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 →
S&P 500 Futures regain 3,900, up 0.20% intraday, to rise for the first time in a week. US 10-year Treasury yields jump to the fresh high since February 2020. Comments from Chinese diplomat join virus, vaccine optimism to back the mood amid a light calendar. Risk-on mood gains momentumRead More →
Long-dated U.S. Treasury yields edged higher Friday after the U.S. Treasury Department announced plans, as had been expected, to issue a 20-year nominal coupon bond in the first half of 2020 to finance a ballooning federal deficit that is nearing 5% of gross domestic product. However, yields have been little-changedRead More →
Carnival Corp. saw its stock price target raised at least three times on Monday, despite facing a number of challenges heading into the new year. On Friday, the cruise company reported an earnings and revenue beat, but also said it would have to cancel eight sailings of the new MardiRead More →
By Arjun Panchadar (Reuters) – U.S. stock index futures gained slightly on Monday as an unexpected rise in Chinese manufacturing activity assuaged investor concerns about a global economic slowdown in the wake of a prolonged trade war between Washington and Beijing. China’s factory activity expanded at its fastest pace inRead More →
Sonos Inc.’s product introductions and marketing improvements helped it top sales expectations in the latest quarter and the maker of speakers is feeling optimistic about the year ahead even as recent tariffs are expected to negatively impact results. The company posted a fiscal fourth-quarter net loss of $29.6 million, orRead More →
CHAPEL HILL, N.C. (MarketWatch) — By at least one measure, the transportation sector just rose to a new all-time high — suggesting the economy is not as weak as otherwise thought. I’m referring to the Freight Transportation Services Index, which is compiled by the Bureau of Transportation Statistics at theRead More →
Gold futures edged higher Friday, on track to end an upbeat week on a positive note after Federal Reserve Chairman Jerome Powell did nothing to dispel expectations for a rate cut later this month and the U.S. dollar came under renewed pressure. Gold for August delivery on Comex GCQ19, +0.07%Read More →
© Reuters. Traders work on the floor at the NYSE in New York By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks rose in a broad-based rally on Friday as stronger-than-expected job growth in April coupled with muted wage gains left investors upbeat about the outlook for the economy andRead More →
© Reuters. FILE PHOTO: Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York By Sruthi Shankar (Reuters) – U.S. stock index futures rose on Wednesday, indicating Wall Street would resume its rally following a pause in the previous session, supportedRead More →
U.S. stock-index futures climbed on Monday, the first day of the new quarter, after better-than-expected China manufacturing data calmed some lingering concerns about momentum for the world’s second-biggest economy. How did the benchmarks fare? Dow Jones Industrial Average futures YMM9, +0.74% jumped 186 points, or 0.7%, to 26,119, while S&PRead More →
© Reuters. Investing.com – Asian stocks advanced in morning trade on Monday, with Chinese equities jumped more than 2% following the release of the data that showed economic activity in China unexpectedly recovered in March. China’s and the jumped 2% and 2.9% respectively by 10:35 PM ET (02:35 GMT). HongRead More →
© Reuters. FILE PHOTO: A digital board displays stock information at a brokerage office in Beijing By Shinichi Saoshiro TOKYO (Reuters) – Asia stocks were barely moved on Monday, staying near a four-month high after Wall Street’s tepid pre-weekend performance, while the dollar was supported against the yen following strongRead More →
