Men wearing face masks walk past a Gap store at a shopping area, as the country is hit by an outbreak of the new coronavirus, in Beijing, China February 7, 2020. Jason Lee | Reuters BEIJING — China’s capital city will hand out about $1.5 million in a limited trial of the central bank’s digital
Finance
U.S. stock index futures rose in overnight trading on Sunday, as the major averages looked to accelerate gains following the best week since November. Futures contracts tied to the Dow gained 75 points, or 0.27%. S&P 500 futures were 0.3% higher, while Nasdaq 100 futures advanced 0.33%. The S&P 500 closed at a record high
The GameStop Corp. logo on a smartphone Tiffany Hagler-Geard | Bloomberg | Getty Images A look at a list of the 10 most-purchased stocks by retail traders during the market mania last month is missing one key stock: GameStop. AMC Entertainment and Plug Power, two names caught up in the trading frenzy along with GameStop,
Traders work on the floor of the New York Stock Exchange. NYSE Blowout earnings are forcing analysts to up estimates for 2021. With a little more than half of companies reporting, earnings are proving to be a pleasant surprise for the trading community. The GameStop/Robinhood fiasco is turning out to be a minor blip in
President Joe Biden speaks delivers a foreign policy address during a visit to the State Department in Washington, February 4, 2021. Tom Brenner | Reuters President Joe Biden said this weekend that it is unlikely a $15 federal minimum wage provision makes it into the next Covid-19 relief package, hitting pause on a key campaign
Dan and Grace Porte lost their jobs at Target when the Covid pandemic began. The couple, in their mid-80s, had used the income to supplement Social Security. Dan and Grace Porte Dan and Grace Porte worked together for decades. In the 1970s, they started a paint and wallpaper business. Then, after the housing bubble burst
Attendees play the Activision Blizzard Inc. Call Of Duty: Black Ops 4 video game at the company’s booth during the E3 Electronic Entertainment Expo in Los Angeles, California, U.S., on Tuesday, June 12, 2018. Troy Harvey | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Ford — The legacy automaker’s
Cars line up to pick up food boxes at the Athens County Fairgrounds in Athens, Ohio on Dec. 19, 2020. BRAD LEE | AFP | Getty Images Long-term unemployment is edging toward a historical peak, almost a year into the pandemic-fueled downturn. Workers are deemed to be “long-term unemployed” when their jobless spell is longer
Take a look at some of the biggest movers in the premarket: Peloton (PTON) – Peloton doubled consensus estimates in reporting quarterly profit of 18 cents per share, and the fitness equipment maker’s revenue came in above estimates as well. Peloton will be incurring extra costs in the near term, however, to reduce shipping delays
A man holding a phone walks past a sign of Chinese company ByteDance’s app TikTok, known locally as Douyin, at the International Artificial Products Expo in Hangzhou, Zhejiang province, China October 18, 2019. Reuters BEIJING — Chinese consumers are shopping more through livestreaming and video apps — a new trend that’s grabbing a slice of