In this article LULU Lululemon shares surged more than 13% in extended trading Wednesday after the athletic apparel maker reported fiscal second-quarter profit and revenue that topped analysts’ expectations. Consumers are shopping Lululemon stores and the company’s website for its sports bras, jogger pants and leggings for their stay-at-home wardrobes. But many are also seeking
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In this article MRNA SAM GME LULU LESL Moderna’s sign is seen outside of their headquarters in Cambridge, MA on March 11, 2021. Boston Globe | Getty Images Check out the companies making headlines in midday trading. Moderna — Shares of the drug maker rose more than 7% after announcing it’s developing a two-in-one vaccine
Sotheby’s Art Auction: Mark Rothko’s #7 (L), and Andy Warhol’s Nine Marilyns (R). Courtesy: Sotheby’s After years of legal wrangling and Covid delays, the storied art collection of real estate tycoon Harry Macklowe and his ex-wife, Linda, is headed for auction at Sotheby’s, and could fetch more than $600 million. The collection, which includes prized
In this article MA The MasterCard logo on a smartphone arranged in Saint Thomas, Virgin Islands. Gabby Jones | Bloomberg | Getty Images Mastercard has agreed to acquire blockchain analytics start-up CipherTrace, in the latest sign of how major companies are warming to cryptocurrencies. The payments giant said Thursday it entered into an agreement to
JGI/Jamie Grill It appears most workers have to wait years for a company’s 401(k) matching contributions to become entirely theirs. The majority (82%) of employers that offer traditional 401(k) plans say they match a portion of their workers’ account contributions, according to a report from human resources firm XpertHR. However, the research shows that just
Spencer Platt | Getty Images News | Getty Images Federal unemployment benefits lapsed on Labor Day. But there’s good news for Americans who’ve been waiting weeks or months for that aid to arrive: They can still collect back pay past the cutoff date. Workers who haven’t yet applied for the federal assistance can still do
A view in the direction of Oudezijds Voorburgwal lined with coffeeshops in Amsterdam. Thomas Imo | Photothek | Getty Images Amsterdam has long been a draw for millions of tourists from Europe and beyond, with many attracted to the city for its canals, architecture and museums and, of course, its plentiful cannabis-laden coffeeshops and unabashed
People walk by a GameStop store in Brooklyn on January 28, 2021 in New York City. Spencer Platt | Getty Images News | Getty Images Video game retailer GameStop said Wednesday its fiscal second-quarter losses narrowed as sales rose from a year ago. Shares of the company fell about 2% in extended trading. For the
Sorare LONDON — Spain’s top soccer league La Liga said on Thursday that it will offer NFTs for all its players, marking the latest foray into cryptocurrencies from a major sports organization. NFTs, or non-fungible tokens, are unique digital assets that are designed to certify ownership of a virtual item, such as rare art or
In this article RKLB An Electron rocket gets ready to launch. Rocket Lab Rocket Lab signed a five-launch contract with European satellite data company Kinéis, in a deal that adds to the space company’s backlog. Kinéis is building an Internet of Things connectivity constellation with 25 satellites, all of which will be launched to orbit
shapecharge | E+ | Getty Images Good news for those struggling to save for retirement may be on the way. House Democrats are including measures to help people prepare for the long term in their $3.5 trillion federal budget plan. The House Ways and Means Committee on Tuesday released legislative proposals for portions of the
Dallas Cowboys wide receiver Brandon Smith (80) runs for a first down during the game between the Dallas Cowboys and the Jacksonville Jaguars on August 29, 2021 at AT&T Stadium in Arlington, Texas. Matthew Pearce | Icon Sportswire | Getty Images The National Football League is on the clock and ready to commence its 102nd
A trader works on the floor at the New York Stock Exchange (NYSE) in New York, August 20, 2021. Andrew Kelly | Reuters U.S. stock futures were steady in overnight trading Wednesday as investors remained cautious on the remaining months of trading. Dow futures fell just 9 points. S&P 500 futures were flat and Nasdaq
Prosecutors called Theranos founder and CEO Elizabeth Holmes a liar and a cheat on Wednesday while her attorneys argued that the company’s failure was not a crime. “Out of time, out of money, Elizabeth Holmes decided to lie,” Robert Leach, an assistant U.S. attorney, said while laying out the case that Theranos ran out of
Health conscious American millennials have found their drink of choice: alcoholic carbonated water that is lower in calories and carbs than beer and wine. A hard seltzer craze is sweeping the United States as Generation Y and Generation Z pursue healthier lifestyles, influenced by viral trends on Instagram and YouTube. TIMOTHY A. CLARY | AFP
Towfiqu Photography If you inherit a retirement account, you may want to pause before making any decisions on when and how to access the money. Basically, the rules that apply depend on your relationship to the person who died. Mistakes can be made, and depending on the specifics, they can be hard to undo. The
Thomas Barwick When it comes to income in retirement, one looming question confronts most individuals: How much money is enough? While the answer to that question in never black-and-white, recent headlines about the solvency of Social Security could be injecting more fear into that dilemma. Last week, the Social Security Administration released its annual trustees
Tuesday, the U.S. Treasury Department released a blog authored by Treasury officials Itai Grinberg and Rebecca Kysar. Though the blog purports to make a case for President Biden’s proposal to increase the current minimum tax on foreign profits of U.S. companies, its arguments rely on a very narrow interpretation of current law and the president’s
Daniel Acker | Bloomberg | Getty Images Mortgage rates appear to be stuck in a holding pattern, giving borrowers no particular incentive to act, especially on refinances. Total mortgage application volume fell 1.9% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. It was at the lowest level
I expect a 5-7% pullback this month, so draw up plans and buy levels in your favorite stocks zacks.com zacks.com/ultimate