Tag: brokerswatch
Gold futures declined for a second straight session on Wednesday to settle at their lowest in almost two months. Prices extended their losses as the dollar eased back, but remained higher for the week, in the wake of Tuesday’s unexpected rise in the August U.S. consumer price index. December gold GCZ22, -0.80% fell $8.30, or […]
New Jersey Resources Corp. NJR, +1.61% said Wednesday that it raised its quarterly dividend by 7.6%, to 39.00 cents a share from 36.25 cents a share. The natural gas storage and transportation company’s new dividend will be payable Oct. 3 to shareholders of record on Sept. 26. Based on current stock prices — the stock […]
CoStar Group Inc. shares CSGP, -3.68% slid 2.3% in premarket trade Wednesday, after the provider of online real estate marketplaces, information and analytics said it’s issuing $750 million of common stock as it joins the S&P 500 index. The company said it expects the offering to represent just a portion of the expected index fund […]
Terra’s cryptocurrency Luna LUNAUSD, -15.90 dropped 35% Wednesday to around $2.89, after news reports said that Do Kwon, founder of Terraform Labs, faces an arrest warrant in South Korea. The Wall Street Journal reported that a spokesman for the Seoul Southern District Prosecutors’ Office said Wednesday it had obtained arrest warrants from Seoul’s southern district […]
Shares of Beyond Meat Inc. BYND, -4.59% hit a new all-time low Wednesday, dipping as much as 6.4% before briefly rebounding, as the maker of plant-based meat continues to navigate choppy waters. There was no catalyst for the stock drop, but a series of disappointing earnings results and hints at deep cuts amid escalating competition […]
Shares of railroad operators fell Wednesday, helping drag the Dow Jones Transportation Average DJT, -0.35% down by 1.3% in midday trading despite a 39-point gain in the Dow Jones Industrial Average DJIA, +0.06% and 0.3% rise in the S&P 500 SPX, +0.27%, amid concerns over a possible labor strike. Shares of Union Pacific Corp. UNP, […]
Philip Morris International Inc. PM, -0.53% said Wednesday that it has appointed two former officials with the U.S. Food and Drug Administration to positions that will accelerate the cigarette maker’s transition to a smoke-free future. The company said it has appointed Dr. Badrul Chowdhury, who was a regulator in the FDA’s pulmonary division, as its […]
Sarepta Therapeutics Inc. SRPT, +0.89% said Wednesday it has priced $980 million of convertible senior unsecured notes that mature in September of 2027. The company will reduce the potential dilution of issuing new shares by entering capped call transactions with one or more dealers. Proceeds will be used to cover the cost of those transactions, […]
The Energy Information Administration on Wednesday reported that U.S. crude inventories rose by 2.4 million barrels for the week ended Sept. 9. On average, analysts expected a climb of 1.2 million barrels, according to a poll conducted by S&P Global Commodity Insights. The EIA also said gasoline stockpiles declined by 1.8 million barrels last week, […]
U.S. stocks opened modestly higher on Wednesday as the market attempted to bounce back from its worst loss in two years. The S&P 500 SPX, +0.48% advanced 12 points, or 0.3%, to 3,944. The Dow Jones Industrial Average DJIA, +0.36% gained 77 points, or 0.3%, to 31,182. The Nasdaq Composite COMP, +0.74% gained 47 points, […]