Category: Market News
The German government has agreed on a bailout for Uniper UN01, -15.00%, which has been hit by reduced Russian gas imports, the company said. Terms call for the German state to take a 30% stake for 267 million euros, provided further capital of up to 7.7 billion euros against issuance of mandatory convertible instruments, and […]
Shares of Altice USA Inc. ATUS, +22.33% were spiking in Thursday afternoon trading after Bloomberg News reported that the company was looking into a sale of its Suddenlink cable business, which operates in states including Arizona, California, and Texas. The business could sell for up to $20 billion, according to the report, though it is […]
U.S. stocks closed sharply higher on Thursday as the tech-heavy Nasdaq Composite led all three benchmarks to their highest levels in six weeks. Strong earnings from S&P 500 companies — particularly heavy-hitting tech stocks like Netflix Inc. NFLX, +3.44% and Tesla Inc. TSLA, +9.78% — have helped to bolster sentiment, prompting wary investors to jump […]
Shares of Intuitive Surgical dropped more than 13% in the extended session Thursday after the maker of surgical robotic systems reported second-quarter results below Wall Street expectations and said that it was able to place fewer of its flagship robotic systems. Intuitive said it earned $308 million, or 85 cents a share, in the quarter, […]
Vera Bradley Inc. VRA, +0.44% said late Thursday that President and Chief Executive Officer Robert Wallstrom plans to retire, remaining in his roles until a successor is named. That is expected by early 2023, the retailer said. Wallstrom, who became the company’s top executive in 2013, will work with the board of directors in a […]
The House select committee investigating the Jan. 6, 2021, siege on the U.S. Capitol by supporters of then-President Donald Trump and the events surrounding the insurrection will reconvene for a planned set of hearings in September, NBC reported Thursday, just ahead of the final installment in a June-July set of eight televised, public hearings. The […]
PepsiCo Inc. PEP, +0.15% said late Thursday its board of directors approved a dividend of $1.15 a share, a 7% increase. That’s consistent with PepsiCo’s previously announced increase in its dividend to $4.60 a share from $4.30 a share, which began with the June payment, the snack and beverage company said. The dividend is payable […]
Oil futures fell sharply on Thursday, with U.S. prices settling at their lowest in a week. Crude prices tumbled as energy traders reassessed the short-term demand outlook “given the disappointing summer driving season and as the U.S. economy starts to show further signs it is quickly weakening,” said Edward Moya, senior market analyst at OANDA. […]
Piper Sandler analyst Rob Owens cut his rating on DocuSign Inc.’s stock DOCU, -1.15% to underweight from neutral overnight, citing the potential for elevated risk given a leadership transition, employee turnover, and economic uncertainty. “All of these factors contribute to a challenging backdrop for potential revenue reacceleration in the near-term, in our view,” Owens wrote. […]
Senate Majority Leader Chuck Schumer, D., N.Y., Ron Wyden, D., Ore., and Cory Booker, D., N.J. have filed the long-awaited Cannabis Administration and Opportunity Act more than a year after releasing a draft of the measure, Politico reported on Thursday. The measure is not expected to get 60 votes needed for passage in the Senate, […]