Category: Market News
Foot Locker Inc. FL, -2.01% shares rose 4.1% in Friday premarket trading after it reported first-quarter profit that beat expectations. The athletic retailer posted net income of $133 million, or $1.37 per share, down from $202 million, or $1.93 per share, last year. Adjusted EPS of $1.60 beat the FactSet consensus for $1.54. Sales of […]
ICEE and Minute Maid frozen beverage parent J&J Snack Foods Corp. JJSF, +3.49% announced Thursday an agreement to buy flash-frozen beaded ice cream maker Dippin’ Dots LLC for $222 million. The deal, which is expected to close by the end of June, will be funded through cash and debt financing. The deal is expected to […]
Read Next Tesla stock price target slashed by Wedbush’s Ives on China’s ‘epic disaster,’ Twitter ‘circus show’ Shares of Tesla Inc. undefined dropped 1.6% toward a nine-month low in premarket trading Thursday, after Wedbush analyst Dan Ives slashed his price target by 29%, citing “hard to ignore” headwinds in China, as COVID-related lockdowns have reduced […]
Canopy Growth Corp. CGC, +5.01% WEED, +4.60% said Wednesday it agreed on two call options to acquire control of California-based Lemurian Inc., which does business under the name Jetty Extracts. The two companies will continue to operate independently until Canopy exercises its acquisition rights for the cannabis vape technology and extracts company. Canopy Growth pay […]
Deutsche Bank research analyst Brian Bedell on Thursday downgraded Bank of New York Mellon Corp. BK, +0.07% to hold from buy and cut the stock’s price target to $45 a share from $54 a share. Bedell said he views trust banks “somewhat less favorably, as the benefits of higher interest rates may be at least […]
The Senate on Thursday approved a $40 billion military and economic-aid package for Ukraine, sending it to President Joe Biden for signature. The 86-11 vote came after earlier approval by the House, and was $7 billion above what Biden had asked for last month. The Senate’s vote came the same day Biden hosted the leaders […]
Shares of RumbleON Inc. RMBL, -4.11% dropped 6.3% toward a 22-month low, in the wake of Harley-Davidson Inc.’s HOG, -9.29% announcement that it was suspending all assembly and shipments for two weeks due to a regulatory compliance matter. Harley-Davidson’s stock sank 8.9%. RumbleON, which is a motor vehicle dealer and ecommerce platform, said in its […]
Stocks ended lower Thursday, building on the previous session’s rout as the S&P 500 fell closer to bear-market territory. The Dow Jones Industrial Average DJIA, -0.75% fell around 237 points, or 0.8%, to close near 31,253, according to preliminary figures, while the S&P 500 SPX, -0.58% dropped around 23 points, or 0.6%, to finish near […]
Facebook parent company Meta Platforms Inc. FB, -0.45% is adding commercial services to WhatsApp so businesses can build a custom dashboard to chat with customers and offer customer services. On Thursday, company CEO Mark Zuckerberg announced in a Facebook post the introduction of WhatsApp Cloud API, a cloud-based version of the WhatsApp Business API. The […]
Gold futures bounced on Thursday as a selloff in stocks continued after a string of disappointing retailer earnings kept investors on edge about the effects of inflation on the economy. Gold futures GC00, +1.32% GCM22, +1.32% rose $25.30, or 1.4%, to settle at $1,841.20 an ounce, the best daily percentage rise for the most-active contract […]