Tag: Marketwatch
Hewlett Packard Enterprise Co. HPE, +4.64% on Monday said it has developed the world’s fastest supercomputer, Frontier, in partnership with Advanced Micro Devices Inc. AMD, +3.55% and the U.S. Department of Energy’s Oak Ridge National Laboratory. At 1.1 exaflops, Frontier makes over 1,000,000,000,000,000,000 (or one billion-billion) calculations per second. Source: Marketwatch
Federal Reserve Gov. Christopher Waller, in a speech in Frankfurt, Germany, said he supports 50 basis point rate hikes for “several meetings,” which stands in contrast to Fed Chair Jerome Powell’s support for two consecutive half-point hikes, followed by reflection and a possible slowdown to quarter-point increases. “I support tightening policy by another 50 basis […]
Countryside Partnerships CSP, +20.79% shares rose 25% to 298 pence, the best performing FTSE All Share component, after San Francisco-based Inclusive Capital Partners disclosed its made its second approach to buy the company. In-Cap said it’s weighing a possible offer of 295 pence per share. In-Cap, which already owns 9.2% of Countryside, said the U.K. […]
The U.S. economy contracted at a negative 1.5% annual rate in the first quarter instead of the initial estimate of negative 1.4%, revised government data released Thursday show. Forecasters surveyed by the Wall Street Journal had expected a slight upward revision to a negative 1.3% reading. Economists believe the contraction overstates the slowing economy. Most […]
Ayr Wellness Inc. ayr said Thursday its first-quarter loss narrowed to $7.58 million, or 11 cents a share, from $16.62 million, or 38 cents a share in the year-ago quarter. First-quarter revenue at the Miami-based cannabis company rose to $111.23 million from $58.4 million. Adjusted Ebitda increased to $19.5 million from $18.4 million. Analysts expected […]
Shares of Jack in the Box Inc. JACK, -2.66% dove 11.2% toward a 2-year low in premarket trading Thursday, after the fast-food restaurant chain reported a fiscal second-quarter profit miss, a surprise decline in same-store sales and a downbeat full-year earnings outlook, citing continued “inflationary pressure” facing the industry. Net income dropped to $7.8 million, […]
Shares of Avadel Pharmaceuticals PLC AVDL, +133.64% tumbled 21.6% in premarket trading on Thursday after the company said in a securities filing that the Food and Drug Administration requested additional information for its experimental narcolepsy drug. Avadel said it now expects to get a FDA decision on the drug, FT218, by June of next year. […]
Shares of Big Lots Inc. BIG, -12.10% plunged 21.2% toward a two-year low in premarket trading Friday, after the home discount retailer swung to a surprise fiscal first-quarter loss and sales that fell more than forecast, as gross margin fell amid challenging changes in consumer demand. The net loss for the quarter to April 30 […]
The White House on Thursday announced more steps to make the antiviral treatment Paxlovid more accessible across the U.S. as it projects COVID-19 infections will continue to spread over the summer travel season, the Associated Press reported. The nation’s first federally backed test-to-treat site is opening Thursday in Rhode Island, providing patients with immediate access […]
The U.S. listed shares of Pinduoduo Inc. PDD, +15.19% charged 9.5% higher in premarket trading Friday, after the China-based mobile marketplace reported first-quarter profit and revenue that rose well above expectations, as gross margin improved sharply with costs falling. The company swung to net income of RMB2.60 billion ($410.1 million), or RMB1.84 a share, from […]