Category: Market News
Viridian Capital on Tuesday initiated coverage of Ascend Wellness AAWH, -0.90% with a buy rating and a $5.15 price target as a beneficiary of adult cannabis sales in New Jersey starting on Thursday. Analyst Jonathan DeCourcey said Ascend Wellness trades at a discount to other cannabis multi-state operators (MSOs) partly because its stock debut in […]
Stocks finished sharply higher Tuesday as energy prices pulled back and investors combed through another batch of corporate earnings. The Dow Jones Industrial Average DJIA, +1.45% gained about 502 points, or 1.5%, to end near 34,912, marking its biggest daily percentage climb since March 16, according to FactSet. The S&P 500 index SPX, +1.61% rose […]
The American Petroleum Institute reported late Tuesday that U.S. crude supplies fell by 4.5 million barrels for the week ended April 15, according to sources. The API also reportedly showed a weekly inventory climb of 2.9 million barrels for gasoline, while distillate stockpiles declined by nearly 1.7 million barrels. Oil stocks at the Cushing, Okla., […]
U.S. oil prices declined on Tuesday to finish at their lowest level in a week, pressured by strength in the U.S. dollar and worries about Chinese energy demand. “Lower growth forecasts and slower Chinese growth at the end of the first quarter amid lockdowns appear to have driven the bulk of the move,” said Craig […]
Read Next Twitter expected to say no to Elon Musk as Yahoo owner Apollo shows interest: report Twitter Inc. undefined is expected to turn down Tesla Inc. undefined Chief Executive Elon Musk’s offer for the social-networking company, and private-equity powerhouse Apollo Global Management Inc. undefined is considering whether to join in a bid, according to […]
A previous version of this report misstated that this is the first time that Amazon One will be available outside of Seattle. It has been corrected to reflect this is a first for the Whole Foods Market chain. Amazon.com Inc. AMZN, +3.29% said Tuesday that its palm recognition service, Amazon One, is now available at […]
Shares of Blend Labs Inc. BLND, +0.85% were little changed in morning trading Tuesday, after the San Francisco-based banking software company disclosed that it will cut 200 jobs, or about 10% of its workforce, as part of its plan to cut costs and “better align its operating structure with its business activities.” The company said […]
Shares of Lockheed Martin Corp. LMT, -0.05% dropped 2.9% in premarket trading Tuesday, after the aerospace and defense contractor reported first-quarter profit that beat expectations but sales that fell well short, as all four of its business segments missed expectations. Net income fell to $1.73 billion, or $6.44 a share, from $1.84 billion, or $6.56 […]
The U.S. dollar USDJPY, +1.05% on Tuesday continued to rally against the Japanese yen, fetching 128.33 yen versus 126.99 yen on Monday. The greenback is up 11% this year against its Japanese counterpart. “The losses in the yen have snowballed into an avalanche, with the currency getting buried under the weight of monetary policy divergence […]
Champs Sports said Monday that it will launch the first Homefield location in Pembroke Pines, Fla., between April 22 and April 24. This Champs Sports Homefield will span more than 35,000 square feet and offer amenities like a full basketball court, a multi-sport court and a wide array of gear across running, yoga, baseball and […]