A trader works on the trading floor of the New York Stock Exchange (NYSE) in New York City, January 26, 2023. Andrew Kelly | Reuters Stock futures fell Friday morning as investors looked forward to earnings and economic reports due later in the day. Futures linked to the Dow Industrial Average fell 42 points, or … Read more
A trader works on the trading floor of the New York Stock Exchange (NYSE) in New York City, January 26, 2023. Andrew Kelly | Reuters Stock futures fell Friday morning as investors looked forward to earnings and economic reports due later in the day. Futures linked to the Dow Industrial Average fell 42 points, or … Read more
Signage is seen by an overturned shopping cart outside a Bed Bath & Beyond Inc. store in Greendale, Wisconsin. Daniel Akker | Bloomberg | Getty Images Bed bath & beyond said Thursday it doesn’t have enough money to pay off its debts and has defaulted on its line of credit with JP Morgan, again warning … Read more
Check out the companies making headlines during midday trading. Seagate technology — Shares of the data storage company rose more than 10% in a day after Seagate posted top and bottom line beats for its fiscal second quarter. Seagate reported earnings of 16 cents per share on revenues of $1.89 billion. Analysts were expecting earnings … Read more
A mural praises the Russian Wagner group and its mercenaries fighting in Ukraine in Belgrade, Serbia, on March 30, 2022. Pierre Crom | Getty Images WASHINGTON — The Biden administration on Thursday announced a slew of new sanctions and additional measures against Russia’s private military company, the Wagner Group, saying it is involved in an … Read more
Shoppers stock up on merchandise at a Sam’s Club store in Streamwood, Illinois. Scott Olson | Getty Images walmartSam’s Club-owned company said Thursday it will open more than 30 new stores in the U.S., marking its most aggressive expansion in years. The warehouse club’s next store is expected to open in Florida in 2024. Sam’s … Read more
The Nasdaq Composite rose Thursday as fourth-quarter gross domestic product beat expectations and investors analyzed the latest string of corporate earnings. The tech-heavy index rose 0.9%, while the Dow Jones Industrial Average traded flat. The S&P 500 rose 0.45%. GDP data released Thursday shows the economy grew at an annualized rate of 2.9% in the … Read more
The US economy ended 2022 in solid shape, even as questions remain whether growth will turn negative in the coming year. Fourth-quarter gross domestic product, the sum of all goods and services produced from October to December, rose 2.9% year-over-year, the U.S. Commerce Department reported Thursday. Economists polled by Dow Jones had expected a reading … Read more
American Airlines employees assist with passenger check-in at Ronald Reagan Washington National Airport on January 11, 2023 in Arlington, Virginia. Alex Wong | Getty Images US airlinesFourth-quarter earnings beat analysts’ expectations as strong travel demand and high fares supported results during a turbulent holiday season. Shares of American rose about 2% in premarket trading Thursday. … Read more
Travelers check in at a Southwest Airlines ticket counter during the busy Christmas holiday season at Orlando International Airport on December 28, 2022 in Orlando, Florida. Paul Hennessey | Anadolu Agency | Getty Images Southwest airlines lost $220 million in the fourth quarter, as the carrier’s vacation collapse drove up costs and cost millions in … Read more
