9:43 a.m. Today9:43 a.m. Aug. 13, 2020
- By Wallace Witkowski
Cisco stock faces worst day in nearly a decade as cost cuts create more coronavirus concerns Onsite legacy equipment sales offset areas benefiting from COVID-19, analysts say, pushing revenue down overallCisco Systems Inc. shares faced their worst one-day drop in nearly a decade Thursday, after the networking giant’s decision to circle the wagons in the form of cost cuts as the company suffers from increasingly selective enterprise spending during the COVID-19 pandemic.
9:20 a.m. Today9:20 a.m. Aug. 13, 2020
- By Jillian Berman
9:03 a.m. Today9:03 a.m. Aug. 13, 2020
Cisco Stock Slides After the Company Forecasts a Disappointing October Quarter
For the October quarter, Cisco sees revenue falling 9% to 11% from a year ago. In the July quarter, revenue was down 9% to $12.2 billion.
6:47 a.m. Today6:47 a.m. Aug. 13, 2020
- By Tonya Garcia
Chili’s parent says its weeks-old virtual chicken chain It’s Just Wings will soon be a $150 million brand It’s Just Wings operates out of the company’s existing Chili’s and Maggiano restaurants and generates $3 million in weekly salesBrinker International says its virtual-only chain It’s Just Wings is generating $3 million in weekly sales after launching at the end of fiscal 2020.
6:29 a.m. Today6:29 a.m. Aug. 13, 2020
Amazon Will Cut 1,200 Delivery Drivers: Report
Here’s what you need to know about the impact of Covid-19 to navigate the markets today.
6:24 a.m. Today6:24 a.m. Aug. 13, 2020
A letter from Chennai as India tops 2 million COVID-19 cases: 'In the midst of so much death, despair and depression, life does go on''Whether or not a vaccine is around the corner, alternative medicines have sprouted like mushrooms after rain, claiming to build immunity against COVID-19,' writes Sadagopa Iyengar, an author and retired banker.
3:50 a.m. Today3:50 a.m. Aug. 13, 2020
- By Elisabeth Buchwald
When will I get my extra $300 a week in unemployment benefits? Why isn’t everyone out of work eligible under Trump’s proposal? Trump signed an executive order calling for an extra $300 a week in unemployment benefits — but it’s best to read the small printTrump signed an executive order calling for an extra $300 a week in unemployment benefits — but it’s best to read the small print.
11:36 p.m. Aug. 12, 2020
- By Quentin Fottrell
‘Lives could have been saved’: Ireland says people must wear masks in stores to stop COVID-19 — why did it take so long? Ireland has also recorded one of the highest rates of COVID-related nursing-home deaths in the world, according to a report released in JuneIreland has also recorded one of the highest rates of COVID-related nursing-home deaths in the world, according to a report released in June.
12:13 p.m. Aug. 12, 2020
- By Jeffry Bartash
Soaring U.S. budget deficit takes a breather in July — but it will soon be going back up U.S. runs largest deficit since WWII in fight against COVID-19the U.S. budget deficit shrank in July to the lowest level since the start of the coronavirus pandemic, but the government is still on track to post the biggest shortfall as a share of the economy since World War II because of massive federal aid for households and businesses. The U.S. deficit slid to $68 billion last month from a record $864 billion in June.
11:05 a.m. Aug. 12, 2020
- By Liz Hoffman
Goldman in the running for GM’s credit card business Barclays and Goldman among bidders for auto maker’s credit-card business, which has about $3 billion in outstanding balancesGoldman Sachs Group Inc. is seeking to acquire General Motors Co.’s credit-card business, doubling down on consumer banking and betting on a future where people pay for gas, takeout and groceries from the driver’s seat.
9:55 a.m. Aug. 12, 2020
- By Victor Reklaitis
Trump ‘seriously’ considers a capital-gains tax cut — and here’s how he could do it ‘We are looking very seriously at a capital-gains tax cut, and also an income-tax cut for middle-income families,’ Trump saysAnalysts pin some stock market’s gains in part on President Donald Trump saying at Monday night’s news conference that his administration might reduce taxes on capital gains. Here’s how it could be done.
7:08 a.m. Aug. 12, 2020
- By Cody Willard
Tech stocks need to prove they can still do the heavy lifting If bullish sentiment fails to return, play defenseIf bullish sentiment fails to return, play defense.
4:11 a.m. Aug. 12, 2020
- By Tonya Garcia
Amazon launching small-business virtual event, Amazon Accelerate, in SeptemberAmazon.com Inc. said Wednesday that it will host its first Amazon Accelerate virtual event, a free conference focused on current small-business partners taking place September 1 through September 3. The conference will include more than 60 sessions and is meant to help these small businesses manage the rest of 2020 and beyond. U.S. small businesses have sold more than 3.4 billion products in Amazon stores over the last 12 months. Amazon stock has gained 66.7% over the year to date while the S&P 500 index is up 3.2% for the period.
4:07 a.m. Aug. 12, 2020
Barron’s Daily: Moderna’s Covid Vaccine Looks Like a Bargain
Biden chooses Kamala Harris as VP, the UK economy experienced the sharpest fall in Europe, mass mail-in voting faces logistical headaches, and other news to start your day.
2:30 a.m. Aug. 12, 2020
The Virus Could Be Distorting the Job Market’s Normal-Looking Data
New data on job openings, hiring, and quitting shows how the labor market has been behaving very differently compared with previous downturns. Workers afraid of getting sick may be affecting the data.
1:30 a.m. Aug. 12, 2020
What Could Disqualify Me From Collecting Unemployment Benefits?
In general, if your employer hasn't reopened, you are still able to collect unemployment benefits.
5:35 p.m. Aug. 11, 2020
As Big Ten and Pac-12 cancel their football seasons because of COVID-19, college sports programs are facing a financial apocalypse
Revenue is disappearing, but debt costs and fat coaching contracts are not.
1:54 p.m. Aug. 11, 2020
- By Joy Wiltermuth
Dow, S&P 500 see 7-day winning streaks snap in late selloff, dragged down by tech shares Stocks weaken as Treasury yields riseStocks give up strong early gains to end lower Tuesday, dragged lower by a fall in tech stocks.
10:21 a.m. Aug. 11, 2020
- By Wallace Witkowski
Cisco earnings to show how coronavirus is affecting small and large businesses differently About a third of Cisco sales comes from large companies, while about a third comes from smaller businesses — which third takes the bigger hit should be revealingCisco Systems Inc. is expected to benefit from large companies’ tech spending despite the COVID-19 pandemic, but the struggles of smaller businesses could take their toll.
9:44 a.m. Aug. 11, 2020
Twitter Again Says It Could Add Subscriptions and Other Non-Ad Revenues
CFO says company is also working on upgrading its technology to focus more on direct-response advertising.
8:48 a.m. Aug. 11, 2020
- By Michelle Connell
It’s time for a stock market reality check or the next downturn will surprise us all Be a smarter investor: watch what institutional money managers are doing with their personal portfoliosBe a smarter investor: watch what institutional money managers are doing with their personal portfolios.
8:35 a.m. Aug. 11, 2020
- By Andrew Keshner
Coronavirus pandemic is closing Black-owned businesses at an outsized rate — but the next stimulus bill could help The number of active Black-owned businesses fell 41% from February to April by one count, compared to a 22% overall declineThe number of active Black-owned businesses fell 41% from February to April by one count, compared to a 22% overall decline.
7:45 a.m. Aug. 11, 2020
Workhorse’s Earnings Spooked the Market. Here’s Why Analysts Are Still Positive.
Stock in electric commercial van maker Workhorse traded down on earnings. That’s the wrong reaction, however, because earnings don’t matter.
6:56 a.m. Aug. 11, 2020
American Express Said to Be in Talks to Buy Kabbage for $850 Million
American Express is reportedly in advanced discussions to acquire Kabbage, the online small-business lender that went up for sale earlier this month.
3:16 a.m. Aug. 11, 2020
- By Jillian Berman
Inside the struggle to close the education equality gap exacerbated by COVID-19'Families and companies are stepping into this space because of a failure at the federal level to provide the resources that schools need to actually do something equitable right now.'
2:37 a.m. Aug. 11, 2020
U.S. small business optimism falls in July: NFIBSmall-business owners confidence in the U.S. economy slipped in July as coronavirus cases continue to surge across the country, data from a survey compiled by the National Federation of Independent Business showed Tuesday.
10:25 p.m. Aug. 10, 2020
InterContinental Hotels posts loss, halts dividendInterContinental Hotels Group PLC said Tuesday that it swung to pretax loss for the first half after booking higher costs, and that it wasn't declaring an interim dividend due to the coronavirus pandemic.
7:28 p.m. Aug. 10, 2020
- Associated Press
Asian markets extend rally as S&P 500 nears new record Stocks surge in Tokyo, Hong Kong, SeoulShares advanced in Asia on Tuesday, extending another rally that took the S&P 500 to within striking distance of its all-time high set in February.
12:49 p.m. Aug. 10, 2020
- By Abby Schultz
20 Minutes With: Gagosian COO Andrew FabricantThe mega-art gallery exec on virtual exhibitions as prehistoric Grand Theft Auto and the pleasures of Italian Renaissance art
12:20 p.m. Aug. 10, 2020
- By Emily Bary
IAC begins new chapter with MGM stake, sees growing demand for Vimeo business Company says more businesses are using Vimeo to reach consumers and employees with video during pandemicIAC/InterActiveCorp. embarked on a new chapter in its corporate history Monday by announcing a 12% stake in MGM Resorts International as it looks to reshape the business following the formal separation of Match Group Inc.
11:28 a.m. Aug. 10, 2020
MGM Jumps After a ‘Compelling’ Investment by Barry Diller
IAC/InterActiveCorp, fresh off its separation from Match Group, unveiled a 12% stake in the company.
9:22 a.m. Aug. 10, 2020
Trump or Biden? These ETFs Should Climb Either Way.
Investors can get ready for any election outcome with ETFs that track infrastructure, clean energy, and parts of the health-care sector
9:20 a.m. Aug. 10, 2020
- By Jared Dillian
What makes a good investor? Experience is more important than intelligence A lot of people get into the money-management business when they are young, and they haven’t seen a whole cycle, just one-half of oneA lot of people get into the money-management business when they are young, and they haven’t seen a whole cycle, just one-half of one.
8:05 a.m. Aug. 10, 2020
2020 Election: How to Prepare Your Portfolio
Here’s what three potential election outcomes could mean for stocks, industry sectors, and the U.S. economy
4:43 a.m. Aug. 10, 2020
FedEx Gains After Catching an Upgrade. Now What?
Parcel shippers are figuring out e-commerce and
Wall Street is taking notice.
1:48 a.m. Aug. 10, 2020
- By Bill Bischoff
How small business owners can avoid penalties for unpaid federal payroll taxes Be smart: take advantage of COVID-19 reliefBe smart: take advantage of COVID-19 relief.
1:30 a.m. Aug. 10, 2020
I Can’t Pay My Rent Due to Covid-19. Can I Be Evicted?
Tenants have legal rights when an eviction is looming. But it’s usually best to try to make a payment arrangement with your landlord first.
11:00 a.m. Aug. 9, 2020
Lyft, DraftKings, Marriott, Cisco, and Other Stocks to Watch This Week
Second-quarter earnings season continues with results from Applied Materials, Barrick Gold, DraftKings, Lyft, and Occidental Petroleum. Plus, inflation and consumer sentiment data.
8:21 a.m. Aug. 9, 2020
- Associated Press
Coronavirus concerns kicked to curb as Sturgis Motorcycle Rally in South Dakota draws tens of thousands Republican Gov. Kristi Noem has voiced support for the rally — which other years might draw a half-million people from around the country — and avoided issuing a mask mandateRepublican Gov. Kristi Noem has voiced support for the rally — which other years might draw a half-million people from around the country — and avoided issuing a mask mandate.
12:44 p.m. Aug. 8, 2020
- By Philip van Doorn
Gold rising to $4,000 an ounce ‘would not be an unreasonable move,’ fund manager says Michael Cuggino of the Permanent Portfolio makes the case that gold is still relatively cheap, despite its 35% increase this yearMichael Cuggino of the Permanent Portfolio makes the case that gold is still relatively cheap, despite its 35% increase this year.