Category: Market News
Stifel has cut eBay Inc.’s EBAY, +3.16% price target to $60 from $62 amid currency pressures and headwinds in the online marketplace’s international business. “We are leaving our 2Q estimates relatively unchanged, however, due to devaluations of international currencies our estimates decline slightly,” wrote Stifel analyst Scott Devitt, in a note. “Our 2Q GMV estimate […]
The coronavirus pandemic has caused the biggest backslide in childhood vaccinations in about 30 years, the World Health Organization and Unicef said on Friday. “The percentage of children who received three doses of the vaccine against diphtheria, tetanus and pertussis (DTP3) – a marker for immunization coverage within and across countries – fell 5 percentage […]
Senate Majority Leader Chuck Schumer has told senators to expect a preliminary vote next week on a slimmed-down China competition bill that would include $52 billion in incentives and an investment-tax credit for U.S. semiconductor SMH, +2.11% manufacturing, Bloomberg News and other outlets reported Thursday. Earlier this week the Biden administration encouraged Congress to focus […]
Stocks fell Thursday, but finished well off session lows as investors weighed the size and scope of expected rate hikes and assessed downbeat earnings from JPMorgan Chase & Co. and Wells Fargo. The Dow Jones Industrial Average fell around 143 points, or 0.5%, to finish near 30,630, according to preliminary figures, while the S&P 500 […]
The outage that hit Twitter Inc. TWTR, -1.25% on Thursday morning was caused by a problem with the social media platform’s internal systems. The outage started just before 8:00 am ET, according to the Downdetector website, which tracks outages and visitors to Twitter saw an “error” message. By 9:03 a.m. ET the platform was back […]
Shares of 10x Genomics Inc. TXG, -7.74% fell in the extended session Thursday after the biotech company said it expects second-quarter revenue to come in below Wall Street expectations. 10x Genomics shares dropped 15% after hours, following a 7.7% drop in the regular session to close at $43.29. The company said it expects second-quarter revenue […]
Pinterest Inc.’s stock PINS, -4.62% popped 19% in extended trading Thursday following a report that activist investor Elliott Management Corp. has built a stake of more than 9% in the social-media company. The investment could make Elliott the biggest stakeholder in Pinterest, according to the Wall Street Journal report. Pinterest was not immediately available for […]
Codexis Inc. CDXS, -4.74% shares fell in the extended session Thursday after the biotech company lowered its revenue forecast for the year and said that sales from Pfizer Inc. PFE, -0.77% would come in at the low end of an expected range. Codexis shares dropped more than 20% after hours, following a 4.7% decline in […]
Published: July 14, 2022 at 2:30 p.m. ET Shares of Costco Wholesale Corp. rallied 3.7% in afternoon trading Thursday, enough the pace the S&P 500’s gainers, after Deutsche Bank upgraded the membership-based warehouse retailer, as recent upbeat monthly sales data supported a bullish stance. The stock, which was on track to close at a two-month […]
Oil futures declined on Thursday, with U.S. benchmark crude prices marking their lowest settlement since April. “Concerns about faltering demand are beginning to overtake supply worries linked to the Russia-Ukraine war and that is putting pressure on energy futures markets this week,” said Tyler Richey, co-editor at Sevens Report Research, told MarketWatch. West Texas Intermediate […]