Rising interest rates may continue to test the stock market in the week ahead

Traders on the floor of the New York Stock Exchange Source: The New York Stock Exchange The tug-of-war between stocks and rising bond yields could set the tone for the coming week, particularly if positive economic data continues to push Treasury yields higher. Friday’s February employment report is the highlight of the week’s data and […]

Continue Reading

Goldman names the 6 grocery stocks set to rise as they ‘close the gap’ with Amazon

Amazon logo seen displayed on a smartphone. Igor Golovniov | SOPA Images | LightRocket | Getty Images Grocery retailers are set to “close the gap” with Amazon as they develop new revenue streams that could be worth billions, according to Goldman Sachs. While brick-and-mortar stores’ push into e-commerce is costly, there is a “compensating upside” […]

Continue Reading

Best Buy gives pandemic-related bonuses amid company layoffs

People wear protective face masks outside Best Buy in Union Square as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on September 24, 2020 in New York City. Noam Galai | Getty Images Best Buy said it will pay pandemic-related bonuses to all hourly employees and give […]

Continue Reading

Warren Buffett made a slew of stock moves last quarter — Here are the highlights

Warren Buffett during an interview with CNBC’s Becky Quick on February 24, 2020. It turned out to be another year during which the billionaire investor shied away from game-changing acquisitions in a pricey market even after a sudden market cash and as his company holds a massive cash balance. Gerald Miller | CNBC Warren Buffett’s Berkshire […]

Continue Reading

Severe winter storm temporarily shutters hundreds of Walmart stores in Texas, other states

Ice covers trees and bushes outside Walmart during extreme cold weather in Cleveland, Mississippi, February 11, 2021. Rory Doyle | Reuters Hundreds of Walmart stores are temporarily closed as winter weather causes severe ice and power outages in Texas, the Southeast and other parts of the country. The big-box retailer said 456 stores and clubs […]

Continue Reading