Category: Market News
Kirkland’s Inc. KIRK, +0.51% said late Monday Chief Financial Officer and Chief Operating Officer Nicole Strain will be leaving the home furnishings company effective Aug. 31. The company said it sarted the search for a replacement and until it names a successor it will rely on a newly formed Office of the CFO, to be […]
Apple Inc. AAPL, -2.06% was sued on Monday in a class-action lawsuit alleging it denies access to Apple Pay mobile wallet technology that could be used to develop competing mobile wallet apps on iOS devices. The lawsuit, filed on behalf of financial institutions and credit unions in San Francisco federal court, seeks unspecified triple damages, […]
While the Big 3 stock market indexes are all falling, market internals are suggesting the broader stock market is rallying. The Dow Jones Industrial Average DJIA, -0.69% fell 60 points, or 0.2%, the S&P 500 SPX, -0.84% declined 0.3% and the Nasdaq Composite COMP, -0.81% slipped 0.1%. Meanwhile, the number of advancing stocks outnumbered decliners […]
Stocks gave up earlier gains Monday, with the Dow ending about 216 points lower, after Bloomberg reported on cost-cutting efforts taking shape at Apple Inc., a week before the iPhone maker reports quarterly results. The Dow Jones Industrial Average DJIA, -0.69% fell about 216 points, or 0.7%, to end near 31,071. The tech-heavy S&P 500 […]
KFC announced Monday that chicken nuggets, a staple at many fast-food chains, have landed on the menu in Charlotte, NC for a limited time. “While KFC has had bite-sized, nugget-like options like popcorn chicken and ‘Original Recipe Bites’ in the past, starting today, KFC is testing a brand-new and truly unique chicken nugget that is […]
Snap Inc.’s SNAP, +5.49% stock price target was reduced by Credit Suisse on Monday ahead of the company’s second-quarter earnings on Thursday, July 21. Credit Suisse lowered its target for the Snapchat parent to $45 from $59 amid concern about rotating advertising budgets and economic headwinds. On May 23 Snap said it will likely miss […]
Charles Schwab Corp. SCHW, +0.77% shares rose 4.7% in premarket trades Monday after the brokerage firm said its second-quarter profit rose by 42% to a record and its adjusted profit and revenue beat Wall Street estimates. The Westlake, Texas-based company said its earnings for the three months ended June 30 jumped to $1.79 billion, or […]
Europe’s biggest listing in a decade, Haleon, started trading on the London Stock Exchange on Monday. Haleon in the consumer-health business spinoff of GSK GSK, -19.64%. The combined price of Haleon, 331.7 pence, and the remaining GSK, 1,383.40 pence, of 1715.10 pence, compares to GSK’s Friday close of 1,719.20 pence. Haleon will start trading on […]
JPMorgan Chase & Co. JPM, +4.58% was upgraded to hold from sell by Berenberg, analyst Peter Richardson, who said downside risks to shares are more limited now, following disappointing results last week. “JPMorgan is operating in a difficult environment. Global uncertainty has rapidly reduced investment banking activity, and the bank’s current sources of strength, in […]
Shares of UnitedHealth Group Inc. UNH, +5.44% climbed 1.0% in premarket trading Friday, after the health care services and benefits company reported second-quarter earnings that were comfortably above expectations citing “balanced” growth across its businesses, and raised its full-year profit outlook. Net income rose to $5.07 billion, or $5.34 a share, from $4.27 billion, or […]