Day: September 14, 2022
KeyBanc Capital Markets analysts on Wednesday said Walmart Inc. WMT, +0.38% and Target Corp. TGT, +0.91% appear to be well positioned to weather the current economic environment and grow profit margins. Analysts at KeyBanc initiated coverage of Walmart and Target with overweight ratings and price targets of $155 and $200 respectively. “While investors can find […]
Discover Financial Services DFS, -0.02% said Wednesday that it was hiring for 2,000 additional customer care positions. The payments and banking company is looking to add employees in Arizona, Delaware, Illinois, Ohio, and Utah, per a press release. The company added that New Jersey, Pennsylvania, and Maryland residents would be eligible to take positions in […]
The BTC has experienced a new decline. On Wednesday, the leading cryptocurrency is balancing near 20,303 USD though yesterday it rose to 22,780 USD. Yesterday the USD reversed abruptly after the US inflation statistics came out. The CPI in the US in August turned out to be 8.3% y/y while the forecast level had been […]
The British pound against the US dollar dropped to the week’s lows. The current quote is 1.1499. Yesterday the pound looked rather optimistic, but on Wednesday with the USD advancing all positive factors for the GBP faded away. After the inflation statistics in the US came out, expectations from the September meeting of the Fed […]
Music-related use cases for Web3 technologies are piling up as the industry goes all in on adoption. From democratizing song rights royalties and blockchain licensing to legacy companies like Sony Entertainment filing patents for nonfungible token- (NFT)-authenticated music. While electronic dance music and pop seem to be picking up the most attention in terms of NFT music, […]
Twilio Inc. TWLO, +4.53% said Wednesday that its board of directors has approved a restructuring plan that will see the company cut about 11% of its staff. The company, which makes software for customer communications, expects to take a $70 million to $90 million charge related to the restructuring plan and reflective of costs around […]
Shares of Altimmune Inc. ALT, -37.39% tumbled 44.4% in premarket trading on Wednesday after the company shared new data from an early-stage clinical trial for its experimental treatment for non-alcoholic fatty liver disease that failed to impress investors. The Phase 1b study met both the primary and secondary endpoints of reduction in liver fat content […]
Shares of Philip Morris International Inc. PM, +0.20% tacked on 0.9% in premarket trading Wednesday, after the cigarette and heated-tobacco products company raised its quarterly dividend by 1.6%, to $1.27 a share from $1.25 a share. The new dividend will be payable Oct. 12 to shareholders of record on Sept. 28. Based on Tuesday’s stock […]
Keurig Dr Pepper shares KDP, +0.81% rose 2% in premarket trade Wednesday, after the drinks company said its board has approved a 6.7% increase in its annualized dividend rate to 80 cents a share from 75 cents. The new dividend comes into effect with the quarterly dividend that was announced today, the company said in […]
Shares of Comcast Corp. CMCSA, +1.33% bounced 0.9% in premarket trading Wednesday, off the previous session’s 2 1/2-year closing low, after the cable TV and internet provider boosted its share repurchase program to $20 billion. So far this year, the company said it has repurchased $9 billion of its common stock, which represents 6.1% of […]
