Victoria's Secret parent L Brands (NYSE: LB) showed some of its old zing today when posting its second-quarter results, beating consensus analyst estimates by a large margin on earnings per share (EPS) and a smaller amount in revenues. Despite the ongoing toll of COVID-19 on Q2
The Citigroup (NYSE: C) mistaken-payment saga continued to develop on Wednesday, as the big lender filed two new lawsuits in the dispute, managing to get the amounts at issue frozen. The targets are HPS Investment Partners and Symphony Asset Management, both of which are refusin
The stock market gave investors a small reminder of its capacity for volatility on Wednesday, giving up early gains and closing modestly lower. The move was tiny considering the extent to which the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite have risen to record highs rec
Regeneron's (NASDAQ: REGN) COVID-19 treatment candidate is getting a big boost from Roche (OTC: RHHBY). The two companies announced in a joint press release Wednesday that they are collaborating on the development of the former's REGN-COV2, and will together manufacture and dist
(RTTNews) - Nvidia Corp. (NVDA) on Wednesday reported a second-quarter profit and revenues that trumped Wall Street estimates, as data center business generated more revenues than the company's key gaming business. Looking forward, the company expects its third-quarter revenues
What happened
Shares of Chinese electric-car maker Kandi Technologies (NASDAQ: KNDI) plummeted in Wednesday trading to close 8.8% lower -- then continued to slide in after-market trading. Why?
What happened
Shares of Sorrento Therapeutics (NASDAQ: SRNE) fell on Wednesday after the biopharmaceutical company fired its chief financial officer. By the close of trading, Sorrento's stock was down 9.9%.
(RTTNews) - L Brands Inc. (LB), the parent company of Victoria's Secret brand, Wednesday posted a loss for the second quarter compared to a profit last year, as revenues plunged 20% hurt largely by coronavirus pandemic.
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which
The Nasdaq Composite (NASDAQINDEX: ^IXIC) has been at record levels, but a late afternoon decline prevented the index from hitting a third straight all-time high. The Federal Reserve's release of minutes from a late-July meeting of its monetary policy committee raised concerns a
The latest data on the U.S. housing market looks encouraging even as the number of coronavirus cases continues to spike in the United States. Per the monthly National Association of Home Builders (“NAHB”)/Wells Fargo Housing Market Index (“HMI”), builder confidence for
Wednesday's session ended on a grim note, after the Federal Reserve reminded investors of the threat the pandemic still poses to economic activity, employment, and inflation in its July meeting minutes. The warning put a damper on Wall Street, with all three major indexes cut
(RTTNews) - Synopsys Inc. (SNPS) Wednesday reported a third-quarter profit and revenues that trumped Wall Street analysts' estimates. Moving ahead, the company lifted its full year financial outlook. Shares of the company jumped over 4% in the after hours trade.
In trading on Wednesday, shares of US Bancorp's Series B Non-Cumulative Perpetual Preferred Stock (Symbol: USB.PRH) were yielding above the 4% mark based on its quarterly dividend (annualized to $0.8847), with shares changing hands as low as $22.00 on the day. This compares
In trading on Wednesday, shares of National Storage Affiliates Trust's 6.000% Series A Cumulative Redeemable Preferred Shares of Beneficial Interest (Symbol: NSA.PRA) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.50), with shares changing
What happened
Shares of Vipshop Holdings (NYSE: VIPS) got crushed on Wednesday after the company reported results for the second quarter of 2020. The Chinese e-commerce company did demonstrate revenue growth in Q2. But investors probably expected greater acceleration due to the