Category: Market News
Ebay Inc. EBAY, +1.99% announced the launch of the Genesis collection of NFTs on Monday, which will include 3D and animated versions of athletes featured on the cover of Sports Illustrated magazine. Genesis debuts with hockey great Wayne Gretzky. Starting at $10, the NFTs will come in different editions and tiers, some that will be […]
Shares of DiDi Global Inc. DIDI, -4.00% surged 5.3% in premarket trading Monday, after the China-based ride-hailing giant provided details from its delisting from the NYSE after shareholders approved the move. The company said it plans to file a Form 25 with the U.S. Securities and Exchange Commission on or after June 2, and it […]
Consumers might be cutting back on some items due to inflation, but a survey conducted by Cowen analysts shows people plan to stick with their beauty regimen. Cowen surveyed 1,000 respondents and 70% to 75% indicate they will spend the same amount on beauty products this year compared with last year. Cowen puts the total […]
The U.S.-listed shares of Nio Inc. NIO, -2.68% dove 4.8% in morning trading Monday, to buck the rally in the broader stock market, after fellow China-based electric vehicle maker XPeng Inc. XPEV, -5.54% provided a disappointing second-quarter revenue outlook. Nio’s stock drop comes after it had bounced 29.3% over the past seven sessions, off the […]
All three major stock benchmarks ended sharply higher Monday, kicking off the week with gains as shares in the financials sector jumped. The Dow Jones Industrial Average DJIA, +1.98% closed up almost 619 points, or about 2%, while the S&P 500 SPX, +1.86% climbed around 1.9% and the Nasdaq Composite COMP, +1.59% rose about 1.6%, […]
Lithium producer Albemarle Corp. ALB, +2.75% late Monday upgraded its guidance for the year, mostly thanks to additional lithium contract renegotiations following blowout first-quarter earnings earlier this month. Albemarle said it expects fiscal 2022 sales between $5.8 billion and $6.2 billion, compared with a prior guidance of sales between $5.2 billion and $5.6 billion, and […]
Advance Auto Parts Inc. AAP, +0.74% shares fell slightly more than 1% in the extended session Monday after the specialty retailer reported lower-than-expected adjusted profit in the first quarter. Advance Auto Parts earned $140 million, or $2.26 a share, in the quarter, compared with $186 million, or $2.81 a share, in the year-ago quarter. Adjusted […]
The House Ethics Committee said in a statement Monday that it has established an investigative subcommittee that “shall have jurisdiction to determine whether Representative Madison Cawthorn may have: improperly promoted a cryptocurrency in which he may have had an undisclosed financial interest, and engaged in an improper relationship with an individual employed on his congressional […]
Gold futures edged higher Monday, booking a third session in a row of gains for the precious metal, as a soaring dollar pulled back from recent highs. Gold for June delivery GCM22, +0.45% GC00, +0.45% added $5.70, or 0.3%, to settle at $1,847.80 an ounce on Comex, after Friday snapping four straight weeks in a […]
Financial stocks enjoyed broad gains Monday, with the sector the best performer of the S&P 500’s SPX, +1.74% 11 major sectors, after J.P. Morgan Chase & Co. JPM, +7.64% raised its outlook for net interest income (NII). The SPDR Financial Select Sector ETF XLF, +3.87% charged 3.8% higher in midday trading, with all 66 equity […]