Take a look at some of the biggest movers in the premarket: VF Corp (VFC) – The company behind apparel brands like North Face, Timberland and Vans posted a mixed quarter, beating top line estimates but reporting lower-than-expected per-share profit. VF said the majority of its supply chain is operational, although it has seen isolated
Vaccinated and unvaccinated Americans have different attitudes about the idea of traveling this spring, according to the findings from a marketing technology company. And they’re not different in the way you might assume. With travel bookings surging, data from New York-based Zeta Global indicates that unvaccinated Americans appear more comfortable traveling — and to more
In this article FIGS^11-BR The Robinhood application on a smartphone. Bloomberg | Bloomberg | Getty Images Robinhood is giving amateur investors access to initial public offering shares in its latest move to democratize retail investing. IPO shares have historically been set aside for Wall Street’s institutional investors or high-net worth individuals. Retail traders typically don’t
In this article FIS Although the pandemic isn’t over, many retirement savings accounts are back to pre-Covid highs. Retirement account balances, which took a sharp nosedive almost exactly one year ago when the coronavirus outbreak caused economic shockwaves, have now bounced back entirely, according to the latest data from Fidelity Investments, the nation’s largest provider
Today, the U.S. Treasury issued an interim final rule on the $350 billion in State and Local Fiscal Recovery Funds provided under the American Rescue Plan Act (ARPA). The proposed rule resolves several important questions but continues to involve the federal government in state finances at an extraordinary level. Most astonishingly, the rule may functionally
The Atlantic hurricane season hasn’t even begun (it officially starts June 1), but excessive spring flooding has already displaced thousands of residents in Louisiana. A freak ice storm in Texas in February took out much of the state’s power grid, plunging nearly 10 million people into a cold, dark catastrophe. More than 150 people
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Just as Bitcoin was beginning to receive the institutional seal of approval its highly volatile nature revealed itself with a 30% decline in a matter of hours, hindering some of its potential balance sheet allocation in corporate America.
In this article ABX-CA Barrick Gold CEO Mark Bristow on Thursday dismissed the idea that cryptocurrencies are a better store of value than traditional gold. Bitcoin bulls have argued that the limited supply of the digital coin and its eye-popping growth posits it as a better hedge against inflation than gold. Bristow, appearing on CNBC’s
In this article HD LOW A customer pushes a shopping cart towards the entrance of a Lowe’s store in Concord, California, on Tuesday, Feb. 23, 2021. David Paul Morris | Bloomberg | Getty Images Lowe’s reported Wednesday that consumers are continuing to invest in their homes in the first quarter and it saw sales pick
In this article @1YM21M .DJI Traders on the floor of the New York Stock Exchange. Source: NYSE Stock futures were flat in overnight trading after major averages rebounded from a three-day losing streak on Thursday led by technology shares. Futures on the Dow Jones Industrial Average added 6 points. S&P 500 futures were flat. Nasdaq-100
A visual representation of digital currencies. Yuriko Nakao | Getty Images If it is not already patently obvious, and has been for a couple years, it would seem we have entertained the Crazy Town section of Crypto-Land. We have jumped the shark, crossed the Rubicon. We are over our skis and out of our minds.
A small child wearing a mask sits on her fathers shoulders outside of the Lenox Health Greenwich Village hospital during the nightly ‘Clap Because We Care’ cheer for medical staff and essential workers on May 29, 2020 in New York City. Alexi Rosenfeld Homeless families, or those that are between permanent addresses, can still get
Tori Dunlap started her first business at 9 years old. By the time the now 26-year-old entrepreneur reached high school, she had a network of 15 vending machines pulling in money 24 hours per day. But profits weren’t the only thing Dunlap received. The business translated to a lot of lessons about life and money,
In this article GOOGL California Governor Gavin Newsom speaks at the opening of the country’s first federal and state operated community vaccination site during the outbreak of the coronavirus disease (COVID-19) in Los Angeles, California, February 16, 2021. Mike Blake | Reuters California Governor Gavin Newsom pointed to a recent flood of tech IPOs and
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Whether it’s a currency or a titanic revolution, BTC is still a risk asset that will trade on emotional extremes.
Jean Fletes, 13, receives a Pfizer-BioNTech COVID-19 vaccine from Delores Fye, a licensed practical nurse, at the UHealth’s pediatric mobile clinic on May 17, 2021 in Miami, Florida. Joe Raedle | Getty Images The U.S. has reported fewer than 30,000 cases for five straight days, data compiled by Johns Hopkins University shows, bringing the seven-day
In this article WOOF Shoppers wait in a line outside a Petco pet store in Hollywood, California, on April 23, 2020 during the novel coronavirus pandemic. Robyn Beck | AFP | Getty Images Petco Health and Wellness Company reported Thursday first-quarter earnings that outpaced Wall Street’s estimates as a surge in pet adoptions continues to
A woman wearing a face mask rides a scooter past the U.S. Federal Reserve in Washington, D.C., the United States, on Jan. 27, 2021. Lie Jie | Xinhua News Agency | Getty Images The Federal Reserve is moving forward in its efforts to develop its own digital currency, announcing Thursday that it will release a