Category: Market News
Morgan Stanley MS, -2.97% increased its position in the AdvisorShares Pure US Cannabis ETF MSOS, -3.79% by 480,168 shares during the first quarter to a total of 1.59 million shares as of March 31, according to a filing on Tuesday. With a 3.2% stake, Morgan Stanley now ranks as the third largest institutional holder of […]
Impossible Foods Inc., the privately-held plant-based meat company long rumored as an IPO candidate, is making its European debut in the United Kingdom this week with the launch of Impossible Chicken Nuggets and Impossible Sausage Patties. Impossible Chicken Nuggets first launched in the U.S. late last year. The expansion comes as rival Beyond Meat Inc. […]
The historic selloff in Target Corp’s stock TGT, -24.36% is casting a pall on the retail sector, as shares of 90 of the S&P 500’s SPX, -2.85% 92 consumer discretionary and staples companies are trading lower. Target’s stock was the weakest of the bunch, tumbling 24.7% toward an 18-month low, as well as the biggest […]
Dentsply Sirona Inc. XRAY, +1.86% said Wednesday it has received a written notification from the Nasdaq exchange warning that it is no longer in compliance with listing rules because it has not yet filed its quarterly 10-Q report with the Securities and Exchange Commission. The maker of dental products and technology said last week the […]
Shares of Target Corp. TGT, -1.41% plunged 21.1% toward a 14-month low in premarket trading Wednesday, after the discount retailer reported fiscal first-quarter profit that fell well short of expectations, even as sales rose above forecasts, as cost of sales jumped. Net income for the quarter to April 30 dropped to $1.01 billion, or $2.16 […]
The New York City health department raised its COVID-19 alert level to high from medium on Tuesday, and said it now advises all New Yorkers to wear a mask in indoor public settings. “People who are older than 65 or otherwise at a high risk of severe illness from COVID-19 should also wear a mask […]
The Food and Drug Administration said Tuesday that children between the ages of 5 and 11 years old can get a booster dose of BioNTech SE and Pfizer Inc.’s PFE, +1.32% COVID-19 vaccine. Children in this age group should wait at least five months after getting the primary series of shots. The regulator authorized a […]
U.S. Bancorp USB, +2.86% said Monday it no longer expects to close its $8 billion acquisition of the core regional banking franchise of MUFG Union Bank, N.A., as announced in September. The bank cited U.S regulatory approvals for the delay, but said it continues to “make significant progress in planning for closing and integration while […]
President Joe Biden on Tuesday called Saturday’s mass shooting in Buffalo, New York, “domestic terrorism,” and blasted backers of the so-called great replacement conspiracy theory. “I condemn those who spread the lie for power, for political gain and for profit,” the president said on a visit to the city. A white 18-year-old shot and killed […]
Thirty-one percent of shareholders participating in JPMorgan Chase & Co.’s JPM, +3.31% annual meeting supported a $52.6 million options award to CEO Jamie Dimon in his 2021 compensation package, according to a transcript of the event on Tuesday. Dimon drew the bonus on top of his regular pay to bring home total compensation of $84.4 […]