Category: Market News
Mandiant Inc. MNDT, +16.05% shares rallied Monday and were halted following reports that the cybersecurity company is also in talks with Google parent Alphabet Inc. GOOG, -4.28% GOOGL, -4.19% over a possible deal, raising the possibility of a bidding war. Mandiant shares rallied more than 20% after being paused at least once following a report […]
Gold futures rallied on Monday to finish at their highest price since mid-August 2020, with the precious metal continuing to find support as a haven investment as the Russia-Ukraine war rages on. “Ongoing concerns about price pressures and Fed policy expectations being dialed back slightly due to geopolitics are both strong tailwinds behind gold here,” […]
Peabody Energy Corp. BTU, -18.67% shares fell 7.7% Monday after the company said it posted $534 million since Dec. 31 to satisfy margin requirements. The company also announced a $150 million unsecured multiple draw credit facility with Goldman Sachs Group Inc. GS, -1.44%. The financing will support Peabody Energy’s potential near-term liquidity requirements in case […]
Stocks opened lower as investors continued to monitor developments around Russia’s invasion of Ukraine, tracking volatile action in crude-oil prices. The Dow Jones Industrial Average DJIA, -0.76% fell 132 points, or 0.4%, to 33,483, while the S&P 500 SPX, -1.05% fell 0.2% to 4,321 and the Nasdaq Composite COMP, -1.07% rose 0.3% to 13,349. Stock-index […]
Shares of Limelight Networks Inc. LLNW, -1.31% rallied 6.7% in premarket trading Monday, after the content delivery services provider announced a deal to buy Yahoo’s Edgecast Inc., a provider of security, content delivery and video services, in a stock deal that values Edgecast at about $300 million. Yahoo, which owns Edgecast, is owned by Verizon […]
Shares of Biogen Inc. BIIB, -0.84% were up 1.0% in trading on Thursday after the company confirmed to media outlets that it is laying off some U.S. employees as part of an effort to secure $500 million in annual cost savings. Stat first reported the layoffs, saying the company plans to cut 1,000 jobs, citing […]
TJX Cos. TJX, -4.82% said in a Thursday filing that it will divest its equity ownership in Familia, a Luxembourg-based off-price retailer with 400 stores in Russia. TJX, which is parent company to HomeGoods and TJ Maxx, says it is taking the step “in support of the people of Ukraine.” In addition to the divestiture, […]
Finally, the average U.S. daily COVID-19-related death count appears to have started a more rapid decline, after lagging the sharp drops seen for cases and hospitalizations. After holding steadily just below 2,000 earlier this week and late last week, the seven-day average of deaths fell to a two-month low of 1,706 on Thursday, down more […]
Dollar General Corp. DG, +2.27% announced Friday plans to create about 10,000 new jobs in 2022, which would increase its total workforce by 6%. The new jobs will come from new stores, distribution center and private fleet growth. The discount retailer had recently announced plans to open 1,110 stores. The stock, which was still inactive […]
Sprouts Farmers Market Inc. SFM, +6.93% shares rose 4.7% in Friday premarket trading after the grocer announced a new $600 million share repurchase program. The new program replaces a previous one that had $100 million remaining. The program expires on December 31, 2024. Sprouts stock has run up 30.6% over the past year while the […]