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Paul Volcker, Chairman Federal Reserve Board, speaking at Domestic Policy Subcommittee meeting in November, 1980. Diana Walker | The LIFE Images Collection | Getty Images Paul Volcker’s greatest legacy as Fed chief was breaking inflation with shockingly high interest rates, but he turned the housing market into a nightmare for both buyers and sellers. Volcker
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An employee walks past a quilt displaying Etsy Inc. signage at the company’s headquarters in the Brooklyn. Victor J. Blue/Bloomberg via Getty Images Check out the companies making headlines in midday trading: Etsy — Shares of e-commerce company Etsy fell 1.4% after Morgan Stanley downgraded the e-commerce website company to underweight from ‘equal weight. The
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Job growth should appear strong in November as striking GM workers returned to the workforce. Economists surveyed by Dow Jones expected 187,000 jobs were added in November, and Refinitiv’s consensus forecast was 180,000. Wages are expected to rise by 0.3% in the month, and unemployment is expected to remain at 3.6%. The government’s monthly employment
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Check out the companies making headlines before the bell: Nike (NKE) – The athletic footwear and apparel maker was upgraded to “buy” from “neutral” at Goldman Sachs and added to the firm’s “Conviction Buy” list. Goldman believes Nike is on the verge of a sharp acceleration in earnings growth, with China being a key driver.
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George Frey | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Caterpillar, Apple, 3M — Trade sensitive stocks fell on Tuesday after President Donald Trump suggested he may want to delay a trade deal with China until after the 2020 presidential election. Trump later said Tuesday’s market drop is “peanuts” and
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Rob Bernshteyn, CEO, Coupa Software Scott Mlyn | CNBC Check out the companies making headlines after the bell Shares of Coupa Software slipped more than 2% during extended trading after the cloud services company reported third-quarter earnings. Coupa posted earnings of 20 cents per share on revenue of $101.8 million in the third quarter. The
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Check out the companies making headlines before the bell: Walt Disney (DIS) – Disney’s “Frozen 2” set a Thanksgiving holiday weekend record by taking in $123.7 million in North American ticket sales. That broke the previous record set in 2013 by “The Hunger Games: Catching Fire.” Las Vegas Sands (LVS), Wynn Resorts (WYNN) – Shares
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Flextronics International Apple factory employees work on Apple Mac Pro computer assembly in Austin, TX, November 20, 2019. Tom Brenner | Reuters Economists are boosting their fourth quarter growth forecasts after the trade deficit narrowed and business investment showed a surprise pickup in October. The CNBC/Moody’s Analytic’s rapid update of economists forecasts showed a median
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