Latest Market News
Marqeta Inc. MQ, +5.34% announced Thursday that it has received board approval to buy back up to $100 million of its Class A shares. “The share repurchase program demonstrates the confidence our board and management team have in the strength of our business and future growth prospects,” Jason Gardner, the company’s chief executive, said in […]
Insurer Allstate Corp. ALL, +1.31% said Thursday it is planning “significant” rate actions in the second half of the year for car insurance as it struggles with inflationary pressures. In a regulatory filing, the company said it implemented rate increases of 14.5% across 8 regions in August, resulting in a premium impact of 3.2%. “We […]
A municipality in Norway is using all means necessary to avoid “energy-sucking” Bitcoin miners establishing further operations, citing noise complaints and energy concerns. 2218 Total views 16 Total shares There’s a new Bitcoin (BTC) energy FUD in town: noise. In Sortland, a Norwegian municipality, locals are waging war on Bitcoin miners to thwart further BTC […]
Store Capital Corp. STOR, -1.18%, a Scottsdale, Ariz.-based real estate investment trust, said Thursday it has agreed to be acquired by Singaporean sovereign fund GIC and Oak Street in an all-cash deal valued at about $14 billion. Oak Street is a unit of Blue Owl, a net lease investor. Under the terms of the deal, […]
Pfizer Inc. PFE, -0.09% on Thursday announced positive results from a late-stage trial of a meningococcal vaccine candidate called MenABCWY in adolescents and said it will submit an application for approval to the U.S. Food and Drug Administration in the fourth quarter. Meningococcal disease is a relatively rare but serious illness caused by a bacteria […]
Shares of Southwest Airlines Co. LUV, +1.44% rose 0.5% in premarket trading Thursday, after the air carrier said it was seeing “strong” revenue trends for the third quarter, boosted by better-than-anticipated leisure travel and “strong travel demand” for the Labor Day holiday weekend. The company revised its third-quarter revenue guidance to 9% to 11% growth […]