Thursday, 4 March 2021

GameStop, AMC both spike before paring gains

GameStop, AMC both spike before paring gains

Shares in Reddit-darling GameStop climbed to a session high of $147.87 as volume spiked on Thursday afternoon and the video game retailer's stock was last up 4.5% after paring some gains.

Broadcom shares fall as chip sales disappoint

Shares of Broadcom Inc fell slightly on Thursday after the company reported chip sales slightly below Wall Street estimates, joining a growing list of chip industry peers hit by the global semiconductor shortage.

Pushed out by pandemic, women struggle to regain footing in U.S. job market

Katy McAvoy hoped she would have more time for her job search after her 5-year-old daughter started in-person kindergarten in mid-November after months of virtual learning due to the pandemic.

Huawei CFO should appeal to Canada justice minister, not court, prosecutor says

Canadian prosecutors told a court on Thursday that a judge was not best-placed to decide whether national security and geopolitical concerns can be used to strike down the request by the United States to extradite Huawei Chief Financial Officer Meng Wanzhou.

Gap projects sales growth in fiscal 2021

Gap Inc forecast a return to sales growth this year after struggling due to the COVID-19 pandemic for months, betting on the strength of its Old Navy brand and as the roll-out of vaccines is expected to bring customers back to stores.

Wall Street slumps on Fed remarks, bond scare

Wall Street slumped on Thursday and global stock markets declined after U.S. Federal Reserve Chair Jerome Powell repeated his pledge to keep credit flowing until Americans are back to work, rebutting investors who have openly doubted he can stick to that promise once the pandemic passes.

U.S. Senate votes to begin debate on Biden COVID-19 relief bill

The U.S. Senate voted on Thursday to take up President Joe Biden's $1.9 trillion coronavirus aid bill, setting up what is likely to be a contentious, days-long debate over the merits of the sweeping package.

Costco beats quarterly revenue estimates on pandemic boost

Membership-only retail chain Costco Wholesale Corp beat analysts' estimates for second-quarter revenue on Thursday, as people stuck at home spent more on frozen foods, liquor and electronic products.

Nasdaq ends sharply lower after Powell comments

Wall Street ended sharply lower on Thursday, leaving the Nasdaq down nearly 10% from its February record high, after remarks from Federal Reserve Chair Jerome Powell disappointed investors worried about rising longer-term U.S. bond yields.

Nasdaq ends sharply lower after Powell comments

Wall Street ended sharply lower on Thursday, leaving the Nasdaq down nearly 10% from its February record high, after remarks from Federal Reserve Chair Jerome Powell disappointed investors worried about rising longer-term U.S. bond yields.

Related Videos

Bond scares linger, investors look to Powell

ByteDance developing Clubhouse-like app - sources

IBM_Security_Shield_1Q21_Reuters_Thumbnail.png
Sponsored by IBM: IBM Security Solutions

Explore the cybersecurity solutions behind the shield to help you put security everywhere

LEARN MORE