Latest Market News
Huntington Bancshares Inc. HBAN, +6.55% rose 7.9% on Friday after the financial services company forecast stronger-than-expected net interest income as the company said it’s been performing “exceptionally well” despite economic headwinds in the sector. Huntington hiked its view for net interest income in the fourth quarter to rise in the high 20% to low 30% […]
U.S. stock-indexes opened slightly lower Friday, on track for a three-day losing streak as Treasury yields continue to march higher on expectations for aggressive Federal Reserve rate increases. Indexes, however, were on track for weekly gains. The Dow Jones Industrial Average DJIA, +0.81% fell 52 points, or 0.2%, while the S&P 500 SPX, +0.62% was […]
Shares of Hawaiian Airlines parent Hawaiian Holdings Inc. HA, +12.50% rallied 4.1% in premarket trading Friday, after the company said it issued Amazon.com Inc. AMZN, +0.80% warrants to buy up to 15% of its shares outstanding as part of an agreement to operate 10 cargo jets to provide logistics support for the ecommerce giant. As […]
Twitter Inc. TWTR, -5.02% has told staff there are no layoffs planned after a report that Tesla and SpaceX CEO Elon Musk would cut 75% of the social-media company’s workers after taking control in an on-again-off-again planned acquisition. Twitter general counsel Sean Edgett sent employees an email on Thursday to indicate that no widespread job […]
Former Donald Trump aide Steve Bannon was sentenced on Friday to four months in prison and fined $6,500 for contempt of Congress. Bannon was convicted in July on two charges after ignoring subpoenas from the House panel investigating the Jan. 6 riot at the U.S. Capitol. Bannon will be allowed to appeal. Source: Marketwatch
Hong Kong’s securities regulator wants to allow retail investors to invest directly in virtual assets and to reconsider current crypto trading requirements. 1213 Total views 47 Total shares Hong Kong is taking action to regain its status as a global cryptocurrency hub by launching several legal initiatives related to the crypto industry. A city and […]