Category: Market News
Raymond James Financial Inc. RJF, +0.82% disclosed Wednesday its proxy statement covering fiscal 2021, showing that Chief Executive Paul Reilly got a near $1.5 billion boost to total compensation following a record year financially for the financial services company. Reilly’s total compensation increased to $13.91 million in fiscal 2021, which ended September, from $12.45 million […]
The Energy Information Administration reported on Wednesday that U.S. crude inventories fell by 4.6 million barrels for the week ended Jan. 7. On average, analysts had forecast a fall of 1.6 million barrels, according to a poll conducted by S&P Global Platts. The American Petroleum Institute on Tuesday reported a 1.1 million-barrel decline, according to […]
Shares of Hyzon Motors Inc. HYZN, +8.96%, a supplier of hydrogen-powered commercial vehicles, fell 16% in premarket trading Wednesday, after the company disclosed a regulatory subpoena stemming from a short-selling report. The company said the Securities and Exchange Commission has subpoenaed certain documents and information relating to allegations made by Blue Orca Capital, and said […]
Shares of Immuron Ltd. IMRN, +2.67% rocketed 49.6% in active premarket trading Wednesday, after the Australia-based biopharmaceutical company said it received an award of AUD$6.2 million ($4.5 million) from the U.S. Department of Defense to evaluate Travelan for military use. Trading volume spiked to 1.3 million shares, compared with the full-day average of about 60,500. […]
Gold futures settled higher for a third straight session on Tuesday. Comments from the Federal Reserve’s Jerome Powell at his confirmation hearing for a second four-year term as chairman did little to sway expectations for higher inflation and volatility in financial markets. Powell said the central bank’s plans to raise interest rates should not throw […]
Oil prices rallied Tuesday to log their highest settlement in about two months. The global oil demand outlook “still looks upbeat as most major economies are getting closer to the other side of the omicron fence,” said Edward Moya, senior market analyst at OANDA. U.S. benchmark crude prices poised to make a “run towards last […]
Ally Financial Inc. ALLY, +0.76% shares rose in the extended session Tuesday after the financial services company’s board approved a dividend hike and a share-repurchase program. Ally shares rose 2% after hours, following a 0.8% rise to close the regular session at $50.54. The company said the board raised the quarterly dividend by 20% to […]
The American Petroleum Institute late Tuesday reported a decline in weekly U.S. crude supplies, but inventories of gasoline climbed sharply, according to sources. The API reportedly said domestic crude supplies fell by 1.1 million barrels for the week ended Jan. 7, while gasoline stockpiles saw a weekly increase of 10.9 million barrels and distillate supplies […]
Biogen Inc. BIIB, +2.64% shares fell more than 6% in the extended session Tuesday after the Centers for Medicare and Medicaid Services, which oversees the Medicare program, said it plans to cover the biotech’s controversial Alzheimer’s drug Aduhelm and future others like it only in certain instances. CMS’s proposal is that Food and Drug Administration-approved […]
Redfin Corp. RDFN, +2.40% said late Tuesday it has agreed to buy mortgage lender Bay Equity Home Loans for $135 million in cash and stock. The San Francisco Bay Area lender is licensed in 42 states and employs about 1,200 people, Redfin said. “The acquisition accelerates Redfin’s strategy to become a one-stop shop for brokerage, […]
