Category: Stock Market
Altria Group Inc. MO, -0.72% said Friday it has exercised an option to be released from non-competition obligations relating to its stake in Juul Labs Inc. In a regulatory filing, the tobacco company said the option included the right to terminate should the carrying value of its investment in Juul be not more than 10% […]
DuPont de Nemours Inc. DD, -0.48% and Rogers Corp. ROG, +0.09% said their pending merger will not close as expected by the end of the third quarter of 2022 pending ongoing talks with Chinese regulators. The parties continue to hold cooperative discussions…with the aim of securing regulatory approval of the planned merger,” DuPont said. DuPont […]
Shares of Under Armour Inc. UA, -10.92% UAA, -11.80% slumped 2.6% in premarket trading Friday, despite a rally in the broader stock market, as the athletic apparel and gear maker suffered collateral damage from rival Nike Inc.’s NKE, -13.25% a disappointing earnings report. Also getting hit, yoga apparel and gear maker Lululemon Athletica Inc.’s stock […]
Shares of Nike Inc. NKE, -3.41% sank 9.3% in premarket trading Friday, putting them on track to open at the lowest price seen in more than two years, after the athletic apparel and accessories giant warned that it will have to cut prices to clear excess inventory, hurting profit margins. The stock was the only […]
Taiwan is the latest country to end mandatory COVID quarantines for people arriving from overseas beginning Oct. 13, the Associated Press reported. Officials said that the previous weeklong requirement will be replaced with a seven-day self-monitoring period. A rapid antigen test will still be required upon arrival, but those showing no symptoms will be allowed […]
Bank of America BAC, -1.32%, Citigroup C, -2.33%, Goldman Sachs Group Inc. GS, -1.56%, JPMorgan Chase & Co. JPM, -1.69%, Morgan Stanley MS, -1.98% and Wells Fargo & Co. WFC, -0.76% are taking part in a pilot program on climate change with the federal government starting in 2023, the Federal Reserve Board said Thursday. The […]
U.S. stocks tumbled on Thursday to end sharply lower, with the S&P 500 posting its worst daily decline since mid-September. The Dow Jones Industrial Average DJIA, -1.54% shed about 1.5%, or roughly 457 points, ending near 29,226, after falling more than 600 points at the session’s low. The S&P 500 index SPX, -2.11% closed down […]
Oil futures finished lower Thursday as concerns over production disruptions from Hurricane Ian eased, but prices held ground above $80 a barrel following a 4.7% gain in the previous session. “The overall dynamic for crude remains largely unchanged,” said Robbie Fraser, global research and analytics manager at Schneider Electric. “Recession fears continue to weigh on […]
Gold futures edged lower on Thursday, giving back a small portion of the 2.1% gain prices saw a day earlier. Given that U.S. monetary tightening is not complete and that the Federal Open Market Committee is poised to raise the policy rates by a further this year, “we see gold prices continuing to correct lower,” […]
The Consumer Financial Protection Bureau announced Thursday that it has sued the online lender MoneyLion Technologies Inc. ML, -26.92% for “imposing illegal and excessive charges on servicemembers and their dependents,” the agency said in a press release. “MoneyLion targeted military families by extracting fees and making it difficult to cancel monthly subscriptions,” CFPB Director Rohit […]