Shoppers pass a Coach display in Macy’s, New York. Scott Mlyn | CNBC Coach owner Tapestry on Thursday reported holiday-quarter earnings and sales that topped analysts’ estimates, helped by a surge in demand for its handbags in China and online. Its shares were recently up more than 1% in premarket trading. Here’s how the company
admin
Signage is displayed outside a Yum! Brands Inc. Taco Bell and Kentucky Fried Chicken (KFC) restaurant in Louisville, Kentucky, U.S., on Thursday, Jan. 30, 2020. Luke Sharrett | Bloomberg | Getty Images Yum Brands on Thursday reported quarterly earnings and revenue that topped analyst predictions, despite international dining room closures weighing on same-store sales growth
An investor looks at an electronic board showing stock information at a brokerage house in Nanjing, Jiangsu province, China. Reuters BEIJING — The recent short selling frenzy on Wall Street will not likely come to China, where there are many more market restrictions. Short selling refers to a trading strategy that allows investors to bet
The economic report to watch this week may disappoint Wall Street. According to MKM Partners’ Michael Darda, the January jobs report out Friday will likely show the labor market needs more time to recover from coronavirus case spikes and closures. “We have a slight chance of a beat, but it’s uncertain,” the firm’s chief economist
Take a look at some of the biggest movers in the premarket: Canada Goose (GOOS) – Canada Goose shares surged more than 15% in the premarket after the outerwear maker beat estimates on both the top and bottom lines. Results were helped by strong growth in China sales as well as a surge in online
Wall Street is concerned about the Yellen regulator super-summit, and with good reason, market watchers say. “The Street should be worried,” Jamie Selway, former head of electronic brokerage at ITG and now an investment advisor, told me. “There’s clearly questions about gamification, and whether a lot of these approaches are suitable and inducing unnecessary trading
[The stream is slated to start at 08:00 ET. Please refresh the page if you do not see a player above at that time.] Bank of England Governor Andrew Bailey is speaking at a press conference following the U.K. central bank’s latest monetary policy decision. Investors will likely watch for any comments from Bailey on
A woman carries an umbrella as she walks past the New York Stock Exchange (NYSE), February 9, 2017 in New York City. Drew Angerer | Getty Images Futures contracts tied to the major U.S. stock indexes rose at the start of the overnight session Wednesday evening, suggesting an extension to the S&P 500’s three-day win
Jakub Porzycki/NurPhoto via Getty Images GameStop’s stock is tanking again on Thursday, as the Reddit-fueled trade continues to unravel. Shares of GameStop are down more than 30% on Thursday, brining the brick-and-mortar video game retailer’s weekly losses to more than 80%. The drop in price comes despite the rollback of trading limits from stock trading
The chefs of Melbourne are a proud bunch — and they create dishes that travelers won’t find anywhere else in the world. They understand food, make the most of the seasonal produce and like to create an experience as much as fine flavors. From breakfast through closing time, here are five dishes that define the
Indonesia is renowned for its millions of traditional family-owned street stalls, or “warungs.” But behind the scenes of many of them is a multibillion-dollar business. And as it helps small businesses modernize, retail start-up Bukalapak is hoping to revive an iconic segment of the country’s economy. “Every maybe 50 or 100 houses, there will be one of
Rachmat Kaimuddin was not even 100 days into his new role as CEO of Indonesian e-commerce marketplace Bukalapak when the pandemic hit. It marked a crossroad for one of the country’s leading start-ups, which had to act fast to support millions of family-owned street stalls for whom it provides digital services. But it was a
Going green is increasingly becoming a way to make bank. Elon Musk, the CEO of Tesla, is the richest of the billionaires who owe their fortune to technologies that reduce carbon emissions in the atmosphere, according to an analysis by Bloomberg Green that was published Tuesday. A full $180.7 billion of Musk’s $199.2 billion net
Jeff Bezos announced on Tuesday that he will step down as Amazon CEO later this year and transition to executive chair of the company’s board – his successor will be Andy Jassy, who has built Amazon Web Services, or AWS, into a multibillion-dollar business. Although he has not had the spotlight like Bezos, Jassy has
Executives, directors and members of the Koss family sold more than $44 million in stock in Koss Corp. over the past week as shares soared from the retail-investor buying frenzy. Members of the Koss family, who own about 75% of the Milwaukee-based maker of headphones, sold $31 million of stock, according to filings with the
Khailee Ng has a keen nose for spotting promising start-ups. As a managing partner for venture capital firm 500 Startups, he is tasked with identifying and helping cultivate some of the businesses of the future. And he has advice for would-be founders hoping to build the next big thing: Look beyond the top segment of
A pedestrian and cyclist wear facemasks outside a branch of department store chain Nordstrom in Santa Monica, California on May 11, 2020. Frederic J. Brown | AFP | Getty Images Nordstrom said Thursday it expects revenue to rise more than 25% in fiscal 2021 from the prior year, with roughly half of its sales coming
When Mark Cuban first started trading stocks, he learned some “expensive lessons.” That’s why he says it’s important to assess your personal financial situation before trading or investing in the market, he said. “If you are buying [a stock] because you need the price to go up and solve a financial hole you are in,
A sign is seen at the entrance of the ExxonMobil Port Allen Lubricants Plant in Port Allen, Louisiana, November 6, 2015. Lee Celano | Reuters Exxon Mobil said Tuesday that it lost $20.1 billion during the most recent quarter, its fourth straight quarter of losses as the energy giant continues to grapple with the pandemic’s
[This livestream is scheduled to begin momentarily. Please refresh the page if you do not see the player above.] SpaceX is preparing to launch the latest prototype of its next-generation Starship rocket on Tuesday, in the second high-altitude flight test of the system. Starship prototype Serial Number 9, or SN9, will fly as high as