Tag: Marketwatch

Oct 14
Plug Power stock sinks after revenue warning, as supply chain issues offset ‘robust’ demand

Shares of Plug Power Inc. PLUG, -0.42% sank 7.0% in premarket trading Friday, after the hydrogen and fuel cell systems company said 2022 revenue could be 5% to 10% below previous guidance, as some larger projects could potentially be completed in 2023 rather than 2022. From the midpoint of the previous 2022 revenue guidance of […]

Oct 14
Nutanix stock rockets toward a 5-month high after WSJ report of buyout interest

Shares of Nutanix Inc. NTNX, +0.76% soared 20.2% toward a five-month high in premarket trading Friday, after The Wall Street Journal reported that the cloud services company has received buyout interest and is exploring a sale. The WSJ report, which cited people familiar with the matter, said Nutanix is expected to target private-equity and industry […]

Oct 14
Banking software company Temenos slides on profit warning

Steven Goldstein is based in London and responsible for MarketWatch’s coverage of financial markets in Europe, with a particular focus on global macro and commodities. Previously, he was Washington bureau chief, directing MarketWatch’s economic, political and regulatory coverage. Follow Steve on Twitter: @MKTWgoldstein. Source: Marketwatch

Oct 13
Alcoa calls for U.S. to halt Russian aluminum imports: report

Alcoa Corp. AA, +2.56%, a large miner and producer of aluminum, has asked the White House to halt U.S. imports of the metal from Russia, according to Reuters. The move comes as Russia intensifies its attacks on Ukraine. “Alcoa believes that the U.S. government and other countries should sanction Russian aluminum,” a company representative told […]

Oct 13
Facebook parent Meta files motion to dismiss FTC’s opposition to Within acquisition

Facebook parent company Meta Platforms Inc. META, +2.19% on Thursday filed a motion in federal court to dismiss the Federal Trade Commission’s lawsuit to block Meta’s acquisition of VR company Within. “The FTC’s attempt to fix its ill-conceived complaint still ignores the facts and the law and relies on pure speculation of a hypothetical future […]

Oct 13
Jan. 6 committee will vote to subpoena Trump, reports say

The House select committee investigating the Jan. 6, 2021, attack on the U.S. Capitol plans to vote Thursday to subpoena former President Donald Trump, according to multiple reports. The panel is holding what’s likely to be its final public hearing on Thursday, presenting evidence in an effort to show that Trump had a plan to […]

Oct 13
USA Today parent Gannett mandates 5 days of unpaid leave in December, seeking voluntary layoffs in latest cost cuts

Gannett Co. Inc. GCI, -3.93% informed staff on Wednesday that it’s temporarily suspending its 401(k) match from Oct. 24 and mandating five days of unpaid leave in December, as part of a latest round of cost cuts. In a memo circulated by Editor & Publisher, Chief Executive Mike Reed said the publisher is also offering […]

Oct 13
EIA reports a weekly U.S. natural-gas supply climb of 125 billion cubic feet

The U.S. Energy Information Administration reported on Thursday that domestic natural-gas supplies rose by 125 billion cubic feet for the week ended Oct. 7. That compared with the average analyst forecast for an increase of 123 billion cubic feet, based on a survey conducted by S&P Global Commodity Insights. Total working gas stocks in storage […]

Oct 13
Hot CPI reading cements expectations for 75 basis point Fed rate rise in November

Fed-funds futures traders priced in a 97.8% probability the Federal Reserve will lift its key interest rate by 75 basis points, or 0.75 percentage point, to a range of 3.75% to 4% in its early November meeting, up from 84.5% on Wednesday, according to the CME FedWatch tool. The move comes after a hotter-than-expected core […]

Oct 13
Delta stock jumps after 3Q revenue rises above 2019 levels

Shares of Delta Air Lines Inc. DAL, +1.28% climbed 3.49% in premarket trading Thursday after the carrier reported third-quarter revenue significantly above the same period in 2019, before the pandemic hit. Revenue of $13.98 billion was up from $12.56 billion in 2019. Analysts surveyed by FactSet had projected revenue of $12.9 billion. Net income of […]