Day: September 2, 2020

CrowdStrike, Five Below, PVH & more

spike 3 months ago

People walk past the Calvin Klein store at the Woodbury Common Premium Outlets Mall on October 21, 2017 in Central Valley, NY.

Gary Hershorn | Getty Images

Check out the companies making headlines after the bell: 

Five Below — Five Below shares rallied after the close of the regular session Wednesday evening after it said sales accelerated in the second quarter as it reopened stores. Its reopening efforts helped the company post a profit of 53 cents per share versus the 14 cents of income per share expected by FactSet estimates. Sales increased to $426.1 million from $417.4 million

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Robinhood is reportedly under SEC investigation, could pay $10 million fine

spike 3 months ago

Popular trading platform Robinhood is under investigation related to its disclosures around its practice of selling clients’ orders to high-frequency traders, the Wall Street Journal reported Wednesday.

The Securities and Exchange Commission’s probe into the Silicon Valley start-up is at an advanced stage and could result in a fine of more than $10 million if the company agrees to settle, the Journal reported, citing people familiar with the matter.

Selling order flow is not illegal in itself and most brokerages do it. However, more of Robinhood’s overall revenue comes from the practice than other brokers.

Robinhood made $180 million in

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U.S. coronavirus cases ‘unacceptably high’ going into Labor Day

spike 3 months ago

Dr. Anthony Fauci, director of the National Institute for Allergy and Infectious Diseases, testifies at the House Select Subcommittee on the Coronavirus Crisis hearing in Washington, D.C., July 31, 2020.

Kevin Dietsch | Pool via Reuters

White House coronavirus advisor Dr. Anthony Fauci said Wednesday that the number of daily coronavirus cases in the United States is “unacceptably high” heading into the fall season.

The U.S. is seeing roughly 40,000 new cases a day, but it needs to bring infections below 10,000, Fauci said during an interview with MSNBC.

Fauci, director of the National Institute of Allergy and Infectious Diseases,

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Hot asphalt releases harmful air pollutants in cities

spike 3 months ago

Grant Mohn of Las Vegas attempts to fry an egg in the parking area at Badwater Basin, the lowest point in North America at 279 feet below sea level, in Death Valley National Park, California, U.S. August 17, 2020.

David Becker | Reuters

As the world heats up, cities with heat-trapping asphalt and little tree cover have left residents sweltering and breathing in more air pollution.

Asphalt is releasing hazardous air pollutants into communities, especially when hit with extreme heat and sunlight, according to research published in the journal Science Advances on Wednesday. Researchers found that asphalt in California’s South

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