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U.S. stocks opened mixed Friday after a reading from the Federal Reserve’s preferred inflation gauge showed that the cost of living is still running hot. The blue-chip gauge Dow Jones Industrial Average DJIA, +1.82% rose 0.5% soon after the opening bell, while the S&P 500 SPX, +1.53% gained 0.1% and technology-heavy Nasdaq Composite COMP, +1.72% […]
Despite the bad numbers of daily trading, there are some signs of market revival, at least for Bitcoin-based products. 1457 Total views 56 Total shares As the crypto market shows signs of a gradual recovery, with Bitcoin (BTC) holding above the psychologically important $20,000 level after its initial crash to $17,600 in June, this month […]
Finally, investors are happy with what Intel Corp.’s INTC, +7.77% earnings report. The semiconductor maker’s stock rallied 7.4% to pace the Dow Jones Industrial Average’s DJIA, +1.20% premarket gainers, after the company reported late Thursday third-quarter profit and revenue that beat expectations and announced plans for layoffs. That would snap a nine-quarter streak in which […]
Shares of Bed Bath & Beyond Inc. BBBY, -3.11% dropped 4.4% in premarket trading Friday, after the home-goods retailer said it filed for the sale of an additional $150 million worth of shares, as part of an at-the-market (ATM) offering program initially launched at the end of August. The $150 million addition to the ATM […]
Shares of AbbVie Inc. ABBV, -5.26% fell 2.9% in premarket trading on Friday after the company trimmed guidance for adjusted earnings per share for the year. AbbVie had earnings of $3.9 billion, or $2.21 per share, in the third quarter of 2022, compared with $3.2 billion, or $1.78 per share, in the same quarter a […]
Bloomin’ Brands Inc. stock BLMN, +2.06% rose 2.5% in premarket trade Friday, after the Outback Steakhouse parent posted better-than-expected earnings for the third quarter and raised its full-year revenue guidance. Tampa, Fla.-based Bloomin’, which also operates Carrabba’s Italian Grill, Bonefish Grill and Fleming’s Prime Steakhouse and Wine Bar, posted net income of $31.986 million, or […]