U.S. consumer sentiment figures for February came in higher than expected despite the recent outbreak of the coronavirus. The University of Michigan’s consumer sentiment index came in at 100.9 for February. Economists polled by Dow Jones expected February consumer sentiment to come in at 99.5. Consumers’ assessment of current economic conditions were virtually unchanged from
Finance
Traders work on the floor at the New York Stock Exchange, August 5, 2019. Brendan McDermid | Reuters This is a live blog. Check back for updates. 9 am: Here are Thursday’s biggest analyst calls 8:45 am: Inflation, claims data fails to move market Markets reacted little to Thursday morning data that was close to
People pass by a video sign display with the logo for Roku, a Fox-backed video streaming firm, that held it’s IPO at the Nasdaq Marketsite in New York, September 28, 2017. Brendan McDermid | Reuters Check out the companies making headlines after the bell: Roku – Shares of the streaming company jumped 5% in extended
Federal Reserve nominee Judy Shelton faced a blistering confirmation hearing Thursday, as senators grilled her over her views on central bank independence, the gold standard and whether the money that people deposit at banks should be insured. Facing a barrage of criticism over multiple statements she has made over the years, Shelton defended herself as
DBS Group Holdings in the central business district of Singapore. Nicky Loh | Bloomberg | Getty Images The ongoing spread of a new coronavirus disease, recently named COVID-19, could hit the revenue of Southeast Asia’s largest bank this year, its chief executive said on Thursday. Piyush Gupta, the CEO of Singaporean bank DBS, said the
Cisco Systems headquarters Getty Images Check out the companies making headlines after the bell: Cisco Systems – Shares of the networking hardware company dropped 4% in extended trading despite reporting strong second-quarter results that beat analysts’ estimates. Cisco reported earnings of 77 cents a share excluding some items on revenue of $12.01 billion while analysts
Bong Joon Ho poses with two Oscars, one for Best Director and one for Best International Feature Film for “Parasite” in the photo room during the 92nd Academy Awards in Hollywood, Los Angeles, California, February 9, 2020. Lucas Jackson | Reuters The South Korean film “Parasite” shocked Hollywood by taking home the best picture Oscar,
Shoppers pass an Under Armour store in White Plains, New York. Scott Mlyn | CNBC Check out the companies making headlines in midday trading. Under Armour — Under Armour’s stock plunged more than 18% after missing revenue estimates for the fourth quarter. The sports apparel company reported adjusted earnings of 10 cents per share, in
Shoppers enter a building housing a Bed Bath & Beyond Inc. store in New York. Mark Kauzlarich | Bloomberg | Getty Images Check out the companies making headlines after the bell: Lyft – The ridesharing company’s stock fell more than 5% in extended trading after reporting fourth-quarter financial results that beat expectations but did not
Valentin Stalf, CEO of N26, at the bank’s office in Berlin, Germany. Wolfgang Kumm | picture alliance | Getty Images German online bank N26 has told customers it’s pulling out of the U.K. because it won’t have a license to operate there after Brexit. The Berlin-based firm launched in Britain in October 2018, about six