U.S. stocks opened higher on Wednesday, with the S&P 500 building on its strongest daily gain since April as investors digested another inflation report, along with a fresh reading on retail sales. The S&P 500 SPX gained 14.57 points, or 0.4%, to 4,510...

Sirius XM Holdings Inc. shares SIRI were rocketing 17% in premarket trading Wednesday after Warren Buffett’s Berkshire Hathaway revealed a new stake in the satellite-radio operator. Berkshire bought up 9.7 million shares of Sirius during the September ...

Shares of Tesla Inc. TSLA rose toward a fourth straight gain in premarket trading Wednesday, but unlike the previous session, they pared gains after tame inflation data. The electric vehicle giant’s stock was up 2.2% just before data showing that whole...

Goodyear Tire & Rubber Co.’s stock GT jumped 5.5% in premarket trade Wednesday, after the company unveiled a transformation plan that aims to raise more than $2 billion in proceeds from portfolio optimization and to generate a positive benefit of $1.3 ...

Tapestry Inc. TPR said Wednesday it has commenced an offering of dollar-denominated senior unsecured notes to fund its acquisition of rival Capri Holdings Ltd. The parent to Coach, Kate Spade and Stuart Weitzman did not specify the size of the deal.Mar...

Dynatrace Inc. DT said Wednesday its stockholder Thoma Bravo is selling 10 million shares of its stock. Dynatrace stock was down 3.8% in premarket trading. Based on the stock’s closing price of $52.54 a share on Tuesday, the stock sale will generate ab...

TransUnion TRU said Wednesday it plans to reduce its 13,000-employee work force by 10% or, about 1,300, as part of a cost-cutting plan at the information and risk management solution company. TransUnion’s stock was up 3.5% in premarket trading. “We be...

TJX Cos. TJX stock was down 1.2% in premarket trading on Wednesday after the retailer issued fourth-quarter guidance below analyst estimates, even as its third-quarter profit beat expectations. TJX said its third-quarter net income rose to $1.19 billio...

VF Corp. VFC, the maker of Vans sneakers and North Face coats, drew an upgrade to neutral from underweight Wednesday. J.P. Morgan analyst Matthew R. Boss raised his price target on VF Corp. to $19 a share from $15. The company’s stock was up 3.9% in pr...

Moody’s Investors Service upgraded Molson Coors Beverage Co.’s TAP senior unsecured rating to Baa2 from Baa3 on Wednesday, and revised the outlook to positive. The move reflects “consistent debt repayment, conservative leverage targets and recent go...

Smith Douglas Homes Corp., a Woodstock, Ga., home builder that lists former Agriculture Secretary and Georgia Governor George E. “Sonny” Perdue III as a shareholder, plans to go public on the New York Stock Exchange under the symbol “SDHC”, according t...

Shares of Advance Auto Parts Inc. AAP sank 6.5% in premarket trading Wednesday, after the auto parts seller reported a surprise large fiscal third-quarter loss and slashed its full-year outlook, while announced a cost-cutting plan aimed at saving $150 ...

Education company Chegg Inc.’s stock CHGG rose 2.6% premarket Wednesday, after the company announced a $150 million accelerated share repurchase with Morgan Stanley Bank N.A. Chegg will make an initial payment of $150 million in return for 13.5 million...

Shares of Target Corp. TGT shot up 9.7% toward a two-month high in premarket trading Wednesday, after the discount retailer reported fiscal third-quarter profit that was well above expectations, while net sales fell short. Net income for the quarter to...

Shares of Arcellx Inc. ACLX were set to surge Wednesday, after biotechnology company announced a $200 million equity investment by Gilead Sciences Inc.’s GILD Kite as part of an expanded collaboration. Under terms of the investment, Gilead will buy 3.2...

Xpeng Inc.’s ADR XPEV fell 2% in premarket trade Wednesday, after the Chinese electric vehicle company’s third-quarter loss widened from a year ago while revenue fell short of estimates. Xpeng posted a net loss of RMB3.89 billion ($0.53 billion), or RM...

Nike Inc. NKE late Tuesday announced a series of executive appointments, including a new design chief, aiming to boost the brand’s appeal. The footwear and apparel retailer said that John Hoke, a 30-year Nike veteran and most recently the company’s fir...

U.S. stocks closed sharply higher on Tuesday with the Nasdaq Composite notching its biggest daily percentage-point gain since April following a subdued inflation print that bolstered hopes for Federal Reserve rate cuts. The S&P 500 SPX gained 84.15 poi...

Chip Somodevilla/Getty ImagesFinancial markets were jubilant over Tuesday’s data showing that U.S. consumer prices eased by more than expected in October, with Treasury yields plummeting on expectations the Federal Reserve will refrain from raising int...

U.S. stocks rebounded strongly Friday, perking back up a day after the S&P 500’s longest win streak in two years was snapped. The Dow Jones Industrial Average DJIA closed about 391 points higher Friday, or 1.2%, ending near 34,283, according to prelimi...

Oil futures finished higher on Friday, but posted a third straight weekly loss. “Oil pundits forecasting widespread oil shortage this year is old news, and the reality is that physical markets are flush with the black gold,” said Manish Raj, managing d...

Intel Corp. shares INTC were up 2.8% in afternoon trading Friday and flirting with their highest close in more than 15 months, according to Dow Jones Market Data. The stock traded as high as $38.99 earlier in the session and recently changed hands at $...

Shares of Microsoft Corp. MSFT hiked up 2.4% afternoon trading Friday, toward its third record close in the past four sessions. The stock has now soared 12.6% over the past 11 sessions, in which is has gained 10 times, including a nine-day winning stre...

E.l.f. Beauty Inc.’s stock ELF tumbled 6% on Friday, after short seller Spruce Point Capital Management said the company has ties to the now-defunct NXIVM cult and may use some of its teaching in its marketing. The cult’s leader Keith Raniere was sente...

Shares MIcroStrategy Inc. MSTR surged 2.9% in afternoon trading Friday, to put them on track to close at the highest price since March 29, 2022. The software company and bitcoin play‘s stock was headed for a 10th straight gain, which would be the longe...

Baker Hughes BKR on Friday reported that the number of active U.S. rigs drilling for oil fell by 2 to 494 this week. That followed a decline of 8 oil rigs last week. The total active U.S. rig count, which includes those drilling for natural gas, also d...

Shares of Wynn Resorts Ltd. WYNN took a 7.7% hit in morning trading Friday, after the casino operator beat third-quarter earnings expectations, but Wynn Macau Ltd. WYNMYHK:1128, of which the company owns 72%, reported disappointing results. Wynn’s stoc...

Shares of Jack Daniel’s parent Brown-Forman Corp. BF.B fell 3.1% in morning trading Friday, following a sales warning from rival Diageo PLC DEOUK:DGE, which owns the Johnnie Walker whisky and Guinness beer brands. The U.S.-listed stock of Diageo tumble...

Illumina Inc.’s stock ILMN fell 14% Friday to put it on track for its lowest close in 10 years, after the company after the maker of DNA-sequencing technology cut its full-year sales and profit guidance after missing revenue estimates for the third qua...

U.S. stocks opened higher on Friday, attempting to end the week on a positive note after the S&P 500 and Nasdaq Composite snapped their longest winnign streaks in two years in the previous session. Stocks stumbled Thursday after a weak 30-year T-bond a...