Category: Market News
Shares of QuantumScape Corp. QS, -2.97% fell more than 6% in the extended session Wednesday after the maker of solid state lithium metal batteries for electric cars posted a wider-than-expected quarterly loss. QuantumScape also promised to hit several milestones in 2022, including the delivery of samples using the company’s proprietary cell format to at least […]
Shares of Hyatt Hotels Corp. H, +0.40% fell more than 6% in the extended session Wednesday after the hotel operator reported a much wider-than-expected quarterly loss, saying it expects to benefit from the “strengthening demand environment ahead” especially for high-end travelers. Hyatt lost $29 million, or 26 cents a share, in the fourth quarter, compared […]
CSX Corp. CSX, +1.79% said late Wednesday that its board has authorized a 7% increase in the railroad operator’s quarterly dividend to 10 cents a share. The dividend is payable on March 15 to shareholders of record at the close of business on Feb. 28, the company said. Shares of CSX rose 0.1% in the […]
Oil futures rose on Wednesday to erase some of their loss from a day earlier, as uncertainty surrounding the Russia-Ukraine crisis continued. “The situation regarding Ukraine hasn’t calmed down completely,” with U.S. Secretary of State Anthony Blinken claiming that there are no signs that Russia is withdrawing, said Fawad Razaqzada, market analyst at ThinkMarkets. West […]
Medical technology company Masimo Corp. shares MASI, -36.37% tumbled 35% Wednesday, to mark their biggest ever percentage decline, a day after the company announced its biggest ever deal, the acquisition of consumer tech company Sound United for about $1 billion. Sound United owns consumer audio brands including Bowers & Wilkins, Denon, Polk Audio and Marantz. […]
The New York Stock Exchange has filed trademark applications with the U.S. Patent and Trademark Office for downloadable software to allow trading of a variety of assets, according to a Feb. 10 filing. The NYSE is applying to supply an online marketplace for buyers, sellers, and traders of downloadable digital goods authenticated by non-fungible tokens […]
Shares of The Trade Desk were up more than 3% in premarket trading Wednesday after the advertising-technology company exceeded expectations with its latest financial results and delivered an upbeat outlook. The company generated fourth-quarter net income of $8.0 million, or 2 cents a share, compared with $151.9 million, or 31 cents a share, in the […]
Shares of Ericsson ERIC, +2.47% ERIC.A, -9.78% ERIC.B, -10.57% slumped on Wednesday a day after the Swedish telecommunications giant disclosed “serious breaches of compliance rules” over Iraq dealings. U.S.-listed shares fell 8% in premarket trading, echoing losses seen in Stockholm. The company found corruption-related misconduct and questionable payments in Iraq dealings dating back to 2018. […]
Oil futures declined on Tuesday, as some concerns over the Russia-Ukraine crisis eased, pulling U.S. prices down by almost 4%. “We estimate that oil prices are $10-$20 higher than they should be because of uncertainty surrounding Russia/Ukraine,” said David Bahnsen, chief investment officer at The Bahnsen Group. “With oil prices in the $90s, demand may […]
Stocks finished sharply higher Tuesday, with major indexes snapping a three-day losing streak, as Russia said it was pulling back some troops from the border with Ukraine after concluding military exercises. The Dow Jones Industrial Average DJIA, +1.22% rose around 422 points, or 1.2%, to finish near 34,988, according to preliminary figures, while the S&P […]