Day: September 28, 2022
Shares of Apple Inc. AAPL, -4.02% dropped 3.8% to pace the Dow Jones Industrial Average’s DJIA, +0.15% premarket losers, after Bloomberg reported overnight that an expected surge in demand for new iPhones have failed to materialize. The report said Apple is dropping plans to boost production as a result. Apple’s stock is on track to […]
The next Bitcoin (BTC) bull run will have to be much different from historical cryptocurrency rallies in terms of story and utility, Galaxy Digital CEO Mike Novogratz believes. Compared to previous bull runs, the next Bitcoin rally will have to be more focused on utility and less on the story, Novogratz predicted at a panel […]
Johnson & Johnson JNJ, -0.46% unveiled Wednesday the name for its New Consumer Health Company that is being spun off: Kenvue. The name, pronounced ken-view, comes from the English word “ken,” which is primarily used on Scotland and means knowledge, and “vue,” which references sight. Kenvue, which will become a standalone company in 2023, will […]
Shares of Atlis Motor Vehicles Inc. AMV, +198.62% are set to skyrocket again on Wednesday, the second day that the electric truck and battery maker trades on the Nasdaq. On Tuesday, the company debuted with the stock shooting up $54.62, or 198.6%, to close at $82.12. In Wednesday’s premarket, the stock leads all gainers as […]
Shares of Thor Industries Inc. THO, +4.17% shot up 4.6% in premarket trading Wednesday, after the recreational vehicle maker reported a big profit beat for the fiscal fourth-quarter, as sales rose above forecasts and margins improved. Net income for the quarter to July 31 climbed to $280.9 million, or $5.15 a share, from $230.3 million, […]
Yields on U.K. government debt tumbled after the Bank of England said it would temporarily buy securities. “The purpose of these purchases will be to restore orderly market conditions. The purchases will be carried out on whatever scale is necessary to effect this outcome,” the central bank said. It also postponed planned gilt sales for […]
Shares of psychedelics company Mind Medicine Inc. MNMD, +6.43% slid 35.6% in premarket trade Wednesday, after the company priced a dilutive secondary offering of 7.1 million shares. The offering priced at $4.25 a share, below the stock’s closing price Tuesday of $6.12. The company also offered an equal number of warrants, which can be used […]
The theory is “not convincing enough to accuse the Wintermute project,” wrote BlockSec, as it highlighted that Wintermute’s actions during the hack made sense given the circumstances. 874 Total views 27 Total shares Blockchain security firm BlockSec has debunked a conspiracy theory alleging the $160 million Wintermute hack was an inside job, noting that the […]
The heads of the U.S. Department of Health and Human Services and the World Health Organization came away from the first U.S.-WHO Strategic Dialogue on Tuesday with a commitment to the creation of a new financial intermediary fund for global pandemic prevention, preparedness, and response, and urged other world leaders to help fund it. Xavier […]
Steven Goldstein is based in London and responsible for MarketWatch’s coverage of financial markets in Europe, with a particular focus on global macro and commodities. Previously, he was Washington bureau chief, directing MarketWatch’s economic, political and regulatory coverage. Follow Steve on Twitter: @MKTWgoldstein.