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Stocks making the biggest moves after the bell: Costco, Gap, Broadcom & more

Stocks making the biggest moves after the bell: Costco, Gap, Broadcom & more
A shopper wearing a protective mask checks out at a Costco store in San Francisco, California, on Wednesday, March 3, 2021. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines after the bell on Thursday: Costco – Costco shares fell 1.3% after...

Stock futures are flat after a steep sell-off on Wall Street amid surging bond yields

Stock futures are flat after a steep sell-off on Wall Street amid surging bond yields
Traders on the floor of the New York Stock Exchange Source: NYSE Stock futures were flat in overnight trading Thursday following a tech-led rout on Wall Street amid a surge in bond yields. Futures on the Dow Jones Industrial Average rose just 30 points, while S&P 500...

Morgan Stanley raises GE target to $17, a high among Wall Street banks

Morgan Stanley raises GE target to $17, a high among Wall Street banks
Morgan Stanley is now the biggest General Electric bull on Wall Street after analyst Josh Pokrzywinski raised his target on the stock to $17 on Thursday, up from his prior forecast of $13. Shares of GE briefly topped $14 per share after the markets opened...

Fed Chairman Powell says economic reopening could cause inflation to pick up temporarily

Fed Chairman Powell says economic reopening could cause inflation to pick up temporarily
Federal Reserve Chairman Jerome Powell said Thursday that he expects some inflationary pressures in the time ahead but they likely won't be enough to spur the central bank to hike interest rates. "We expect that as the economy reopens and hopefully picks up, we will...

SPACs are becoming less of a sure thing as the deals get stranger, shares roll over

SPACs are becoming less of a sure thing as the deals get stranger, shares roll over
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 31, 2018. Brendan McDermid | Reuters Things are getting weird in the sizzling SPAC market. A leisure SPAC is now doing a biotech deal, while a cannabis blank-check company...

Weekly jobless claims rise less than expected despite weather impact

Weekly jobless claims rise less than expected despite weather impact
Weekly jobless claims edged higher last week but rose less than expected for an economy struggling to shake off impacts from a pandemic that has been around now for nearly a year. The Labor Department reported first-time filings for unemployment insurance in the week ended...

Watch UK Finance Minister Rishi Sunak announcing the country’s 2021 budget

Watch UK Finance Minister Rishi Sunak announcing the country's 2021 budget
British Finance Minister Rishi Sunak is announcing the government's public spending plans for the year. Prime Minister Boris Johnson's government embarked upon unprecedented fiscal stimulus last year as the economy was hammered by the coronavirus pandemic, suffering its sharpest contraction in more than 300 years. The...

Stocks making the biggest moves in the premarket: Lyft, Las Vegas Sands, Wendy’s & more

Stocks making the biggest moves in the premarket: Lyft, Las Vegas Sands, Wendy's & more
Take a look at some of the biggest movers in the premarket: Lyft (LYFT) – The ride-hailing company said that last week saw the highest level of ride volume since the pandemic took hold last March. As a result, Lyft expects to report a smaller...

ESG investments surged in Asia-Pacific in 2020 as sustainable investing takes off, MSCI survey finds

ESG investments surged in Asia-Pacific in 2020 as sustainable investing takes off, MSCI survey finds
Chinese tourists wear masks as protection from the pollution outside the Forbidden City during a day of high pollution in Beijing, China. Getty Images Sustainable investing is taking off in Asia-Pacific as institutional investors accelerated their environmental, social and governance (ESG) investments during the coronavirus pandemic...