Check out the companies making headlines in midday trading: Walmart — The big-box retailer saw shares jump nearly 5% to hit a record after the retail giant topped fiscal third-quarter earnings and revenue expectations. The retailer also hiked its outlook again as it saw growth in e-commerce and improvements...
A trader wears a Trump hat as he works on the floor of the New York Stock Exchange during the opening bell on Nov. 6, 2024.Timothy A. Clary | Afp | Getty ImagesOn Nov. 5, the presidential election handed a decisive victory for President-elect Donald Trump. In the days...
Donald Trump’s win last week was a shot in the arm for Wall Street. One of the surging sectors was cryptocurrency, as Bitcoin (BTC) broke out and sustained the torrid run this week, hurdling past $90,000 mark on Wednesday. On Nov. 6 when the election was called, MARA Holdings Inc...
Check out the companies making headlines in premarket trading. Walmart – The retail giant gained about 4% after posting fiscal third-quarter results that surpassed Wall Street's estimates. Walmart also boosted its guidance as customers buy more than groceries. Lowe's — The home improvement retailer's shares fell 1.7%. Although the...
LOS ANGELES, CALIFORNIA - AUGUST 20: The exterior sign of a Lowe's home improvement store is seen on August 20, 2024 in Los Angeles, California. The company beat fiscal second-quarter earnings expectations, but missed on sales and cut its full-year outlook blaming inflation. (Photo by Eric Thayer/Getty Images)Eric...
A general view of the gate of the Thyssenkrupp industrial area in Duisburg, Germany, on August 29, 2024. (Photo by Ying Tang/NurPhoto via Getty Images).Nurphoto | Nurphoto | Getty ImagesGermany's Thyssenkrupp on Tuesday reported a 1-billion-euro ($1.06 billion) impairment on its struggling steel division as the industrial powerhouse flagged...
Gregg Greenberg spent 14 years as a journalist at TheStreet.com where he wrote the highly popular column "The 5 Dumbest Things on Wall Street This Week". His work has appeared in magazines ranging from Glamour to ESPN the Magazine, and on humor sites such as Points in Case.
Consumers looking for retirement and tax planning advice may have a hard time finding an advisory firm that offers both. And advisors might want to step up to the plate to provide that combination. That’s one of the notable findings of a study released last week by Herbers & Co.,...
Birkenstock models stand in a retail store of the shoe manufacturer. The company plans to go public in New York. Sebastian Christoph Gollnow | Picture Alliance | Getty ImagesBirkenstock, the longtime German shoe brand known for its comfy and durable styles, is expected to price its IPO at $46 per...
A federal judge last week denied a broker’s effort to stop Finra from disciplining him. Eugene H. Kim filed a lawsuit in a Washington, D.C., federal court against the Financial Industry Regulatory Authority in August challenging its enforcement authority. In July, the broker-dealer self-regulator alleged that Kim misused customer funds...
PGIM, Prudential Financial’s investment management unit, said Tuesday that it’s lowering the fees on its target-date funds and collective investment trusts. The target-date series, the Prudential Day One Funds, has been renamed the PGIM Target Date Funds, and the funds’ net expense ratio will be cut to 0.25% from 0.40%. The...
The United Auto Workers want something that most Americans don’t have: traditional pension plans. It’s one of the union’s core demands that could help end the strikes at Ford, General Motors and Stellantis. But at a time when companies are trying to shed their financial liabilities for workers’ retirement security,...
The October 2023 edition of the latest in financial #AdvisorTech kicks off with the news that custodial platform Altruist is eliminating the $1-per-account monthly fee for its portfolio management and reporting technology for advisors on its platform. On one hand, that suggests that the economies of scale Altruist has...
