Tag: brokerswatch

Shares of semiconductor companies and Apple Inc. AAPL, -3.81% suppliers were broadly lower in premarket trading Wednesday, after Bloomberg reported overnight that Apple is dropping plans to boost iPhone production because an expected surge in demand didn’t materialize. The VanEck Semiconductor ETF SMH, -0.29% slumped 1.9%, with all equity components that have traded premarket losing […]

Jefferies analyst Owen Bennett said Wednesday that Canopy Growth Corp.’s CGC, +1.40% WEED, +4.24% plan to divest 28 retail stores stands out as an example of the “wasted capital” by the cannabis company’s former management. Canopy Growth said after the closing bell on Tuesday that it’s selling its Tweed and Tokyo Smoke stores for an […]

Shares of Apple Inc. AAPL, -4.02% dropped 3.8% to pace the Dow Jones Industrial Average’s DJIA, +0.15% premarket losers, after Bloomberg reported overnight that an expected surge in demand for new iPhones have failed to materialize. The report said Apple is dropping plans to boost production as a result. Apple’s stock is on track to […]

Shares of Atlis Motor Vehicles Inc. AMV, +198.62% are set to skyrocket again on Wednesday, the second day that the electric truck and battery maker trades on the Nasdaq. On Tuesday, the company debuted with the stock shooting up $54.62, or 198.6%, to close at $82.12. In Wednesday’s premarket, the stock leads all gainers as […]

Shares of Thor Industries Inc. THO, +4.17% shot up 4.6% in premarket trading Wednesday, after the recreational vehicle maker reported a big profit beat for the fiscal fourth-quarter, as sales rose above forecasts and margins improved. Net income for the quarter to July 31 climbed to $280.9 million, or $5.15 a share, from $230.3 million, […]

Yields on U.K. government debt tumbled after the Bank of England said it would temporarily buy securities. “The purpose of these purchases will be to restore orderly market conditions. The purchases will be carried out on whatever scale is necessary to effect this outcome,” the central bank said. It also postponed planned gilt sales for […]

Shares of psychedelics company Mind Medicine Inc. MNMD, +6.43% slid 35.6% in premarket trade Wednesday, after the company priced a dilutive secondary offering of 7.1 million shares. The offering priced at $4.25 a share, below the stock’s closing price Tuesday of $6.12. The company also offered an equal number of warrants, which can be used […]

Steven Goldstein is based in London and responsible for MarketWatch’s coverage of financial markets in Europe, with a particular focus on global macro and commodities. Previously, he was Washington bureau chief, directing MarketWatch’s economic, political and regulatory coverage. Follow Steve on Twitter: @MKTWgoldstein.

The Dow and S&P 500 booked a sixth straight day of declines on Tuesday, as bond yields rose and stocks gave up earlier gains. The Dow Jones Industrial Average DJIA, -0.43% fell about 123 points, or 0.4%, to end near 29,136, its lowest closing level since November 2020, according to Dow Jones Market Data. The […]

The Securities and Exchange Commission has sued former top executives at MoviePass and its parent company, Helios & Matheson HMNY, , for fraud. The complaint, filed Monday in the U.S. District Court for New York’s southern district, alleges Ted Farnsworth and Mitch Lowe “intentionally and repeatedly disseminated to the public materially false or misleading statements […]