Day: October 11, 2022
Oil futures declined on Tuesday, stretching their losses into a second straight session. Prices weakened with recession fears “running high,” said Phil Flynn, senior market analyst at The Price Futures Group. Worries about energy demand from China on the back of rising COVID-19 infections also contributed to price pressures, he said. U.S. benchmark West Texas […]
Shares of SunPower Corp. SPWR, -5.22% dropped 5.7% in afternoon trading Tuesday, after BofA Securities turned bearish, citing concerns over relative valuation and pricing pressures. Analyst Julien Dumoulin-Smith cut his rating to underperform from neutral and lowered his stock price target to $18 — 11.1% below current levels — from $22. The stock has outperformed […]
Wedbush on Tuesday initiated overage of five non-alcoholic beverage companies including Keurig Dr Pepper KDP, +1.91%, The Coca-Cola Company KO, +0.28%, PepsiCo PEP, +0.43%, Monster Beverage Corp MNST, -1.37%, and Celsius Holdings CELH, -4.05%. Wedbush said Keurig Dr Pepper is its top pick, with an outperform rating and a price target of $43 a share. […]
Shares of Blue Apron Holdings Inc. APRN, -0.42% surged 11.0% in premarket trading Tuesday, after the company said its meal kits were not available for purchase through Amazon.com Inc. AMZN, -1.78% in the U.S., without a subscription. Blue Apron is offering its regular selection of meal kits, including its Ready to Cook, Family Recipes and […]
Shares of American Airlines Group Inc. AAL, +1.70% jumped 3.3% in premarket trading Tuesday, after the air carrier raised its third-quarter total and unit revenue growth outlooks. The company said it now expects total revenue to be up approximately 13% from the same period in pre-pandemic 2019, compared with previous guidance of a rise of […]
The bank will store private keys and provide bookkeeping services equivalent to those offered to fund managers in traditional assets. Source: Cointelegraph
Continued pressure on tech and tech-related shares killed an attempted bounce by the Nasdaq Composite a day after the index ended at its lowest in more than two years. The S&P 500 SPX, -0.71% also turned lower, on track for a fifth straight losing session in the final hour of trading Tuesday. The Dow Jones […]
Leaders of the Group of Seven nations on Tuesday pledged to support Ukraine “for as long as it takes,” as the country was under a fresh round of strikes from Russia. “We will continue to provide financial, humanitarian, military, diplomatic and legal support and will stand firmly with Ukraine for as long as it takes,” […]
The Federal Reserve should be wary of wishful thinking about inflation that would lead the central bank to pause hiking interest rates or reverse course, Cleveland Fed President Loretta Mester said on Tuesday. “Given current economic conditions and the outlook, in my view, at this point the larger risks come from tightening too little and allowing […]
Commercial Metals Co. CMC, +2.03% said Tuesday it has increased its quarterly dividend by 14.3%, to 16 cents a share from 14 cents a share. The steel maker and recycler said the new dividend will be payable Nov. 10 to shareholders of record on Oct. 27. Based on Monday’s stock closing price of $39.88, the […]
