Tag: Marketwatch
Shares of Manitowoc Co. MTW, +0.51% fell more than 5% in the extended session Tuesday after the maker of cranes and other construction equipment reported mixed first-quarter results, beating analyst expectations on revenue, and said demand for cranes continues unabated despite “clear signs of economic slowdown.” Manitowoc said it earned $3.1 million, or 9 cents […]
Secretary of State Antony Blinken will deliver a long-awaited speech outlining the Biden administration’s policy toward China on Thursday, the State Department announced on Tuesday. Blinken, reported Politico, will underscore the Biden administration’s existing policy toward Beijing modeled on what it inherited from the Trump administration, and will give an overview of the strategy rather […]
Shares of Charter Communications Inc. CHTR, -0.55% were off 1.3% in afternoon trading Tuesday after Bank of America analyst Jessica Reif Ehrlich cut her rating on the stock to neutral from buy, citing concerns about growing competition in the broadband market. Reif Ehrlich worries about emerging threats to broadband incumbents from fiber and fixed-wireless access […]
A draft opinion of a pending Supreme Court abortion-rights decision is authentic, said Chief Justice John Roberts in a statement on Tuesday, as he ordered an investigation into how the document was leaked. Late Monday, Politico published a draft majority opinion showing that the high court intends to strike down the landmark Roe v. Wade […]
Petco Health & Wellness Co. Inc. WOOF, +0.37% has partnered with outdoor retailer Backcountry to launch a line of pet items, including travel gear, apparel and accessories, for outdoor enthusiasts. Backcountry Chief Executive Melanie Cox said in a statement that 84% of the company’s customers have pets. Pet adoption soared during the pandemic. Petco stock […]
Shares of DocuSign Inc. DOCU, +5.96% were off more than 4% in premarket trading Tuesday after Wedbush analyst Dan Ives cut his rating on the e-signature stock to underperform from neutral, citing a more challenging landscape for a company that was a big winner early in the pandemic. “[W]e believe the company is seeing a […]
New York City is averaging 2,654 COVID cases a day, up 17% from two weeks ago, according to a New York Times tracker, a day after the city raised its COVID alert level to medium from low, signaling that cases are rising at an undesirably fast pace. In early March, the city was averaging about […]
Ebay Inc. EBAY, +2.37% announced an expansion of its “Authenticity Guarantee” to trading cards sold for $2,000 or more. Through a partnership with Professional Sports Authenticator that launches on Monday, eBay will begin verifying that cards meet the listing description, haven’t had their sealed plastic holders tampered with, and aren’t counterfeit. The program will ultimately […]
New York City has moved its COVID-19 risk level to medium, or yellow, from green, according to the city’s health department website, signaling that cases are rising at an undesirably fast pace. The city is currently seeing nearly 2,500 new cases a day, which is up from about 600 in early March. The number may […]
Traders of fed-funds futures see a 91% likelihood that the Federal Reserve delivers a 75 basis point rate hike in June, up from 19% a month ago, based on the CME FedWatch Tool. They are factoring in the prospect of a jumbo-sized move on top of an almost 100% chance of a 50 basis point […]