Stocks

Consumer discretionary and IT stocks are ‘egregiously expensive,’ strategist says

Investors should avoid "scarily priced" sectors of stocks, such as IT and consumer discretionary, according to MBMG Group Managing Director Paul Gambles.


Stocks Set Records After Jobs Miss Boosts Aid Odds: Markets Wrap

U.S. stocks climbed to all-time highs and Treasury yields jumped after a report showing U.S. employment gains slowed in November bolstered expectations for more federal stimulus.


Four dividend stocks could be best bets, according to two market analysts

In the hunt for yield, Matt Maley of Miller Tabak and Delano Saporu of New Street Advisors share their top dividend-paying plays.


Kelly Evans: Don't look now, but...

...the 10-year Treasury yield is trying to make another go at breaking above 1%. It might seem like an odd day for it; the jobs report this morning was "disappointing" and slowed to just 245,000 jobs added in the U.S. last month, the slowest pace yet in the recovery. But people were braced for something worse; I texted my husband "Prediction: negative jobs print" just before the 8:30 a.m. data release, and I'm usually on the optimistic side (and...


Op-ed: A Silicon Valley founder on why he replaced himself as CEO

The tech sector is full of start-ups led by big personalities. More need to get over fears about succession planning and do what I did: Give up the CEO role.


Bath & Body Works' annual Candle Day sale returns Friday with $9.95 candles; lasts longer amid COVID-19

Bath & Body Works' anticipated Candle Day sale with $9.95 three-wick candles is back with some changes amid the coronavirus pandemic.


China State Firms Once Deemed ‘Safe’ Now Rocked by Defaults

Rising defaults by China’s state firms are showing the need for bond investors to be much savvier about those borrowers -- no easy feat in a country where government decisions and business operations lack transparency.


Boeing further trims 787 output in pandemic, expects slower deliveries due to inspections

Boeing is cutting its production target for its 787 Dreamliners to five a month as the pandemic keeps a lid on demand and it warns about slower deliveries.


Bill on standard, higher wages for media workers gets House committee approval

MARIA RESSA, Executive Editor and CEO of Philippine news website Rappler, speaks to the media beside former Rappler reporter Reynaldo Santos Jr. (L) and lawyer Ted Te (R), after being found guilty of cyber-libel, in Manila City Hall, June 15. — REUTERSA COMMITTEE report on the proposal seeking to give a minimum monthly compensation and additional insurance benefits for media industry workers was approved Friday by the House of Representatives...


Stocks making the biggest moves midday: Big Lots, Carvana, Cloudera, DocuSign & more

Check out the companies making headlines in midday trading.


Fintech firm Revolut takes aim at Stripe with payment software for businesses

A move into payment processing software would put Revolut up against U.S. firm Stripe, Dutch competitor Adyen and British peer Checkout.com.


Soft U.S. Jobs Report Boosts Case for More Fed and Fiscal Action

The case for more Federal Reserve action to support the economy was boosted on Friday by a “disappointing” November U.S. payroll report, focusing attention on its upcoming meeting as central bankers reiterated calls for more fiscal relief.


Pound Soars to 2018 High on Brexit Optimism, Dollar Weakness

The pound rallied on mounting speculation that Britain and the European Union are closing in on a Brexit trade agreement.


U.S. dollar hovers around two-and-a-half year low; Analysts see further weakness in 2021

The U.S. dollar is currently hovering around lows last seen in April 2018 as investors continue to pour back into riskier assets.


McDonald’s Warns U.S. Franchisees of Higher Bills Next Year

McDonald’s Corp. is rolling out a series of financial changes that will result in heftier bills for its U.S. franchisees beginning next year, a move that is stoking tensions with restaurant owners.


Big Law career guide: The latest news on pay, hiring, and hot practice areas

The latest news on Big Law hiring, compensation, layoffs, law school recruiting, diploma privilege, people moves, hot practice areas.


Ryanair Chief Puts Rivals on Notice With Big Boeing Order

Ryanair Holdings Plc has a plan to thunder back from the air-travel slump, grabbing airport space while its weakened rivals are still in retreat.


These CARES Act provisions will expire just after Christmas if Congress doesn't pass a stimulus deal

Without a new stimulus deal, 66% of Americans currently collecting unemployment benefits will lose them by Dec. 26.


DoorDash Boosts IPO Fundraising Target to $3.1 Billion

DoorDash Inc. said it’s seeking to raise as much as $3.1 billion in its initial public offering next month after a surge in investor demand let the biggest U.S. food delivery company boost the price range for its shares.


Boeing Mulls Equity Sale, Plans New Cut to 787 Dreamliner Output

Boeing Co. is studying an equity sale and other ways to ease a debt burden that has soared to $61 billion this year amid the worst slump in aviation history.


U.S. Jobs Recovery Slows as Virus Rages, Boosting Aid Chances

The U.S. labor-market rebound slowed markedly in November, indicating the surge in Covid-19 cases is hitting workers and curbing the broader economic recovery.


Cheesecake Factory Settles SEC Charges Over Covid Statements

The U.S. Securities and Exchange Commission said it has settled charges against Cheesecake Factory Inc. over “materially false and misleading” statements after the restaurant chain failed to disclose the financial impact of the coronavirus pandemic earlier this year.


Billionaire Glasenberg’s Reign Spanned IPO Glory to Graft Probes

Ivan Glasenberg, a former coal trader who became the billionaire boss of Glencore Plc, will step down as the commodities behemoth navigates through corruption probes, scrutiny of its environmental bona fides and a share price that’s lost half its value during the past decade.


Jobs report shows weakening trend heading into holidays, increasing the case for stimulus

Job growth slowed in November and looks set to decline even more, as the spreading pandemic hits all sorts of economic activity.


How the Nikola Badger went from hotly anticipated Tesla Cybertruck competitor to bust in a matter of months

The Badger would have been the perfect Tesla Cybertruck rival, but now it's dead. Thus, the question becomes: Can you mourn something that never was?


Your movie theater experience is going extinct

WarnerMedia announced Thursday that its 2021 movie releases will debut simultaneously in theaters and on HBO Max.


Copper Surges as Macro Investors Bring Metals in From the Cold

Copper rallied to a fresh seven-year high on bets that further economic stimulus and a global post-pandemic recovery will fuel demand for the metal into next year.


Zoom CEO Eric Yuan says he's enjoyed working longer hours during the pandemic - and that his net worth jumping to $20 billion hasn't changed his life all that much

"I do enjoy more, work more long hours," Zoom CEO Eric Yuan said Thursday. "We are helping people stay connected during the pandemic crisis."


Ethereum Becoming More Than Crypto Coder Darling, Grayscale Says

While Bitcoin’s record-high grabs attention, its crypto compatriot Ethereum is continuing to broaden its appeal beyond the software programming crowd.


E-commerce hiring booms as traditional retail sheds jobs into holiday shopping season

Warehouse and delivery jobs are surging while the holiday hiring spree looks muted for traditional retail, according to the latest jobs report.


RBI continues to wait and watch; limited scope for policy freedom: SBI Ecowrap

The RBI continues to be in wait and watch mode as there is very limited scope on what monetary policy can achieve given GDP in contraction mode and inflation risk on upside, says economists at State Bank of India


Hospitality industry sees job growth come to a halt, with little hope ahead

Signs of hope for workers in the hard-hit Hospitality field all but disappeared in November, and their prospects for getting re-hired grow bleaker by the month.


Jobs Data Was ‘Perfect Miss’ for Fed and Fiscal Stimulus

A slowing labor market doesn’t spell doom for the recovery, but it will keep pressure on Congress to pass additional assistance.


AMC aims to raise up to $844 million to stave off default until a vaccine is widely distributed

The theater chain has burned through the bulk of its cash reserves as virus restrictions and a lack of major releases weigh on sales.


Bitcoin will go 'substantially higher' over the next 20 years as adoption of digital currencies increases globally, says billionaire Paul Tudor Jones

Paul Tudor Jones told Yahoo Finance: "I'm going to assume that the path forward from here is north," for bitcoin.


ECB Urged to Extend Bank Dividend Ban Six Months by Watchdog

Europe should extend its de-facto ban on bank dividends by six months, a top official at the European Central Bank’s supervisory arm said, casting a shadow over investors’ hopes for a return to payouts early next year.


Heated on-air CNBC exchange between Sorkin and Santelli mirrors national debate over Covid lockdowns

"Squawk Box" co-host Andrew Ross Sorkin and CNBC bond maven Rick Santelli engaged in a heated debate Friday over coronavirus restrictions.


Oil Pares Gains With U.S. Jobs Miss Stoking Demand Concerns

Oil faded from session highs after U.S. labor-market data showed the recovery markedly slowing last month in a warning sign for crude demand.


JPMorgan Says Card Payments Surged 15% Over Black Friday Weekend

JPMorgan Chase & Co. said it processed 15% more card payments during Black Friday weekend than it did a year earlier, a sign that the pandemic did little to curtail spending as the holiday shopping season began.


The UK economy will expand 7% in 2021 on COVID-19 vaccine rollout and Brexit trade deal, Goldman Sachs says

Over half of the country's population is expected to be immunized by March, pointing to a significant rebound in economic activity from Q2.


THE NEW FOREFRONT AT FORD: What you need to know about the auto giant's new leaders and plans for the future

Ford has a new CEO and a leadership team ready to take it into our EV future. Let us help you get to know company's new names and how we got here.


Ernst & Young Probed by German Prosecutors Over Wirecard

German authorities opened a probe into Ernst & Young’s audit of Wirecard AG, adding to the accounting firm’s troubles linked to the missing 1.9 billion euros ($2.3 billion) at the payment company.


Restaurant industry loses jobs for the first time since April as new restrictions hit employment

The restaurant industry lost jobs for the first time since April as new restrictions to fight the coronavirus pandemic weighed on sales.


Steve Wozniak is starting another company, 45 years after co-founding Apple with Steve Jobs

Apple co-founder Steve Wozniak is starting a business in the green tech and blockchain space called Efforce.


Stimulus Bets Push 10-Year Treasury Yields to Eight-Month High

Treasuries declined, pushing 10-year yields to the highest since March, as traders bet that a weaker-than-expected November jobs report will light a fire under Washington policy makers to get an economic stimulus deal done soon.


Theaters Vexed by Warner Bros.’ Straight-to-Streaming Move

Theater chains such as AMC Entertainment Holdings Inc. and Cinemark Holdings Inc. are firing back at Warner Bros. after the studio overhauled its film-release strategy and sent their shares plummeting.


We're on the cusp of vaccine authorizations

These are the top stories written by Business Insider's healthcare team for the week ending December 4.


How to report a missing UPS package and file a claim online to earn a refund

The sender or receiver of a missing UPS package can open a claim with the company for a full refund at the UPS claims site.


Schumer ups pressure for Covid stimulus deal, warns of double dip recession as job growth slows

Senate Minority Leader Chuck Schumer said coronavirus stimulus is "more important than ever" after a disappointing November jobs report.


Gov’t lifts total ban on conferences, workshops

CONFERENCES, workshops and other similar activities are now allowed in areas under the general quarantine level, a move that will help boost the battered tourism sector. “While the pandemic has taught organizers to embrace technology, some gatherings in a physical set-up can now proceed, with health and safety protocols in place. We are optimistic that […]