Dick’s Sporting Goods on Tuesday announced its current president, Lauren Hobart, is set to succeed Ed Stack as chief executive on Feb. 1. Stack, 65, will transition to executive chairman and remain chief merchant, the company said in a news release. He took over the business from his dad in 1984, when he was then
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UOB Group’s FX Strategists noted EUR/USD could gradually approach to 1.1980 in the next weeks. Key Quotes 24-hour view: “We expected EUR to strengthen yesterday and were of the view that ‘a break of 1.1920 could potentially trigger further buying towards the next resistance at 1.1955’. While EUR cracked 1.1920, there was not much follow-through
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Nasdaq index higher The US remain mixed after record closes in S&P and Dow yesterday. Both those indices are lower. The Nasdaq index is higher. The snapshot of the major indices currently shows: S&P index down 8.91 points or -0.25% at 3626.24 NASDAQ index up 32.27 points or 0.27% at 12068 Dow down -172.72 points or -0.57% at 29876.
CDC data today US coronavirus deaths rose by 1989 yesterday; that’s only about 10% below the April peak. There were 165,282 new cases and that’s a bit of good news because a week earlier cases were at 177,000. All else equal, US cases are likely plateauing but given that today is the biggest travel day
Gold regained momentum on Wednesday following a sharp slide toward the $1,800 pivot in the previous sessions, as an unexpected rise in U.S. jobless claims tempered some of the COVID-19 vaccine-led optimism on Wall Street. Spot gold rose 0.3% to $1,812.66 an ounce at 10:15 a.m. EST (1515 GMT), having hit its lowest since July
Dollar’s sell-off slowed mildly as stocks turned into consolidation ahead of Thanksgiving holiday in the US. But for now, the greenback remains the second worst performing for the week, just next to Yen, followed by Swiss Franc. Commodity currencies are strongest together with Sterling. Mixed economic data from US provided little inspirations to investors. It’s
The pace of first-time filings for jobless claims picked up last week, with the jobs market showing increasing vulnerability to the coronavirus spread. Claims totaled 778,000 for the week ended Nov. 21, ahead of the 733,000 expectation from economists surveyed by Dow Jones and up from 742,000 the previous week. Continuing claims for those collecting
Enrique Lores, CEO, HP Scott Mlyn | CNBC HP shares rose as much as 9% in extended trading on Tuesday after the PC maker reported fiscal fourth-quarter earnings that beat analysts’ estimates and provided an optimistic earnings forecast. Earnings: 62 cents per share, adjusted, vs. 52 cents per share as expected by analysts, according to
USD/JPY is posting modest daily losses on Wednesday. 10-year US Treasury bond yield is down more than 1%. US Dollar Index stays near 92.00 ahead of FOMC Minutes. The USD/JPY pair stayed relatively quiet around 104.50 for the majority of the day and edged modestly lower during the American trading hours. As of writing, the
Russell 2000 closes at a record high as well The Dow, S&P and Russell 2000 all closed at record levels for the day. Moreover, the Dow 30 close above the 30K level for the first time ever. The S&P had the best day in 3 weeks. The final numbers are showing: S&P index up 57.84 points or 1.62% to 3635.42
Daily thread to exchange ideas and to share your thoughts It is a bit of a quiet start and may stay that way until we get to North American trading later today. It will be the last ‘real’ trading day of the week, with thinner liquidity conditions set to overshadow the final two days amid the Thanksgiving
Blockchain technology and staking service provider Bison Trail has announced the launch of its Query and Transactions Clusters, or QT, protocol to help developers build on Facebook’s forthcoming Libra network. Libra QT offers a bridge between Libra’s pre-mainnet and off-chain systems, allowing dedicated off-chain infrastructure to read and write data to the blockchain. According to
NEW DELHI: Gold and silver futures drifted further lower in the morning trade on Wednesday as doubts over government transition in Washington faded, increasing risk appetite. US president-elect Joe Biden moved swiftly to make Cabinet choices after defeating President Donald Trump, who gave the go-ahead for Biden to start receiving daily intelligence briefings, a sign
While vaccine news should be bullish for the oil market, the rally in crude oil price proves short lived. Ahead of next week’s meeting to decide extension of output cuts, a long-term OPEC member, the UAE, reportedly has shown discontent about the output cut deal. There are rumors that the third largest OPEC producer has
A Gap store in New York, August 2, 2020. Scott Mlyn | CNBC Gap Inc. on Tuesday reported fiscal third-quarter earnings that fell short of expectations, as higher spending on marketing offset sales gains at Old Navy and Athleta. Under CEO Sonia Syngal, the retailer has centered investments around new advertising to clearly define each