Stocks making the biggest moves premarket: General Mills, FedEx, Adobe and more

Check out the companies making headlines in the premarket. General Mills — Shares of General Mills added 1.7% in the premarket after the food company reported better-than-expected quarterly earnings. General Mills posted adjusted earnings of 99 cents per share compared with the analyst consensus of 89 cents per share, according…

Singapore’s daily Covid cases breach 1,000 over the weekend — first time since April 2020

People wearing face masks as a preventive measure against the spread of Covid-19 in Singapore. Maverick Asio | SOPA Images | LightRocket | Getty Images SINGAPORE — Singapore reported more than 1,000 Covid cases for two straight days over the weekend —the first time infections breached that level since April…

Top Wall Street analysts believe these stocks are poised for upside

An Amazon worker delivers packages amid the coronavirus disease (COVID-19) outbreak in Denver, Colorado, April 22, 2020. Kevin Mohatt | Reuters Though the markets are off from their highs, analysts believe that several companies still have room to grow. Innovations in point-of-sale technology, acquisitions of buy now, pay later firms,…

After years of being ‘squeaky clean,’ the Federal Reserve is surrounded by controversy

The Marriner S. Eccles Federal Reserve building in Washington, D.C., on Friday, Sept. 17, 2021. Stefani Reynolds | Bloomberg | Getty Images The Federal Reserve has a big meeting on tap next week, one that will be held under the cloud of an ethical dilemma and will be run by…

Former Theranos scientist says Elizabeth Holmes pushed her to validate tests for Walgreens rollout

Elizabeth Holmes, CEO of Theranos, attends a panel discussion during the Clinton Global Initiative’s annual meeting in New York, September 29, 2015. Brendan McDermid | Reuters SAN JOSE, CALIF. – A former Theranos scientist testified Friday that Elizabeth Holmes pressured her to validate blood test results from the company’s Edison…

China’s embattled developer Evergrande is on the brink of default. Here’s why it matters

Chinese property giant Evergrande is on the brink of collapse, and analysts warn the potential fallout could have far-reaching implications that spill outside China’s borders. “Evergrande’s collapse would be the biggest test that China’s financial system has faced in years,” says Mark Williams, chief Asia economist at Capital Economics. Here’s…

Why digital retail darlings Warby Parker and Allbirds are betting big on stores to grow ahead of public debuts

A Warby Parker’s store in The Standard, Los Angeles, California. Michael Buckner | Getty Images Retail darlings Warby Parker and Allbirds launched on the internet and paved the way for other brands to follow their playbooks and hope for similar success. Now, they’re betting big on real estate — not…

Inflation, a labor crunch and the delta variant pressure restaurants heading into fall, survey finds

Restaurants around the county were looking ahead to the economy’s reopening over the last few months, as Covid vaccines became more widespread and pent-up consumer demand was palpable. But headwinds from supply chain disruptions to a labor shortage and rising costs are hitting the industry as the contagious delta variant…

JPMorgan downgrades Chevron, citing ramp-up in clean energy spending

Journalists are reflected in the sunglasses of drilling site manager Greg Murphy during a media day at Chevron’s site in Pungesti, Romania, April 8, 2014. Bogdan Cristel | Reuters Chevron’s plans to increase its clean energy spending could hold the stock back over the next year, according to JPMorgan. Source…

Consumer prices post smaller-than-expected increase in August

Prices for an array of consumer goods rose less than expected in August in a sign that inflation may be starting to cool, the Labor Department reported Tuesday. The consumer price index, which measures a basket of common products as well as various energy goods, increased 5.3% from a year…