Category: Market News
Shares of Okta Inc. OKTA, -2.90% dropped 4.3% in afternoon trading Thursday, putting them on track to close at a near two-year low, following a double downgrade by Raymond James analyst Adam Tindle. The downgrade comes on the heels of the announcement by the provider identity management services for businesses it was investigating a potential […]
Home Depot Inc. HD, -0.28% disclosed that it cut its overall workforce by 2.8% in the fiscal year ended Jan. 30, 2022, while increasing the number of salaried employees by 19.9%. In the home improvement retail giant’s 10-K annual report filed with the Securities and Exchange Commission late Wednesday, the company said it had 490,600 […]
Columbia Care Inc. CCHWF, -1.92% CCHW, -2.28% said Thursday its fourth-quarter net loss widened to $53.3 million, or 14 cents a share, from a loss of $43.3 million, or 16 cents a share in the year-ago quarter. The cannabis company’s revenue increased to $139.3 million from $76.1 million. Analysts expected Columbia Care to lose five […]
Anatoly Chubais has become one of the highest-ranking Russian officials to leave his post over President Vladimir Putin’s war in Ukraine that began roughly a month ago, various media outlets reported on Wednesday. Citing two sources, Bloomberg reported that the climate envoy known as a reformer in the 1990s who steered the country’s privatization, had […]
Gold futures rallied on Wednesday to settle at their highest in almost a week. The U.S. Federal Reserve has “marked out a series of planned interest rate rises throughout the year, so gold is likely to face an increasingly less favourable macroeconomic environment,” said Rupert Rowling, market analyst at Kinesis Money. “Yet the one factor […]
Russian forces have committed war crimes in Ukraine, the U.S. government has assessed, Secretary of State Antony Blinken said in a statement Wednesday. Blinken’s statement comes as President Joe Biden is en route to Brussels for meetings with allies, and is expected to announce more sanctions on Russia over the invasion of Ukraine. “Today, I […]
All three major U.S. stock benchmarks closed lower Wednesday amid a sharp rise in oil prices as the Russia-Ukraine war pressed on for about a month. The Dow Jones Industrial Average DJIA, -1.29% and Nasdaq Composite COMP, -1.32% each closed around 1.3% lower, while the S&P 500 SPX, -1.23% fell 1.2%, according to preliminary FactSet […]
Shares of Traeger Inc. COOK, -4.56% fell more than 11% in the extended session Wednesday after the grill maker reported fourth-quarter results above Wall Street expectations but guided for lower sales, saying it is feeling the pinch of inflation, dimmer consumer confidence and thinner profit margins. Traeger said it lost $33.7 million, or 29 cents […]
Nikola Corp. NKLA, -0.65% late Wednesday confirmed it started production of its electric commercial truck, the Tre, last week at its Coolidge, Ariz., factory. The EV maker had aimed for that when it reported fourth-quarter earnings last month. “We are laser-focused on delivering vehicles and generating revenue as the global leader in zero-emission transportation and […]
Shares of Oxford Industries Inc. OXM, -3.44% rose more than 5% in the extended session Wednesday after the maker of Tommy Bahama, Lily Pulitzer and other clothing brands swung to a quarterly profit, raised its dividend, and said its 2022 prospects are brighter. Oxford Industries said it earned $25.4 million, or $1.50 a share, in […]