Take a look at some of the biggest stocks moving before the market opens: Exxon Mobil – Exxon Mobil said it was cutting 2020 capital expenditures by 30% and cash operating expenses by 15%, with the moves designed to put it in the strongest possible position when the energy markets improve. Slack Technologies – The
Market Insider
Kraft and Heinz products Scott Olson | Getty Images Check out the companies making headlines after the bell. Gannett — The media company’s stock climbed 1% in extended trading after the Gannett named Douglas Horne as its new CFO. Horne previously served as global controller for The We Company (WeWork), which saw a failed IPO in 2019.
Take a look at some of the biggest movers in the premarket: Slack Technologies (WORK) – The provider of the popular workplace messaging platform announced a $600 million debt offering due in 2025, convertible into cash, stock, or a combination of both depending on the holder’s preference. Zoom Video Communications (ZM) – Credit Suisse downgraded
President Donald Trump says Saudi Arabia and Russia could soon agree to a big cut in oil production, but energy analysts say a lot of levers would have to be pulled to make that happen. Such a deal might possibly even include an unprecedented deal involving the U.S. oil industry. Trump meets with U.S. oil
A Dave & Buster’s location in Irvine, California. Scott Mlyn | CNBC Check out the companies making headlines after the bell. Tesla — The automaker’s stock shot up 16% in extended trading after Tesla reported that it had delivered around 88,400 cars in the first quarter of 2020. The reported numbers included 76,200 combined deliveries of
A view of an empty restaurant is seen at Grand Central Station on March 25, 2020 in New York City. Angela Weiss | AFP | Getty Images Barry O’Donovan opened his Irish pub across from a railroad station used by Wall Street commuters just five days before Lehman failed. His business survived the Great Recession.
A restaurant in Washington Heights prepares for new restrictive measures to only offer take-out or delivery in an effort to combat coronavirus. Dan Mangan | CNBC Stocks and bonds had a relatively muted response to the March employment report, which was far worse than forecast but barely reflected the unprecedented collapse of the labor market
New York Stock Exchange building is seen at the Financial District in New York City, United States on March 29, 2020. Anadolu Agency The stock market enters a four-day week that is the lull before earnings season, but it’s the headlines on developments around the spread of the coronavirus that may result in the most
Take a look at some of the biggest movers in the premarket: Constellation Brands (STZ) – The maker of Corona and other beer and spirit brands reported quarterly earnings of $2.06 per share, beating the consensus estimate of $1.65 a share. Revenue also came in above forecasts. The company is not providing any full-year guidance
A worker at NorthCape, an outdoor furniture manufacturer, makes personal protective equipment (PPE) on March 30, 2020 in Alsip, Illinois. Scott Olson | Getty Images March’s employment report could show the most monthly job losses in a decade, but it’s only a fraction of the real hit to the workforce that came when many states
Take a look at some of the biggest movers in the premarket: CarMax (KMX) – The auto retailer reported quarterly earnings of $1.30 per share, 17 cents a share above estimates. Revenue also beat forecasts. CarMax said it has seen demand progressively deteriorate amid the spread of the coronavirus. Walgreens (WBA) – The drugstore chain
A general view of the atmosphere at the TommyXZendaya collection launch event at the Tommy Hilfiger store on March 3, 2019 in London, England. (Photo by David M. Benett/Dave Benett/Getty Images for Tommy Hilfiger) David M. Benett | Getty Images Entertainment | Getty Images Check out the companies making headlines after the bell. PVH —
Take a look at some of the biggest movers in the premarket: Verizon (VZ) – Goldman Sachs added Verizon to its “Conviction Buy” list, saying it offers investors the most attractive combination of total return and risk, thanks to the stability of its wireless business. Xerox (XRX) – Xerox dropped its $35 billion hostile bid
A Jeep Renegade rolls down an assembly line at Fiat Chrysler’s Melfi assembly plant in Italy in 2015. Michael Wayland / CNBC Check out the companies making headlines after the bell. Verint Systems — Shares of the analytics company tumbled 12% in extended trading after Verint Systems missed analysts’ estimates on both earnings and revenue in
Take a look at some of the biggest movers in the premarket: Conagra (CAG) – The food producer missed estimates by 2 cents a share, with fiscal third-quarter profit of 47 cents per share. Revenue also came in slightly short, however Conagra said it has seen significantly elevated demand for its food products over the
Interior Design area of the Restoration Hardware store in the Meatpacking District of New York. Source: RH Check out the companies making headlines after the bell. RH — The home furnishings retailer’s stock fell 11% in extended trading after the company missed analysts’ estimates on revenue during the fourth quarter. RH reported revenue of $665
Take a look at some of the biggest movers in the premarket: Johnson & Johnson (JNJ) – The company announced it has identified a lead COVID-19 vaccine candidate, and plans to begin phase 1 clinical trials by September at the latest. Its intention is to have the first batches of vaccine available for emergency use
Federal Reserve Chair Jerome Powell holds a news conference following the Federal Open Market Committee meeting in Washington, December 11, 2019. Joshua Roberts | Reuters The Mortgage Bankers Association in a dire letter to regulators Sunday warned that the U.S. housing market is “in danger of large-scale disruption,” due to efforts by the Federal Reserve
Job seekers stand in line at the employment help center in Miami, Florida. Getty Images About 1 million to 4 million people may have filed for unemployment benefits last week, the largest number ever in such a short time. The filings figure, which will be released Thursday before U.S. markets open, will be the first
The first crushing wave of 3.28 million workers seeking unemployment benefits is expected to be followed by millions more in coming weeks as the impact of virus-related shutdowns ripples across the U.S. economy. Economists had expected anywhere between 1 million and 4 million new claims to be filed for the week ending March 21, as