Customers push shopping carts while exiting a Costco Wholesale Corp. store in Richmond, California. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of Costco dipped 1% during extended trade after the company reported sales that missed analyst expectations for the fourth quarter. The wholesaler reported
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Check out the companies making headlines before the bell: PepsiCo – The beverage and snack giant reported adjusted quarterly profit of $1.56 per share, beating consensus estimates by 6 cents a share. Revenue also beat Street forecasts, and the company reported better-than-expected organic revenue growth for the quarter of 4.3%. Constellation Brands – The spirits
Tesla cars are seen at a shopping mall showroom in Los Angeles. Mark Ralston | AFP | Getty Images Check out the companies making headlines after the bell: Tesla shares dipped as much as 5% during extended trade after the electric-car maker reported lower-than-expected vehicle deliveries for its third quarter. The company delivered 97,000 vehicles,
Check out the companies making headlines before the bell: Lennar – The homebuilder reported profit of $1.59 per share for its third quarter, beating the consensus estimate of $1.32 a share. Revenue also exceeded Wall Street forecasts. The volume of new orders rose 9% from a year earlier, although the dollar value of those new
Engines assembled as they make their way through the assembly line at the General Motors (GM) manufacturing plant in Spring Hill, Tennessee, August 22, 2019. Harrison McClary | Reuters Wednesday’s report of ADP private payrolls could give clues on the labor market, the next part of the economy to be scrutinized after an important manufacturing
Strategists say the stock market should have a better fourth quarter after a range-bound third quarter, even with turbulence that could come from an impeachment inquiry and ongoing trade tensions with China. The S&P 500 ended the third quarter at 2,976 with a 1.2% gain, and it is now about 1.7% below the all-time high
Traders work on the floor at the New York Stock Exchange. Eduardo Munoz | Reuters Investors rotated into the cyclical financial, energy, materials and industrial sectors in September, but they also added to holdings in utilities after interest rates dipped over the summer. Investors bought financial stocks in September, as interest rates began to rise
Check out the companies making headlines before the bell: Beyond Meat – McDonald’s is testing a new “PLT” – a plant, lettuce, and tomato sandwich – that uses Beyond Meat’s plant-based patties. The tests will take place in 28 restaurants in Canada. Accenture – The consulting firm earned $1.74 per share for its fiscal fourth
Ari Emmanuel Dan Steinberg | Invision | AP In a surprising move, Endeavor pulled its IPO just before it was set to price, signaling a possibly softer market for other initial offerings, after a disappointing debut by Peloton Interactive earlier Thursday. The difficult market environment for such high profile IPOs was seen as a negative
Check out the companies making headlines before the bell: Wells Fargo – Wells Fargo named Bank of New York Mellon CEO Charles Scharf as CEO, effective October 21. Wells Fargo has been without a permanent CEO since Tim Sloan left the bank earlier this year. BNY Mellon named CFO Thomas Gibbons as its interim CEO.
The Federal Reserve has used open market operations to soothe the short-term funding market, and now its temporary fix faces a test as the third quarter ends. The Fed has used overnight and 14-day market operations to stabilize the repo market, used by financial institutions to fund themselves on a short term basis. The Fed
Traders work on the floor of the New York Stock Exchange (NYSE) on January 6, 2016 in New York City. Spencer Platt | Getty Images News | Getty Images Check out the companies making headlines midday Friday: Alibaba, JD, Baidu — Shares of Chinese companies include Alibaba, JD.com and Baidu plunged as much as 6%
The third quarter wraps up in the week ahead with stocks just slightly higher for the period, after a summer of zigzag moves. The market faces some of the same challenges in the final quarter of the year, including Brexit, the trade war with China, sluggishness in the global economy and the impeachment inquiry into
Passengers seen boarding a LATAM Airlines Airbus 320 at Puerto Maldonado airport also know as Padre Aldamiz International Airport. John Milner | LightRocket | Getty Images Check out the companies making headlines after the bell: LATAM Airlines shares skyrocketed more than 47% after the bell following a CNBC report that Delta Airlines is planning to
Facebook Chief Executive Mark Zuckerberg walks past members of the news media as he enters the office of U.S. Senator Josh Hawley (R-MO) while meeting with lawmakers to discuss “future internet regulation on Capitol Hill in Washington, September 19, 2019. Joshua Roberts | Reuters Check out the companies making headlines in midday trading: Facebook – Shares
Striking United Auto Workers (UAW) walk the picket line in Hamtramck, Michigan, September 25, 2019. Rebecca Cook | Reuters Check out the companies making headlines after the bell: General Motors shares jumped 1.8% after the bell following a CNBC report that the automaker and United Auto Workers union are nearing a tentative agreement that could
Stocks so far are shrugging off risks that President Donald Trump could be impeached, but investors may be betting that if he is, the market will ultimately rally, the way it did in the Clinton era. On Tuesday, House Speaker Nancy Pelosi announced that the House would investigate impeaching Trump for seeking help from the
People walk past a Nike store in New York. Carlo Allegri | Reuters Check out the companies making headlines after the bell: Shares of Nike hit an all-time high, surging more than 5.5% during extended trade, following strong first-quarter earnings. CEO Mark Parker credited the earnings beat to product innovation and stronger e-commerce business. The footwear
Check out the companies making headlines in midday trading: Netflix — Netflix fell more than 3% after two more Wall Street analysts joined a host of brokerages worried about new competitive pressures. The internet streaming website’s big spending and rival moves by Apple, Disney and NBC have started to cost Netflix key content licenses and
People exit the New York Stock Exchange building along Wall Street in New York City. Stephanie Keith | Getty Images Check out the companies making headlines after the bell: VEREIT shares tanked nearly 12% before settling 2.3% under its closing price after the real estate investment company announced it will offer 71 million shares of