Lululemon Athletica store exterior, Ponce City Market. John Greim | LightRocket | Getty Images Lululemon on Thursday reported sales of $1.1 billion, up 22% from a year ago and beating analysts’ estimates, as shoppers frequented the retailer’s stores and website to buy workout apparel during the period. In North America, net revenue grew 19%, boosted
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Jason Kempin | Getty Images Entertainment | Getty Images Check out the companies making headlines in midday trading. Best Buy — Shares of the retailer slipped 2.4% after Goldman Sachs downgraded the stock to sell from neutral. The investment firm said in a note to clients that Best Buy is “one of the best run
SpaceX’s Crew Dragon Endeavour seen docked with the International Space Station on July 1, 2020. NASA Morgan Stanley held its annual space summit virtually this year due to the coronavirus pandemic, but analyst Adam Jonas told CNBC that hundreds of investors and observers participated in the event on Tuesday as interest in the space industry
Throughout the pandemic, day trading has become extremely popular, especially among young people who, in most cases, have never invested in the stock market before. Coronavirus-induced lockdowns provided some with more time on their hands to try trading apps, like Robinhood, which are seeing a surge in business; millions of Americans are unemployed and may think
The pandemic has battered small businesses in New York City, and among those struggling are nearly 20,000 street vendors that have lost 70% to 90% of their earnings, according to a survey conducted in June and September. With these small businesses that are such a vital part of New York City barely surviving, Morgan Stanley
U.S. Senator Josh Hawley (R-MO) attends a confirmation hearing of Judge Amy Coney Barrett on Capitol Hill in Washington, D.C., October 12, 2020. Susan Walsh | Pool | Reuters As questions loom on Capitol Hill over whether or not there will be second stimulus checks, one senator is introducing a bill to make those payments
Economic Security Planning, Inc. Today’s column addresses questions about potential future survivor’s benefits a spouse could receive in the event of the record holder’s death, when divorced spousal benefits might be available and filing options when eligible for both retirement and widow(er)’s benefits. Larry Kotlikoff is a Professor of Economics at Boston University and the
A row of luxury homes on a Malibu beach. getty Malibu’s housing market has thrived during the coronavirus pandemic, as dwindling inventory in the beach city’s most desirable pockets has pushed home prices well above the normal rates. With COVID cases continuing to rise across the country, hopefuls waiting out the summer for a bargain
Thoughtful mature woman working at laptop thinking about the pandemic and whether she should retire … [+] now. getty The pandemic is wearing everyone out, and Baby Boomers are no exception. Individuals who were planning to retire two or three years from now are changing their minds. In the third quarter of 2020, Pew Research
Brian Chesky, chief executive officer and co-founder of Airbnb Inc., speaks during an Economic Club of New York luncheon at the New York Stock Exchange (NYSE) in New York, U.S., on Monday, March 13, 2017. Michael Nagle | Bloomberg | Getty Images Airbnb, the company that allows users to book short-term rentals and experiences while
With the launch of its IPO Wednesday, food delivery service DoorDash is on the verge of being valued at up to $32 billion. For CEO and co-founder Tony Xu, that lucrative public offering would make him a billionaire at just 36 years old. Xu owns a stake of about 5% of the company he co-founded
Take a look at some of the biggest movers in the premarket: Moderna (MRNA) – The drugmaker has begun a study of its Covid-19 vaccine candidate involving adolescents aged 12 to less than 18. Moderna has dosed the first participant in a study expected to enroll 3,000 healthy people. Shares of Moderna was down 1.3%
Courtney Keating | E+ | Getty Images Talk to anyone who’s gone through divorce and they’d likely say the experience was no walk in the park. Yet the notion may be weighing on more spouses during the pandemic, some research shows. For instance, based on Loanry.com’s internal data, there’s been a 62% increase in loan
In this installment of Willis Weighs In, Benjamin M. Willis, contributing editor for Tax Notes Federal, and Jasper B. Smith, executive editor for commentary at Tax Notes, discuss the fundamentals of tax planning. About the Guests Benjamin M. Willis is a contributing editor for Tax Notes Federal. He has worked in PwC’s national mergers and acquisitions and international tax services
A buyer still has to look HARD to find the name and contact information of the exclusive listing … [+] agent on properties in New York City. getty Technology governs the process of shopping for residential real estate like never before. During the 9 months (and counting) of the pandemic, owners and seekers of homes
If you are considering large gifts and you’re able to use your IRA, there’s no more tax-efficient … [+] gift you can make. getty Every December, our attention turns to holiday celebrations and gift-giving, and while the pandemic may impact family gatherings in 2020, it’s still a wonderful time of year. It’s also a natural
Chobani Probiotic yogurt Chobani Chobani is jumping on the probiotics trend with three new yogurt-focused product lines that claim to boost gut health and immunity. The privately held company is the No. 1 maker of Greek yogurt, but it’s been expanding its product offerings as yogurt consumption has stagnated, adding oat milk, yogurt and coffee
A man enters a building with rental apartments available on August 19, 2020 in New York City. Eduardo MunozAlvarez | VIEW press | Corbis News | Getty Images Renters started returning to Manhattan in November, lured by a record drop in rental prices, according to a new report. The number of new leases in November
U.S. stock index futures were little changed in overnight trading on Wednesday as investors continued to assess progress on additional stimulus measures, as well as developments on the Covid-19 vaccine front. Futures contracts tied to the Dow Jones Industrial Average gained two points while S&P 500 futures were flat. Nasdaq 100 futures fell 0.1%. During
It appears that lawmakers on both sides of the aisle are in favor of extending the student loan forbearance. Al Drago/Bloomberg via Getty Images Student loan borrowers may not have to worry about their monthly bills until at least May of next year. In a summary of bipartisan legislation circulated on Wednesday that could become