Latest Market News
Shares of Alibaba Group Holding Ltd. BABA, -3.33% dropped 2.8% in premarket trading Thursday, after J.P. Morgan analyst Alex Yao said he turned “cautious” on the China-based e-commerce giant’s fiscal second-quarter revenue outlook, citing “weak China consumption.” Yao reiterated the overweight rating on the stock but cut the price target to $135 from $145.Yao expects […]
Steven Goldstein is based in London and responsible for MarketWatch’s coverage of financial markets in Europe, with a particular focus on global macro and commodities. Previously, he was Washington bureau chief, directing MarketWatch’s economic, political and regulatory coverage. Follow Steve on Twitter: @MKTWgoldstein.
Shares of Axcella Therapeutics Inc. AXLA, +7.24% gained 10.9% in premarket trading on Thursday after the biotech said its experimental treatment for nonalcoholic steatohepatitis (NASH) showed statistically significant improvement in liver stiffness at 24 weeks. The Phase 2b trial is ongoing. The company expects to have topline data from the 48-week mark by the first […]
Worthington Industries Inc. WOR, -5.73% said Thursday its board approved a plan to separate the company’s steel processing business into a new public company, through a distribution of stock in the business. The Columbus, Ohio-based industrial company said the steel processing separation is expected to be tax-free to shareholders when it takes place as expected […]
Paxful CEO Ray Youssef said that the current growth trends in Ghana show that it has the potential to be a leader in terms of crypto adoption. 689 Total views 25 Total shares As emerging markets take the lead in crypto adoption, Ghana, a country located in West Africa, may soon catch up to other […]
Dick’s Sporting Goods Inc. DKS, -0.26% announced Thursday a partnership Peloton Interactive Inc. PTON, -8.01%, in which the sporting goods retailer will roll out Peloton-branded fitness shops inside more than 100 of its U.S. stores. The rollout is scheduled to begin early in the holiday season. Peloton’s stock rose 0.7% in premarket trading while Dick’s […]