Category: Market News
Amazon.com Inc. AMZN, -2.73% has given the Federal Trade Commission a mid-March deadline to rule on Amazon’s proposed $6.5 billion purchase of the MGM movie and television studio, according to a Wall Street Journal report on Thursday. The ultimatum came after the e-commerce giant certified to the FTC that it provided all the information requested […]
Cisco Systems Inc. CSCO, -0.14% is the latest major U.S. company to pause business operations in Russia because of its invasion of Ukraine. Cisco Chief Executive Chuck Robbins told staff in an letter Thursday that “Cisco is stopping all business operations in Russia and Belarus and will continue to focus on supporting our Ukrainian employees, […]
Sweetgreen Inc. SG, -11.34% reported mixed quarterly results late Thursday, and the stock rallied more than 20% after the fast-casual restaurant said it demonstrated “continued recovery from the pandemic” and benefited from higher prices for its salads and other health-minded meals. Sweetgreen said it lost $66.2 million, or $1.14 a share, in the fourth quarter, […]
BTIG technical analyst Jonathan Krinsky said that while the S&P 500 SPX, -0.53% has room to rally further without breaking out of its current downtrend channel, but he remains “cautious” on stocks given that market internals have been “struggling.” In particular, Krinsky noted that the percentage of S&P 500 components that have been trading below […]
The Biden administration on Thursday poured cold water on banning oil CL.1, -0.71% imports from Russia, a move that some in Congress including House Speaker Nancy Pelosi are calling for. “We don’t have a strategic interest in reducing the global supply of energy,” White House press secretary Jen Psaki told reporters at a daily briefing. […]
Shares of World Wrestling Entertainment Inc. WWE, -1.31% fell 1.3% in morning trading Thursday, to pull back from the previous session’s four-month closing high, after the media and entertainment company said it has eliminated access in Russia to any WWE programming. “WWE has terminated its partnership with Russian broadcaster Match and shut down WWE Network […]
The number of MYSE-listed stocks reaching new 52-week highs was at 62 in morning trading Thursday, exceeding the number of new lows of 38. That puts the exchange on track to see more new highs than new lows for a second-straight session, following a streak of 18 sessions that new lows topped new highs. The […]
Shares of Bilibili Inc. BILI, -3.33% bounced 2.0% in premarket trading Thursday, after the China-based videogame company reported a wider-than-expected loss, as cost of revenue surged, but revenue that rose just above forecasts and announced a $500 million stock buyback program. Net losses widened to RMB2.09 billion ($330.4 million), or RMB5.34 a share, from RMB827.8 […]
Oil futures posted a third straight gain on Wednesday, with U.S. prices ending at their highest in more than a decade, with no end in sight to the Russian invasion of Ukraine, which threatens to disrupt global crude supplies. The climb for oil prices followed data from the Energy Information Administration, which revealed weekly declines […]
Shares of WW International Inc. WW, +7.39%, formerly known as Weight Watchers, bounced 7.2% in afternoon trading, after closing the previous session at the lowest price since Oct. 16, 2015, which was the day before the wellness and weight management company announced that Oprah Winfrey had taken an equity stake. The stock’s rally comes despite […]