Category: Market News
Shares of Freshpet Inc. FRPT, +3.47% were down more than 11% in after-hours trading Monday after the maker of pet foods cut its earnings forecast for the full year, acknowledging pressures from inflation and operating challenges. The company logged a net loss of $20.6 million, or 45 cents a share, compared with a loss of […]
Shares of Lemonade Inc. LMND, +4.32% were up more than 8% in after-hours trading Monday after the company, which provides renters’ insurance, car insurance, and more, posted a narrower loss than expected and signaled that it was slowing spending growth. The company generated a net loss of $67.9 million, or $1.10 a share, compared with […]
Turtle Beach Corp.’s HEAR, -0.99% board decided not to sell the company for now, and shares plunged more than 30% in after-hours trading Monday as the company revealed worse than expected financial results and reduced its annual guidance. Leaders of the company, which sells headphones made for videogame systems as well as other gaming gear, […]
Shares of Upstart Holdings Inc. UPST, +7.38% were up more than 10% in Monday afternoon trading, ahead of the lending company’s second-quarter earnings report, which is expected after the closing bell. Upstart executives disclosed a month back that they expected to fall well short of their prior forecasts for the second quarter, but the after-hours […]
The U.S. Treasury Department’s Office of Foreign Assets Control on Monday sanctioned Tornado Cash, which allows users to conduct private crypto transactions. As a result, Tornado Cash’s property and interests in property in the U.S. will be blocked, according to a statement by the Treasury Department Monday. The platform has been used to launder more […]
The Big Ten Toys with Athlete Unionization. Again. After a brief and failed organizing effort at Penn State, Big Ten commissioner Kevin Warren says he is open to discussing the topic that was once unthinkable in college athletics. Aug. 8, 2022 at 10:51 a.m. ET by Laine Higgins Data Show Gender Pay Gap Opens Early […]
Norwegian Cruise Line Holdings NCLH, +4.05% said Monday it will no longer require vaccinated cruise ship guests at least 12 years old to show a negative COVID test, or to have any COVID-19-related pre-boarding protocols. Meanwhile, unvaccinated guests at least 12 years old will still have to show a negative PCR or Antigen test no […]
Shares of Karuna Therapeutics Inc. KRTX, +4.43% soared 42.6% in premarket trading on Monday after the company said its experimental treatment for schizophrenia met the primary endpoint in a Phase 3 clinical trial. Karuna told investors it expects to submit the therapy to the Food and Drug Administration in “mid-2023.” RBC Capital Markets analyst Brian […]
Oil futures fell sharply Thursday, with the U.S. benchmark ending below the $90 a barrel threshold as investors worried about the risk of a global economic slowdown that could crimp demand. West Texas Intermediate crude for September delivery CL.1, -0.54% CL00, -0.54% CLU22, -0.54% ended with a loss of $2.12, or 2.3%, at $88.54 a […]
Senate Majority Leader Chuck Schumer said Thursday he expects the chamber will begin voting on Democrats’ $739 billion climate, healthcare and tax legislation on Saturday. Known as the Inflation Reduction Act, it was introduced last week by Schumer and Sen. Joe Manchin, a West Virginia Democrat. The measure needs 50 votes to clear the chamber, […]
