• Quotes
  • Shortcuts
The Executive's Internet
Thurs, July 9th
editor corner icon Editor's Corner | Archive
How to Leverage the Power of YouTube: Video content on YouTube can have a powerful impact on sales for local businesses as well as global brands. Learn how to leverage YouTube for your business. Patricia
icon
GoogleAmazonWikipedia
site of the day icon Site of the Day | Archive
Weather Spark
Get monthly, daily, and hourly graphical reports of the average weather: daily highs and lows, rain, clouds, wind, etc. Great for event and trip planning.


spacerspacer

 

 BUSINESS/FINANCE NEWS
Setup News Ticker
   BUSINESS/FINANCE NEWS
Searching for 'Market stock'. (Return)

MarketWatch MarketPulseJul 08, 2020
Bed Bath & Beyond plans to close 20% of stores, stock falls on wider-than-expected loss
Bed Bath & Beyond Inc. shares fell in the extended session Wednesday after the housewares retailer reported a wider-than-expected loss for the quarter and said it planned on trimming its store locations by about 20%. Bed Bath & Beyond shares fell 6% after hours, following a 1.6% rise in the regular session to close at $10.41. The company said it plans to close about 200 Bed Bath & Beyond stores over the next two years to help save about $250 million to $350 million a year. Bed Bath & Beyond said it has 955 stores in North America. The company reported a fiscal first-quarter loss of $302.3 million, or $2.44 a share, compared with a loss of $371.1 million, or $2.91 a share, in the year-ago period. The adjusted loss was $1.96 a share. Revenue declined to $1.31 billion from $2.57 billion in the year-ago quarter. Analysts surveyed by FactSet had forecast a loss of $1.27 a share on revenue of $1.39 billion. Bed Bath & Beyond said it was not providing an outlook for the year because of COVID-19 disruptions while analysts expect a loss of $2.06 a share on revenue of $9.02 billion.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



KiplingerJul 08, 2020
Stock Market Today: Tech Stocks Lead Wall Street Forward Again
Wednesday's scene was a familiar one: A day of choppy trading that saw the Nasdaq and its host of mega-caap tech stocks outpace the other blue-chip indices.

The U.S. reported another record spike in coronavirus cases yesterday, which appeared to weigh on most of the market early in the day. But stocks firmed up later in the day, led by solid gains for Big Tech.

Pros' Picks: The 15 Best Nasdaq Stocks You Can Buy Apple (AAPL) advanced by 2.3% after Deutsche Bank analyst Jeriel Ong raised his price target to $400 per share.

"We do have some worry that the stock price has overreacted to the positive data points over the past two months, and the rough mental framework we've articulated certainly gives us some pause," Ong writes. However, "despite our worries, we do reiterate our confidence that AAPL can work from present levels."

Microsoft (MSFT, 2.2%) and Amazon.com (AMZN, 2.7%) were among other notable winners Wednesday.

The Nasdaq shot 1.4% higher to 10,492, closing yet again at all-time highs. The Dow gained 0.7% to 26,067, the S&P 500 closed 0.8% higher to 3,169, and the small-cap Russell 2000 finished with a 0.8% improvement to 1,427.

An Ugly Second Quarter for Dividends New data out Wednesday delivered some discouraging news on the income investing front, however.

Howard Silverblatt, senior index analyst for S&P Dow Jones Indices, reports that, during the second quarter, the U.S. equity market saw a net decline of $42.5 billion in dividend payments, the worst


MarketWatch MarketPulseJul 08, 2020
Nvidia surpasses Intel as largest U.S. chip maker by market cap
Nvidia Corp. surpassed Intel Corp. as the largest U.S. chip maker by market cap for the first time on Wednesday. Nvidia shares closed up 3.5% at $408.64, giving it a market cap of $251.31 billion, while Intel shares finished up 0.5% at $58.61, giving it a market cap of $248.16 billion, according to FactSet data. For the year, Nvidia shares have gained 74% while Intel shares have slipped 2%, compared with a 11% gain in the PHLX Semiconductor Index , a 17% gain in the tech-heavy Nasdaq Composite Index , and a 1.9% decline in the S&P 500 index . While it is not the first time a U.S. chip maker has surpassed Intel in market cap, it is the first time for Nvidia. Back in 1999 and 2000, Texas Instruments Inc. surpassed Intel in cap a few times, and between late 2012 and mid-2014 Qualcomm Inc. and Intel often jockeyed for the No. 1 position, according to Dow Jones data.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



RELATED ARTICLES
Market Snapshot: Dow closes up 177 points, Nasdaq at fresh high as investors focus on economic recovery prospects (MarketWatch)

MarketWatch MarketPulseJul 08, 2020
Facebook takes down pages, accounts linked to Roger Stone, three other groups
Facebook Inc. shares rose 1% Wednesday after it announced the digital takedown of pages and accounts linked to President Trump's longtime adviser Roger Stone and Proud Boys, a far-right group Facebook has banned under its hate policies. The social-networking giant also said it removed accounts tied to employees of the family of Brazilian President Jair Bolsonaro and two other networks connected to domestic political operations in Ecuador and Ukraine. The material linked to Stone, who is scheduled to report to jail next week for witness tampering and lying to Congress, included 54 Facebook accounts and 50 pages. The pages included hacked materials released by Wikileaks ahead of the 2016 presidential election. Facebook removed the content of the four groups as it faces withering pressure from civil rights advocates and hundreds of advertisers for hateful and divisive messages on its platform.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Dismal.com: AnalysisJul 08, 2020
NASDAQ, Housing Shares Lead U.S. Stocks Higher
The tech stock index led all markets with a gain of 1.44%.

MarketWatch Breaking NewsJul 08, 2020
U.S. stocks finish higher as tech leads gains; Nasdaq adds 1.4%
U.S. stocks finish higher as tech leads gains; Nasdaq adds 1.4%

FT.com - Financial MarketsJul 08, 2020
Rise in margin lending stokes fears of China bubble
Sharp rally in stock market draws comparisons with 2015 downfall

MarketWatchJul 08, 2020
NewsWatch: Diversify? Almost half of Warren Buffett's Berkshire Hathaway portfolio is now composed of a single stock
Warren Buffett once said that "diversification is protection against ignorance. It makes little sense if you know what you are doing." The takeaway: Load up on what you know. Even if it's a tech stock, apparently.

MarketWatch MarketPulseJul 08, 2020
U.S. coronavirus case tally tops 3 million
The U.S. coronavirus case tally topped 3 million on Wednesday, a day after the U.S. counted a record number of new cases of the deadly illness COVID-19 in a single day, in the latest sign that the virus is far from contained. The death toll rose to 131,857, the largest in the world, according to data aggregated by Johns Hopkins University. There are now 11.9 million confirmed cases of the illness worldwide, and at least 545,728 people have died. The U.S. counted 60,000 new cases of COVID-19 on Tuesday.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatch MarketPulseJul 08, 2020
Costco June sales rise 11% to $16 billion
Costco Wholesale Corp. said Wednesday its June sales rose 11% to $16.2 billion, from $14.6 billion in June 2019. Same-store sales rose 12%, including an 11% increase in U.S. same-store sales. E-commerce sales increased 86%, the company said. Costco sales in May rose 7.5% and online sales jumped 106% that month. Costco has reported strong e-commerce sales this year but at its last quarterly report in April the company said the online sales hadn't made up for the drop in foot traffic at the stores and other businesses such as optical, food court, and travel due to the stay-at-home orders, social-distancing restrictions and closures related to the coronavirus pandemic. Costco is slated to report fiscal fourth-quarter results sometime in September, with quarterly sales seen around $50 billion, according to FactSet. Shares of Costco rose nearly 1% in the extended session after ending the regular trading day up less than 0.1%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



RELATED ARTICLES
Tesla China Sales Of Model 3 Vehicles Up 35% In June (Yahoo Business)
TRENDING TAGS
coronaviruscases Million latest live surge
Covid-19Vaccine Million cases rally Here
Stockrally market & Today Biggest
StocksBiggest making moves & Tech
CasesCoronavirus surge Million Again record
marketstock Stocks investors Snapshot Dow
BusinessInsider about loans nearly Coronavirus
UnitedAirlines Employees Furlough nearly coronavirus
WorkersUnited Bring Furlough Could COVID-19
closeStores Bed Bath & Beyond

NEWS SOURCES
Top News (Business News)
Accounting Today
AdWeek News
Banking Business Review
Barron's This Week Magazine
Barron's Up and Down Wall Street Daily
Brad Ideas
Chicago Tribune Business News
CNBC Business
CNBC Economy
CNBC Finance
CNN/Money
CNN/Money Real Estate News
Dismal.com: Analysis
Dismal.com: Indicators
Enterprise Application News
Entrepreneur.com
Forbes Headlines
Forbes Social Media News
FT.com - China, Economy & Trade
FT.com - Financial Markets
FT.com - Hedge Funds
FT.com - Telecoms
FT.com - US
Google Business News
Google Market News
HBS Working Knowledge
Inc.com
INSEAD Knowledge
International Tax Review
Kiplinger
Knowledge@Wharton
L.S. Starrett News
MarketWatch
MarketWatch Breaking News
MarketWatch MarketPulse
McKinsey Quarterly
MSNBC.com: Business
Nielsen Trends
NonProfit Times
NPR Topics: Business
NYTimes Business
OpinionJournal.com
Private Equity Breaking News
Reuters Business
Reuters Company News
Reuters Money
SEC.gov Updates: News Digest
SHRM HR News
Tax Policy News
The Economist International News
The Motley Fool
USA Today Money
Wall Street Journal US Business
Wall Street Transcript
Washington Post Business
WSJ Asia
WSJ Europe
WSJ MoneyBeat
WSJ Opinion
WSJ US News
WSJ World Markets
Yahoo Business
  • CEOExpress
  • 1 Boston Place | Suite 2600
    Boston MA 02108
  • 617 482 1200
    617 299 8649 (fax)
  • Contact
  • As an Amazon Associate
    CEOExpress earns from
    qualifying purchases.

©1999-2020 CEOExpress Company LLC