Category: Stock Market
Ally Financial Inc. ALLY, -9.36% 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, […]
Nasdaq Inc. NDAQ, -0.98% shares advanced by 1.4% in premarket trades Wednesday after the equities marketplace’s third-quarter adjusted earnings and revenue beat analyst estimates amid organic growth across its business. Nasdaq’s third-quarter profit rose to $294 million, or 59 cents a share, from $288 million, or 56 cents a share, in the year-ago quarter. Adjusted […]
Oil futures settled lower on Tuesday, with U.S. prices down nearly 3%. The White House said President Joe Biden will speak about gasoline prices on Wednesday. That follows news reports that the administration is moving toward a release of at least another 10 million to 15 million barrels of oil from the U.S. Strategic Petroleum […]
President Joe Biden will speak about gasoline prices on Wednesday, the White House said, as his administration is reportedly moving toward a release of at least another 10 million to 15 million barrels of oil from the U.S. Strategic Petroleum Reserve. Bloomberg News and others report that such a release would be the latest in […]
One of the Treasury market’s most reliable gauges of impending U.S. recessions has the potential to shrink to its narrowest level in 41 years within a matter of months, according to BMO Capital Markets strategists. That indicator is the spread between 2- TMUBMUSD02Y, 4.456% and 10-year Treasurys TMUBMUSD10Y, 4.014% , which becomes inverted whenever the […]
Eli Lilly and Co. LLY, +0.05% said Tuesday it has entered an agreement to acquire Akouos Inc. AKUS, +89.80%, a company developing a portfolio of viral gene therapies for the treatment of inner ear conditions including hearing loss, for up to $610 million in cash. Under the terms of the deal, Akouos shareholders will receive […]
Hasbro Inc. shares HAS, -2.30% slid 3% in premarket trade Tuesday, after the toy company posted third-quarter earnings that roughly halved versus the year-earlier period as retailers sped up shipments for the holiday season and customers showed the pressures from high inflation. The company posted net income of $129.2 million, or 93 cents a share, […]
Uber Technologies Inc.’s UBER, +6.41% Uber Eats unit has teamed up with Leafly Holdings Inc. LFLY, -1.10% to offer pot delivery services in Toronto. “This is the first time cannabis delivery will be available on a major third-party delivery platform in the world,” Uber said. Toronto residents aged 19 or over may place orders from […]
Shares of Johnson & Johnson JNJ, +0.00% rose 2.3% toward a two-month high in premarket trading Tuesday, after the drug and consumer products company reported third-quarter profit and sales that beat expectations, with all of its business segments topping forecasts. Net income rose to $4.46 billion, or $1.68 a share, from $3.67 billion, or $1.37 […]
Facebook parent company Meta Platforms Inc. META, -0.25% on Tuesday said it has agreed to sell off Giphy, a social media GIF library it acquired for a reported $400 million in 2020, after the U.K.’s Competition and Markets Authority (CMA) upheld an earlier ruling for Meta to divest. In its ruling Tuesday, the CMA found […]