Take a look at some of the biggest movers in the premarket: McDonald’s (MCD) – The restaurant chain reported quarterly profit of 66 cents per share, shy of the 74 cents a share consensus estimate. Revenue came in above Wall Street projections. Comparable-restaurant sales were down 23.9% globally, slightly wider than the 22.8% consensus estimate.
Finance
Stock futures were flat in overnight trading as investors prepared for a slew of earnings from major U.S. businesses on Tuesday. Dow futures rose 40 points or 0.15%. The S&P 500 and Nasdaq-100 futures rose 0.15% and 0.18%, respectively. Senate Majority Leader Mitch McConnell unveiled the Republican coronavirus relief plan Monday after the bell. The legislation would
A multiple sclerosis drug is manufactured at the Biogen Idec plant in Cambridge, Mass. Essdras M Suarez | The Boston Globe | Getty Images Check out the companies making headlines midday Monday: Biogen — A Morgan Stanley analyst upgraded the biopharma company to overweight from underweight and predicted a 30% rally in the stock over
Take a look at some of the biggest movers in the premarket: Hasbro (HAS) – The toymaker reported quarterly earnings of 2 cents per share, short of the 23 cents a share consensus estimate. Revenue also came in well short of forecasts, hurt by store closures and product shortages despite strong consumer demand. The company
A man wearing a mask walks by 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 slipped on Sunday night as investors braced for a big week of corporate earnings and lawmakers continued coronavirus stimulus negotiations. Dow
Take a look at some of the biggest movers in the premarket: Verizon (VZ) – Verizon reported quarterly profit of $1.18 per share, 3 cents a share above estimates. Revenue beat forecasts as well. Verizon said it experienced a negative impact from Covid-19, which hurt wireless service and ad spending revenue. American Express (AXP) –
Copies of the Financial Daily newspaper featuring a front page report on Goldman Sachs Group Inc. are displayed for sale at a stand in Kuala Lumpur, Malaysia, on Tuesday, Dec. 18, 2018. Nadirah Zakariya | Bloomberg | Getty Images Goldman Sachs said Friday it has settled a key part of an international scandal by agreeing
NYSE President Stacey Cunningham said Friday that individual investors have participated in a big way during the market’s record rally that’s seen the S&P 500 jump 48% from its March 23 low. “The retail investor has been a big part of the market over the past several months for a variety of reasons,” Cunningham said
Tesla CEO Elon Musk arrives at federal court, April 4, 2019 in New York City. A federal judge will hear oral arguments this afternoon in a lawsuit brought by the U.S. Securities and Exchange Commission (SEC) that seeks to hold Musk in contempt for violating a settlement deal. Drew Angerer | Getty Images Tesla shares
Leonhard Foeger | Reuters Gold prices rose to an all-time high Friday as investors sought safety in the precious metal amid rising U.S.-China tensions and lingering fears over the coronavirus pandemic. The metal’s August futures contract rose 0.4% to settle at $1,897.50 per ounce, according to data from the CME Group. This also marked gold’s
Laurence “Larry” Fink, chairman and chief executive officer of BlackRock. Chris Goodney | Bloomberg | Getty Images Company insiders are dumping shares as stocks experience their epic rebound from the coronavirus recession. The sales are a major shift from the insider buying frenzy during the market bottom in March. Among the sellers are the heads
Brendan McDermid | Reuters U.S. stock futures were flat on Thursday night after broad declines in the major tech names pushed the major averages lower during regular trading. Dow Jones Industrial Average futures were down just 2 points, or less than 0.05%. S&P 500 futures gained 0.1% and Nasdaq 100 futures advanced 0.3%. The Dow
PNC Financial’s Amanda Agati warns a winning Main Street trade may burn investors. According to the firm’s chief investment strategist, fundamentals don’t support small cap value’s recent strong run. “If you just look at things from a forward P/E [price to earnings] perspective, small cap value is at an all-time high, if you can believe
Jason Wilk, Dave The digital banking wars are heating up. Upstarts including Chime and Current have added hundreds of thousands of users since the coronavirus pandemic began as more Americans seek out mobile-first banking apps free from penalties like overdraft fees. To that field, enter Dave, a Los Angeles-based start-up last valued at $1.2 billion.
Pedestrians wearing protective masks walk past a Microsoft Technology Center in New York, on Wednesday, July 22, 2020. Jeenah Moon | Bloomberg via Getty Images Check out the companies making headlines after the bell: Microsoft — Shares of Microsoft dropped 2% in after hours after the company’s fourth-quarter earnings beat estimates. The technology company reported earnings
Economist Stephen Roach warns V-shaped recovery mania on Wall Street is leading investors astray. According to Roach, the U.S. is on a collision course with a second dramatic downturn. “The odds of a relapse, not just the virus but in the economy itself — the so-called dreaded double-dip, is very real,” the former Morgan Stanley Asia
Markus Braun, chief executive officer of Wirecard AG, arrives for the company’s annual news conference in the Aschheim district of Munich, Germany, on Tuesday, April 25, 2019. Michaela Handrek-Rehle | Bloomberg via Getty Images The former CEO of collapsed German payments company Wirecard, Markus Braun, has been rearrested in Munich, prosecutors in the Bavarian capital said
Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC This week, Bill Ackman, through Pershing Square Holdings, is sponsoring the largest Special Purpose Acquisition Company ever raised. A SPAC, also known as blank check companies, has no commercial operations and is formed strictly to raise capital through an initial public
U.S. stock futures were flat in overnight trading ahead of major technology earnings from Microsoft and Tesla on Wednesday. Dow futures rose 20 points. The S&P 500 and Nasdaq-100 futures rose 0.05% and 0.07%, respectively. A few disappointing company earnings after the bell Tuesday weighed on investor sentiment. Shares of Snap dropped more than 9% in
President Donald Trump discussed a proposed round of federal stimulus aid with House Minority Leader Kevin McCarthy, R-Calif., (left) and Senate Majority Leader Mitch McConnell, R-Ky., (center) in the Oval Office on Monday. Photo by Doug Mills/Getty Images Enhanced unemployment benefits are likely ending sooner than many may realize. That could impose financial hardship on