Day: October 19, 2022
Gold futures declined Wednesday to settle at their lowest price in more than three weeks, as the U.S. dollar and Treasury yields strengthened on the back of expectations for further interest-rate increases from the Federal Reserve. The path of least resistance for gold is “to the downside and as support after support breaks, this will […]
Shares of Baker Hughes Co. BKR, +5.96% rose 0.9% in premarket trades Wednesday after the drill bit maker beat its adjusted earnings target. Baker Hughes reported a third-quarter loss of $17 million, or 2 cents a share, after net income of $8 million, or a penny a share, in the year-ago period. Third-quarter adjusted income […]
Travelers Cos. Inc. shares TRV, +4.29% rose 1.3% in premarket trade Wednesday, after the property & casualty insurer topped profit and revenue estimates for the third quarter. The company posted net income of $454 million, or $1.89 a share, for the quarter, down 31% from $662 million, or $2.62 a share, in the year-earlier period. […]
Shares of Procter & Gamble Co. PG, +1.18% rose 2.1% in premarket trading Wednesday, after the consumer packaged goods company reported fiscal first-quarter profit and sales that rose above expectations, as higher pricing provided a boost, but lowered its full-year sales outlook. Net income fell to $3.94 billion, or $1.57 a share, from $4.11 billion, […]
Oil futures climbed on Wednesday, with U.S. prices up by more than 3%. The oil market rebounded as the “tug-of-war between concerns over supply and fears over demand continue the back-and-forth” price action that has been a feature of the past few weeks, said Michael Hewson, chief market analyst at CMC Markets UK. The market […]
Turkish President Recep Tayyip Erdoğan shared new details about the country’s e-Human project powered by blockchain. 1742 Total views 16 Total shares Turkish President Recep Tayyip Erdoğan unveiled new details about the e-Human project powered by blockchain ahead of Turkey’s national blockchain summit. Cointelegraph Turkey reported the e-Human project will be based on blockchain tech […]
Shares of PTC Therapeutics Inc. PTCT, -10.35% were down 10.1% in trading on Wednesday morning, the day after the company said enrollment in a Phase 2 clinical trial for its Huntington’s disease treatment candidate has been paused. PTC told investors on Tuesday night that the Food and Drug Administration had requested additional information about the […]
U.S. stocks opened lower Wednesday amid rising yields as investors assessed fresh data on the housing market. The Dow Jones Industrial Average DJIA, -0.88% dipped 0.4% soon after the opening bell, while the S&P 500 SPX, -1.25% fell 0.5% and the Nasdaq Composite COMP, -1.51% slipped 0.8%, according to FactSet data, at last check. The […]
Shares of Establishment Labs Holdings Inc. ESTA, -12.80% tumbled 21.7% toward a 21-month low in premarket trading Wednesday, after short-seller Hindenburg Research took aim at the silicone breast implant company. Hindenburg alleged that it found most safety studies of the company’s products have “conflicts of interest,” and that many patient testimonials and multiple lawsuits dispute […]
Green Thumb Industries Inc. GTBIF, +5.07% GTII, +5.08% said Wednesday it will launch retail sales of cannabis for medical patients at “about” 10 Circle K stores in Florida. The Chicago and Vancouver-based cannabis company said its Rise Dispensaries inked a lease agreement with Circle K to test the rollout of more potential stores out of […]
