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The Federal Reserve meets today, with markets expecting its low-rate policy to continue. Last month, Chairman Jerome Powell gave a major speech at the central bank's annual conference. The big change was a willingness to accept higher inflation in the short term. That...
Zoom Video Communications just rallied to new record highs after the coronavirus pandemic fueled one of the most dramatic growth stories ever. ZM closed at $457.67 today. That's 1,171 percent above the $36 price where it went public just 16 months ago on April 18,...
Apple and Tesla jumped to new highs today after splitting their stocks. Will other big Nasdaq companies like Amazon.com follow? AAPL rose more than 3 percent and TSLA spiked over 13 percent. Their gains helped lift the the Nasdaq-100 to its ninth record level in the...
If you want to know the week that e-commerce officially took over the world, this might have been it. Companies including Minneapolis-based Target (TGT), Beijing-based JD.com (JD) and Singapore-based Sea (SE) rode strong digital trends to new record highs. Meanwhile,...
The last week of earnings featured mixed results from technology companies and optimism from two prominent travel companies. Cruise-ship operator Royal Caribbean (RCL) and hotel giant Marriott (MAR) predicted demand will continue to recover as the U.S. economy reopens...
Just how quickly is the economy recovering from coronavirus? Rail traffic gave a potentially hopeful sign yesterday. U.S. trains moved 497,397 carloads last week, according to the Association of American Railroads. It was the highest number since the last week of...
The coronavirus pandemic might have caused a recession. But it's also driving growth at companies like Walt Disney and Square. DIS is the most prominent company that reported earnings this week. The health crisis predictably weighed on its backward-looking results....
Some new trends are emerging as the market potentially looks for the coronavirus pandemic to ease. Small caps, industrials and retailers are showing signs of relative strength so far in August -- a big change from last month. Those sectors have lagged since the crisis...
The most important week of earnings season is over, with giant technology stocks like Apple and Amazon.com more than satisfying Wall Street's lofty expectations. Both companies shot past expectations thanks to strong demand and shining execution of their business...