Articles by admin

Yahoo Finance’s Brian Sozzi and Alexis Christoforous break down the market action for Mastercard. …read more […]

Macy’s has logged fourth-quarter earnings that outpaced analysts’ bets, signaling hopes for the struggling retailer amid its ambitious turnaround efforts.The department store chain announced on Tuesday earnings per share of $2.12 on an adjusted basis, versus Wall Street’s expectations of $1.96 per share. Although revenues dropped 1.46% to $8.34, the figure topped forecasts of $8.32 billion.Macy’s attributed the earnings beat to a solid holiday shopping season. For the three months ended Feb. 1, same-store sales dropped 0.8% on an owned basis and fell 0.7% on an owned-plus-licensed basis. (Investors appeared bullish on signs of improvement at Macy’s when it released …read more […]

Fears of a coronavirus pandemic sent the markets into a tailspin on Monday with all three major indexes registering heavy losses. Additionally, oil dropped by 4%, and the European equities markets had their worse performing day since mid-2016. In contrast, gold – traditionally a safe haven asset – notched a seven-year high, while the CBOE Volatility Index (VIX), the Street’s fear gauge, shot up by over 46%.The virus has now spread further afield, with the death toll rising to seven in Italy and dozens of deaths reported in Iran. Amidst all the chaos, the search is on to find a …read more […]

Standard & Poor’s said Tuesday that its S&P CoreLogic Case-Shiller national home price index posted a 3.8% annual gain in December, up from 3.5% a month earlier and the fifth month of home price growth acceleration. …read more […]

American Airlines Group Inc said Tuesday it has signed a strategic partnership deal with Qatar Airways and is reviving its codeshare agreement. “The issues that led to the suspension of our partnership two years ago have been addressed, and we believe resuming our codeshare agreement will allow us to provide service to markets that our customers, team members and shareholders value,” said American Chairman and Chief Executive Doug Parker in a statement. Pending government approvals, American will place its code on some Qatar Airways’ nonstop and connecting flights to and from the United States and Qatar Airways’ …read more […]

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Shares of the home improvement chain, considered a barometer for the economic health of U.S. households, rose 2.6% to $245.91 in premarket trading. The U.S. housing market has benefited from the lowest mortgage rates in more than three years after the Federal Reserve lowered borrowing costs thrice in 2019. Sales of existing homes, which make up about 90% of U.S. home sales, surged 9.6% on a year-on-year basis in January, the National Association of Realtors said on Friday. …read more […]

Although Wells Fargo & Co settled major probes with federal agencies over abusive sales practices last week, the bank and its former executives are not out of the woods yet, legal and regulatory experts said. Wells, the fourth-largest U.S. lender, reached a $3 billion deal with the U.S. Department of Justice and Securities and Exchange Commission on Friday related to opening fake customer accounts. …read more […]

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