Tag: Marketwatch

President Joe Biden has tested negative again for COVID-19, the White House said Monday. That result comes as a number of officials in Washington, D.C., have tested positive for COVID in recent days, raising concerns at a time when the Biden administration’s narrative is that the pandemic is under control. The daily averages for new […]

Shares of American Express Co. AXP, -1.63% dropped 1.3% in morning trading Monday, after J.P. Morgan analyst Richard Shane downgraded the charge card and travel-related services company, citing concerns over valuation at a time of increased uncertainty over economic growth. Shane cut his rating to neutral from overweight but left his stock price target at […]

Shares of Bicycle Therapeutics Inc. BCYC, +24.54% tumbled 23.4% in premarket trading on Monday after the company shared interim data from a Phase 1 clinical trial for its urothelial-cancer treatment. Bicycle said its experimental therapy, BT8009, had a 50% overall response rate, and one of the eight patients enrolled in the study who received the […]

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

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. ports could see another cargo surge in the summer after spending recent months catching up to the backlog caused by COVID-related disruptions, according to the latest from the National Retail Federation and maritime advisory services provider Hackett Associates. “Congestion at West Coast ports has eased, but congestion at some East Coast ports is growing,” […]

The daily average for new COVID-19 cases ticked lower, to snap a three-day streak of increases, while hospitalizations and deaths continue to fall. The seven-day average of cases was 29,429 on Thursday, according to a New York Time tracker, after rising by 2,652 a day over the previous three days, but the average was still […]

Shares of LXP Industrial Trust LXP, -14.14% dropped 6.6% in premarket trading Friday, after the real estate investment trust, focused on single-tenant warehouse and distribution investments, said it has decided to suspend its evaluation of strategic alternatives, which included a possible sale or merger. The company said discussions with a “wide array” of investors affirmed […]

LivePerson Inc. LPSN, +2.08% responded Friday to a letter from activist investor Starboard Value LP, saying it has “constructively engaged” in talks with Starboard Value and the fund’s Managing Member Peter Feld since Starboard disclosed its investment in February. “LivePerson remains committed to serving the best interests of all shareholders,” the mobile messaging company said […]

Applied Blockchain Inc. said Friday it plans to raise up to $67 million in its initial public offering by selling about 3.24 million shares at an estimated price range of $16.54 to $20.54 a share with underwriters B. Riley Securities and Needham & Co. Dallas-based Applied Blockchain plans to trade on the Nasdaq under the […]