Tag: brokerswatch
U.S. oil futures settled at their highest price in more than a week Tuesday as Saudi Arabia raised talk of potential production cuts, while natural-gas prices dropped 5% after reaching 14-year highs amid ongoing concerns over European supplies. Freeport LNG said Tuesday that it plans to restart its liquefaction facility in early to mid-November, later […]
Xpeng Inc. shares XPEV, -9.76% fell 3% in premarket trade Tuesday, after the Chinese electric vehicle company . Xpeng posted a loss of RMB778.1 million ($116.2 million) for the quarter to June 30, narrower than the loss of RMB1.619 billion posted in the year-earlier period. Excluding non-recurring losses, the EV maker had a loss of […]
Pfizer PFE, -2.21% and BioNTech BNTX, -0.11% have formally completed an application asking the Food and Drug Administration to authorize their experimental bivalent COVID-19 booster in those who are 12 years old or older. The new shot equally targets the original strain of the virus and the BA.4 and BA.5 strains, the latter of which […]
AMC Entertainment Holdings Inc.’s AMC, -4.45% AMC Preferred Equity Units APE, +10.38% made their trading debut Monday, ending a volatile session down 13.7%, outpacing the S&P 500 Index’s SPX, +0.03% decline of 2.1%. AMC’s stock ended Monday’s session down 5.5%. Following the APEs’ debut, analyst firm Wedbush cut its AMC price target. “On August 22, […]
Los Angeles-based cannabis company MedMen Enterprises Inc. MMNFF, +7.46% MMEN, +7.14% said late Monday it’s currently exploring strategic alternatives for its New York business. The company owns a cultivation facility in New York and four dispensaries under the state’s existing medical cannabis program. “We are focused on maximizing our existing footprint, including our operations in […]
Two Cathie Wood funds, including her flagship ARK Innovation ETF ARKK, -0.34%, sold stock in Signify Health SGFY, -1.39% after the 32% surge on the back of a report it’s the target of a bidding war between Amazon AMZN, +0.30%, CVS Health CVS, -1.07% and UnitedHealth UNH, -1.65%. The ARK Innovation fund sold $31 million […]
Medtronic Plc MDT, -3.92% said Tuesday its first-quarter net income increased by 22% to $929 million, or 70 cents a share, from $769 million, or 56 cents a share, in the year-ago quarter. Adjusted profit totaled $1.13 a share. Revenue dropped to $7.37 billion from $7.99 billion partly on foreign-exchange losses. The medical products company […]
Macy’s Inc. M, +7.14% share rose 3.6% in premarket trade Tuesday, after the company posted better-than-expected earnings for the second quarter, although it lowered its full-year guidance to reflect a difficult spending environment and high levels of inventory. The department store chain posted net income of $275 million, or 99 cents a share, in the […]
Shares of Foghorn Therapeutics Inc. FHTX, -6.79% tumbled 18.4% in premarket trading on Tuesday after the company said the Food and Drug Administration put a full clinical hold on a Phase 1 clinical trial evaluating an experimental treatment for relapsed and refractory acute myelogenous leukemia and myelodysplastic syndrome. The study assessing the same therapy in […]
Intel Corp. INTC, -4.35% said Tuesday that it had reached an agreement with an infrastructure associate of Brookfield Asset Management to jointly invest in chip factories. Intel billed the arrangement in a press release as “a new funding model [for] the capital-intensive semiconductor industry.” Through the arrangement, the companies will jointly invest up to $30 […]