Day: September 23, 2022
Shares of Spectrum Pharmaceuticals Inc. SPPI, -26.13% were down 22.0% in premarket trading on Friday, the day after a Food and Drug Administration committee voted 9-4 that the benefits of the company’s experimental lung-cancer drug do not outweigh the risks. The FDA is not required to follow the committee’s advice when deciding when to approve […]
Yeti Holdings Inc. YETI, -6.55% said Friday that Chief Financial Officer Paul Carbone is resigning effective Oct. 28, to pursue a business opportunity that will allow him to be closer to family in Boston. The provider of outdoor products such as coolers and drinkware and backpacks has commenced a search for a replacement. Shares were […]
The environmentally-focused financial product was introduced by a subsidiary of DeFi Technologies. 940 Total views 58 Total shares A subsidiary of DeFi Technologies, Valour, will debut its new Carbon Neutral Bitcoin Exchange Traded Product (ETP) on the Frankfurt Stock Exchange. Trading of the ETP begins on Sept. 23. The company positions its ETP as a […]
Credit reporting agencies Equifax Inc. EFX, -2.49%, TransUnion and Dublin-based Experian PLC EXPGY, -2.45% EXPN, -0.23% said Friday that they will continue to offer free weekly credit reports to U.S. consumers through the end of 2023. “This benefit will help consumers manage their financial health during a period of rising inflation and unprecedented economic uncertainty […]
Banking analyst Dick Bove of Odeon Capital said in a research note Friday that this week’s Capitol Hill hearings between bank CEOs and members of Congress revealed more topics of interest from Democrats than Republicans. “As might be expected, the Democrats had meaningful differences in interest from the Republicans,” Bove said. Democrat issues with banks […]
The Dow Jones Industrial Average DJIA, -0.35% is in danger of a fourth-straight selloff Friday, and is on track to break below the June closing low, as all of the index’s stocks trading in the premarket losing ground. The biggest loser is Chevron Corp.’s stock CVX, -0.08%, which slid 2.4% as crude oil futures CL00, […]
U.S. health officials say 4.4 million Americans have received the updated COVID-19 booster shot, the Associated Press reported. The Centers for Disease Control and Prevention posted the count Thursday as public health experts bemoaned President Joe Biden’s recent remark that “the pandemic is over.” The White House said more than 5 million people received the […]
US PMIs Up Next The next set of US PMI reports for the services and manufacturing sectors are due today and will be closely watched following the downside surprises seen last month. The drop in business activity in July saw the services sector reading falling into contractionary territory at 43.7, this time around the market […]
PMIs Turn Lower Still The latest round of Eurozone PMIs today highlighted worsening economic conditions in the single customs union. Both services and manufacturing sector readings were seen plunging further into contractionary territory last month. The manufacturing PMI was seen falling to 48.5 from 49.6, below forecasts for a 48.7 reading. Services, meanwhile, was seen […]
China’s push for blockchain technology gained steam after 2019 when President Xi Jinping called for corporations from tech giants to become industry leaders in the nascent tech. 176 Total views 3 Total shares China accounts for 84% of all blockchain applications filed worldwide, according to the latest data shared by the country’s government official. China […]
