Tag: Marketwatch

May 18
Dentsply Sirona gets Nasdaq listing notice over late 10-Q that was caused by internal probe of financial reporting

Dentsply Sirona Inc. XRAY, +1.86% said Wednesday it has received a written notification from the Nasdaq exchange warning that it is no longer in compliance with listing rules because it has not yet filed its quarterly 10-Q report with the Securities and Exchange Commission. The maker of dental products and technology said last week the […]

May 18
Target stock plunges after big profit miss, as a jump in costs hurt margins

Shares of Target Corp. TGT, -1.41% plunged 21.1% toward a 14-month low in premarket trading Wednesday, after the discount retailer reported fiscal first-quarter profit that fell well short of expectations, even as sales rose above forecasts, as cost of sales jumped. Net income for the quarter to April 30 dropped to $1.01 billion, or $2.16 […]

May 18
New York City COVID alert level raised to high from medium: Health Department

The New York City health department raised its COVID-19 alert level to high from medium on Tuesday, and said it now advises all New Yorkers to wear a mask in indoor public settings. “People who are older than 65 or otherwise at a high risk of severe illness from COVID-19 should also wear a mask […]

May 18
FDA authorizes a booster dose of BioNTech/Pfizer’s vaccine for 5 to 11 year olds

The Food and Drug Administration said Tuesday that children between the ages of 5 and 11 years old can get a booster dose of BioNTech SE and Pfizer Inc.’s PFE, +1.32% COVID-19 vaccine. Children in this age group should wait at least five months after getting the primary series of shots. The regulator authorized a […]

May 18
US Bancorp says merger with MUFG unit will take longer to close

U.S. Bancorp USB, +2.86% said Monday it no longer expects to close its $8 billion acquisition of the core regional banking franchise of MUFG Union Bank, N.A., as announced in September. The bank cited U.S regulatory approvals for the delay, but said it continues to “make significant progress in planning for closing and integration while […]

May 18
Biden calls Buffalo shootings terrorism, condemns ‘great replacement’ theory supporters

President Joe Biden on Tuesday called Saturday’s mass shooting in Buffalo, New York, “domestic terrorism,” and blasted backers of the so-called great replacement conspiracy theory. “I condemn those who spread the lie for power, for political gain and for profit,” the president said on a visit to the city. A white 18-year-old shot and killed […]

May 18
JPMorgan Chase shareholders reject options bonus for CEO Jamie Dimon

Thirty-one percent of shareholders participating in JPMorgan Chase & Co.’s JPM, +3.31% annual meeting supported a $52.6 million options award to CEO Jamie Dimon in his 2021 compensation package, according to a transcript of the event on Tuesday. Dimon drew the bonus on top of his regular pay to bring home total compensation of $84.4 […]

May 17
Dow ends up 430 points Tuesday, after Fed’s Powell says a ‘softish’ economic landing is possible

U.S. stocks finished sharply higher Tuesday after Federal Reserve Chairman Jerome Powell said a “softish landing” for the economy still was possible. The Dow Jones Industrial Average DJIA, +1.34% advanced about 431 points, or 1.3%, ending near 32,655, up for a third straight day in a row. It also marked the biggest daily percentage jump […]

May 17
Container Store aims for $2 billion in sales by 2027

Shares of Container Store Group Inc. TCS, -1.50% rallied more than 10% in the extended session Tuesday after the retailer reported fiscal fourth-quarter earnings and sales above Wall Street expectations and promised $2 billion in yearly sales within five years. The Container Store said it earned $23.2 million, or 46 cents a share, in the […]

May 17
Gold futures book second straight day of gains

Gold prices ended higher Tuesday for a second day in a row, with a pullback in the surging dollar helping to lift the yellow metal from its slump. Gold for June delivery gmc22 GC00, -0.01% rose about 0.3%, to settle at $1,818.90 an ounce on Comex, after dipping below the key $1,800-an-ounce threshold in trade […]