Category: Market News
DraftKings DKNG, -3.95% is close to signing an exclusive partnership with sports network ESPN, according to a report from The Action Network, sending shares 7.9% higher after hours. The terms of the deal between the sports-betting platform and sport-media giant are not yet clear. But The Action Network said that ESPN was seeking $3 billion […]
The judge in a legal battle between Twitter Inc. TWTR, -3.72% and Tesla Inc. TSLA, -1.11% Chief Executive Elon Musk on Thursday delayed their trial, previously set for Oct. 17, to give the sides time to close the $44 billion acquisition at the heart of the beef. Trial was set to begin Oct. 17 in […]
Republican Sen. Ben Sasse of Nebraska is expected to retire in order to become president of the University of Florida, according to multiple published reports on Thursday. The university said in a news release on Thursday that its Presidential Search Committee has “unanimously recommended United States Senator Dr. Ben Sasse as the sole finalist for […]
Oil futures finished higher for a fourth session in a row on Thursday, continuing to find support a day after the Organization of the Petroleum Exporting Countries and their allies announced a 2 million-barrel production cut starting in November. U.S. benchmark West Texas Intermediate crude for November delivery CLX22, +1.21% rose 69 cents, or 0.8%, […]
President Joe Biden “is disappointed by the shortsighted decision by OPEC+ to cut production quotas while the global economy is dealing with the continued negative impact of Putin’s invasion of Ukraine,” said a White House statement on Wednesday from National Security Adviser Jake Sullivan and top economic adviser Brian Deese. “In light of today’s action, […]
The Energy Information Administration on Wednesday reported that U.S. crude inventories fell by 1.4 million barrels for the week ended Sept. 30. On average, analysts forecasted a decline of 1.5 million barrels, according to a poll conducted by S&P Global Commodity Insights. The EIA also reported weekly inventory declines of 4.7 million barrels for gasoline […]
Shares of Monopar Therapeutics Inc. MNPR, +12.35% gained 13.5% in premarket trading on Wednesday after the company said it completed enrollment in a Phase 2b clinical trial evaluating its experimental therapy aimed at preventing severe oral mucositis in patients undergoing chemoradiotherapy for oropharyngeal cancer. Monopar expects to have interim data from this study in the […]
Elon Musk would lose about 13.5 million Twitter TWTR, +22.24% followers, if he pushes through his plan to get rid of most spam accounts, according to data crunched by CodeClan, a Scottish digital skills academy. The Tesla Inc. TSLA, +2.90% CEO on Tuesday gave up a legal battle and agreed to pay $44 billion to […]
U.S. stocks finished sharply higher on Tuesday, with the Dow rising about 826 points and posting its longest streak of back-to-back gains of more than 2% since May 2020, according to Dow Jones Market Data. The blue-chip index surge about 2.8% to end near 30,316, while the S&P 500 index SPX, +3.06% rose 3.1% and […]
U.S. stocks are trading near their highest levels of the day heading into the final hour of Tuesday’s session as the market kicks off the fourth-quarter with what are shaping up to be the biggest back-to-back gains for the Dow Jones Industrial Average in two-and-a-half years. In a testament to how hectic markets have been […]
