Tag: Marketwatch
Canopy Growth Corp. CGC, +5.01% WEED, +4.60% said Wednesday it agreed on two call options to acquire control of California-based Lemurian Inc., which does business under the name Jetty Extracts. The two companies will continue to operate independently until Canopy exercises its acquisition rights for the cannabis vape technology and extracts company. Canopy Growth pay […]
Deutsche Bank research analyst Brian Bedell on Thursday downgraded Bank of New York Mellon Corp. BK, +0.07% to hold from buy and cut the stock’s price target to $45 a share from $54 a share. Bedell said he views trust banks “somewhat less favorably, as the benefits of higher interest rates may be at least […]
The Senate on Thursday approved a $40 billion military and economic-aid package for Ukraine, sending it to President Joe Biden for signature. The 86-11 vote came after earlier approval by the House, and was $7 billion above what Biden had asked for last month. The Senate’s vote came the same day Biden hosted the leaders […]
Shares of RumbleON Inc. RMBL, -4.11% dropped 6.3% toward a 22-month low, in the wake of Harley-Davidson Inc.’s HOG, -9.29% announcement that it was suspending all assembly and shipments for two weeks due to a regulatory compliance matter. Harley-Davidson’s stock sank 8.9%. RumbleON, which is a motor vehicle dealer and ecommerce platform, said in its […]
Stocks ended lower Thursday, building on the previous session’s rout as the S&P 500 fell closer to bear-market territory. The Dow Jones Industrial Average DJIA, -0.75% fell around 237 points, or 0.8%, to close near 31,253, according to preliminary figures, while the S&P 500 SPX, -0.58% dropped around 23 points, or 0.6%, to finish near […]
Facebook parent company Meta Platforms Inc. FB, -0.45% is adding commercial services to WhatsApp so businesses can build a custom dashboard to chat with customers and offer customer services. On Thursday, company CEO Mark Zuckerberg announced in a Facebook post the introduction of WhatsApp Cloud API, a cloud-based version of the WhatsApp Business API. The […]
Gold futures bounced on Thursday as a selloff in stocks continued after a string of disappointing retailer earnings kept investors on edge about the effects of inflation on the economy. Gold futures GC00, +1.32% GCM22, +1.32% rose $25.30, or 1.4%, to settle at $1,841.20 an ounce, the best daily percentage rise for the most-active contract […]
President Joe Biden on Thursday said Sweden and Finland have the “full, total, complete” backing of the U.S. as they seek to become the newest members of NATO. In remarks at the White House while flanked by Prime Minister Magdalena Andersson of Sweden and President Sauli Niinistö of Finland, Biden said he is sending the […]
Shares of Harley-Davidson Inc. HOG, -7.61% tumbled 10.5% in premarket trading Thursday, after the motorcycle maker said it would suspend all assembly and shipments for two weeks. The company said the suspension was for “an abundance of caution” following information provided by a third-party supplier regarding “a regulatory compliance matter relating to the supplier’s component […]
Children’s Place Inc. PLCE, -10.42% shares slumped 13.2% in Thursday premarket trading after it reported first-quarter earnings and sales that missed expectations and cut its outlook. The kids apparel retailer posted net income of $19.8 million, or $1.43 per share, down from $45.2 million, or $3.01 per share, last year. Adjusted EPS of $1.05 missed […]