Stock futures are higher ahead of the Fed's post-meeting policy statement and Chairman Jerome Powell's afternoon news conference.
Tuesday at his funeral in Houston, where he grew up, as "Big Floyd," a father and brother, athlete and neighborhood mentor, and now a catalyst for change. Tuesday's funeral capped six days of mourning for Floyd in three cities. posted a loss of 12 cents per share, smaller than the 16 cents a share loss that Wall Street had anticipated. The pet products retailer also reported better-than-expected revenue and gave an upbeat revenue forecast.
The videogame retailer's revenue was slightly below forecasts, and comparable-store sales excluding closed locations fell 17%. One bright spot for GameStop: a 519% increase in e-commerce sales. reported a quarterly loss of 91 cents per share, compared to the consensus estimate of a 33 cents a share loss. The discount retailer's revenue came in below forecasts amid coronavirus-related closures, although the company said about 90% of its stores have now reopened.
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Wall Street expects trillions more in stimulus from the Fed, Congress: CNBC Fed SurveyThe Fed's two-day meeting begins Tuesday and a new survey shows that market participants expect trillions more in stimulus from both the central bank and Congress. CNBC's Steve Liesman reports.
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Fed's Powell walks tightrope as economy faces new uncertaintyFederal Reserve Chair Jerome Powell will face a test of economic leadership this week even though the central bank won’t be making any changes to interest rates
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What's next from the Fed will help decide the course for marketsHow much the Fed will reveal about its future intentions and what it says about its view of the economy will be key for markets.
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Fed Debates How to Set Policy for the Post-Pandemic EconomyFederal Reserve officials could take preliminary steps Wednesday to explain how they will provide more support to the economy now that interest rates are pinned near zero.
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Treasury yields fade as Fed meeting comes into focusU.S. government debt prices were higher Tuesday morning ahead of the Federal Reserve's monetary policy meeting, after the U.S. economy was confirmed to have entered recession.
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