Latest Market News
The daily average for new COVID-19 cases ticked lower, to snap a three-day streak of increases, while hospitalizations and deaths continue to fall. The seven-day average of cases was 29,429 on Thursday, according to a New York Time tracker, after rising by 2,652 a day over the previous three days, but the average was still […]
Shares of LXP Industrial Trust LXP, -14.14% dropped 6.6% in premarket trading Friday, after the real estate investment trust, focused on single-tenant warehouse and distribution investments, said it has decided to suspend its evaluation of strategic alternatives, which included a possible sale or merger. The company said discussions with a “wide array” of investors affirmed […]
LivePerson Inc. LPSN, +2.08% responded Friday to a letter from activist investor Starboard Value LP, saying it has “constructively engaged” in talks with Starboard Value and the fund’s Managing Member Peter Feld since Starboard disclosed its investment in February. “LivePerson remains committed to serving the best interests of all shareholders,” the mobile messaging company said […]
Applied Blockchain Inc. said Friday it plans to raise up to $67 million in its initial public offering by selling about 3.24 million shares at an estimated price range of $16.54 to $20.54 a share with underwriters B. Riley Securities and Needham & Co. Dallas-based Applied Blockchain plans to trade on the Nasdaq under the […]
Shares of Boeing Co. BA, -1.56% slipped 0.7% in morning trading Friday, after reports that a Boeing 757 cargo jet broke in half while landing. The stock was the biggest decliner among Dow Jones Industrial Average DJIA, +0.40% components. A Boeing 757 operated by package delivery company DHL detected a hydraulic system failure soon after […]
US market researcher Jim Bianco warned that the Federal Reserve’s decisive steps to curb runaway inflation would hurt Wall Street. In his opinion, all financial assets may suffer, writes CNBC.At the end of 2021, Bianco turned bearish on the stock market citing inflation as the biggest risk. The fault of the Fed is, in his […]