Tag: Economy

January 13, 2021

Stocks shook off a midday slide and ended with modest gains Tuesday, leaving the major indexes close to their recent all-time highs. Small-company stocks continued to outpace the rest of the market by a wide margin, a sign that investors […]

January 12, 2021

Urban Outfitters — Shares of the retailer slid more than 11% after Urban Outfitters said net sales for the two months ended Dec. 31 fell 8.4% year over year. The company also announced that CEO Trish Donnelly will depart at […]

January 8, 2021

U.S. employers shed 140,000 jobs in December amid COVID-19 surges and new business constraints, closing out a dismal year with the first payroll losses since the pandemic upended the economy last spring. Restaurants and bars hemorrhaged jobs, and the report […]

January 6, 2021

Banking stocks were rising Wednesday as Democratic challenger Raphael Warnock beat the Republican incumbent, Kelly Loeffler, in Georgia, opening up the possibility of a Democratic takeover of the U.S. Senate. Shares of JPMorgan Chase & Co. (JPM) – Get Report […]

January 6, 2021

Democrats secured control in Congress after winning dual Senate runoff races in Georgia this week. Although the margin of their advantage is slim, it has some progressives hopeful that the majorities, along with the Biden administration, could deliver on postsecondary […]

October 9, 2020

Oil futures lost ground early Friday, but the U.S. benchmark remains on track for a 10% weekly advance as Hurricane Delta nears landfall on the U.S. Gulf Coast and a strike curtails a large chunk of Norway’s crude output. Oil […]

October 9, 2020

Some are calling it “a la carte stimulus,” with aid for airlines in Column A, PPP aid in Column B. Whatever it is, hopes for stimulus — preelection, postelection, comprehensive package, stand-alone deal, whatever and whenever — is supporting breakouts […]

October 8, 2020

Gold rose Thursday to stage a partial rebound from a more than one-week low a day earlier, buoyed by optimism over the renewed prospects for some sort of U.S fiscal stimulus. Prices held onto their gains after data on Thursday […]

October 8, 2020

IBM (IBM) – IBM said it would spin off the managed infrastructure services unit of its global technology services division into a separate public company, to allow it to focus on its hybrid cloud growth strategy. The spin-off will be […]

October 6, 2020

SeaWorld Entertainment — SeaWorld shares popped more than 7% after a Credit Suisse analyst upgraded them to outperform from neutral. The analyst also hiked his price target on the stock to $30 per share from $13 per share, implying a […]