Tag: brokerswatch
Shares of Visa Inc. V, -1.83% were off 1.2% in Monday morning trading and on track to log their 10th straight session of declines, which would make for Visa’s longest losing streak on record, according to Dow Jones Market Data. The stock has lost 12.0% over the recent 10-session stretch. Shares of Mastercard Inc. MA, […]
Perella Weinberg Partners PWP, -7.35% on Monday named its co-president, Andrew Bednar, as chief executive officer of the investment bank starting on Jan. 1. CEO and co-founder Peter Weinberg will step down at the end of the year but will remain as chairman of the board and also chairman of the working partner committee for […]
Shares of Atlas Corp. ATCO, +3.18% jumped nearly 8% in premarket trades on Monday after a buyout group including Atlas Corp. chairman David L. Sokol increased its take-private offer for the container ship and mobile power company to $15.50 a share, up from its Aug. 4 offer of $14.45 a share. Poseidon Acquisition Corp., on […]
Read Next APEs sink toward new low after AMC discloses deal for sale of up to $1.4 billion worth of shares Shares of AMC Preferred Equity Units undefined, known as “APEs,” dropped 7.8% toward a new low in morning trading Monday, after AMC Entertainment Holdings Inc. undefined disclosed a distribution agreement to sell up to […]
Shares of Redfin Corp. RDFN, -5.33% slid 4.2% toward a record low and a record-tying losing streak, as another jump in Treasury yields spooked investors who have been concerned over a housing recession. The real estate services company’s stock has plunged TK% amid an eight-day losing streak, which matches the previous record losing streak of […]
The Dow Jones Industrial Average DJIA, -1.11% is on track to finish Monday’s session in its first bear market in more than two years. Dow industrials were down by more than 200 points, or 0.8%, at 29,342 in the final hour of trading. A close at or below 29,439.72 would mark a pullback of at […]
Oil futures fell Monday for a second session in a row, holding ground at their lowest prices since January. “Global macro risks and energy policy risk across Europe continues to support the U.S. dollar, making oil even more expensive in European markets already struggling with inflation and leading to further deterioration in oil demand outlooks,” […]
Shares of Macy’s Inc. M, -3.24% dropped 2.5% in midday trading Monday toward an 18-month low, after the department store chain announced plans to hire more than 41,000 seasonal employees before the holidays, down 46% from the previous year’s hiring plans. The full- and part-time seasonal hires will be for Macy’s namesake stores, as well […]
British American Tobacco BATS, +0.40% BTI, -1.64% said Monday it invested an undisclosed sum for a non-controlling minority stake in German cannabis company Sanity Group GmbH. The cigarette maker said the investment in Sanity Group complements its research and development deal with Canada’s Organigram Holdings Inc. OGI, -0.06% announced in 2021. “Investing in Sanity Group […]
The first state visit of the Biden administration is slated to take place on Dec. 1 when French President Emmanuel Macron and his wife, Brigitte Macron, come to the U.S., said White House press secretary Karine Jean-Pierre during a briefing for reporters on Monday. “We work closely with France on the full range of global […]