A prominent stock-market analyst throws in the towel as the S&P 500 index nears his end-of-decade target with “eight-and-a-half years to go,” writing that he now agrees with colleagues that the U.S. benchmark could hit 8,000 by 2030.
Lululemon Athletica Inc.’s direct-to-consumer sales nearly doubles in the quarter, making up half of total sales as the retailer tops Wall Street expectations for the quarter and says it is in the “early innings” of its growth.
President Joe Biden’s big speech on infrastructure is slated to come on Wednesday as he visits Pittsburgh. Analysts have been thinking about his push for spending $3 trillion or more on roads, clean energy, broadband and much more — including how to make money from it.
Asian Americans have been bumped during the pandemic from their historical perch of having the lowest jobless rate of any major ethnic group, but experts say it’s unclear why.
U.S. stocks finished slightly lower Thursday as investors contended with higher bond yields and the threat of inflation given expectations for the the economy to recover quickly later this year.
Wall Street on Tuesday may be seeing muted action but investors were still buzzing about the highly leveraged wrongway bet reportedly employed by Bill Hwang’s Archegos Capital Management, which may have saddled many banks with multibillion-dollar losses.
A prominent stock-market analyst throws in the towel as the S&P 500 index nears his end-of-decade target with “eight-and-a-half years to go,” writing that he now agrees with colleagues that the U.S. benchmark could hit 8,000 by 2030.
.U.S. stocks edge lower Tuesday as investors contend with threat of inflation and higher bond yields, precipitated by expectations for the economy to recover quickly later this year.
Wall Street on Tuesday may be seeing muted action but investors were still buzzing about the highly leveraged wrongway bet reportedly employed by Bill Hwang’s Archegos Capital Management, which may have saddled many banks with multibillion-dollar losses.
Streaming giant Netflix Inc. believes it can reach net zero emissions as soon as the end of next year. Netflix’s carbon footprint reached 1.1 million metric tons last year. That roughly equals the footprint of a town with 150,000 homes.
The developer of the popular “Fortnite” videogame said on Tuesday that it had filed a complaint with the U.K.’s Competition and Markets Authority amid the regulator’s investigation into Apple for suspected anticompetitive behavior.
Technically speaking, the S&P 500 has sustained a reversal from major support, rising to challenge record highs, and within striking distance of the marquee 4,000 mark, writes Michael Ashbaugh.
The head of the Centers for Disease Control and Prevention made an emotional plea with the American public on Monday, describing her sense of “impending doom” as she urged people not to let their guard down as COVID-19 cases are on the rise again.
Just more than half the population of England now has antibodies against coronavirus, a key development showing the impact of the vaccination drive against the COVID-19 pandemic.