Traders work on the floor of the New York Stock Exchange. NYSE Stock futures were flat in overnight trading on Tuesday after Wall Street appeared range-bound near its record levels. Futures on the Dow Jones Industrial Average were little changed. S&P 500 futures and Nasdaq 100 futures also held steady. […]
CNBC
Biden seeks new coalition for infrastructure bill as talks with key GOP senators fall apart
U.S. President Joe Biden departs after speaking in the Eisenhower Executive Office Building in Washington, D.C., on Wednesday, June 2, 2021. Samuel Corum | Bloomberg | Getty Images WASHINGTON – Negotiations between the White House and a small group of Republican senators over a bipartisan infrastructure bill have collapsed in […]
S&P 500 ends day flat as benchmark continues to hover near its record
The S&P 500 finished Tuesday’s session near the flatline as the benchmark once again failed to refresh its all-time high from May. The broad equity benchmark rose less than 1 point to 4,227.26, sitting 0.3% below its record high of 4,238.04 reached on May 7. The Dow Jones Industrial Average […]
As Clover Health joins the ‘meme stock’ trend, here’s what investors need to watch out for
d3sign | Moment | Getty Images Individual investors glued to social media helped push the shares of one new company name — Clover Health — up more than 100% on Tuesday. Yet when it comes to the broader markets, the question on many people’s lips now is, “What’s the next […]
‘Nothing changed overnight’ to make Wendy’s a better bet, trader says as stock sees Reddit interest
Retail traders are taking a fresh look at Wendy’s. Shares of the fast-food chain surged about 26% to records on Tuesday after a post in Reddit’s popular WallStreetBets forum pitched Wendy’s as “the perfect stock” for the group on account of its signature products and “effective” social media presence. It’s […]
Chipotle hikes prices to cover the cost of raising wages
A employee sprinkles cheese on a burrito at a Chipotle Mexican Grill restaurant in Hollywood, California. Patrick T. Fallon | Bloomberg | Getty Images Chipotle Mexican Grill has hiked menu prices by roughly 4% to cover the cost of raising its workers’ wages. Across the restaurant industry, chains such as […]
Lumber executive sees further relief in sky-high prices, says delaying building projects makes sense
Lumber industry veteran Kyle Little told CNBC on Tuesday that it’s a sensible decision to hold off on beginning discretionary building projects due to high wood costs. “The jobs that you have coming up, don’t expect us to go back to what we saw the previous 10 years. That being […]
A lesson the CEO of Francesca’s learned when he was fired once is helping to shape the retailer’s turnaround strategy
Andrew Clarke, 47, took over as the CEO of the apparel retailer Francesca’s in March 2020. Source: Francesca’s When Andrew Clarke was in his late 30s, he was let go from a retail job because of his sexual orientation. “My boss at the time said to me that my lifestyle […]
Wealthy investors are worried about inflation, CNBC millionaire survey shows
Shoppers maintain safe distance in a checkout line in Torrance, Calif. Al Seib | Los Angeles Times | Getty Images The coronavirus pandemic is subsiding, but the new normal might not look the same as 2019. One reason why: The prices of some goods and services have crept up due […]
The Senate is set to pass a massive bipartisan tech and manufacturing bill that takes on China
Employees work on the production line of silicon wafer at a factory of GalaxyCore Inc. on May 25, 2021 in Jiashan County, Jiaxing City, Zhejiang Province of China. Guo Junfeng | Visual China Group | Getty Images The Senate is set this week to pass one of the largest industrial […]