A slew of economic reports will keep investors busy Wednesday ahead of the Thanksgiving holiday.The October data durable goods orders are scheduled to be released ahead of the market open, while personal income and spending reports plus pending home sales data for October will be released shortly after the opening bell. The Federal Reserve’s latest Beige Book is expected in the...
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Two weeks after its glitch-filled launch, Disney+ is averaging nearly a million new subscribers a day, new data shows.The $6.99-per-month streaming service’s mobile app has been downloaded 15.5 million times, according to numbers from research firm Apptopia. And people are forking over money to use the service rather than just ride the wave of its free trial, the data shows.The new streaming...
Continue reading >>In recent days, Kohl’s (KSS) plummeted lower on poor earnings and guidance. EPS of 74 cents missed estimates for 86 cents. Revenue of $4.36 billion also missed expectations for $4.4 billion. Same-store sales growth of 0.4% was below estimates for 0.8%. Kohl’s expects to earn an adjusted $4.75 to $4.95 per share for fiscal 2019, compared with a previous range of $5.15 to $5.45. Analysts...
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U.S. markets slumped on Tuesday following news China is threatening retaliation following the Senate's passage of a bill expressing support for Hong Kong's autonomy. The House will vote on the measure, which weighed on market sentiment, and could complicate trade talks with China.Mixed numbers from the Retail sector was also a drag as the 3Q earnings season continues to wind down. The major...
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