Tag: Coronavirus: Business

Why golf club-maker Callaway is moving away from the fairway

With a record number of new golfers teeing off in 2020, Callaway, the maker of golf balls, clubs, bags and apparel, has been thriving. Callaway announced in May first-quarter net revenue of $652 million, a 47% increase from a year earlier. “Callaway pre-Covid was already the number one brand in sticks, I call it, which […]

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Pros are changing up their portfolios due to the unexpected decline in rates. How they’re playing it

Traders on the floor of the New York Stock Exchange. Source: NYSE Technology and growth stocks are back in favor with some investors, and the trend has been helped by a surprise drop in bond yields. The 10-year Treasury yield was at 1.46% Friday, after touching 1.43% Thursday, its lowest level since March 3. Yields […]

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A big jobs report looms in the week ahead, as markets enter the often-weak month of June

A trader works on the floor of the New York Stock Exchange. NYSE May’s employment report is the big event in the week ahead, as stocks enter the often weak month of June. Stocks are finishing May with a mixed performance. Big cap indexes like the S&P 500 and Dow notched gains. The S&P rose […]

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Walmart drops store mask requirement for customers, employees who are fully vaccinated

Exterior view of a Walmart store on August 23, 2020 in North Bergen, New Jersey. Walmart saw its profits jump in latest quarter as e-commerce sales surged during the coronavirus pandemic. VIEW press | Corbis News | Getty Images Walmart said Friday that customers who are fully vaccinated against Covid-19 will not need to wear […]

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Taxes and inflation will be key themes for markets in the week ahead

Traders on the floor of the New York Stock Exchange. Source: NYSE The final week of April is going to be a busy one for markets with a Federal Reserve meeting and a deluge of earnings news. Hot topics in markets will continue to be inflation and taxes. President Joe Biden is expected to detail […]

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Chipotle earnings smash estimates as online sales overtake in-person orders

A person wearing a protective mask and gloves exits a Chipotle restaurant in San Francisco, California, April 19, 2021. David Paul Morris | Bloomberg | Getty Images Chipotle Mexican Grill is hanging on to recent gains in digital sales as its online orders overtook those made inside its restaurants for the first time. First-quarter earnings […]

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Florida sues CDC to allow cruises to resume U.S. sailings, industry pushes for better treatment

Maiden voyage of the Symphony of the Seas, the world’s biggest cruise ship delivered by STX shipyards in Saint-Nazaire to the American ship-owner Royal Caribbean cruise Ltd (RCCL). Andia | Universal Images Group | Getty Images Florida Governor Ron DeSantis¬†announced on Thursday that the state will be filing a lawsuit against the Centers for Disease […]

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Stitch Fix swings to a quarterly loss and softens outlook on shipping delays; shares plunge

Katrina Lake, CEO of Stitch Fix Adam Jeffery | CNBC Stitch Fix on Monday reported a narrower-than-expected loss for its latest quarter, but the company missed analysts’ expectations for revenue and outlook as shipping delays and lower customer spend ate into sales. The stock plunged 20% in extended trading. The styling service lowered its revenue […]

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More restaurant jobs and the stimulus package foreshadow the industry’s coming recovery

Restaurants and bars gained 286,000 workers in February following several months of losing jobs, the latest sign that the industry’s recovery is on the horizon after a long, cold winter. Freezing temperatures, coupled with a resurgence of new Covid-19 cases, hurt eateries at the end of 2020 and into the new year. “So far in […]

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Home Depot tops estimates as sales surge 25%, but shares fall on worries pandemic gains won’t last

Home Depot‘s fourth-quarter earnings surged past investors’ expectations as consumers poured more money into home improvement due to the pandemic and strength of the real estate market. Shares were down more than 5% early Tuesday, after the company did not provide an outlook for the year in its earnings report. Chief Financial Officer Richard McPhail […]

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