Category: Market News
Shares of Didi Global DIDI, -3.15% dropped 17% in premarket trading on Monday, after the China ride-share group over the weekend announced a 12% drop in fourth-quarter revenue from a year earlier and plans to vote on a delisting from the New York Stock Exchange. The company, which is facing a cybersecurity probe in Japan, […]
Citigroup Inc. C, +1.56% shares rose 1.4% on Thursday after the bank said its first-quarter profit fell 46% to $4.3 billion, or $2.02 per share from $7.9 billion, or $3.62 per diluted share in the year-ago quarter. Revenue fell to $19.2 billion from $19.7 billion, as higher net interest income was more than offset by […]
JD.com Inc. JD, -2.95% is sending more than 100 autonomous vehicles to Shanghai to help the city, which is under a strict lockdown due to a COVID-19 outbreak, with customer order deliveries, mobile cabin hospitals, and more. About 50 indoor delivery robots are being sent to help with the effort as well. “With AI technology […]
Shares of Protagonist Therapeutics Inc. PTGX, -21.83% tumbled 27.8% in premarket trading on Thursday, the day after the company disclosed in a securities filing that it expects data from a Phase 2 clinical trial for its ulcerative colitis treatment candidate in the second quarter. It also told investors that the Food and Drug Administration is […]
Shares of Goldman Sachs Group Inc. GS, -0.10% rallied 1.7% in premarket trading Thursday, which would be enough to keep futures YM00, -0.27% for the Dow Jones Industrial Average DJIA, -0.33% in positive territory, in the wake of bank and broker’s first-quarter earnings report. The stock’s implied price gain would add about 36 points to […]
Stocks were trading with small gains after the opening bell Thursday in the final session of a holiday-shortened week, as investors weighed a raft of earnings from big Wall Street banks. The Dow Jones Industrial Average DJIA, -0.33% rose 181 points, or 0.5%, while the S&P 500 SPX, -1.21% was up 0.2%. The Nasdaq Composite […]
Tesla Inc. shares TSLA, -3.66% slid 2.7% Thursday, after its Chief Executive Elon Musk launched an unsolicited bid for Twitter Inc. TWTR, -1.68%, raising concerns he may end up running three companies. Musk is offering $54.20 per each Twitter share he does not already own, valuing the social media platform at more than $43 billion. […]
An earlier version of this report had incorrect sales numbers for 2021 and 2020. It has been corrected. Steinway Musical Instruments Holdings Inc., a company created in 1853 to make pianos, launched its initial public offering on Thursday with plans to list on the New York Stock Exchange, under the ticker ‘STWY.” “We are a […]
Business inventories rose 1.5% in February as companies tried to stock up low levels of products on hand. Sales in the month increased 1%, the government said Thursday. The inventory-to-sales ratio rose to 1.26 form 1.25. The ratio reflects how long it would take a company to sell all the goods sitting on warehouse shelves. […]
The U.S. Consumer Product Safety Commission said about 155,000 GE-brand French-door refrigerators with bottom freezers are being recalled, as the freezer handle can detach, posing a fall hazard. GE Appliances, a company of Louisville-based Haier, said the recall involves six models of the “fingerprint-resistant stainless steel” refrigerators sold from February 2020 through January 2022 for […]