Tag: MarketWatch

Shares of Atlis Motor Vehicles Inc. are set to skyrocket again on Wednesday, the second day that the electric truck and battery maker trades on the Nasdaq. On Tuesday, the company debuted with the stock shooting up $54.62, or 198.6%, to close at $82.1…

Shares of Thor Industries Inc. shot up 4.6% in premarket trading Wednesday, after the recreational vehicle maker reported a big profit beat for the fiscal fourth-quarter, as sales rose above forecasts and margins improved. Net income for the quarter t…

The heads of the U.S. Department of Health and Human Services and the World Health Organization came away from the first U.S.-WHO Strategic Dialogue on Tuesday with a commitment to the creation of a new financial intermediary fund for global pandemic p…

Yields on U.K. government debt tumbled after the Bank of England said it would temporarily buy securities. “The purpose of these purchases will be to restore orderly market conditions. The purchases will be carried out on whatever scale is necessary to…

Shares of psychedelics company Mind Medicine Inc. slid 35.6% in premarket trade Wednesday, after the company priced a dilutive secondary offering of 7.1 million shares. The offering priced at $4.25 a share, below the stock’s closing price Tuesday of $…

European- and Asian-listed microchip stocks slumped Wednesday after Bloomberg News reported that Apple won’t boost supplies of the latest iPhone after lower-than-expected demand. STMicroelectronics slumped 5% in Paris, ASM International fell 4% in A…

The Magic Kingdom is shutting down in Florida for a few days. Walt Disney Co. on Tuesday announced it will shutter all four of its Orlando-based theme parks — Animal Kingdom, Hollywood Studios, Epcot and Magic Kingdom — on Wednesday and Thursday as …

The Dow and S&P 500 booked a sixth straight day of declines on Tuesday, as bond yields rose and stocks gave up earlier gains. The Dow Jones Industrial Average fell about 123 points, or 0.4%, to end near 29,136, its lowest closing level since November …

The Securities and Exchange Commission has sued former top executives at MoviePass and its parent company, Helios & Matheson , for fraud. The complaint, filed Monday in the U.S. District Court for New York’s southern district, alleges Ted Farnsworth an…

The House committee investigating the Jan. 6, 2021 attack on the U.S. Capitol has postponed its scheduled Wednesday hearing as Hurricane Ian approaches Florida. “In light of Hurricane Ian bearing down on parts of Florida, we have decided to postpone to…

U.S. stocks are paring their losses Tuesday afternoon after the Dow Jones Industrial Average briefly dropped below 29,000 for the first time in nearly two years earlier. The Nasdaq Composite turned higher, trading up 30 points, or 0.3%, to 10,832. The…

Oil futures climbed Tuesday, with U.S. prices edging up from a nearly nine-month low a day earlier, as some oil and natural-gas producers slow production in the Gulf of Mexico in preparation for Hurricane Ian. The Bureau of Safety and Environmental Enf…

White House press secretary Karine Jean-Pierre defended President Joe Biden’s plan to forgive a big tranche of student loans after it drew a lawsuit on Tuesday from the libertarian Pacific Legal Foundation that was filed in the U.S. District Court for …

President Joe Biden on Tuesday urged Floridians to “evacuate when ordered” as the state was bracing for Hurricane Ian. Speaking at the White House ahead of a health-care event, Biden said he spoke to the mayors of Clearwater, St. Petersburg and Tampa a…

Gold futures settled higher Tuesday, marking their first gain in three sessions after settling at their lowest since April 2020 on Monday. “This is hardly a rally and more likely a temporary bounce as selling pressure takes a break,” said Edward Moya, …

Alex Mashinsky, chief executive at bankruptcy crypto lender Celsius, has submitted a letter of resignation from his post Tuesday, effective immediately. “I will continue to maintain my focus on working to help the community unite behind a plan that wil…

Shares of Oracle Corp. rose 1.2% in morning trading Tuesday, after the Securities and Exchange Commission said the enterprise software company will pay more than $23 million to settle bribery charges. The SEC had charged Oracle for violating provision…

CRISPR Therapeutics Inc. and Vertex Pharmaceuticals Inc. said Tuesday that the Food and Drug Administration granted a rolling review to the exagamglogene autotemcel, the therapy the companies are developing to treat sickle cell disease and transfusio…

U.S. stocks opened sharply higher on Tuesday, bouncing off 21-month lows as they looked to snap a 5-day losing streak that had driven the Dow Jones Industrial Average into bear-market territory for the first time in more than two years. The S&P 500 ad…

Novavax Inc. said Tuesday that one million doses of its protein-based COVID vaccine Nuvaxovid are now available in the U.K. “With U.K. data showing that people infected with both COVID-19 and the flu are more than five times as likely to die compared …

Shares of Avidity Biosciences Inc. tumbled 23.7% in premarket trading on Tuesday after the company said the Food and Drug Administration placed a partial clinical hold on new enrollment in a Phase 1/2 clinical trial trial evaluating a new treatment fo…

Cracker Barrel Old Country Store Inc. stock rose 2.3% in premarket trade Tuesday, after the restaurant and retail store operator beat profit estimates for its fiscal fourth quarter, offsetting a revenue miss, and offered upbeat revenue guidance for fi…

Shares of Equillium Inc. gained 12.9% in premarket trading on Tuesday after the company shared a batch of interim data from an early stage trial evaluating its experimental treatment in 13 people with lupus nephritis. Equillium said 83% of the partici…

Shares of Jabil Inc. jumped 5.1% in premarket trading Tuesday, after the contract manufacturer reported fiscal fourth-quarter earnings that beat expectations, provided an upbeat outlook for the current quarter and set a $1 billion stock buyback progra…

Hertz Global Holdings Inc. and BP PLC said Tuesday they have signed a memorandum of understanding for the development of a network of electric vehicle charging stations in North America. The charging stations will be powered by BP pulse, the energy’…

Provident Financial Services Inc. and announced Tuesday and agreement to acquire Lakeland Bancorp Inc. in a stock deal valued at $1.3 billion. Provident’s stock was indicated down nearly 1% in premarket trading, while Lakeland shares were halted for …

United Natural Foods Inc. shares rose 2.1% on Tuesday after the company said its fourth-quarter net income fell to $39 million, or 63 cents a share, from $43 million, or 69 cents a share, in the year-ago quarter. Adjusted fourth-quarter profit rose to…

U.S. Silica Holdings Inc. said Tuesday its Industrial and Specialty Products business will raise prices by 9% to 20% beginning Nov. 1, to help offset “significant and continuing” cost increases in labor, transportation, materials and manufacturing. Th…

Shares of Velodyne Lidar Inc. jumped 5.2% in premarket, putting it on track to open above the $1 mark, after the autonomous technology company announced an agreement to provide sensors to Stanley Robotics for an automated valet parking product. Financ…

Shares of FaZe Holdings Inc. fell 4.0% in premarket trading Tuesday, after the lifestyle and media platform filed for the sale of up to about 70.0 million common shares, as well as 173,333 warrants to buy stock. Of the total being offered, 5.9 million…

The World Anti-Doping Agency (WADA) is expected to keep cannabis on its prohibited substance list in 2023, The Wall Street Journal reported on Monday. The move comes after the U.S. Anti-Doping Agency pushed for a rule change on cannabis after sprinter …

Moderna Inc. said Monday the Japanese regulator has approved a partial change to its new drug application for its omicron-targeting COVID booster, MRNA-1273.214. The approval from the Ministry of Health, Labour and Welfare is based on data from a Phas…

General Electric Co. said Monday it’s on track for the targeted spinoff of GE HealthCare the first week of Jan. 2023. The company said it would create a board of directors for the business following the spinoff. GE Chairman and CEO Lawrence Culp will …

U.S. known cases of COVID are continuing to ease and now stand at their lowest level since early May, although the true tally is likely higher given how many people are testing at home, where the data are not being collected. The daily average for new …

Bristol Myers Squibb shares rose 7% in premarket trade after the company said the U.S. Food and Drug Administration approved Sotyktu, which the drugmaker said was the first innovation in oral treatment for moderate-to-severe plaque psoriasis in nearly…

The Justice Department and legal representatives of former president Donald Trump have, as ordered on Monday by U.S. District Judge Aileen Cannon, put forward the names of candidates to be appointed special master to conduct a review of the documents a…

U.S. stocks finished higher on Friday, rising for a third straight day while also recording a gain for the week after three weekly losses. The S&P 500 rose 61.18 points, or 1.5%, to 4,067.36, while the Dow Jones Industrial Average climbed 377.19 point…

Oil futures finished higher on Friday, with supply concerns helping prices pare their loss for the week. Still, “lately it has been mostly bad news for oil prices as demand concerns worsened given China’s deteriorating COVID situation, a surprise jump …

Gold futures finished higher on Friday, contributing to a modest gain for the week. A pullback in the U.S. dollar helped gold regain lost ground, analysts said, even as Federal Reserve Governor Christopher Waller on Friday said the Fed may have to rais…

Restaurant Brands International Inc.’s Burger King Co. said Friday that it will invest $400 million over the next two years on its “Reclaim the Flame” plan, aimed at accelerating sales growth and improving franchisee profits. The plan includes $150 mi…

Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil fell by five to 591 this week. That followed a decline of nine oil rigs the week before. The total active U.S. rig count, which includes those drilling for natural ga…

Shares of Caterpillar Inc. climbed 3.3% in morning trading Friday, enough to pace the Dow Jones Industrial Average’s gainers, after the construction and mining equipment maker said the settlement reached wit the U.S. Internal Revenue Service included…

Stocks opened higher Friday, putting major indexes on track to end a string of three consecutive weekly losses as investors look ahead to next week’s August inflation reading. The Dow Jones Industrial Average rose 195 points, or 0.6%, while the S&P 50…

U.S. homeowners with mortgages, which accounts for nearly two-thirds of all properties, saw equity in their homes during the second quarter rise 27.8% from a year ago, according to property information company CoreLogic’s Homeowner Equity Report (HER) …

The Bank of England said it’s postponing its interest-rate decision by a week, citing the period of mourning the country is observing after the death of Queen Elizabeth II. The central bank’s Monetary Policy Committee decision will now be announced on …

Consumer spending continued to accelerate in August, even as the drags from surging utility and childcare costs partially offset a boost in sentiment from falling gasoline prices, according to research released by Bank of America Corp.’s Bank of Ameri…

The investment arm of Sam Bankman-Fried’s crypto exchange FTX is taking a 30% stake in investment firm SkyBridge Capital. “We’re delighted about the transaction and think there’s a very bright future for Skybridge and, of course, for FTX,” Skybridge fo…

The seven-day average for new COVID-19 cases continued its two-month downtrend, as it fell below the 70,000 mark for the first time in four months. The daily average was 68,356 on Thursday, down 25% from two weeks ago, and the lowest total since May 5,…

The U.S. dollar was slumping against its major counterparts on Friday morning. The euro was fetching $1.0091, up from $0.9999 on Thursday, and the dollar was trading at 142.15 yen, down from 144.11 yen. The British pound also was climbing. The U.S. …

Porsche on Friday said talks on a partnership with Red Bull to enter Formula One have failed. The German automaker said that it couldn’t realize a “partnership on equal footing” covering both the engine and the team. Porsche, a unit of Volkswagen , is …

PayPal Holdings Inc. said Thursday that it has tapped John Kim, an Expedia Group Inc. veteran, to be its next chief product officer. Kim, who spent a decade with the online-travel company, most recently as the president of Expedia Marketplace, will t…

U.S. stocks finished higher on Thursday, notching their first back-to-back gains since Aug. 25 after a volatile session that saw the Dow Jones Industrial Average swing more than 460 points from peak to trough. Stocks seemed to shrug off hawkish comment…

The New York Stock Exchange and Nasdaq each observed a moment of silence Thursday afternoon in honor of Queen Elizabeth II, who died at the age of 96. The U.K.’s longest reigning monarch, with more than 70 years on the throne, died at Balmoral Castle. …

Bank of England Gov. Andrew Bailey on Thursday expressed “profound sadness” over the death of Queen Elizabeth II. “It was with profound sadness that I learned of the death of Her Majesty The Queen,” Bailey said, in a tweet. On behalf of everyone at the…

Oil futures ended higher on Thursday, with prices “near-term oversold,” following Wednesday’s “multi percentage-point drop to multi-month lows,” said Tyler Richey, co-editor at Sevens Report Research. Gains for oil came despite a report from the Energy…

The British pound showed little movement Thursday after the death of Queen Elizabeth II at the age of 96. The pound traded at $1.1508 versus the U.S. dollar, down 0.2% on the day. The 96-year old monarch, who ruled the UK for 70 years, died peacefully…

Queen Elizabeth II has died at her Balmoral home in Scotland, the Royal Family announced on Thursday. The 96-year old monarch, who ruled the U.K. for 70 years, died peacefully, according to the brief statement, which was read out by the BBC. King Charl…

White House press secretary Karine Jean-Pierre offered a reaction on Thursday following news that Queen Elizabeth II has died, saying “our hearts go to the people of the United Kingdom, to the queen and to her family.” Jean-Pierre suggested President J…

Gold futures ended lower on Thursday, pressured by remarks from Federal Reserve Chairman Jerome Powell that implied the central bank will continue to boost interest rate as it attempts to bring down inflation. U.S. initial jobless claims fell last week…

Shares of Plug Power Inc. climbed 3.1% in afternoon trading Thursday, in the wake of news of an order from France-based renewable green hydrogen provider Lhyfe S.A. of proton exchange membrane (PEM) electrolyzers with a total capacity of 50 megawatts…

Embattled EV maker Faraday Future Intelligent Electric Inc. said Monday it has filed a revised preliminary proxy statement with the U.S. Securities and Exchange Commission ahead of a special shareholder meeting. Faraday Future, which last month announ…

Stocks booked back-to-back losses on Monday, with the Dow adding to its 1,000-point skid Friday after Federal Reserve Chairman Jerome Powell vowed not to back down on fighting inflation until U.S. costs of living fall back to its 2% target range. The D…

U.S. stocks narrowed their morning losses, but remained broadly lower in the final hour of trading on Monday. Dow industrials and the S&P 500 were down by around 0.1% each, while the Nasdaq Composite was off 0.4%. Equities have been weighed down by …

Oil futures rallied on Monday, with U.S. prices up more than 4% to settle at their highest in a month. Prices got a boost given “rising risks of a potential civil war that could put Libyan output at risk and…growing expectations that OPEC+ is positio…

Gold futures settled slightly lower on Monday, pressured by a rise in U.S. Treasury yields, but with some weakness in the U.S. dollar limiting losses for the precious metal. Monthly U.S. jobs data due at the end of the week may provide clues on gold’s …

Cantor Fitzgerald analyst Pablo Zuanic said Friday it’s unclear whether New York State’s potential $9 billion legal cannabis market will provide a “significant source of upside” for larger cannabis companies such as Curaleaf Holdings Inc. , Green Thumb…

Workplace Property Trust is teaming up with Singapore’s GIC Pte Ltd. to acquire 53 U.S. suburban office properties valued at $1.1 billion, The Wall Street Journal reported on Monday. The deal comes less than a week after Oak Hill Advisors announced a $…

Gray Television Inc. said Monday that it will start paying a minimum wage of $18 per hour, effective Oct. 1. The TV station owner’s new hourly wage, for all full-time, non-commissioned and non-contracted employees, will give a raise to about 2,000 emp…

U.S. stocks opened lower on Monday as the selloff on Wall Street continued following Friday’s 1,000-point drop in the Dow Jones Industrial Average. The Dow Jones Industrial Average pulled back 255 points, or 0.8%, to 32,027. The S&P 500 dropped 32 po…

Boeing Co. announced Monday an order from United Parcel Service Inc. for eight more 767 Freighters. That would bring package delivery giant UPS’s fleet of 767 Freighters to 108. “This repeat order from UPS is a testament to the outstanding cargo capa…

Lululemon Athletica Inc. shares fell 1.7% in premarket trade Monday, after Jefferies downgraded the stock to sell and said it expects the yoga gear maker to pull back aggressive long-term guidance in the coming quarters. Analysts led by Randal J. Koni…

Hankook Tire America Corp. said Monday it OK’d a $1.6 billion investment to increase capacity at its plant in Clarksville, Tenn. The money will pay for its already-announced Phase 2 expansion plus a new Phase 3 investment for the company’s first truck,…

Shares of GameStop Corp. slid 2.7% in premarket trading Monday, putting them on track to suffer the longest losing streak in nearly five years. The meme stock has already plunged 26.7% over the past eight trading sessions, which matched eight-day loss…

Tesla Inc. Chief Executive Elon Musk said Monday he is aiming to get the EV maker’s self-driving technology ready by year-end, and said he hopes it could quickly be in wide release in the U.S. and even Europe depending on regulatory approval, Reuters …

All 30 Dow Jones Industrial Average components are falling in premarket trading Monday, as the previous session’s 1000+-point plunge, sparked by hawkish comments from Federal Reserve Chairman Jerome Powell, looked set to continue. Dow futures slid 27…

Apollo Global Management Inc. -backed lighting company Lumileds Holdings B.V. said Monday its U.S. and Dutch entities filed for Chapter 11 protection from creditors in U.S. Bankruptcy Court for the Southern District of New York. The company said it ink…

Shares of companies exposed to cryptocurrencies slumped Monday, after bitcoin fell back below the $20,000 level for the first time in seven weeks, as hawkish comments from Federal Reserve Chairman Jerome Powell last week sparked a risk-off selloff. Bi…

Shares of Pinduoduo Inc. shot up 7.4% in premarket trading Monday, after the China-based company that connects agricultural producers with consumers reported second-quarter profit that more than tripled and revenue that rose well above expectations, c…

Moderna Inc. said Monday the Swiss regulator has granted temporary authorization to its bivalent omicron-targeting COVID booster for use in adults aged 18 and older. “Spikevax Bivalent Original/Omicron is a next-generation bivalent vaccine that contai…

The Food and Drug Administration is expected to authorize new COVID-19 booster shots this week that target the latest versions of the omicron variant but will do so without data from a study showing the shots were safe and worked in humans, the Wall …

Federal judge Aileen Cannon late Saturday set a hearing for Thursday, Sept. 1, on Donald Trump’s request that a special master be appointed to review the documents and other materials recovered by the FBI during a search of the former president’s priva…

Facebook parent Meta Platforms Inc. has reached an agreement to settle a lawsuit brought up by users concerning the company’s practices in sharing data with Cambridge Analytica, a Friday court filing shows. The two parties in the case filed a joint no…

Arlo Technologies Inc. said late Friday that Chief Financial Officer Gordon Mattingly will resign on Sept. 21, with Kurt Binder, currently the CFO of internet-of-things software company CalAmp Corp. , taking over the role after Mattingly’s departure. …

The Dow skid 1,008 points on Friday, marking its biggest pullback in more than three months, as stocks sold off sharply after Federal Reserve Chairman Jerome Powell warned of the pain to households and businesses to come as the central bank works to br…

Losses in the U.S. stock market have steepened in the final hour of trading on Friday, with the Dow Jones Industrial Average down more than 880 points as investors digest hawkish remarks made by Federal Reserve Chair Jerome Powell this morning at the …

Oil futures settled higher on Friday, contributing to a gain for the week. Oil prices continue to “look reasonably underpinned given this week’s commentary from OPEC about the prospect of production cuts … but with recession concerns rising, fears ov…

The stock-market selloff was intensifying Friday afternoon following Federal Reserve Chairman Jerome Powell’s terse speech at Jackson Hole vowing to fight inflation until the battle has been won by bringing the annual cost of living back down to the ce…

Gold futures settled Friday with a loss for the session as well as the week after remarks at the Jackson Hole retreat from Federal Reserve Chairman Jerome Powell pointed to more interest rate hikes as the central bank continues its efforts to tame infl…

Cathie Wood’s flagship ARK Innovation ETF has taken a steep drop in midday trading as the technology sector sinks following Fed Chair Jerome Powell’s speech Friday morning at the Jackson Hole economic symposium in Wyoming. Shares of the ARK Innovation…

Cryptocurrency prices retreated on Friday, following stocks lower as hawkish comments from Federal Reserve Chairman Jerome Powell spurred a broad-based selloff in risk assets. Bitcoin was down 3.7% to $20,821 in recent trade, while Ethereum’s Ether to…

U.S. stocks finished the week sharply lower with minutes from the Federal Reserve’s July meeting and comments from several Fed officials indicating the central bank still expected to move the benchmark rate high enough to combat high inflation. The Dow…

Oil futures climbed on Friday, but ended the week with a loss. Data from the Energy Information Administration show “robust demand, while Russia showed its robust ability to find new buyers” for its oil, said Manish Raj, chief financial officer at Vela…

Gold futures fell for a fifth straight session on Friday, their longest such losing streak since early July, with prices settling at their lowest in just over three weeks. Strength in the U.S. dollar contributed to the decline for dollar-denominated pr…

Shares of GigaCloud Technology Inc. rocketed again in very volatile trading in their sophomore session on the Nasdaq exchange, to trade at more than four-times the initial public offering price. The Hong Kong-based business-to-business (B2B) ecommerce…

U.S. stocks opened lower Friday as investors continue weighing how aggressive the Federal Reserve may need to be hiking interest rates to curb the highest inflation in decades. The Dow Jones Industrial Average was down 0.5% soon after opening bell, wh…

Shares of 23andMe Holding Co. were falling more than 7% in premarket trading Friday after the DNA-testing company disclosed that Chief Financial Officer Stevem Schoch was resigning from the company. He will stop being 23andMe’s “principal financial of…

Shares of movie-theater operators fell in premarket trading Friday, after the Wall Street Journal reported that U.K. cinema chain Cineworld Group PLC , the parent of Regal Entertainment Group, was preparing to file for bankruptcy. The report follows Ci…

Dallas-based GI Alliance, which describes itself as the largest gastroenterology practice practice in the U.S., said Friday the company is valued at about $2.2 billion in a transaction with Apollo Global Management Inc.’s Hybrid Value unit. Apollo is …

Shares of General Motors Co. surged 1.9% in premarket trading Friday, after the automobile maker said it will reinstate the payment of a quarterly dividend, more than two years after suspending it, and resume “opportunistic” repurchases of its common …

Raymond James on Friday upgraded Vulcan Materials Co. and Martin Marietta Inc. [s:mlm] to outperform from market perform as part of a reallocation of its research resources under analyst Patrick Tyler Brown. Brown set a price target of $197 a share fo…

The seven-day average for new COVID-19 cases fell further below the 100,000-per day threshold, to hit the lowest count seen since June 21. The daily average for new cases was 96,275 on Thursday, down from 98,337 on Wednesday and down 19% from two weeks…

Shares of Foot Locker Inc. rose 18.8% before market open on Friday, boosted by the sneaker retailer’s second-quarter results. Foot Locker’s sales were $2.07 billion, compared with $2.28 billion in the same period last year and in line with Wall Street…

Stifel analyst Drew E. Crum on Friday assigned a buy rating and $35 a share price target to MasterCraft Boat Holdings Inc. as the firm launched coverage of the manufacturer of recreational power boats. Crum sees the U.S. boating market as better-equip…

Bitcoin prices fell sharply on Friday, with the cryptocurrency retreating 7% to $21,762. Bitcoin futures are on track for the biggest decline since June 13. The decline came as other risky assets, including the tech-focused Nasdaq 100 , also retreated…

Shares of Deere & Co. dropped 6.8% in premarket trading Friday, after the agriculture, construction and turf care equipment maker reported fiscal third-quarter profit that missed expectations, amid higher costs and production inefficiencies, but reven…

Starbucks Corp. founder and interim Chief Executive Howard Schultz said late Thursday that the retailer is eliminating the position of Chief Operating Officer, with COO John Culver departing on Oct. 3 and serving as adviser through the end of the year…

Stocks ended mostly lower Friday but off session lows as investors assessed how the Federal Reserve will respond to data that showed the U.S. economy added 528,000 jobs in July, far exceeding the 258,000 expected by economists. Fed-funds futures trader…

Shares of Global Blood Therapeutics Inc. jumped 9.5% in trading on Friday after The Wall Street Journal reported that Pfizer Inc. is considering buying the company for about $5 billion. There were media reports earlier this week that Global Blood The…

Shares of Applied DNA Sciences Inc. jumped another 15.2% in morning trading Friday, to snap back from an earlier intraday loss of as much as 8.7%. The biotechnology company’s stock has now skyrocketed 873.5% amid a four-day win streak, which kicked of…

Shares of AMTD Digital Inc. slipped 1.2% in seesaw morning trading Friday, adding to the 52.4% pullback over the past two days. The Hong Kong-based digital business developer’s stock has whipped around since the opening bell, from an intraday gain of …

Shares of used-card retailer Carvana Co. were up more than 38% in Friday morning trading after flirting with what could be their best single-day percentage gain on record. Carvana’s stock was up 38.7% Friday morning and on track for its largest one-da…

Wedbush analyst Jay McCanless downgraded Zillow Group Inc.’s stock to neutral from outperform Friday, in the wake of the real-estate company’s latest earnings report that brought a lower third-quarter outlook than expected and showed the pains the co…

U.S. stocks opened lower Friday after a stronger-than-expected jobs report, as investors weigh how aggressive the Federal Reserve may need to be raising rates to cool the economy as it battles high inflation. The Dow Jones Industrial Average was tradi…

Shares of Virgin Galactic Holdings Inc. took a 17.3% dive in premarket trading Friday, after Truist analyst Michael Ciarmoli recommended investors sell in the wake of the space-tourism company’s announcement that it was again delaying its first commer…

Shares of Goodyear Tire & Rubber Co. jumped 4.9% toward a two-month high in premarket trading Friday, after the tire maker reported second-quarter profit and sales that rose above expectations. The upbeat results were a welcome relief to investors, as…

Canopy Growth Corp. shares fell 6% in premarket trades Friday after the company said it lost C$2.08 billion ($1.61 billion), or $5.23 a share in its fiscal first quarter, compared to a profit of C$392.42 million, or C$1.02 a share, in the year-ago per…

Shares of DraftKings Inc. shot up 9.4% toward a four-month high in premarket trading Friday, after the digital sports entertainment and gaming company reported a narrower-than-expected loss, revenue that rose above forecasts and lifted its full-year o…

Shares of Warner Bros. Discovery were falling more than 10% in premarket trading Friday after the media giant fell way short of revenue expectations and posted a sizable loss. Executives also offered various targets, including a goal for 130 million g…

Shares of Twitter Inc. slipped 0.4% in premarket trading Friday, after Susquehanna analyst Shyam Patil indicated he could no longer be bullish on the social media company given all the distraction. Patil cut his rating to neutral, after being positive…

AMC Networks Inc. reported Friday second-quarter profit and revenue that missed expectations, while streaming subscriber growth beat and the full-year outlook was affirmed. The TV network company, which runs the shows “Better Call Saul” and “Dark Wind…