Category: Market News
American Express Co. AXP, +0.34% announced Thursday that it would work with Billtrust BTRS, +2.42% on automation related to business-to-business (B2B) payments. Through the collaboration, suppliers will be able to automate virtual card payments from their customers and obtain a “real-time view of their outstanding invoices and current cash flow,” Amex said in a release. […]
Shares of T Stamp Inc. IDAI, +8.25% blasted 171.9% higher on very heavy volume in premarket trading Thursday, enough to make the stock the biggest gainer on major U.S. exchanges, after the identity services company announced the launch of its Biometric Multi-Factor Authentication (MFA) product that provides identity assurance with a selfie. Trading volume ballooned […]
Shares of Eli Lilly & Co. LLY, +0.80% rallied 1.8% in premarket trading Thursday after the drug maker reported first-quarter profit and revenue that beat expectations, as better-than-forecast COVID-19 antibodies results offset a Trulicity miss. Net income rose to $1.90 billion, or $2.10 a share, from $1.36 billion, or $1.49 a share, in the year-ago […]
Penn National Gaming Inc. PENN, +0.19% Chief Executive Jay Snowden’s total compensation rocketed to $65.89 million in 2021, from just $3.90 million in 2020, as surge in the gaming and esports company’s stock led to more than $50 million worth of stock awards. In the company’s 2021 proxy statement filed late Tuesday, the company said […]
BioNTech SE BNTX, -2.37% and Pfizer Inc. PFE, +1.45% said Tuesday that they expect to share data from a clinical trial evaluating their COVID-19 vaccines in children between the ages of 6 months and 5 years old sometime before the end of June. The announcement was included in a news release stating that the companies […]
Oil futures trimmed a decline after government data showed a rise in U.S. crude inventories last week alongside declines in gasoline and distillate supplies. Crude inventories rose 700,000 barrels, the Energy Information Administration said. Analysts surveyed by The Wall Street Journal had forecast a rise of 600,000 barrels. But the American Petroleum Institute late Tuesday […]
Stocks finished mostly higher, but off session highs, as a rebound attempt lost steam in afternoon trade. The Nasdaq Composite COMP, -0.01%, which attempted to bounce back after dropping 4% on Tuesday to post its lowest close since December 2020, gave up gains to end around 2 points lower, a loss of less than 0.1%, […]
Align Technology Inc. ALGN, -0.24% stock fell more than 22% in the extended session Wednesday after the maker of Invisalign aligners and other orthodontic products missed first-quarter expectations, saying that the quarter was “tougher than expected” as “COVID lockdowns, weaker consumer confidence, inflationary pressures, and the Russia/Ukraine conflict have created headwinds.” Align said it earned […]
LendingClub Corp. LC, -0.65% shares rose more than 20% in the extended session Wednesday after the lending and banking company swung to a first-quarter profit. LendingClub said it earned $40.8 million, or 39 cents a share, in the quarter, reversing a loss of $47.1 million, or 49 cents a share, in the year-ago quarter. Revenue […]
Oil futures ended a choppy session in positive territory after data showed a large drop in U.S. gasoline and distillate inventories. West Texas Intermediate crude for June delivery CL.1, +0.51% CLM22, +0.51% rose 32 cents, or 0.3%, to close at $102.02 a barrel on the New York Mercantile Exchange after earlier dipping back below the […]