Tag: Marketwatch

Looks like everyone is ready for a vacation. NPD Group data shows that luggage sales skyrocketed 129% for the 12 months ending Feb. 2022. The average selling price for luggage was up 19% for the period. “Pent-up demand from consumers yearning for travel and experiences is moving from aspiration to reality,” said Beth Goldstein, NPD’s […]

An airport-based COVID-19 surveillance program detected the first known U.S. case of the highly transmissible omicron BA.2 subvariant in December, according to a new study that was funded by the Centers for Disease Control and Prevention. “We enrolled arriving international air travelers in SARS-CoV-2 genomic surveillance, using molecular testing of pooled nasal swabs, and sequencing […]

XPO Logistics Inc. XPO, +1.12% announced Friday that it expects cash proceeds of $710 million from the sale of its North American intermodal business to STG Logistics. The provider of freight transportation services said the unit had generated $1.2 billion of revenue in 2021, or 9.3% of total revenue of $12.81 billion, and had 700 […]

Shares of Bed Bath & Beyond Inc. BYND, -3.86% shot up 8.6% in premarket trading Friday, after the home goods retailer announced a “cooperation agreement” with activist investor Ryan Cohen and RC Ventures LLC. As part of the agreement, Bed Bath will add three of RC Ventures’ nominees to its board as new independent directors. […]

Treasury Secretary Janet Yellen on Friday said it is not “necessary or appropriate at this point” to sanction China for its ties to Russia. Yellen was appearing in a CNBC interview. President Joe Biden has warned China that it would face “consequences” if it helps Russia in its war against Ukraine. Source: Marketwatch

Shares of 89bio Inc. ETNB, +3.76% gained 12.8% in premarket trading on Friday, the day after the company provided promising updates for pegozafermin, which is being evaluated as a treatment for non-alcoholic steatohepatitis and severe hypertriglyceridemia. 89bio said it expects to have topline data from the Phase 2 study for severe hypertriglyceridemia in the second […]

Victoria’s Secret & Co. VSCO, +3.24% said Friday it has invested $18 million to acquire a minority stake in Frankies Bikinis, a women-founded and led beachwear and lifestyle brand located in Venice, California. The company was founded in 2012 by then-17-year-old Francesca Aiello and her mother, Mimi Aiello and is known for its relaxed Malibu […]

Cannabis stocks extended their late Thursday-rally premarket Friday, after a report that the U.S. House of Representatives is planning to vote for the second time on the Marijuana Opportunity, Reinvestment and Expungement (MORE) Act that would legalize cannabis at the federal level next week. The news was reported in a Thursday article in Marijuana Moment. […]

Shares of financial and insurance company Assurant Inc. AIZ, +0.88% on Thursday rose 2.2% to an all-time high of $182.87 after the financial services company held an investor day. Truist analyst Mark Hughes on Friday hiked his price target to $220 a share from $210 and reiterated a buy rating on the stock. He also […]

Salesforce.com Inc. CRM, -1.38% announced Friday that it will change its legal name to Salesforce Inc., effective April 4. The customer relationship managemet software company said its stock will continue to trade on the NYSE under the ticker symbol “CRM.” The stock edged up 0.4% in premarket trading. It has tumbled 15.8% year to date […]