Finance

Source: Stitch Fix Check out the companies making headlines in midday trading.  Stitch Fix — Shares of Stitch Fix plummeted nearly 30% after the personal styling service issued a bleak outlook and reported quarterly revenue that missed analysts’ expectations. Stitch Fix reported sales of $451.8 million, below the forecast $452.5 million, according to Refinitiv. Its next

Chinese President Xi Jinping, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, chairs a symposium at the School of Medicine at Tsinghua University in Beijing, capital of China, March 2, 2020. Yan Yan | Xinhua News Agency | Getty Images Chinese President Xi Jinping flew

The JP Morgan Chase flag outside company headquarters in New York. Peter Foley | Bloomberg | Getty Images Bank shares plunged Monday as collapsing oil prices and bond yields sparked worry that the widening impact of the coronavirus could cause a recession. JPMorgan Chase, the biggest U.S. bank, fell nearly 12% by 1 p.m. ET,

Vladimir Putin just sparked what could end up being one of the ugliest oil price wars in modern history, and American oil and gas companies may be the victims. This weekend Saudi Arabia dropped the oil bomb. It not only cut its forward crude price to Chinese customers by as much as $6 or $7

A woman jogs past an H&R Block office on Tax Day, April 18, 2017. Drew Angerer | Getty Images News | Getty Images Check out the companies making headlines in midday trading.  Big Lots — Shares of Big Lots rallied more than 6% in midday trading after it confirmed it received notice from two activist investor

A man runs past the New York Stock Exchange (NYSE). Bloomberg Hundreds of Wall Street traders are about to change their commute starting Monday. Citigroup is traders and salespeople from its headquarters in downtown Manhattan to a backup facility in Rutherford, New Jersey next week in contingency plans tied to the coronavirus, according to a

Farmer Dana Putnam tries to tap a maple tree for sap, but is unsuccessful. His trees are producing less sap as the climate changes. Emma Newburger | CNBC ORANGE COUNTY, NY — Dana Putnam drilled into a maple tree, added a plastic tube and waited for the sap to flow. Nothing happened. It’s the end

Traders work during the opening bell at the New York Stock Exchange (NYSE) on February 28, 2020 at Wall Street in New York City. Johannes Eisele | AFP | Getty Images The S&P 500 has never behaved like this, but Wall Street strategists say get used to it.  Investors just witnessed the equity benchmark swinging

The “Fast Money” traders share their first moves for the market open. Steve Grasso was a buyer of Snap. Brian Kelly was a buyer of SPDR Gold Shares. Karen Finerman was a seller of S&P 500 ETF puts. Guy Adami was a buyer of FireEye.  Disclaimer Trader disclosure: Brian Kelly is Long Bitcoin, Ethereum. Long GLD,

A visitor holding a revolver by US manufacturer Smith & Wesson (S&W) at the IWA OutdoorClassics trade show for hunting, shooting sports, equipment for outdoor activities and for civilian and official security applications. Daniel Karmann | picture alliance | Getty Images Check out the companies making headlines after the bell. American Outdoor Brands — The gun

Check out the companies making headlines before the bell: Zoom Video (ZM) — The video conferencing company reported earnings of 15 cents per share on revenue of $188.3 million. Wall Street was expecting earnings of 7 cents per share on revenue of $176.5 million, according to Refinitiv.  American Eagle (AEO) — The retailer’s quarterly earnings beat on

American clothing and accessories retailer American Eagle store seen in Tokyo. (Photo by Budrul Chukrut/SOPA Images/LightRocket via Getty Images) Budrul Chukrut | SOPA Images | Light Rocket | Getty Images Check out the companies making headlines after the bell. American Eagle Outfitters — The clothing retailer’s stock was up 5% in extended trading after the company

Check out the companies making headlines before the bell Wednesday: Amazon (AMZN) — An employee in Amazon’s “Brazil” office in downtown Seattle tested positive for the coronavirus. ″We’re supporting the affected employee who is in quarantine,” Amazon told CNBC. General Electric (GE) — The industrial giant said it expects the coronavirus outbreak to shave off between $300

A pedestrian carries a Nordstrom shopping bag in Chicago. Christopher Dilts | Bloomberg | Getty Images Check out the companies making headlines after the bell. Nordstrom — Shares of the fashion retailer dipped 8% in extended trading after the company missed analysts’ expectations on both earnings and revenue for the fourth quarter. The company reported earnings

Check out the companies making headlines in the premarket Tuesday: Target — Target shares dipped about 0.8% in the premarket after the retailer reported disappointing revenue figures. The company posted revenue of $23.4 billion for the previous quarter. That’s slightly below a Refinitiv estimate of $23.5 billion. Same-store sales — a key metric for retailers

Traders work on the floor at the New York Stock Exchange, March 2, 2020. Brendan McDermid | Reuters This is a developing story. Check back for updates. Stock market futures rose in early trading following Monday’s roaring comeback rally that saw the Dow Jones Industrial Average post its biggest percentage gain since March 2009 and

With the Federal Reserve expected to act soon in response to the coronavirus scare, there’s a chance that the central bank could take policy back to where it was during the financial crisis.  Goldman Sachs economists said Sunday they see the Fed cutting rates by 50 basis points by its March meeting or sooner, and

Many investors have been whipsawed by the market’s sharp downturn, but billionaire investor Leon Cooperman thinks reinstating an old trading rule could help protect them: The uptick rule. The uptick rule was a rule from the Securities and Exchange Commission that prevented short sellers from putting more pressure on a security that was already languishing.

A customer exits a Big Lots store in Clifton, New Jersey. Emile Wamsteker | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Big Lots — Shares of Big Lots tumbled nearly 30% after the retailer posted a quarterly earnings miss. The company reported earnings per share of $2.39 in the

A trader reacts on the floor at the New York Stock Exchange (NYSE) in New York, U.S., August 5, 2019. Brendan McDermid | Reuters The coronavirus wiped $3.18 trillion in market value from U.S. stocks this week, according to estimates from S&P Dow Jones Indices. The equity benchmark lost $203 billion in value on Friday,

Traders work at the New York Stock Exchange in New York, the United States, on Jan. 8, 2020. Xinhua News Agency Stock investors just experienced one of the nastiest weeks in history that recorded the S&P 500‘s fastest correction on record, but hold on tight, the market might have more room to fall as the

Traders work on the floor of the New York Stock Exchange, January 27, 2020. Spencer Platt The U.S. stock market suffered a historic pullback this week as the coronavirus spread outside of China, spooking investors and traders out of equities. The Dow Jones Industrial Average and S&P 500 each dropped 12% and 11% for the

Traders work on the floor of the New York Stock Exchange, January 27, 2020. Spencer Platt Barclays slashed its S&P 500 target for 2020 as the coronavirus throws the global supply chains into chaos. The bank also expects U.S. companies to see an earnings decline this year. The bank now sees the S&P 500 to

Shoppers walk through the Easton Town Center Mall in Columbus, Ohio. Luke Sharrett | Bloomberg | Getty Images Check out the companies making headlines after the bell. Beyond Meat — The meat substitute maker’s stock plunged 8% in extended trading after the company reported a fiscal fourth-quarter net loss of $0.5 million, or 1 cent

Standard Chartered posted a substantial rise in pre-tax profit for 2019 on Thursday, but the Asia-focused bank warned that the spread of the coronavirus would likely slow progress toward one of its key earnings targets. The company said annual pre-tax profit was up 46% at $3.7 billion for the year, although this was slightly below

Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters U.S. stock futures traded slightly lower on Wednesday night after Microsoft warned it will not meet its revenue guidance for a key business segment, citing the recent global coronavirus outbreak. President Donald Trump is also scheduled to hold a news

Klarna CEO Sebastian Siemiatkowski speaks at a technology and music conference in Stockholm, Sweden. Johan Jeppsson | Bloomberg via Getty Images Swedish financial technology start-up Klarna has reported an annual loss for the first time, following years of profitability. Klarna, which lets people buy items online and pay for them over instalments, reported a loss

Stock futures were up just slightly in overnight trading after stocks’ worst two-day rout in more than four years amid heightened concern the coronavirus will upend global economic growth. Futures on the Dow Jones Industrial Average rose 96 points, while the S&P 500 futures were up 0.2%. To be sure, futures trading this early may

This is a live blog. Check back for updates 6:27 am: Futures point to muted gains at the open Stock futures implied a positive open for the major averages, with the Dow Jones Industrial Average indicating a gain of 113 points at the open. This hardly makes up for Monday’s losses, however, which saw $1.7

Stock futures bounced a bit on Monday evening following the market’s worst decline in two years on coronavirus fears. Futures on the Dow Jones Industrial Average were up by 34 points, while S&P 500 futures were higher by 0.2%. The slight gains came even as after the bell United Airlines and Mastercard warned about the potential