Tag: brokerswatch
Cathie Wood’s flagship ARK Innovation ETF ARKK, -6.21% has taken a steep drop in midday trading as the technology sector sinks following Fed Chair Jerome Powell’s speech Friday morning at the Jackson Hole economic symposium in Wyoming. Shares of the ARK Innovation ETF were down 5.2% around midday Friday, according to FactSet data, at last […]
Cryptocurrency prices retreated on Friday, following stocks lower as hawkish comments from Federal Reserve Chairman Jerome Powell spurred a broad-based selloff in risk assets. Bitcoin BTCUSD, -4.42% was down 3.7% to $20,821 in recent trade, while Ethereum’s Ether token ETHUSD, -8.83% was down 5.9% at $1,600. Other popular cryptocurrencies, including Cardano ADAUSD, -6.26%, and Solana […]
The Nasdaq Composite COMP, -3.33% is on track for its biggest daily decline in two months as Wall Street’s selloff accelerates, sending the CBOE Volatility Index back above 23. The VIX VIX, +12.99%, better known as Wall Street’s “fear gauge”, was recently up 7.3% to 23.36. The gauge, which is based on moves in near-term […]
U.S. stocks tumbled Friday morning as Federal Reserve Chairman Jerome Powell said the Federal Reserve’s efforts to combat inflation might lead to economic pain for American families, but that “we must keep at it until the job is done.” The Dow Jones Industrial Average DJIA, -1.91% fell 140 points, or 0.4%, to 33,164. The S&P […]
WASHINGTON (MarketWatch) – An early look at U.S. trade patterns in July showed a 9.7% decline in the nation’s trade deficit. The trade gap in goods – services are excluded – fell to $89.1 billion from $98.6 billion in the prior month, the government said Friday. The deficit has shrunk after a record increase in […]
Raymond James on Friday initiated coverage of Chicago-based community lender Byline Bancorp BY, -1.58% with a market perform rating. Analyst David Long cited the bank’s “attractive” deposit base, “impressive” loan growth prospects, experienced management team and opportunity to complement organic growth with mergers and acquisitions. At the moment, however, the stock’s premium to its peer […]
The Securities and Exchange Commission said Friday it’s reached an agreement with the China Securities Regulatory Commission and the Ministry of Finance of the People’s Republic of China governing inspections and investigations of audit firms based in China and Hong Kong. “This agreement marks the first time we have received such detailed and specific commitments […]
Moderna Inc. MRNA, -1.42% said Friday it is suing Pfizer Inc. PFE, -1.06% and German partner BioNTech SE BNTX, -1.88% for infringing patents relating to its mRNA platform, the source of the COVID vaccines developed by the three parties. The suit is to be filed Friday in the U.S. District Court for the District of […]
Jefferies analyst Pablo Zuanic said Friday it’s unclear whether New York State’s potential $9 billion legal cannabis market will provide a “significant source of upside” for larger cannabis companies such as Curaleaf Holdings Inc. CURLF, +4.23%, Green Thumb Industries Inc. GTBIF, +9.63% and Columbia Care Inc. CCHWF, +4.59%, which is being acquired by Cresco Labs […]
Shares of Bed Bath & Beyond Inc. BBBY, -2.51% rose 1.6% before market open following the troubled retailer’s announcement that it will hold a conference call Aug. 31 at 8: 15 a.m. Eastern to offer a “business and strategic update.” The meme stock darling announced the investor update after market close on Thursday. “We recognize […]