Tag: MarketWatch

Abbott Laboratories said Tuesday it plans to restart manufacturing formula at its plant in Sturgis, Mich., on June 4, and it will prioritize production of EleCare, a hypoallergenic, amino acid-based formula. The company said that batch of Elecare form…

Animal health company Covetrus Inc. said Wednesday it agreed to be taken private by Clayton, Dubilier & Rice (CD&R) and TPG Capital in a deal valued at $4 billion. The two private equity firms agreed to pay $21 a share, which is $1.34 or 6.8% over it…

Shares of Kohl’s Corp. fell toward an 18-month low in premarket trading Wednesday, after the department-store chain said it plans to increase its investment in its stores through new opening, remodels and enhanced omnichannel capabilities. The company…

Genocea Biosciences Inc. on Tuesday told investors it plans to shut down and lay off all remaining employees. The company said it gave notice to The Nasdaq Stock Market Inc. for its plans to voluntarily delist its common stock and said it plans to fil…

Shares of Verrica Pharmaceuticals Inc. tumbled 54.5% in premarket trading on Wednesday, the day after the company told investors it received a complete response letter from the Food and Drug Administration relating to the application for the company’s…

Phoenix-based Item 9 Labs Corp. said Wednesday it’ll pay an undisclosed sum to acquire Canada’s Sessions Cannabis, which generates about C$70 million in annual sales with 43 stores in Ontario. Item 9 Labs Corp. CEO Andrew Bowden said the acquisition “…

Shares of Dick’s Sporting Goods Inc. plummeted 17.7% toward a 16-month low in premarket trading Wednesday, after the sporting goods and apparel retailer reported fiscal first-quarter results that beat expectations but cut its full-year outlook, citing…

A measure to allow adults 21 and older to consume cannabis has cleared both houses of the Rhode Island state legislature and now awaits a signature from Gov. Daniel J. McKee. McKee is expected to sign the bill into law as early as Wednesday, making Rho…

General Mills Inc. announced Wednesday an agreement to sell its Helper meals and Suddenly Salad side dishes businesses in a cash deal valued at about $610 million to Kelso & Co.’s Eagle Family Foods Group. Shares of the branded foods company, which br…

Express Inc. shares soared 10% in premarket trade Wednesday, after the clothing retailer posted a narrower-than-expected loss for the first quarter and offered guidance that was above consensus. Express had a net loss of $11.9 million, or 18 cents a …

As predicted by health care experts, a new form of the omicron subvariant BA.2 has become dominant among new cases of COVID-19 in the U.S., the New York Times reported, citing data from the Centers for Disease Control and Prevention, which estimates it…

Nordstrom Inc. shares jumped more than 20% at times in after-hours trading Tuesday after the retailer reported an unexpected profit and improving sales amid difficulties for rivals. Nordstrom reported first-quarter profit of $20 million, or 13 cents a…

The Federal Trade Commission on Tuesday announced that it has launched an inquiry in the ongoing U.S. baby-formula shortage. “The inquiry seeks information about the nature and prevalence of any deceptive, fraudulent, or otherwise unfair business pract…

Major U.S. stock indexes closed mixed Tuesday in choppy trade punctuated by another sharp selloff in the internet sector. The Dow Jones Industrial Average swung to a slight gain late in the session, adding about 50 points, or 0.2%, to end near 31,931….

Abercrombie & Fitch Co. shares sank more than 30% in Tuesday trading, en route to the stock’s biggest one-day decline. The clothing and accessories retailer reported first-quarter results during premarket hours; it swung to a loss and gave guidance be…

Gold futures closed higher Tuesday, scoring a fourth straight session of gains, as weaker U.S. economic data rattled the stock market and put a shine back on the precious metal. Gold for June delivery added $17.60, or 1%, to settle at $1,865.40 an on…

Moderna Inc. tweeted Monday afternoon that it is “investigating potential monkeypox vaccines at a preclinical level.” Several stocks of companies that are developing or have smallpox or monkeypox vaccines and treatments jumped in trading on Monday as m…

The home builder sector was suffering a unanimous selloff in morning trading Tuesday, after data showing new home sales surprisingly fell in April, and sharply, amid high prices, rising mortgage rates and low supply. The iShares U.S. Home Construction …

Shares of Nautilus Inc. plunged 20.5% in morning trading, putting them on track for the lowest close since March 2020, after the exercise equipment and digital fitness company swung to a fiscal fourth-quarter loss, as revenue that fell sharply from a …

U.S. stocks opened lower Tuesday, slumping after disappointing results from Snapchat parent Snap Inc. sent tech-related shares skidding. The fall comes after stocks bounced sharply higher on Monday following a rout that took the S&P 500 to the brink o…

Shares of INmune Bio Inc. plummeted 31.4% toward a 22-month low in premarket trading Tuesday, after the Florida-based biotechnology company said it received an email from U.S. Food and Drug Administration, saying that it placed the Investigational New…

Ralph Lauren Corp. posted fiscal fourth-quarter net income totaling $24.4 million, or 34 cents per share, after a loss of $74.1 million, or $1.01 per share, last year. Adjusted EPS of 49 cents beat the FactSet consensus for 36 cents. Revenue of $1.523…

Shares of Tesla Inc. dropped 3.0% in premarket trading Tuesday, after Daiwa Capital analyst Jairam Nathan reiterated his outperform rating on the electric vehicle maker but cut his price target to $800 from $1,150, citing COVID-19-related lockdowns in…

Petco Health & Wellness Co. Inc. shares rose 4.5% in Tuesday premarket trading after it reported first-quarter profit and revenue that beat expectations. The company posted net income of $24.7 million, or 9 cents per share, up from $7.6 million, or 3 …

The Dow Jones Industrial Average is heading for a unanimous decline Tuesday, as all 30 components of the blue-chip barometer are trading lower in the premarket. The biggest decliners are share of Apple Inc. , down 1.5%, Walt Disney Co. , down 1.3% and…

Shares of Insulet Corp. gained 9.9% in premarket trading on Tuesday, the day after Bloomberg reported that the company is in talks to be acquired by Dexcom Inc. , citing anonymous sources. Dexcom’s stock was down 7.1% before the market opened on Tuesd…

Abercrombie & Fitch Co. shares sank more than 30% in Tuesday trading after it swung to a first-quarter loss. The apparel retailer posted a net loss of $16.5 million, or 32 cents per share, after net income of $41.8 million, or 64 cents per share, last…

Shares of SpringWorks Therapeutics Inc. were up 14.9% in premarket trading on Tuesday after the company said a late-stage clinical trial evaluating its treatment for patients with progressing desmoid tumors met its primary endpoint. A desmoid tumor is…

Best Buy Co Inc. shares jumped 5% in Tuesday premarket trading after it reported fiscal first-quarter revenue that beat expectations. The consumer electronics retailer posted net income totaling $341 million, or $1.49 per share, down from $595 million…

Pfizer Inc. on Tuesday shared additional data in a news release from two Phase 3 clinical trials for its experimental ulcerative colitis drug, etrasimod. One study found clinical remission of 32.1% in patients taking etrasimod compared to 6.7% for pla…

Dole PLC shares slid 3% in premarket trade Tuesday, after the distributor of fruit and vegetables swung to a loss for the first quarter and posted revenue that fell short of estimates. Dole posted a net loss of $1.4 million, or 1 cent a share, for the…

Shares of AutoZone Inc. rose 1.1% in premarket trading Tuesday, after the automotive replacement parts retailer reported fiscal third-quarter earnings that rose above expectations and surprise growth in same-store sales, citing strength in both retail…

A slew of internet stocks were sharply lower premarket Tuesday, caught up in the wave of selling sparked by Snap Inc.’s warning late Monday that second-quarter earnings would lag estimates. Snap CEO Evan Spiegel issued the warning at a JP Morgan techn…

The Food and Drug Administration said Monday an advisory panel would meet June 15 to discuss use of the vaccines developed by Pfizer Inc. and German partner BioNTech SE as well as the one developed by Moderna Inc. in children aged 6 months to four y…

Advance Auto Parts Inc. shares fell slightly more than 1% in the extended session Monday after the specialty retailer reported lower-than-expected adjusted profit in the first quarter. Advance Auto Parts earned $140 million, or $2.26 a share, in the q…

Lithium producer Albemarle Corp. late Monday upgraded its guidance for the year, mostly thanks to additional lithium contract renegotiations following blowout first-quarter earnings earlier this month. Albemarle said it expects fiscal 2022 sales betwe…

All three major stock benchmarks ended sharply higher Monday, kicking off the week with gains as shares in the financials sector jumped. The Dow Jones Industrial Average closed up almost 619 points, or about 2%, while the S&P 500 climbed around 1.9% …

The House Ethics Committee said in a statement Monday that it has established an investigative subcommittee that “shall have jurisdiction to determine whether Representative Madison Cawthorn may have: improperly promoted a cryptocurrency in which he ma…

Gold futures edged higher Monday, booking a third session in a row of gains for the precious metal, as a soaring dollar pulled back from recent highs. Gold for June delivery added $5.70, or 0.3%, to settle at $1,847.80 an ounce on Comex, after Friday…

Financial stocks enjoyed broad gains Monday, with the sector the best performer of the S&P 500’s 11 major sectors, after J.P. Morgan Chase & Co. raised its outlook for net interest income (NII). The SPDR Financial Select Sector ETF charged 3.8% high…

The U.S.-listed shares of Nio Inc. dove 4.8% in morning trading Monday, to buck the rally in the broader stock market, after fellow China-based electric vehicle maker XPeng Inc. provided a disappointing second-quarter revenue outlook. Nio’s stock dro…

Consumers might be cutting back on some items due to inflation, but a survey conducted by Cowen analysts shows people plan to stick with their beauty regimen. Cowen surveyed 1,000 respondents and 70% to 75% indicate they will spend the same amount on b…

U.S. stocks opened higher Monday, attempting to bounce after another week of losses for major indexes. The Dow Jones Industrial Average rose 266 points, or 0.8%, after logging an eight straight weekly fall on Friday, its longest streak of weekly decli…

Shares of DiDi Global Inc. surged 5.3% in premarket trading Monday, after the China-based ride-hailing giant provided details from its delisting from the NYSE after shareholders approved the move. The company said it plans to file a Form 25 with the U…

Ebay Inc. announced the launch of the Genesis collection of NFTs on Monday, which will include 3D and animated versions of athletes featured on the cover of Sports Illustrated magazine. Genesis debuts with hockey great Wayne Gretzky. Starting at $10, …

Shares of J.P. Morgan Chase & Co. rallied 1.7% in premarket trading Monday, to bounce off an 18-month low in the previous session, after the banking giant raised its net interest income (NII) outlook. The stock’s rally was enough to pace the Dow Jones…

Shares of Autodesk Inc. dropped 3.0% in premarket trading Monday, after they were downgraded at Deutsche Bank ahead of the design software company’s first-quarter earnings report due out later this week. Analyst Bhavin Shah cut his rating to hold from…

Shares of ImmunoGen Inc. jumped 12.0% in premarket trading on Monday after the company said the Food and Drug Administration accepted an application for its experimental ovarian-cancer treatment. The mirvetuximab soravtansine monotherapy has a Prescri…

Shares of Bank of America Corp. rose 1.5% in premarket trading Monday, after the moneycenter bank said it raised its U.S. minimum wage of $22 an hour, effective at the end of June. The increase is from $21 an hour in October 2021, and has now increase…

Videogame retailer GameStop Corp. shares rose 3% in premarket trade Monday, after the company said it has launched a wallet for cryptocurrencies and NFTs, or non-fungible tokens. The company said the move allows gamers to store, send, receive and use …

Shares of Pfizer Inc. rose 0.3% and BioNTech SE rallied 1.3% in premarket trading, after the drug makers said three doses of it COVID-19 vaccine for children aged six months to five years “met all immunobridging criteria” required for Emergency Use A…

Ocugen Inc. shares jumped 9% premarket Monday, after the biotech said the Food and Drug Administration has lifted its clinical hold on Ocugen’s Phase 2/3 trial of its COVID-19 vaccine candidate Covaxin. “We’re extremely pleased that we can proceed wit…

The U.S.-listed shares of XPeng Inc. fell 2.7% in premarket trading Monday, as the China-based electric vehicle maker reported a narrower-than-expected first quarter loss, but provided a downbeat revenue outlook. Net losses widened to RMB1.70 billion …

Philadelphia has reinstated a face-mask mandate for students and teachers that comes into effect Monday, in its latest move to rein in COVID-19 infections. The news was announced Friday by Dr. William Hite, superintendent for the school district, who …

Major U.S. stock indexes finished mostly higher Friday, eking out gains with a dramatic rally into the closing bell. The bounce allowed the S&P 500 index to narrowly avoid a bear-market finish, while ending the session virtually flat around 3,901. The…

Four Paws/Agence France-Presse via Getty ImagesAmid a sea of red in U.S. stock markets on Friday, a fundamental shift in investors’ thinking is taking place, one which analysts describe as a “growth scare.”A “growth scare” is characterized by a correct…

Shares of Deere & Co. plunged 14.9% toward a 15-month low in afternoon trading Friday, after the maker of construction, agriculture and forestry equipment beat fiscal second-quarter profit and revenue expectations but warned that headwinds from supply…

Gold prices closed flat on Friday, but booked a weekly gain, putting an end to the yellow metal’s longest streak of weekly losses in four years. Gold for June delivery finished the session virtually unchanged, up just 90 cents, to settle at $1,842.10…

The S&P 500 on Friday traded below 3,837.25, the level that marks a 20% pullback from the large-cap U.S. benchmark’s Jan. 3 record close. A finish below that level would meet the traditional definition of a bear market. The S&P 500 was last at 3,837.4…

Rite Air Corp. said Friday that the COVID-19 boosters for 5-to-11 year olds made by Pfizer Inc. and BioNTech SE are available at its drug stores and at Bartell Drugs, which it owns. The booster for that age group was authorized by the Food and Drug …

Shares of Novavax Inc. sank 8.8% in midday trading Friday, after BofA Securities analyst Alec Stranahan recommended investors avoid the COVID-19 vaccine maker, citing a bearish view on continued booster use and increasing competition in the respirator…

The Securities and Exchange Commission on Friday said Wells Fargo & Co. agreed to pay $7 million to settle charges that it failed to file at least 34 suspicious activity reports in a timely manner between April, 2017, and October, 2021. The SEC said t…

Shares of Ollie’s Bargain Outlet Holdings Inc. slipped 0.3% in morning trading Friday, but were outperforming the retail sector by a wide margin, after BofA Securities analyst Jason Haas swung to bullish from bearish on the closeout retailer, citing s…

Shares of Zymeworks Inc. rallied 1.5% in morning trading Friday, after the biopharmaceutical company said it rejected the “unsolicited, opportunistic, non-binding” $10.50-per-share buyout bid by activist investor All Blue Falcons FZE. The company said…

Stocks opened higher Friday, attempting to bounce at the end of what’s shaping up to be another losing week for major indexes. The Dow Jones Industrial Average was up 217 points, or 0.7%, at 31,470, while the S&P 500 gained 0.9% to trade at 3,936. Th…

Shares of Match Group Inc. surged 5.2% in premarket trading Friday, after the data apps company after Alphabet Inc.’s Google made “various concessions” regarding Match’s complaints. As a result, Match said it has withdrawn its request for a temporar…

Leafly Holdings Inc. shares rose 2.6% in premarket trades Friday after the company drew an outperform rating and a $12 price target as Cowen analysts Harrison Vivas and Vivien Azer initiated coverage of the online cannabis marketplace. Leafly currentl…

Frontdoor Inc. said Friday that Chief Executive Rex Tibbens will step down, effective June 1, after four years in the role. The home-service plan provider, which brands include American Home Shield, Landmark and OneGuard, said Chairman William Cobb wi…

Shares of THG climbed 25% in London as a potential bidding war emerged for the U.K.-listed online retailer, known as the Hut Group. THG said late Thursday that it had rejected a proposal from a group of investment companies led by Belerion Capital and…

Shares of Foghorn Therapeutics Inc. were down 23.7% in premarket trading on Friday, the day after the company said U.S. regulators had placed a partial clinical hold on a Phase 1 clinical trial assessing an experimental therapy for relapsed and/or ref…

Foot Locker Inc. shares rose 4.1% in Friday premarket trading after it reported first-quarter profit that beat expectations. The athletic retailer posted net income of $133 million, or $1.37 per share, down from $202 million, or $1.93 per share, last …

Shares of Deere & Co. fell 1.8% toward a three-month low in premarket trading Friday, even after the agriculture, construction and forestry equipment maker reported fiscal second-quarter profit and revenue that rose above expectations, as “strong dema…

The daily average for new COVID-19 cases topped the 100,000 mark of the third straight day and hospitalizations keep rising, but deaths fell to a 10-month low. Meanwhile, advisors to the Centers for Disease Control and Prevention recommended that child…

Stocks ended lower Thursday, building on the previous session’s rout as the S&P 500 fell closer to bear-market territory. The Dow Jones Industrial Average fell around 237 points, or 0.8%, to close near 31,253, according to preliminary figures, while t…

Facebook parent company Meta Platforms Inc. is adding commercial services to WhatsApp so businesses can build a custom dashboard to chat with customers and offer customer services. On Thursday, company CEO Mark Zuckerberg announced in a Facebook post …

Shares of RumbleON Inc. dropped 6.3% toward a 22-month low, in the wake of Harley-Davidson Inc.’s announcement that it was suspending all assembly and shipments for two weeks due to a regulatory compliance matter. Harley-Davidson’s stock sank 8.9%. R…

Gold futures bounced on Thursday as a selloff in stocks continued after a string of disappointing retailer earnings kept investors on edge about the effects of inflation on the economy. Gold futures rose $25.30, or 1.4%, to settle at $1,841.20 an oun…

The Senate on Thursday approved a $40 billion military and economic-aid package for Ukraine, sending it to President Joe Biden for signature. The 86-11 vote came after earlier approval by the House, and was $7 billion above what Biden had asked for las…

Deutsche Bank research analyst Brian Bedell on Thursday downgraded Bank of New York Mellon Corp. to hold from buy and cut the stock’s price target to $45 a share from $54 a share. Bedell said he views trust banks “somewhat less favorably, as the benef…

President Joe Biden on Thursday said Sweden and Finland have the “full, total, complete” backing of the U.S. as they seek to become the newest members of NATO. In remarks at the White House while flanked by Prime Minister Magdalena Andersson of Sweden …

Shares of Lennox International Inc. rose 0.7% after the climate-control products company raised its dividend enough to lift the dividend yield above the 2% mark. The company said its quarterly dividend was increased to $1.06 a share, up 15% from the p…

Shares of Harley-Davidson Inc. tumbled 10.5% in premarket trading Thursday, after the motorcycle maker said it would suspend all assembly and shipments for two weeks. The company said the suspension was for “an abundance of caution” following informat…

ICEE and Minute Maid frozen beverage parent J&J Snack Foods Corp. announced Thursday an agreement to buy flash-frozen beaded ice cream maker Dippin’ Dots LLC for $222 million. The deal, which is expected to close by the end of June, will be funded thr…

Shares of Enanta Pharmaceuticals Inc. slid 19.3% in premarket trading on Thursday, the day after the company said its experimental treatment for respiratory syncytial virus did not meet the primary endpoint in a Phase 2b clinical trial. The therapy di…

The World Health Organization on Thursday added a COVID-19 vaccine developed by Chinese drugmaker CanSino Biologics Inc. to its list of validated shots. CanSino’s single-dose vaccine, Convidecia, is the eleventh vaccine to receive the WHO’s emergency …

U.S.-listed shares of Zealand Pharma soared 21.2% in premarket trading on Thursday after the company said a Phase 3 clinical trial evaluating its investigational treatment for babies with a rare genetic disorder met the primary endpoint. Zealand is t…

McDonald’s Corp. announced Thursday that it has started the process of selling its Russia business to an existing licensee, Alexander Govor. Financial details weren’t included in the announcement. The sale is expected to close in the coming weeks. Gov…

U.S.-listed shares of Valneva SE jumped 11.5% in premarket trading on Thursday after the company said that the European Medicines Agency has accepted the application of its COVID-19 vaccine candidate. If the experimental shot receives a positive recom…

Shares of Indaptus Therapeutics Inc. were up 21.6% in premarket trading on Thursday after the company said U.S. regulators have allowed a Phase 1 clinical trial for its experimental cancer treatment to move forward. Indaptus plans to enroll patients w…

Near Intelligence Holdings Inc. said Thursday it plans to go public on the Nasdaq for trading under the ticker symbol “NIR” through a merger with a special purpose acquisition company that values the Pasadena, Calif.-based marketing data service provid…

Shares of Tesla Inc. dropped 1.6% toward a nine-month low in premarket trading Thursday, after Wedbush analyst Dan Ives slashed his price target by 29%, citing “hard to ignore” headwinds in China, as COVID-related lockdowns have reduced demand. Ives r…

Children’s Place Inc. shares slumped 13.2% in Thursday premarket trading after it reported first-quarter earnings and sales that missed expectations and cut its outlook. The kids apparel retailer posted net income of $19.8 million, or $1.43 per share,…

Kohl’s Corp. reported first quarter net income of $14 million, or 11 cents per share, after reporting $14 million, or 9 cents per share, last year. Sales of $3.471 billion were down from $3.662 billion. The FactSet consensus was for EPS of 69 cents an…

Shares of BJ’s Wholesale Club Holdings Inc. surged 3.9% in premarket trading Thursday, after the membership-based warehouse retailer reported fiscal first-quarter profit, revenue and same-store sales that rose above expectations. Net income for the qu…

Spirit Airlines Inc. said Thursday its board has unanimously determined that JetBlue Airways Corp.’s $30-a-share cash offer is not in the best interest of the airline and its shareholders and is urging the latter to reject the tender launched by JetB…

A team of advisers to the Centers for Disease Control and Prevention will meet Thursday to review a third dose of the vaccine developed by Pfizer and BioNTech for children aged 5 to 11, according to an advisory on the CDC website. The meeting comes a…

Kohl’s Corp. said in a filing late Wednesday that two executives, Chief Marketing Officer Greg Revelle and Chief Merchandising Officer Doug Howe, are departing, without elaborating further. Revelle leaves on June 1, while Howe’s departure is effective…

Shares of Bath & Body Works Inc. fell more than 4% in the extended session Wednesday after the specialty retailer reported first-quarter earnings above Wall Street expectations, but lowered its guidance for the full year. The company said it earned $1…

BlackBerry Ltd. late Wednesday projected annual revenue growth of 13% through fiscal 2027, hoping to be “approaching” breakeven adjusted per-share earnings in fiscal 2024. It anticipates to post a modest adjusted loss and be cash-flow negative in fisc…

U.S. stocks tumbled Wednesday, with all three major benchmarks closing sharply lower as consumer stocks including Target Corp. were battered. The Dow Jones Industrial Average closed 3.6% lower, the S&P 500 sank 4% and the technology-heavy Nasdaq Comp…

Morgan Stanley increased its position in the AdvisorShares Pure US Cannabis ETF by 480,168 shares during the first quarter to a total of 1.59 million shares as of March 31, according to a filing on Tuesday. With a 3.2% stake, Morgan Stanley now ranks…

The Dow Jones Transportation Average nosedived 1,031 points, or 7.0%, in afternoon trading Wednesday, will all 20 components trading lower, putting it on track for a 14-month closing low. That puts the Dow industrials on track for the biggest one-day …

Shares of Visionary Education Technology Holdings Group Inc. plummeted 73.7% in afternoon trading Wednesday, to pace all decliners on a bad day for the major U.S. exchanges, a day after the Canada-based private education provider went public on the Na…

Impossible Foods Inc., the privately-held plant-based meat company long rumored as an IPO candidate, is making its European debut in the United Kingdom this week with the launch of Impossible Chicken Nuggets and Impossible Sausage Patties. Impossible C…

Shares of Walmart Inc. sank 6.6% toward a 22-month low in midday trading Wednesday, as it fell in sympathy with the plunge in rival discount retailer Target Corp.’s stock on the back of a big earnings miss. Walmart’s stock drop follows an 11.4% tumbl…

The Dow Jones Industrial Average’s three retailer components are accounting shaving about 172 points off the Dow’s price in midday trading Wednesday, in the wake of Target Corp.’s disappointing earnings report. Shares of Walmart Inc. shed 6.9% and of…

The historic selloff in Target Corp’s stock is casting a pall on the retail sector, as shares of 90 of the S&P 500’s 92 consumer discretionary and staples companies are trading lower. Target’s stock was the weakest of the bunch, tumbling 24.7% toward…

The U.S. stock market was trading sharply lower Wednesday morning, failing to extend Tuesday’s bounce, as retailer Target Corp. fell into the spotlight after reporting a big earnings miss for its fiscal first quarter. The Dow Jones Industrial Average …

The U.S. stock market was trading sharply lower Wednesday morning, failing to extend Tuesday’s bounce, as retailer Target Corp. fell into the spotlight after reporting a big earnings miss for its fiscal first quarter. The Dow Jones Industrial Average …

Shares of Amazon.com Inc. sank 2.5% in morning trading Wednesday, putting them into negative territory for the week, after New York Governor Kathy Hochul filed a complaint against the ecommerce giant, alleging discrimination against pregnant workers a…

Shares of Amazon.com Inc. sank 2.5% in morning trading Wednesday, putting them into negative territory for the week, after New York Governor Kathy Hochul filed a complaint against the ecommerce giant, alleging discrimination against pregnant workers a…

Canopy Growth Corp. said Wednesday it agreed on two call options to acquire control of California-based Lemurian Inc., which does business under the name Jetty Extracts. The two companies will continue to operate independently until Canopy exercises i…

Canopy Growth Corp. said Wednesday it agreed on two call options to acquire control of California-based Lemurian Inc., which does business under the name Jetty Extracts. The two companies will continue to operate independently until Canopy exercises i…

Oppenheimer analyst Jason Helfstein on Wednesday initiated coverage of Leafly Holdings Inc. with a “perform” rating. The cannabis marketplace platform “can be a good fit for investors looking to gain exposure to the cannabis industry while reducing pr…

Shares of home builders traded broadly lower in premarket trading Wednesday, following disappointing government data on April housing starts and building permits. The iShares U.S. Home Construction ETF slumped 2.5% in premarket trading, while futures …

Dentsply Sirona Inc. said Wednesday it has received a written notification from the Nasdaq exchange warning that it is no longer in compliance with listing rules because it has not yet filed its quarterly 10-Q report with the Securities and Exchange C…

TJX Cos. stock rose 2.7% in Wednesday premarket trading after it reported fiscal first-quarter profit that beat expectations. The off-price retailer posted net income totaling $587.5 million, or 49 cents per share, up from $533.9 million, or 26 cents …

CFRA Research analyst Ken Leon on Tuesday downgraded Wells Fargo & Co. to hold from buy and cut the firm’s price target on the stock to $49 from $53 a share. “We think the transformation of WFC is likely to take longer and limit the upside potential t…

Cresco Labs Inc. said Wednesday its first-quarter loss widened to $23.68 million from $11.91 million in the year-ago quarter. The Chicago-based cannabis company’s revenue increased by 20% to $214 million. First-quarter adjusted Ebitda rose 45% to $51 …

Surf Air Mobility said Wednesday it has entered an agreement to go public by merging with special-purpose acquisition corporation Tuscan Holdings Corp. II in a deal with an enterprise value of $1.42 billion. Surf Air, which provides a regional air mob…