Category: Market News
Shares of Ford Motor Co. F, -0.27% fell 0.8% in morning trading, after the automaker said total March sales dropped 25.6% from a year ago to 159,328, but showed an increase from a month ago given improvements in production and inventory. The automaker also said retail orders at dealers rose 33% from a year ago […]
Exxon Mobil Corp. XOM, +0.64% said Monday it is working to discontinue operations at a Russian project but may have to impair its investment up to the full book value of $4 billion. “In light of the ongoing situation in Ukraine and the resulting sanctions on Russia, the Company is proceeding with efforts to discontinue […]
Starbucks SBUX, +0.57% on Monday said it will suspend its stock repurchasing program, effectively immediately, as Howard Schultz returns to the company as chief executive. “This decision will allow us to invest more into our people and our stores – the only way to create long-term value for all stakeholders,” said Schultz in a statement. […]
Shares of Li Auto Inc. LI, +5.54% rallied 5.2% in premarket trading Friday, after the China-based electric vehicle maker reported March deliveries that more than doubled from a year ago. The company said March deliveries of its Li ONEs rose 125.2% to 11,034 vehicles, a slight deceleration in growth from recent months as first-quarter deliveries […]
U.S. lawmakers moved to the brink Thursday of agreeing on a bipartisan compromise to provide a fresh $10 billion to combat COVID-19, a deal that could set up final congressional approval next week, the Associated Press reported. The effort, which would finance steps like vaccines, treatments and tests, comes as President Joe Biden has warned […]
Shares of videogame retailer GameStop Corp. GME, -0.95% jumped 15% premarket Friday and pulled other meme stocks higher with them, after the company announced that executives are looking to conduct a stock split for the first time in 15 years. The videogame retailer announced that it planned to ask shareholders for authorization to increase its […]
The U.S.-listed shares of China-based companies surged in premarket trading Friday, after Bloomberg reported that Chinese authorities are in the process of giving U.S. regulators full access to auditing reports. That would allow China-based companies to remain listed on U.S. exchanges, removing an overhang that has weighed on the American depositary receipts (ADRs) of China-based […]
Shares of XPeng Inc. XPEV, +5.80% shot up 8.7% in premarket trading, boosted by the broad rally in the U.S.-listed shares of China-based companies and after the electric vehicle maker reported a tripling in March deliveries. The company said it delivered 15,414 EVs were delivered in March, up 202% from a year ago, and up […]
Merck MRK, +1.79% and privately held Ridgeback Biotherapeutics said Friday they will present data showing that treatment with their COVID-19 antiviral ended infectious illness more rapidly than placebo in a late-stage trial. Data on the treatment, called molnupiravir in the U.S., will be presented at the 2022 European Congress of Clinical Microbiology & Infectious Diseases, […]
Shares of Nio Inc. NIO, +4.18% climbed 5.6% in premarket trading Friday, as the China-based electric vehicle maker benefited from a broad rally in Chinese ADRs and after the company reported vehicle delivery data. The company said it delivered 9,985 vehicles in March, up 37.6% from the same period a year ago. The deliveries included […]