Category: Market News

Shares of Evofem Biosciences Inc. EVFM, +187.71% soared 164.6% in trading on Monday in a rally that began Friday when the Supreme Court decision striking down Roe v. Wade was announced. Evofem makes a birth-control product with a four-year shelf life called Phexxi, a non-hormonal gel that controls pH levels, which reduces the mobility of […]

Shares of Robinhood Markets Inc. HOOD, +14.00% closed up 14% in Monday trading after a Bloomberg News report said that FTX, the cryptocurrency exchange run by Sam Bankman-Fried, was exploring whether it may be able to purchase Robinhood. The report, which quoted multiple anonymous sources, said that FTX was “deliberating internally” how it might be […]

Wells Fargo & Co. WFC, -1.28% said late Monday it expects to increase its third quarter dividend to 30 cents a share, from 25 cents a share, subject to approval by the company’s board at its July meeting. The bank also said it has “significant capacity” to buy back its shares within the next four […]

JPMorgan Chase & Co. JPM, -0.80% shares rose 0.3% in aftermarket trading on Monday after the bank said it will keep its third-quarter dividend at $1 a share as it channels more capital to complete the Federal Reserve’s 2022 annual stress test process. The bank’s stress capital buffer (SCB) requirement is now 4%, up from […]

Ceragon Networks Ltd. CRNT, -5.43% shares surged in the extended session Monday after Aviat Networks Inc. AVNW, -2.08% offered to acquire the wireless telecom equipment company and shake up its board. Ceragon shares rallied more than 20% after hours, following a 5.4% decline to close the regular session at $2.09, for a market cap of […]

JetBlue Airways Corp. JBLU, +1.62% upped its proposal to buy Spirit Airlines Inc. SAVE, -7.95% again, trying to outdo Frontier Group Holdings Inc. ULCC, -11.20%, which sweetened its own offer for the ultra low-cost airline late Friday. JetBlue raised the fee it would have to pay Spirit if the deal wouldn’t clear antitrust to $400 […]

U.S. stocks closed lower on Monday as a strong batch of durable-goods data appeared to contradict signs of a slowing economy. The Dow Jones Industrial Average DJIA, -0.20% closed 61.10 points, or 0.2%, lower at 31,439.50. The S&P 500 SPX, -0.30% shed 11.39 points, or 0.3%, to 3,900.35. The Nasdaq Composite COMP, -0.72% dropped 101.10 […]

Read Next Tesla, Rivian and Nio stock price targets cut on supply chain troubles, Shanghai shutdowns Mizuho analyst Vijay Rakesh became little less bullish on electric vehicle makers Tesla Inc. undefined, Rivian Automotive Inc. undefined and China-based NIO Inc. undefined on Monday, citing the negative effects of continued COVID-19-related Shanghai shutdowns and supply chain constraints. […]

The U.S.-listed shares of Siemens AG SIEGY, +0.65% SIE, +0.64% rose 0.7% in midday trading Monday, after Clearlate Capital Group L.P. announced an agreement to sell North Carolina-based Brightly Software Inc. to the Germany-based diversified technology company for $1.88 billion. The terms of the deal, which is expected to close in the second half of […]

U.S.-listed shares of JD.com Inc. JD, +4.05% were rallying about 4% in Monday morning trading after Dutch internet holding company Prosus NV PRX, +15.47% disclosed that it sold its stake in the Chinese e-commerce company for $3.7 billion. “This was a big overhang that investors were avoiding JD on long side, but now that it […]