Day: April 16, 2022
Shares of Protagonist Therapeutics Inc. PTGX, -21.83% tumbled 27.8% in premarket trading on Thursday, the day after the company disclosed in a securities filing that it expects data from a Phase 2 clinical trial for its ulcerative colitis treatment candidate in the second quarter. It also told investors that the Food and Drug Administration is […]
Shares of Goldman Sachs Group Inc. GS, -0.10% rallied 1.7% in premarket trading Thursday, which would be enough to keep futures YM00, -0.27% for the Dow Jones Industrial Average DJIA, -0.33% in positive territory, in the wake of bank and broker’s first-quarter earnings report. The stock’s implied price gain would add about 36 points to […]
Stocks were trading with small gains after the opening bell Thursday in the final session of a holiday-shortened week, as investors weighed a raft of earnings from big Wall Street banks. The Dow Jones Industrial Average DJIA, -0.33% rose 181 points, or 0.5%, while the S&P 500 SPX, -1.21% was up 0.2%. The Nasdaq Composite […]
Tesla Inc. shares TSLA, -3.66% slid 2.7% Thursday, after its Chief Executive Elon Musk launched an unsolicited bid for Twitter Inc. TWTR, -1.68%, raising concerns he may end up running three companies. Musk is offering $54.20 per each Twitter share he does not already own, valuing the social media platform at more than $43 billion. […]
An earlier version of this report had incorrect sales numbers for 2021 and 2020. It has been corrected. Steinway Musical Instruments Holdings Inc., a company created in 1853 to make pianos, launched its initial public offering on Thursday with plans to list on the New York Stock Exchange, under the ticker ‘STWY.” “We are a […]
Business inventories rose 1.5% in February as companies tried to stock up low levels of products on hand. Sales in the month increased 1%, the government said Thursday. The inventory-to-sales ratio rose to 1.26 form 1.25. The ratio reflects how long it would take a company to sell all the goods sitting on warehouse shelves. […]
The U.S. Consumer Product Safety Commission said about 155,000 GE-brand French-door refrigerators with bottom freezers are being recalled, as the freezer handle can detach, posing a fall hazard. GE Appliances, a company of Louisville-based Haier, said the recall involves six models of the “fingerprint-resistant stainless steel” refrigerators sold from February 2020 through January 2022 for […]
Russia on Thursday warned of possible nuclear deployments if Finland and Sweden were to become NATO members, as the two Nordic neighbors took steps toward joining the alliance. Dmitry Medvedev, the deputy head of Russia’s Security Council, said there could no longer be talk about a nuclear-free status for the Baltic region if those two […]
The U.S. Energy Information Administration reported on Thursday that domestic natural-gas supplies rose by 15 billion cubic feet for the week ended April 8. That compared with an average weekly climb of 10 billion forecast by analysts surveyed by S&P Global Commodity Insights, which pegged the average five-year supply build at 33 billion. Total supplies […]
The U.S. Consumer Product Safety Commission said Thursday that Dollar Tree Inc. DLTR, +1.16% is recalling about 1.03 million “Crafter’s Square Glue Guns,” because they can malfunction when plugged in, posing fire and burn hazards. The glue guns, which were made in China and imported by Dollar Tree subsidiary Greenbrier International Inc., were sold nationwide […]