Day: October 20, 2022
An earlier version of this article incorrectly characterized Michael Dell’s role in MSD. This has been corrected. BDT & Company Holdings LLC and MSD Partners LP said they would combine in a merger of two investment firms involving billionaires. The name of the combined firm had not yet been determined. Billionaire Byron Trott of BDT, […]
Shares of real estate services companies rallied Thursday, after data showing that existing-home sales fell again in September, but managed to beat expectations. Zillow Group Inc.’s stock Z, +2.02% ZG, +2.07% surged 1.9% in morning trading, reversing an earlier decline of as much as 0.8%, while Redfin Corp. shares RDFN, +4.17% jumped 4.6% after being […]
U.S. stocks opened marginally lower on Thursday as investors reacted to Treasury yields touching 14-year highs, along with Tesla Inc. TSLA, -3.54% earnings that fell short of expectations and the resignation of U.K. Prime Minister Liz Truss. The S&P 500 SPX, +0.76% fell 4.5 points, or 0.1%, to 3,690. The Nasdaq Composite COMP, +1.30% shed […]
D.A Davidson on Thursday cut its rating on financial services firm Comerica Inc. CMA, -1.91% to neutral from buy. Analyst Peter Winter said one main reason for the downgrade is that Comerica’s net interest income may peak in the fourth quarter, with some downside risk. He also cited deposit outflows that are “more than expected […]
Leafly Inc. LFLY, +1.74% is eliminating about a fifth of its jobs as it moves to generate cost savings. The cannabis marketplace said it’s cutting 56 positions, or 21% of its workforce, through layoffs and attrition. Leafly will book a $500,000 charge in the fourth quarter for expenses related to the move. The company said […]
American Airlines Group Inc. [s:aal] shares jumped 2.4% before market open, lifted by the company’s third-quarter results and robust fourth-quarter guidance. The carrier earned 69 cents a share on net income of $483 million, compared with a loss of 25 cents a share on net income of $169 million in the prior-year’s quarter. Excluding items, […]
N26 Crypto is already available for Austrian customers and is planned to be rolled out in other key markets. 1099 Total views 21 Total shares The $9 billion-valuated German fintech N26 launched crypto trading on its mobile app. Starting from Austria and rolling out to other countries in the upcoming months, N26 Crypto will let […]
In a brief statement, U.K. Prime Minister Liz Truss announced her resignation. Truss said she cannot deliver on the mandate she won in the Conservative election, and said a new leadership election will be held in a week. Betting markets suggest that Rishi Sunak, the former chancellor, may succeed her. The pound was stronger on […]
Nucor Corp NUE, -2.24% shares fell 4.8% in premarket trades after the steel company missed its third-quarter earnings target and said it’s facing more economic headwinds. Third-quarter earnings fell to $1.7 billion, or $6.50 a share, from $2.13 billion, or $7.28 a share in the year-ago quarter. Revenue increased to $10.5 billion from $10.31 billion, […]
Shares of Talaris Therapeutics Inc. TALS, -37.81% tumbled 21.5% in premarket trading on Thursday after the company reported one of the participants in its Phase 3 study of living donor kidney transplant recipients died. The patient had been diagnosed with a moderate form of acute graft-vs-host disease. The trial’s oversight committee has said enrollment and […]
