Category: Market News
Alex Mashinsky, chief executive at bankruptcy crypto lender Celsius, has submitted a letter of resignation from his post Tuesday, effective immediately. “I will continue to maintain my focus on working to help the community unite behind a plan that will provide the best outcome for all creditors – which is what I have been doing […]
Shares of Oracle Corp. ORCL, -0.02% rose 1.2% in morning trading Tuesday, after the Securities and Exchange Commission said the enterprise software company will pay more than $23 million to settle bribery charges. The SEC had charged Oracle for violating provisions of the Foreign Corrupt Practices Act (FCPA), saying subsidiaries in Turkey, the United Arab […]
Hertz Global Holdings Inc. HTZ, -4.18% and BP PLC BP, +0.79% BP, -2.92% said Tuesday they have signed a memorandum of understanding for the development of a network of electric vehicle charging stations in North America. The charging stations will be powered by BP pulse, the energy’s company’s global electrification and charging brand. BP pulse […]
Splunk Inc. SPLK, -2.04% said late Monday that Jason Child, the company’s chief financial officer since 2019, will step down in early November to accept “a position at a leading pre-IPO semiconductor company.” Splunk said it’s hired an executive search firm to find a new CFO, and reiterated its outlook for the third quarter and […]
U.S. stocks closed lower Monday amid elevated market volatility, extending last week’s losses as the S&P 500 sank to a new 2022 low. The S&P 500 SPX, -1.03% dropped 1% to end around 3,655.52, while the Dow Jones Industrial Average DJIA, -1.11% fell 1.1% and the Nasdaq Composite COMP, -0.60% slid 0.6%, according to preliminary […]
Victor Reklaitis is MarketWatch’s Money & Politics reporter and is based in Washington, D.C. Prior to joining MarketWatch, he served as an assistant editor and reporter at Investor’s Business Daily. Before IBD, he worked for several newspapers in Virginia. Follow Victor on Twitter at: @vicrek. Source: Marketwatch
Shares of Planet Fitness Inc. PLNT, +2.13% bounced 2.2% in afternoon trading Monday, after the fitness center company was doubled upgraded at Raymond James, citing a “highly resilient” business model and “attractive” valuation. Analyst Joseph Altobello raised his rating by two notches to strong buy from market perform, while setting a price target for the […]
The Federal Reserve is the proverbial bull in the china shop, prepared to create damage with higher interest rates to bring down the hottest inflation spell of the past 40 years. The first thing that will break is the financial markets, “as currently unfolding,” BMO Capital Markets economists Michael Gregory and Sal Guatieri said in […]
Voters in Arkansas will cast ballots in a statewide referendum on Nov. 8 on whether to allow adult-use cannabis sales, while a separate adult-use referendum planned for Oklahoma has fizzled, Benchmark analyst Mick Hickey noted Monday in his weekly cannabis chronicles. Last week, the Arkansas Supreme Court OK’d a request by Responsible Growth Arkansas to […]
Shares of Purple Innovation Inc. PRPL, +2.30% sank 4.5% in premarket trading Monday, after the mattress maker said it adopted a shareholders rights plan, in an effort to buy time to evaluate the unsolicited buyout bid by large shareholder Coliseum Capital Management LLC. The rights plan, also known as a “poison pill,” was adopted on […]
