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April 8, 2020
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Pinterest shares jump as company issues early Q1 guidance

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CNBC – For more and to sign up click here A banner for the online image board Pinterest Inc. hangs from the New York Stock Exchange on the morning that Pinterest makes its initial public offering on April 18, 2019. Spencer Platt | Getty Images Shares of Pinterest jumped as......
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Coronavirus dividing winners, losers in retail

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CNBC – For more and to sign up click here Levi Strauss CEO Chip Bergh said the coronavirus pandemic “will further separate the winners and losers” in the retail industry today. “The brands that are going to win are going to be the ones that have deep connections,” with consumers,......
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Walgreens (WBA) Q2 2020 earnings

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CNBC – For more and to sign up click here A pedestrian passes in front of a Walgreens Boots Alliance Inc. store in the Hollywood neighborhood of Los Angeles, California. Christopher Lee | Bloomberg | Getty Images Walgreens Boots Alliance beat Wall Street earnings expectations Thursday, sending shares up about 3%......
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Jobless claims will be huge, but millions more are expected

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CNBC – For more and to sign up click here Economists expect 4 million to 5 million or more workers filed for unemployment claims last week, but there are still millions of claims expected, and layoffs could easily double those in the financial crisis, economists said. There are two key......
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Here’s how much bitcoin beat the Dow and S&P 500 in the first quarter

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CNBC – For more and to sign up click here Bitcoin has fallen less than major U.S. equity indices in the first quarter but still hasn’t proven it can act as a “safe haven” in times of market turmoil. The cryptocurrency fell over 10% in the first three months of......
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Conagra, Carnival, RH, Visa & more

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CNBC – For more and to sign up click here Take a look at some of the biggest movers in the premarket: Conagra (CAG) – The food producer missed estimates by 2 cents a share, with fiscal third-quarter profit of 47 cents per share. Revenue also came in slightly short,......
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US blacklist led to $12 billion revenue shortfall

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CNBC – For more and to sign up click here Visitors pass in front of the Huawei’s stand on the first day of the Mobile World Congress in Barcelonaon on February 27, 2017 in Barcelona. Lluis Gene | AFP | Getty Images Huawei reported slowing profit growth in 2019 as......
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Few chief financial officers plan layoffs, but are increasingly concerned about their businesses

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CNBC – For more and to sign up click here People make face shields at the Brooklyn Navy Yard where local industrial firms have begun manufacturing Personal Protective Equipment (PPE) on March 26, 2020 in New York City. Eduardo Munoz Alvarez | Getty Images In a new survey, 87% of......
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Mortgage bankers warn Fed purchases of mortgages unbalanced market, forcing margin calls

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CNBC – For more and to sign up click here Federal Reserve Chair Jerome Powell holds a news conference following the Federal Open Market Committee meeting in Washington, December 11, 2019. Joshua Roberts | Reuters The Mortgage Bankers Association in a dire letter to regulators Sunday warned that the U.S.......
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Uber drivers struggle to find income amid coronavirus pandemic

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CNBC – For more and to sign up click here A ride share driver picks up passengers at O’Hare Airport on April 10, 2019 in Chicago, Illinois. Scott Olson / Getty Images Earlier this month, as talk of a new virus outbreak in the U.S. revved up, Robert Richwine, an Uber......
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Nike gets more exercise app users, and it’s driving online sales

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CNBC – For more and to sign up click here Nike‘s stores might be temporarily shut due to COVID-19, but the sportswear giant is getting more people to sweat during stressful times. With many gyms like Equinox shut down, people are turning to its apps, and that is helping boost......
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What could be ‘shocker’ economic reports may test stocks in week ahead

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CNBC – For more and to sign up click here People make face shields at the Brooklyn Navy Yard where local industrial firms have begun manufacturing Personal Protective Equipment (PPE) on March 26, 2020 in New York City. Eduardo Munoz Alvarez | Getty Images Everything from auto sales to manufacturing......
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Stock market just had a bounce for the record books but faces big tests

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CNBC – For more and to sign up click here Bank of America has sent more than 100 employees to work in a backup office in Connecticut. Tetra Images | Getty In just a few days, major stock indexes have made back more than half their losses, but technical analysts......
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Lululemon (LULU) reports Q4 2019 earnings beat

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CNBC – For more and to sign up click here A Lululemon sign hangs in front of their store at the Woodbury Commons Premium Outlets shopping mall on November 17, 2019 in Central Valley, New York. Gary Hershorn | Corbis News | Getty Images Lululemon announced Thursday fiscal fourth-quarter results that......
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Markets take 3 million claims in stride and now brace for ‘tsunami of negative news’

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CNBC – For more and to sign up click here The first crushing wave of 3.28 million workers seeking unemployment benefits is expected to be followed by millions more in coming weeks as the impact of virus-related shutdowns ripples across the U.S. economy. Economists had expected anywhere between 1 million......
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Micron, Shoe Carnival, Ford and more

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CNBC – For more and to sign up click here Check out the companies making headlines after the bell. Micron Technology — The semiconductor company’s stock jump 5% in extended trading after Micron posted a double beat on earnings and revenue in the second quarter. The company reported earnings of 45......
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Jobless claims expected to spike to record-breaking number in millions

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CNBC – For more and to sign up click here Job seekers stand in line at the employment help center in Miami, Florida. Getty Images Anywhere between about 1 million and 4 million people were expected to have filed for unemployment benefits last week, the largest number ever in such......
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Biggest surge in the Dow since 1933 probably doesn’t mark the bottom of this bear market

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CNBC – For more and to sign up click here Stocks appear to be finding the bottom but some strategists say it may be over a trap door that could give way to another big decline. Some credit markets are faring better, the dollar is weakening, and there are positive......
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Nordstrom suspends dividend, taps credit in midst of coronavirus

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CNBC – For more and to sign up click here Pedestrians pass in front of a Nordstrom Inc. store in the Midtown neighborhood of New York, on Friday, March 20, 2020. Gabby Jones | Bloomberg via Getty Images Nordstrom said Monday that it is suspending its dividend, halting share buybacks and......
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Macy’s withdraws earnings outlook, suspends dividend amid coronavirus

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CNBC – For more and to sign up click here Macy’s store in New York City. SOPA Images | LightRocket | Getty Images Macy’s said Friday that it has fully drawn its $1.5 billion revolving credit facility, in the midst of the coronavirus pandemic. The department store chain said it did......

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