News

BNY Mellon Is Anybody Paying Attention? With markets’ attention focused on events in the UK, we wonder if global central banks’ fight against inflation is being overlooked. Friday’s release of the US Personal Consumption Expenditure deflator for August showed that core inflation – recall that PCE inflation at 2% is the Federal Reserve’s formal target […]

Daily Market Outlook, October 3, 2022 Overnight Headlines Tory Revolt Forces Liz Truss To Delay 45p Tax Rate Vote – Telegraph UK PM Truss Admits Mistake In Communicating Economic Plan Credit Suisse CEO Seeks To Calm As Default Swaps Near 2009 Level Kwarteng Trying To Head Off Tory Rebellion Over Tax Cut Debacle S&P Puts […]

Shares of Gilead Sciences Inc. GILD, +1.02% rallied 3.2% in premarket trading Tuesday, after the biopharmaceutical company was upgraded at J.P. Morgan, which cited greater clarity on the human immunodeficiency virus (HIV) IV franchise and an emerging and undervalued oncology, or cancer treatment franchise. Analyst Christopher Schott raised his rating to overweight, after being at […]

Shares of Hut 8 Mining Corp. HUT, +7.30% HUT, +5.69% rallied 4.2% in premarket trading Tuesday, after the bitcoin miner said it generated 277 bitcoin BTCUSD, +1.75% in September, at an average rate of 9.2 bitcoin per day. That brings the company’s total bitcoin held in reserve to 8,388, which at current prices would be […]

The U.S. Centers for Disease Control and Prevention has dropped its country-by-country COVID-19 travel health notices that it began issuing early in the pandemic, the Associated Press reported. The reason: Fewer countries are testing for the virus or reporting the number of COVID-19 cases. That limits the CDC’s ability to calculate travelers’ risk, according to […]

Acuity Brands Inc. AYI, +1.38% reported Tuesday fiscal fourth-quarter profit and sales that rose above expectations, citing “strong demand” and an ability to capture price. Shares of the lighting company were still inactive in premarket trading. Net income for the quarter to Aug. 31 rose to $115.4 million, or $3.48 a share, from $98.1 million, […]