News
Gold futures declined on Thursday to settle at their lowest price since April 2020. “Momentum and sentiment is very bearish” on expectations of a continued aggressive pace of interest rate hikes by the Federal Reserve at their meetings in November and December, said Chintan Karnani, director of research at Insignia Consultants. The Fed is expected […]
Shares of Gap Inc. GPS, -3.05% slumped 3.1% toward a seven-week low Thursday, after reports that Kanye West ended his relationship with the apparel retailer. The Wall Street Journal reported, citing a letter West sent to Gap, that the rapper and designer’s Yeezy LLC was ending the relationship because Gap breached the agreement by not […]
Cowen analyst Jaret Seiberg on Thursday said leadership in both the U.S. Senate and the House are for the first time working on a cannabis package based on the SAFE Banking measure to speed up financial transactions. With many legal cannabis companies still facing banking hurdles such as being forced to transact in cash, Cowen […]
Analyst Emmanuel Rosner at Deutsche Bank started coverage of SES AI Corp. SES, +1.49%, rating it a hold and giving it a $7 price target. “We believe the company is taking a thoughtful approach to developing hybrid lithium metal battery technology for the automotive industry, which could offer significant advantages over current li-ion batteries and […]
Shares of Spectrum Brands Holdings Inc. SPB, -15.27% dove 8.6% in morning trading Thursday toward a two-year low, after the U.S. Department of Justice sued to block the branded consumer products company’s sale of its hardware and home improvement (HHI) business to Sweden-based Assa Abloy AB ASAZY, +1.18% ASSA.B, +1.33% amid competition concerns. Spectrum responded […]
Third Harmonic Bio Inc. THRD, +17.94%, a biotech specializing in allergic and inflammatory diseases, priced its initial public offering late Wednesday at $17 a share the midpoint of its $16 to $18 price range. But the company was able to upsize the deal to 10.9 million shares from an earlier plan to offer just 9 […]