Take a look at some of the biggest movers in the premarket: Walmart (WMT) – The retailer announced the sale of its British supermarket chain Asda for $8.8 billion. The buying group consists of private equity firm TDR Capital and the Issa brothers, founders of gasoline station chain EG Group. Uber Technologies (UBER) – Private
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U.S. stock index futures were little changed in overnight trading as U.S. lawmakers try to hammer out a deal on additional stimulus measures. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin spoke once again on Thursday in an effort to ink a deal for another coronavirus relief package, but they remained at odds. In
Nikola Motor Company Badger pickup truck Source: Nikola Motor Company Nikola shares surged on Thursday, one day after the company said its production timeline and factory plans remain on track amid widespread investor anxiety regarding the company’s business as well as its planned deal with General Motors. The stock soared by as much as 31%
U.S. stock futures were flat in overnight trading, as investors braced for the start of the fourth quarter with hopes of fiscal stimulus. Dow futures rose 30 points. S&P 500 futures and Nasdaq 100 futures ticked up 0.18% and 0.12%, respectively. The House of Representatives delayed the vote on a $2.2 trillion rescue package on
Check out the companies making headlines in midday trading. Datadog — Shares of Datadog popped more than 11% after the cloud security platform announced a new strategic partnership with Microsoft’s cloud computing service Azure. Datadog will now be available in the Azure console as a first-class service, the company said. Nikola — Nikola soared 11% after
A pedestrian wearing a face mask looks at a smartphone while passing in front of the New York Stock Exchange (NYSE) in New York, on Monday, July 20, 2020. Michael Nagle | Bloomberg | Getty Images U.S. stock futures traded flat on Tuesday night after the release of coronavirus treatment data from Regeneron Pharmaceuticals while
Money manager Loreen Gilbert is optimistic the market will return to all-time highs this year, and it has nothing to do with who wins the presidential election. She’s building her case on a strong — albeit uneven — economic recovery. “You can’t fight the train that’s already in motion,” WealthWise Financial CEO, told CNBC’s “Trading
Ethan Brown, founder and chief executive officer of Beyond Meat, center, celebrates with his wife Tracy Brown, center left, and guests during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, on Thursday, May 2, 2019. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines in midday
Porsche is working with third-party operators for more than 200,000 charging points in China. Evelyn Cheng | CNBC BEIJING – Luxury and electric vehicles emerged as bright spots at this year’s Beijing Auto Show, which kicked off this weekend in the aftermath of the coronavirus pandemic with about 200 fewer vehicles than previous shows. China
Evan Spiegel, co-founder and chief executive officer of Snap Inc., speaks during the New Work Summit in Half Moon Bay, California, U.S., on Monday, Feb. 25, 2019. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines midday Monday: Devon Energy, WPX Energy — Shares of Devon jumped 9% while WPX
U.S. government debt prices were lower on Monday as investors monitored rising coronavirus cases and political developments. The yield on the benchmark 10-year Treasury note rose to 0.66%, while the yield on the 30-year Treasury bond was also higher at 1.41%. Bond yields move inversely to prices. Signs of a worsening pandemic continue to keep investors
Spencer Platt | Getty Images News | Getty Images Stock futures rose slightly in overnight trading on Sunday following a four-week losing streak on Wall Street. Futures on the Dow Jones Industrial Average climbed about 80 points. The S&P 500 futures gained 0.2% and the Nasdaq 100 futures rose 0.3%. The S&P 500 and the
shapecharge | E+ | Getty Images Racial inequality is bad for the U.S. in innumerable ways, of course, many of which are hard to calculate directly. But now Citi has put a number to at least one aspect of social injustice, finding in a new study that $16 trillion has been erased from U.S. GDP
With a little more than five weeks before Election Day, Allianz Global Investors’ Mona Mahajan speculates the worst of the correction is behind the market. She believes true fear on Wall Street is absent, and the current level of uncertainty should limit sharp upside and downside moves. “A lot of institutional investors buyers, especially, are
People visit China Telecom’s booth during 2019 World 5G Convention at Beijing Etrong International Exhibition & Convention Center on November 21, 2019 in Beijing, China. VCG | Getty Images BEIJING — Global investors are stepping up their bets on Asia, particularly China, regardless of the coronavirus pandemic’s shock to growth or growing geopolitical tensions. Just this
Tesla vehicles are displayed in a Manhattan dealership on September 08, 2020 in New York City. Spencer Platt | Getty Images Check out the companies making headlines in midday trading: Bristol-Myers Squibb — Shares of the pharmaceutical company rose 1.2% after it announced positive interim results from a phase three trial of an immunotherapy drug
Take a look at some of the biggest movers in the premarket: Costco (COST) – Costco reported quarterly earnings of $3.04 per share, 20 cents a share above estimates. The warehouse retailer’s revenue also beat Wall Street forecasts. Comparable-store sales rose 11.4% compared to the 7.8% consensus estimate of analysts polled by Refinitiv. Costco also
A Chinese national flag seen in front of Oriental Pearl Tower in Shanghai on September 8, 2019. Alex Tai | SOPA Images | LightRocket via Getty Images SINGAPORE — Major index provider FTSE Russell said Thursday it will add Chinese government bonds to its flagship World Government Bond Index from October next year — a development
Steelcase Office solutions redesigned for Coronavirus Source: Steelcase What will the post-Covid workplace look like? Steelcase is one of the largest manufacturers of office furniture — desks, chairs, storage products and office pods — and they have a lot of ideas. They are partnering with MIT to better understand how air circulates in an office
Take a look at some of the biggest movers in the premarket: Accenture (ACN) – The consulting firm reported quarterly profit of $1.70 per share, falling 3 cents a share short of Wall Street forecasts. Revenue also came in slightly shy of estimates and the company gave a weaker-than-expected current-quarter revenue forecast, as clients spend less