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Tag: Stock market

Norwegian electrochemical industry workers to strike from Monday

Posted on August 13, 2022 By TradingView

Some 1,422 electrochemical industry workers represented by Norway’s Industri Energi union will go on strike from Monday after negotiations with their employers broke down on Saturday, the union said.Industri Energi said the companies initially targeted…

Digital Currency, Forex, News, Stock Market

Dollar-strapped Argentina announces incentives for oil and gas industry

Posted on August 13, 2022 By TradingView

Argentina announced late on Friday a package of tax and customs benefits for the oil and gas industry meant to attract dollars to the South American nation, which is battling crippling inflation and a low level of foreign currency reserves. The measure…

Digital Currency, Forex, News, Stock Market

Former Deutsche Bank co-CEO Anshu Jain dies

Posted on August 13, 2022 By TradingView

Anshu Jain, the former Deutsche Bank AG XETR:DBK co-chief executive officer, died early on Saturday at the age of 59 after a long, serious illness, the bank said.”Anshu Jain played a key role in expanding Deutsche Bank’s position in our global business…

Digital Currency, Forex, News, Stock Market

Former Deutsche Bank co-CEO Anshu Jain dies – Bloomberg News

Posted on August 13, 2022 By TradingView

Anshu Jain, the former Deutsche Bank AG XETR:DBK co-chief executive officer has died after suffering from cancer for five years, Bloomberg News reported on Saturday. “We are deeply saddened that our beloved husband, son, and father, Anshu Jain, passed …

Digital Currency, Forex, News, Stock Market

Indian Oil Corporation Ltd (IOCL) increases Purified Terephthalic Acid (PTA) prices in the domestic market of India

Posted on August 13, 2022 By TradingView

A domestic industry source informed the Polymerupdate team about price revision of PTA announced by Indian Oil Corporation Ltd (IOCL). The source said, “PTA local prices have been raised by Rs.1.60/kg basic, with effect from August 13, 2022. The new ba…

Digital Currency, Forex, News, Stock Market

U.S. and Switzerland working on facilitating pharma trade – U.S. ambassador

Posted on August 13, 2022 By TradingView

The United States and Switzerland can move towards free trade between their countries with sectoral deals and they are working on facilitating business in the pharmaceutical sector, the U.S. ambassador to Switzerland told the Tages Anzeiger newspaper.S…

Digital Currency, Forex, News, Stock Market

Tokyo’s Nikkei share average rises 2.01 pct

Posted on August 12, 2022 By TradingView

TOKYO, Aug 12 (Reuters) – Japan’s benchmark Nikkei average TVC:NI225 rises 2.01 percent to 28,378.58 on Friday, while the broader Topix TSE:TOPIX gained 1.40 percent to 1,960.65.

Digital Currency, Forex, News, Stock Market

Tokyo’s Nikkei share average opens up 1.55 pct

Posted on August 12, 2022 By TradingView

TOKYO, Aug 12 (Reuters) – Japan’s benchmark Nikkei average TVC:NI225 opened up 1.55 percent at 28,251.74 on Friday, while the broader Topix TSE:TOPIX gained 1.07 percent at 1,954.30.

Digital Currency, Forex, News, Stock Market

SK Hynix to break ground on new U.S. chip packaging plant early next year-sources

Posted on August 12, 2022 By TradingView

South Korea’s SK Hynix aims to select a U.S. site for its advanced chip packaging plant and break ground there around the first quarter of next year, two people familiar with the matter said, helping the United States to compete as China pours money in…

Digital Currency, Forex, News, Stock Market

Power has been restored after Toronto outage, Hydro One says

Posted on August 11, 2022 By TradingView

Hydro One said power has been restored in Toronto after an outage on Thursday that lasted nearly eight hours and affected about 10,000 customers.

Digital Currency, Forex, News, Stock Market

Wall Street Finance Appoints New CFO

Posted on August 11, 2022 By TradingView

Wall Street Finance (BOM:511147) has appointed Pooja Mishra as the chief financial officer of the company, with effect from Thursday, according to a post-market hours filing the same day.

Digital Currency, Forex, News, Stock Market

First Ukraine grain deal ship docks in Turkey after Lebanese buyer refused delivery

Posted on August 11, 2022 By TradingView

The first grain ship to depart from Ukraine under a U.N.-brokered deal docked in Turkey on Thursday after 11 days at sea, Refinitiv data showed, and the ship’s agent in Turkey said it would continue to Egypt after unloading part of its cargo.The Razoni…

Digital Currency, Forex, News, Stock Market

TSX opens higher as Canada Goose jumps

Posted on August 11, 2022 By TradingView

Canada’s main stock index on Thursday rose at the open, helped by strong quarterly results from Canada Goose TSX:GOOS on resilient luxury demand, while extending gains after lower-than-expected U.S. inflation data. At 9:31 a.m. ET (1331 GMT), the Toron…

Digital Currency, Forex, News, Stock Market

South Africa’s Rain proposes merger with Telkom

Posted on August 11, 2022 By TradingView

South Africa’s data network provider Rain said on Thursday it had made a formal request to present the board of Telkom SA JSE:TKG with a merger proposal to combine the two businesses.Rain said its proposal would be an alternative offer to that made by …

Digital Currency, Forex, News, Stock Market

Wall St rises on more signs of cooling inflation

Posted on August 11, 2022 By TradingView

Wall Street’s main indexes opened higher on Thursday, extending a rally from the previous session as fresh evidence of cooling inflation further cemented expectations of a smaller rise in interest rates. The Dow Jones Industrial Average DJ:DJI rose 142…

Digital Currency, Forex, News, Stock Market

MeiraGTx’s Q2 Net Loss Per Diluted Share Widens; Expects Sufficient Capital Through Q4 2024

Posted on August 11, 2022 By TradingView

MeiraGTx Holdings NASDAQ:MGTX reported a Q2 net loss Thursday of $0.76 per diluted share, wider than its loss of $0.46 a year earlier. Four analysts polled by Capital IQ forecast a loss of $0.62. Related party license revenue was $10.8 million for the …

Digital Currency, Forex, News, Stock Market

UK’s Liz Truss ready to speed up tax cut plan, newspaper says

Posted on August 6, 2022 By TradingView

Liz Truss, the front-runner to become Britain’s next prime minister, plans to rush through tax cuts earlier than planned in an attempt to boost the country’s flagging economy, the Sunday Telegraph reported.Truss was considering accelerating by six mont…

Digital Currency, Forex, News, Stock Market

Musk challenges Twitter CEO to public debate on bots

Posted on August 6, 2022 By TradingView

Elon Musk on Saturday challenged Twitter Inc (BCBA:TWTRC) Chief Executive Officer Parag Agrawal to a public debate about the percentage of bots on the social media platform. “Let him prove to the public that Twitter has

Digital Currency, Forex, News, Stock Market

Berkshire CEO-designate Abel sells stake in energy company he led for $870 million

Posted on August 6, 2022 By TradingView

Berkshire Hathaway Inc (BCBA:BRKBC) said on Saturday that Vice Chairman Greg Abel, who is next in line to succeed billionaire Warren Buffett as chief executive, sold his 1% stake in the company’s Berkshire Hathaway Energy unit for $870 million.In its q…

Digital Currency, Forex, News, Stock Market

Tanzania to reduce liquidity in H2 in bid to tackle inflation -central bank

Posted on August 6, 2022 By TradingView

Tanzania will reduce liquidity over the rest of 2022 in order to tackle a surge of inflation, the central bank’s Monetary Policy Committee (MPC) said on Saturday. “The MPC approved the Bank of Tanzania to reduce the speed of expanding liquidity in the …

Digital Currency, Forex, News, Stock Market

Berkshire Hathaway posts massive $43.8 bln loss; operating results improve

Posted on August 6, 2022 By TradingView

The slide in U.S. stock prices punished Berkshire Hathaway Inc’s (BCBA:BRKBC) bottom line in the second quarter as the company run by billionaire Warren Buffett posted a $43.8 billion loss.Berkshire nevertheless generated nearly $9.3 billion of profit …

Digital Currency, Forex, News, Stock Market

Stocks end mostly lower as investors assess Fed path after hot July jobs report

Posted on August 5, 2022 By MarketWatch.com - MarketPulse

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…

News, Stock Market

WSJ: Pfizer considering buying Global Blood Therapeutics for roughly $5 billion

Posted on August 5, 2022 By MarketWatch.com - MarketPulse

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…

News, Stock Market

Applied DNA stock surges again, for 4-day gain of more than 870%

Posted on August 5, 2022 By MarketWatch.com - MarketPulse

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…

News, Stock Market

AMTD Digital’s stock extends pullback after seesaw morning trading

Posted on August 5, 2022 By MarketWatch.com - MarketPulse

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 …

News, Stock Market

Carvana shares speed toward best day in more than two years

Posted on August 5, 2022 By MarketWatch.com - MarketPulse

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…

News, Stock Market

Zillow stock gets a downgrade at Wedbush amid ‘softer trends’ throughout the business

Posted on August 5, 2022 By MarketWatch.com - MarketPulse

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…

News, Stock Market

U.S. stocks open lower after stronger-than-expected jobs report

Posted on August 5, 2022 By MarketWatch.com - MarketPulse

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…

News, Stock Market

Virgin Galactic stock dives after analyst says ‘SELL’ after launch delay, stock sale plan

Posted on August 5, 2022 By MarketWatch.com - MarketPulse

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…

News, Stock Market

July US Nonfarm Payrolls Rise Much Faster Than Expected, Unemployment Rate Drops to Pre-Pandemic Low

Posted on August 5, 2022 By TradingView

The July employment report showed nonfarm payrolls surged by 528,000, more than double the 250,000 jobs increase expected in a survey compiled by Bloomberg, while June payrolls saw an upward revision to a 398,000 increase. Private payrolls rose by 471,…

Digital Currency, Forex, News, Stock Market

Statistics Canada on The Jobs Report for July

Posted on August 5, 2022 By TradingView

Statistics Canada Friday said that the Labour Force Survey (LFS) of July posted 31,000 job losses while the unemployment rate was unchanged at 4.9%. MUFG provided a consensus in which it expected 15,000 job gains and an unemployment rate of 5.0%. Emplo…

Digital Currency, Forex, News, Stock Market

Heroux-Devtek Q1 EPS $0.03 Vs $0.19 Year Ago, Misses Estimates; Details Multi-Year Contract With Boeing

Posted on August 5, 2022 By TradingView

Heroux-Devtek Inc. (TSX:HRX), a manufacturer of aerospace products and the world’s third-largest landing gear maker, said on Friday Q1 net income dropped to $0.97 million, or $0.03 per diluted share, from $6.7 million, or $0.19 per share, a year earlie…

Digital Currency, Forex, News, Stock Market

Goodyear Tire stock jumps nearly 5% after profit, sales rises above expectations

Posted on August 5, 2022 By MarketWatch.com - MarketPulse

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…

News, Stock Market

Canopy Growth swings to big loss as revenue falls 19%

Posted on August 5, 2022 By MarketWatch.com - MarketPulse

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…

News, Stock Market

DraftKings stock shoots up after narrower-than-expected loss, revenue that climbed above forecasts

Posted on August 5, 2022 By MarketWatch.com - MarketPulse

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…

News, Stock Market

Warner Bros. Discovery stock downgraded amid ‘a lot of post-merger growing pains’

Posted on August 5, 2022 By MarketWatch.com - MarketPulse

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…

News, Stock Market

Twitter stock falls after analyst downgrades, citing ‘uncertainty and disruption’ surrounding Elon Musk buyout deal

Posted on August 5, 2022 By MarketWatch.com - MarketPulse

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…

News, Stock Market

AMC Networks earnings miss expectations while streaming subscriber growth tops, new CEO named

Posted on August 5, 2022 By MarketWatch.com - MarketPulse

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…

News, Stock Market

Cinemark stock drops after swinging to surprise loss, while revenue rises more than 150% to beat expectations

Posted on August 5, 2022 By MarketWatch.com - MarketPulse

Shares of Cinemark Holdings Inc. dropped 1.8% in premarket trading Friday, after the movie theater operator swung to a surprise loss, while revenue more than doubled to beat expectations as attendance nearly tripled. The net loss was $73.4 million, or…

News, Stock Market

Lion Electric swings to profit on one-time gain, and revenue rises 77% but is shy of expectations

Posted on August 5, 2022 By MarketWatch.com - MarketPulse

Lion Electric Co. said Friday that it swung to a second-quarter profit, helped by a large one-time gain, while revenue rose 77% but was a bit shy of expectations. The maker of electric urban trucks and buses said net income for the quarter to June 30 …

News, Stock Market

Coronavirus tally: Official tally of U.S. cases seems to be falling although not all test results are being gathered

Posted on August 5, 2022 By MarketWatch.com - MarketPulse

The daily average for new U.S. cases may have started to decline, but not all data are being captured as many people are testing at home. The average stood at 118,380 on Thursday, according to a New York Times tracker, down 8% from two weeks ago. The a…

News, Stock Market

Chegg stock flies higher as earnings, revenue decline but top expectations

Posted on August 4, 2022 By MarketWatch.com - MarketPulse

Shares of Chegg Inc. were moving nearly 10% higher in after-hours action Thursday after the study-tools company exceeded expectations with its second-quarter financials. The company posted net income of $7.5 million, or 6 cents a share, compared with …

News, Stock Market

Atlassian stock pops after revenue beat

Posted on August 4, 2022 By MarketWatch.com - MarketPulse

Shares of Atlassian Corp. PLC were up more than 10% in after-hours trading Thursday after the software company beat revenue expectations for its most recent quarter. The company posted a fiscal fourth-quarter net loss of $105.5 million, or 41 cents a …

News, Stock Market

Virgin Galactic plans to sell more stock as launch pushed back

Posted on August 4, 2022August 5, 2022 By MarketWatch.com - MarketPulse

Virgin Galactic Holdings Inc. is seeking to sell up to $300 million worth of shares in an “at the market” offering, after the space-tourism company pushed back the launch of its first commercial space visit. In a filing with the Securities and Exchang…

News, Stock Market

Expedia rides ‘strong’ travel rebound to earnings beat

Posted on August 4, 2022 By MarketWatch.com - MarketPulse

Expedia Group Inc. shares were headed 6% higher in after-hours trading Thursday after the online-travel company topped expectations with its latest results amid a strong rebound in travel. The company reported a net loss of $185 million, or $1.17 a sh…

News, Stock Market

GoPro earnings top estimates, but executives warn of headwinds

Posted on August 4, 2022 By MarketWatch.com - MarketPulse

Shares of GoPro Inc. were headed slightly higher in after-hours trading Thursday after the maker of action cameras topped expectations with its second-quarter results but acknowledged that inflation and foreign exchange could weigh on performance in t…

News, Stock Market

Virgin Galactic launch delayed yet again, stock falls

Posted on August 4, 2022 By MarketWatch.com - MarketPulse

Virgin Galactic Holdings Inc. delayed its initial launch of tourists into space for the third time in less than a year Thursday, sending shares back toward earth. In a quarterly earnings report, executives said the beginning of its commercial space-to…

News, Stock Market

Carvana posts wider loss than expected but stock pops

Posted on August 4, 2022 By MarketWatch.com - MarketPulse

Shares of Carvana Co. were rocketing 11% in after-hours trading Thursday, though the used-car retailer missed expectations with its second-quarter revenue and logged a larger loss than analysts were anticipating. Carvana recorded a net loss of $238 mi…

News, Stock Market

Dow, S&P 500 end lower as investors await Friday’s jobs report

Posted on August 4, 2022 By MarketWatch.com - MarketPulse

U.S. stocks closed mostly lower on Thursday, ahead of the release of Friday’s employment report for July, with investors hoping it will provide insights into whether America’s roaring labor market is exhibiting signs of cooling. The Dow Jones Industria…

News, Stock Market

U.S. declares monkeypox a public health emergency

Posted on August 4, 2022 By MarketWatch.com - MarketPulse

The U.S. has declared the monkeypox outbreak a public health emergency, according to a federal health official. The Department of Health and Human Services can declare a 90-day public health emergency that allows HHS Secretary Xavier Becerra to take ad…

News, Stock Market

Schumer says he expects Senate to begin voting on climate and tax bill Saturday

Posted on August 4, 2022 By MarketWatch.com - MarketPulse

Senate Majority Leader Chuck Schumer said Thursday he expects the chamber will begin voting on Democrats’ $739 billion climate, healthcare and tax legislation on Saturday. Known as the Inflation Reduction Act, it was introduced last week by Schumer and…

News, Stock Market

U.S. crude-oil benchmark closes below $90 a barrel for first time since February

Posted on August 4, 2022 By MarketWatch.com - MarketPulse

Oil futures fell sharply Thursday, with the U.S. benchmark ending below the $90 a barrel threshold as investors worried about the risk of a global economic slowdown that could crimp demand. West Texas Intermediate crude for September delivery ended …

News, Stock Market

Gold futures score highest finish in a month, top $1,800 as investors focus on U.S. recession odds

Posted on August 4, 2022 By MarketWatch.com - MarketPulse

Gold prices finished 1.7% higher on Thursday to reclaim a footing above the key $1,800 mark, as investors focused on the chances of the U.S. economy slipping into a recession. December gold closed up 1.7% to settle at $1,806.90 an ounce on Comex, the…

News, Stock Market

Fortinet stock on track for worst day in nearly 7 years

Posted on August 4, 2022 By MarketWatch.com - MarketPulse

Fortinet Inc. shares were on track for their worst day in nearly seven years Thursday after the cybersecurity company reported a slight beat on earnings and an unimpressive outlook. Fortinet shares dropped as much as 17% to an intraday low of $52, put…

News, Stock Market

AMTD Digital stock loses more than half its value in 2 days, on more subdued trading

Posted on August 4, 2022 By MarketWatch.com - MarketPulse

Shares of AMTD Digital Inc. tumbled 38.1% in midday trading Thursday, and have now shed 59.4% in two days, after the recently public Hong Kong-based digital business developer made headlines with a 3,729% rocket ride amid a six-day win streak. Volume …

News, Stock Market

Applied DNA Sciences pulls back after 6-fold surge in 2 days, after ‘upsized’ equity offering prices

Posted on August 4, 2022 By MarketWatch.com - MarketPulse

Shares of Applied DNA Sciences Inc. pulled back 5.1% in morning trading Thursday, after the biotechnology company announced the pricing of its “upsized” public equity offering. The stock’s decline comes after it blasted 502.9% higher over the past two…

News, Stock Market

U.S. stocks struggle for direction after unemployment claims climb

Posted on August 4, 2022 By MarketWatch.com - MarketPulse

U.S. stocks were struggling for direction Thursday morning after unemployment claims data signaled a softening labor market. The Dow Jones Industrial Average was down 0.1% soon after the opening bell, while the S&P 500 and Nasdaq Composite were flip…

News, Stock Market

Crocs stock dips after earnings as company cuts forecast

Posted on August 4, 2022 By MarketWatch.com - MarketPulse

Shares of Crocs Inc. were off more than 7% in premarket trading Thursday after the company, which sells shoes under the Crocs and Heydude brands, beat expectations with its second-quarter results but cut its forecast. The company reported net income o…

News, Stock Market

Nikola stock jumps toward 3-month high after revenue beat expectations, and delivery target affirmed

Posted on August 4, 2022 By MarketWatch.com - MarketPulse

Shares of Nikola Corp. shot up 5.2% toward a three-month high in premarket trading Thursday, after the electric vehicle maker reported a narrower-than-expected loss and revenue that beat forecast, and reiterated its target for Tre BEV truck deliveries…

News, Stock Market

Global Blood Therapeutics shares jump 34% after Bloomberg report about ‘takeover interest’

Posted on August 4, 2022 By MarketWatch.com - MarketPulse

Shares of Global Blood Therapeutics Inc. were up 34.4% in premarket trading on Thursday after Bloomberg reported that the company is “attracting takeover interest,” citing people familiar with the matter. Global Blood Therapeutics markets a treatment …

News, Stock Market

Penn National Gaming stock falls after profit falls below expectations, while revenue tops forecasts

Posted on August 4, 2022 By MarketWatch.com - MarketPulse

Shares of Penn National Gaming Inc. slumped 1.3% in premarket trading Thursday, after the online gaming and sports betting company and Barstool Sports partner reported second-quarter profit that missed expectations but revenue that topped, as rising e…

News, Stock Market

NanoViricides shares soar 41% after announcing plans to develop a monkeypox treatment

Posted on August 4, 2022 By MarketWatch.com - MarketPulse

Shares of NanoViricides Inc. jumped 41.8% in premarket trading on Thursday after the company said it began developing a monkeypox treatment. There are currently no approved or authorized therapies for monkeypox, though the Food and Drug Administration…

News, Stock Market

OGE Energy Reports Lower Q2 Profit, Higher Revenue

Posted on August 4, 2022 By TradingView

OGE Energy (NYSE:OGE) on Thursday reported Q2 net income of $0.36 per diluted share, down from $0.56 per share a year earlier. Analysts polled by Capital IQ expected $0.42 per share. Operating revenue for the quarter ended June 30 rose to $803.7 millio…

Digital Currency, Forex, News, Stock Market

Kuwait’s Agility finalises acquisition of UK aviation services group John Menzies

Posted on August 4, 2022 By TradingView

Kuwait’s Agility (DFM:AGLTY), one of the largest Gulf logistics companies, said on Thursday it has finalised its 763 million-pound ($924.37 million) acquisition of British aviation services company John Menzies (LSE:68HN).Agility said it will combine t…

Digital Currency, Forex, News, Stock Market

SNC-Lavalin Q2 Adjusted Diluted EPS $0.31, Total Revenue $1.87 Billion; Reaffirms 2022 Outlook

Posted on August 4, 2022 By TradingView

SNC-Lavalin Group (TSX:SNC) on Thursday reported adjusted diluted EPS from Professional Services and Project Management, or PS&PM, activities of $53.8 million, or $0.31 per diluted share, unchanged from a year earlier. Analysts polled by Capital IQ exp…

Digital Currency, Forex, News, Stock Market

Kellogg raises forecast for full-year sales, profit

Posted on August 4, 2022 By TradingView

Kellogg Co (SWB:KEL) raised its full-year forecast for sales and adjusted operating profit on Thursday, banking on higher prices and resilient demand for its breakfast cereals and snacks. Kellogg, like other global packaged food makers, has been steadi…

Digital Currency, Forex, News, Stock Market

Dollar edges down as impact of hawkish Fed commentary fades

Posted on August 4, 2022 By TradingView

The dollar edged down against most major currencies on Thursday as the positive impact of hawkish Federal Reserve comments faded and investors waited for more signs on the data front to confirm that more large rate hikes to curb inflation were coming.T…

Digital Currency, Forex, News, Stock Market

Fastly stock declines following outlook, new CEO

Posted on August 3, 2022 By MarketWatch.com - MarketPulse

Fastly Inc. shares declined in the extended session Wednesday after the cloud-software company forecast a weaker-than-expected outlook and announced a new chief executive. Fastly shares declined 4% after hours, following a 7.3% rise in the regular ses…

News, Stock Market

Howard Hughes stock rallies after surprise profit

Posted on August 3, 2022 By MarketWatch.com - MarketPulse

Howard Hughes Corp. shares rallied in the extended session Wednesday after the real-estate manager reported a surprise profit. Howard Hughes shares surged more than 15% after hours, following a 1.7% rise in the regular session to close at $69.80. The …

News, Stock Market

Fortinet stock falls following split outlook

Posted on August 3, 2022 By MarketWatch.com - MarketPulse

Fortinet Inc. shares fell in the extended session Wednesday after some of the cybersecurity company’s outlook slipped below the Wall Street consensus following a slight beat. Fortinet shares dropped 11% after hours, following a 4.2% rise in the regula…

News, Stock Market

Fisker says $5,000 Ocean One pre-orders have sold out, production set for Nov. 17

Posted on August 3, 2022 By MarketWatch.com - MarketPulse

Fisker Inc. revealed Wednesday that 5,000 customers have paid $5,000 to pre-order the first electric Ocean SUVs produced by the company, and confirmed a November production launch of the vehicles. “We are delighted to announce that the 5,000 limited e…

News, Stock Market

Qorvo stock rallies on earnings beat

Posted on August 3, 2022 By MarketWatch.com - MarketPulse

Qorvo Inc. shares rallied in the extended session Wednesday after the semiconductor company topped Wall Street estimates for the quarter. Qorvo shares rallied more than 7% after hours, following a 3.6% gain in the regular session to close at $106.87. …

News, Stock Market

Lucid stock plunges after electric-vehicle maker cuts production guidance for the year

Posted on August 3, 2022 By MarketWatch.com - MarketPulse

Shares of Lucid Group Inc. fell more than 10% in after-hours trading Wednesday after the electric-vehicle maker announced a reduction in its production forecast. Lucid said it now expects its 2022 production volume to hit 6,000 to 7,000 vehicles, afte…

News, Stock Market

Dow records best daily gain in a week, stocks sharply rally as investors focus on bright spots in earnings

Posted on August 3, 2022 By MarketWatch.com - MarketPulse

U.S. stocks booked powerful gains Wednesday, with the Dow sweeping to its best day in a week, as investors focus on bright spots in second-quarter corporate earnings. The blue-chip Dow Jones Industrial Average powered almost 500 points higher, or 1.5%…

News, Stock Market

Democrats’ climate and tax package would cut deficits by $101.5 billion, CBO estimates

Posted on August 3, 2022 By MarketWatch.com - MarketPulse

Senate Democrats’ Inflation Reduction Act would cut deficits by $101.5 billion between this year and 2031, the Congressional Budget Office said in an estimate on Wednesday. The nonpartisan agency also said in an analysis that the beefed-up tax enforcem…

News, Stock Market

Biden signs second executive order on protecting abortion access

Posted on August 3, 2022 By MarketWatch.com - MarketPulse

President Joe Biden on Wednesday signed an executive order intended to help Americans who travel across state lines for abortions. It followed another order signed last month, in the wake of the Supreme Court decision striking down Roe v. Wade. “We’re …

News, Stock Market

U.S. oil benchmark ends sharply lower after rise in crude, gasoline inventories

Posted on August 3, 2022 By MarketWatch.com - MarketPulse

Oil futures ended sharply lower on Wednesday after government data showed an unexpected rise in U.S. crude and gasoline inventories, wiping out early gains that came after OPEC+ delivered only a small increase in its September production target. West T…

News, Stock Market

Gold snaps 5-session win streak on Wednesday as traders focus on odds of a Fed pivot

Posted on August 3, 2022 By MarketWatch.com - MarketPulse

Gold prices finished lower on Wednesday, ending the longest streak of gains for the precious metal since April, as some traders reconsidered the odds of a pivot by the Federal Reserve away from its aggressive rate-hiking stance. December gold fell $1…

News, Stock Market

Facebook parent Meta Platforms explores first-ever sale of corporate bonds: report

Posted on August 3, 2022 By MarketWatch.com - MarketPulse

Facebook parent Meta Platforms Inc. has reportedly asked banks to look into demand for a potential corporate bond sale — what would be the tech giant’s first, according to a Bloomberg News report. Per the Bloomberg report, the company has reportedly…

News, Stock Market

Murphy Oil raises dividend by 43%, to boost the yield to over 3%

Posted on August 3, 2022 By MarketWatch.com - MarketPulse

Murphy Oil Corp. announced Wednesday a 42.9% bump up in its quarterly dividend, to 25.0 cents a share from 17.5 cents a share. The oil and natural gas exploration and production company’s new dividend will be payable Sept. 1 to shareholders of record …

News, Stock Market

Biden to sign $280 billion chips and science bill on Tuesday, White House says

Posted on August 3, 2022 By MarketWatch.com - MarketPulse

President Joe Biden will sign the $280 billion chips and science bill into law on Tuesday, and deliver remarks, the White House announced Wednesday. The bill, which was passed by both chambers of Congress last week, contains $52.7 billion for domestic…

News, Stock Market

Oil futures turn lower after unexpected rise in crude, gasoline inventories

Posted on August 3, 2022 By MarketWatch.com - MarketPulse

Oil futures turned lower Wednesday after government data showed U.S. crude and gasoline inventories unexpectedly rose last week. The Energy Information Administration said U.S. crude supplies were up 4.5 million barrels in the week ended July 29, while…

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U.S. factory orders rise 2% in June, above forecast

Posted on August 3, 2022 By MarketWatch.com - MarketPulse

U.S. factory orders rose 2% in June, the government said Wednesday, in a report that offered some good news about the economy. Economists polled by MarketWatch had forecast a 1.2% gain. Orders for durable goods made to last at least three years climbed…

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Tupperware stock rockets after profit drops sharply but beats expectations by a wide margin

Posted on August 3, 2022 By MarketWatch.com - MarketPulse

Shares of Tupperware Brands Corp. rocketed 60.6% toward a three-month high in morning trading Wednesday, enough to pace all NYSE gainers, after the food storage containers maker reported a sharp drop in second-quarter profit, but beat expectations by …

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Ford stock surges toward 3 1/2-month high after July U.S. vehicle sales jump, to buck industry declines

Posted on August 3, 2022 By MarketWatch.com - MarketPulse

Shares of Ford Motor Co. hiked up 5.9% toward a 3 1/2-month high in morning trading Wednesday, after the automaker reported a big jump in July vehicle sales in the U.S., despite an overall sales decline for the auto industry. The company said total sa…

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Russia’s Avtovaz offers Izhevsk staff $3,000 to quit voluntarily

Posted on August 3, 2022 By TradingView

Russia’s biggest carmaker Avtovaz (AVAZI_p.MM), which suspended some production due to sanctions and lack of components, is offering workers at its Izhevsk plant a one-off payment of about $3,000 to take voluntary redundancy, it said on Wednesday.Avtov…

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Rio Tinto, in Partnership With Midland Exploration, Completes VTEM Survey and Identifies New Conductors on Tete Nord Project

Posted on August 3, 2022 By TradingView

Midland Exploration (TSXV:MD) on Wednesday reported that the heliborne VTEM-type (VTEM) electromagnetic survey launched last March has been completed on the Tete Nord nickel-copper (Ni-Cu) property. This property is owned by Midland but has been under …

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Canadian dollar gains amid calmer equity markets

Posted on August 3, 2022 By TradingView

The Canadian dollar strengthened against its U.S. counterpart on Wednesday as risk appetite showed signs of recovery and ahead of key domestic data later in the week.World stocks (.WORLD) stabilized after they were pressured on Tuesday by increasing te…

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Stocks open higher after back-to-back losses

Posted on August 3, 2022 By MarketWatch.com - MarketPulse

U.S. stocks opened with gains Wednesday, attempting to bounce after back-to-back losses as investors weighed corporate earnings and the Federal Reserve’s plans for hiking interest rates in its bid to rein in inflation. The Dow Jones Industrial Average …

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Most Gulf markets close lower amid U.S.-China tensions

Posted on August 3, 2022 By TradingView

Most stock markets in the Gulf ended lower on Wednesday amid U.S.-China tensions over House Speaker Nancy Pelosi’s visit to Taiwan and as investors booked profits from a recent rally, with the Abu Dhabi index ending three sessions of gains.Saudi Arabia…

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Wall Street opens higher ahead of services activity data; PayPal shines

Posted on August 3, 2022 By TradingView

U.S. stock indexes opened higher on Wednesday after two days of declines as focus shifted to services activity data due later in the session for more clues on the health of the economy, while PayPal soared after raising its forecast.The Dow Jones Indus…

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Biden administration has reunited 400 kids separated from families at border during Trump era

Posted on August 3, 2022 By MarketWatch.com - MarketPulse

The Biden administration has reunited 400 children with their parents after they had been separated as migrants at the southern border under the Trump administration, according to multiple published reports. An NBC News report said more than 5,000 fami…

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Nucor to create 140 new jobs with new melt shop in Arizona

Posted on August 3, 2022 By MarketWatch.com - MarketPulse

Shares of Nucor Corp. tacked on 0.4% in premarket trading Wednesday, after the steel maker said it would create 140 new full-time jobs, as it adds a new $100 million melt shop at its bar mill in Kingman, Arizona. The company said the new jobs will pay…

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Massachusetts lawmakers OK measure to provide capital to social equity cannabis licensees

Posted on August 3, 2022 By MarketWatch.com - MarketPulse

Massachusetts Governor Charlie Baker is expected to sign into law S.3096, a measure aimed at supporting the 900 people harmed by the War on Drugs that have been enrolled in the commonwealth’s social equity program as well as future members of the progr…

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American Eagle discloses largest shareholder sold off more than 50% of stock holdings

Posted on August 3, 2022 By MarketWatch.com - MarketPulse

Shares of American Eagle Outfitters Inc. rallied 2.3% in premarket trading Wednesday, after the apparel and accessories retailer disclosed that its largest shareholder sold off more than half of its stake. The disclosure of the stake sale comes a week…

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UPDATE: LL Flooring stock slides 9% as earnings miss estimates as inflation and higher interest rates crimp consumer spending

Posted on August 3, 2022 By MarketWatch.com - MarketPulse

LL Flooring Inc. , the wood flooring company formerly called Lumber Liquidators, posted weaker-than-expected second-quarter earnings on Wednesday and sales that fell short of estimates, as inflation and higher interest rates crimped consumer spending. …

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Applied DNA stock soars more than 80% active trading, after quadrupling in the previous session

Posted on August 3, 2022 By MarketWatch.com - MarketPulse

Shares of Applied DNA Sciences Inc. shot up 84.0% in premarket trading, after they more than quadrupled in the previous session (up 311.2%) in the wake of the biotechnology company’s announcement that it had initiated a validation of a monkeypox virus…

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Southwest Gas stock sinks after decision to not sell the company

Posted on August 3, 2022 By MarketWatch.com - MarketPulse

Shares of Southwest Gas Holdings Inc. sank 8.4% in premarket trading Wednesday, after the Nevada-based gas and electric utility determined that the best way to maximize shareholder value is not to sell the company, but to continue to execute its strat…

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Alnylam’s stock jumps 57% after sharing positive news for its experimental RNAi therapy

Posted on August 3, 2022 By MarketWatch.com - MarketPulse

Shares of Alnylam Pharmaceuticals Inc. soared 57.0% in premarket trading on Wednesday after the company said its investigational RNAi therapeutic for a type of heart failure met the primary endpoint in a Phase 3 clinical trial. The randomized, double-…

News, Stock Market

Moderna’s stock rises 3% after beating earnings expectations in the second quarter

Posted on August 3, 2022 By MarketWatch.com - MarketPulse

Shares of Moderna Inc. gained 3.8% in premarket trading on Wednesday after the company beat earnings and revenue expectations in the second quarter of the year. Moderna had net income of $2.2 billion, or $5.24 per share, in the second quarter of the y…

News, Stock Market

USA Today reverses course and calls for end of cannabis prohibition

Posted on August 3, 2022 By MarketWatch.com - MarketPulse

The USA Today editorial board has reversed its past position on cannabis and come out in support of ending cannabis prohibition. While the newspaper flagged potential health problems caused by cannabis use, it argued that the “misguided war on drugs” c…

News, Stock Market

New York Times shares pop premarket after earnings beat consensus estimates

Posted on August 3, 2022 By MarketWatch.com - MarketPulse

New York Times Co. shares jumped 2.8% in premarket trade Wednesday, after the newspaper group posted better-than-expected profit and revenue for the second quarter. The company had net income of $61.8 million, or 37 cents a share, for the quarter, up …

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EU looks to replace gas from Russia with Nigerian supplies

Posted on July 23, 2022 By TradingView

The European Union is seeking additional gas supplies from Nigeria as the bloc prepares for potential Russian supply cuts, Matthew Baldwin, deputy director general of the European Commission’s energy department, said on Saturday.Baldwin was speaking in…

Digital Currency, Forex, News, Stock Market

Pakistan’s financing needs fully met for this year, says c.bank chief

Posted on July 23, 2022 By TradingView

Pakistan’s $33.5 billion external financing needs are fully met for financial year 2022/23, the central bank chief said on Saturday, adding that “unwarranted” market concerns about its financial position will dissipate in weeks.Fears have risen about P…

Digital Currency, Forex, News, Stock Market

Indian Oil Corporation Ltd (IOCL) raises Mono-ethylene glycol (MEG) prices in the domestic market of India

Posted on July 23, 2022 By TradingView

A domestic industry source informed the Polymerupdate team about price revision of MEG announced by Indian Oil Corporation Ltd (IOCL). The source said, “we have been told that MEG local prices have been increased by Re.0.50/kg basic, with effect from J…

Digital Currency, Forex, News, Stock Market

Indian Oil Corporation Ltd (IOCL) increases Purified Terephthalic Acid (PTA) prices in the domestic market of India

Posted on July 23, 2022 By TradingView

A domestic industry source informed the Polymerupdate team about price revision of PTA announced by Indian Oil Corporation Ltd (IOCL). The source said, “we have been told that PTA local prices have been raised by Re.0.20/kg basic, with effect from July…

Digital Currency, Forex, News, Stock Market

Indian Oil Corporation Ltd (IOCL) decreases Diethylene glycol (DEG) prices in the domestic market of India

Posted on July 23, 2022 By TradingView

A domestic industry source informed the Polymerupdate team about price revision of DEG announced by Indian Oil Corporation Ltd (IOCL). The source said, “we have been told that DEG local prices have been reduced by Re.0.70/kg basic, with effect from Jul…

Digital Currency, Forex, News, Stock Market

Top Cryptocurrencies Turn Lower; Bitcoin Holds Above $23,000

Posted on July 22, 2022 By TradingView

Major digital assets turned lower as of Friday late afternoon, tracking losses in the US equity markets. Bitcoin (BTC), the largest cryptocurrency by market value, was changing hands at $23,096, down 0.2% in the past 24 hours, after reaching a day high…

Digital Currency, Forex, News, Stock Market

CBOT wheat plunges 6% after Ukraine-Russia grain export deal

Posted on July 22, 2022 By TradingView

Chicago Board of Trade wheat futures tumbled nearly 6% on Friday after Russia and Ukraine signed a landmark deal to reopen Ukrainian Black Sea ports for grain exports, traders said.

Digital Currency, Forex, News, Stock Market

Dollar shrugs off dismal U.S. data to edge higher

Posted on July 22, 2022 By TradingView

The U.S. dollar shrugged off early weakness to edge higher against a basket of currencies on Friday, after data showed U.S. business activity shrank for the first time in nearly two years in July as a services slowdown outweighed manufacturing growth.S…

Digital Currency, Forex, News, Stock Market

Volkswagen Appoints Oliver Blume as Management Board’s Chairman

Posted on July 22, 2022 By TradingView

Volkswagen said Friday that its supervisory board named Oliver Blume as chairman of the management board, effective Sept. 1. Blume, who joined the Volkswagen Group in 1994, will succeed Herbert Diess, who will resign. The Germany-based automotive manuf…

Digital Currency, Forex, News, Stock Market

National Bank on the Week Ahead In Canada

Posted on July 22, 2022 By TradingView

In Canada, the release of GDP data for May next Friday will attract a lot of attention. Judging from industry-level reports published to date, economic output may have contracted 0.2% in the month, with positive contributions from retail, wholesale and…

Digital Currency, Forex, News, Stock Market

Biden’s doctor says his COVID symptoms have improved

Posted on July 22, 2022 By MarketWatch.com - MarketPulse

President Joe Biden has completed his first full day of treatment with antiviral drug Paxlovid and his symptoms due to COVID-19 “have improved,” said his physician, Dr. Kevin C. O’Connor, in a letter released Friday by the White House. Biden’s symptoms…

News, Stock Market

UBS downgrades Scotts Miracle-Gro to neutral

Posted on July 22, 2022 By MarketWatch.com - MarketPulse

Scotts Miracle-Gro Co. fell 0.7% on Friday after UBS downgraded the lawn care and cannabis growing equipment company to neutral from hold and cut its price target to $92 a share from $125 a share. “We believe limited top/bottom line recovery coupled w…

News, Stock Market

Nasdaq dragged down by Snap as stocks open mostly higher

Posted on July 22, 2022 By MarketWatch.com - MarketPulse

Stocks opened mostly higher Friday, but saw the Nasdaq Composite dragged down by a plunge for shares of social-media platform Snap Inc. The Dow Jones Industrial Average rose 124 points, or 0.4%, to 32,160, while the S&P 500 traded near unchanged afte…

News, Stock Market

Pottery Barn’s new collection was designed with the needs of those with disabilities, injuries and the elderly in mind

Posted on July 22, 2022 By MarketWatch.com - MarketPulse

Pottery Barn announced the launch of the Accessible Home Collection on Friday, a range of home items designed with the needs of those with disabilities, injuries and older customers in mind. Items for the bathroom, dining room, office and other parts o…

News, Stock Market

Conagra raises dividend by 5.6%

Posted on July 22, 2022 By MarketWatch.com - MarketPulse

Conagra Brands Inc. announced a 5.6% dividend hike on Friday. A quarterly dividend of 33 cents per share will be paid on September 1, 2022 to shareholders of record as of the close of business on August 3, 2022. Conagra stock is down 2.8% for the year…

News, Stock Market

Alphabet, Meta Platforms stocks knocked down by Snap’s selloff after disappointing earnings report

Posted on July 22, 2022 By MarketWatch.com - MarketPulse

Shares of internet companies suffered collateral damage Friday from Snap Inc.’s bombshell earnings report that led to a 30+% plunge in Snap’s stock. Shares of Alphabet Inc. sank 2.9%, Facebook parent Meta Platforms Inc. dropped 4.4% and Pinterest I…

News, Stock Market

Analyst says Santander’s exit from Banamex bidding may ease capital concerns

Posted on July 22, 2022 By MarketWatch.com - MarketPulse

Jefferies analyst Benjie Creelan-Sandford said Friday the confirmation from Banco Santander S.A. that it won’t continue bidding for Citigroup Inc.’s Banamex unit in Mexico should ease capital concerns. He reiterated a buy rating on the stock and said…

News, Stock Market

Schlumberger shares pop premarket after better-than-expected earnings as oil company raises guidance

Posted on July 22, 2022 By MarketWatch.com - MarketPulse

Schlumberger Ltd. shares jumped 2.7% in premarket trade Friday, after the French oil major posted stronger-than-expected earnings for the second quarter amid high oil prices and raised its full-year guidance. The Paris-based company posted net income …

News, Stock Market

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bitcoin
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-7.05%
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