2:52 a.m. Nov. 29, 2020
- By Andrew Keshner
5 ways Joe Biden can advance his tax agenda (without a Senate majority) With two Senate seats up for grabs, what does this mean for families thinking about their tax bill in a Biden era? With two Senate seats up for grabs, what does this mean for families thinking about their tax bill in a Biden era?
3:26 a.m. July 31, 2020
- By Rex Nutting
The government kept the economy afloat in the second quarter, so why are Republicans in a rush to pull the support away right before the election? A fiscal cliff looms as the coronavirus pandemic worsens and Election Day approachesGovernment relief checks are the only thing that’s kept tens millions of families from starving or from losing their homes. Why wouldn’t Republicans want to continue that support through the election?
5:29 a.m. July 10, 2020
- By Andrea Riquier
Forget earnings season. What’s the rest of 2020 going to look like? ‘In 2020, anything is possible’, one analyst saidThere will be very little useful guidance from U.S. corporations in the earnings reporting season starting mid-July on what the rest of 2020 will look like for the stock market and analysts are very divided on the outlook
2:00 p.m. June 22, 2020
- By Claudia Assis
Shoe Carnival stock up 7% after company reports online sales jumpShares of Shoe Carnival Inc. jumped 7% on Monday after the retailer said its online sales have risen more than 400% so far in the company's fiscal second quarter. Shoe Carnival also warned that margins likely will suffer due to shipping and other costs. As of Monday, the company has re-opened all but one of its 390 stores across the U.S., it said. Same-store sales are up 28.1% compared with the prior year, including a rise around 470% for e-commerce, the company said. "While the company is encouraged by the strong sales performance quarter-to-date, it does anticipate gross margin headwinds for the fiscal second quarter 2020" thanks to the increased shipping charges associated with the higher e-commerce sales, it said. As did other non-essential businesses, Shoe Carnival closed its brick-and-mortar stores in March on health orders designed to curb the spread of the coronavirus. It had been reopening its stores since late April. "As we have slowly re-emerged with heightened safety procedures, we have welcomed back our customers to stores, and as a result, fiscal second quarter-to-date sales have exceeded our expectations. While there are still many unknowns, we are encouraged by these more than positive sales trends," Chief Executive Cliff Sifford said in the statement. Shoe Carnival is expected to report fiscal second-quarter results in August. The stock ended the regular trading day up 3.6%.
12:31 p.m. April 22, 2020
- By Joy Wiltermuth
U.S. stocks end higher, snap two-day losing streak on crude market stability and stimulus hopes Crude oil prices settle 19% higher U.S. stocks advanced for the first time in three days Wednesday, with the Dow closing up 450 points, amid signs of oil market stability and expectations for Congress to roll out another stimulus package.
4:53 a.m. April 22, 2020
- By Jeffry Bartash
Why the U.S. economy’s recovery from the coronavirus is likely to be long and painful President Trump’s ‘rocketship’ recovery looks less and less likelySome states are already trying to reopen for business and President Trump has repeatedly predicted growth will take off like a “rocket ship” once the coronavirus pandemic ends, but economists increasingly believe a recovery will be a long and uneven one.