Take a look at some of the biggest movers in the premarket: Macy’s (M) – The retailer lost 81 cents per share for its second quarter, less than the $1.77 a share loss that Wall Street analysts were expecting. Revenue also beat Wall Street forecasts. Comparable-store sales fell more than expected, but Macy’s also saw
If you are not checking your home equity line of credit (HELOC) often, now is the time. Thieves can gain access to these accounts and siphon out thousands of dollars by stealing identities and fooling lenders. However, the risk can be reduced and victims’ credit rebuilt by following a few simple steps. Key Takeaways Thieves
The euro’s rise is worrying top policymakers at the European Central Bank, who warn that if the currency keeps appreciating it will weigh on exports, drag down prices and intensify pressure for more monetary stimulus. Several members of the ECB’s governing council told the Financial Times that the euro’s rise against the US dollar and
Melrose Industries has posted a £685m half-year loss as the FTSE 100 buyout specialist and owner of car and aircraft parts maker GKN was hit hard by the coronavirus pandemic. Melrose, which purchased GKN in a £8bn hostile takeover in 2018, said its revenues for the six months to July fell by a little more
Wealthfront, a fintech that started as a robo advisor but is increasingly becoming more like a bank, launched the first phase of the “self-driving money” concept it has been teasing for several months. The new feature, called Autopilot, lets customers establish how much cash they need to keep on hand and set savings and investment
A dramatic spike in yield farming activity associated with SushiSwap and similar protocols has seen Uniswap become the first decentralized exchange (DEX) to exceed $1 billion in 24-hour trade volume. According to crypto data aggregator CoinGecko, Uniswap V2 is currently the third-largest exchange by normalized trade volume with $1.02 billion worth of ERC-20 tokens changing
Yesterday the U.S. Center for Disease Control and Prevention issued a nationwide order halting evictions through the end of the year. The order covers 43 million U.S. residential renters if they meet income and other eligibility requirements. AFP via Getty Images The CDC’s action follows President Trump’s Executive Order of August 8, 2020. The order
Late Tuesday, as temporary, coronavirus-related eviction protections in several states had expired, the Trump administration announced a somewhat creative plan to stop most rental evictions through the end of the year. The White House issued an order through the Centers for Disease Control and Prevention that declared evictions during a pandemic are a national health
Canaan Creative, the Chinese maker of bitcoin mining hardware, reported a net loss of $2.4 million during the second quarter of 2020, down from $5.6 million in the previous quarter. It is the second consecutive quarter of narrowing losses for the firm, hit hard by falling demand amid the Covid-19-induced global recession. For the three
By Stephenie Overman, Next Avenue Contributor getty An 18-year-old American soldier who went to fight in Vietnam in 1968 — the year of peak deployment —is now 70 years old. In addition to the usual health problems affecting that age group, many Vietnam veterans struggle with Post-traumatic stress disorder (PTSD) and the effects of Agent
New Jersey local governments gain new bonding capabilities to offset COVID-19-related revenue losses after Gov. Phil Murphy signed a revised municipal borrowing bill that addressed his previous debt concerns when he vetoed an earlier version of the measure. Murphy signed the legislation Monday three weeks after issuing a conditional veto noting opposition to the proposed
[embedded content] The junior mining sector has seen record capital inflows in capital, but one mining executive warns of the risk of intense, sudden interest in the space. “The amount of money being raised and the consistent pattern of upsize in capital raises due to over commitment or the size of the deal having so
We are often warned that negative interest rates are an approaching menace, not an immediate one, yet are negative rates already reality in the US? by Brian Maher of Daily Reckoning We are often warned that negative interest rates are an approaching menace — not an immediate menace. Yet are negative rates already reality in
While many small pharma companies are racing to bring various coronavirus-related solutions to market, it is one of Big Pharma’s representatives that has flexed its muscles with the latest meaningful product. Last week, Abbott Laboratories (ABT) announced it had been granted emergency use authorization (EUA) by the FDA for its rapid COVID-19 antibody test, BinaxNOW.
People walk past the Calvin Klein store at the Woodbury Common Premium Outlets Mall on October 21, 2017 in Central Valley, NY. Gary Hershorn | Getty Images Check out the companies making headlines after the bell: Five Below — Five Below shares rallied after the close of the regular session Wednesday evening after it said sales
What Is Amortization vs. Impairment of Tangible Assets? Amortization and impairment relate to the value of a company’s intangible assets, which are reported on the balance sheet. Intangible assets include goodwill, or the value associated with the company’s name and reputation. Also, patents, trademarks, and copyrights are assigned a value and reported as intangible assets.
Elon Musk, co-founder and chief executive officer of Tesla Motors. Yuriko Nakao | Bloomberg | Getty Images Baillie Gifford, Tesla’s largest outside shareholder, has reduced its position in the electric auto maker after the company’s rapid share appreciation made it an outsized influence on the firm’s holdings. A filing with the Securities and Exchange Commission
US equities followed European stocks higher on Wednesday on mounting expectations central banks would unleash yet more monetary stimulus. The S&P 500 index gained 1.5 per cent to close at a record high for a second consecutive day. The benchmark, up 10.8 per cent for the year to date, was buoyed by reports that US
Silvio Berlusconi, Italy’s former prime minister, has tested positive for coronavirus and is currently in isolation at his home in Arcore, his staff said in a statement. Mr Berlusconi, 83, a media mogul who served as prime minister of Italy in four governments from 1994 to 2011, will continue to work from his residence, a
After this year’s surge in high-growth stocks, two big ETFs tracking those companies are losing steam. Both the $65 billion Vanguard Growth ETF (VUG) and the $10 billion iShares Core S&P U.S. Growth ETF (IUSG) posted their largest outflows on record last month, according to data compiled by Bloomberg. Funds focused on growth lost more
Fortune picked out a number of individuals deemed as most influential for 2020, listing 40 different names across five separate sectors. Binance.US CEO, Catherine Coley, and eToro CEO Yoni Assia found their names on the list, published on Sept. 2, under the finance section. Technology, politics, healthcare and media made up the other sections, each holding
Transcendentalist author Henry David Thoreau once wrote in his classic book Walden, “We need the tonic of wildness.” In this book from 1854, Thoreau wrote about his life in the woods in Massachusetts, which focused on simple living in nature and privacy. His serene way of life surrounded by nature served as inspiration for Walden
Rendering of Maude Park, Middlefield Park Source: Google Whoever thought the coronavirus pandemic would drastically change tech companies’ real estate plans in Silicon Valley, hasn’t met Google. The Alphabet company has proposed a new tech campus in its historic home city of Mountain View, with plans to remodel 40 acres into a mixed-use center that
Pornhub now accepts bitcoin as the platform expands its cryptocurrency payment options. The leading adult video streaming website has over 12 million videos, more than 130 million daily visitors, and was visited 42 billion times last year, according to the platform. Pornhub Accepts Bitcoin Pornhub is the world’s leading adult video streaming website by number
A California street getty It sounds preposterous, and the headline of a recent article here at Forbes by Marilyn Cohen is certainly eye-catching: “The Lunacy Of Using City Streets To Collateralize New Municipal Bond Deals.” And these aren’t just any municipal bond deals — two cities in California are issuing bonds with their own city
Florida upsized its taxable bond sale by $1 billion and came to market Wednesday with a $3.5 billion deal that will help bolster the state’s Hurricane Catastrophe Fund. California’s $2.5 billion general obligation bond deal was also priced in the primary giving buyers a wide variety of paper to choose from. “You cannot deny that
[embedded content] (Kitco News) – Jerome Powell’s hawkishness at last week’s Jackson Hole Symposium created doubts in gold investors’ minds, sending the yellow metal to trade sideways for the last few days. Volatility for gold presents an opportunity to buy on the dips, said Frank Holmes, CEO of U.S. Global Investors who said that “if
Have you noticed that the government’s answer to every problem is more government—at taxpayer expense—and less individual liberty? by John Whitehead via The Rutherford Institute “A government big enough to give you everything you want is a government big enough to take away everything that you have.”—Anonymous Have you noticed that the government’s answer to
The bullish trend, which has been going on five months now, continues. The S&P 500 and NASDAQ set a new all—time high, and the Dow Jones is holding above 28,000, a level it has not seen since the end of February. But what goes up, must come down; even Superman must come back down to
Elon Musk, chief executive officer of Tesla Inc., arrives at federal court in New York, U.S., on Thursday, April 4, 2019. The SEC says Musk violated his agreement with the agency when he tweeted on February 19 that Tesla would make about half a million cars in 2019, before tweeting a few hours later that