsey Bell said she believes the backdrop supports December gains. “We’re positive that it will be a good end to 2020,” the firm’s chief investment strategist told CNBC’s “Trading Nation” on Wednesday. Bell sees optimism surrounding another coronavirus aid package providing a near-term

Ariel Investments co-CEO and president Mellody Hobson speaks at the 2017 Fortune Most Powerful Women Summit in Washington, D.C. Paul Morigi | Getty Images Entertainment | Getty Images The lack of diversity across the highest ranks of corporate America is certainly not new, but in recent months social unrest has brought the issue into the

Rebecca Macieira-Kaufmann Source: European fintech giant Revolut has hired former Citigroup executive Rebecca Macieira-Kaufmann to its U.S. board as it seeks to expand in the world’s biggest economy. Macieira-Kaufmann spent 12 years at Citigroup, most recently as head of Citigroup’s International Personal Bank in the U.S., which is the firm’s offshore wealth management arm. Revolut,

It may be a good time to lock in market gains for the year. Credit Suisse’s Jonathan Golub believes the latest all-time highs will run into trouble this month. “If you’re somebody who just came into a boatload of money … perhaps [wait] until after inauguration,” the firm’s chief U.S. equity strategist told CNBC’s “Trading

U.S. stock futures were flat in overnight trading on Tuesday, building on recent strength that has brought the major averages to record highs. Dow futures fell 45 points. S&P 500 futures fell 0.02% and Nasdaq 100 futures gained 0.08%. Dow component Salesforce announced it is acquiring messaging platform Slack for $27.7 billion after the bell

Ether, the digital token of the Ethereum blockchain, is the second-largest cryptocurrency in the world by market value. Jaap Arriens | NurPhoto via Getty Images While you’ve been watching the price of bitcoin soar to an all-time high, another cryptocurrency has been quietly staging a comeback of its own. Ether, the world’s second-largest virtual currency

The U.S. may be on the cusp of a double-dip recession. Economist Stephen Roach believes surging coronavirus cases are disrupting Wall Street’s hopes for a V-shaped recovery. “With the infection rate soaring right now, a still vulnerable U.S. economy is likely to experience further lockdowns,” the Yale University senior fellow told CNBC’s “Trading Nation” on

Traders work on the floor of the New York Stock Exchange on Nov. 4th. 2020. NYSE U.S. stock futures rose on Monday night after the major averages notched sharp monthly gains for November. The Dow rallied 11.8% in November, posting its best one-month performance since January 1987. The S&P 500 and Nasdaq Composite rose 10.8%

Cameron (L) and Tyler (R) Winklevoss. Adam Jeffery | CNBC Early bitcoin investors and founders of crypto-exchange Gemini, Tyler and Cameron Winklevoss, see bitcoin gaining more than 25 times its current value as more investors adopt the cryptocurrency as an inflation hedge. “We think it will be the best performing asset of the current decade,”

One of Wall Street’s biggest bulls expects another market breakout. Capital Wealth Planning’s Jeff Saut sees the S&P 500 hitting 4,000 before year-end — a 10% gain from Friday’s close and an 83% gain from the March 23 low. “Earnings are going to continue to come in better than most people think,” the firm’s advisory

Stock futures rose slightly in overnight trading on Sunday as the market looks set to finish November with historically strong gains. Futures on the Dow Jones Industrial Average gained 64 points. S&P 500 futures traded 0.3% higher and Nasdaq 100 futures gained 0.5%. The blue-chip Dow has risen 12.9% so far this month, on pace

Take a look at some of the biggest movers in the premarket: AstraZeneca (AZN) – AstraZeneca is likely to run a new global trial of its Covid-19 vaccine candidate, according to CEO Pascal Soriot. He told Bloomberg News that the drugmaker may launch a fresh study testing the vaccine at a lower dosage, rather than