Tag: Marketwatch
The U.S. is considering more sanctions on Russia over its invasion of Ukraine, White House press secretary Jen Psaki said Monday. “We are continuing to review and consider additional sanctions,” Psaki told reporters at a regular briefing. “You will see us continue to expand our sanctions targets,” she said. The U.S. has slapped numerous sanctions […]
Twitter Inc. TWTR, +7.48% is expected to turn down Tesla Inc. TSLA, +1.96% Chief Executive Elon Musk’s offer for the social-networking company, and private-equity powerhouse Apollo Global Management Inc. APO, -1.27% is considering whether to join in a bid, according to a Monday afternoon report. The Wall Street Journal reported after U.S. markets closed that […]
U.S. oil prices climbed on Monday to finish at their highest level of the month so far, buoyed by ongoing concerns about tight supplies with no end in sight for Russia’s war in Ukraine and a reported production outage at Libya’s largest oil field. West Texas Intermediate crude for May delivery CLK22, +0.87% rose $1.26, […]
Gold futures climbed Monday to settle at their highest in more than five weeks, after briefly touching highs above $2,000 an ounce. “Ukraine is the reason for the gold-price rise,” said Chintan Karnani, director of research at Insignia Consultants. Inflation will be around longer if the Ukraine conflict continues to escalate,” he said. Gold is […]
Shares of Nektar Therapeutics Inc. NKTR, -33.93% were down 35.9% in trading on Monday after the company announced Friday that it halted development of bempegaldesleukin in combination with Bristol Myers Squibb’s BMY, -0.95% Opdivo. The combination was being tested in several types of cancer, including renal cell carcinoma and urothelial carcinoma. Wall Street now views […]
Shares of Forward Air Corp. FWRD, +1.27% jumped 1.5% in morning trading Monday, putting them on track for a fifth-straight gain, after the trucker raised its first-quarter profit and revenue outlook, citing “continued strong demand for services.” The company raised its net earnings-per-share guidance range to $1.52 from $1.61 from $1.15 to $1.19, which compares […]
Natus Medical Inc. NTUS, +0.58% announced Monday a deal to be acquired in a deal valued at $1.2 billion by an affiliate of investment firm ArchiMed. Natus Medical’s stock was still halted for news until 7:30 a.m. Eastern. Under terms of the deal, ArchiMed will pay $33.50 in cash for each Natus Medical share outstanding, […]
Shares of Didi Global DIDI, -3.15% dropped 17% in premarket trading on Monday, after the China ride-share group over the weekend announced a 12% drop in fourth-quarter revenue from a year earlier and plans to vote on a delisting from the New York Stock Exchange. The company, which is facing a cybersecurity probe in Japan, […]
Citigroup Inc. C, +1.56% shares rose 1.4% on Thursday after the bank said its first-quarter profit fell 46% to $4.3 billion, or $2.02 per share from $7.9 billion, or $3.62 per diluted share in the year-ago quarter. Revenue fell to $19.2 billion from $19.7 billion, as higher net interest income was more than offset by […]
JD.com Inc. JD, -2.95% is sending more than 100 autonomous vehicles to Shanghai to help the city, which is under a strict lockdown due to a COVID-19 outbreak, with customer order deliveries, mobile cabin hospitals, and more. About 50 indoor delivery robots are being sent to help with the effort as well. “With AI technology […]