Strauss Zelnick, CEO, Take-TwoScott Mlyn | CNBCCheck out the companies making headlines after the bell.Expedia — The travel booking platform's stock whipsawed and climbed 4% in extended trading after the company gave its first-quarter financial results. Expedia reported a loss of $1.83 per share on revenue of $2.21 billion, while analysts expected a loss of…
Federal Reserve officials called into action to rescue the economy from the clutches of the coronavirus worried about longer-lasting impacts from the pandemic including a second round of infections and the burden that low-income households would face, minutes released Wednesday from the central bank's April meeting showed.The meeting, which ended April 29, concluded with the…
The U.S. Senate passed legislation on Wednesday that could ban many Chinese companies from listing shares on U.S. exchanges or raising money from American investors without adhering to Washington's regulatory and audit standards.The bill, sponsored by Louisiana Republican Sen. John Kennedy, would require companies to certify that "they are not owned or controlled by a foreign government." Alibaba,…
CNBC's Jim Cramer said Wednesday that governments forcing some retailers to close and others to stay open was "somewhat rigged" and has permanently damaged smaller businesses. "If you were Walmart, the thing you would most want to do is have the government shut down your competition, and that happened," Cramer said on "Squawk Box." Cramer's comments came…
More help will be needed both from the Federal Reserve and Congress to get the U.S. economy through its current slump, Dallas Fed President Robert Kaplan told CNBC.At least some of that aid likely will need to go to state and local governments, which have been hampered by lost revenue during the coronavirus pandemic, Kaplan said…
Take a look at some of the biggest movers in the premarket:Target (TGT) – Target earned 59 cents per share for the first quarter, beating the consensus estimate of 40 cents a share. Revenue beat forecasts as well. Comparable store sales rose 10.8%, beating projections of a 7.5% increase, with the bulk of the growth…
Charging Bull Statue is seen at the Financial District in New York City, United States on March 29, 2020.Tayfun Coskun | Anadolu Agency | Getty ImagesThis is a live blog. Please check back for updates.8:23 am: Northrop Grumman, Clorox hike dividendsTwo stocks bucked the trend of dividend cut last night and raised their quarterly payouts…
An employee wearing a protective mask sanitizes a table at a restaurant in Tucson, Arizona, U.S., on Monday, May 11, 2020.Cheney Orr | Bloomberg | Getty ImagesAs state shutdowns are lifted, the focus has turned to whether small to mid-sized businesses are strong enough to reopen and can find enough business to survive,  preventing a…
Pedestrians pass in front of an Urban Outfitters store in New York.Scott Mlyn | CNBCCheck out the companies making headlines after the bell.Urban Outfitters — The clothing retailer's stock tumbled 5% in extended trading after the company released its first-quarter financial results. Urban Outfitters reported a loss of $1.41 per share on revenue of $588…
Stocks rose sharply on Wednesday, lifted in part by solid retail earnings, as traders continue to grapple with the market's wild moves from this week.The Dow Jones Industrial Average traded 400 points higher, or 1.7%. The S&P 500 gained 1.8% while the Nasdaq Composite advanced about 2%.Here are the stories that are moving the market:Investors…
Treasury Secretary Steven Mnuchin speaks with reporters outside White House in Washington, DC, on March 13, 2020.Jim Watson | AFP | Getty ImagesThe U.S. government is moving faster than expected to stretch out the time over which it will pay down its record deficit, strategists say.As part of that plan,  the Treasury is bringing back…
Capitol Hill signs ask for more PPE masks for healthcare workers in Washington, D. C. on April 17, 2020.Ashley Stringer | CNBCThe Congressional Budget Office released its own bleak outlook Tuesday on economic growth, unemployment and the federal budget, predicting job gains later this year but an overall climate that will remain subdued through 2021.In…
A shopper prepares to pay for items at a Kohl's department store in Peru, Illinois, May 16, 2019.Daniel Acker | Bloomberg | Getty ImagesCheck out the companies making headlines in midday trading.Moderna — Shares of the biotech company fell by more than 5% on Tuesday after Moderna announced a secondary stock offering that would raise more than…
1. Dow erases losses after strong Walmart earningsDow futures were pointing to a modestly lower open Tuesday, erasing most of their earlier losses after Dow stock Walmart soared following its strong earnings report. Shares of Home Depot, also a Dow component, dropped after higher costs dragged down its Q1 earnings. The Dow Jones Industrial Average rocketed…
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 20, 2020.Lucas Jackson | ReutersMore than two-thirds of professional investors doubt that the stock market jump off the March lows is the start of a legitimate new bull market, according to the Bank of America Fund Manager Survey…
Wall Street stands empty as people stay away from the area due to the coronavirus on March 30, 2020 in New York City.Spencer Platt | Getty ImagesThis is a live blog. Please check back for updates.10:08 am: Congressional testimonies beginFederal Reserve chairman Jerome Powell and Treasury Secretary Steven Mnuchin's testimonies to the Senate Banking, Housing…