Category: Market News
Two federal agencies updated guidance related to COVID on Thursday, with the Centers for Disease Control and Prevention dropping its quarantine recommendation for people who come in contact with an infected person. Instead, the agency recommends wearing a high-quality mask indoors for 10 days and planning to get tested five days after the exposure. People […]
Spectrum Brands Holdings Inc. SPB, -0.91% reported Friday fiscal third-quarter profit and sales that were well below expectations, after the home-essentials company, which brands including George Foreman, Tetra, Remington and OmegaOne, amid “rapidly changing consumer behavior” and lower traffic in home center channels. Net income rose to $32.7 million, or 80 cents a share, from […]
Avient Corp. AVNT, +8.85% announced Friday a deal to sell its distribution business for $950 million in cash to an affiliate of private equity firm H.I.G. Capital. The polymer materials and liquid colorants company said it will use the after-tax proceeds, which are expected to be about $750 million, to pay down near-term maturing debt. […]
Shares of AMC Entertainment Holdings Inc. AMC, -4.01% and Bed Bath & Beyond Inc. BBBY, +21.83% climbed toward a third-straight gain in premarket trading Friday, to suggest the recent meme-stock resurgence remains intact. The stocks had snapped long win streaks earlier this week, with Bed Bath & Beyond’s 14% drop ending the longest stretch of […]
Shares of Olo Inc. OLO, -36.41% plummeted 32.3% toward a record low in premarket trading Friday, after the restaurant-ordering technology company’s disappointing second-quarter results and outlook prompted Stifel Nicolaus analyst Brad Reback to cut his rating. The company reported late Thursday a net loss per share that more than tripled to 7 cents from 2 […]
Shares of PagerDuty Inc. PD, +1.92% were falling about 1% in premarket trading Friday after Monness, Crespi, Hardt & Co. analyst Brian White downgraded the stock to neutral from buy. “The last several months have been an especially painful experience for those next-gen, software companies still young to the capital markets, and we believe the […]
Chinese officials are making plans for President Xi Jinping to visit Southeast Asia and meet face-to-face with President Joe Biden in November, according to a Wall Street Journal report citing unnamed sources. It would mark the Chinese leader’s first international trip in nearly three years and his first in-person meeting with Biden since the U.S. […]
Shares of Peloton Interactive Inc. PTON, +13.60% shot up 9.1% toward a two-month high in afternoon trading Friday, after the at-home fitness company announced price increases for its Bike+ and Tread products. Separately, Barron’s reported that Peloton was cutting nearly 800 jobs as part of a strategic overhaul. The price of the original Peloton Bike […]
Gold futures closed higher Friday, shrugging off earlier weakness, to sweep to a fourth straight week in a row of gains. Gold for December GCZ22, +0.65% GC00, +0.65% rose 0.5% on Friday, or $8.30, to settle at $1,815.50 an ounce on Comex. For the week, the most-active contract gained 1.3% to clinch its longest stretch […]
The FBI agents who searched former President Donald Trump’s Florida estate Monday removed 11 sets of classified documents, including some marked as top secret and meant to be only available in special government facilities, the Wall Street Journal reported Friday. The report also said agents took around 20 boxes of items, binders of photos, a […]
