Check out the companies making headlines in midday trading. Tesla — Shares of the electric vehicle company jumped more than 1% to a new all-time high ahead of Tesla’s inclusion in the S&P 500. The stock will be added to the benchmark index before the opening bell on Monday based …
Read More »Dick’s Sporting Goods picks Instacart for same-day delivery
Mannequins stand next to merchandise displayed for sale at a Dick’s Sporting Goods Inc. store in West Nyack, New York. Craig Warga | Bloomberg | Getty Images Dick’s Sporting Goods is teaming with Instacart to offer same-day delivery from more than 150 stores, in states including Georgia, Maryland, New Jersey, …
Read More »5 things to know before the stock market opens December 18, 2020
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street set for a steady open after Dow, S&P 500, Nasdaq closed at records U.S. stock futures were little changed Friday, with Wall Street wondering whether Capitol Hill can deliver a …
Read More »FedEx, United States Steel, Scholastic & more
Check out the companies making headlines in after hours trading. FedEx — Shares of the shipper slid more than 3% in after hours trading despite FedEx beating top and bottom line estimates during the second quarter. For the period the company earned $4.83 excluding items, on $20.56 billion in revenue. …
Read More »FedEx (FDX) earnings Q2 2021
A FedEx worker unloads packages from his delivery truck on March 31, 2020 in Washington, DC. Drew Angerer | Getty Images News FedEx generated better-than-expected profits and revenue during its most recent quarter as the coronavirus pandemic continues to bolster high volume of U.S. and international package deliveries, the company …
Read More »150 million people to shop Saturday before Christmas
People look at the holiday decorations in the window displays at the Country store on Main Street in Stockbridge, Massachusetts on December 13, 2020. Joseph Prezioso | AFP | Getty Images Procrastinators still abound this holiday season, a new survey finds, despite retailers ranging from Target to Best Buy trying …
Read More »United Airlines starts flying Pfizer vaccine on U.S. passenger flights
United is the first commercial airline to fly the first FDA-authorized COVID-19 vaccines to the U.S. thanks to a coordinated effort between cargo, safety, technical operations, flight operations and several other teams at United. On behalf of Pfizer, United operated five cargo-only flights in early December delivering COVID-19 vaccines from …
Read More »Here’s why it might be too late to order your holiday gifts online
Amazon.com Inc. packages sit in front of a FedEx Corp. delivery truck in New York. Christopher Lee | Bloomberg | Getty Images Haven’t ordered all of your holiday gifts, yet, and thinking about buying online? You might want to think again. If it was any other year, shoppers typically have …
Read More »U.S. plans to ship 6 million Moderna doses once FDA gives OK
This creative image taken in a studio in Paris on November 16, 2020, showing a syringe and a vaccine vial with the reproducted logo of a US biotech firm Moderna, illustrates the announcement of an experimental vaccine against Covid-19 from Moderna that would be nearly 95% effective, marking a second …
Read More »U.S. administers first shots of Pfizer’s Covid vaccine, launching a historic rollout
Sandra Lindsay, a nurse at Long Island Jewish Medical Center, is inoculated with the coronavirus disease (COVID-19) vaccine by Dr. Michelle Chester from Northwell Health at Long Island Jewish Medical Center in New Hyde Park, New York, U.S., December 14, 2020. Mark Lennihan | Reuters The United States on Monday …
Read More »American Airlines flies its first coronavirus vaccines to Miami as industry hopes for a recovery
American Airlines Boing 777-300 wide-body aircraft as seen on final approach over the houses of Myrtle Ave, for landing at London Heathrow LHR EGLL International airport in England, UK. The B777 airplane has the registration N718AN and is powered by 2x GE jet engines. American Airlines AA AAL is the …
Read More »Pfizer’s CEO hasn’t gotten his Covid vaccine yet, saying he doesn’t want to cut in line
Pfizer CEO Albert Bourla hasn’t received his company’s Covid-19 vaccine shot yet, saying Monday he and other executives will not “cut the line” as U.S. officials kick off a massive effort to distribute the vaccine across the country. The vaccine, which Pfizer developed in partnership with Germany-based BioNTech, is the …
Read More »How and when will I get it?
The first Covid vaccine has just been cleared for emergency use in the U.S. Late Friday, the Food and Drug Administration authorized the Pfizer-BioNTech coronavirus inoculation for distribution across the country. Within hours, FedEx and United Parcel Service will begin shipping 2.9 million doses of the vaccine from Pfizer plants …
Read More »This is the time to speculate
With a Covid-19 vaccine use authorization from U.S. drug regulators imminent, CNBC’s Jim Cramer said Friday the time is ripe to take on some risk in the market. “If you want to speculate, this is the time to do it, just speculate wisely,” the “Mad Money” host said. “You’ve got …
Read More »Walgreens may begin Covid vaccinations at nursing homes before Christmas
A pharmacist helps a customer at a Walgreens pharmacy in Wheeling, Illinois. Getty Images Walgreens said it expects to get its first doses of the Covid-19 vaccine on Dec. 21 and start giving shots to nursing home residents and staff members in the days leading up to Christmas. The national …
Read More »GPS tracking, priority landing for coronavirus vaccines, FedEx, UPS say
Wesley Wheeler, President of Global Healthcare at United Parcel Service (UPS), holds up a sample of the vial that will be used to transport the Pfizer COVID-19 vaccine as he testifies during a Senate Commerce, Science, and Transportation Subcommittee hearing on the logistics of transporting a COVID-19 vaccine on December …
Read More »Dry ice sales skyrocket as hospitals prepare to deliver shots
The ultra-cold temperatures required for storing the Covid-19 vaccine developed by U.S. pharmaceutical giant Pfizer and Germany-based BioNTech has driven a buying frenzy for freezers and dry ice. However, large-scale freezers units are expensive — and with hospital budgets already strained during the pandemic, dry ice has emerged as the …
Read More »Stitch Fix, Boeing, Raytheon, Pfizer, QuantumScape
Katrina Lake, co-founder and chief executive officer of Stitch Fix Inc. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines midday Tuesday: Stitch Fix — Shares of the clothing subscription service soared 45% after the company beat top and bottom-line estimates during its fiscal first-quarter …
Read More »5 things to know before the stock market opens December 8, 2020
Here’s the most important news, trends and analysis that investors need to start their trading day: 1. Dow set to drop for second day after Friday’s record Traders work on the floor of the New York Stock Exchange. NYSE The Dow was set to drop about 100 points at Tuesday’s …
Read More »America needs more warehouses to handle record holiday returns: CBRE
With a record amount of returns projected to flow back to retailers this holiday season and in the coming years, the United States is going to need more warehouse space to handle them, according to a new report. As much as $70.5 billion worth of holiday purchases this year are …
Read More »Zoom Video, Nikola, Tesla and more
Zoom Video Communications Inc. founder and CEO Eric Yuan at the company’s IPO at Nasdaq MarketSite in New York, April 18, 2019. Victor J. Blue | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Zoom Video – Shares dropped 15.1% as investors digested signs that …
Read More »Time to test the limits of e-commerce
An employee wearing a protective mask scans a package at an Amazon.com Inc. fulfillment center in Kegworth, U.K., on Monday, Oct. 12, 2020. Chris Ratclifre | Bloomberg | Getty Images Cyber Monday will put retail websites and warehouses to their biggest test yet. The industry is bracing for what is …
Read More »White House transition could complicate vaccine distribution
A syringe is seen by the logo of Pfizer’s headquarter in Manhattan, New York City, United States on November 19, 2020. Tayfun Coskun | Anadolu Agency | Getty Images CNBC’s Jim Cramer on Monday gave a forecast of how he projects that the complex coronavirus vaccine distribution process will turn …
Read More »Retailers try to make returning online purchases easier
Shoppers walk through the King of Prussia mall in King of Prussia, Pennsylvania. Jennah Moon | Bloomberg | Getty Images First comes the holiday season, then the flood of returns. With e-commerce sales exploding during the coronavirus pandemic, retailers may see more returns than ever before. After all, shoppers do not …
Read More »Jim Cramer’s 5 stock plays for the vaccine distribution pipeline
After Wall Street welcomed more positive data from a biotech firm working on a coronavirus vaccine Monday, CNBC’s Jim Cramer turned his attention to investment opportunities linked to the vaccine distribution pipeline. “Now that the vaccine developers are approaching the finishing line, distributing this thing is priority number one,” the …
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