Apple CEO Tim Cook delivers the keynote address during the 2020 Apple Worldwide Developers Conference at Steve Jobs Theater in Cupertino, California, June 22, 2020. Brooks Kraft | Apple Inc. via Reuters The blistering rally that pushed Apple‘s market value over $2 trillion this week is showing no signs of slowing. Shares of Apple jumped
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John Deere combine harvesters sit on display during the Farm Progress Show in Boone, Iowa, U.S., on Tuesday, Aug. 28, 2018. Daniel Acker | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Deere — Shares of the farm-machinery company rose 4.7% on Friday after Deere beat Wall Street expectations on the top
Inmate firefighters prepare to put out flame on the road leading to the Reagan Presidential Library during the Easy Fire in Simi Valley, California on October 30, 2019. Mark Ralston | AFP | Getty Images Deadly wildfires are still ripping through California, decimating land and homes and forcing thousands of people to evacuate. But first responders lack
Take a look at some of the biggest movers in the premarket: Deere (DE) – The heavy equipment maker reported quarterly earnings of $2.57 per share, well above the consensus estimate of $1.26 a share. Revenue also came in above Wall Street forecasts and Deere raised its full-year outlook, although it said many uncertainties remain
He’s known as one of Wall Street’s longtime bears. But David Rosenberg appears to exude more optimism than pessimism these days. The chief economist and strategist at Rosenberg Research sees signs the economy doesn’t require a second coronavirus aid package right now. “Maybe we don’t need to have another stimulus package this quickly because the
Events and entertainment workers gather in a protest to bring attention to their labor and unemployment on August 19 in Las Vegas, Nevada. BRIDGET BENNETT/AFP via Getty Images) Larry Kudlow, director of the U.S. National Economic Council, speaks during a press briefing at the White House on July 2. Michael Reynolds/EPA/Bloomberg via Getty Images Up
Take a look at some of the biggest movers in the premarket: Alibaba (BABA) – The China-based e-commerce giant reported better-than-expected profit and revenue for its fiscal first quarter, helped by a pandemic-related boost in online shopping. Alibaba had 874 mobile monthly active users in June, up 28 million from March. BJ’s Wholesale Club (BJ)
Jen-Hsun Huang, president and chief executive officer of Nvidia Corp., speaks during an event at the 2018 Consumer Electronics Show (CES) in Las Vegas, Nevada, U.S., on Sunday, Jan. 7, 2018. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines after the bell: Nvidia — Chipmaker Nvidia posted record sales in
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