Category: Market News
The U.S. has declared the monkeypox outbreak a public health emergency, according to a federal health official. The Department of Health and Human Services can declare a 90-day public health emergency that allows HHS Secretary Xavier Becerra to take additional steps and access new resources to combat public health issues. A total of 6,617 people […]
The daily average for new U.S. cases may have started to decline, but not all data are being captured as many people are testing at home. The average stood at 118,380 on Thursday, according to a New York Times tracker, down 8% from two weeks ago. The average remains close to 120,000 a day after […]
Lion Electric Co. LEV, said Friday that it swung to a second-quarter profit, helped by a large one-time gain, while revenue rose 77% but was a bit shy of expectations. The maker of electric urban trucks and buses said net income for the quarter to June 30 was $29.44 million, or 19 cents a share, […]
Shares of Cinemark Holdings Inc. CNK, -13.44% dropped 1.8% in premarket trading Friday, after the movie theater operator swung to a surprise loss, while revenue more than doubled to beat expectations as attendance nearly tripled. The net loss was $73.4 million, or 61 cents a share, after net income of $142.4 million, or $1.19 a […]
AMC Networks Inc. AMCX, -12.73% reported Friday second-quarter profit and revenue that missed expectations, while streaming subscriber growth beat and the full-year outlook was affirmed. The TV network company, which runs the shows “Better Call Saul” and “Dark Winds,” also named Christina Spade, currently the company’s chief financial officer and chief operating officer, as chief […]
Shares of Twitter Inc. TWTR, +3.56% slipped 0.4% in premarket trading Friday, after Susquehanna analyst Shyam Patil indicated he could no longer be bullish on the social media company given all the distraction. Patil cut his rating to neutral, after being positive on the stock since February 2020. He trimmed his stock price target to […]
Shares of Warner Bros. Discovery WBD, -16.53% were falling more than 10% in premarket trading Friday after the media giant fell way short of revenue expectations and posted a sizable loss. Executives also offered various targets, including a goal for 130 million global subscribers in 2025 and at least $12 billion in adjusted earnings before […]
Shares of DraftKings Inc. DKNG, +9.78% shot up 9.4% toward a four-month high in premarket trading Friday, after the digital sports entertainment and gaming company reported a narrower-than-expected loss, revenue that rose above forecasts and lifted its full-year outlook, saying it is seeing “no perceivable impact” from broader macroeconomic pressures. The net loss narrowed to […]
Shares of Virgin Galactic Holdings Inc. SPCE, -17.46% took a 17.3% dive in premarket trading Friday, after Truist analyst Michael Ciarmoli recommended investors sell in the wake of the space-tourism company’s announcement that it was again delaying its first commercial launch and that it was selling more stock. Ciarmoli cut his rating to sell from […]
U.S. stocks opened lower Friday after a stronger-than-expected jobs report, as investors weigh how aggressive the Federal Reserve may need to be raising rates to cool the economy as it battles high inflation. The Dow Jones Industrial Average DJIA, +0.23% was trading 0.7% lower soon after the opening bell, while the S&P 500 SPX, -0.16% […]
