News That Matters

Tag: trading

Red Sox trading Andrew Benintendi to Royals in three-team swap

Red Sox trading Andrew Benintendi to Royals in three-team swap

Sports
Feb. 10 (UPI) -- The Boston Red Sox, Kansas City Royals and New York Mets have agreed to a three-way trade that will send outfielder Andrew Benintendi from Boston to Kansas City. League sources told ESPN, MLB Media and The Athletic on Wednesday night that Royals outfield prospect Khalil Lee will head to the Mets, while Royals outfielder Franchy Cordero will go to the Red Sox. The clubs have yet to confirm the deal, which is pending medicals and approvals. Advertisement Right-handed prospect Josh Winckowski and a player to be named later will be moving from the Mets to the Red Sox in the deal, ESPN reported. Benintendi missed most of the pandemic-shortened 2020 season. He landed on the injured list Aug. 12 with a strained right rib cage, with the Red Sox later ruling him out for the remain...

Why you should stay the course in the stock market, even amid the GameStop trading frenzy

Finance
Tiffany Hagler-Geard | Bloomberg | Getty ImagesGameStop, AMC Entertainment, BlackBerry, Dogecoin and silver – all have been subject to epic rallies and falls in recent days, spurred by droves of retail investors driving up prices and then selling.While it may be tempting to pile into an asset that's seen such rapid growth, financial experts say it's best to invest for the long-term."A lot of the investors are just jumping in because of FOMO [fear of missing out]," said Yanely Espinal, director of educational outreach at Next Gen Personal Finance. It's important for investors to be aware of the cognitive biases they may have to recognize when they're being influenced by social media herd mentality, Espinal added.Speculating vs. investingSeveral stocks, including GameStop, AMC and Blac
M&S clothing sales hit by COVID and trading restrictions in Christmas quarter

M&S clothing sales hit by COVID and trading restrictions in Christmas quarter

Business
Marks & Spencer has reported a big fall in clothing and homeware sales during the Christmas quarter, due to coronavirus and retail restrictions caused by the pandemic.The retailer also warned that the UK's new trade deal with the European Union had led to "potential tariffs" on part of the range it exports to the bloc. Revenue at M&S's clothing and home division slumped 25.1% in the 13 weeks to 26 December, its third quarter, following a 21.3% fall in the previous quarter.Between 5 November and 1 December - when England had extra coronavirus restrictions - revenue for this division was down 40.5%.UK sales fell 7.6% on a like-for-like basis during the third quarter, with food up 2.6% and home sales down 24.1%, but the November restrictions sent food and non-food sales falling 4.5% a...

Trading legend Art Cashin shares his poem to say goodbye to 2020 and welcome the New Year

Finance
Source: NYSE photoArt Cashin couldn't lead the New York Stock Exchange in the singing of "Wait til the Sun Shines Nellie" this year, but he penned this poem for UBS and its clients and is sharing it with us here. Happy New Year, Art. Look forward to seeing you on the floor in 2021.Zoom In IconArrows pointing outwardsZoom In IconArrows pointing outwardsSubscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world.Let's block ads! (Why?) Finance
Covid: Caffè Nero seeks help after pandemic ‘decimates’ trading

Covid: Caffè Nero seeks help after pandemic ‘decimates’ trading

Business
.css-94m6rd-HeadingWrapper{border-bottom:solid 1px #BABABA;padding-bottom:1.5rem;}.css-94m6rd-HeadingWrapper > *:not([hidden]):not(style) ~ *:not([hidden]):not(style){margin-top:1rem;}.css-vk3nhx-ComponentWrapper{margin:1.5rem 0;}.css-1759m9z-StyledFigure{font-family:ReithSans,Helvetica,Arial,freesans,sans-serif;font-weight:400;font-size:0.875rem;line-height:1.125rem;}.css-kwaqyc-StyledFigureContainer{position:relative;}.css-1xtcmof-Placeholder{position:relative;display:block;padding-bottom:56.25%;background-color:#EEEEEE;}.css-1xtcmof-Placeholder img{overflow:hidden;position:absolute;top:0;right:0;bottom:0;left:0;display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-box-pack:center;-webkit-justify-content:center;-ms-flex-pack:center;justify-content:center;-webk...