Tag: Marketwatch
Shares of ride-sharing companies suffered a beating Tuesday, after the U.S. Labor Department said it would revisit rules that designate whether workers are classified as employees or independent contractors. Uber Technologies Inc.’s stock UBER, -8.65% dropped 8.3% in morning trading, putting it on track for the biggest one-day selloff since May 9, while Lyft Inc. […]
Blackbaud Inc. BLKB, -1.35% said Tuesday its board unanimously adopted a limited duration stockholder rights plan or a so-called poison pill, with an expiration date of Oct. 2, 2023. The company, which makes cloud software for the philanthropic community said the rights plan “will reduce the likelihood that any entity, person or group gains control […]
Subscription-based private aviation company Flexjet Inc. said Tuesday it will go public through a merger with special purpose acquisition company (SPAC) Horizon Acquisition Corp. II HZON, in a deal that values Flexjet at $3.1 billion. After the deal closes, which is expected to occur in the second quarter of 2023, Flexjet expects to be listed […]
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
U.S. stocks finished lower on Monday as all three major indexes fell for the fourth straight session and the Nasdaq Composite saw its lowest close in more than two years. The S&P 500 SPX, -0.75% closed 27.27 points, or 0.8%, lower at 3,612.39. The Dow Jones Industrial Average DJIA, -0.32% finished 93.91 points, or 0.3%, […]
Shares of Wynn Resorts Lt. WYNN, -11.77% tumbled 11.6% in afternoon trading Monday, enough to pace the S&P 500’s SPX, -0.51% losers, after some cities in China started imposing new COVID-related lockdowns. That put Wynn’s stock on track to suffer the biggest one-day selloff since it plunged 20.9% on March 18, 2020 at the start […]
Bank of America Corp.’s BAC, -0.78% 2022 Women & Minority Business Owner Spotlight survey of more than 1,300 entrepreneurs revealed an optimistic outlook for the coming year despite headwinds from supply chains, inflation and labor shortages. About 77% said their business is equipped to survive a recession. Over the next year, 66% of business owners […]
The stock of paint company PPG Industries Inc . PPG, -4.80% slid 7% in premarket trade Monday, after it warned that third-quarter earnings would lag estimates due to softer demand in Europe and China. The Pittsburgh, Pa.-based company is now expecting adjusted per-share earnings for the quarter to be 5% to 7% below the guidance […]
Target Corp. TGT, -2.19% said Monday that Black Friday deals are available now and will continue through Thanksgiving week. The company said the move is three weeks earlier than last year and that customers can find prices discounted by up to 50% or more across toys and games, electronics, kitchen appliances and more. New weekly […]
Tilray Brands Inc. TLRY, -18.72% closed lower by 18.7% on Friday after the cannabis company said its first-quarter loss widened to $65.8 million, or 13 cents a share, from a loss of $34.6 million, or 9 cents a share, in the year-ago quarter. Revenue at the cannabis company fell 9% to $153.2 million. Analysts expected […]