Category: Market News
Shares of Li Auto Inc. LI, -8.84% surged 6.2% in premarket trading Thursday, to bounce off the previous session’s four-month closing low, after the China-based electric vehicle maker said it was moving up the launch of its Li L8 six-seat sport utility vehicle (SUV) to Sept. 30 due to strong demand. The company said it […]
Target Corp. TGT, -0.62% said Thursday it’s planning to hire up to 100,00 seasonal workers this holiday season with a new starting wage range of $15 to $24 an hour. The company said that on average, it retains about 30% of its season workers after the holiday season. The retailer will start its Target Deal […]
Steelcase Inc. SCS, -1.28% on Wednesday said it planned to cut up to 180 salaried positions in the third quarter, citing a “recent volume decline in our incoming orders and lower-than-expected return-to-office trends in the Americas.” The maker of furniture and other supplies for offices, hospitals and classrooms said the move was part of an […]
U.S. stocks remained lower in the final half-hour of trade Wednesday after sinking to new session lows. Major indexes saw big swings, giving up gains to trade lower after the Federal Reserve raised the fed funds rate by 75 basis points as expected but pointed to a higher peak in rates than anticipated next year. […]
New York Attorney General Letitia James on Wednesday filed a civil fraud lawsuit against former President Donald Trump, some of his children, the Trump Organization and other businesses associated with him. James’s suit accuses the Trumps of falsely inflating the ex-president’s net worth by billions of dollars “to induce banks to lend money to the […]
Charter Communications Inc. CHTR, -0.28% said Wednesday that Chris Winfrey, the company’s current chief operating officer, will take over the role of chief executive beginning Dec. 1. He will replace longtime CEO Tom Rutledge, who is retiring from the top post but staying on the board of directors through the end of his contract in […]
Cantor Fitzgerald analyst Pablo Zuanic on Wednesday reiterated an overweight rating on Canada’s Aurora Cannabis Inc. ACB, -4.76% ACB, -3.09% and reduced his price target to $3 a share from $3.12 a share. Zuanic said he expects no significant changes in top line trends in the coming quarter, after Aurora reported flat sequential fourth-quarter sales […]
Stocks stumbled Tuesday, ending sharply lower and erasing the previous session’s gains as investors awaited a Federal Reserve rate decision that’s expected to deliver another jumbo increase. The Dow Jones Industrial Average DJIA, -1.01% fell around 313 points, or 1%, to end near 30,707, according to preliminary figures. The S&P 500 SPX, -1.13% dropped 1.1% […]
Vera Bradley Inc. VRA, -4.60% said Tuesday that it has named Jacqueline Ardrey as its new president and chief executive, following the retirement of Rob Wallstrom. Wallstrom, who announced his intention to retire in July, will remain with the company through December to serve as an adviser to Ardrey “and ensure a smooth transition,” the […]
Shares of Walgreens Boots Alliance Inc. WBA, -0.86% shed 0.3% toward a near two-year low in midday trading Tuesday, after the drug store services company said it would spend $1.37 billion to buy the remaining 30% stake in specialty pharmacy company Shields Health Solutions that it didn’t already won. Walgreens expects the latest purchase to […]
