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Space exploration company Intuitive Machines announced Friday that it will go public through a merger with special purpose acquisition company (SPAC) Inflection Point Acquisition Corp. IPAX, -0.31% in a deal that values the combined company at about $815 million. When the deal closes, which is expected to occur in the first quarter of 2023, the […]
Shares of United Parcel Service Inc. UPS, -3.12% dropped 6.7% in premarket trading toward a three month low, weighed down by rival package deliver FedEx Corp.’s FDX, -0.07% profit and revenue warning, but Citi analyst Christian Wetherbee said UPS appears to be managing the tough macro environment better than its rival. FedEx’s stock plunged 19.6% […]
Gilead Sciences Inc. GILD, -0.28% said Friday the European regulator has adopted a positive opinion on extending the use of its COVID treatment Veklury for pediatric patients. The European Commission will review the recommendation, and if adopted, Veklury, also called remdesivir, could become the only authorized treatment for adolescents at high risk of developing severe […]
BJ’s Wholesale Club BJ, -0.93% said Friday it will accept SNAP EBT cards at all of its clubs and outlets across the U.S. SNAP, or Supplemental Nutrition Assistance Program, is the government’s food stamp program, while EBT stands for Electronic Benefits Transfer. The payments can also be used at BJs.com and for shopping options such […]
Xenia Hotels & Resorts Inc. XHR, -2.41% said Friday that it has reinstated its quarterly dividend, after stopping payment around the start of the COVID-19 pandemic. The upscale hotel real estate investment trust said it will pay a quarterly dividend of 10 cents a share on Oct. 14 to shareholders of record on Sept. 30. […]
Daily Market Outlook, September 15, 2022 Overnight Headlines Upgrade Of Ethereum Blockchain Sees ETH Trade Down 1% US Retail Sales Expected To Drift Sideways Ahead Of Fed Hike Ray Dalio Does The Math: Rates At 4.5% Would Sink Stocks By 20% Australia’s Jobless Rate Climbs For First Time In 10 Months NZ Economy Grew More […]