Stocks making the biggest moves midday: Tesla, Dollar Tree, Carnival, Best Buy and more

Check out the companies making headlines in midday trading. American Airlines, United Airlines, Carnival — Airlines and cruise stocks surged on Tuesday as stocks tied to an economic recovery continued to rise after a series of positive vaccine announcements. Shares of American and United both jumped more than 6%, while Carnival led the way for […]

Treasury yields rise as Biden transition process begins

General Services Administration chief Emily Murphy told Biden on Monday that the Trump administration would make federal resources available for his transition into office. Biden also announced on Monday that he had chosen former Federal Reserve Chair Janet Yellen to be Treasury Secretary. U.S. Treasury yields advanced on Tuesday after President Donald Trump accepted that […]

Cheese Prices Plunge as Lockdowns Bite Into Dining Business

Cheese prices are plunging as Covid’s second wave drives diners from restaurants. The pandemic is forcing U.S. officials to yet again tighten their grip on eating out, and that’s cutting into prices for cheese and other dairy products across the U.S. California imposed a curfew across much of the state, closing restaurants to all but […]

Dow futures rise 150 points as Trump administration begins transition process

Stock futures rose in overnight trading on Monday following a strong session on Wall Street boosted by positive vaccine news. Futures on the Dow Jones Industrial Average gained 160 points. S&P 500 futures rose 0.4% and Nasdaq 100 futures climbed 0.3%. The move higher in futures came after General Services Administration chief Emily Murphy told […]

US economy to shrink as surging coronavirus infections foreshadow 'grim winter'

‘Critical’ to pass stimulus before holidays: Problem Solvers Caucus co-chair Rep. Tom Reed, R-N.Y., and Rep. Josh Gottheimer, D-N.J., who are Problem Solvers Caucus co-chairs, discuss bipartisan efforts to pass coronavirus stimulus for Americans. JPMorgan Chase & Co. expects the U.S. economy will shrink in the first quarter as states rollback coronavirus reopenings due to […]

Dollar Rises From Lowest Since 2018 as U.S. Data Eclipse Vaccine

In this article The dollar advanced after dropping Monday to a two-and-a-half year low as economic data signaled the U.S. was recovering at a faster pace than Europe, overshadowing optimism about vaccine roll-outs. The Bloomberg Dollar Spot Index rose 0.2% and strengthened against most Group-of-10 currency peers as a report showed U.S. business activity expanded […]

Tesla stock to hit $1,000 in bull case as global demand soars

Analyst sets Tesla stock price target at $578 New Street Research managing partner Pierre Ferragu provides insight into Tesla’s profitability, stock and future. Tesla Inc. shares could double from current levels as global electric vehicle demand ramps up over the next five years, according to one Wall Street analyst. Continue Reading Below Global demand for […]

Warren Buffett discussed the Fed's pandemic response, small businesses, and his ukelele collection at a recent Goldman Sachs event. Here are the 10 best quotes

Warren Buffett discussed the federal response to the pandemic, the challenges facing small businesses, his unwavering faith in America, and his ukelele collection at a private event last week. The famed investor and Berkshire Hathaway CEO spoke at a virtual Goldman Sachs 10,000 Small Businesses event to celebrate the graduation of 10,000 entrepreneurs from the […]

Dollar Falls to 2018 Lows as Vaccine Progress Fuels Risk Demand

The dollar dropped to a two-and-a-half year low as fast-tracked plans to roll out a coronavirus vaccine in the U.S. bolstered appetite for risk assets. The Bloomberg Dollar Spot Index fell as much as 0.2% to an April 2018 low after U.S. officials said vaccinations may start in less than three weeks. New Zealand’s dollar, […]