By Aishwarya Venugopal and Melissa Fares (Reuters) – Macy’s Inc (NYSE:) forecast 2021 sales largely above Wall Street estimates on Tuesday as the retailer bets on its growing online business and on the COVID-19 vaccine rollouts allowing customers to return to its department stores after pandemic curbs. The upbeat outlookRead More →
The family of a 20-year-old trader who killed himself after seeing a massive negative balance in his account sued online brokerage Robinhood for wrongful death on Monday. The parents and sister of Alex Kearns said Robinhood preys on inexperienced traders and that the company’s “misleading communications” caused him toRead More →
The S&P 500 earnings recession is now set to end, as bottom-line results for the fourth quarter have swung to growth for the first time in a year as more companies are beating expectations, by bigger margins, than usual. The fourth-quarter earnings reporting season is not yet half over,Read More →
Apple Inc. attracted more than $33 billion worth of orders for its new $14 billion debt deal on Monday, underscoring the continued scramble for all things tied to the smartphone and computer giant. The six-tranche Apple AAPL, +1.65% debt deal included mostly bonds rated Aa1 and AA+ that matureRead More →
© Reuters. FILE PHOTO: The welcome screen for the Robinhood App is displayed on a screen By Imani Moise and Medha Singh (Reuters) – James Villalobos, a communications consultant for an insurance company in New York, downloaded the Robinhood online brokerage app back in September. He was hesitant aboutRead More →
A mania is under way on Wall Street that is being heralded by some as a revolution of individual investors against pros, but there are concerns that the recent flurry of activity — powered by traders using forums on platforms such as Reddit and Discord — signals a topRead More →
© Reuters. FILE PHOTO: Reporters raise their hands for a question during a Toshiba news conference at the company headquarters in Tokyo TOKYO (Reuters) – The Tokyo Stock Exchange approved on Friday Toshiba (OTC:) Corp’s return to the bourse’s first section amid calls from some shareholders for better governanceRead More →
President Donald Trump plans to pardon or commute the sentences of around 100 people Tuesday, according to reports Sunday night. CNN first reported the plans, and said White House officials met Sunday night to finalize the list. Axios separately confirmed the report. The actions are expected to include white-collarRead More →
© Reuters. NEW YORK (Reuters) – Google said on Sunday that antitrust claims in a Texas lawsuit were “misleading,” responding in a blog post as state attorneys general plan suits against the Alphabet (NASDAQ:) Inc unit. In December, Texas Attorney General Ken Paxton filed a complaint about Google’s advertisingRead More →
On Thursday evening, President-elect Joe Biden said he will call for $1,400 stimulus checks and more vaccine funds as part of a $1.9 trillion COVID-19 relief plan. “President-elect Biden announced a proposed relief and recovery package that provides relief that is commensurate with the scale of the economic challengeRead More →
© Reuters. Vaccine airlift delivers shot in the arm for airlines By Tracy Rucinski and David Shepardson CHICAGO/WASHINGTON (Reuters) -American Airlines and United Airlines said on Monday they were preparing to recall tens of thousands of furloughed employees as they awaited lawmakers’ approval of a fresh $15 billion inRead More →
© Reuters. Shoppers wait in line outside a Bath and Body Works retail store, as the global outbreak of the coronavirus disease (COVID-19) continues, in Brooklyn, New York By Melissa Fares NEW YORK (Reuters) -Many U.S. holiday shoppers, wary of entering stores during the latest surge of COVID-19, wentRead More →
European stocks traded higher on Monday, alongside U.S. equity futures, with investors encouraged by COVID-19 vaccine progress and hopes for a stimulus deal out of Washington. No collapse in Brexit talks also lifted sentiment. The Stoxx Europe 600 index XX:SXXP rose 0.8% after the index logged a 1% lossRead More →
My husband and I are 65 years old. He’s retired with a monthly pension of $1,800, and when he dies, I will be collecting the same amount for life. My husband and I will start to collect Social Security benefits Jan. 1, 2022, when each of us will collectRead More →
© Reuters. FILE PHOTO: A Huawei logo is seen on a cell phone screen in their store at Vina del Mar By Karen Freifeld (Reuters) – U.S. prosecutors are discussing a deal with lawyers for Huawei finance chief Meng Wanzhou to resolve criminal charges against her, a person familiarRead More →
© Reuters. FILE PHOTO: The Airbus facility in Montoir-de-Bretagne near Saint-Nazaire 2/2 By Tim Hepher PARIS (Reuters) – Airbus has found buyers for six aircraft from the A320neo family rejected by one of its main customers, Malaysia’s AirAsia, as it works off a surplus left by the coronavirus crisis,Read More →
People have spending money on Lysol and Clorox during a year in which coronavirus has upended people’s lives. Cards Against Humanity eschewed its annual Black Friday stunt in light of the pandemic and protests regarding the killing of Black Americans by police. David Ryder/Getty Images For Cards Against Humanity,Read More →
In this file photo taken on August 8, 2020, a nurse shows a COVID-19 coronavirus vaccine produced by Chinese company Sinovac Biotech at São Lucas Hospital in Porto Alegre, southern Brazil. silvio avila/Agence France-Presse/Getty Images The election relief rally has been interrupted by the COVID-19 vaccine rotation. For twoRead More →
© Reuters. The U.S. flag covers the front facade of the NYSE in New York By Medha Singh and Shivani Kumaresan (Reuters) – The S&P 500 was set to open lower on Tuesday as excitement over signs of a first successful late-stage COVID-19 vaccine trial faded, while investors continuedRead More →
With President-elect Joe Biden’s victory, tens of millions of Americans are feeling relieved, thankful, celebratory, or some combination of these emotions. But tens of millions of other Americans are anguished and despondent. It’s essential to recognize that elections are not football games. Opponents are not our enemies. For those who celebrate,Read More →
The U.S. death toll from the coronavirus illness COVID-19 rose above 231,000 on Monday with cases rising in 42 states, as President Donald Trump continued to criticize a key infectious-disease expert and even hinted he might fire him if he wins Tuesday’s presidential election. Dr. Anthony Fauci, America’s foremostRead More →
Ray Dalio, the founder, chairman and co-chief investment officer of the world’s largest hedge fund firm, Bridgewater Associates, has had a rough 2020. Bridgewater’s flagship fund has been deeply negative, even as rival hedge funds managed to outperform the market, particularly during the initial turmoil from the coronavirus pandemic.Read More →
© Reuters By Yasin Ebrahim Investing.com – The Dow notched gains Thursday, led by value stocks like energy and financials, on hopes the economy is set to get a much needed fiscal boost after House Speaker Nancy Pelosi suggested an agreement on stimulus was nearing the finish line. TheRead More →
PayPal Chief Executive Dan Schulman said the company aims to “meaningfully contribute to shaping the role that digital currencies will play in the future of global finance and commerce.” PayPal PayPal Holdings Inc. plans to allow customers to buy cryptocurrency through their accounts and use cryptocurrency for merchant payments.Read More →
Chalk this up to another way the rich are different from you and me. When wealthy people think about how much of their investment portfolio should be in equities, the most-cited factor influencing their decision is advice from their financial adviser. When investors from all rungs of the incomeRead More →
