Day: October 4, 2022
Daily Market Outlook, October 3, 2022 Overnight Headlines Tory Revolt Forces Liz Truss To Delay 45p Tax Rate Vote – Telegraph UK PM Truss Admits Mistake In Communicating Economic Plan Credit Suisse CEO Seeks To Calm As Default Swaps Near 2009 Level Kwarteng Trying To Head Off Tory Rebellion Over Tax Cut Debacle S&P Puts […]
Shares of Gilead Sciences Inc. GILD, +1.02% rallied 3.2% in premarket trading Tuesday, after the biopharmaceutical company was upgraded at J.P. Morgan, which cited greater clarity on the human immunodeficiency virus (HIV) IV franchise and an emerging and undervalued oncology, or cancer treatment franchise. Analyst Christopher Schott raised his rating to overweight, after being at […]
Shares of Hut 8 Mining Corp. HUT, +7.30% HUT, +5.69% rallied 4.2% in premarket trading Tuesday, after the bitcoin miner said it generated 277 bitcoin BTCUSD, +1.75% in September, at an average rate of 9.2 bitcoin per day. That brings the company’s total bitcoin held in reserve to 8,388, which at current prices would be […]
The U.S. Centers for Disease Control and Prevention has dropped its country-by-country COVID-19 travel health notices that it began issuing early in the pandemic, the Associated Press reported. The reason: Fewer countries are testing for the virus or reporting the number of COVID-19 cases. That limits the CDC’s ability to calculate travelers’ risk, according to […]
Acuity Brands Inc. AYI, +1.38% reported Tuesday fiscal fourth-quarter profit and sales that rose above expectations, citing “strong demand” and an ability to capture price. Shares of the lighting company were still inactive in premarket trading. Net income for the quarter to Aug. 31 rose to $115.4 million, or $3.48 a share, from $98.1 million, […]
U.S. stocks opened higher Monday, with all three major benchmarks kicking off October with gains after an ugly September. The Dow Jones Industrial Average DJIA, +2.66% was up 1.2% soon after the opening bell, while the S&P 500 SPX, +2.59% rose 1.1% and the Nasdaq Composite COMP, +2.27% gained 0.8%, FactSet data show, at last […]
Ganesh Swami, CEO of blockchain data aggregator Covalent says there continues to be an “intense demand” for on-chain data analysts, that is yet to be satisfied. Speaking to Cointelegraph, Swami said that analysts are in “intense demand” as there’s a “real need” for data experts to “make sense” of on-chain data, explaining: “There is an […]
KalVista Pharmaceuticals Inc. shares KALV, -1.86% tumbled 47% in premarket trade Tuesday, after the company said it’s halting a Phase 2 trial of a treatment for hereditary angioedema, after multiple patients showed liver enzyme elevations. No patients had concomitant elevation of bilirubin levels and all were asymptomatic, the company said in a statement. “We made […]
Shares of Carnival Corp. CCL, -2.56% bounced 1.1% in morning trading Monday, reversing an earlier loss of as much as 6.4%, but underperformed shares of rival cruise operators and the broad stock market, after Stifel Nicolaus analyst Steven Wieczynski said Carnival’s issues are “company specific.” Trading volume was 43.1 million shares, enough to make the […]
The Supreme Court on Monday agreed to hear a case in which the family of a U.S. citizen who was killed in an ISIS attack in Paris in 2015 is suing Alphabet’s GOOG, +3.28% GOOGL, +3.13% Google business, according to multiple published reports. The case, Gonzalez v. Google, involves the scope of tech companies’ immunity […]
