Tag: brokerswatch
Stocks fell Friday after FedEx Corp. FDX, -21.40% issued a profit warning that stirred fears of a global recession, but ended the day well off session lows. Major indexes booked large weekly losses as investors looked ahead to next week’s Federal Reserve decision, which is expected to see policy makers deliver another large rate increase […]
The technology-heavy Nasdaq Composite is heading for its biggest weekly loss since January as U.S. stocks remained down in the final hour of trading Friday. The Nasdaq COMP, -0.90% is on track to lose 5.7% this week, FactSet data show, at last check. That puts it on track for the largest percentage drop since the […]
American Healthcare REIT Inc. has filed for an initial public offering of common stock, but the terms of the IPO have not yet been determined. The California-based real estate investment trust focused on health care properties said it expects the stock to list on the New York Stock Exchange (NYSE) under the ticker symbol “AHR.” […]
FedEx Corp. shares FDX, -21.49% are currently down 23.4% on the week, putting them on track for their worst week since the stock market crash of October 1987. The stock lost 25.6% in the week through Oct. 23 of 1987. FedEx late Thursday slashed its earnings forecast, pulled its outlook for the year, and called […]
Gold futures climbed on Friday, finding support following a September reading on U.S. consumer sentiment, but prices marked their fourth weekly loss in five weeks. A survey of consumer sentiment from the University of Michigan showed a rise to 59.5 in September. It also revealed that inflation has slowed a bit in the past few […]
Read Next Walmart and Target among 1,600 merchants calling for credit-card fee law, says WSJ Merchants such as Target Corp. [s] and Walmart Inc. undefined signed on to a letter asking Congress to pass a law that would require options for the routing of credit-card transactions over alternative networks, according to The Wall Street Journal. […]
China’s Atour Lifestyle Holdings Ltd. filed for an initial public offering on Friday with plans to list on Nasdaq under the ticker “ATAT.” BofA Securities and Citigroup are leads in a syndicate of six banks working on the deal. The company, which started life as a hotel chain, will use the proceeds to expand its […]
JetBlue Airways Corp. JBLU, -1.67% said Friday that it is seeing “strong demand” extend beyond the summer peak, with “robust” demand for travel in September and beyond. The air carrier raised its third-quarter guidance for growth in revenue per available seat mile (RASM), compared with pre-pandemic 2019, to $22% to 24% from 19% to 23%. […]
Shares of Kahoot! A/S KAHOT, +21.96% KAHTY, -17.57% rallied 23% Friday after General Atlantic said it would buy out Softbank Group Corp.’s 9984, +0.37% SFTBY, -0.21% 15% stake in the Norway-based game-based learning and trivia software company. “Kahoot! plans to partner with General Atlantic to accelerate further growth initiatives, drive innovation, and expand its global […]
China-based ByteDance, the privately held parent of social media app TikTok, is looking to repurchase $3 billion of its shares, to help improve liquidity positions of some of its shareholders, according to a Reuters report. The buyback would value ByteDance at about $300 billion, Reuters reported, citing a memo to investors seen on Friday. ByteDance […]