Katrina Lake, CEO of Stitch Fix Adam Jeffery | CNBC Stitch Fix shares dropped by more than 13% in after-hours trading Tuesday as the company reported steep losses for the fiscal fourth quarter. Here’s how the company did during its fiscal fourth quarter ended Aug. 1 compared with Refinitiv estimates: Loss per share: 44 cents vs.
Month: September 2020
A Tesla Inc. vehicle charges at a charging station in San Mateo, California, U.S., on Tuesday, Sept. 22, 2020. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines after the bell: Jefferies Financial Group — Shares of the financial services firm jumped more than 14% following the company’s third quarter
J.P. Morgan Chase CEO Jamie Dimon Getty Images SINGAPORE — J.P. Morgan Chase’s Chief Executive Jamie Dimon said he’s not against higher taxes on the rich, but a wealth tax is not the way to do it. “A wealth tax is almost impossible to do,” he told CNBC-TV18 at the J.P. Morgan India summit on
In this photo illustration, the Interactive Brokers LLC logo seen displayed on a smartphone. Igor Golovniov | LightRocket | Getty Images Market action around the election is expected to be so volatile that Interactive Brokers is forcing clients to put up more money in order to trade using leverage. The retail broker is increasing margin
A health worker injects a person during clinical trials for a Covid-19 vaccine at Research Centers of America in Hollywood, Florida. Eva Marie Uzcategui | Bloomberg | Getty Images If you’re on Medicare and hope to get a coronavirus vaccine as soon as it’s available, it may take an act of Congress for it to
Topline Eric Trump must testify in a New York state investigation into the financial affairs of his father President Trump and his businesses before the election, a judge ruled Wednesday, rejecting his attorney’s claims that his “extreme travel schedule” and “related unavailability” on the campaign trail warrant a delay. Eric Trump pre-records his Republican National
Americans receive emergency payments stimulus checks government US 100 dollar bills currency on … [+] Global pandemic Covid 19 lockdown getty The House and the Senate haven’t been able to come to terms on the next stimulus bill. This month promises to be busy with next year’s spending bill, the possible vote for a new
Topline JPMorgan Chase CEO Jamie Dimon told CNBC that he supported higher taxes on the rich as a way to boost economic growth, but that a wealth tax would be “almost impossible” to implement compared to an income tax. The JPMorgan CEO said higher taxes on the rich could help economic growth. Alex Wroblewski/Getty Images
Johnson & Johnson has begun its phase three trial testing its potential coronavirus vaccine, the pharmaceutical company announced Wednesday. J&J is the fourth drugmaker backed by the Trump administration’s Covid-19 vaccine program Operation Warp Speed to enter late-stage testing. The other companies are Moderna, Pfizer and AstraZeneca. The trial will enroll up to 60,000 adult volunteers across
Shoppers, some wearing PPE (personal protective equipment), of a face mask or covering as a precautionary measure against COVID-19, queue to enter a recently re-opened Nike store at Gunwharf Keys shopping centre in Portsmouth, southern England on June 16, 2020. Adrian Dennis | AFP | Getty Images Nike‘s quarterly earnings and revenue trounced analysts’ estimates,
U.S. stock futures were mixed in early morning trading on Wednesday after the S&P 500 experienced its first positive day in five. Dow futures rose 106 points. S&P 500 futures were flat, while Nasdaq 100 futures traded in negative territory. Better-than-expected earnings from Nike and KB Home lifted sentiment on Wall Street after the bell
Finding a career that you’re passionate about is “the best thing that can happen to you,” entrepreneur Kevin O’Leary tells CNBC Make It. That way, “the hours that you’re working don’t seem like work at all,” O’Leary, an investor on ABC’s “Shark Tank” and chairman of O’Shares ETFs, says. “That’s the magic of finding the right
Investors turned on their favorite group of stocks recently, dumping tech shares in historic numbers and increasing their bets against the sector amid a September sell-off. The move came just before the shares began to stabilize this week, but it remains to be seen whether the bearish tilt represented the kind of capitulation that marks
Oliver Rossi | Stone | Getty Images Once you hit your 50s, retirement is no longer something happening far off in the future. Whether you have been a super-saver your entire career or are just starting to think about retirement, it’s time to take a serious look at what you expect your golden years to
Matt Weirich is CEO and Co-founder of Realync, the leading video leasing and engagement platform for the entire resident lifecycle. getty The budget season for multifamily communities is upon us! Every year, multifamily teams’ budgets take into account a variety of variables: weather, unemployment, regulations, utility bills, you name it. But one variable no one accounted
Topline Wall Street analysts warn that the death of Supreme Court Justice Ruth Bader Ginsburg—and the ensuing battle over her successor—will engulf Washington and further decrease the likelihood of another fiscal stimulus bill to help the economy recover from the coronavirus recession. House Speaker Nancy Pelosi (D-Calif.), Senate Majority Leader Mitch McConnell (R-KY) and Senate
Economic Security Planning, Inc. Today’s column addresses questions about how Social Security spousal benefit rates are calculated, when divorced spousal benefits can be available and widow’s benefits before full retirement age while still working. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc, which
From working with Will Smith and Kevin Hart, to hosting thousands of events across the globe, Xiaoyin Qu’s schedule has been packed lately. In May, the 27-year-old Stanford dropout added the A-list entertainers to a string of big names eager to back her virtual events start-up with $10.8 million, as investors sought to ride the rising
A couple wearing protective facemasks as a prevention measure against the COVID-19 coronavirus walk at a nearly empty shopping mall in Beijing on February 27, 2020. Nicolas Asfouri | AFP | Getty Images BEIJING — Chinese fervor for online shopping waned in August, a sign that the world’s second-largest economy still faces many challenges as it
Earlier this year, social distancing and the cataclysmic drop in demand for air travel was expected to bring a sharp rise in airfare prices. Flying was going to get expensive — a lot more expensive, according to some. Commercial aviation, the conventional wisdom said, would return to its 1950s roots as a luxury available only
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