News

Oct 04
U.S. stocks kick off October trading higher after September losses

U.S. stocks opened higher Monday, with all three major benchmarks kicking off October with gains after an ugly September. The Dow Jones Industrial Average DJIA, +2.66% was up 1.2% soon after the opening bell, while the S&P 500 SPX, +2.59% rose 1.1% and the Nasdaq Composite COMP, +2.27% gained 0.8%, FactSet data show, at last […]

Oct 04
Covalent CEO: There’s an ‘unresolved backlog’ of unfilled Web3 data roles

Ganesh Swami, CEO of blockchain data aggregator Covalent says there continues to be an “intense demand” for on-chain data analysts, that is yet to be satisfied.  Speaking to Cointelegraph, Swami said that analysts are in “intense demand” as there’s a “real need” for data experts to “make sense” of on-chain data, explaining: “There is an […]

Oct 04
KalVista shares slide 47% premarket after company halts trial of treatment for hereditary angioedema

KalVista Pharmaceuticals Inc. shares KALV, -1.86% tumbled 47% in premarket trade Tuesday, after the company said it’s halting a Phase 2 trial of a treatment for hereditary angioedema, after multiple patients showed liver enzyme elevations. No patients had concomitant elevation of bilirubin levels and all were asymptomatic, the company said in a statement. “We made […]

Oct 04
Carnival’s stock turns higher to bounce off 30-year low, but underperforms as issues appear ‘company specific’

Shares of Carnival Corp. CCL, -2.56% bounced 1.1% in morning trading Monday, reversing an earlier loss of as much as 6.4%, but underperformed shares of rival cruise operators and the broad stock market, after Stifel Nicolaus analyst Steven Wieczynski said Carnival’s issues are “company specific.” Trading volume was 43.1 million shares, enough to make the […]

Oct 04
Supreme Court agrees to hear case on tech companies’ legal immunity

The Supreme Court on Monday agreed to hear a case in which the family of a U.S. citizen who was killed in an ISIS attack in Paris in 2015 is suing Alphabet’s GOOG, +3.28% GOOGL, +3.13% Google business, according to multiple published reports. The case, Gonzalez v. Google, involves the scope of tech companies’ immunity […]

Oct 04
Viasat stock soars after $2 billion deal to sell Link 16 TDL business to reduce debt, boost liquidity

Shares of Viasat Inc. VSAT, +26.93% soared 40.9% in morning trading Monday toward a 5 1/2-month high, after the communications company announced an agreement to sell its Link 16 Tactical Data Links (TDL) business to L3Harris Technologies Inc LHX, +4.60% in a deal valued at $1.96 billion. Viasat expects the deal to results in cash […]