Diaz, a driver for Uber and Lyft, has been unemployed for more than two months. The 51-year-old hasn't picked up riders for fear of contracting Covid-19 and, in turn, infecting his family. But Diaz, a Los Angeles resident, is…
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Best Buy (BBY) – The electronics retailer earned 67 cents per share for the first quarter, well above the 44 cents a share consensus estimate. Revenue also came in above forecasts. Comparable-store sales fell by 5.3%, but…
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The meeting, which ended April 29, concluded with the Federal Open Market Committee holding steady on interest rates and pondering future measures ahead. The minutes indicated that more action is likely ahead,…
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The Dow Jones Industrial Average closed 369.04 points higher, or 1.5%, at 24,575.90. The S&P 500 advanced 1.7% to 2,971.61, its highest closing level since March 6. The Nasdaq Composite outperformed, rallying…
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Analog Devices — Shares of the semiconductor stock rose more than 8% following its earnings that beat Wall Street's expectations. Analog Devices reported earnings per share of $1.08, topping the $1.03 per…
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Home Depot (HD) – The home improvement retailer earned $2.08 per share for the first quarter, below the consensus estimate of $2.27 a share. Revenue and comparable-store sales beat Street forecasts, but the bottom line was…
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The memo, issued ahead of his bank's annual shareholder meeting, served as an update to the New York-based lender's response to the pandemic. Dimon also detailed the steps his firm has taken to support customers and employees since the…
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Kohl's — Kohl's shares dropped 7.7% after the department store chain posted a bigger-than-expected loss for the previous quarter. The company reported a loss of $3.20 per share while analysts polled by Refinitv…
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The Dow Jones Industrial Average dropped 390.51 points, or 1.6%, to close at 24,206.86. The S&P 500 slid 1.1% to 2,922.91 while the Nasdaq Composite lost 0.5% and closed at 9,185.10. The major averages were under…
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The retailer's comparable retail net sales dropped 28% from the same period last year, a decrease driven by store closures from the coronavirus, according to a company statement. Urban Outfitters also reported that its…
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