Latest Market News
AT&T Inc. T, -0.38% is reportedly in talks to put together a joint venture that would focus on investments in fiber-optic network expansion, Bloomberg News said Wednesday afternoon. The telecommunications giant is working with Morgan Stanley as it looks for an infrastructure partner for the JV, per the report. The JV could be valued at […]
U.S. stocks finished lower on Wednesday, with the major indexes logging their first loss in three days, as Treasury yields and the dollar continued to climb, outweighing more strong earnings reports from American firms. The S&P 500 SPX, -0.67% finished down 24.82 points, or 0.7%, at 3,695.16. The Dow Jones Industrial Average DJIA, -0.33% closed […]
Ally Financial Inc. ALLY, -7.94% shares fell 6.5% in premarket trades on Wednesday after the mortgage, car loan and banking provider’s adjusted earnings per share and revenue fell short of analyst targets. Ally Financial said its third-quarter net income fell to $272 million, or 88 cents a share, from $712 million, or $1.89 a share, […]
The two new omicron subvariants dubbed BQ.1 and BQ.1.1 are spreading fast in the New York region and could account for up to 36.6% of new cases, nearly double the top of the range for all of the U.S., according to Centers for Disease Control and Prevention data. The two variants accounted for 11.5% and […]
Shares of Generac Holdings Inc. GNRC, -25.34% sank 10.7% toward a more than two-year low in premarket trading Wednesday, after the maker of home and industrial power systems reported third-quarter profit and sales that fell well below expectations and cut its full-year outlook, citing disappointing residential sales. Net income fell to $58 million, or 83 […]
Alcoa Corp.’s stock AA, -5.26% slid 7% in after-hours trading Wednesday after the bauxite, alumina and aluminum products company reported a third-quarter loss of $746 million, after reporting a $337 million profit in the same period a year earlier. Alcoa recorded a net loss of $4.17 per share. Losses, adjusted for non-recurring costs, came to […]