U.S. stock futures were flat in overnight trading on Tuesday as investors digested the recent record rally in equities. Dow futures fell 21 points. Futures for the S&P 500 and Nasdaq-100 fell 0.04% and 0.03%, respectively. On Tuesday, the Dow Jones Industrial Average fell more than 167 points, dragged down by Walgreens, Home Depot and
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Kohl’s shares rose more than 5% Tuesday, after Chief Executive Michelle Gass laid out the retailer’s plans to expand in activewear and personal care in 2021, two hot pockets of growth that have accelerated during the coronavirus pandemic. Kohl’s reported a 13.3% decline in quarterly net sales during its third quarter, as the pandemic limited
Exterior view of Villa Firenze in Beverly Hills, California Concierge Auctions A $160 million mansion in Beverly Hills, California, is headed to the auction block, making it the most expensive listing ever to auction. The nine-acre estate, called Villa Firenze, will be sold to the highest bidder, with no reserve, by Concierge Auction next month.
Lotus silk is one of the rarest fabrics in the world. Produced only in small scale across Cambodia, Myanmar, and more recently Vietnam, this natural fibre is only extracted by a few skilled craftspeople across the world. But making this “silk” isn’t easy. Extracting enough lotus silk for one scarf can take two months, and
Mercedes Ruehl, Asian technology correspondent, explains why the boom in Asian financial technology is facing its first serious setback as businesses focused on providing services to the vast number of people in the region without bank accounts struggle to cope with the fallout from coronavirus. See if you get the FT for free as a
Fifty years ago, a helicopter company called New York Airways whisked passengers from the rooftop of the iconic Pan Am Building in midtown Manhattan to any city airport in just 10 minutes. A fatal accident in 1977 brought that era to an end. 40 years later, E-VTOL technology could open a new chapter in short-distance
Zak Williams, son of Robin Williams, is co-teaching a financial literacy class at San Quentin State Prison with an inmate who goes by ‘Wall Street’
Aviation workers hold a protest organized by the Association of Flight Attendants outside the U.S. Capitol in Washington, D.C., on Sept. 9, 2020. Saul Loeb | AFP | Getty Images Washington lawmakers have worked to come to an agreement on the next coronavirus relief package for months. Post-election, those talks could get shaken up by
The Wall Street Bull (The Charging Bull) is seen during Covid-19 pandemic in New York, on May 26, 2020. Tayfun Coskun | Anadolu Agency via Getty Images Money is pouring into stocks through exchange-traded funds. You can thank the potential vaccines. Money is pouring in because U.S. investors who have been reluctant to put money
An empty street in Amsterdam during the government-imposed lockdown due to the coronavirus pandemic. SOPA Images | LightRocket | Getty Images The fallout from the coronavirus pandemic on Europe’s financial institutions will become more apparent in the coming months, according to a senior European banking official, and there could be one or two casualties in
Customers shop at a Walmart store on May 19, 2020 in Chicago, Illinois. Scott Olson | Getty Images Walmart is set to report third-quarter earnings before the bell on Tuesday. The big-box retailer’s performance will offer a preview of how holiday shopping is shaping up during the coronavirus pandemic. Like other retailers, Walmart has kicked
A customer wears a protective mask while unloading purchases off a cart outside a Home Depot Inc. store in Reston, Virginia, on Thursday, May 21, 2020. Andew Harrer | Bloomberg | Getty Images Home Depot is set to report third-quarter earnings on Tuesday before the market opens as the retailer rides a wave of increased
Getty Images If you’re working and have access to a 401(k) plan, socking away at least enough money to grab the company’s matching contribution is key, experts say. Yet how much is that extra cash worth? Most companies that offer these workplace retirement plans will match your contributions up to a certain amount. Depending on
Shapecharge It’s not uncommon to want to move money from a workplace savings plan to an individual retirement account when you leave the company. Yet if you’re not careful while doing that rollover, you can make costly errors or lock yourself into something that can’t be easily undone. The key is to avoid any tax
Gregg Lemkau, co-head of investment banking for Goldman Sachs & Co. Christopher Goodney | Bloomberg | Getty Images Goldman Sachs is losing one of its top dealmakers. Gregg Lemkau, a nearly-three decade veteran of the bank and co-head of its powerhouse investment banking division, is leaving Goldman at the end of the year, according to
Since the pandemic began, “my life has changed utterly,” Bill Gates said on an episode of the new podcast, “Bill Gates and Rashida Jones Ask Big Questions.” One of the biggest changes? The billionaire philanthropist and Microsoft co-founder said he hasn’t been to a physical office since March. “I’m kind of embarrassed to admit, there’s
U.S. stock futures opened slightly higher on Monday night after two of the three major market benchmarks closed at record levels. Dow Jones Industrial Average futures were up marginally and S&P 500 futures gained 0.1%. Nasdaq 100 futures outperformed, rising 0.6%. Tesla shares jumped more than 10% after S&P Dow Jones Indices said the electric
Care packages, such as the ones made by Gift Box Love Co., have been a popular gift item on Etsy during the pandemic. Gift Box Love Co. For about two years, Ashley Houck has put together care packages of items like candles, bath salts and caramels with a personalized note. She ships the gift boxes
Starting in mid-September, Ocean Spray farmers across the Northeast start hustling to harvest 100 billion cranberries in just six weeks. But just as harvest was beginning this year, a TikTok featuring a bottle of Ocean Spray Cran-raspberry juice went viral. Soon, retailers struggled to keep cranberry juice on shelves as millions recreated the video. For
John and David Auten-Schneider on their wedding day. The couple married after more than 13 years together. Studio Lemus John Auten-Schneider and David Auten-Schneider came out about their finances about two years after they started dating. The conversation started while they were looking to buy land in Winter Park, Colorado, to build a weekend home.
An ATM is shown at company headquarters for the PNC Financial Services at One PNC Plaza in Pittsburgh, Pennsylvania. Getty Images Spanish financial group BBVA has agreed to sell its U.S. business, BBVA USA Bancshares, to PNC Financial Services Group for $11.6 billion, the American firm announced Monday. Headquartered in Houston, Texas, BBVA USA Bancshares has $104
Two of President-elect Joe Biden’s coronavirus advisors pushed back Friday on the idea of a national lockdown to suppress the coronavirus pandemic. “As a group, really the consensus is that we need a more nuanced approach,” said Dr. Celine Gounder, who sits on the panel and is an infectious disease specialist at the NYU Grossman
Amy Abad-Sosa Amy Abad-Sosa What started out as a fun at-home activity for Amy Abad-Sosa has turned into a source of small business income. The 29-year-old mom of two and bookkeeper, based in Bogota, New Jersey, kicked off her new venture “Adventure Bins” this fall – homemade activity boxes for toddlers and preschoolers. “We’re not
Air travelers walk toward a Lyft pickup area at Los Angeles International Airport (LAX) on August 20, 2020 in Los Angeles, California. Mario Tama | Getty Images The Democrats have gained control of the White House, and Wall Street appears to be on board. Although President-elect Biden will have to grapple with the ongoing coronavirus
Traders work on the floor of the New York Stock Exchange. Source: NYSE U.S. stock futures rose on Sunday night as traders assessed a sharp market rotation that led to a mixed weekly performance last week. The S&P 500 posted a record closing high on Friday and notched a one-week gain of 2.2%. The Dow
People wear protective face masks outside a McDonald’s location in New York City. Noam Galai | Getty Images McDonald’s will conduct coronavirus safety reviews of its restaurants in the next six weeks as health experts worry that Covid fatigue is contributing to the record high number of new cases in the U.S. The 7-day average
During the 2020 presidential campaign, Joe Biden promised to forgive a large chunk of the country’s outstanding student loan debt. Leah Millis | Reuters Even before the pandemic cost Adam Anderson his job, repaying his student loans was a challenge. He owes more than $60,000. He earned around $50,000 a year as a physical therapy
Extinction Rebellion environmental activists protest around Bank Junction in the financial district on the 7th day of their ‘October Rising’ campaign on October 14, 2019 in London, England. Ollie Millington | Getty Images The Federal Reserve is going green, and that could mean a substantial change for the way financial institutions have to prepare for
Goldman Sachs just named its smallest and most diverse class of partners since its 1999 initial public offering. The firm on Thursday named 60 employees to the coveted rank of partner, the highest title at the New York-based bank and a nod to its history as a private partnership. Since taking over in 2018, CEO
The Chevrolet Bolt EV is displayed during the Los Angeles Auto Show at the Los Angeles Convention Center on November 20, 2016 in Los Angeles, California. Josh Lefkowitz | Getty Images General Motors is recalling tens of thousands of all-electric Chevrolet Bolt EVs due to risk of fire. The Detroit automaker said Friday it is