Category: Stock Market
Shares of Laser Photonics Corp. LASE, +39.42% blasted off again on heavy volume Thursday, after the laser-cleaning company said Coca-Cola Co. KO, +1.31% implemented its first CleanTech Handheld Laser Blasting system in beverage giant’s manufacturing facilities. Coca-Cola will be using the laser-cleaning system to remove corrosion from its plastic bottle molds. “With our foot in […]
Prime Medicine Inc. PRME, has set terms for its initial public offering, in which the Massachusetts-based biotechnology company, which utilizes gene-editing technology to develop therapies for a wide spectrum of diseases, looks to raise up $160.2 million. The company said it is offering 8.9 million shares in the IPO, which is expected to priced between […]
Stocks rose sharply in volatile trade late Thursday morning, erasing a steep plunge seen after a rise in the core reading of the consumer price index sparked an across-the-board tumble. The Dow Jones Industrial Average DJIA, +2.76% was up 466 points, or 1.6%, after a drop of nearly 550 points, or 1.8%, in early activity. […]
New York Attorney General Letitia James on Thursday said she is seeking several measures to stop former President Donald Trump and the Trump Organization’s from “continuing financial fraud” — including prohibiting the business from transferring assets to another entity without court approval. James in September filed a civil fraud lawsuit against Trump, some of his […]
While the Dow Jones Industrial Average DJIA, +2.76% has bounced into positive territory, market internals suggest the broader stock market is still falling. The number of declining stocks outnumbered advancers 1,800 to 1,136 on the New York Stock Exchange (NYSE) and 2,342 to 1,438 on the Nasdaq. And volume in declining stocks represented 51.2% of […]
Shares of Albertsons Cos. Inc. ACI, +12.13% were up more than 11% in Thursday morning trading after Bloomberg News reported that Kroger Co. KR, was in merger talks with the smaller grocer. Kroger shares were down more than 2%. The report cited anonymous sources and noted that while a deal could be hammered out as […]
Barclays lifted its expectations for the next few rate hikes by the Federal Reserve on Thursday following September’s hotter-than-expected consumer-price-index report. The firm now expects 75 basis point rate hikes each at the Fed’s November and December meetings, versus a prior expectation for a 50-basis-point move in the final month of the year, according to […]
Traders see a 42.6% likelihood that the fed-funds rate target will get to between 5% and 5.25%, or even higher, by next March after Thursday’s hotter-than-expected consumer-price index report for September. That’s up from 6.1% on Wednesday, according to the CME FedWatch Tool. The CPI report also cemented a 95.8% chance of a 75-basis-point rate […]
U.S. stocks opened sharply lower Thursday, with the Dow Jones Industrial Average falling more than 500 points, after the consumer-price index showed that inflation in September was hotter than forecast. The Dow DJIA, +2.31% was down 1.7% soon after the opening bell, while the S&P 500 SPX, +2.22% fell about 2.2% and the Nasdaq Composite […]
Patterson Companies Inc. PDCO, +2.68% said Thursday that is has named Don Zurbay as chief executive officer. Zurbay, who was most recently the dental and animal health company’s chief financial officer, succeeds Mark Walchirk as CEO. Walchirk had resigned from the company, after it was determined that he “violated company policy and demonstrated poor judgment […]