Category: Market News
Shares of Hanesbrands Inc. HBI, +2.57% took a 9.2% dive in premarket trading Thursday, after the lifestyle and athletic apparel company reported second-quarter profit and sales that fell below expectations, as a previously announced ransomware attack and softer-than-anticipated point-of-sale trends weighed on results. Net income fell to $92.1 million, or 26 cents a share, from […]
Shares of Six Flags Entertainment Corp. SIX, +5.78% tumbled 8.8% in premarket trading Thursday, after the theme park operator reported second-quarter profit and revenue that fell well below expectations, as a big attendance miss offset higher spending per guest. Net income fell to $45.4 million, or 53 cents a share, from $70.5 million, or 81 […]
Oil futures trimmed losses Wednesday morning after weekly data from the Energy Information Administration showed a larger-than-expected drop in gasoline inventories, while crude inventories saw another big rise. West Texas Intermediate crude for September delivery CL.1, +0.13% CL00, +0.13% CL.1, +0.13% were down $2.08, or 2.3%, at $88.42 a barrel on the New York Mercantile […]
Shares of Trade Desk Inc. TTD, +36.22% are rocketing 33% in Wednesday morning trading after the advertising-technology company offered a better-than-expected revenue forecast for the current quarter despite fears about the advertising landscape. The shares are on track for their largest single-day percentage gain since Aug. 10, 2018, when they rose 37.1%, according to Dow […]
The Department of Justice on Wednesday said it charged a member of Iran’s Islamic Revolutionary Guard Corps with a plot to murder former U.S. national-security adviser John Bolton. The DOJ said that beginning in October 2021, Shahram Poursafi of Tehran attempted to arrange Bolton’s murder, likely in retaliation for the January 2020 death of Islamic […]
Shares of Paysafe Ltd. PSFE, +2.30% were falling 2.3% in after-hours trading Wednesday after RBC Capital Markets analyst Daniel Perlin downgraded the payment company’s stock to sector perform from outperform in the wake of the company’s latest earnings report. The company’s latest report and outlook point to “a challenging macro backdrop, especially for its European […]
Shares of Bumble Inc. BMBL, -1.68% were falling more than 11% in after-hours trading Wednesday after the online-dating company came up shy of expectations with its outlook for the current quarter. The company posted a net loss of $4.4 million, or 3 cents a share, compared with a loss of $7.1 million, or 6 cents […]
After four days in the red, U.S. stocks closed on Wednesday at their highest levels since early May following a July inflation report that came in slightly cooler than expected, sparking a sharp rally in both stocks and bonds. The S&P 500 SPX, +2.13% gained 87.75 points, or 2.1%, to close at 4,210.24, marking the […]
Wednesday’s release of the consumer-price index report for July contained enough downside surprises to give stock investors hope the worst of inflation may be behind. Yet an undercurrent of worry remained at big-name firms like Pimco and BlackRock Inc., the world’s largest asset manager. According to Pimco economists Tiffany Wilding and Allison Boxer, the details […]
Gold prices finished slightly higher on Wednesday, above the $1,810 level, after U.S. consumer prices showed signs of slower gains in July. December gold GCZ22, -0.29% [s:gc00] rose $1.40, or about 0.1%, settling at $1,813.70 an ounce on Comex, after the surprisingly large retreat in the consumer price-index to a 8.5% annual rate from 9.1% […]
