Tag Archives: ahead

Robinhood (HOOD) shares were up more than 7% by mid-session ahead of the trading platform’s first earnings report since becoming a public company. The results are highly anticipated given its retail user base and the stock’s wild ride following its IPO. This is what the Street is expecting, based on estimates compiled by Bloomberg.  Adjusted earnings (loss) per share: -.26 cents Revenue: $559.5 million In line with the company’s “democratize finance for all” theme, the trading platform has… Source link

(Reuters) – Grocery chain Aldi said on Monday it is hiring more than 20,000 new workers and raising its wages in the United States as it gets ready for the busy holiday season at a time when retailers and restaurants are scrambling to find workers. The U.S. arm of the German discount supermarket group said it has increased its average national starting wages for store and warehouse workers to $15 and $19 per hour, respectively. Aldi will host a hiring week in September to fill an array of… Source link

The world’s largest retailer sees its stock come alive again, finally. Walmart’s stock (WMT) has widely lagged the S&P 500 (^GSPC) this year (3.8% gain for Walmart vs. 18% gain for the S&P 500) as investors fret about slowing sales and earnings growth after a big year of consumers stocking up during the height of the pandemic in 2020. Inflation in labor and transportation (as mentioned by vendors to Walmart in the past few weeks such as Clorox, Proctor & Gamble and Kimberly-Clark) and what… Source link

Federal data reveals that despite the interest-free payment pause allowing borrowers to find some breathing room during the pandemic, two-thirds of nearly 430,000 student loan borrowers were still “underwater” — meaning that they still haven’t been able to make a dent on their original balance. The data, obtained from the Education Department (ED) by the Center for Responsible Lending and the National Consumer Law Center (NCLC) through a freedom of information request (FOIA) and provided to… Source link

Editor’s Note: Morning Tech is a free version of POLITICO Pro Technology’s morning newsletter, which is delivered to our subscribers each morning at 6 a.m. The POLITICO Pro platform combines the news you need with tools you can use to take action on the day’s biggest stories. Act on the news with POLITICO Pro. — The city that never sleeps: Google’s ad tech antitrust cases are headed for a New York judge that knows a bit about advertising antitrust suits — that is, if Congress… Source link

Stock futures opened slightly lower Thursday evening ahead of a key labor market report, which is set to offer a fuller picture of the labor market’s recovery and help inform the next moves for monetary policymakers.  Contracts on the S&P 500 were flat to down slightly as the overnight session kicked off. The blue-chip index closed at a record high on Thursday, shaking off declines from a day earlier. The Dow and Nasdaq also ended in positive territory.  For investors, all eyes on Friday… Source link

Stock futures opened slightly to the upside Wednesday evening as investors awaited more earnings and data on the labor market’s recovery.  Contracts on the S&P 500 traded a tick above the flatline. The blue-chip index had ended the day in the red, pulling back from Tuesday’s record closing high. The Dow also ended lower, while the Nasdaq eked out a higher close.  Some of the closely watched companies that reported earnings results after market close on Wednesday disappointed relative to Wall… Source link

Stock futures traded slightly lower Tuesday evening after closing higher during the regular trading day, with investors’ optimism over rebounding corporate earnings helping counterbalance ongoing concerns over the coronavirus. Contracts on the Dow ticked down. Earlier, the 30-stock index closed higher for the first time in three session and came within striking distance of an all-time high. The S&P 500 and Nasdaq also gained.  Shares of ride-hailing company Lyft (LYFT) gained in late trading… Source link

The U.S. has fallen significantly behind China in the race to develop a blockchain-based payment system, Pantera Capital founder and CEO Dan Morehead told Yahoo Finance in a recent interview. “China’s six years ahead of the United States in building a blockchain-based payment system,” Morehead said in a Friday segment on blockchain technology with Yahoo Finance Live. China’s dominance in the blockchain space may propel America into action in the near future, according to Morehead,… Source link

Moderna (MRNA) is set to join the S&P 500 index on Wednesday, replacing Alexion Pharmaceuticals Inc. (ALXN). The stock has soared amid the pandemic after its vaccine became instrumental in the fight against coronavirus. Moderna stock has “taken on a life of its own,” Michael Yee, Managing Director and Senior Research Analyst at Jefferies, told Yahoo Finance (video above). “It’s priced in a huge amount of assumptions over the next ten years that haven’t played out yet. People believe… Source link