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Tag: Breaking News: Markets

Walmart makes run to all-time highs amid coronavirus market plunge

A person wears a face mask as a precaution against coronavirus in New York, on March 2, 2020. Tayfun Coskun | Anadolu Agency | Getty Images Walmart shares are emerging as a winner during the chaotic coronavirus crisis.  The big-box retailer, a classic defensive consumer staple stock, is benefiting from the millions of Americans stocking …

Walmart makes run to all-time highs amid coronavirus market plungeRead More

French luxury stocks drop as Trump threatens heavy new tariffs

Matthew Lloyd | Getty Images Shares of French luxury goods makers, including LVMH and Hermes, dropped in European trading on Tuesday after President Donald Trump’s administration said it may place heavy tariffs on several goods. LVMH – which includes the brands Louis Vuitton and Hennessy – and Hermes each fell more than 2% following the announcement. …

French luxury stocks drop as Trump threatens heavy new tariffsRead More

’90s look is dead for retail, leaving stock winners and losers: Jefferies

(Credit: NBC/NBCU Photo Bank via Getty Images) The ’90s fashion revival has past its peak. Over the last few years, women ditched skinny jeans for the classic Levi’s style, Champion windbreakers flew off shelves and streaming platforms battled for the rights to the hit show “Friends.” This revival of 1990s consumer tastes put certain brands …

’90s look is dead for retail, leaving stock winners and losers: JefferiesRead More

Thanksgiving day online retail sales expected to top $4 billion

A worker moves a bin filled with products inside of an Amazon fulfillment centre in Robbinsville, New Jersey. Lucas Jackson | Reuters Thanksgiving day celebrations may just be getting started but the holiday is already expected to be a bonanza for retailers. Early data released by Adobe showed online retail sales on Thursday will reach …

Thanksgiving day online retail sales expected to top $4 billionRead More

How this year’s calendar shortchanges retailers this holiday shopping season

Shoppers pack an aisle during a Black Friday sale at a Target store, Friday, Nov. 23, 2018, in Newport, Ky. John Minchillo | AP (This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, .) As customers gear up for the biggest shopping days …

How this year’s calendar shortchanges retailers this holiday shopping seasonRead More

RH shares surge after Warren Buffett’s Berkshire reveals new stake

Shares of RH surged 7.6% on Friday, a day after Warren Buffett’s Berkshire Hathaway revealed it owned 1.2 million shares of the furniture retailer at the end of the third quarter. Berkshire announced the stake in a filing with the Securities and Exchange Commission. The stock of RH, formerly known as Restoration Hardware, has rallied …

RH shares surge after Warren Buffett’s Berkshire reveals new stakeRead More

Alibaba readies $13 billion Hong Kong listing before end of November

Attendees pass by an Alibaba.com display at CES 2019 in Las Vegas. David Becker | Getty Images Alibaba is planning a secondary listing in Hong Kong which is likely to take place in the last week of November and raise approximately $13 billion, a source with direct knowledge of the matter told CNBC. The Chinese …

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Shares of Shopify drop on surprise loss, but Cramer says you’ll regret selling

Shares of Canadian e-commerce company Shopify dropped after reporting a surprise loss on earnings. The stock slipped 3.8% on Tuesday after Shopify posted an earnings loss of 25 cents in the third quarter, missing analysts’ estimates of 11 cents gain, according to FactSet. However, CNBC’s Jim Cramer said investors will regret selling Shopify as the …

Shares of Shopify drop on surprise loss, but Cramer says you’ll regret sellingRead More

Altria, Bristol-Myers Squibb, Generac, Apple and more

Check out the companies making headlines before the bell: Altria (MO) – The tobacco producer beat estimates by 4 cents with adjusted quarterly profit of $1.19 per share, 4 cents above estimates, with revenue also beating forecasts. Altria also took a $4.5 billion writedown on its investment in e-cigarette maker Juul, on the possibility of …

Altria, Bristol-Myers Squibb, Generac, Apple and moreRead More

Mastercard (MA) earnings Q3 2019

A woman walks past a Westpac bank advertisement in central Sydney, Australia. Daniel Munoz | Reuters Mastercard is scheduled to report third-quarter earnings before the bell Tuesday. Here’s what Wall Street is expecting, according to Refinitiv consensus estimates: Earnings per share: $2.01 Revenue: $4.42 billion In the year-earlier period, Mastercard reported third-quarter adjusted net income …

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