Category: Stock Market

Oct 11
Reliance Steel promotes president Karla Lewis to CEO

Reliance Steel & Aluminum Co. RS, +2.59% on Tuesday names Karla R. Lewis as CEO after James D. Hoffman steps down on Dec. 31. Hoffman will remain on the company’s board will serve as senior adviser to the CEO until December, 2023 when he will retire. Lewis has worked for Reliance since 1992, including finance […]

Oct 11
Coronavirus tally: Daily cases in U.S. fall below 40,000 for first time in 6 months; Japan travel restrictions are lifted

Japan welcomed a flood of tourists on Tuesday as pandemic-related travel restrictions in place for more than two years were lifted, the AP reported. The good news in Japan comes as the seven-day average for new COVID cases fell to 38,855 on Monday, down 26% from two weeks ago and the first count below the […]

Oct 11
SeaSpine stock soars after Orthofix merger deal at a near 38% premium

Shares of SeaSpine Holdings Corp. SPNE, +1.09% soared 21.1% in premarket trading Tuesday, after the medical technology company focused on spinal disorder treatments announced a merger agreement with Orthofix Medical Inc. OFIX, +0.33% that values SeaSpine at about $284.9 million. Under terms of the deal, SeaSpine shareholders will receive 0.4163 Orthofix shares for each SeaSpine […]

Oct 11
GM introduces energy management ecosystem for home, EV and commercial customers

General Motors Co. GM, -3.96% introduced Tuesday a new business unit called GM Energy, which will consist of Ultium Home, Ultium Commercial and Ultium Charge 360 to create an energy management ecosystem. GM Energy will offer to home, commercial and electric vehicle customers services including vehicle-to-home (V2H) and vehicle-to-grid (V2G) applications, stationary storage, solar products […]

Oct 10
All three major U.S. stock indexes remain lower in final hour of trading

U.S. stocks held onto losses heading into the final hour of trading on Monday, led by declines in the Nasdaq Composite Index. The Nasdaq Composite was down by 0.8% after briefly touching its lowest level since 2020, as investors remained focused on the likelihood of further rate increases by the Federal Reserve. Dow industrials were […]

Oct 10
Oil futures settle lower after weak economic data from China

Home Industries Energy Published: Oct. 10, 2022 at 2: 47 p.m. ET By Myra P. Saefong   comments Referenced Symbols Advertisement CLX22 -1.96% Oil futures settled lower on Monday, as weak economic data from China fed concerns over a slowdown in energy demand. U.S. benchmark West Texas Intermediate crude for November delivery CLX22, -1.96% fell […]

Oct 10
Gold futures settle at their lowest price in more than a week

Gold futures declined on Monday, with prices for the most-active contract settling at their lowest since Sept. 29. A “resurgent greenback and dwindling faith in slower monetary tightening” led to losses for the precious metal, said Craig Erlam, senior market analyst at OANDA, in market commentary. Gold for December delivery GC00, -2.01% fell $34.10, or […]

Oct 10
Cannabis stocks mixed as investors mull rescheduling, SAFE Banking

Cannabis stocks Curaleaf Holdings Inc. CURLF, -1.50%, Trulieve Cannabis Corp. TCNNF, -5.83% Green Thumb Industries GTBIF, -5.74% and Cresco Labs Inc. CRLBF, -3.79% traded mixed Monday as investors continued to mull a move by President Joe Biden to launch a review of the Schedule 1 status of cannabis on the federal government’s list of controlled […]

Oct 10
U.S. stocks open higher after 3 days of losses as investors await inflation data, Fed minutes and earnings

U.S. stocks open mostly higher on Monday, with the S&P 500 and Dow Jones Industrial Average on track to snap a three-session losing streak that culminated with a 630-point drop for the Dow on Friday following the release of jobs data for September. The S&P 500 gained 5 points, or 0.2%, to 3,645. The Nasdaq […]

Oct 10
Universal Hydrogen gets investment from American Airlines

American Airlines Group Inc. AAL, -0.90% said Monday it’s investing an undisclosed sum in Universal Hydrogen Co., a two-year-old, California-based company building a hydrogen distribution and propulsion ecosystem for the aviation industry. Airbus Ventures, GE Aviation GE, +0.06% and Toyota Ventures are also investors in the company. Universal Hydrogen co-founder and CEO Paul Eremenko said […]