Category: Market News
The U.S. Energy Information Administration reported on Thursday that domestic natural-gas supplies rose by 125 billion cubic feet for the week ended Oct. 7. That compared with the average analyst forecast for an increase of 123 billion cubic feet, based on a survey conducted by S&P Global Commodity Insights. Total working gas stocks in storage […]
Fed-funds futures traders priced in a 97.8% probability the Federal Reserve will lift its key interest rate by 75 basis points, or 0.75 percentage point, to a range of 3.75% to 4% in its early November meeting, up from 84.5% on Wednesday, according to the CME FedWatch tool. The move comes after a hotter-than-expected core […]
Shares of Delta Air Lines Inc. DAL, +1.28% climbed 3.49% in premarket trading Thursday after the carrier reported third-quarter revenue significantly above the same period in 2019, before the pandemic hit. Revenue of $13.98 billion was up from $12.56 billion in 2019. Analysts surveyed by FactSet had projected revenue of $12.9 billion. Net income of […]
Shares of Victoria’s Secret & Co. VSCO, -3.04% moved 3% higher after hours after the lingerie maker said it expected third-quarter operating income and per-share profit to be closer to the high end of prior financial forecasts. Victoria’s Secret said its updated outlook was based on “quarter to date trends” and a “high single digit” […]
Shares of Digital World Acquisition Corp., DWAC, -1.12% the special-purpose acquisition company planning to take former President Donald Trump’s media-ventures company public, jumped 10% after Axios reported that Truth Social, Trump’s social media platform, received approval from Google for distribution on its Google Play Store. Axios noted that nearly half of smartphone users in the […]
Shares of cruise operators were the top-3 gainers in the S&P 500 SPX, +0.03% in afternoon trading Wednesday, with Norwegian Cruise Line Holdings Ltd. NCLH, +12.13% getting bullish backing from UBS on the back of upbeat bookings data. Norwegian’s stock shot up 11.0%, Royal Caribbean Group shares RCL, +11.78% leapt 10.8% and Carnival Corp.’s stock […]
The U.S. Department of Agriculture lowered its 2022/2023 outlook for U.S. wheat exports by 50 million bushels to 775 million bushels, according to a report released Wednesday. That would be the lowest amount of domestic wheat exports since the 1971/1972 marketing year, the government agency said. The USDA cited “reduced supplies, slow pace of export […]
TerrAscend Corp. TRSSF, +1.34% TER, +0.98% said Wednesday its New Jersey and Maryland subsidiaries have closed on a $45.5 million, non-brokered senior secured term loan from funds managed by Pelorus Equity Group. The loan currently bears interest of 12.77% per year and is based on a variable rate tied to the one month secured overnight financing rate (SOFR), with interest-only […]
Shares of Lyft Inc. LYFT, +6.08% jumped 3.5% in premarket trading Wednesday, off the previous session’s record low close, after Gordon Haskett analyst Robert Mollins recommended investor buy, citing “overly negative” sentiment and a number of potential positive catalysts. The stock had tumbled 12.0% on Tuesday, and rival ride-share company Uber Technologies Inc.’s stock UBER, […]
Coronado Global Resources Inc. CRN, +8.01% confirmed Wednesday that it has held “confidential discussions” with Peabody Energy Corp. BTU, -2.62% about a merger. The Australia-based coal miner said it was responding to a report in The Australian that said the company and the Missouri-based coal miner, which had a market capitalization of $3.80 billion as […]
