Robert Reffkin, CEO of Compass, speaks on stage on November 06, 2019 in New York City. Brad Barket | Getty Images Compass, a real estate brokerage firm with more than 19,000 agents across the country, filed to go public on Monday, and told prospective investors that revenue jumped 56% last […]
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Martin Marietta Materials CEO is bullish as he expects more federal spending on roads
Martin Marietta Materials CEO Ward Nye was optimistic about his company’s prospects on Monday as the Biden administration starts working toward an infrastructure spending package aimed at improving the nation’s roads, bridges and other projects. The House advanced a $1.9 trillion Covid-19 stimulus measure over the weekend, which is expected […]
Macy’s Operating Chief Harper to depart, the post will remain vacant amid other leadership changes
Macy’s Herald Square Flagship Department Store in Midtown Manhattan New York. Nicolas Economou | NurPhoto | Getty Images Macy’s announced Monday a number of management changes as the department store looks to overhaul its business and woo back customers who are increasingly shopping online and avoiding malls during the pandemic. […]
Stock futures rise after S&P 500 notches best day since June
Pedestrians walk past the New York Stock Exchange. Wang Ying | Xinhua News Agency | Getty Images Futures contracts tied to the major U.S. stock indexes rose at the start of extended trading Monday evening after the S&P 500 rallied more than 2% during regular trading hours for its best […]
CDC says J&J Covid vaccine is OK for people who have allergic reaction to Pfizer’s or Moderna’s
Gary Collis of Bunker Hill, West Virginia, receives his boost dose at a coronavirus disease (COVID-19) community vaccination event, as the vaccination rate in West Virginia ranks among highest in world, in Martinsburg, February 25, 2021. Kevin Lamarque | Reuters Johnson & Johnson‘s Covid-19 vaccine can be used as a […]
Nike’s North American head Ann Hebert resigns after report reveals ties to a sneaker resale biz
Seen through a store window, a Nike employee stands in the entryway of the Nike SoHo store in New York City. Drew Angerer | Getty Images Nike said Monday that the vice president and general manager of its North America division, Ann Hebert, has left the retailer, effective immediately. Her […]
Stocks rocket higher in broad rally to start March, S&P 500 jumps 2% for best day since June
U.S. stocks jumped sharply on Monday in a broad-based rally as stocks tied to the economic reopening jumped on vaccine optimism, while tech names rebounded from steep losses last week. The 30-stock Dow Jones Industrial Average jumped 603.14 points, or 2%, to 31,535.51, boosted by a 5.8% jump in Boeing. […]
Zoom pops as company beats expectations and issues strong guidance
Eric Yuan, founder and chief executive officer of Zoom Video Communications Inc., center, reacts while ringing the opening bell during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, U.S., on Thursday, April 18, 2019. Zoom reported net income of $7.6 million on revenue of $331 […]
Apple stock has biggest day since Oct. 12 after Buffett endorsement, stores reopen
NEW YORK, NEW YORK – SEPTEMBER 20: Apple CEO Tim Cook greets customers at the grand reopening of Apple’s flagship Apple Fifth Avenue retail store on September 20, 2019 in New York City. Taylor Hill | WireImage | Getty Images Shares of Apple closed up 5.39% on Monday to a […]
Fed policy changes could be coming in response to bond market turmoil, economists say
Joggers pass the Marriner S. Eccles Federal Reserve building in Washington, D.C., on Tuesday, Aug. 18, 2020. Erin Scott | Bloomberg | Getty Images While the Federal Reserve may not raise its benchmark interest rate for years, there are growing expectations it may tweak policy soon to address some of […]