U.S. stock index futures rose in overnight trading on Sunday, as the major averages looked to accelerate gains following the best week since November. Futures contracts tied to the Dow gained 75 points, or 0.27%. S&P 500 futures were 0.3% higher, while Nasdaq 100 futures advanced 0.33%. The S&P 500 closed at a record high
Month: February 2021
People volunteer for Covid-19 surveillance testing using the Quest Diagnostics self administered PCR test on on July 12, 2020 in Livingston, Montana. William Campbell | Getty Images Quest Diagnostics said Thursday that continued high demand for Covid-19 testing helped drive record revenues and earnings for the company in the fourth quarter and full year 2020.
A person walks into the Nordstrom store open for business as New York City moves into Phase 2 of re-opening following restrictions imposed to curb the coronavirus pandemic on June 29, 2020 in New York, New York. Rob Kim | Getty Images Retailers including Nordstrom, Coach owner Tapestry and Michael Kors parent Capri Holdings are
Jell-O was a household staple in the United States throughout the 20th century. Once the star of dinner parties, Jell-O is now served as shots to college students. From 2009 to 2018, Jell-O dropped $371 million in sales. We unpack what lead to its rise and fall. MORE RISE AND FALL: The Rise And Fall
It has been called a telecoms group, a semiconductor group, an investment group – even a hedge fund – but what exactly is SoftBank? The FT explains why the Japanese multinational is like a jigsaw puzzle, with the enigmatic founder and chief executive Masayoshi Son at its core See if you get the FT for
Before the pandemic, volunteers for Creighton University’s VITA program worked closely with clients to file their tax returns for free. Tom Purcell Creighton University’s Volunteer Income Tax Assistance, or VITA, program has a new look this year, thanks to the coronavirus pandemic. Instead of in-person meetings, where people sit face-to-face with students volunteering to help
A United Parcel Service worker delivers packages in New York City. Stephanie Keith | Getty Images Volatility has made its way back to Wall Street. Over the last few weeks, the trading mania related to GameStop and AMC Entertainment has hogged headlines, after a group of retail investors banded together to bid up the share
At some point during the first quarter of Sunday’s Super Bowl LV, billionaire entrepreneur Jared Isaacman is set to appear on around 100 million television screens in a 30-second spot he bought to tout “the world’s first all-civilian mission” to space — a SpaceX mission he is paying to command. The mission, dubbed Inspiration4, is
Attendees play the Activision Blizzard Inc. Call Of Duty: Black Ops 4 video game at the company’s booth during the E3 Electronic Entertainment Expo in Los Angeles, California, U.S., on Tuesday, June 12, 2018. Troy Harvey | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Ford — The legacy automaker’s
A view outside a Kohl’s store in Miramar, Florida. Johnny Louis | Getty Images Kohl’s on Thursday released preliminary fourth-quarter results, anticipating sales to be down about 10% year over year, and same-store sales dropping 11%. Its shares were up about 1% in premarket trading. Chief Executive Michelle Gass said digital sales represented more than
Prince, Beyonce and Lady Gaga performing in past Super Bowl Halftime shows. Getty Images This year’s Super Bowl may kickoff at 6:30 p.m. ET on Sunday, but for some the true entertainment starts at halftime. Since the very first Super Bowl in 1967, the championship football game has always included a halftime show. However, for
kate_sept2004 President Joe Biden wants to get more money to certain American families by expanding the child tax credit for one year. For those who are eligible, that would mean extra cash could come their way via a refund check. Now Democrats are planning to propose a bill next week to enact a long-term change
Cavan Images | Cavan | Getty Images Hunter S. Thompson famously coined the phrase ‘Buy the ticket, take the ride.’ Investors should heed the words of the cannabis iconoclast as they consider if, and most importantly when, to invest in the nascent, but booming U.S. cannabis sector. This past week, Senate Majority Leader Chuck Schumer
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
President Joe Biden speaks delivers a foreign policy address during a visit to the State Department in Washington, February 4, 2021. Tom Brenner | Reuters President Joe Biden said this weekend that it is unlikely a $15 federal minimum wage provision makes it into the next Covid-19 relief package, hitting pause on a key campaign
Unity CEO John Riccitiello speaks onstage during Day 1 of TechCrunch Disrupt SF 2018 at Moscone Center on September 5, 2018 in San Francisco, California. Steve Jennings | TechCrunch | Getty Images Unity Software shares fell as much as 14% in extended trading on Thursday after the video game engine developer provided a forecast that
A woman receives a Pfizer COVID-19 vaccine at a vaccination center established at the Triton College in River Grove, Illinois, on February 3, 2021. Kamil Krzaczynski | AFP | Getty Images Dozens of states and cities are clawing back thousands of extra doses of Covid-19 vaccine that were meant to be used by CVS and
Dan and Grace Porte lost their jobs at Target when the Covid pandemic began. The couple, in their mid-80s, had used the income to supplement Social Security. Dan and Grace Porte Dan and Grace Porte worked together for decades. In the 1970s, they started a paint and wallpaper business. Then, after the housing bubble burst
The logo of trading app Robinhood is displayed on a smartphone. Olivier Douliery | AFP via Getty Images A U.S. consumer watchdog saw a surge in complaints regarding Robinhood last week, with some clients claiming they were unable to liquidate holdings and move to other brokerage firms. The Federal Trade Commission received more than 100
Before he co-founded Twitter and became a billionaire, Jack Dorsey thought about quitting the tech industry altogether for an entirely different line of work: fashion designer. Today, 44-year-old Dorsey is the CEO of both Twitter and mobile payment company Square and has an estimated personal net worth of $12.9 billion, according to Forbes. But, before
Tiffany Hagler-Geard | Bloomberg | Getty Images The stock market is known for being unpredictable and volatile, and any sense of normalcy was blown up during the recent GameStop rally. Most of us know the story by now: After discovering that several hedge funds had bet on the video game retailer losing value, people banded
A banner for the online image board Pinterest Inc. hangs from the New York Stock Exchange on the morning that Pinterest makes its initial public offering on April 18, 2019. Spencer Platt | Getty Images Pinterest reported fourth quarter financial results Thursday that beat on both the top and bottom lines and showed strong user
With more than 100 million viewers tuning in, some of the largest U.S. brands shell out millions of dollars every year for airtime during the Super Bowl. In years past, the likes of Doritos and T-Mobile have paid for multiple ads to run during the NFL championship game in the hopes of creating a splash
Image Source | DigitalVision | Getty Images As Washington lawmakers work to come to an agreement on a new coronavirus relief package, one key question has emerged: Will the next stimulus checks be $1,400? President Joe Biden sought to end that debate in a press conference on Friday by re-affirming his commitment to $1,400. “I’m
Traders work the floor of the New York Stock Exchange. NYSE Stocks head into the week ahead with a tailwind, as investors focus on a hefty fiscal stimulus package and the solid earnings season against a backdrop of rising interest rates. There are several dozen S&P 500 companies reporting earnings, including Coca-Cola, Pepsico, Cisco and
Though billionaire investor Mark Cuban has warned people to be cautious with cryptocurrency, he recently said digital assets — from digital goods to cryptocurrencies like bitcoin — will be the future of business. And Cuban has invested in cryptocurrency himself, both in business and personally. In fact, Cuban has an extensive cryptocurrency wallet, which he shared on
Cars line up to pick up food boxes at the Athens County Fairgrounds in Athens, Ohio on Dec. 19, 2020. BRAD LEE | AFP | Getty Images Long-term unemployment is edging toward a historical peak, almost a year into the pandemic-fueled downturn. Workers are deemed to be “long-term unemployed” when their jobless spell is longer
Evan Spiegel, CEO of SNAP Inc. Stephen Desaulniers | CNBC Snap’s stock fell more than 5% in after-hours trading on Thursday after the company reported its fourth-quarter earnings despite beating Wall Street’s expectations on earnings, revenue and user growth. But the company provided a first-quarter adjusted EBITDA forecast that was much lower than analysts’ consensus
Florida, Fort Myers, Publix, supermarket Entrance. (Photo by: Jeffrey Greenberg/Universal Images Group via Getty Images) Jeff Greenberg | Universal Images Group | Getty Images In Florida, hundreds of neighborhood grocery stores have become a cornerstone of the state’s Covid-19 vaccination program. Publix was tapped by the governor’s office in early January to administer shots to
German payments company Wirecard was the darling of the nation’s fintech industry. Then came the admission that almost $2 billion of the company’s funds had gone missing. The scandal led to the sudden disappearance of its chief operating officer, Jan Marsalek. With his mysterious links to the Austrian secret service and Russian mercenaries, Bloomberg investigates