Day: August 13, 2020

Stock futures open flat as S&P 500 struggles to reach February record high

spike 7 months ago

A jogger passes in front of the New York Stock Exchange (NYSE) in New York, on June 17, 2020.

Michael Nagel | Bloomberg | Getty Images

U.S. stock futures were flat on Thursday night after the S&P 500 failed once again to reach its record high from February.

Dow Jones Industrial Average futures were up just 20 points, or 0.1%. S&P 500 and Nasdaq 100 futures traded marginally higher as well. 

The S&P closed the regular session down 0.2%. Earlier in the day, it briefly traded above its record closing high of 3,386.15. The gyrations between gains and losses through

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Applied Materials, Baidu & more

spike 7 months ago

Technicians work on machinery at the Applied Materials facility in Santa Clara, California.

David Paul Morris | Bloomberg | Getty Images

Check out the companies making headlines after the bell Thursday:

Applied Materials — Shares of Applied Materials rose 1.2% in after-hours trading on the back of fiscal third-quarter results that beat analyst expectations. The company reported earnings per share of $1.06 on revenue of $4.4 billion. Analysts polled by Refinitiv expected a profit of 95 cents per share on revenue of $4.18 billion. “By addressing our customers’ highest value problems, Applied is outperforming today and is positioned to grow

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Biden looks to former Fed Chair Yellen for economic advice

spike 7 months ago

Janet Yellen

Scott Mlyn | CNBC

Joe Biden is seeking advice from former Federal Reserve Chair Janet Yellen, who ran monetary policy while the Democratic nominee served as vice president.

Yellen, now a distinguished fellow at the Brookings Institution, was among a handful of economists who on Thursday briefed Biden about an economy that has been reeling during the five-month coronavirus pandemic, according to the campaign.

Among those joining Yellen were Jared Bernstein, a senior fellow for the Center on Budget and Policy Priorities and who served as Biden’s chief economic advisor from 2009-11; Heather Boushey, president and CEO at

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Brinker expects high delivery, takeout sales to continue post-pandemic

spike 7 months ago

Chili’s parent Brinker International is expecting that customers will order more takeout and delivery in the months and years to come than before the coronavirus pandemic.

“I don’t think that we’ll ever go back to the mix we ran prior,” said Brinker CEO Wyman Roberts, who credited the pandemic for pushing many consumers to try delivery through third-party apps for the first time.

Before the pandemic, only 20% of Brinker’s sales came from takeout and delivery. Roberts said it’s unlikely that number will ever fall that low again, thanks in part to the latest addition to Brinker’s portfolio. 

During the

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