Category: Market News
Shares of Hertz Global Holdings Inc. HTZ, -4.29% fell about 1% in the extended session Wednesday after the rental-car company reported a quarterly loss. Hertz said it lost $260 million, or $1.52 a share, in the fourth quarter, compared with a loss of $289 million, or $1.85 a share, in the year-ago period. Adjusted for […]
Shares of Sleep Number Corp. SNBR, +3.36% fell more than 14% in the extended session Wednesday after the mattress and bedding manufacturer missed fourth-quarter expectations and said the late arrival of semiconductor parts from an undisclosed large supplier in December caused it to miss out on millions of dollars’ worth of sales. Sleep Number said […]
The American Petroleum Institute reported late Wednesday that U.S. crude supplies rose by about 6 million barrels for the week ended Feb. 18, according to sources. The API, which released its data a day later than usual due to Monday’s Presidents’ Day holiday, also reportedly showed a weekly inventory increase of 427,000 barrels for gasoline, […]
Shares of Noodles & Co. NDLS, -5.43% fell more than 20% in the extended session Wednesday after the restaurant chain reported a surprise quarterly loss and revenues that missed expectations, saying it faced staffing shortages and other challenges related to a COVID-19 surge late last year. Noodles & Co. said it lost $4.7 million, or […]
Wendy’s Co. WEN, -1.65% said late Wednesday its board of directors has authorized an increase of about 4% in the company’s quarterly dividend to 12.5 cents from 12 cents. The increase is effective with the next quarterly dividend payment on March 15 to shareholders of record as of March 7. “Our strong liquidity position, along […]
Shares of Allbirds Inc. birds fell around 4% in the extended session Wednesday after the footwear and apparel maker beat fourth-quarter expectations but called for slightly lower sales in the current quarter. Allbirds said it lost $10.4 million, or 9 cents a share, in the quarter, compared with a loss of $9.4 million, or 18 […]
The two prosecutors leading the Manhattan district attorney’s investigation into former President Donald Trump and his business practices abruptly resigned on Wednesday, the New York Times reported. The resignations came amid a month-long pause in their presentation of evidence to a grand jury, and throw the future of the inquiry into serious doubt, said the […]
Gold futures climbed on Wednesday, with haven demand for the precious metal in the wake of the Russia-Ukraine crisis lifting prices to their highest finish since January of last year. “Precious metals continue to shine amid heightened geopolitical risks concerning Ukraine, a struggling global stock market and soaring inflation,” said Fawad Razaqzada, market analyst at […]
Gap Inc. GPS, -0.89% said Wednesday that the first eight styles from the Yeezy Gap Engineered by Balenciaga collection are now available on the YeezyGap and Farfetch Ltd. FTCH, -3.72% websites. The release includes tees, hoodies, a denim jacket and pants. “An abstract dove motif seen throughout represents an unnamed hope for the future,” the […]
Read Next Teladoc stock drops after another quarterly loss for telemedicine company Shares of Teladoc Health Inc. undefined fell more than 6% in the extended session Tuesday after investors looked past a narrower quarterly loss and sales that were above expectations. Teladoc said it lost $11 million, or 7 cents a share, in the fourth […]