Category: Market News
U.S. stocks opened higher Friday after data showed the Federal Reserve’s preferred measure of inflation slowed in April. The Dow Jones Industrial Average DJIA, +1.59% was up 50 points, or 0.1%, while the S&P 500 SPX, +2.28% rose 0.8% and the Nasdaq Composite advanced 1.4%. The core personal consumption index showed a year-over-year rise of […]
A House committee has launched an investigation into gun manufacturers in the wake of two deadly shootings in less than two weeks, its chairwoman said Friday. Rep. Carolyn Maloney, the New York Democrat who leads the House Committee on Oversight and Reform, has asked gun makers Bushmaster Firearms Industries, Daniel Defense, Sig Sauer, Smith & […]
Credit Suisse analysts Susan Roth Katzke and Jill Shea on Friday downgraded shares of Citigroup Inc. C, -1.04% to neutral from outperform after the stock has risen 15% from its recent lows and climbed to within 10% of their $58 a share target price. “We realize that the downside to C shares may prove more […]
Aurora Cannabis Inc. ACB, -37.39% ACB, -30.84% shares dropped 28% Friday after the cannabis company said it would increase the size of its bought deal financing to $150 million from $125 million. A syndicate of underwriters led by Canaccord Genuity and BMO Capital Markets will buy on a bought deal basis 61.2 million units of […]
Canopy Growth Corp. CGC, +10.34% WEED, +10.56% shares fell 11% in premarket trades Friday after it said its fourth-quarter loss narrowed to C$574.6 million, or $1.46 a share, from C$700 million, or $1.85 a share in the year-ago quarter. Revenue for the three months ended March 31 fell to C$126.1 million from C$167.4 million in […]
Trulieve Cannabis TCNNF, +3.74% CEO Kim Rivers acquired 14,000 shares of the cannabis company on Tuesday at a price of $14.45 a share for a total purchase value of about $202,300, according to a filing. Rivers now owns just under 2.5 million shares. Trulieve CFO Alex D’Amico acquired 1,500 shares and Trulieve president Steve White […]
Shares of Reata Pharmaceuticals Inc. RETA, +3.42% were up 2.4% in trading on Thursday after the company said the Food and Drug Administration granted priority review to the company’s experimental treatment for Friedreich’s ataxia, a rare nervous system disease. The regulator is now set to make a decision on omaveloxolone by Nov. 30. “If approved, […]
Stocks closed sharply higher on Thursday, a day after minutes of the Federal Reserve’s meeting in early May signaled a willingness by the central bank to consider pausing rate hikes later this year if the economy shows signs of wobbling. The Dow Jones Industrial Average DJIA, +1.61% added about 518 points, or 1.6%, ending near […]
President Joe Biden and first lady Jill Biden plan to travel on Sunday to Uvalde, Texas, the White House said Thursday in a news release. The Bidens expect to “grieve with the community that lost twenty-one lives in the horrific elementary school shooting,” the White House said. Source: Marketwatch
The New York Office of Cannabis Management on Thursday said TikTok will not allow the use of the word “cannabis” in public education advertisements. The office said it has launched an education campaign on the legalization of adult-use cannabis and the impact of cannabis use on public health and safety. “When we tried advertising on […]