Category: Stock Market
U.S. cannabis stocks continued to move up in pre-market trades on Friday, as the AdvisorShares Pure US Cannabis ETF MSOS, +0.99% jumped another 9% following steep gains in the previous session on comments by President Joe Biden that the U.S. would consider de-scheduling cannabis from its current position as a Schedule 1 narcotic under federal […]
Ambac Financial Group AMBC, +9.22% shares rallied 25% in premarket trades Friday after it agreed to settle lawsuits against Bank of America Corp. BAC, -1.88% related to residential mortgage backed securities (RMBS) for a payment of $1.84 billion from the bank. Ambac said it would record a $390 million gain in its fourth-quarter results because […]
Aurora Cannabis Inc. ACB, +7.26% ACB, +6.47% said Friday it has repurchased C$31.3 million ($23 million) of convertible senior notes at a total cost of C$29.8 million. The purpose was to reduce its debt and interest costs and expects the move to generate savings of about C$11.9 million. The company still has about C$380 million […]
Polyrizon Ltd. set terms for its initial public offering on Friday, with plans to offer 3.1 million units priced at $5.20 to $7.20 a pop. Each unit will consist of one ordinary share and three warrants, each to purchase on ordinary share. The company has applied to list on Nasdaq under the ticker “PLRZ.” Aegis […]
Homelessness has risen nearly 70% in California over two years as pandemic programs aimed at stemming evictions are ended, the Associated Press reported. The overall number of homeless in a federal government report to be released in coming months is expected to be higher than the 580,000 unhoused before the coronavirus outbreak, the National Alliance […]
Shopify SHOP, -2.50% has agreed to change procedures dealing with the illegal practices of traders on its platform, the European Commission said Friday. Shopify has committed to design templates for contact and refund policies to include company information and contact details, provider clear guidance on applicable EU consumer law and provide company details about any […]
Constellation Brands Inc. shares STZ, -1.45% rose 2.6% in premarket trade Thursday, after the drinks company blew past estimates for its fiscal second quarter. The company posted a net loss of $1.151 billion, or $6.30 a share, for the quarter to Aug. 31, after earnings of $1.5 million, or 1 cent a share, in the […]
Shares of Conagra Brands Inc. CAG, -3.67% rallied 3.1% in premarket trading Thursday, after the foods company, which brands include Birds Eye, Health Choice, Slim Jim and Reddi-wip, reported fiscal first-quarter adjusted profit and revenue that beat expectations, as improved supply-chain productivity helped offset cost-of-goods cost inflation. For the quarter to Aug. 28, the company […]
Constellation Brands Inc. STZ, -1.45% said Thursday it is divesting part of its mainstream and premium wine portfolio to The Wine Group in a move aimed at reshaping it toward the high end of the market. The deal includes Cooper & Thief, Crafters Union, The Dreaming Tree, Monkey Bay, 7 Moons, and Charles Smith Wines, […]
Amazon.com Inc. AMZN, -0.54% said Thursday it plans to hire 150,000 workers to help it get through this year’s holiday season, with roles spanning packing and picking to sorting and shipping. The company said it will pay $3,000 sign-on bonuses in certain markets, and will pay on average $19 an hour. Interested candidates can see […]