Category: Stock Market
Starbucks Corp. SBUX, +0.84% and Delta Air Lines Inc. DAL, +0.29% said that starting Wednesday, those who are enrolled in both the coffee seller’s and air carrier’s loyalty program can link their accounts. Starbucks’ stock rose 0.4% in premarket trading and Delta shares gained 0.2%. Once linked, U.S. customers will earn one mile with Delta […]
Blackstone Inc. BX, +0.91% and Resolution Life plan to raise $3 billion of new equity capital, including a $500 million strategic investment from Blackstone, as part of their new global life insurance and annuity consolidation business. The arrangement will boost Resolution Life’s total equity capital base to more than $8 billion. Blackstone will also handle […]
Shares of Diamondback Energy Inc. FANG, -0.73% rose 0.7% in premarket trading Wednesday, after the oil and natural gas company announced an agreement to buy all leasehold interest and related assets of FireBird Energy LLC for about $1.59 billion in cash and stock. Under terms of the deal announced late Tuesday, Diamondback will exchange 5.86 […]
Ayr Wellness Inc. AYRWF, -1.77% AYR.A, -5.92% on Wednesday named ex-Neiman Marcus executive David Goubert as its new president to oversee the cannabis company’s operational and commercial functions, including production, supply chain, retail, wholesale and marketing. He reports to Ayr Wellness founder and CEO Jonathan Sandelman. Goubert was most recently president and chief customer officer […]
The head of the World Health Organization made his strongest comments yet about the devastation being caused by long COVID and urged world leaders to launch immediate and “sustained” efforts to tackle the “very serious” crisis. Writing for The Guardian newspaper, Tedros Adhanom Ghebreyesus said the world has never been in a better position to […]
Shares of El Pollo Loco Holdings. [s: loco] jumped 15% after hours Tuesday after the Mexican-restaurant chain said its board had declared a special dividend of $1.50 per share and authorized a new stock buyback program of up to $20 million, saying it was in a “good position” to move ahead with the investor payouts. Management for the […]
In a sign of the darkening outlook for the global economy and financial markets, the continuing debate over whether the next major crisis is on the way is shifting into a conversation about just what type of crisis it will be. For Neil Shearing, group chief economist at London-based Capital Economics, the bigger threat is […]
U.S. stocks finished mostly lower on Wednesday with the S&P 500 logging its lowest end-of-date level since September, while the Nasdaq Composite logged its lowest such level since July. Only the Dow Jones Industrial Average managed to evade a loss for the day; the other two indexes recorded their fifth straight session in the red. […]
Bank of England Gov. Andrew Bailey late Tuesday said U.K. pension funds need to finish rebalancing positions by Friday when the central bank’s emergency bond-buying program is set to end, news reports said. U.S. stocks extended a decline after the remarks, while the British pound GBPUSD, +0.05% fell 0.7%. “We have announced that we will […]
7-Eleven Inc. SVNDY, -4.04% said Tuesday it’s introducing green apple Slurpee flavor for fall. It’s now available for a limited time at participating 7-Eleven, Speedway and Stripes stores. Shares of Seven & I Holdings, the parent of 7-Eleven, are down 15.4% in 2022, compared to a 32.6% drop by the Nasdaq COMP, -1.10%.