Category: Market News
Facebook parent Meta Platforms Inc. META, -4.15% has reached an agreement to settle a lawsuit brought up by users concerning the company’s practices in sharing data with Cambridge Analytica, a Friday court filing shows. The two parties in the case filed a joint notice saying that they “reached a settlement in principle” and were asking […]
Arlo Technologies Inc. ARLO, -3.56% said late Friday that Chief Financial Officer Gordon Mattingly will resign on Sept. 21, with Kurt Binder, currently the CFO of internet-of-things software company CalAmp Corp. CAMP, -1.44%, taking over the role after Mattingly’s departure. Before CalAmp, Binder held “significant” positions in finance and business management, the maker of smart […]
The Dow skid 1,008 points on Friday, marking its biggest pullback in more than three months, as stocks sold off sharply after Federal Reserve Chairman Jerome Powell warned of the pain to households and businesses to come as the central bank works to bring inflation back to its 2% target. The Dow Jones Industrial Average […]
Losses in the U.S. stock market have steepened in the final hour of trading on Friday, with the Dow Jones Industrial Average DJIA, -3.03% down more than 880 points as investors digest hawkish remarks made by Federal Reserve Chair Jerome Powell this morning at the Jackson Hole economic symposium. The Dow was down around 2.7% […]
Gold futures settled Friday with a loss for the session as well as the week after remarks at the Jackson Hole retreat from Federal Reserve Chairman Jerome Powell pointed to more interest rate hikes as the central bank continues its efforts to tame inflation. It seems that everyone settled on the “‘tighter for longer’ interpretation,” […]
U.S. stocks tumbled Friday to session lows after Federal Reserve Chairman Jerome Powell delivered blunt remarks on the pain the U.S. inflation fight likely will cause households and businesses at the annual Jackson Hole, Wyoming economic summit. The Dow Jones Industrial Average DJIA, -1.94% was down 406 points, or 1.2%, trading near 32,880, while the […]
U.S. stocks opened mixed Friday ahead of Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole economic symposium in Wyoming, as investors digested data showing price pressure eased in July. The Dow Jones Industrial Average DJIA, -1.22% was up 0.2% soon after the opening bell, while the S&P 500 SPX, -1.50% rose less than […]
Shares of Electronic Arts Inc. EA, +1.59% soared 14% in premarket trading on Friday following reports that Amazon.com Inc. AMZN, +2.60% is planning to announce a deal to buy the videogame maker. According to USA Today, which broke the news, rumors have been circling online about a potential acquisition for EA, with Amazon, Apple Inc. […]
In a statement to the Hong Kong stock exchange, Chinese electric vehicle maker Nio NIO, +6.41% 9866, +1.39% said an independent review of allegations made by a short-seller that is now substantially complete found they were not substantiated. The brief statement said the review was led by three independent directors with the help of an […]
Open Text Corp. OTEX, +0.08% shares sank 5% in after-hours trading Thursday after the company announced plans to acquire British software company Micro Focus MFGP, +0.97% at a valuation of $6 billion. Open Text said it would pay 532 pence for each share of Micro Focus, roughly double the stock’s closing price on the London […]
