Day: September 16, 2020

Stock futures are flat after Fed signals no rate hikes until 2023

spike 1 year ago

Julius Shakari, from California in full PPE gear, takes photos with his friend in front of the Charging Bull, sometimes referred to as the Wall Street Bull, a bronze sculpture in the Financial District of Manhattan New York May 19, 2020.

Timothy A. Clary | AFP | Getty Images

U.S. stock futures were flat on Wednesday night as traders digested the Federal Reserve’s pledge to keep rates low over the next few years.

Dow Jones Industrial Average traded 6 points lower, or 0.02{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f}. S&P 500 and Nasdaq 100 futures were also marginally lower. 

Members of the Federal Open Market Committee

… Read More

Herman Miller, iRobot & more

spike 1 year ago

Brian Walker, CEO, Herman Miller

Scott Mlyn | CNBC

Check out the companies making headlines after hours Wednesday:

Herman Miller — Shares of the office furniture builder jumped more than 14{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f} on the back of better-than-expected results for the previous quarter. Herman Miller reported adjusted earnings per share of $1.24. Analysts polled by FactSet expected a profit of just 26 cents per share. Revenue was also stronger than expected at $626.8 million. The company also reestablished its quarterly dividend.

iRobot — The Roomba-maker’s stock climbed more than 3{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f} after the company disclosed the resignation of Chief R&D Officer Tim Saeger.

… Read More

WHO doesn’t recommend coronavirus passports, because immunity remains questionable

spike 1 year ago

An airport employee checks the passports of a couple of passengers who prepare to board a United Airlines flight with at Toncontin International Airport as international flights restarted operating after five months of suspension due to the new coronavirus pandemic in Tegucigalpa on August 17, 2020.

Orlando Sierra | AFP | Getty Images

A World Health Organization official said Wednesday that the international agency does not recommend countries issue so-called immunity passports for the coronavirus, because scientists are still unsure whether Covid-19 antibodies reduce the risk of reinfection. 

Earlier in the pandemic, some countries said they would issue passports or

… Read More

Universal could tap into AMC deal as it moves Croods 2 to Thanksgiving

spike 1 year ago

Still from Dreamworks’ “The Croods.”

Dreamworks

Universal Studios is pushing up the date of its animated family film “The Croods: A New Age” to Thanksgiving. The studio will now debut the film on Nov. 25, the day before Thanksgiving, instead of Dec. 23.

The second “Croods” film will follow the prehistoric family voiced by Nicholas Cage, Emma Stone, Catherine Keener and Ryan Reynolds, as they search for a safe place to call home. The family discovers a walled-in paradise that is already inhabited by another family called the Bettermans. 

Tensions escalate between the families, but those differences will have to

… Read More