Financial

Stocks making the biggest moves premarket: Tapestry, 3M, Apple

spike 2 hours ago

Check out the companies making headlines before the bell:

Tapestry (TPR) – The company behind the Coach and Kate Spade luxury brands reported an adjusted quarterly loss of 25 cents per share, smaller than the 57-cent loss anticipated by analysts. Revenue was also well above estimates, with e-commerce sales providing a boost even as the pandemic impacted store traffic.

3M (MMM) – 3M reported a 6 percent increase in July sales compared to a year earlier, noting a broad-based improvement in sales trends across its businesses. 3M had said in late July that sales for the month to that point

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Wirecard is finally getting booted from Germany’s blue-chip DAX index

spike 4 hours ago

Wirecard’s logo can be seen on a smartphone held in front of a stock market chart.

Alexander Pohl | NurPhoto | Getty Images

Insolvent payments company Wirecard will finally be ejected from Germany’s benchmark DAX index this month after exchange operator Deutsche Boerse announced a change in its selection rules.

Deutsche Boerse said Thursday that, from Aug. 21, a rule change will be implemented that allows it to remove insolvent companies from the DAX with two trading days’ notice. It added this rule change would apply to Wirecard, “given the current situation.”

Wirecard, once a high-flying tech company, collapsed into

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Lyft, Cisco, Vroom & more

spike 16 hours ago

Cisco logo exhibited during the Mobile World Congress, on February 28, 2019 in Barcelona, Spain.

NurPhoto | Getty Images

Check out the companies making headlines after the bell: 

Cisco Systems — Cisco shares fell more than 6% in after-hours trading despite reporting fiscal fourth-quarter profit and revenues that topped analysts’ expectations. The results, though better than what analysts polled by Refinitiv had anticipated, marked the first annual sales decline in three years. Investors may have positioned to sell the Dow component after Cisco said that it sees first-quarter revenues down 9% to 11% and associated per-share earnings between 41

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Tesla, Roku, Brinker International, Target & more

spike 22 hours ago

Spacex founder Elon Musk celebrates after the successful launch of the SpaceX Falcon 9 rocket with the Crew Dragon spacecraft at the Kennedy Space Center on May 30, 2020 in Cape Canaveral, Florida.

Joe Raedle | Getty Images

Check out the companies making headlines in midday trading. 

Tesla — Shares of the electric carmaker jumped more than 9% after the electric carmaker announced late Tuesday a five-for-one stock split in a move to make its shares more accessible. However, nothing about the security fundamentally changes. The additional shares will be granted on August 28 to all those who hold the

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