This is breaking news. Please check back for updates. 3M shares jumped Tuesday after the manufacturing conglomerate reported first-quarter earnings and revenues that topped Wall Street’s expectations as demand for safety equipment and cleaning products spiked amid the coronavirus pandemic. The company said in a release that it saw a mix of results across its
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 Check out the companies making headlines in midday trading. Gap, JCPenney, Nordstrom, L Brands, PVH, Dillard’s, Ollie’s Bargain Outlet — Retail
Laura Jayne Massaro has dreamed of running her own business ever since she discovered her passion for dog grooming. After countless trainings and apprenticeships, she was finally able to open Hair of the Dog mobile grooming spa in 2015. Her unique dog-spa-on-wheels allows her to serve a multitude of neighborhoods while also making it easier
CNBC’s Jim Cramer on Monday doubled down on his preference for stock picking over index investing. The former hedge fund manager presented a list of market bright spots that span more than one dozen industries he said are working in this coronavirus-plagued market. “You want to remember this list the next time the market rolls
Local residents line up outside the food pantry Bed Stuy Campaign Against Hunger to receive free food during the COVID-19 pandemic on April 23, 2020 in the Bedford-Stuyvesant neighborhood of Brooklyn, New York. Due to increased levels of unemployment, the lines at the daily food pantry have been getting longer. (Photo by Andrew Lichtenstein/Corbis via
CNBC’s Jim Cramer on Tuesday criticized banks for approving small business loans to larger companies that were not meant to benefit from the federal Payroll Protection Program. “I just want to know who made the bad loans. Somebody did,” Cramer said on “Squawk on the Street,” suggesting the names of the banks who facilitated the
The running shoe, which launches Tuesday, retails for $125. Source: Allbirds Allbirds is daring to enter the highly competitive market for athletic footwear. And if going up against brands like Nike, Adidas and Asics was not daunting enough, Allbirds is debuting its first-ever running shoe in the midst of a coronavirus pandemic. The Silicon Valley-based start-up, known
PepsiCo on Tuesday reported its first-quarter adjusted earnings rose 10%, but the company pulled its fiscal 2020 outlook. Shares of the company rose less than 1% in premarket trading. Here’s what the company reported: Earnings per share: $1.07, adjusted Revenue: $13.88 billion The Frito-Lay owner reported fiscal first-quarter net income of $1.34 billion, or 96 cents
The entrance of the China Securities Regulatory Commission (CSRC). Zhang Peng | LightRocket |Getty Images In a period fraught with tensions with the U.S., China is trying to show it’s being serious about tackling fraud. Nasdaq-listed Luckin Coffee said Monday it was cooperating with regulators, following reports of government investigation into the company over recently disclosed
Many people now have extra time on their hands as they stay home and comply with social distancing measures. To pass the time, some of people are baking, while others are taking advantage of free virtual tours. If you feel motivated to learn a new skill, you can use this time to try out the plethora