Tom DeMark says that the S&P 500 index has more room to run up, according to a report from Bloomberg News on Tuesday. The technical analyst and market timer says that the broad-market stock index is likely to touch 3,500 as the overall stock market attempts to play catch up …
Read More »: Deodorant sales fall due to social distancing but locked down consumers send ice-cream sales soaring, says Unilever
People socializing less and working from home caused a slump in demand for personal care items like deodorant and makeup, consumer goods giant Unilever ULVR, +0.15% said on Thursday. The firm, which owns Dove soap and Axe deodorant, as well as hundreds of other brands, said lockdowns led to a …
Read More »Earnings Results: Verizon reports ‘clean’ earnings but analysts see uncertainty ahead
Verizon Communications Inc. shares gained Friday after the company posted results that analysts called “clean” and “reliable.” The wireless operator topped both revenue and adjusted earnings expectations for the June quarter even as both dipped from a year ago as the company felt the effects from COVID-19. In particular, Verizon’s …
Read More »Outside the Box: Workers should be able to invest their 401(k)s in companies that won’t harm the climate
Investors may want to steer clear of investing their 401(k) in companies that own risky assets such as coal-fired power plants. George Frey/Agence France-Presse/Getty Images Climate change. Exploitation of essential workers. Racism. In the face of an urgent need to tackle these societal challenges, the U.S. Department of Labor released …
Read More »: Vodafone plans IPO for towers business in Frankfurt next year
(FILES) In this file photo taken on January 30, 2018 The logo of British mobile phone giant Vodafone welcomes visitors at their retail shop in central London ben stansall/Agence France-Presse/Getty Images Vodafone Group on Friday said it would list its towers infrastructure business in Frankfurt next year. Vodafone VOD, -3.02% …
Read More »Capitol Report: Trump scraps Jacksonville portion of Republican National Convention, calls for vigilance in battling coronavirus outbreak
President Donald Trump said Thursday that he was scrapping the Jacksonville, Fla.-component of the Republican National Convention that was scheduled for late next month, underscoring an apparent reversal of tone and approach to the viral pandemic that has crippled much of the country for months. The president said he would …
Read More »Key Words: ‘It’s actually not that easy, but for me it was easy’: Trump describes his recent cognitive test: ‘Person. Woman. Man. Camera. TV.’
President Trump defended his recent cognitive test — this time describing it in detail. Speaking to Marc Siegel, an associate professor of medicine at New York University’s Langone Medical Center and Fox News reporter and contributor, the president said, “It was 30 to 35 questions. The first questions are very …
Read More »DIY renovation projects offer the best return to homeowners — but there’s a catch
Thanks to the coronavirus pandemic, Americans have a lot more time on their hands — and they’re spending that time at home. Earlier in the health-crisis, economists predicted that spending on renovation projects would actually dip across much of the country. But recent data show that there’s been a definite …
Read More »Tesla stock soars more than 5% after company reports surprise Q2 profit, on track for S&P 500
Tesla Inc. stock rose more than 5% late Wednesday after the Silicon Valley car maker reported a second-quarter GAAP and adjusted profit, setting it on a course to join the S&P 500 index and surprising investors as most of the quarter was beset with coronavirus-related stoppages. Tesla TSLA, +1.52% said …
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