Walmart earnings surge as coronavirus pandemic boosts grocery, electronics sales
Walmart Inc. said third-quarter profit soared 56% from a year ago as customers stocked up on health and wellness products and electronics amid the COVID-19 pandemic.
Home Depot earnings beat predictions, shares drop as employee costs rise by $1B
Home Depot shares dropped sharply after the Atlanta-based retailer said expenses would rise by nearly $1 billion due to rising employee compensation costs.
Stock futures rise as SpaceX lifts off and ahead of Walmart, Home Depot reports
Investors will monitor vaccine news and retail earnings in the week ahead.
‘Walmarts of the world will be fine,’ small businesses won't: Mark Tepper
Mark Tepper on the restrictions’ impact on the markets
Dow gains 400 points as S&P 500, Russell 2000 hit records
Investors are bidding up stocks on Friday in what has been a choppy week of trading.
Palantir boosts its full-year revenue outlook
Data-analytics company cites pandemic-related government contracts
Cisco posts smaller-than-expected drop in quarterly revenue, shares rise
Cisco Systems Inc reported a smaller-than-expected drop in first-quarter revenue as more people working from home during the COVID-19 pandemic drove demand for its teleconferencing tools, networking equipment and cybersecurity products.
Disney CEO Bob Chapek slams California for ‘arbitrary’ rules keeping park closed
Disney does not have a friend in California Gov. Newsom as CEO slams COVID-19 restrictions.
Disney+ hits 73M subscribers as coronavirus pandemic hits profits
Disney was already making heavy investments in Disney+ and sister service ESPN+ prior to pandemic, which has triggered a surge in digital viewership.
Disney 4Q revenue beats expectations, earnings fall short
Disney releases fourth quarter results
Too many investors focusing on S&P 500, not diversifying: Expert
Panel on today’s markets
Apple supplier Foxconn Q3 profit near flat, beats estimates
Foxconn booked July-September net profit of T$30.8 billion ($1.08 billion)
Vista Outdoors reports ammunition backlog of over $1B
Big-name shooting sports company Vista Outdoor Inc. reported “over a year’s worth” of backlogged ammunition orders worth more than $1 billion.
Coronavirus leaves retailers struggling to pay rent
U.S. retailers are struggling to pay rent in the wake of the COVID-19 pandemic, according to the country’s largest mall operator.
Beyond Meat CEO says McDonald's 'McPlant' a collaboration, thinks chain should acknowledge it on menu
The CEO of Beyond Meat seems to be beyond confused as to why McDonald’s is staying mum about the creation of plant-based meat alternative.
Homebuilder DR Horton posts 81% sales spike as coronavirus prompts flight to suburbs
D.R. Horton Inc. reported strong fourth-quarter results and guided above Wall Street expectations as low interest rates and a flight to the suburbs amid the COVID-19 pandemic fueled a building boom.
Nikola talks GM partnership status
Investors remain in limbo as Nikola and GM keep talking.
McDonald's boosted by drive-thru and digital orders amid coronavirus rebound
McDonald’s Corp. rode a surge in drive-thru traffic and digital orders amid the COVID-19 pandemic to stronger-than-expected third-quarter results.
Stock futures rise after Biden-Harris win, McDonald’s and Disney in focus
Investors will react to Biden’s 2020 win and the moves he begins to make with his transition team.
Buffett's Berkshire hurt by pandemic even as Apple boosts profit
Berkshire Hathaway Inc on Saturday posted a lower operating profit as the coronavirus pandemic was expected to weigh on some of its businesses, though gains in stocks such as Apple Inc fueled a big quarterly net profit.