Latest Market News
Philadelphia is reversing course on the face-mask mandate imposed just days ago and rescinding it, citing improving numbers for hospitalizations and case counts, the Associated Press reported. The Board of Health voted on the matter on Thursday, according to the Philadelphia health department. It did not provide data to back up the decision but said […]
If you’re into cryptocurrency or blockchain, there’s a good chance I don’t have to spell out the benefits of decentralization. You’re a first-generation user of a technology that will increasingly define the future of the internet, and you have front-row seats to the world premiere of Web3. The internet’s use and control were always as […]
Shares of Schlumberger Ltd. SLB, +2.46% rallied 1.1% in premarket trading Friday, after the oil services company reported first-quarter profit and revenue that rose above expectations and announced a 40% increase in its dividend. Net income rose to $510 million, or 36 cents a share, from $299 million, or 21 cents a share, in the […]
Allegion Plc ALLE, +2.16% said Friday it agreed to buy Access Technologies LLC from Stanley Black & Decker Inc. SWK, -1.91% for $810 million. The price values the manufacturer, installer and service provider of automatic doors in North America at about 2.4 times its $340 million annual revenue. Allegion said it’s received committed financing from […]
Shares of Newmont Corp. NEM, -3.30% sank 2.1% in premarket trading Friday, after the gold miner reported first-quarter profit and sales that came up shy of forecasts, as costs increased at a faster pace than sales. Net income fell to $48 million, or 56 cents a share, from $559 million, or 70 cents a share, […]
Kimberly-Clark Corp. KMB, +8.13% stock rose 4.5% in Friday premarket trading after it reported first-quarter earnings that beat expectations and raised its full-year guidance. The 150-year-old consumer products company posted net income of $523 million, or $1.55 per share, down from $584 million, or $1.72 per share, last year. Adjusted EPS of $1.35 beat the […]