Bryan R. Smith | AFP | Getty Images Check out the companies making headlines midday Thursday: Overstock.com — Overstock.com shares jumped more than 7% after CEO Patrick Byrne resigned from his post and the company’s board of directors. Byrne’s resignation comes after he made controversial comments regarding his role with the “deep state. “ Nordstrom
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Foot Locker – The athletic footwear and apparel retailer fell a penny short of forecasts with adjusted quarterly profit of 66 cents per share. Revenue also missed forecasts. Foot Locker’s comparable sales increase of 0.8% was short of the 3.3% increase predicted by analysts surveyed by Refinitiv. Nike was named “best idea” at Guggenheim, which
Traders watch prices in the Ten-Year Treasury Note options pit at the CME Group. Getty Images As the rest of the world slows, the U.S. economy has shown weakness but no big cracks. But one area that has been raising alarms, and one that can sway the Fed, is the market’s expectation that inflation will
Customers walk with Foot Locker shopping bags on the Third Street Promenade in Santa Monica, California. Patrick T. Fallon | Bloomberg | Getty Images Check out the companies making headlines in midday trading: Apple, Nvidia, Broadcom, Caterpillar — Shares of the tech companies, along with Caterpillar, all traded lower after President Donald Trump tweeted that
The final week of August — the bittersweet end of summer for many— could be highly volatile, as markets fret over the economy and the latest developments in trade wars. President Donald Trump joins the G-7 leaders in France over the weekend, and markets will be watching to see if the meeting exposes new fault
The latest escalation in the trade war between the U.S. and China increases odds the U.S. economy will fall into recession— and that the Federal Reserve will try to stop it with more aggressive interest rate cuts. President Donald Trump called on U.S. companies Friday to find alternatives to China, following a new round of
Kuni Takahashi | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of Gap slid as much as 7% before settling around 1% lower in extended trading after the retailer posted second-quarter sales that missed estimates. The company reported adjusted earnings per share of 63 cents on revenue of $4.01