By Sean Pyles In a holiday season that many of us will spend apart from loved ones, gift-giving might feel even more important than usual. After all, if you can’t travel to see family, at least you can see them unwrap gifts over a video call, right? And just as […]
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Sustainable Investing Assets Jump. Why That’s Not Good Enough.
Text size Meg Voorhes (left) and Lisa Woll (right) of US SIF Courtesy of Meg Voorhes; Courtesy of Lisa Woll Every two years, US SIF, the trade organization for the sustainable investment industry, publishes a report that tracks asset growth and other themes. This year, it reported that assets sprang […]
Farfetch says luxury shopping has permanently moved online, shares jump
Farfetch Ltd. FTCH, +8.87% says luxury shopping has gone digital and it’s not going back to its traditional brick-and-mortar ways even once the coronavirus pandemic is past. “We believe we’re witnessing a paradigm shift in the way people buy luxury,” said José Neves, chief executive of the luxury e-commerce retailer, […]
Markets Jump on First Trading Day After Biden Victory: Live Business Updates
Here’s what you need to know: Stocks rose last week, and continued surging on Monday, as investors became convinced that President-elect Biden will govern alongside a Republican-held Senate. Credit…Erin Schaff/The New York Times Stocks on Wall Street were set to open about 1 percent higher on Monday, following strong gains […]
Forget Washington and Jump on These 3 Must-Own Stock Buys
Nearly since the last presidential election in 2016, some investors have obsessed over what would happen in 2020. As new government policies took effect over the past four years — most notably with tax reform — Americans realized what was at stake in the 2020 elections. Yet for investors, politics […]
Next sees online jump but store sales still down
TipRanks 3 Stocks Flashing Signs of Strong Insider Buying For investors, finding the right sign is part of the game. Stocks don’t necessarily pick themselves, and the investors who do pick them need to know that they’re making the right choice. Fortunately for investors – and the safety of their […]
BTS Band Members Make Millions as Big Hit Shares Jump in IPO
(Bloomberg) — K-pop agency Big Hit Entertainment Co. soared on its debut trading Thursday, boosting the fortunes of its billionaire founder and seven multimillionaire members of the world’s best-known boy band, BTS. The management company, which makes almost all of its revenue from the pop sensation, opened at 270,000 won […]
Stocks jump on Powell’s inflation plan; Walmart, Microsoft rally on TikTok deal
Powell unveiled a new framework of thinking for the central bank that will tolerate inflation “moderately” above its 2% target. The Fed also committed to reviewing this policy every five years. The Fed chief warned that the persistence of low inflation over the last eight years risks new economic difficulties. “Many find […]
Stocks jump at the open, Dow erases 2020 losses as Powell targets inflation
Powell unveiled a new framework of thinking for the central bank that will tolerate inflation “moderately” above its 2% target. The Fed also committed to reviewing this policy every five years. The Fed chief warned that the persistence of low inflation over the last eight years risks new economic difficulties. “Many find […]
Stock futures jump after Big Tech reports blowout earnings
Stock futures rose Thursday evening, with contracts on the Nasdaq jumping more than 100 points, or 1%, after a slew of better than expected corporate earnings results from major tech firms. After market close, tech titans Facebook (FB), Amazon (AMZN), Apple (AAPL), and Alphabet (GOOG, GOOGL), each reported quarterly results that blew […]
Walmart de Mexico reports 10% jump in quarterly sales, but EBITDA dips
MEXICO CITY (Reuters) – Walmart’s Mexico unit reported a 10% jump in second quarter revenue compared with the year-earlier period on Thursday, helped by more grocery sales and online shopping amid stay-at-home measures meant to contain the coronavirus. Still, Walmart de Mexico <WALMEX.MX>, the biggest retailer in Mexico, saw earnings […]