Category: Stock Market
The Jan. 6 Select Committee issued a subpoena Friday to former President Trump to testify under oath and produce documents relevant to the committee’s investigation of the 2021 attack on the U.S. Capitol. “We have assembled overwhelming evidence…that you personally orchestrated and oversaw a multi-part effort to overturn the 2020 presidential election,” Democratic Chairman Bennie […]
Gold futures finished higher on Friday, prompting prices to turn higher for the week. Gold was under pressure and lacking much interest with fresh capital, but “snapped back quickly and sharply” early Friday after speculation for a 75 basis point interest-rate increase in November by the Federal Reserve, followed by only 50 basis point rate […]
Huntington Bancshares Inc. HBAN, +6.55% rose 7.9% on Friday after the financial services company forecast stronger-than-expected net interest income as the company said it’s been performing “exceptionally well” despite economic headwinds in the sector. Huntington hiked its view for net interest income in the fourth quarter to rise in the high 20% to low 30% […]
U.S. stock-indexes opened slightly lower Friday, on track for a three-day losing streak as Treasury yields continue to march higher on expectations for aggressive Federal Reserve rate increases. Indexes, however, were on track for weekly gains. The Dow Jones Industrial Average DJIA, +0.81% fell 52 points, or 0.2%, while the S&P 500 SPX, +0.62% was […]
Shares of Hawaiian Airlines parent Hawaiian Holdings Inc. HA, +12.50% rallied 4.1% in premarket trading Friday, after the company said it issued Amazon.com Inc. AMZN, +0.80% warrants to buy up to 15% of its shares outstanding as part of an agreement to operate 10 cargo jets to provide logistics support for the ecommerce giant. As […]
Twitter Inc. TWTR, -5.02% has told staff there are no layoffs planned after a report that Tesla and SpaceX CEO Elon Musk would cut 75% of the social-media company’s workers after taking control in an on-again-off-again planned acquisition. Twitter general counsel Sean Edgett sent employees an email on Thursday to indicate that no widespread job […]
Raymond James analysts Buck Horne and Tousley Hyde on Friday downgraded shares of KB Home KBH, -1.70%, Lennar Corp. LEN, -1.30%, M.D.C. Holdings Inc. MDC, -1.60%, PulteGroup Inc. PHM, -1.04% and Toll Brothers Inc. TOL, -0.79% to market perform and cut their rating on D.R. Horton Inc. DHI, -0.55% to outperform from strong buy. Pulte […]
U.K. defense secretary Ben Wallace says he is leaning toward supporting Boris Johnson as he ruled out a run himself to lead the Conservative Party. Wallace said he wants to remain as defense secretary. He cited Johnson’s willingness to spend on defense, as well as his victory in a general election.
Shares of Veris Residential Inc. VRE, +17.07% soared 19.6% toward a two-month high in premarket trading Friday, after the real estate investment trust focused on multifamily properties confirmed that it received an unsolicited buyout bid from Kushner Companies. Veris said the bid was for $16 a share, which is 28.8% above Thursday’s closing price of […]
Shares of Schlumberger Ltd. SLB, +3.95% rallied 0.9% in premarket trading Friday, after the oil services company reported third-quarter profit and revenue that beat expectations, with growth led by its well construction and production systems businesses as global activity strengthened. “The quarter was also supported by continued backlog conversion, strong technology adoption, and the growing […]