Stocks making the biggest moves in the premarket: Foot Locker, Beyond Meat, DoorDash & more – CNBC

Take a look at some of the biggest movers in the premarket: Foot Locker (FL) – Foot Locker shares tanked 12.1% in premarket trading after quarterly revenue came in below Street forecasts and comparable-store sales unexpectedly declined. The athletic apparel and footwear retailer also reported quarterly profit of $1.55 per share, beating consensus by 20 cents a share. DraftKings (DKNG) – Shares of the online sports gambling company rose 3.2% in the premarket after DraftKings reported better-than-expected quarterly revenue and raised its full-year revenue forecast. The company said it is…

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Boeing 777 Makes an Emergency Landing in Moscow After Engine Warning – The New York Times

MOSCOW — A long-haul Boeing 777 airliner made an emergency landing in Moscow on Friday after pilots received an indicator warning of possible engine failure, Russian officials said, reviving concerns about the Boeing planes. An engine failed last weekend on another Boeing 777, scattering debris over the Denver area, while a similar mishap occurred on a Boeing 747 cargo plane over the Netherlands. Both planes managed to land safely. Both of those equipment failures involved Pratt & Whitney engines, raising concerns about metal fatigue in the fan blades of the…

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Third stimulus check updates today: when it’s coming, $1400 payments, IRS tax refund, House vote | Live – AS English

When push comes to shove, Republicans are going to join us – Stevens Democratic congresswoman Haley Stevens says she doesn’t expect the $1.9tn coronavirus stimulus bill to get no support from Republicans when the package is voted on in the House of Representatives on Friday. “The time to act is now and I believe that colleagues on the other side of the aisle, when push comes to shove, are going to join us, and I’m going to tell you why: this is triage,” Stevens told CNBC. “We just recognized 500,000…

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Bank of England official warns inflationary ‘tiger’ has awoken, sending bond yields higher – CNBC

Andrew Haldane, the Bank of England’s Chief Economist and Executive Director, Monetary Analysis & Statistics Chris Ratcliffe | Bloomberg via Getty Images U.K. bond yields rose on Friday after Bank of England Chief Economist Andy Haldane warned that inflation may become difficult to tame, prompting more assertive policy action. In a recorded lecture published Friday, Haldane noted that there were both upside and downside risks to the inflation outlook, but cautioned that an inflationary “tiger” had awoken. “The combined effects of unprecedentedly large shocks, and unprecedentedly high degrees of policy…

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Why Best Buy is eyeing many more store closures – Yahoo Finance

TipRanks Billionaire Ken Griffin Pulls the Trigger on These 2 Penny Stocks Risk and reward are the yin and yang of stock trading, the two opposite but essential ingredients in every market success. And there are no stocks that better embody both sides – the risk factors and the reward potentials – than penny stocks. These equities, priced below $5 per share, typically offer high upside potentials. Even a small gain in share price – just a few cents – quickly translates into a high yield return. Of course, the…

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Elon Musk says Tesla is shifting more electric cars to LFP batteries over nickel supply concerns – Electrek.co

Elon Musk is indicating that Tesla could be shifting more electric cars to LFP battery cells over some concerns about long-term availability of nickel supply. Last year, Tesla CEO Elon Musk mentioned that he believes the energy density of iron phosphate (LFP) batteries have improved enough that it now makes sense to use the cheaper and cobalt-free batteries in its lower-end vehicles. Furthermore, the CEO indicated that the use of LFP batteries also frees up more battery supply of lithium-ion chemistry cells using nickel cathode for Tesla’s other vehicle programs.…

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Covid-19 Live Updates: Single Pfizer Dose Strongly Protects Those Who’ve Had the Virus, Studies Find – The New York Times

Here’s what you need to know: A doctor administering the Pfizer-BioNTech vaccine in Salisbury, England, last month.Credit…Neil Hall/EPA, via Shutterstock For people who have had Covid-19, a single dose of the Pfizer vaccine is enough to provide robust protection from the coronavirus, according to two new studies from Britain that were published late Thursday in The Lancet, a prominent medical journal. The studies, among the first fully vetted papers to weigh in on how to vaccinate people who have had Covid-19, added strong evidence to the case for giving just…

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GameStop Resurgence Reinforces New Reality for Hedge Funds – The Wall Street Journal

Firms across the hedge-fund industry unloaded short positions that gain when stock prices fall, after a handful of stocks touted on Reddit and other social media platforms surged in January. They feared other stocks might experience the same meteoric rise. The result: U.S. stock-picking hedge funds, which bet on and against stocks, are more tilted toward bullish bets than in any other period since 2010, Morgan Stanley’s prime brokerage unit said in a note this week. Short interest relative to the shares available to trade for stocks in the broad…

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5 things to know before key FDA panel votes on J&J’s single-shot Covid vaccine today – CNBC

Vials of Johnson & Johnson’s Janssen coronavirus disease (COVID-19) vaccine candidate are seen during the Phase 3 ENSEMBLE trial in an undated photograph. Johnson & Johnson | via Reuters A key Food and Drug Administration advisory panel is scheduled to vote Friday on whether to recommend approval of Johnson & Johnson‘s Covid-19 vaccine for emergency use, which would help pave the way to distribute a third preventive treatment in the U.S. A favorable vote from the Vaccines and Related Biological Products Advisory Committee will likely clear the path for the U.S.…

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Tech names drag European stocks lower after brutal session on Wall Street – MarketWatch

Technology stocks were bearing the brunt of European equity losses on Friday, playing catch up to a rough day on Wall Street. But U.S. stock futures were inching up as surging bond yields eased off. The Stoxx Europe 600 index SXXP, -0.99% fell 0.5% to 409.55, bringing the weekly loss to just over 1%. The German DAX DAX, -0.71% slipped 0.2%, the French CAC 40 PX1, -1.00% fell 0.5% and the FTSE 100 UKX, -1.29% dipped 0.2%. The euro EURUSD, -0.64% and the pound GBPUSD, -0.83% fell at the expense…

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