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The Financial Industry Regulatory Authority (Finra) said it has fined Bank of America Corp.’s BAC, +0.94% BofA Securities Inc. unit a $5 Million for reporting failures in large option positions in trades from 2009 to 2020. Finfra said BofA failed to report over-the-counter options positions more than 7.4 million times, according to a statement released […]
The Organization of the Petroleum Exporting Countries on Tuesday left its forecast for growth in world oil demand unchanged in 2022 and 2023. In its monthly report, OPEC said oil demand remains on track for a rise of 3.1 million barrels a day in 2022, with the second quarter revised higher amid better-than-anticipated demand in […]
BMO Capital Markets analyst Keith Bachman downgraded Adobe Systems Inc. ADBE, +0.40% shares to market perform from outperform Tuesday, though he noted that his ratings change reflected the results of a broader survey on interest in the company’s Creative Cloud suite of software rather than specific concerns about the upcoming quarterly results Adobe is due […]
Shares of Eastman Chemical Co. EMN, +1.30% slumped 3.0% in premarket trading Tuesday, after the specialty chemicals company cut its third-quarter earnings outlook, citing a slowdown in demand and challenging logistics. The company now expects adjusted earnings per share for the quarter through September of approximately $2.00, compared with previous guidance of “solid growth” relative […]
CoinShares’ head of research, James Butterfill, said the outflows come despite “the improved certainty of the Merge.” 2199 Total views 22 Total shares Institutional investors may be wavering ahead of the Ethereum Merge, with Ether (ETH)-based digital asset investment products seeing an outflow of $61.6 million, signaling concerns about the success of the upgrade. In […]
Viavi Solutions Inc. VIAV, +2.52%, a provider of testing and monitoring equipment for networks, announced Tuesday that its board has approved a stock buyback program of up to $300 million. The new program replaces the former $200 million authorization which expires Sept. 30. The Chandler, Ariz.-based company also reaffirmed its first-quarter guidance for revenue of […]