Take a look at some of the biggest movers in the premarket: Deere (DE) – The construction equipment maker reported fiscal second-quarter earnings of $2.11 per share, compared to the consensus estimate of $1.62 a share. Revenue beat estimates as well. Deere said it expects global equipment sales to fall 30% to 40% this year
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Hispanolistic Over 152 million stimulus checks have been issued to individuals over the last six weeks, according to data from the U.S. Treasury Department and Internal Revenue Service. In all, the agencies have distributed $257.9 billion in Economic Impact Payments. Uncle Sam began depositing the funds into taxpayers’ bank accounts in mid-April. The average payment came
The rise of artificial intelligence will make even software engineers less sought after. That’s because artificial intelligence will soon write its own software, according to Jack Dorsey, the tech billionaire boss of Twitter and Square. And that’s going to put some beginning-level software engineers in a tough spot. “We talk a lot about the self-driving
Visitors browse at the display of Expedia during the International Tourism Trade Fair in Berlin. Fabrizio Bensch | Retuers Expedia reported its first quarter earnings after the bell on Wednesday, continuing to show the financial devastation the coronavirus is having on the travel industry. Shares initially dropped on the report as investors digested the news
Jeff Lawson, CEO, Twilio Scott Mlyn | CNBC An index of cloud stocks developed by venture-capital firm Bessemer Venture Partners reached new highs this week as U.S. indexes still recover from the selloff that began in February. The BVP Nasdaq Emerging Cloud Index, established in 2013, is up about 31% for the year, while the S&P
Kobe Bryant has been one of the most recognizable and top-scoring players in the NBA for 17 years. Even after a devastating Achilles tendon tear in March, he has shattered the timetable for his recovery and is expected back for the upcoming basketball season. The reason that Bryant has managed to stay on top over
US finance editor Robert Armstrong looks at the S&P 500 over five years and asks if a slowing economy, weaker earnings, high valuations, a trade war and Middle East tensions can’t make the market go down – what can? Read more at https://on.ft.com/2Nd5Yx0 ► See if you get the FT for free as a student
Ford started resuming vehicle production in the U.S. on May 18, 2020 with new coronavirus safety protocols such as health assessments, personal protective equipment and facility modifications to increase social distancing. Ford It wasn’t a matter of if but when someone with Covid-19 would unknowingly enter an car factory as tens of thousands of autoworkers
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, California, U.S., on Monday, Oct. 21, 2019. Patrick T. Fallon | Bloomberg | Getty Images Nvidia reported first-quarter earnings after the bell on Wednesday. The stock fell over 1% in after-hours trading
SDI Productions Americans could use a financial boost. How to get that money into people’s hands has been a hot topic of debate. Democrats have proposed expanding unemployment insurance and giving Americans as much as $2,000 per month to get back on their feet. Meanwhile, one Republican proposal has called for giving Americans $11,000 now in
Amazon released its first smartphone, the Fire Phone, in July 2014, and the device was broadly considered a “debacle,” “a fiasco,” “a surprising disappointment.” By September 2015, Amazon stopped selling the Fire Phone. It was the type of high-profile flop that might lead some CEOs to start angrily pointing fingers, but not Jeff Bezos. “You
In a normal year, sports fans would be gearing up for the NBA playoffs at the end of May. This spring, with no live competition, some are searching for thrills in the stock market. U.S. brokerage firms have seen a flood of retail trading activity in recent months. Analysts say a lack of pro sports-betting
Pedestrians walk past a J.P. Morgan Chase bank branch. Alex Tsai | SOPA Images | Getty Images WASHINGTON — The beaten-down banking sector will remain under pressure through 2025 even as the economy recovers, the International Monetary Fund said Friday. In its latest “Global Financial Stability Report,” the IMF found banks across nine advanced economies will struggle
A general view of the Centers for Disease Control and Prevention Edward R. Roybal campus in Atlanta, Georgia on April 23, 2020. Tami Chappell | AFP | Getty Images The Centers for Disease Control and Prevention’s latest coronavirus dashboard combines data on two different kinds of tests that experts say could be inflating key statistics
David Paul Morris | Bloomberg | Getty Images Best Buy said Thursday that its revenue and earnings fell in the first quarter, despite an initial surge of shopping as customers set up their home offices and prepared for kids to attend school remotely during the pandemic. The retailer’s sales were also affected later in the quarter,
Getty Images Talk of a second round of $1,200 stimulus checks made headlines last week when Democrats in the House of Representatives passed a new bill including those payments. But another round of federal relief checks is far from a done deal. Americans should brace themselves for a potentially long wait for that money, if
Facebook will begin opening up its candidate pool to remote workers this summer, CEO Mark Zuckerberg said Thursday during an employee townhall livestreamed to the public on the social networking platform. Currently, 95% of the company’s employees are working in a remote capacity during the coronavirus pandemic, Zuckerberg says. He estimates half of the organization will
Chinese Premier Li Keqiang. Michele Tantussi | Getty Images China made a rare decision not to set a target for its economic growth this year due to uncertainties about the impact of the coronavirus. “I would like to point out that we have not set a specific target for economic growth this year,” Chinese Premier
Flags of the US and China are placed ahead of a meeting between US Secretary of Agriculture Sonny Perdue and China’s Agriculture Minister Han Changfu at the Ministry of Agriculture in Beijing on June 30, 2017. Jason Lee | AFP | Getty Images A bill that could force Chinese companies to give up their listings
We got an inside look at how United States Army recruits are exposed to tear gas during basic combat training. Senior video correspondent Graham Flanagan spent four days at the Army’s Maneuver Center of Excellence inside the Fort Benning military base near Columbus, GA. Recruits are exposed to CS gas, more commonly known as tear
►Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs Long regarded the inferior model of the fighter jet market, Saab’s Gripen has turned heads by winning two landmark deals with Brazil and Switzerland. Carola Hoyos investigates why the Gripen’s fortunes are improving and what it means for the wider market. ► FT Technology News: http://bit.ly/1LNlR4g ►
Aug. 28 — Investors around the world were panicking on Monday during the market selloff, but one Japanese day trader claims to have bet big against the market and made $34M. Bloomberg’s Yuji Nakamura reports on “Asia Edge.”
Peter Tuchman is no stranger to the camera. He stepped on the floor of the NYSE in 1985. Now he’s the face of the market’s best and worst days. Tuchman’s experience on the floor goes back decades and includes significant events in the market’s history such as Black Monday (1987), the financial crisis of 2008,
The collapse of two Michigan dams on Tuesday following heavy rainfall has triggered concerns over how precarious dam infrastructure in the U.S. is inadequate to handle severe weather. Aging dams will increasingly fail as climate change makes extreme precipitation and storms more frequent and intense, scientists warn. “A lot of the country’s infrastructure systems were built
Lights shine near a closed Macy’s Herald Square as people remain at home to stop the spread of coronavirus on March 29, 2020 in New York City. Noam Galai | Getty Images Macy’s said Thursday it expects first-quarter sales to fall by as much as 45%, and it could report a loss of more than $1
Workers are back on the job at the the construction site of new towers near Government Center in downtown Boston on May 19, 2020. As the state economy cautiously begins to reopen, construction projects resume. (Photo by Lane Turner/The Boston Globe via Getty Images) Boston Globe Another round of coronavirus relief for Americans may hinge
“Shark Tank” star Mark Cuban has been flirting with the idea of running for president – even recently, he told CNBC that he hasn’t ruled out entering the 2020 race. And the tech billionaire hasn’t been shy in criticizing President Donald Trump or former Vice President Joe Biden, the apparent Democratic presidential nominee. But between the two, Cuban would
[embedded content] [The stream is slated to start at 2:30 pm ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell is leading a “Fed Listens” public forum on central bank policy. The event allows people to comment on how the Fed is achieving
Luis Alvarez The U.S. government passed the largest piece of stimulus legislation in our nation’s history to allow people to keep paying their bills during the forced economic shutdowns due to the coronavirus. Consumers, in turn, used a lot of that money to speculate in the stock market. Securities trading was among the most common
Tensions between the U.S. and China will likely get worse ahead of the American presidential election this November, experts told CNBC on Thursday. The world’s two largest economies have been embroiled in a long-drawn trade war and are now in a tussle over issues surrounding the coronavirus pandemic. U.S. President Donald Trump has blamed Beijing for a