In 1969, Heisman Trophy winner Roger Staubach joined the Dallas Cowboys as a 27-year-old rookie with a starting salary of $25,000 a year (a far cry from today’s rookie minimum salary of $610,000). In 1979, by the end of his 10 seasons with the Cowboys — which garnered him two Super Bowl wins, five appearances
Month: September 2020
Elon Musk Getty Images Tesla shares jumped ahead of the close on Wednesday, finishing the session 10.92% higher as the auto maker regained some ground after Tuesday’s 21% loss, which was the stock’s worst day on record. Shares of Tesla spent the entire session in the green, steadily moving higher during afternoon trading before closing
Lululemon Athletica store logo and sign in Philadelphia. Gilbert Carrasquillo | Getty Images Lululemon on Tuesday reported surprise revenue growth, despite lockdowns during the height of the coronavirus pandemic, as stores started reopening in the fiscal second quarter and consumers stocked up on workout apparel and yoga accessories. But its stock fell by more than 6% in
A J.C. Penney store in Laguna Hills, California Scott Mlyn | CNBC U.S. mall owners Simon Property Group and Brookfield Property Partners are close to finalizing an $800 million deal to rescue the embattled department store chain J.C. Penney from bankruptcy, avoiding a total liquidation and saving about 70,000 jobs and 650 stores, Joshua Sussberg of
As the pandemic rages on, many people have one less thing to worry about: Getting evicted. No-Mad | iStock | Getty Images What does the ban do? It bans evictions due to non-payment of rent in most residential properties between Sept. 4 and Dec. 31. Who’s eligible? You’ll need to attest on a declaration form that
Zhong Shanshan, the chairman of Nongfu Spring Company, attends the Nongfu Spring new product launch conference on February 1, 2015 in Baishan, Jilin Province of China. Jiang Xin | VCG | Getty Images BEIJING — The public offering of a bottled water giant has propelled its founder into the ranks of the three richest people in
Stewart Butterfield, co-founder and chief executive officer of Slack Technologies Inc., speaks during an event in San Francisco, California. David Paul Morris | Bloomberg | Getty Images Slack shares fell as much as 20% in extended trading on Tuesday after the team communications software company reported fiscal second-quarter results and full-year guidance that exceeded analysts’
Getty Images Grocery chain Giant Eagle turned one of its stores into a checkout-less shopping experience. A handful of Price Chopper stores in Missouri are offering shoppers access to an app that can scan items and tally up their order, allowing them to skip the checkout line. Wegmans piloted a self-checkout app at three stores prior
After a recent failed military and civilian uprising and violent protests against the Maduro regime, ordinary Venezuelans still see no end to the crisis. Gideon Long reports from Caracas. Read more at https://on.ft.com/2LF50Ls ► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs For more video content from the Financial Times, visit http://www.FT.com/video Twitter https://twitter.com/ftvideo Facebook
Tetra Images – Daniel Grill | Brand X Pictures | Getty Images Millions of Americans who were shut out of $1,200 coronavirus stimulus payments this year are about to get one more chance at a check. Later this month, the IRS will begin mailing letters to about 9 million people who normally don’t file a
Tesla CEO Elon Musk speaks at an opening ceremony for Tesla China-made Model Y program in Shanghai on Jan. 7. Aly Song | Reuters Most investors can relate to the dilemma faced by the S&P Dow Jones Indices committee as it bypassed Tesla for inclusion in the S&P 500 last week. Tesla had more than
Macallan 18 Mark Littler LTD A 28-year-old has sold a collection of whisky given to him each year by his father as a birthday present, for £44,000 ($57,363), in order to buy his first home. Matthew Robson, who lives in Somerset in the south of England, was given a bottle of 18-year-old Macallan single malt
A customer looks at athletic apparel inside a Lululemon store. Xaume Olleros | Bloomberg | Getty Images Check out the companies making headlines after the bell: Slack — Shares of the messaging platform tanked 14% in after hours trading on Tuesday despite its better-than-expected quarterly results. Revenue came in at $215.9 million, higher than the estimated
A group of drugmakers competing to bring a coronavirus vaccine to market plan to issue a public statement as soon as next week that says they will not seek government approval until enough data has been collected to ensure the drugs are safe and effective, CNBC confirmed Saturday. An early draft of the joint statement
A Temasek Holdings signage at their office in Singapore. Munshi Ahmed | Bloomberg | Getty Images SINGAPORE — Singapore’s state investment company Temasek said Tuesday the net value of its portfolio fell for the first time since 2016 as the coronavirus pandemic hit global markets. The size of Temasek’s portfolio fell to 306 billion Singapore dollars
The coronavirus pandemic has upended the retail industry and pushed dozens of companies into bankruptcy. But there are still pockets of growth, with a number of retailers looking to open additional stores. Altogether, as of Friday, retailers have announced 7,707 store closures and 3,344 store openings so far this year, according to a tracking by
Long-time market bull Ed Yardeni is on correction watch. The Yardeni Research President predicts more losses as investors look to lighten up on the historic rally’s biggest winners: Mega big cap growth stocks, particularly technology. But he contends that’s not such a bad thing. “The market has had a huge move since March 23. The
John David Washington stars in the upcoming spy-thriller “Tenet” from director Christopher Nolan. Warner Bros. After months of delays Christopher Nolan’s “Tenet” finally landed in U.S. theaters over the weekend, cashing in more than $20 million in ticket sales. The spy thriller, distributed by Warner Bros., inched closer to $150 million globally, the company reported,
Ariel Skelley | DigitalVision | Getty Images Saving for retirement could look very different during the pandemic. Especially vulnerable are independent business owners and the self-employed, who in the best of times are on the hook for not only funding their own future retirement but daily income, as well. Even before the pandemic, just 13% of those
Take a look at some of the biggest movers in the premarket: DocuSign (DOCU) – The provider of electronic signature technology reported quarterly earnings of 17 cents per share, more than doubling the 8 cents a share consensus estimate. Revenue also beat forecasts and DocuSign issued upbeat full-year guidance. Broadcom (AVGO) – Broadcom came in
Greg Berndt takes a selfie as the thermometer reads 131 degrees Fahrenheit (55 Celsius) at the Furnace Creek Visitors Center in Death Valley, California, U.S. August 17, 2020. David Becker | Reuters A dangerous heat wave is expected to hit California over the weekend and trigger one of the hottest days in state history. Temperatures
People pass by The New York Stock Exchange on Aug. 3, 2020. Angela Weiss | AFP | Getty Images You may be tempted to revisit your retirement investing strategy now that stocks are falling, but history shows those who get the best return on their money stay the course. The Dow Jones Industrial Average dropped more
Shoppers walking into a Lululemon store Scott Mlyn | CNBC How do investors pick stocks poised to outperform in the current environment? Stocks are tumbling in a tech-led selloff after reaching record highs over the last few weeks. However, even after the pullback, the S&P 500 has still surged almost 19% on a one-year basis.
Jamie Dimon, chairman and CEO of JPMorgan Chase, manages over 250,000 employees globally – and when looking to hire new people or promote within, he looks for key “leadership” characteristics. “Management, in an important way, is facts, analysis, details, follow-up [and] discipline. And it is hard. You have to do it all the time – [managing] sales, balance
Jack Dorsey, chief executive officer of Twitter Inc. and Square Inc., speaks during an Empowering Entrepreneurs events at Ryerson University in Toronto, Ontario, Canada, on Tuesday, April 2, 2019. Cole Burston | Bloomberg | Getty Images A remarkable changing of the guard is happening in finance. This week, the market capitalization of fintech payments firm Square exceeded
This week’s announcement of the permanent closure of the iconic 44-story Hilton Times Square hotel in the heart of New York City was a wake-up call for the embattled hospitality industry, especially in urban markets suffering from a coronavirus-driven tourism drought. The move follows a decision earlier this week by Ashford Hospitality to hand over the
Traders work during the opening bell at the New York Stock Exchange on March 5, 2020. Johannes Eisele | AFP | Getty Images It may feel that much of our lives are on pause during the pandemic. But not the stock market. Especially over the last few days. On Thursday, the S&P 500 tech sector
Macy’s, which is known for kicking off the holiday season with its nationally televised Thanksgiving Day parade, is painting a picture of a holiday season unlike any other. As the country still grapples with the global coronavirus pandemic, CEO Jeff Gennette said Wednesday he is anticipating a more drawn-out holiday season — with shopping kicking off
Niraj Shah, CEO, Wayfair Ashlee Espinal | CNBC Check out the companies making headlines in midday trading. Tesla — Tesla shares whipsawed in midday trading, trading higher by 0.5% after falling as much as 8.5% and into bear-market territory earlier in the session. The stock of the electric car maker has come under marked pressure
DETROIT – Jeep aims to punch above its weight with the arrival next year of the Grand Wagoneer, a vehicle will top $100,000 fully loaded and bring the brand into the highly profitable large SUV segment. But defying skeptics as an underdog is something its parent company, Fiat Chrysler, has taken pride in doing as the smallest