Category: Market News
Privately held JCPenney on Thursday named Stephanie Plaines as chief financial officer, effective immediately. Plaines most recently served as CFO at Jones Lang LaSalle, a global commercial real estate services company. Source: Marketwatch
The U.S. Postal Service said late Thursday it filed a notice with regulators to allow for a “temporary price adjustment” for packages during the holiday season. The adjustment “is similar to ones in past years that help cover extra handling costs to ensure a successful peak season,” USPS said. The peak-season pricing plan was approved […]
U.S. stocks closed mostly lower on Thursday as a sharp equity rally that followed cooler inflation data for July took a breather. The Dow Jones Industrial Average DJIA, +0.08% still gained about 27 points, or 0.1%, ending near 33,337, a day after all three major stock indexes posted their highest close since early May, according […]
J&J Snack Foods Corp. JJSF, +0.62% said late Thursday its board has declared a quarterly cash dividend of 70 cents a share, payable on Oct. 11 to shareholders of record as of Sept. 19. That’s a 10.6% increase from the previous dividend, the company said. Shares of J&J Snack Foods were flat in the extended […]
Poshmark Inc.’s stock POSH, +1.34% initially fell 8% before rebounding in extended trading Thursday after the social-commerce marketplace posted fiscal second-quarter revenue largely in line with Wall Street analysts’ forecasts but offered guidance that fell short of estimates. Poshmark reported a net loss of $22.9 million, or 29 cents a share, compared with a net […]
Apple Inc. AAPL, -0.44% is requesting that its suppliers “build at least as many” of the company’s new iPhones as they did last year, Bloomberg News reported Thursday. The report said that Apple also continues to expect suppliers to build about 220 million total iPhones for the year, which is roughly equal to last year’s […]
U.S. stocks struggled to hold higher ground late in the session Thursday, with the technology-laden Nasdaq Composite and S&P 500 index both turning negative. The blue-chip Dow Jones Industrial Average DJIA, +0.08% was up about 19 points, or 0.1%, near 33,333, at last check, but the S&P 500 index SPX, -0.07% was down 0.1% and […]
Inflation has been nothing but full of surprises — remaining persistently hot for the past year when professional forecasters expected it to fade, then turning even lower than broadly expected for July. The consumer-price index report for last month, released on Wednesday, surprised to the downside — with an 8.5% annual headline rate below the […]
Shares of Utz Inc. UTZ, +1.42% rallied 8% on Thursday after the salty snacks maker beat Wall Street’s adjusted net income and revenue targets and raised it fiscal 2022 organic net sales outlook by 2%. Utz said its second-quarter profit fell to $3.18 million, or 4 cents a share, from $17.58 million, or 21 cents […]
Shares of Fiserv Inc. FISV, +1.16% were rising 1.5% in morning trading Thursday after Evercore ISI analyst David Togut turned bullish on the merchant-acquiring stock, writing that the company is in the early stages of a transformation that seems to be paying off. “In the process, FISV has modified its historically successful playbook of maximizing […]
