Economists and other analysts were sounding off Monday following news that President-elect Joe Biden has selected former Federal Reserve Chairwoman Janet Yellen to lead the Treasury Department. Biden plans to nominate Yellen, said a Wall Street Journal article citing unnamed sources, and other news outlets also reported that she was …
Read More »
Bed Bath & Beyond has a three-year plan for a business turnaround. (Getty Images) Bed Bath & Beyond Inc. BBBY, -0.52% laid out a detailed transformation plan during its Wednesday investor day presentation and now analysts have turned their focus toward execution. The strategy includes the launch of more than …
Read More »
European Central Bank (ECB) President Christine Lagarde speaks during the 16th Congress of Regions in Saint-Ouen, north of Paris, France, on October 19, 2020. Agence France-Presse/Getty Image The eurozone economy seems destined to contract in the fourth quarter, as a spike in COVID-19 cases has caused governments to once again …
Read More »
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 »
There’s a lot of uncertainty in financial markets right now — and a lot of vacillating, which can sometimes feel like the same thing. Many analysts believe markets will bounce back and forth for some time, driven by headlines, not fundamentals, until some big issues — the U.S. presidential election, …
Read More »
There have been better quarters. The S&P 500 SPX, -1.51% dropped a precise 20% in the January-to-March period, the worst showing since the fourth quarter of 2008 and the ninth worst three-month era on record. The blame can be pinned on COVID-19, which has resulted in 861,305 cases globally and …
Read More »
Dollar General Inc. faces the same uncertainty that other retailers face from the coronavirus epidemic, but analysts say the discount seller is well-positioned to deal with the pandemic. “Dollar General remains a top pick, positioned for growth and defensiveness, and we reiterate our overweight rating,” wrote KeyBanc Capital Markets analysts …
Read More »