Tag: brokerswatch

Capital markets issuance by U.S. banks fell to $4.65 billion in August, down nearly 28% from year-ago levels and a drop of 64% from July, S&P Global Market Intelligence said Tuesday. Senior debt remained the largest deal type in August with $3.2 billion, down 72% from July’s total of about $12 billion. Issuance of subordinated […]

Nasdaq Inc. NDAQ, -1.61% said Tuesday it’s launching its Nasdaq Digital Assets unit to offer proprietary custody services with liquidity and execution services for financial institutions. Nasdaq named Ira Auerbach as senior vice president and head of digital assets. He has joined Nasdaq from Gemini, where he most recently worked as global head of Gemini […]

Shares of Change Healthcare Inc. CHNG, +6.28% jumped 7.0% in premarket trading on Tuesday, the day after a federal judge ruled in favor of UnitedHealth Group’s UNH, -0.34% acquisition of the company, according to media reports. The Justice Department had tried to block the deal. Change’s stock is up 19.1% this year, while the broader […]

U.S. stocks opened lower Tuesday as the Federal Reserve heads into a two-day policy meeting and Treasury yields continue their climb amid expectations the Fed will announce another large interest rate hike. The Dow Jones Industrial Average DJIA, -1.05% was down 0.8% soon after the opening bell, while the S&P 500 SPX, -0.99% dropped 0.8% […]

Shares of Compass Inc. rallied 2.2% in premarket trading Tuesday, after the online real estate platform said it will cut jobs as part of a cost-cutting plan. The company did not detail the number of employees that will be laid off, but said a “significant portion” will in the product and engineering team. The company […]

Shares of Microsoft Corp. MSFT, -1.32% fell 0.7% in premarket trading Tuesday, after the software behemoth said it raised its quarterly dividend by 9.7%, to 68 cents a share from 62 cents a share. The new dividend will be payable Dec. 8 to shareholders of record on Nov. 17. Based on Monday’s stock closing price […]

The Federal Trade Commission has requested additional information and documentary materials from Amazon.com Inc. AMZN, -1.52% and Roomba parent iRobot Corp. IRBT, -0.43% relating to their planned merger, according to a regulatory filing on Tuesday. The companies expect to promptly respond to the request, which will extend the waiting period imposed by the Hart-Scott-Rodino Antitrust […]

Shares of Norwegian Cruise Line Holdings Ltd. NCLH, +0.26% rose 3% in premarket trades Tuesday, as Truist Securities analyst C. Patrick Scholes upgraded the stock to buy from hold and hiked its price target by $1 to $19 a share. With booking volumes and pricing for luxury lines improving, Norwegian Cruise Line is positioned to […]

Apogee Enterprises Inc. APOG, +3.96% reported Tuesday record fiscal second-quarter profit and sales that beat expectations, citing strength in its architectural framing systems and services businesses. For the quarter to Aug. 27, the provider of architectural products and services for enclosing buildings swung to net income of $37.4 million, or $1.68 a share, from a […]

Morgan Stanley MS, +1.48% has agreed to pay a $35 million fine for failing to protect personal identifying information on about 15 million customers, the Securities and Exchange Commission said Tuesday. The investment bank hired a moving company that then sold to a third party “thousands of Morgan Stanley devices including servers and hard drives, […]