Market Insider

A customer reaches for a video game inside a GameStop store in San Francisco, California. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in midday trading. GameStop – Shares of the video game retailer cratered 16% after GameStop slashed its full year profit forecast and reported a surprise third-quarter

A Lululemon sign hangs in front of their store at the Woodbury Commons Premium Outlets shopping mall on November 17, 2019 in Central Valley, New York. Gary Hershorn | Corbis News | Getty Images Check out the companies making headlines after the bell: Shares of Lululemon Athletica slipped 5% during extended trading Wednesday despite the

Shantanu Narayen Mark Neuling | CNBC Check out the companies making headlines after the bell: Shares of Adobe jumped more than 2% after the company posted a fourth-quarter earnings beat. The software company posted earnings of $2.29 per share on revenue of $2.99 billion, exceeding the earnings of $2.26 per share and revenue of $2.97

President Donald Trump speaks to reporters in Washington, December 7, 2019. Erin Scott | Reuters The trade deal agreed to by the U.S. and China diffuses tensions between the world’s two largest economies, and could help boost corporate profits and the global economy next year, analysts say. That would be a positive for stocks and

Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters With trade tensions toned down, stocks have clearance to rally into year-end, a traditionally positive time for stocks. Stocks surged to record highs in the past week, as the U.S. and China moved to announce a phase one trade deal

Check out the companies making headlines before the bell: Oracle (ORCL) – Oracle beat estimates by 2 cents a share, with quarterly profit of 90 cents per share. The business software giant’s revenue fell short of Wall Street estimates and its current-quarter earnings outlook falls largely below Wall Street forecasts. Separately, Chairman Larry Ellison said

President Donald Trump delivers remarks at a Keep America Great Rally at the Rupp Arena in Lexington, Kentucky, November 4, 2019. Yuri Gripas | Reuters President Donald Trump is not expected to impose new tariffs on China this weekend, but he may not have much of a trade deal to show either. That promise, however,

Check out the companies making headlines before the bell: Southwest Airlines (LUV) – Southwest said it had struck a confidential agreement with Boeing (BA) over the grounding of the 737 Max aircraft. Details were not released but Southwest did say it would share the proceeds with its workers by adding $125 million to its profit-sharing

Federal Reserve Chairman Jerome Powell made it clear the central bank will not move on interest rates unless it sees a significant and persistent move in inflation, which has been stubbornly below the Fed’s target. Markets took Powell’s comments as dovish, meaning the Fed is leaning toward an easing policy and keeping interest rates low

Check out the companies making headlines before the bell: Home Depot (HD) – The home improvement retailer forecast 2020 sales growth below consensus estimates, due to the fact that its “One Home Depot” strategy is not yet generating as much revenue as it had expected. GameStop (GME) – GameStop reported a quarterly loss of 49

Federal Reserve Chairman Jerome Powell holds a news conference following a closed two-day Federal Open Market Committee meeting in Washington, September 18, 2019. Sarah Silbiger | Reuters The Federal Reserve is likely to indicate it’s not in a hurry to do anything to change its neutral stand on interest rates, following its meeting Wednesday. But

Check out the companies making headlines before the bell: AutoZone (AZO) – The auto parts retailer earned $14.30 per share for its first quarter, better than the $13.74 per share consensus estimate. Revenue beat forecasts as well, and comparable-store sales rose 3.4% versus the 2.5% rise expected by analysts surveyed by Refinitiv. HD Supply (HDS)

Wepix | Getty Images Stock investors are hedging in a big way against something scary coming at them this time next year and it could be related to the outcome of the presidential election. The price of buying downside puts, meaning a negative bet on the S&P 500 is at a historical level compared to

Check out the companies making headlines before the bell: ArQule (ARQL) – The cancer drug maker agreed to be acquired by Merck (MRK) for $20 a share, or about $2.7 billion. That’s more than double ArQule’s Friday closing price of $9.66 per share. Canopy Growth (CGC) – The cannabis producer named Constellation Brands (STZ) Chief

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

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

November’s surprisingly strong jobs report makes it less likely the Fed will move to cut interest rates, and it could even sound more hawkish when it meets next week. A so-called ‘hawkish’ Fed is one that is more likely to move to tighten policy than make it looser by cutting interest rates or taking other

An Uber banner on the New York Stock Exchange on the day of Uber’s IPO, May 10, 2019. Source: NYSE Check out the companies making headlines in midday trading: Uber Technologies — Shares of Uber slid 2% after the ride-hailing company said more than 3,000 sexual assaults occurred during rides last year in the United

China’s President Xi Jinping (L) and US President Donald Trump attend a welcome ceremony at the Great Hall of the People in Beijing on November 9, 2017. AFP Contributor | AFP | Getty Images The Trump administration’s Dec. 15 deadline for new tariffs on China looms large, and while most strategists expect them to be

Check out the companies making headlines before the bell: Tapestry (TPR) – The parent of the Coach and Kate Spade brands was downgraded to “in line” from “outperform” at Evercore, based on a shift by consumers to a more casual lifestyle with an emphasis on sneakers and athletic wear. Big Lots (BIG) – The discount