1:04 a.m. Sept. 24, 2020
- By Ben Stewart
What’s it like to own an Audi e-tron? The roomy electric crossover is the perfect size for this family, and makes a great road-trip car—here’s the pros and consUntil we got one, our family couldn’t find an EV that fit our needs. Here’s what life is like with this electric crossover.
6:22 a.m. Sept. 11, 2020
- By Jeffry Bartash
U.S. consumer prices surge for third month as cost of used cars soar, but inflation still low and expected to stay that way Consumer price index rises 0.4% in August; used car prices rev upThe cost of goods and services rose sharply in August for the third month in a row, but the increase mostly stems from a rebound in prices after a steep decline early in the coronavirus pandemic. Overall inflation is still quite low.
6:26 a.m. Aug. 29, 2020
- By Philip van Doorn
These ‘Dividend Aristocrat’ stocks have been raising their dividends for decades, and there have been no dividend cuts during the pandemic Dozens of other S&P 500 companies, in contrast, have reduced their payoutsDozens of other S&P 500 companies, in contrast, have reduced their payouts.
12:48 p.m. Aug. 18, 2020
- By Claudia Assis
La-Z-Boy reports surprise fiscal Q1 profit on 'strong' demandShares of La-Z-Boy Inc. fell about 1% in the extended session Tuesday after the furniture maker reported a surprise fiscal first-quarter profit and said it has seen "strong demand" for its recliners and other pieces. The company said it earned $4.8 million, or 10 cents a share, in the quarter, compared with 38 cents a share a year ago. Adjusted for one-time items, La-Z-Boy earned 18 cents a share, compared with 42 cents a share a year ago. Sales fell 31% to $285.5 million due to the impact of COVID-19, the company said. Analysts polled by FactSet had expected an adjusted loss of 13 cents a share on sales of $290 million. "Our first quarter began in May with most of our customers still closed due to COVID-19. However, as retailers re-opened, written orders rapidly accelerated in June and July, with consumers spending a higher percentage of discretionary dollars on home furnishings," Chief Executive Kurt L. Darrow said in a statement. La-Z-Boy has re-opened all its operations across its retail, distribution and manufacturing businesses, and plants have increased production to meet demand. The company is "cautiously optimistic" about the fall, it said. Shares ended the regular trading session down nearly 2%.
6:53 a.m. June 17, 2020
- By Quentin Fottrell
‘It’s alarming to look at how many Americans used these funds to keep a roof over their head’ U.S. retail sales jumped by 17.7% in May. Economists polled by MarketWatch had forecast an 8.5% increaseU.S. retail sales jumped by 17.7% in May. Economists polled by MarketWatch had forecast an 8.5% increase.
8:07 a.m. June 4, 2020
- By Howard Gold
New York City has come back from every crippling blow — but coronavirus could land a knockout punch America’s premier global city is reeling from COVID-19 and a deep recessionAmerica’s premier global city is reeling from COVID-19 and a deep recession.
5:22 a.m. May 21, 2020
- By Tonya Garcia
Lowe’s benefited from delayed DIY projects done during coronavirus lockdowns, while Home Depot saw professional jobs put on hold Lowe’s beat profit expectations while Home Depot fell shortLowe’s reported earnings and sales that beat expectations. Home Depot sales beat expectations, but profit fell short.
9:35 a.m. May 19, 2020
- By Andrew Keshner
This is how fast Americans are spending their stimulus checks — and here’s a breakdown of what they’re buying Economists looked at the spending and saving habits of more than 1,600 people who received their stimulus check by April 21 Economists looked at the spending and saving habits of more than 1,600 people who received their stimulus check by April 21.
1:26 p.m. May 14, 2020
- By Jon Swartz
Dillard's shares rise 6% on news of reopened stores, smaller quarterly lossDillard's Inc. shares were up 6% in after-hours trading Thursday after the seller of fashion apparel, cosmetics, and home furnishings reported a smaller fiscal first-quarter loss than expected, as well as the reopening of stores. Dillard's reported a net loss of $162 million, or $6.94 a share, compared with net income of $78.6 million, or $2.99 a share, in the year-ago quarter. Net sales plunged 46% to $786.7 million from $1.46 billion a year ago. The good news is that Dillard's says it plans to reopen 116 stores and five clearance centers next week. Once they are open, the company will have 241 stores and 29 clearance centers in service. "COVID-19 has impacted every aspect of our business. The mall business in general and department stores, specifically, have been particularly hard hit," Dillard's Chief Executive William T. Dillard II said in a announcing the results. Analysts surveyed by FactSet had expected a loss of $7.16 a share on sales of $822 million. Dillard's shares are down 59% in the last year. The broader S&P 500 index is down 0.8% in the last year.
10:14 a.m. April 29, 2020
- By Ariel Maidansky
The future of commercial real estate — the weak get shaken out and the strong take over whole new markets Once the pain subsides, well-heeled companies will be kings of the cityOnce the pain subsides, well-heeled companies will be kings of the city.