Today's Business News and Opinion
Earnings season is winding down, but some tech names still have to report.
Among the best personal finance and retirement stories from TheStreet this week: school shopping in uncertain times, keys to a better credit score, and retirement advice
U.S. household debt fell by its biggest margin in seven years in the second quarter. Biogen shares were rising Friday and mortgages rates dropped.
A strong jobs report was part of the picture.
Global capital flowed out of stocks.
Stocks finish mixed as investors parsed a better-than-expected jobs report, continued stimulus talks, and increased U.S.-China tension.
Here are the stories making headlines in sports and business news on Friday, August 7.
Aspen Institute's new report says that the U.S. may be facing the most severe housing crisis in the nation's history.
WeChat parent Tencent and a number of other Chinese tech companies are off sharply after President Trump signed a pair of executive orders.
Takeda will leverage its manufacturing capabilities in Japan to produce Novavax's coronavirus treatment candidate.
The likely scenarios are messy. TheStreet explains.
New York Governor Andrew Cuomo announced a highly-anticipated decision: schools in New York state will reopen for in-person learning.
Uber shares are under pressure on Friday morning after delivering a mixed earnings result. Here's how to trade Uber stock from here.
Tech stocks were dragging down the S&P 500.
Amid the pandemic, with the uncertainty of what school will look like in the fall, the once-reliable shopping season has been upended.
Marketing for back-to-school amid the pandemic is a whole new ballgame.
Pfizer signed a multi-year agreement to produce Gilead Sciences' coronavirus-treatment candidate remdesivir.
The U.S. is imposing sanctions on 11 individuals, including Carrie Lam, over their role in helping facilitate the implementation of Hong Kong's new national security law.
Stamps.com shares surged after its earnings report. The pandemic has kept businesses and consumers reliant on the internet to buy postage.
The online real-estate group Zillow reported that its second-quarter loss widened, but the figure was stronger than analysts had estimated.
The U.S. added nearly 1.8 million nonfarm payrolls in July, according to the Labor Department, down significantly from breakout numbers in June, but still beating Wall Street estimates of 1.48 million.
Falling tech stocks weren't helping markets Friday.
T-Mobile added 1.245 million customers in the second quarter, bringing its total to 98.3 million following its merger with Sprint. But AT&T disputed the claim it had been surpassed.
Headline unemployment fell to 10.2% last month, the Bureau of Labor Statistics said Friday, after the economy added a better-than-expected 1.8 million new jobs despite pandemic-triggered business closures.
Try these ideas to create your personalized to-do list, especially if you have more time than money.
Jim Cramer says this market's full of frenetic bulls, and investors need to hold on tight.
Uber's Eats segment more than doubled last quarter, but lost $232 million on an adjusted basis.
Citing internal discussions, a Buzzfeed report says that Facebook policy employees intervened personally on behalf of right-wing figures and pages.
Risk sentiment was very mixed Thursday.
Total gross bookings missed estimates, with Rides (now called Mobility) bookings down 73% last quarter due to the pandemic.
Groupon revenue falls 26%, but comes in higher than expected.
Results were close to estimates, as rides faltered and delivery impressed.
Datadog topped top- and bottom-line estimates and provided full-year and third quarter guidance that was ahead of analyst estimates.
Risk sentiment, though, was very mixed.
The Nasdaq records its 32nd record high of 2020 while Wall Street awaits word of a stimulus package.
There's one reason for ridesharing and one for Eats.
The 2019 data breach exposed the personal data of more than 100 million Capital One customers.
Roku investors wonder when this one-time growth darling will go on a long run. Here's where support may come into play.
Oak Street Health is planning to raise $300 million as the pandemic continues.
Etsy shares fell even after the online crafts store blew away earnings expectations as consumers stuck at home shopped online.
Investors are undervaluing the positive impact a coronavirus vaccine will have on the markets, said Goldman Sachs analyst Kamakshya Trivedi.
President Donald Trump will sign an executive order requiring the U.S. government to buy "essential" drugs from U.S.-based factories.
Stocks were mixed as the market digested jobless claims and more quarterly results from tech firms.
Shares of Rocket Cos, parent of Quicken Loans, rose after their initial public offering, a smaller-than-expected issuance.
Fastly has been one of the hottest stocks in tech. However, shares are getting hammered on earnings. Here's why and when to buy the dip in FSLY stock.
Microsoft was originally only interested in certain portions of TikTok's operations, but a new report suggests that it has widened the breadth of its interest in the company.
The president will sign an executive order requiring the that federal government purchase certain drugs from U.S. manufacturers.
Revlon shares are down after the cosmetics company reported a wider second-quarter loss on 39% lower revenue.
The airline stocks did get a boost.
Jim Cramer shares stock market news including what stocks he would be buying now, when to buy Disney stock, and the price of the Moderna vaccine.