Latest Market News
Peloton Interactive Inc. PTON, -7.10% announced Tuesday that its rental program was expanding nationally, allowing unlimited access to all of the at-home fitness company’s live and on-demand classes from $89 per month for the original Peloton Bike. The program, which was launched in select test markets earlier this year, would provide month-to-month membership, with no […]
Shares of Akero Therapeutics Inc. AKRO, +4.78% soared 101.1% in premarket trading on Tuesday after the company said its experimental treatment for nonalcoholic steatohepatitis met a primary and secondary endpoint in a Phase 2b clinical trial. NASH is a liver disease. “The magnitude and general consistency of results observed across the Phase 2a BALANCED and […]
The Financial Industry Regulatory Authority (Finra) said it has fined Bank of America Corp.’s BAC, +0.94% BofA Securities Inc. unit a $5 Million for reporting failures in large option positions in trades from 2009 to 2020. Finfra said BofA failed to report over-the-counter options positions more than 7.4 million times, according to a statement released […]
The Organization of the Petroleum Exporting Countries on Tuesday left its forecast for growth in world oil demand unchanged in 2022 and 2023. In its monthly report, OPEC said oil demand remains on track for a rise of 3.1 million barrels a day in 2022, with the second quarter revised higher amid better-than-anticipated demand in […]
BMO Capital Markets analyst Keith Bachman downgraded Adobe Systems Inc. ADBE, +0.40% shares to market perform from outperform Tuesday, though he noted that his ratings change reflected the results of a broader survey on interest in the company’s Creative Cloud suite of software rather than specific concerns about the upcoming quarterly results Adobe is due […]
Shares of Eastman Chemical Co. EMN, +1.30% slumped 3.0% in premarket trading Tuesday, after the specialty chemicals company cut its third-quarter earnings outlook, citing a slowdown in demand and challenging logistics. The company now expects adjusted earnings per share for the quarter through September of approximately $2.00, compared with previous guidance of “solid growth” relative […]