Stock futures open flat amid positive virus treatment data, debate looms


A pedestrian wearing a face mask looks at a smartphone while passing in front of the New York Stock Exchange (NYSE) in New York, on Monday, July 20, 2020.

Michael Nagle | Bloomberg | Getty Images

U.S. stock futures opened flat on Tuesday night after the release of coronavirus treatment data from Regeneron Pharmaceuticals while traders awaited the first presidential debate. 

Dow Jones Industrial Average futures were down just 39 points, or 0.1{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f}. S&P 500 and Nasdaq 100 futures also slid 0.1{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f}.

After the closing bell, Regeneron said its REGN-COV2 drug reduced viral levels and improved symptoms in non-hospitalized coronavirus

Read More

Stocks making the biggest moves after hours: Micron, Regeneron Pharmaceuticals


Sanjay Mehrota, CEO, Micron

Scott Mlyn | CNBC

Check out the companies making headlines after-hours Tuesday:

Regeneron Pharmaceuticals — The pharmaceutical company said trial data for its coronavirus antibody cocktail showed it reduced “viral levels and improved symptoms in non-hospitalized COVID-19 patients.” Regeneron shares were halted in after-hours trading.

Micron Technology — Micron shares rose more than 1{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f} in after-hours trading after the chip maker reported quarterly results that beat analyst expectations. The company posted a profit of $1.08 per share on revenue of $6.06 billion. Analysts expected earnings per share of $5.89 billion. Micron also issued stronger-than-forecast earnings

Read More

Goldman Sachs CEO shuffles consumer banking, wealth management leaders


David M. Solomon, Chairman and CEO of Goldman Sachs, speaks during the Milken Institute’s 22nd annual Global Conference in Beverly Hills, April 29, 2019

Mike Blake | Reuters

Goldman Sachs CEO David Solomon restructured several of his businesses and named new heads for the bank’s asset management and consumer and wealth management divisions. 

The moves announced Tuesday in company memos made chief strategy officer Stephanie Cohen co-head of the firm’s consumer banking and wealth management division along with Tucker York. Cohen, a rising star within Goldman, will be the first woman to run a division at the New York-based bank

Read More

Consumers to spend 1 billion hours on m-commerce over Holiday season


Global economies are still reeling from the COVID-19 pandemic, and a major consequence is that this year’s holiday season is poised to be very different to those in the past.

App Annie is predicting the biggest Q4 holiday shopping season on m-commerce yet, with nearly 1 billion hours to be spent on Android devices in the US, up 50{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f} YoY

At the crux of these changes are the overwhelming shift to mobile — in retail, this is registered as the boom in couch commerce, or shopping from the (socially distant) comfort of home on your smartphone.

The report puts industry

Read More