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First Republic Bank FRC, -14.21% stock fell 10% Friday in the weakest share price reaction among four regional banks that reported earnings. While First Republic’s third-quarter earnings of $2.21 beat the target of $2.18 a share, its net interest income looking ahead is running about 4 basis points behind the forecast for growth of 2.75%, […]
The Dow Jones Industrial Average’s DJIA, -0.50% top-two gaining stocks Friday are those of the companies that reported third-quarter earnings, with the gains enough to keep the blue chip barometer positive despite weakness in the broader stock market. UnitedHealth Group Inc.’s stock UNH, +1.79% ran up $15.31, or 3.0%, in morning trading and JPMorgan Chase […]
Businesses increased inventories, or products waiting to be sold, by 0.8% in August. Economists polled by The Wall Street Journal had forecast a 0.9% increase. Rising inventories add to gross domestic product and usually reflect an expanding economy. The government said sales rose a smaller 0.3% in the month, however. As a result, the ratio of inventories […]
U.K. Prime Minister Liz Truss reversed the mini budget plan on corporate taxes in a decision she framed as one that will promote economic stability. Truss said that will raise £18 billion each year and act as a down payment on its fiscal plan, and said that spending will grow less rapidly than previously planned. […]
Shares of Biomerica Inc. BMRA, -5.05% shot up 13.1% toward a 6-month high in active morning trading Friday, after the medical diagnostic products company said Walmart Inc. WMT, -0.82% will start selling its Aware Breast Self Exam device in about half its stores. Trading volume ballooned to 1.8 million shares, compared with the full-day average […]
The Kharkiv Art Museum launched a new NFT collection on the Binance NFT marketplace to help raise funds for operations and the preservation of cultural heritage. 642 Total views 17 Total shares As the Web3 space expands, nonfungible token (NFT) use cases continue to develop past the hyped days of stagnant digital art collections. However, […]