Category: Market News

General Electric Co. GE, -1.51% on Tuesday said it is filing a registration statement for the planned spin-off of its healthcare unit, part of the industrial giant’s effort to split into three separate public companies. Larry Culp, in a statement, said the move would give the segment, GE HealthCare, “greater focus and flexibility to serve […]

Continued pressure on tech and tech-related shares killed an attempted bounce by the Nasdaq Composite a day after the index ended at its lowest in more than two years. The S&P 500 SPX, -0.71% also turned lower, on track for a fifth straight losing session in the final hour of trading Tuesday. The Dow Jones […]

Shares of Laser Photonics Corp. LASE, +62.99% blasted 62.1% higher in very active afternoon trading Tuesday, after the laser cleaning announced an order from the U.S. Navy. The rally was enough to make the stock the second-biggest gainer trading on major U.S. exchanges, but not enough to recapture where the recent initial public offering priced. […]

Shares of ride-sharing companies suffered a beating Tuesday, after the U.S. Labor Department said it would revisit rules that designate whether workers are classified as employees or independent contractors. Uber Technologies Inc.’s stock UBER, -8.65% dropped 8.3% in morning trading, putting it on track for the biggest one-day selloff since May 9, while Lyft Inc. […]

Blackbaud Inc. BLKB, -1.35% said Tuesday its board unanimously adopted a limited duration stockholder rights plan or a so-called poison pill, with an expiration date of Oct. 2, 2023. The company, which makes cloud software for the philanthropic community said the rights plan “will reduce the likelihood that any entity, person or group gains control […]

Subscription-based private aviation company Flexjet Inc. said Tuesday it will go public through a merger with special purpose acquisition company (SPAC) Horizon Acquisition Corp. II HZON, in a deal that values Flexjet at $3.1 billion. After the deal closes, which is expected to occur in the second quarter of 2023, Flexjet expects to be listed […]

Steven Goldstein is based in London and responsible for MarketWatch’s coverage of financial markets in Europe, with a particular focus on global macro and commodities. Previously, he was Washington bureau chief, directing MarketWatch’s economic, political and regulatory coverage. Follow Steve on Twitter: @MKTWgoldstein. Source: Marketwatch

U.S. stocks finished lower on Monday as all three major indexes fell for the fourth straight session and the Nasdaq Composite saw its lowest close in more than two years. The S&P 500 SPX, -0.75% closed 27.27 points, or 0.8%, lower at 3,612.39. The Dow Jones Industrial Average DJIA, -0.32% finished 93.91 points, or 0.3%, […]

Shares of Wynn Resorts Lt. WYNN, -11.77% tumbled 11.6% in afternoon trading Monday, enough to pace the S&P 500’s SPX, -0.51% losers, after some cities in China started imposing new COVID-related lockdowns. That put Wynn’s stock on track to suffer the biggest one-day selloff since it plunged 20.9% on March 18, 2020 at the start […]

Bank of America Corp.’s BAC, -0.78% 2022 Women & Minority Business Owner Spotlight survey of more than 1,300 entrepreneurs revealed an optimistic outlook for the coming year despite headwinds from supply chains, inflation and labor shortages. About 77% said their business is equipped to survive a recession. Over the next year, 66% of business owners […]