Check out the companies making headlines before the bell: Macy’s — The retailer reported adjusted earnings per share of 27 cents, well above the expected 14 cents a share. The company’s same-store sales also grew for a fourth straight quarter and Macy’s raised its earnings guidance for the year. Tencent — Tencent reported better-than-expected earnings […]
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A previously secret guilty plea by a former commodity trader at J. P. Morgan Chase, who admitted that he rigged precious metals markets, last week drew the attention of a lawyer who has already accused traders at the nation’s largest bank of similar conduct. The lawyer, David Kovel, told CNBC he was struck by how […]
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Edison International fell 4 percent in premarket trading Monday as wildfires raged in Southern California. The stock closed down 12 percent on Friday at $61 a share. The parent company of public utility Southern California Edison Company took a hit as wildfires left more than 23,000 customers without power in Ventura and Los Angeles counties. […]
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The stock market can “absolutely” go higher even without technology stocks leading the way, Wharton School finance professor Jeremy Siegel told CNBC on Friday. Tech stocks, which have delivered the best returns in recent years, have been hammered lately. October was their worst month since 2008. “We might get surprised by [investors] moving into some […]
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Then-Goldman Sachs CEO Lloyd Blankfein attended a 2009 meeting with the Malaysian financier later accused of plundering billions of dollars from his country’s investment fund, according to a person with knowledge of the situation. Blankfein, who retired as CEO last month, is the unidentified Goldman executive who attended the 2009 meeting in New York referenced […]
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