Latest Market News

Oct 10
Toast stock rallies after Mizuho says buy, as survey shows ‘delicious path to profitability’

Shares of Toast Inc. TOST, -6.24% rose 1.2% in premarket trading Monday, after the provider of consumer payment systems for restaurants was upgraded at Mizuho, with analyst Dan Dolev saying a restaurant survey showed a “delicious path to profitability.” Dolev raised his rating to buy from neutral and lifted his stock price target to $24 […]

Oct 10
SPAC Turmeric Acquisition to redeem its public shares after failing to find a business to acquire in time

Turmeric Acquisition Corp. TMPM, +0.10% said Monday it will redeem its public shares, after the special purpose acquisition corporation, or SPAC, failed to find a business target in time. The blank-check company said shares would cease trading as of the start of trade Oct. 20 and will be deemed canceled at the close of trade […]

Oct 10
Coronavirus tally: Boston officials concerned about elevated levels of COVID in city’s wastewater

Boston health officials said Friday they’re concerned about elevated levels of the coronavirus in the city’s wastewater, the Associated Press reported. The concentration of the virus in local wastewater has increased by 3.1% over the past week and by nearly 100% over the past two weeks, according to new data from this week from the […]

Oct 10
New Oriental Education stock drops after being named as identified issuer under the HFCAA

The U.S.-listed shares of New Oriental Education & Technology Group Inc. EDU, -2.49% dropped 4.2% in premarket trading Monday, after the China-based provider of private educational services said it was provisionally named by the U.S. Securities and Exchange Commission (SEC) as an identified issuer under the Holding Foreign Companies Accountable Act (HFCAA). The identification means […]

Oct 10
U.K. to bring forward budget review to Oct. 31

The U.K. Treasury announced Monday it was bringing forward the publication of an independent review into its budget plans to the end of October. It marks the second time the U.K. government brought their plans forward, after initially saying the plan would come next year, and then saying it would come in November. “Upon my […]

Oct 10
Over 12,000 Brazil companies declare crypto holdings in record high

August figures released by Brazil’s tax authority revealed over 12,000 companies have cryptocurrency holdings, the largest amount ever recorded. Source: Cointelegraph