Category: Market News
Rates on 5-, 10- and 30-year Treasury inflation-protected securities continue to rise on Monday — hitting their highest or least negative levels in more than two years, according to Tradeweb. Monday’s rise in real, or inflation-adjusted, rates was accompanied by a continued selloff of U.S. stocks across the board. The 5-year TIPS yield traded at […]
Terminix Global Holdings Inc. TMX, -3.34% shares rose 1% in premarket trades on Monday after the company said it sold its pest management units in Norway and the U.K. to unnamed buyers in order to close its pending $6.7 billion acquisition of Rentokil Initial Plc. Terminix said it will book a loss on the sale […]
Shares of Coty Inc. COTY, -1.89% rose 0.3% in premarket trading, after the beauty products company reported fiscal third-quarter profit and revenue that topped expectations, amid strength in its Prestige and Consumer Beauty segments, and raised its full-year outlook. For the quarter to March 31, the company swung to net income of $50.3 million, or […]
The 1,000-point plunge in the Dow Jones Industrial Average DJIA, -0.30% is unanimous, with all 30 components losing ground. The biggest drags on the Dow were shares of Home Depot Inc. HD, -1.60%, which tumbled $14.97 (4.8%), and UnitedHealth Group Inc. INC, -0.56%, which dropped $14.18 (2.8%), to shave about a combined 192 points off […]
Boeing Co. BA, -1.04% executives are planning to move the aerospace company’s headquarters to Arlington, Va., from Chicago, the Wall Street Journal reported Thursday, citing people described as familiar with the matter. The move could be announced as soon as next week, the Journal said. Boeing did not immediately return a request for comment. The […]
Bitcoin BTCUSD, -3.60% plunged more than 5% Thursday to the lowest level since Feb. 22, amid broad sell-offs in stock markets. The cryptocurrency dropped to as low as $36,639 Thursday, according to CoinDesk data. It was trading midday New York time at around $36,933, down 5.5% over the past 24 hours. The Dow Jones Industrial […]
The U.S.-listed shares of Novartis AG NVS, -0.45% NOVN, -0.66% fell 2.6% in afternoon trading Thursday, after the Switzerland-based drug maker said it was “temporarily” suspending delivery of its cancer treatments Lutathera and Pluvicto in the U.S., as part of a quality review of its production sites in Millburn, New Jersey and Ivrea, Italy. The […]
Dish Network Corp. DISH, -19.14% said Friday it had net income of $433 million, or 68 cents a share, in the first quarter, down from $630 million, or 99 cents a share, in the year-earlier period. Revenue fell to $4.33 billion from $4.50 billion a year ago. The FactSet consensus was for EPS of 74 […]
Shares of Cigna Corp. CI, +5.88% gained 0.2% in premarket trading Friday, after the health care services company reported first-quarter profit and revenue that rose above expectations, and provided and upbeat full-year earnings outlook. Net income rose to $1.18 billion, or $3.68 a share, from $1.16 billion, or $3.30 a share, in the year-ago period. […]
Spectrum Brands Holdings Inc. SPB, +3.92% reported fiscal second-quarter profit and sales that beat expectations, while gross margin contracted as inflationary costs were higher than related price increases. Shares of the consumer products company, which brands include George Foreman, Remington and Health-Hide, were still inactive in premarket trading. Net income for the quarter to April […]