Category: Stock Market

In a brief statement, U.K. Prime Minister Liz Truss announced her resignation. Truss said she cannot deliver on the mandate she won in the Conservative election, and said a new leadership election will be held in a week. Betting markets suggest that Rishi Sunak, the former chancellor, may succeed her. The pound was stronger on […]

Nucor Corp NUE, -2.24% shares fell 4.8% in premarket trades after the steel company missed its third-quarter earnings target and said it’s facing more economic headwinds. Third-quarter earnings fell to $1.7 billion, or $6.50 a share, from $2.13 billion, or $7.28 a share in the year-ago quarter. Revenue increased to $10.5 billion from $10.31 billion, […]

Shares of Talaris Therapeutics Inc. TALS, -37.81% tumbled 21.5% in premarket trading on Thursday after the company reported one of the participants in its Phase 3 study of living donor kidney transplant recipients died. The patient had been diagnosed with a moderate form of acute graft-vs-host disease. The trial’s oversight committee has said enrollment and […]

Shares of Union Pacific Corp. UNP, -4.05% dropped 5.0% toward a near two-year low in premarket trading Thursday, after the railroad operator reported third-quarter profit and revenue that beat expectations, due to increased pricing and fuel surcharges, but cut its outlook for carload growth and stock repurchases. Net income rose to $1.90 billion, or $3.05 […]

Shares of ManpowerGroup Inc. MAN, +4.54% jumped 3.8% in premarket trading Thursday, after the staffing services company reported third-quarter profit that beat expectations even as revenue fell a bit short, as demand for labor remained “solid.” Net income rose to $111.3 million, or $2.13 a share, from $97.7 million, or $1.77 a share, in the […]

The global tally of COVID cases fell 6% in the week through Oct. 16 from the previous week, while the number of fatalities fell 17%, the World Health Organization said in its weekly epidemiological update. The omicron BA.5 descendent lineages remained dominant, accounting for 78.9% of sequences submitted to a central database. But XBB, a […]

Shares of Dow Inc. DOW, -2.70% slipped 0.6% in premarket trading Thursday, after the specialty chemicals company reported third-quarter profit and sales that fell from a year ago, as higher energy costs hurt margins, but still beat expectations. The company said it has outlined plans to cut costs by $1 billion in 2023 as the […]

AT&T Inc. T, -0.38% is reportedly in talks to put together a joint venture that would focus on investments in fiber-optic network expansion, Bloomberg News said Wednesday afternoon. The telecommunications giant is working with Morgan Stanley as it looks for an infrastructure partner for the JV, per the report. The JV could be valued at […]

U.S. stocks finished lower on Wednesday, with the major indexes logging their first loss in three days, as Treasury yields and the dollar continued to climb, outweighing more strong earnings reports from American firms. The S&P 500 SPX, -0.67% finished down 24.82 points, or 0.7%, at 3,695.16. The Dow Jones Industrial Average DJIA, -0.33% closed […]

Ally Financial Inc. ALLY, -7.94% shares fell 6.5% in premarket trades on Wednesday after the mortgage, car loan and banking provider’s adjusted earnings per share and revenue fell short of analyst targets. Ally Financial said its third-quarter net income fell to $272 million, or 88 cents a share, from $712 million, or $1.89 a share, […]