Target blows past expectations as digital sales, same-day services boom
Target Corp. reported booming digital sales and same-day services growth helped fuel a 42% year-over-year spike in third-quarter profit.
Record stock rally faces risks from civil unrest, tech bubble
Big money managers are growing concerned that civil unrest could upend the stock market rally, but remain more worried about the impact of the COVID-19 pandemic, according to a Bank of America survey conducted in November.
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.
Costco's delivers big special dividend
The $4.4 billion payout, which will be made to shareholders of record as of Dec. 2, is the fourth special dividend issued by the board in the past eight years.
US SEC chief Jay Clayton to step down at the end of 2020
Under Clayton, the SEC has pursued changes to regulations that critics saw as burdensome or hindering corporate growth, often in the face of opposition from Democrats and investor advocates.
Southwest Airlines warns coronavirus rebound is fading
Southwest Airlines Co. says a pickup in bookings over the past three months is slowing as a second wave of COVID-19 infections sweeps across the country.
Coronavirus vaccine will topple Big Tech's stock market domination: Goldman Sachs
A coronavirus vaccine would restore economic growth and break up the stock market's yearlong love affair with Big Tech, according to strategists at Goldman Sachs Group.
Bill Ackman just made another massive bet on a new COVID-19 surge
The bet is nearly identical to — albeit only 30 percent as big as — his now-famous hedge in late March, in which he bought $27 million of credit-default swaps that netted him a staggering profit of $2.6 billion.
Coronavirus vaccine trumps divided government in turbocharging markets: Goldman Sachs
Pfizer and German partner BioNTech announced on Monday that their COVID-19 vaccine candidate, which was developed in record time, was found to have a 90% positive efficacy rate and could start being distributed before the end of the year.
Pfizer CEO unloads $5.6M of stock as coronavirus vaccine hopes send shares soaring
Albert Bourla sold 132,508 Pfizer shares at a price of $41.94 apiece through a scheduled Rule 10b5-1 trading plan adopted on Aug. 19, one day after the company announced positive results from a Phase 1 study.
Carnival plans $1.5B stock offering after coronavirus vaccine hopes cause shares to soar
Carnival Corp. shares were sharply lower Tuesday after the company announced plans to sell $1.5 billion of common stock.
Texas Gov. Abbott welcomes major stock exchanges to Austin
Texas Gov. Greg Abbott will on Nov. 20 host representatives from major U.S. stock exchanges considering whether to relocate their data centers from New Jersey to the Lone Star state amid the threat of higher taxes.
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.
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.
Investors worry Trump election fight will prove stock market quicksand
The benchmark S&P 500 rallied 7.33% this week to near-record highs despite days of uncertainty about who won the White House, but volatility may return in a flash.
Saving for a home down payment will take this long
Record low mortgage rates have juiced demand in the housing market, but rising home prices are putting would-be home buyers in a more difficult position to make a purchase.
Marriott sees China hotels rebounding faster than North American peers
Marriott International Inc. is seeing signs business is recovering from the sharp slowdown caused by stay-at-home orders aimed at slowing the spread of COVID-19.
Why Wall Street likes a divided government
Wall Street is cheering the prospects of a divided government that would put proposed tax hikes on hold as the fabled Democratic blue wave that was supposed to sweep across the country looks unlikely to materialize.
General Motors zooms past coronavirus slowdown
General Motors Co. returned to profitability in the three months through September as business rebounded from a COVID-19-induced slowdown.
Papa John's plans share buybacks as coronavirus fuels sales surge
The strong third quarter followed record sales in the prior three months that were garnered as customers chowed down on pizza while sheltering at home amid the pandemic.



















