Category: Market News
Shares of LXP Industrial Trust LXP, -14.14% dropped 6.6% in premarket trading Friday, after the real estate investment trust, focused on single-tenant warehouse and distribution investments, said it has decided to suspend its evaluation of strategic alternatives, which included a possible sale or merger. The company said discussions with a “wide array” of investors affirmed […]
LivePerson Inc. LPSN, +2.08% responded Friday to a letter from activist investor Starboard Value LP, saying it has “constructively engaged” in talks with Starboard Value and the fund’s Managing Member Peter Feld since Starboard disclosed its investment in February. “LivePerson remains committed to serving the best interests of all shareholders,” the mobile messaging company said […]
Applied Blockchain Inc. said Friday it plans to raise up to $67 million in its initial public offering by selling about 3.24 million shares at an estimated price range of $16.54 to $20.54 a share with underwriters B. Riley Securities and Needham & Co. Dallas-based Applied Blockchain plans to trade on the Nasdaq under the […]
Shares of Boeing Co. BA, -1.56% slipped 0.7% in morning trading Friday, after reports that a Boeing 757 cargo jet broke in half while landing. The stock was the biggest decliner among Dow Jones Industrial Average DJIA, +0.40% components. A Boeing 757 operated by package delivery company DHL detected a hydraulic system failure soon after […]
The British pound GBPUSD, -0.31% fell below $1.30 on Friday, trading at the lowest level since November 2020. The U.K. currency has been pressured as the Bank of England, despite being further along with rate increases than the U.S. Federal Reserve, has expressed caution about how high it can take rates. The U.K. currency also […]
U.S. stocks opened mixed Friday, with the technology-heavy Nasdaq Composite COMP, -1.34% and S&P 500 SPX, -0.27% trading lower, as investors continue to digest expectations for a more hawkish Federal Reserve ahead of March inflation data due out early next week. The Dow Jones Industrial Average DJIA, +0.40% was up slightly before dipping into negative […]
Legal cannabis companies would be allowed for the first time to deduct ordinary business expenses on their state taxes under a budget agreement reached Thursday by New York State lawmakers. This would put cannabis companies on equal tax ground with all other businesses in the state, at least in terms of their New York income […]
Walgreens Boots Alliance WBA, +0.69% CEO Rosalind Brewer joined the board of Village MD, a privately held network of primary care clinics that Walgreens has invested in. Walgreens announced in October that it would invest $5.2 billion in VillageMD, with the goal of opening 600 Village Medical at Walgreens clinics by 2025. Walgreens now owns […]
William Watts is MarketWatch’s senior markets writer. Based in New York, Watts writes about stocks, bonds, currencies and commodities, including oil. He also writes about global macro issues and trading strategies. Before moving to New York, he reported for MarketWatch from Frankfurt, London and Washington, D.C. Source: Marketwatch
Analyst Kenneth Leon at CFRA on Friday lowered his rating on Whirlpool Corp. WHR, +2.04% shares to sell, from buy, and lowered his price target by $20 to $180 as rising interest rates and a “potential risk of global stagflation” could hurt consumer-discretionary spending for household appliances. “We believe (Whirlpool) shares may underperform the S&P […]