Day: September 12, 2022
U.S. stocks opened higher Monday, extending last week’s bounce as investors look ahead to inflation data that will be released Tuesday morning. The Dow Jones Industrial Average DJIA, +0.95% rose 0.4% soon after the opening bell, while the S&P 500 SPX, +1.06% gained 0.6% and the Nasdaq Composite COMP, +0.99% advanced 0.5%, according to FactSet […]
Shares of Gilead Sciences Inc. GILD, +4.91% were up 5.2% in premarket trading on Monday after the company said in a securities filing that it settled a patent case that extends the exclusivity of its HIV franchise. The drug cited in the case is tenofovir alafenamide, which is included in the formulation of several Gilead […]
Yum Brands Inc. YUM, +1.86% said Monday its board has approved a share buyback program of up to $2 billion to be valid through June 30 of 2024. The operator of KFC, Taco Bell and Pizza Hut restaurants, said the authorization will take effect once its current program has been exhausted. The company still has […]
Target Corp. TGT, +0.69% said Monday it has entered a multiyear agreement with toy maker FAO Schwarz that will allow it to exclusively feature FAO’s toys at its stores, on Target.com and at FAO store locations starting in October. The company said all of its toy departments will have dedicated space for FAO Schwarz, and […]
On Monday, the BTC grew to 21,716 USD. This is good news, because previously there was little chance that digital assets would be able to recover after sales and a lengthy flat. So, an important local resistance area in the BTC is now at 21,900-22,000 USD. The next spto is 22,500 USD. The market will […]
EURUSD, “Euro vs US Dollar” On H4, at the resistance level, the pair has formed a Harami reversal pattern. For now, going by the pattern the pair might end up in a descending impulse. The goal of the correction might be 0.9990. However, the price might grow to 1.0140, bounce off it, and then continue […]
As a software-as-a-service provider, Fireblocks witnessed overwhelming interest in decentralized finance, blockchain and Web3 technologies. 1939 Total views 23 Total shares Fireblocks, a New York-based blockchain security service provider, made over $100 million in annual recurring revenue (ARR) this year, confirming the rising interest in the crypto ecosystem that contradicts negative investor sentiments. ARR relates […]
Lands’ End Inc. LE, +6.29% on Monday named Andrew McLean as CEO-designate to succeed Jerome Griffith, who will retire as CEO on Jan. 27 and become executive vice chair of the company’s board. McLean, who is president, international of American Eagle Outfitters Inc. AEO, +5.57%, will join Lands’ End on Nov. 1. Griffith will remain […]
The U.S. initial public offering market is bracing for what’s expected to be the biggest deal of the year so far, that of the spin-off of AIG’s AIG, +1.31% life insurance unit Corebridge Financial CRBG, , which is aiming to raise $1.8 billion. “At the expected deal size it’ll represent over a quarter of all […]
Wells Fargo analyst Steven Cahall downgraded shares of Cable One Inc. CABO, +2.10% to equal-weight from overweight Monday, warning of the spending trajectory ahead for the broader cable universe. “While we think CABO has the strongest/best network-nearly 70% fiber by mileage-it’s also well known that incremental competition is coming to all areas, including rural,” Cahall […]
