Industry News

Macy's Operating Chief Harper to depart, the post will remain vacant amid other leadership changes

Macy's announced management changes as the retailer looks to woo back customers, who have been shopping online and avoiding malls during the pandemic.

Source: Top News and Analysis (pro) | 1 Mar 2021 | 6:09 pm

Stock futures rise after S&P 500 notches best day since June

Futures rose Monday after the S&P 500 rallied more than 2% during regular trading for its best day since June.

Source: Top News and Analysis (pro) | 1 Mar 2021 | 6:02 pm

Real estate brokerage Compass files for IPO amid pandemic boom in housing prices

Compass, which was valued at $6.5 billion in a 2019 financing round, announced plans to go public public and revealed a 56% surge in revenue last year.

Source: Top News and Analysis (pro) | 1 Mar 2021 | 5:53 pm

CDC says J&J Covid vaccine is OK for people who have allergic reaction to Pfizer's or Moderna's

There were 47 reports of severe allergic reactions in those who received Pfizer's vaccine and 19 cases in those who got Moderna's as of Jan. 18, the CDC said.

Source: Top News and Analysis (pro) | 1 Mar 2021 | 5:26 pm

Elizabeth Warren, Bernie Sanders propose 3% wealth tax on billionaires

Sen. Elizabeth Warren, Sen. Bernie Sanders and a slew of other Democrats proposed a 2% tax on wealth above $50 million and a 3% tax on wealth over $1 billion.

Source: Top News and Analysis (pro) | 1 Mar 2021 | 5:18 pm

Nike's North American head Ann Hebert resigns after report reveals ties to a sneaker resale biz

Nike said Monday that the vice president and general manager of its North America division, Ann Hebert, has left the retailer, effect immediately.

Source: Top News and Analysis (pro) | 1 Mar 2021 | 5:12 pm

Apple stock has biggest day since Oct. 12 after Buffett endorsement, stores reopen

The rise comes after Berkshire Hathaway chairman and CEO Warren Buffett said in his letter to investors published this weekend that his firm owns 5.4% of Apple.

Source: Top News and Analysis (pro) | 1 Mar 2021 | 4:14 pm

Zoom pops as company beats expectations and issues strong guidance

Zoom expects to keep the revenue growth coming in the quarters ahead, although it won't be at pandemic levels.

Source: Top News and Analysis (pro) | 1 Mar 2021 | 4:13 pm

Fed policy changes could be coming in response to bond market turmoil, economists say

While the Fed may not raise its benchmark interest rate for years, there are growing expectations it may tweak policy soon.

Source: Top News and Analysis (pro) | 1 Mar 2021 | 3:50 pm

Buffett says bonds are dead — If he’s right, here’s what it means for investors

Warren Buffett is warning investors away from bonds, and strategists say they should listen.

Source: Top News and Analysis (pro) | 1 Mar 2021 | 3:24 pm

Altice USA CEO says cable TV will die and broadband and wireless companies should merge

The CEO of Altice USA, the fourth largest U.S. cable provider by subscribers, says it's only a matter of time before cable TV dies off.

Source: Top News and Analysis (pro) | 1 Mar 2021 | 3:12 pm

New York attorney general warns crypto industry: 'Play by the rules or we will shut you down'

The Empire State's attorney general warned individual investors and crypto industry players of the perils of digital assets.

Source: Top News and Analysis (pro) | 1 Mar 2021 | 1:51 pm

Rocket Lab CEO says SPAC deal is 'a supercharger' for growth and adds ability to launch astronauts

Rocket Lab is going public in the next few months and CEO Peter Beck spoke to CNBC to break down the space company's opportunities from the new cash pile.

Source: Top News and Analysis (pro) | 1 Mar 2021 | 12:51 pm