Latest Market News
Shares of Planet Fitness Inc. PLNT, +2.13% bounced 2.2% in afternoon trading Monday, after the fitness center company was doubled upgraded at Raymond James, citing a “highly resilient” business model and “attractive” valuation. Analyst Joseph Altobello raised his rating by two notches to strong buy from market perform, while setting a price target for the […]
President Joe Biden is proposing a new rule that would require airlines and travel websites to provide better disclosures about certain fees, according to a White House statement on Monday. “Under the proposed rule, airlines and travel search websites would have to disclose upfront — the first time an airfare is displayed — any fees […]
Shares of Ballard Power Systems Inc. BLDP, +0.86% rose 0.6% in premarket trading Monday, after the fuel cell power company announced an order from Switzerland-based Stadler Rail AG SRAIL, -0.76% for the supply of six fuel cell engines. Ballard said the engines will be used to power the first hydrogen train in the U.S. The […]
Rackspace Technology Inc. RXT, -5.52% on Monday named chief financial officer Amar Maletira as chief executive officer of the company, which is majority owned by Apollo Global Management Inc. APO, -2.64%. Kevin Jones, who has been in the role of CEO for three-and-a-half years, will become an operating advisor with Apollo. Rackspace Technology also said […]
The key objectives of the project are to identify and understand innovative business models, use cases, benefits, risks and operational models for a CBDC in Australia. 1916 Total views 48 Total shares Making it to the list of countries that intend to launch an in-house central bank digital currency (CBDC), the Reserve Bank of Australia […]
Shares of Macy’s Inc. M, -2.89% dropped 2.5% in midday trading Monday toward an 18-month low, after the department store chain announced plans to hire more than 41,000 seasonal employees before the holidays, down 46% from the previous year’s hiring plans. The full- and part-time seasonal hires will be for Macy’s namesake stores, as well […]