Day: August 24, 2020

U.S. stock futures are little changed after the S&P 500’s first close above 3,400

spike 9 months ago

Traders work during the closing bell at the New York Stock Exchange (NYSE) on March 17, 2020 at Wall Street in New York City.

Johannes Eisele | AFP | Getty Images

U.S. stock futures were flat on Monday night after another record-setting session on Wall Street.

Dow Jones Industrial Average futures traded just below the flatline along with S&P 500 and Nasdaq 100 futures. 

During regular trading, the S&P 500 climbed 1% and closed above 3,400 for the first time. Apple also hit an all-time high, leading other tech names higher, while airline and cruise operator stocks jumped amid

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Palo Alto Networks, Portland General Electric & more

spike 9 months ago

People walking along Wall Street in the Financial District of Manhattan on September 03, 2019 in New York City.

Spencer Platt | Getty Images News | Getty Images

Check out the companies making headlines after hours Monday:

Standex International — Shares of the industrial mold manufacturing company rose 0.2% on the back of better-than-expected results for the previous quarter. Standex reported adjusted earnings for the fiscal fourth quarter of 65 cents per share. Analysts polled by FactSet expected a profit of 43 cents per share. “Since the end of April, our end markets have exhibited a gradual increase in the

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LVMH and Tiffany push back deal deadline by 3 months, source says

spike 9 months ago

A man on a delivery bike rides past a closed Tiffany & Co store near Fifth Avenue on March 27, 2020 in New York City.

Angela Weiss | AFP | Getty Images

French luxury goods giant LVMH and U.S. jewelry chain Tiffany will give themselves another three months to complete their $16.2 billion tie-up after the deal did not close on the Aug. 24 date set out in deal documents, a source familiar with the discussions said.

Louis Vuitton owner LVMH agreed last year to buy Tiffany in its biggest acquisition yet, betting it could restore the luster of the

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Powell set to deliver ‘profoundly consequential’ speech, changing how the Fed views inflation

spike 9 months ago

Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a Senate Banking Committee hearing in Washington, D.C., U.S., on Wednesday, Feb. 12, 2020.

Andrew Harrer | Bloomberg | Getty Images

History will remember Paul Volcker and Jerome Powell as standing on the opposite ends of the inflation canyon, with the former taking desperate actions to try to tamp it down and the latter expected this week to announce an unprecedented effort to crank it back up.

Volcker, the Federal Reserve chairman from 1979-87, ushered through a series of inflation-busting interest rate hikes that dragged the country into recession but

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