In this article GPS A Gap store in New York, August 2, 2020. Scott Mlyn | CNBC Gap said Thursday its fiscal first-quarter sales surpassed pre-pandemic levels, as shoppers turned to Old Navy and Athleta to refresh their wardrobes for summer. The retailer raised its sales outlook for the full year as Gap’s namesake banner
Month: May 2021
Zoom In IconArrows pointing outwards To-go cocktails won’t be a pandemic fad. Nebraska joined 14 states and the District of Columbia on Wednesday in approving measures allowing restaurants to sell cocktails to go permanently after the success of the program during the health crisis. Six other states have approved extending the temporary measure until at
People wait to visit a house for sale in Garden City, Nassau County, New York, on Sept. 6, 2020. Xinhua News Agency | Getty Images Mortgage interest rates are near historic lows. Yet if you want to take advantage of those rates, check your credit score first. That three-digit number determines whether you can get
NASA astronaut Peggy Whitson working onboard the International Space Station in August 2017. Jack Fischer / NASA Axiom Space on Tuesday announced that retired NASA astronaut Peggy Whitson and auto racer John Shoffner will lead the company’s second private spaceflight to the International Space Station, tentatively scheduled for the second half of 2022. The pair
Southeast Asia’s e-commerce market could grow by more than $260 billion by 2030 if major online shopping marketplaces do more to encourage and enable women entrepreneurs, a new report from the International Finance Corporation found. The “anonymity” of e-commerce has reduced many of the barriers to entry traditionally faced by women and afforded them the
In this article CRM Marc Benioff, CEO of Salesforce. Adam Jeffery | CNBC Salesforce shares rose 2% in extended trading on Thursday after the cloud software maker reported fiscal first-quarter earnings that surpassed analysts’ expectations. Here’s how the company did: Earnings: $1.21 per share, adjusted, vs. 88 cents per share as expected by analysts, according
In this article MDLZ Mondelez CEO Dirk Van de Put on Thursday called its latest acquisition a “win win” for both companies involved in the deal. The Oreo-maker announced Wednesday its acquisition of Chipita, a Greek company whose croissants and baked snacks helped it generate $580 million in sales last year. The purchase sets Mondelez
Angela Muhwezi-Hall and Deborah Gladney started QuickHire, a hiring platform, during the pandemic. Deborah Gladney When the coronavirus pandemic shut down businesses across the nation, sisters Angela Muhwezi-Hall and Deborah Gladney decided it was the perfect time to start a new one. It was an idea they had been mulling over for years: a hiring
In this article PXD SPCX Noah Kerner, CEO of Acorns. Adam Jeffery | CNBC Savings and investing app Acorns plans to go public by merging with a blank-check company. The fintech start-up announced a deal Thursday to combine with Pioneer Merger Corp., a publicly traded special purpose acquisition company, or SPAC. The merger values Acorns
In this article RR.-GB Detail of the new Rolls-Royce Boat Tail on May 27, 2021, unveiled by Rolls-Royce CEO Torsten Muller-Otvos at the Home of Rolls-Royce in Goodwood, West Sussex, England. Jeff Spicer | Getty Images Entertainment | Getty Images Rolls-Royce Motor Cars on Thursday unveiled the Boat Tail, a luxury vehicle model it has
Alice Tidey | CNBC LONDON — HSBC on Wednesday announced it would exit its loss-making U.S. retail banking operations, a move that is being met with tepid applause by Wall Street analysts. Europe’s largest bank in terms of assets will sell off some parts of its mass-market business and wind down others as it looks
Customers wait outside of a Best Buy store in downtown Toronto, Ontario on November 23, 2020 to pick up their online orders. Geoff Robbins | AFP | Getty Images Best Buy said Thursday that sales grew 36% in the fiscal first quarter, as shoppers’ stimulus-fueled spending spree included consumer electronics. Shares of the company nearly
Russian President Vladimir Putin looks at military aircrafts flying over the Kremlin and Red Square to mark the 75th anniversary of the victory over Nazi Germany in World War Two, Moscow, May 9, 2020. Alexey Druzhinin | AFP | Getty Images Russia will not make Covid vaccines compulsory for its citizens, President Vladimir Putin said
Can whales help cool the temperature of our planet? A whale’s body can store up to 33 tonnes of harmful carbon dioxide. When they die and sink to the ocean floor, all that carbon is stored there for centuries. The International Monetary Fund has calculated that each whale is worth more than two million dollars
Kmatta More than half of Americans support states’ move to end a $300 weekly supplement to unemployment benefits months before it officially expires, according to a Quinnipiac University poll issued Wednesday. At least 23 states have announced an early end to federal unemployment programs in recent weeks. Self-employed workers and the long-term unemployed will lose
In this article BA LMT GM An artist’s concept shows an outline of the lunar vehicle design. Lockheed Martin | General Motors Lockheed Martin and General Motors are partnering to develop a new type of lunar vehicle for NASA to use during its upcoming Artemis missions to the moon, the companies announced on Wednesday. “Surface
Traders working at the New York Stock Exchange (NYSE), on May 19, 2021. NYSE Stock futures held steady in overnight trading on Wednesday as investors await new labor-market data to gauge the pace of the economic recovery. Futures on the Dow Jones Industrial Average rose just 20 points. S&P 500 futures and Nasdaq 100 futures
In this article NVDA Jen-Hsun Huang, president and chief executive officer of Nvidia Corp., speaks during the company’s event at Mobile World Congress Americas in Los Angeles on Oct. 21, 2019. Patrick T. Fallon | Bloomberg | Getty Images Nvidia reported first quarter results for its fiscal 2022 on Wednesday, with sales growing 88% compared
In this article AMC GME CNBC’s Jim Cramer said Wednesday he’s not sure why any investors are still betting against GameStop and AMC Entertainment, two of the so-called meme stocks popular on Reddit’s WallStreetBets forum. The “Mad Money” host made his comments following a session in which GameStop shares rose almost 16% Wednesday and AMC
Thomas Barwick | DigitalVision | Getty Images Continuing the expanded child tax credit, which is set to expire after 2021, would help millions of American children, including lifting some out of poverty, according to new research. As many as 65.6 million American children — 90% of all kids in the U.S. — would benefit from
VSS Unity floats in microgravity at the edge of space during its third spaceflight on May 22, 2021. Virgin Galactic Ark Invest’s space exploration ETF sold its last remaining shares of Virgin Galactic on Tuesday, as the firm completed its move away from one of the few publicly traded pure-play space stocks. Cathie Wood’s firm
In this article WFC C JPM GS BAC MS [The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] The chief executives of the nation’s biggest banks kick off two days of congressional testimony on Wednesday before the Senate Banking
In this article DKS Mannequins stand next to merchandise displayed for sale at a Dick’s Sporting Goods store in West Nyack, New York. Craig Warga | Bloomberg | Getty Images Dick’s Sporting Goods reported Wednesday fiscal first-quarter earnings and sales that topped analyst estimates, saying kids returning to team sports boosted sales. Dick’s also raised
With two major cultural events held last weekend, the international arts scene signaled it has no intention of letting yet another year get canceled by Covid. Art Basel Hong Kong, which took place from May 19-23, marked the return of one of the world’s most venerated art fairs. The show came on the heels
Kim Churches Courtesy of American Association of University Women It’s a statistic that prompts a double-take: Women owe two-thirds of the country’s $1.7 trillion outstanding student loan balance. On average, women borrow more than $31,000 to finance their education. Black women take out more than $41,000. Men, meanwhile, borrow around $29,000. But those differences are
Stock market krisanapong detraphiphat | Moment | Getty Images Do you believe you are, or can be, a successful day trader, buying and selling stocks on a regular basis? Do you believe that you, or anyone you know, can successfully time the market, going in and out of the market, and consistently make profits?
The New York Stock Exchange welcomes Lightning eMotors (NYSE: ZEV), on May 24, 2021, in celebration of its transition to a public company. NYSE Stock futures ticked marginally higher in overnight trading after the market rally stalled Tuesday, with major indexes ending the regular session slightly lower. Futures on the Dow Jones Industrial Average rose
In this article JWN 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 reported Tuesday better-than-expected first-quarter sales, as shoppers showed up to its stores again to buy new shoes, sunglasses and swimwear
Investors should take advantage of market pullbacks in the near-term, CNBC’s Jim Cramer said Tuesday, suggesting there’s a range of positive catalysts that will propel stocks higher. “The stock market runs on cycles. When you have this many running at once, the averages tend to be pretty darn resilient,” the “Mad Money” host said, shortly
Rattanakun Thongbun / EyeEm/Getty Images Some of your behavioral tendencies might be causing harm to your financial wellbeing, research suggests. Regardless of factors such as age, income and education, there’s a connection between certain biases and financial health, according to a Morningstar study about behavioral finance released on Tuesday. The research shows that high levels
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