News

Oct 20
Revlon appeal rejected, NYSE to delist stock

Revlon Inc. REV, -5.34% said late Thursday a New York Stock Exchange committee rejected its appeal to not delist its stock and expects to be delisted “in the hear future.” Back in August, Revlon shares tumbled when a bankruptcy judge denied minority shareholders a special committee to represent them. Revlon shares fell 5.3% to close […]

Oct 20
Oil prices end mixed on reports that China may ease COVID restrictions

Oil futures ended on a mixed note Thursday, with the November U.S. benchmark contract ending higher on its expiration day, but the December contract little changed. Oil found some support from reports that China is looking to cut the duration of quarantine for inbound visitors, “in a sign that perhaps the government might be looking […]

Oct 20
Manchester United drops Ronaldo in disciplinary move, while Jefferies urges investors buy after ‘action-packed’ visit

The U.S.-listed shares of Manchester United Ltd. MANU, -0.43% fell 0.4% in afternoon trading Thursday, after the English Premier League football club issued a statement saying forward Christiano Ronaldo will not be part of the squad for the next game on the weekend. The statement comes after the player was seen leaving the field before […]

Oct 20
Nio stock bounces, even after Tesla CEO Elon Musk says China seeing ‘burst of recession’

The U.S.-listed shares of China-based Nio Inc. NIO, +0.78% gained 0.1% in afternoon trading Thursday, after closing the previous session at the lowest price since July 2020, despite the 6.7% selloff in rival electric vehicle maker Tesla Inc.’s stock TSLA, -6.81% after disappointing third-quarter results. Meanwhile, shares of fellow China-based EV makers XPeng Inc. XPEV, […]

Oct 20
Gold futures climb a day after settling at a more than 3-week low

Gold futures climbed on Thursday, finding support from a pullback in the U.S. dollar to edge up from the more than three-week low they finished at a day earlier. “It looks like a matter of when will gold break the September lows, but for now it is stabilizing as it seems it will need a […]

Oct 20
Snap stock option traders ready for a 20% post-earnings move, but that’s less than usual

Options traders are ready for a big move in Snap Inc.’s stock SNAP, -0.41% on the day after the social media company reports third-quarter results, but it’s actually less than the average post-earnings move. Snap is slated to report earnings after Thursday’s closing bell. An options strategy known as a straddle, which is a pure […]