Month: August 2020

Stock futures flat after S&P 500 and Dow notch best August since 1980s

spike 6 months ago

A man walks past the Wall Street Charging Bull in New York, the United States, March 24, 2020.

Wang Ying | Xinhua News Agency | Getty Images

Stock futures were flat in overnight trading on Monday after Wall Street notched its fifth consecutive month of gains.

Futures on the Dow Jones Industrial Average fell about 20 points. The S&P 500 futures and the Nasdaq 100 futures were both little changed.

Shares of Zoom Video jumped more than 17% during extended trading after reporting another blowout quarter. The video conferencing company’s revenue more than quadrupled in the fiscal second quarter compared

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New Jersey permitted to reopen movie theaters Friday

spike 6 months ago

A movie theater marquee in Cranford, New Jersey.

Kirkikis | iStock Editorial | Getty Images

New Jersey Gov. Phil Murphy on Monday gave permission to movie theaters in the state to reopen at a limited capacity on Friday.

In order to reopen, theaters must require masks, implement social distancing guidelines when it comes to seating and can operate at only 25% capacity, up to 150 people.

Patrons who purchase tickets together may be seated next to each other, but separate groups must be separated by at least six feet.

New Jersey was one of only four states that had not

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Zoom Video, Eastman Kodak, Tesla & more

spike 6 months ago

Zoom founder Eric Yuan poses in front of the Nasdaq building as the screen shows the logo of the video-conferencing software company Zoom after the opening bell ceremony on April 18, 2019 in New York City.

Kena Betancur | Getty Images

Check out the companies making headlines after the bell: 

Zoom Video — Shares of Zoom Video jumped more than 9% after reporting another blowout quarter. The video conferencing company said its revenue more than quadrupled in the fiscal second quarter compared to a year ago. Its earnings came in at 92 cents per share, easily beating analyst expectations

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House panel opens probe of White House trade advisor Navarro after cancellation of ventilator contract

spike 6 months ago

A House oversight subcommittee has opened a probe of all federal contracts negotiated by White House trade advisor Peter Navarro after the Trump administration abruptly canceled the bulk of a $646 million ventilator contract with Royal Philips, Rep. Raja Krishnamoorthi, D-Ill., told CNBC on Monday.

Krishnamoorthi, chairman of the Subcommittee on Economic and Consumer Policy, said the panel is looking into Navarro as part of an ongoing investigation into contracts awarded by the Trump administration related to the coronavirus pandemic.

“Under the management of Peter Navarro, Senior Advisor to President Trump, the administration was taken advantage of by Philips Respironics

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