Tag: brokerswatch
Gold futures declined Monday, with prices for the most-active contract ending at their lowest since early April 2020. “Last week’s series of interest rate hikes by central banks had put gold under heavy near-term pressure and with no prospect of the banks changing course in the coming months, the medium-term outlook also looks gloomy for […]
Faraday Future Intelligent Electric Inc. FFIE, +12.52% stock rose more than 12% Monday following news the EV maker has reached an agreement with its largest shareholder to end a months-long governance dispute. The shareholder, FF Top, will dismiss its lawsuit against the company and its board of directors, the EV maker said. Chairperson Sue Swenson […]
Chevron Corp. CVX, -2.22% said Monday it was halting production at two platforms in the Gulf of Mexico ahead of Hurricane Ian, and that production at other Chevron facilities in the Gulf remained “at normal levels.” Chevron “will continue to closely monitor the storm and remains focused on the safety of our workforce, the integrity […]
President Joe Biden is proposing a new rule that would require airlines and travel websites to provide better disclosures about certain fees, according to a White House statement on Monday. “Under the proposed rule, airlines and travel search websites would have to disclose upfront — the first time an airfare is displayed — any fees […]
Shares of Ballard Power Systems Inc. BLDP, +0.86% rose 0.6% in premarket trading Monday, after the fuel cell power company announced an order from Switzerland-based Stadler Rail AG SRAIL, -0.76% for the supply of six fuel cell engines. Ballard said the engines will be used to power the first hydrogen train in the U.S. The […]
Rackspace Technology Inc. RXT, -5.52% on Monday named chief financial officer Amar Maletira as chief executive officer of the company, which is majority owned by Apollo Global Management Inc. APO, -2.64%. Kevin Jones, who has been in the role of CEO for three-and-a-half years, will become an operating advisor with Apollo. Rackspace Technology also said […]
Shares of Macy’s Inc. M, -2.89% 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 […]
Shares of Tronox Holdings PLC TROX, -1.26% slumped 2.6% in premarket trading Monday toward a seventh-straight loss, after the maker of titanium products warned about a third-quarter earnings shortfall, citing “softer than anticipated” titanium dioxide (TiO2) sales. The company said it now expects adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) of $240 million […]
Shares of AMC Preferred Equity Units APE, +10.75%, known as “APEs,” dropped 7.8% toward a new low in morning trading Monday, after AMC Entertainment Holdings Inc. AMC, -3.11% disclosed a distribution agreement to sell up to 425.0 million APEs. At current prices, the movie theater chain could raise up to about $1.4 billion from the […]
U.S. stocks opened lower on Monday as the S&P 500 and Dow Jones Industrial Average headed for their fifth day of losses as rising Treasury yields and rampant dollar strength continued to weigh on the market. The S&P 500 [s:spx] was off 8 points, or 0.2%, at 3,685. The Nasdaq Composite COMP, +0.91% was flat […]