Tag: News

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

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 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 7, 2020

House Democrats unveiled their nearly 450-page antitrust report Tuesday finding Amazon, Apple, Facebook and Google each hold monopoly power and, in some cases, should have parts of their businesses effectively broken up. Now, the real work begins. Lawmakers are charged […]

October 5, 2020

The markets are coiling and compressing as they process jarring events and political suspense, with potential energy building up for eventual release. The stock market has been vibrating within a tight range for a month, an agitated stasis that was […]

October 5, 2020

Gold futures climbed on Monday, looking to extend last week’s overall gains, with a softer U.S. dollar and fresh talk of a stimulus deal supporting prices for the metal. “Like equities, the gold market seems to think easy money from […]

August 7, 2020

Markets see a slight positive in July’s jobs report, but the focus remains on whether Washington can agree to a stimulus package that could help head off future job losses and aid the still millions of unemployed. The economy added […]

August 6, 2020

Stocks moved between gains and losses on Friday as better-than-expected jobs data partially offset lingering tensions between China and the U.S., as well as ongoing coronavirus stimulus negotiations. The Dow Jones Industrial Average traded 34 points lower, or 0.12%. The […]

August 5, 2020

A falling U.S. dollar is getting a lot of attention from stock-market investors, and according to the chart below from Wells Fargo Investment Institute, the focus isn’t misplaced. The chart sums up how the stock market and a variety of […]