Category: Market News
Crude prices surged on Monday, as investors entered what could be a decisive week in the West’s standoff with Russia, which has massed thousands of troops on Ukraine’s border. U.S. stocks tumbled Friday and oil prices closed at the highest since 2014 after White House national security adviser Jake Sullivan warned Russia could attack Ukraine […]
The U.S. death toll from COVID-19 topped 915,000 on Friday, as Nevada became the latest state to drop face mask requirements in most places, including its casinos. A number of states, mostly Democrat-run, have recently announced their plans to scrap face mask mandates as their governors push for a return to something like normalcy. The […]
Investment fund Apollo Global Management Inc. APO, -5.74% is closing in on a deal to buy the point-of-sale (POS) terminal business of France-based Worldline SA WRDLY, +4.32% WLN, +5.78% for nearly EUR2 billion ($2.3 billion), according to a report in The Wall Street Journal on Friday. Worldline shares were rallying 8% in Paris trading, while […]
Shares of Newell Brands Inc. NWL, +11.07% surged 3.3% in premarket trading Friday, after the consumer good company, with brands including Rubbermaid, Sharpie, Elmer’s and Mr. Coffee, reported fourth-quarter profit and revenue that beat expectations, while providing a mixed outlook for the current quarter and the full year. Net income fell $96 million, or 22 […]
Under Armour Inc. UA, -11.37% UAA, -12.49% reported fourth-quarter net income of $109.7 million, or 23 cents per share, down from $184.5 million, or 40 cents per share, last year. Adjusted EPS of 14 cents beat the FactSet consensus for 6 cents. Revenue of $1.529 billion was up from $1.404 billion and ahead of the […]
Cantor Fitzgerald analyst Pablo Zuanic on Friday reiterated a neutral rating on Aurora Cannabis ACB, -2.18% ACB, -1.88% and cut his 12-month price target to C$7.60 from C$10.75 due to reduced sales estimates. The company said it expects to reach positive Ebitda by the first half of fiscal year 2023, but Zuanic said the company […]
Zillow Group Inc. Z, +13.55% ZG, +12.66% said it expects to cut its workforce by 25% this year, as a result of the previously announced wind down of Zillow Offers operations, but that followed a more than 45% jump in its workforce in 2021. In the real estate information company’s 10-K annual report filed late […]
Alliance Global Partners on Friday launched coverage of U.S.-based cannabis multi-state operator Verano Holdings Corp. VRNOF, +1.05% VRNO, +1.20% with a buy rating and a price target of C$30 ($23.61) a share. Analyst Aaron Grey said the company is trading at a discount relative to its peers. “We believe the company will continue to close […]
Shares of Goodyear Tire & Rubber Co. GT, -27.44% jumped 4.0% in premarket trading Friday, after the tire maker reported fourth-quarter profit that rose well above expectations as revenue growth to a near 10-year high and higher selling prices helped offset inflationary cost pressures. Net income increased to $553 million, or $1.93 a share, from […]
Financeit Canada Inc. said Friday it agreed to be acquired by private equity firm Wafra Capital Partners Inc. for an undisclosed sum from seller Goldman Sachs Asset Management, a unit of Goldman Sachs Group Inc. GS, -2.03%. The deal comes after Financeit added more than 1,100 new merchant partners, processed 115,000 loan applications, and funded […]
