Stitch Fix shares dropped by more than 14% in after-hours trading Tuesday as the company reported steep losses for the fiscal fourth quarter. Here’s how the company did during its fiscal fourth quarter ended Aug. 1 compared with Refinitiv estimates: Loss per share: 44 cents vs. 16 cents per share, expected Revenue: $443.4 million vs. $414.9
Shoppers, some wearing PPE (personal protective equipment), of a face mask or covering as a precautionary measure against COVID-19, queue to enter a recently re-opened Nike store at Gunwharf Keys shopping centre in Portsmouth, southern England on June 16, 2020. Adrian Dennis | AFP | Getty Images Nike‘s quarterly earnings and revenue trounced analysts’ estimates,
Democratic presidential candidate Joe Biden speaks during a press conference after meeting with public health experts about a Covid-19 vaccine in Wilmington, Delaware. Jim Watson | AFP | Getty Images A change to the tax incentives for saving in a retirement plan might be in store if Democratic candidate Joe Biden wins the election. In
Ernie Garcia, CEO, Carvana Scott Mlyn | CNBC Shares of Carvana jumped after the online used car marketplace said it expects to set records in several categories during its third quarter, including total revenue and retail units sold. Shares were up 24% in premarket trading. The company previously declined to give forward guidance for the
Long-time tech analyst Gene Munster believes big tech is on the cusp of a major shift: It’s becoming a stock pickers’ market. The Loup Ventures founder and managing partner expects FAANG stocks, otherwise known as Facebook, Apple, Amazon, Netflix and Google, will fail to collectively rally like they did during most of 2020’s record run.
People wait to visit a house for sale in Floral Park, Nassau County, New York. Wang Ying | Xinhua News Agency | Getty Images After a brief lull to start the month, mortgage demand surged ahead yet again — even with the highest interest rates in several weeks. Total mortgage application volume increased 6.8% last
Johnson & Johnson has begun its phase three trial testing its potential coronavirus vaccine, the pharmaceutical company announced Wednesday. J&J is the fourth drugmaker backed by the Trump administration’s Covid-19 vaccine program Operation Warp Speed to enter late-stage testing. The other companies are Moderna, Pfizer and AstraZeneca. The trial will enroll up to 60,000 adult volunteers across
Dr. Matilde “Mattie” Castiel receives an injection from RN Bethany Trainor at the University of Massachusetts Medical School in Worcester, MA on September 04, 2020. Craig F. Walker | Boston Globe | Getty Images Most voters, both nationally and in six key swing states, worry President Donald Trump is pushing to release a coronavirus vaccine
People gather outside of an apartment complex with the intention to stop the alleged eviction of one of the tenants in Mount Rainier, Maryland, U.S., August 10, 2020. Leah Millis | Reuters The stimulus stalemate has left lawmakers at odds over how to get more relief to millions of Americans who need it. Earlier this
Billionaire media mogul Barry Diller on Tuesday urged investors to maintain sizable cash positions following the stock market’s robust rally from coronavirus-induced lows in late March. “Personally, and professionally, every nickel you can, keep it … wherever it’s banked,” the chairman of both Expedia and digital media group IAC said on CNBC’s “Squawk Box.” Diller noted that IAC in August
A couple wearing protective facemasks as a prevention measure against the COVID-19 coronavirus walk at a nearly empty shopping mall in Beijing on February 27, 2020. Nicolas Asfouri | AFP | Getty Images BEIJING — Chinese fervor for online shopping waned in August, a sign that the world’s second-largest economy still faces many challenges as it
Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a House Financial Services Committee hearing in Washington, D.C., on Tuesday, Feb. 11, 2020. Andrew Harrer | Bloomberg | Getty Images Federal Reserve Chairman Jerome Powell pledged continued support for an economy that he said has shown substantial improvement but still needs more work. In
Speaker of the House Nancy Pelosi (D-CA) speaks during her weekly news conference at the U.S. Capitol on August 6, 2020 in Washington, DC. Stefani Reynolds | Getty Images The House passed a bill Tuesday that would fund the government into December and avoid a shutdown before a Sept. 30 deadline. After clearing the House
Pascale Ferrier appears in a jail booking photograph taken after her arrest by the Mission Police Department in Mission, Texas, March 13, 2019. Hidalgo County Sheriff’s Office | via Reuters A Canadian woman criminally charged with mailing President Donald Trump the deadly poison ricin called him “The Ugly Tyrant Clown” in a letter containing the poison,
“We generally say markets will go up and down many times during a person’s career, so they should take a long-term approach and not react to short-term market changes,” said Jeanne Thompson, senior vice president of Fidelity Workplace Consulting. Twenty/20 In our fearful minds, the bad things that are happening at the moment can feel
An AWS Ground Station satellite antenna at one of the company’s data center in Boardman, Oregon. Amazon Microsoft will offer a new service called Azure Orbital that connects satellites directly to its cloud computing network, the company announced at its Ignite conference Tuesday. The service will begin in a “private preview” to a select group of
seksan Mongkhonkhamsao Americans have lost $145 million to fraud related to Covid-19, according to Federal Trade Commission data. Consumers have filed more than 205,000 reports of fraud linked to the coronavirus since the beginning of the year, according to the federal agency. The average loss was $300, according to the FTC. But financial loss among
A home for sale is seen in Santa Monica, California. Lucy Nicholson | Reuters After a record-setting July, the housing market still shows no sign of cooling off. Sales of existing homes rose 2.4% to a seasonally adjusted annualized rate of 6 million units, according to the National Association of Realtors. Sales were 10.5% higher
Evan Spiegel, CEO of SNAP Inc. Stephen Desaulniers | CNBC Over the past year, Facebook has shouldered the prospect of antitrust action as a former co-founder, presidential candidates and congress members have all called for the company to be broken up. The start to that process could come as soon as this year. The Wall Street
Joe Biden and Donald Trump Ron Adar | Echoes Wire | Barcroft Media via Getty Images; Mandel Ngan | AFP | Getty Images President Donald Trump and Democratic challenger Joe Biden will be questioned on topics including the coronavirus pandemic and the Supreme Court when they face off next week in the first of three
It’s been said that men come from Mars and women, Venus. It looks like they’re also headed in different directions when it comes to vacations here on Earth, according to insurer Berkshire Hathaway Travel Protection. Women, in general, tend to play it safer when it comes to travel planning in the age of Covid-19, according
A man walks near the New York Stock Exchange (NYSE) on August 31, 2020 at Wall Street in New York City. Angela Weiss | AFP | Getty Images Stock futures held steady in overnight trading on Monday following a steep sell-off on Wall Street. Futures on the Dow Jones Industrial Average fell about 10 points.
After a brief stall in home sales at the start of the coronavirus pandemic, homebuyers came rushing back in — so fast that prices never even took a hit. In fact, the gains in prices accelerated quickly, causing home equity to soar even more. Home equity for homeowners with a mortgage rose 6.6% annually in
ICEYE employees inspecting a company SAR satellite in a clean room. ICEYE Finnish start-up ICEYE will further expand its business thanks to the company’s largest infusion of capital yet, with plans to have a network of satellites that can image anywhere in the world as much as four times a day. ICEYE closed an $87
President Donald Trump Tom Brenner | Reuters President Donald Trump and his business could be facing a criminal tax probe by the Manhattan District Attorney’s office, prosecutors suggested Monday in a court filing. Prosecutors from Manhattan DA Cyrus Vance Jr.’s office raised that possibility as they said that a grand jury subpoena seeking eight years
Image Source | Getty Images If you still haven’t received your full stimulus check, there may still be time to get your information to the IRS and get your payment this year. The government has sent out millions of checks in amounts of up to $1,200 per individual or $2,400 per married couple, plus $500
A Deutsche Bank AG flag flies outside the company’s office on Wall Street in New York. Mark Kauzlarich | Bloomberg | Getty Images Financial stocks came under pressure on Monday amid a report that a number of global banks moved allegedly illicit funds over the past two decades despite warnings from U.S. officials. Shares of
While the stock market continues to struggle, the dollar is kicking off the week around six-week highs. However, Brown Brothers Harriman’s Win Thin warns the greenback won’t stay there because the backdrop supports another leg lower. He expects the U.S. Dollar Index to test Feb. 2018 lows — which would be around the “88 and change”
Retirement village in Florida. Ron Levine | Image Bank | Getty Images Where to live in one’s golden years is one of the most significant decisions a new retiree has to make, and the traditional notion of retirement is changing. The old formula of cookie-cutter retirement communities is being challenged by the rise of customizable
Hali Fisher, 24, waits in line to vote at Riverside High School, 1615 E. Locust St. in Milwaukee on Tuesday, April 7, 2020. The Wisconsin primary is moving forward in the wake of the coronavirus epidemic after Gov. Tony Evers sought to shut down Tuesday’s election in a historic move Monday that was swiftly rejected
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