The co-founder of the Case-Shiller 澳门拉斯维加斯app下载home price index says that the coronavirus pandemic poses significant risk to urban real estate.
‘Although we are separated, we are good friends and I try to look out for her in any way that I can. We filed in February and, shortly thereafter, the pandemic hit.’
PVH Corp. undefined, the parent company of Calvin Klein, Tommy Hilfiger, and Heritage Brands, on Tuesday said it plans to streamline its North American operations because of the COVID-19 pandemic. Those plans include exiting 162 outlet stores for Heritage Brands Retail and shaving its North American office workforce by 450 jobs, or 12%. The reductions are across all three brand businesses and corporate functions, which should result in annual cost savings of about $80 million. The Heritage Brands Retail stores are expected to operate through mid-2021. Shares of PVH are down 56% this year, while the broader S&P 500 index undefined is down 1%.
Stanley Black & Decker Inc. undefined said late Tuesday its board approved an increase in the company's dividend. Stanley Black & Decker's board raised the quarterly dividend to 70 cents a share from 69 cents a share. The dividend is payable on Sept. 15 to shareholders of record on Sept. 1. Shares of Stanley Black & Decker were flat after hours, following a 3.1% rise to close Tuesday's regular session at $146.43.
UBS analyst Eric Sheridan downgraded Netflix Inc.'s stock undefined to neutral from buy Tuesday, writing that while the company looks poised to report a strong June quarter as it continued to benefit from COVID-19 lockdowns, investors seem to have already priced in these benefits to Netflix's shares. The stock is down 1.7% in premarket trading Tuesday. "Unlike prior periods over the last few months (with debates centered around competition with Disney, balance sheet vs. free-cash flow generation, content costs/competition), investor fears seem to have disappeared and the current stock price increasingly reflects many of the long-term business moat dynamics including sustained growth in users/revs and steady state margin expansion," Sheridan said in his note to clients. He sees tough subscriber comparisons ahead for the company next year and wrote that he "would rather be constructive at levels when a mix of potential subscriber volatility, FCF dynamics & competition are better reflected in the share price." Sheridan kept his $535 price target unchanged. Netflix shares have rallied 26% in the past month as the S&P 500 undefined has risen about 4%.
The American Petroleum Institute reported late Tuesday that U.S. crude supplies fell by 8.3 million barrels for the week ended July 10, according to sources. The API data also reportedly showed gasoline stockpiles down by 3.6 million barrels, while distillate inventories climbed by 3 million barrels. Crude stocks at the Cushing, Okla., storage hub, meanwhile, edged up by 548,000 barrels for the week, sources said. Inventory data from the Energy Information Administration will be released Wednesday. The EIA data are expected to show crude inventories declined by 2.1 million barrels last week, according to analysts polled by S&P Global Platts. They also forecast supply a declines of 2 million barrels for gasoline and an increase of 1.1 million barrels for distillate inventories. August West Texas Intermediate crude undefined was at $40.51 a barrel in electronic trading. It settled Tuesday at $40.29 on the New York Mercantile Exchange.
Investors were weighing better-than-expected earnings results from big U.S. banks and improving consumer prices, with concerns that the coronavirus...
U.S. stocks finished sharply higher Tuesday, and the Dow industrials notched a third straight gain, powered by a rally in energy and materials shar...
Oil futures finished slightly higher on Tuesday, with traders awaiting outcome of Wednesday's OPEC+ Joint Ministerial Monitoring Committee meeting ...
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President Donald Trump on Tuesday said he signed a China sanctions bill targeting Beijing's crackdown in Hong Kong, as well as an executive order to hold China accountable for "oppressive actions" against the former Britis...
The Financial Stability Oversight Council said Tuesday that it will begin a review of the secondary mortgage market. The evaluation will determine what risks activities in the secondary mortgage market pose to the stabilit...
U.S. investors, who been running up equity market values, have been right, at least so far, said St. Louis Fed President James Bullard on Tuesday. ...
The Trump administration is rescinding its rule that would bar international students from the U.S. if all of their coursework is online this fall,...
Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, visited the White House on Monday after the Trump administration criticized him amid a surge in coronavirus cases in the U.S.
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Shares of Redfin Corp. dropped 1.1% in midday trading Monday, after BofA Securities analyst Nat Schindler turned bearish on the real estate broker...