Tag: Marketwatch
Splunk Inc. SPLK, -2.04% said late Monday that Jason Child, the company’s chief financial officer since 2019, will step down in early November to accept “a position at a leading pre-IPO semiconductor company.” Splunk said it’s hired an executive search firm to find a new CFO, and reiterated its outlook for the third quarter and […]
U.S. stocks closed lower Monday amid elevated market volatility, extending last week’s losses as the S&P 500 sank to a new 2022 low. The S&P 500 SPX, -1.03% dropped 1% to end around 3,655.52, while the Dow Jones Industrial Average DJIA, -1.11% fell 1.1% and the Nasdaq Composite COMP, -0.60% slid 0.6%, according to preliminary […]
Victor Reklaitis is MarketWatch’s Money & Politics reporter and is based in Washington, D.C. Prior to joining MarketWatch, he served as an assistant editor and reporter at Investor’s Business Daily. Before IBD, he worked for several newspapers in Virginia. Follow Victor on Twitter at: @vicrek. Source: Marketwatch
Shares of Planet Fitness Inc. PLNT, +2.13% bounced 2.2% in afternoon trading Monday, after the fitness center company was doubled upgraded at Raymond James, citing a “highly resilient” business model and “attractive” valuation. Analyst Joseph Altobello raised his rating by two notches to strong buy from market perform, while setting a price target for the […]
The Federal Reserve is the proverbial bull in the china shop, prepared to create damage with higher interest rates to bring down the hottest inflation spell of the past 40 years. The first thing that will break is the financial markets, “as currently unfolding,” BMO Capital Markets economists Michael Gregory and Sal Guatieri said in […]
Voters in Arkansas will cast ballots in a statewide referendum on Nov. 8 on whether to allow adult-use cannabis sales, while a separate adult-use referendum planned for Oklahoma has fizzled, Benchmark analyst Mick Hickey noted Monday in his weekly cannabis chronicles. Last week, the Arkansas Supreme Court OK’d a request by Responsible Growth Arkansas to […]
Shares of Purple Innovation Inc. PRPL, +2.30% sank 4.5% in premarket trading Monday, after the mattress maker said it adopted a shareholders rights plan, in an effort to buy time to evaluate the unsolicited buyout bid by large shareholder Coliseum Capital Management LLC. The rights plan, also known as a “poison pill,” was adopted on […]
The Biden administration is watching the stock market SPX, -1.72% and other indicators closely as equities tumbled on Friday, a White House spokeswoman said. “The stock market, as you’ve heard us say many times, is just one measure of the economy,” said press secretary Karine Jean-Pierre. “We are watching, always watching, these different indicators closely, […]
Gold futures fell Friday, with prices for the most-active contract losing 1.7% for the week and settling at their lowest since early April 2020. The surge in Treasury yields, along with a stronger U.S. dollar has “unsurprisingly clobbered the gold price, clubbing it back down to its lowest levels in over 2 years, against a […]
Netflix Inc. NFLX, -2.99% said Friday its principal accounting officer Ken Barker has submitted his resignation effective Oct. 7, meaning he is leaving his role less than four months after taking it up. Barker, 55, joined the company on June 27 from Electronic Arts Inc. EA, -2.70%, where he was senior vice president finance. In […]