Tag: MarketWatch

U.S. stock indexes finished modestly higher on Friday with the tech-heavy Nasdaq Composite spearheading gains, as investors digested inflation data and corporates’ fourth-quarter earnings reports ahead of next week’s Federal Reserve monetary policy mee…

U.S. securities regulators are probing Tesla Inc. Chief Executive Elon Musk’s role in the EV maker’s self-driving car claims, Bloomberg reported Friday, citing a person familiar with the investigation. The review is part of the ongoing U.S. Securities …

Oil futures ended with a loss on Friday, with U.S. benchmark prices under $80 to settle at their lowest in more than a week. U.S. crude prices had a “little tug-of-war around the $80 a barrel level” until the market knows more about China’s reopening m…

Shares of Carvana Co. CVNA soared 20.8% in active afternoon trading Friday, enough to pace the New York Stock Exchange’s (NYSE) gainers list. Trading volume swelled to 28.6 million shares, already well above the full-day average of 18.6 million. The la…

Shares of Lucid Group Inc. LCID rocketed 62.7% in very active afternoon trading, paring an earlier intraday gain of as much as 97.8%, prior to its latest trading halt for volatility. The electric vehicle and battery pack maker’s stock was trading down …

Gold futures finished Friday with a modest loss, but held onto a slight gain for the week — their sixth weekly gain in a row. “Gold has had a good run in the last few weeks benefitting from the downturn in the U.S. dollar,” said Colin Cieszynski, chief…

Baker Hughes BKR on Friday reported that the number of active U.S. rigs drilling for oil fell by four to 609 this week. That followed a decline of 10 in the previous week. The total active U.S. rig count, which includes those drilling for natural gas, …

The House of Representatives on Friday approved a bill that would limit drawdowns from the Strategic Petroleum Reserve. The measure passed 221-205, and ties nonemergency releases to a boost in federal lands leased to oil companies. President Joe Biden …

Oil futures gave up early gains on Friday to trade more than 1% lower, with U.S. prices falling below the key $80 a barrel mark on an intraday basis. Traders are “looking to book profits ahead of the end of month and taking a safe position” ahead of th…

Canadian cannabis company OrganiGram Holdings Inc. OGICA:OGI said Thursday it received notification from the the Nasdaq that it is not in compliance with the minimum bid price requirement to retain its listing because its stock has traded below $1.00 f…

The Nasdaq Composite COMP has been a bit late to the broader market’s bullish party, but it finally crossed above its widely followed 200-day moving average (DMA) for the first time in a year. The index was up 0.5% at 11,575 in recent trading, while th…

U.S. stocks opened mostly lower Friday as investors digested data from the Federal Reserve’s preferred gauge showing signs of inflation slowing while personal spending last month fell. The Dow Jones Industrial Average opened slightly higher before dip…

Share of Sleep Number Corp. SNBR rallied 3.4% in afternoon trading Friday, reversing an earlier intraday loss of as much as 11.8%, after the bed and mattress maker provided a downbeat 2022 profit outlook but updated its revenue outlook to be in line wi…

Silvergate Capital Corp. SI stock fell 7.5% in premarket trades Friday after the company said it is suspending dividends on its 5.375% fixed rate non-cumulative perpetual preferred stock, Series A, in order to preserve capital.  The company said it’s m…

Ayr Wellness Inc. AYRWFCA:AYR.A said Friday it will not move ahead with plans to acquire two dispensaries in Chicago for $55 million because “the cannabis market has changed significantly” in the 15 months since it inked the deal. Instead Ayr plans to …

Shares of Regeneron Pharmaceuticals Inc. REGN gained about 2.5% in premarket trading on Friday after the European Medicines Agency’s Committee for Medicinal Products for Human Use recommended approval of Dupixent, the atopic dermatitis therapy develope…

Nexstar Media Group Inc. NXST said Friday its board has approved a 50% increase in its quarterly cash dividend to $1.35 a share. The diversified media company said the new dividend will be payable on Friday, Feb. 24 to shareholders of record as of Feb….

CalAmp Corp. CAMP, a software and subscription services company, said Friday it is planning to reduce its work force by 8% as part of a restructuring. The Irvine, California-based company had 887 employees as of Feb. 28, 2022, according to its annual 1…

Colgate-Palmolive Co.’s CL fourth-quarter results beat analysts’ top and bottom-line expectations before market open Friday. The company earned 1 cents a share, compared with 18 cents a share in the year-ago quarter, impacted by goodwill and impairment…

Shares of HCA Healthcare Inc. HCA fell about 6% in premarket trading on Friday after the hospital operator set out earnings guidance for 2023 that came in lower than expected. Revenue for the fourth quarter of 2022 missed expectations. HCA had earnings…

Charter Communications Inc. CHTR fell short of earnings expectations for the fourth quarter but posted a larger haul of net new internet subscribers than it had seen in the third quarter. The cable company generated net income of $1.20 billion, or $7.7…

TXO Energy Partners L.P. TXO priced five million common units at $20 in its $500 million initial public offering for trading on Friday on the New York Stock Exchange under the symbol TXO. TXO Energy Partners granted underwriters an option to purchase…

Shares of Chevron Corp. CVX fell 0.7% in premarket trading Friday after the oil and gas giant missed fourth-quarter profit expectations, while revenue rose above forecasts. Net income rose to $6.35 billion, or $3.33 a share, from $5.06 billion, or $2.6…

Shares of Intel Corp. tumbled 9.6% in premarket trading, putting them on track for the worst one-day performance in 15 months, in the wake of the semiconductor maker’s fourth-quarter profit miss and warning of coming losses. The implied price decline w…

A Food and Drug Administration advisory panel voted unanimously on Thursday for Americans to get a once-a-year booster against COVID with the strain to be decided mid-year for a fall campaign, the Associated Press reported. The panel agreed that people…

Shares of Autoliv Inc. ALV rallied 3.4% in premarket trading Friday, after the Sweden-based maker of automotive safety systems beat fourth-quarter profit expectations, but came up shy on revenue, as price increases compensated for raw material cost inf…

Ailing home-goods retail chain Bed Bath & Beyond Inc. BBBY on Thursday said it had appointed Carol Flaton as a director of its board. The company said in a filing that she qualifies as an independent director. The decision took hold on Jan. 24. She wil…

Bitcoin might suffer from a pullback for two weeks or longer, though the crypto has rallied almost 40% so far this year, according to Katie Stockton, founder and managing partner at Fairlead Strategies. The cryptocurrency saw a new short-term “sell” s…

Major U.S. stock indexes closed higher Thursday, with the S&P 500 ending at 7-week highs after the official scorecard of the American economy showed a strong 2.9% annual rate of growth for the fourth quarter of 2022. The Dow Jones Industrial Average r…

Oil futures finished higher on Thursday, a day after U.S. prices posted a modest rise. “China’s reopening is bullish for commodities, full stop,” said strategists at RBC Capital Markets. Oil traders are also looking ahead to a committee meeting of majo…

Eli Lilly & Co. LLY said Tuesday it’s planning to invest an additional $450 million in a manufacturing site at Research Triangle Park in North Carolina and will create at least 100 jobs. The news comes at a time when many companies are laying off staff…

Shares of General Electric Co. GE fell 2.2% in premarket trading Friday, after the industrial conglomerate reported fourth-quarter profit, revenue and free cash flow (FCF) that beat expectations, but provided a downbeat earnings outlook. GE’s report wa…

The Food and Drug Administration is recommending that the U.S. should decide each June what SARS-CoV-2 strains should be included in an annual fall booster shot. Doing so would allow updated COVID-19 vaccines to be ready for distribution “no later than…

Advertising-technology company Innovid Corp. CTV disclosed Monday afternoon that it intends to lay off roughly 10% of its staff. Innovid had 396 full-time employees as of Dec. 31, 2021, according to its most recent 10-K filing. The cuts come as Innovid…

Yext Inc. YEXT disclosed Monday that it plans to lay off about 8% of its staff as part of a restructuring plan meant to cut costs. Once the layoffs are complete, the company, which uses artificial intelligence in search, expects to have about 1,100 emp…

HighPeak Energy Inc. HPK shares rose, following a halt, halted late Monday after the oil and natural gas company said it was exploring strategic alternatives including a potential sale. HighPeak shares rose 10% after hours, following a brief trade halt…

In a month marred by job cuts seemingly everywhere in Silicon Valley, Agilent Technologies Inc. Chief Executive Mike McMullen pledged no layoffs this year in a meeting with employees last week. Shares of Agilent are up 15% over the last 12 months. The…

Google’s parent Alphabet Inc. GOOGGOOGL had a “standing interest” in buying Tesla Inc. TSLA, Chief Executive Elon Musk said in court Monday, referring to an earlier deposition. That factored into Musk’s decision to try to take Tesla private then, the C…

U.S. stocks finished at their highest level in a month on Monday as strong performances by consumer-technology giant Apple Inc. AAPL and chipmaker NVIDIA Inc. NVDA pushed the Nasdaq Composite COMP further into the lead. The Nasdaq gained roughly 223 po…

Tesla Inc. Chief Executive Elon Musk is now under cross-examination from his attorney Alex Spiro, saying late Monday that he had “never” tried to deceive shareholders but was fending off short sellers. “I thought it would be good for the shareholders t…

Sumo Logic Inc. SUMO stock soared Monday on a report that the data-analytics software company has been approached by private equity firms expressing interest in a possible buyout. Sumo Logic shares surged more than 30% to an intraday high of $10.25, in…

Rivian Automotive Inc. RIVN said Monday that Jim Chen, vice president of public policy, is planning to leave the EV maker, the latest executive departure at the company. A Rivian spokesperson told MarketWatch it was a “mutual agreement between Jim and …

Oil futures finished little changed Monday, down by just pennies, after ending last week at their highest since November. Oil bulls have been “drawing strength from rising demand hopes as China’s economy re-opens, while a softer dollar seems to be supp…

Gold futures ended Monday with a slight gain, giving up early losses to hold ground at their highest price since April. “For now, gold seems to be able to brush off any bearish factors, such as the risk of recession fading a little and a more optimisti…

Vikasa SPAC Series I Acquisition Corp. VSSAU disclosed Monday that it was withdrawing its filing for its $200 million initial public offering. The blank check company, which was looking to go public, so it can buy a private company and take it public, …

Shares of Hellbiz Inc. HLBZ soared 41.3% in midday trading Monday, and have more than doubled in two days, after the e-scooters and e-bicycles provider said it hired Shareholder Intelligence Services LLC (ShareIntel) to help it combat the alleged illeg…

Tesla Inc. TSLA stock added to a rally Monday as Chief Executive Elon Musk took the witness stand in a federal trial in San Francisco revolving around his “funding secured” tweets in 2018. The stock gained more than 6% in midday trading as Musk in cour…

Shares of Pitney Bowes Inc. PBI rallied 4.8% in morning trading Monday, after the shipping and mailing company acknowledged that activist investor Hestia Capital nominated seven people to the company’s board of directors, while saying shareholders need…

The Food and Drug Administration on Monday recommended that the U.S. should decide each June what SARS-CoV-2 strains should be included in an annual fall booster shot. Doing so would allow updated COVID-19 vaccines to be ready for distribution “no late…

Newell Brands Inc. NWL, the parent company of Rubbermaid, Sharpie, and other brands, announced Monday that it planned to cut about 13% of office positions as it looks to reduce costs. The company expects to see annualized pre-tax savings of $220 millio…

U.S. stocks opened modestly higher Monday as investors await fresh economic data due out later this morning. The Dow Jones Industrial Average was up 0.1% soon after the opening bell, while the S&P 500 edged up 0.1% and the Nasdaq Composite rose 0.2%…

Clever Leaves Holdings Inc. CLVR stock fell 1.9% in premarket trades Monday after the cannabis company said it will eliminate 63 jobs as part of a wind-down of its operations in Portugal in the first quarter. Clever Leaves expects to disclose one-time…

Shares of Caesars Entertainment Inc. CZR were ahead about 3% in premarket trading Monday after the hotel and casino operator suggested that it expects revenue for its latest quarter to exceed the consensus view. Caesars anticipates that it generated $2…

Takeda Pharmaceutical Co. Ltd. TAKJP:4502 said Monday that it will acquire Hutchmed’s HCMHK:13 experimental cancer treatment outside mainland China, Hong Kong and Macau, with plans to develop and commercialize fruquintinib. Per the terms of the deal, T…

Shares of Western Digital Corp. WDC were rising 4% in premarket trading Monday after Bloomberg News reported that the memory company was “progressing” in its merger talks with Kioxia Holdings Corp. The companies are discussing a spinoff of Western Digi…

Franklin Electric Co. said Monday it will raise its quarterly dividend to 22.5 cents per share, that represents a 15.3% increase from the prior dividend of 19.5 cents a share. The new dividend will be payable Feb. 16 to shareholders of record on Feb. 2…

Shares of Pliant Therapeutics Inc. PLRX soared about 75% in premarket trading on Monday, the day after the company said a high dose of its experimental treatment for idiopathic pulmonary fibrosis met the primary and secondary endpoints in a Phase 2a cl…

Verb Technology Co. Inc. VERB, a provider of interactive video-based sales apps, has become the latest small-cap company to announce plans to address naked short selling of its stock, among suspected trading violations. The Newport Beach, California an…

Shares of PayPal Holdings Inc. PYPL were off more than 1% in premarket trading Monday after The Wall Street Journal reported that the big banks were working on a digital wallet meant to ease the process of purchasing online with debit and credit cards….

Enlight Renewable Energy Ltd. has filed an initial public offering to trade its stock on the Nasdaq under the symbol ENLT with underwriters JPMorgan JPM , BofA Securities BAC , Barclays, Credit Suisse, Wolfe/Nomura Alliance and Roth Capital Partners. E…

U.S. stocks finished Friday’s choppy session with modest losses, capping off the worst week for stocks since September after a report on wholesale-price inflation challenged assumptions about slowing inflation in the U.S. The Dow Jones Industrial Avera…

U.S. stocks were trading down heading toward the closing bell Friday, with all three major benchmarks on track for weekly losses, as investors considered the latest wholesale inflation data ahead of the Federal Reserve’s policy meeting next week. The D…

U.S. oil futures settled lower on Friday to post a weekly loss of 11%. The “short-term crude demand outlook has deteriorated significantly as no one has a strong handle on how bad a recession will hit the U.S. economy,” said Edward Moya, senior market …

Gold futures climbed Friday for a fourth consecutive session to end the week modestly higher. The week was quiet for precious metals prices, “largely due to an equally uneventful week for some of the key drivers of prices,” such as the U.S. dollar, sai…

White House press secretary Karine Jean-Pierre on Friday played down a Fox Business report that said Bank of America CEO Brian Moynihan is on the Biden administration’s short list to replace Treasury Secretary Janet Yellen if Yellen decides to leave h…

Corn futures edged higher on Friday, but trade below the session’s best levels after the U.S. Department of Agriculture reduced its forecast for U.S. corn exports and raised its expectations for ending stocks for the 2022/2023 marking year. The governm…

The Federal Reserve’s interest-rate forecasts, set to be released next Wednesday, are likely to reflect a fed-funds rate that peaks at 5.1% next year and stays at that level by the end of next year, according to economists at Deutsche Bank. That would …

Senate Majority Leader Chuck Schumer said in a statement Friday that Sen. Kyrsten Sinema of Arizona asked him to keep her committee assignments and he agreed. Sinema announced earlier Friday that she’s leaving the Democratic Party to register as an ind…

Abbott Laboratories said Friday morning that it would be raising its dividend to 51 cents a share. The increase amounts to a 8.5% bump relative to the company’s prior quarterly dividend of 47 cents a share. Abbott Labs noted in the release that it has…

As its battle with the Federal Trade Commission deepens over the Activision Blizzard Inc. acquisition, Microsoft Corp. isn’t shying away from merger activity. The company announced in a Friday morning blog post that it has acquired Lumenisity Limited…

Bank of America resumed coverage on Credit Suisse with a buy rating now that the Swiss bank successfully raised 4 billion Swiss francs. The broker pointed out that it now has the same market cap as Julius Baer but is 1.5 times larger in wealth manag…

U.S. stock indexes opened lower on Friday after wholesale prices rose more than expected in November, dampening hopes that inflation might be cooling off. The Dow Jones Industrial Average lost 85 points, or 0.2%, to 33,717. The S&P 500 shed 0.2%, while…

White House press secretary Karine Jean-Pierre said in a statement Friday that the Biden administration understands that Sen. Kyrsten Sinema’s decision to “register as an independent in Arizona does not change the new Democratic majority control of the…

Gilead Sciences Inc. said Friday that it will co-develop and co-commercialize Arcellx Inc.’s multiple myeloma treatment candidate, which is currently in Phase 2 clinical trials. Gilead will pay Arcellx $225 million upfront, plus make a $100 million e…

U.S. stock futures tumbled on Friday, erasing earlier gains, after the latest batch of inflation data showed producer prices accelerated faster than some economists expected last month. Futures for the Dow Jones Industrial Average DJIA were off 158 poi…

Ryman Hospitality Properties said Friday it’s increasing its fourth-quarter dividend to 25 cents a share, from 10 cents a share in the third quarter. Shareholders of record as of Dec. 30 will be paid the dividend on Jan. 17. Shares of Ryman Hospitalit…

Swedish telecommunication equipment maker Ericsson said it’s reached a global cross-license for patented cellular standard-essential technologies with Apple that ends all ongoing patent-related legal disputes between the parties. Including effects o…

U.S.-listed shares of China Jo-Jo Drugstores Inc. were up about 21% in premarket trading on Friday. The company, which is based in Hangzhou, China, operates drugstores and an online pharmacy in China. It is also a wholesale distributor for pharmacy pr…

German media giant Bertelsmann said Friday Markus Dohle is stepping down as chief executive officer of Penguin Random House at the end of 2022, and resigning his seat on the Bertelsmann executive board at his own request.
Bertelsmann named Penguin Rand…

Adamas One Corp. said it priced 2.45 million shares at $4.50 a share for proceeds of $11 million in its initial public offering for trading on Friday on the Nasdaq. The Scottsdale, Ariz.-based company specializes in lab-grown diamonds for jewelry and …

Shares of Baudax Bio Inc. soared 62.6% in premarket trading on Friday, the day after the company said it started a Phase 2 clinical trial evaluating an experimental treatment for neuromuscular blockade in 80 adult patients having elective surgery. “Th…

Shares of Li Auto Inc. were off more than 1% in premarket trading Friday after the Chinese electric-vehicle company logged a wider-than-expected loss for its latest quarter. The company posted a third-quarter net loss of RMB1.65 billion ($231.3 millio…

Getty ImagesRead through a roundup of the COVID news you should know about:Foxconn urged looser COVID restrictions in China. The founder of Foxconn Technology Group FXCOF reportedly wrote a letter attempting to persuade the Chinese government to relax …

Pfizer Inc. and German partner BioNTech SE said Friday they have received fast track designation from the U.S. Food and Drug Administration for a single-dose-mRNA-based vaccine candidate targeting both COVID and flu. The companies already announced t…

U.S. known cases of COVID continued their upward march on Friday, as hospitalizations and deaths also rose by double-digit amounts. The daily average of new cases stood at 66,179 on Thursday, according to a New York Times tracker, up 53% from two weeks…

Sen. Kyrsten Sinema told Politico in an interview that she’s changing her party affiliation from Democrat to an independent. She said the move won’t affect the Senate structure and said she informed Majority Leader Chuck Schumer already. Democrats had …

Industrial technology company TE Connectivity Ltd. said Friday its board has approved an increase in its quarterly dividend to 59 cents a share from 56 cents. The Schaffhausen, Switzerland-based company said the new dividend will be payable for the fo…

Medical-products maker Cooper Cos. on Thursday forecast sales for the year ahead that were above expectations, helped by what management said were “share gains in contact lenses and fertility,” even though its profit forecast came up short. The compan…

Shares of Bath & Body Works Inc. were rising more than 5% in after-hours trading Thursday after Third Point LLC disclosed a stake in the company, which sells lotions, soaps, and candles. Third Point disclosed ownership of 13.75 million shares in a Sec…

The S&P 500 ended a five-session slide on Thursday as major U.S. equity indexes booked a solid round of daily gains. The Dow Jones Industrial Average rose about 182 points, or 0.5%, closing near 33,780, while the S&P 500 index gained 0.8% and the Nas…

Shares of top Chinese ADRs as well as U.S. casino companies with operations in Macau climbed on Monday on signs of easing COVID restrictions. Alibaba and JD.com shares jumped 5% in premarket trade, while Wynn Resorts gained 4%. Earlier, the Hang Sen…

Facing weaker demand in China, Tesla Inc. plans to reduce production at its Shanghai plant by possibly 20% in December, Bloomberg reported on Monday, citing sources. The cuts could kick in this week after the company reviewed the performance of the do…

Spencer Platt/Getty ImagesOne of the bond market’s most reliable indicators of impending U.S. recessions is pointed in a pretty pessimistic direction right now, but contains at least one optimistic message: The Federal Reserve will remain committed to …

Exxon Mobil Corp. said late Friday that Larry W. Kellner and John D. Harris II have joined its board, which expanded to 13 directors. Kellner is the former chief executive of Continental Airlines, which merged with United Airlines in 2010, and current…

Major U.S. stock indexes ended a choppy session mixed Friday, while still posting weekly gains, after monthly jobs data showed the Federal Reserve’s rapid pace of interest rate hikes has yet to tame the roaring labor market. The Dow Jones Industrial Av…

Shares of Smartsheet Inc. headed toward their best one-day gain on record Friday after the software-as-a-service company reported better-than-expected quarterly results and guidance Thursday afternoon. The stock rose as much as $38.51, 18.5% higher th…

Oil futures finished with a loss on Friday, but ended higher for the week. The rebound in crude-oil prices recently is due to “some optimism that even though China is battling rising COVID rates, authorities will be much more flexible in how they imple…

Gold futures declined on Friday, but held onto a more than 3% gain for the week. Gold prices dipped Friday after a “shockingly hot [U.S.] nonfarm payroll report brought back the dollar to life,” said Edward Moya, senior market analyst at OANDA. Financi…

Amazon.com Inc. executive Jeff Blackburn, who played a key role in the e-commerce giant’s push into entertainment, is leaving the company, the Wall Street Journal reported Friday, citing a memo sent to staff by Chief Executive Andy Jassy, that it obtai…

Shares of Boeing Co. surged 3.5% toward a more than seven-month high in midday trading, reversing an earlier loss of as much as 1.7%, after The Wall Street Journal reported that United Airlines Holdings Inc. close to ordering “dozens” of Boeing 787 D…

Fisker Inc. stock is poised to end the week in the black, up 3% on Friday following losses of more than 5% in the prior session after short-seller Fuzzy Panda said the electric-vehicle maker had a “history of lies,” essentially alleging that Fisker’s …

The ICE U.S. Dollar Index jumped 0.4% on Friday after a hotter-than-expected November jobs report fueled expectations that the Federal Reserve will need to lift rates even higher than many people expect next year. The index had finished below its 200-…

More than 62% of new COVID-19 cases in the U.S. are the result of the BQ.1 and BQ.1.1. variants, according to the latest data from the Centers for Disease Control and Prevention. BA.5, which had been the dominant strain of the virus in the U.S. for mon…

November’s hotter-than-expected nonfarm payrolls report, which showed the U.S. producing 263,000 new jobs, indicates “that there is more work” for the Federal Reserve to do and that labor-market imbalances “may be increasing rather than decreasing,” ac…

U.S. stock indexes opened lower on Friday after the November jobs report shows a sign of continued strength in the labor market, raising concerns that the Federal Reserve’s policy will remain tighter for longer. The U.S. created a robust 263,000 new jo…

Shares of Ford Motor Co. shed 1.6% in morning trading Friday, after the automaker reported a 7.8% decline in November sales to 146,364 vehicles. Truck sales fell 1.2% to 81,210 and sport-utility vehicle (SUV) sales sank 15.0% to 61,889, while electric…

The Dow Jones Industrial Average’s selloff after the stronger-than-expected government jobs data was unanimous, as all 30 components fell in premarket trading. The declines were led by the index’s technology components. Shares of Salesforce Inc. slid…

Wedbush on Friday launched coverage of Green Thumb Industries Inc. , Cresco Labs Inc. , Curaleaf Holdings Inc. and Trulieve Cannabis Corp. with outperform ratings. Analyst Gerald Pascarelli said of the four cannabis companies Green Thumb Industries ra…

Shares of Cracker Barrel Old Country Store Inc. tumbled 11.5% in premarket trading Friday, after the home-style restaurant chain with retail stores inside missed fiscal first-quarter profit expectations, as cost inflation surpassed menu price increase…

Kirkland’s Inc. stock pared early gains to trade down 1.6% premarket Friday, after the specialty retailer of home decor and furnishings . Nashville, Tenn.-based Kirkland’s swung to a loss of $7.3 million, or 58 cents a share, after income of $7.2 mil…

U.S. stock futures tumbled Friday after data from the Labor Department showed the U.S. economy added 263,000 jobs in November, far exceeding expectations and adding to the perception that the Federal Reserve isn’t doing enough to weaken the labor marke…

Private equity-led acquisitions of publicly traded companies have gotten a boost from low stock prices in a trend that’s expected to continue in 2023, analysts at Keefe, Bruyette & Woods said in a research note. These so-called take-private deals have …

Shares of shoe and accessories seller Genesco Inc. dropped 7.0% in premarket trading Friday, after the parent of store brands including Journeys and Johnston & Murphy reported fiscal third-quarter profit and sales that beat expectations but slashed it…

Jefferies banking analyst Ken Usdin said the U.S.’s largest banks including Bank of America Corp. , JPMorgan Chase & Co. , Goldman Sachs Group Inc. and Citigroup Inc. will retain more capital to build up their balance sheets instead of using it for d…

Shares of Rigel Pharmaceuticals Inc. soared 39.5% in premarket trading Friday, after the biotechnology company announced Food and Drug Administration approval of its Rezlidhia leukemia treatment. With trading volume of 5.2 million shares, the stock wa…

Chinese local governments are facing a new challenge in the battle against COVID: they are running out of cash needed to finance mass testing and enforce quarantine, CNN reported on Friday. The zero-COVID policy kept China out of recession in 2020, but…

Coinbase Global Inc. on Thursday claimed Apple Inc. forced it to remove NFT transfers from its Wallet app on iOS. In a tweet, Coinbase claims the iPhone maker “blocked our last app release until we disabled the feature” because Apple wanted the block…

Raymond James Financial Inc. said late Thursday its board of directors has declared a dividend of 42 cents a share, a 24% increase over the previous dividend. The dividend is payable Jan. 17 to shareholders of record on Jan. 3. Shares of Raymond James…

Shares of Veeva Systems Inc. dropped nearly 6% in the extended session Thursday after the cloud-computing company reported quarterly earnings above expectations but guided for a weaker-than-expected current quarter. Veeva earned $108.5 million, or 67 …

Shares of workplace-management software provider Asana Inc. fell after-hours on Thursday after the company forecast fourth-quarter sales that came in below analyst estimates, saying “macroeconomic cross currents continue to impact the business in the …