Category: Market News
The stock of paint company PPG Industries Inc . PPG, -4.80% slid 7% in premarket trade Monday, after it warned that third-quarter earnings would lag estimates due to softer demand in Europe and China. The Pittsburgh, Pa.-based company is now expecting adjusted per-share earnings for the quarter to be 5% to 7% below the guidance […]
Target Corp. TGT, -2.19% said Monday that Black Friday deals are available now and will continue through Thanksgiving week. The company said the move is three weeks earlier than last year and that customers can find prices discounted by up to 50% or more across toys and games, electronics, kitchen appliances and more. New weekly […]
Tilray Brands Inc. TLRY, -18.72% closed lower by 18.7% on Friday after the cannabis company said its first-quarter loss widened to $65.8 million, or 13 cents a share, from a loss of $34.6 million, or 9 cents a share, in the year-ago quarter. Revenue at the cannabis company fell 9% to $153.2 million. Analysts expected […]
Oil futures climbed for a fifth session in a row on Friday, with prices for the front-month U.S. contract ending 16.5% higher for the week. “For several weeks, fears about a weakening global economy had been weighing on oil prices,” said Colin Cieszynski, chief market strategist at SIA Wealth Management. “This week, however, sentiment changed […]
Package-delivery giant FedEx Corp.’s FDX, -1.50% large ground-shipping business intends to cut its holiday-period volume outlook amid waning demand, according to a report from Reuters. The change to the forecast reflects “the latest information from customers about how they anticipate current conditions are likely to decrease their volumes this holiday season,” Paul Melander, a FedEx […]
New York City subways have been suspended in much of Midtown and Lower Manhattan on Friday, after police said that someone had sprayed an unknown substance during a dispute that was causing passengers to become sick, CBS News reported. The incident took place shortly after 10 a.m. ET on a platform at the Union Square […]
Private equity firm EIG said Friday its MidOcean Energy portfolio company agreed to pay $2.15 billion to Tokyo Gas Co. Ltd. TKGSY, 9531, -1.50% for interests in four Australian liquid natural gas (LNG) projects. The deal includes ownership stakes in Gorgon LNG, Ichthys LNG, Pluto LNG and Queensland Curtis LNG. EIG said the deal marks […]
Tilray Brands Inc. TLRY, +30.87% said Friday its first-quarter loss narrowed to $65.8 million, or 13 cents a share, from a loss of $34.6 million, or 9 cents a share, in the year-ago quarter. Revenue at the cannabis company fell 9% to $153.2 million. Analysts expected Tilray to lose 7 cents a share on revenue […]
As more infectious variants of the virus that causes COVID emerge, it’s vital that a World Trade Organization decision to implement a waiver on vaccines, diagnostics and therapies be enforced to help poorer countries fight the illness, a Congressional group has told President Joe Biden. In a letter, the group led by Rep. Earl Blumenauer, […]
Apollo Global Management Inc. APO, -1.20% and Sixth Street Partners LLC are not moving ahead with talks to help finance Elon Musk’s $44 billion acquisition of Twitter Inc. TWTR, -3.72%, Reuters reported. Musk replied, “correct” on Twitter when answering queries about whether the two lenders are absent from the $7.1 billion in third-party equity financing […]
