Tag: Marketwatch

Gilead Sciences Inc. GILD, -0.28% said late Thursday the World Health Organization expanded its recommended guide for the use of the biotech drug maker’s COVID-19 treatment Veklury. In a statement, the company said WHO updated its guidelines to recommend the drug to treat patients with severe COVID, an expansion from simply “those with non-severe COVID-19 […]

Republic First Bancorp Inc. FRBK, +20.08% jumped 8% in premarket trades Thursday after the company said it’s initiating a strategic review in the wake of “inquiries by multiple parties expressing interest in one or more potential strategic transactions with the company. Republic First said it set up a strategic review committee to review the recent […]

Roblox Corp. RBLX, -3.48% shares continued to decline following Thursday’s close after the social-media platform released August metrics. On Thursday, the company said that its number of daily active users rose 24% to 59.9 million for the month of August, revenue was between $208 million and $211 million, for a 22% to 24% rise from […]

Gold futures declined on Thursday to settle at their lowest price since April 2020. “Momentum and sentiment is very bearish” on expectations of a continued aggressive pace of interest rate hikes by the Federal Reserve at their meetings in November and December, said Chintan Karnani, director of research at Insignia Consultants. The Fed is expected […]

Third Harmonic Bio Inc. THRD, +18.83% received a warm Wall Street welcome Thursday, as the biotechnology company’s stock opened 20.6% above the initial public offering price. The company, which specializes in allergic and inflammatory diseases, said early Thursday that its IPO priced at $17 a share, in the middle of the expected range, as the […]

U.S. stocks opened modestly lower Thursday as investors digested fresh economic data on unemployment claims, retail sales and manufacturing. The Dow Jones Industrial Average DJIA, +0.08% edged down 0.2%, while the S&P 500 SPX, -0.35% fell 0.4% and the Nasdaq Composite COMP, -0.55% dropped 0.7%, according to FactSet data, at last check. Initial jobless claims […]

Store Capital Corp. STOR, -1.18%, a Scottsdale, Ariz.-based real estate investment trust, said Thursday it has agreed to be acquired by Singaporean sovereign fund GIC and Oak Street in an all-cash deal valued at about $14 billion. Oak Street is a unit of Blue Owl, a net lease investor. Under the terms of the deal, […]

The White House said a tentative agreement has been reached to avert a shutdown on railways. “The tentative agreement reached tonight is an important win for our economy and the American people,” said a statement attributed to President Joe Biden, who said the critical rail system will keep working and avoid disruption of our economy. […]

U.S. stocks ended slightly higher Wednesday, bouncing from Tuesday’s selloff as investors parsed fresh data on wholesale prices. The Dow Jones Industrial Average DJIA, +0.10% edged up 0.1%, while the S&P 500 SPX, +0.34% gained 0.3% and the Nasdaq Composite COMP, +0.74% rose 0.7%, according to preliminary FactSet data. The producer price index showed that […]

Shares of AMTD Digital Inc. HKD, +325.96% blasted 241.4% higher in very volatile afternoon trading Wednesday, putting them on track to snap an eight-day losing streak, even as the Hong Kong-based didn’t release any news. The stock has been halted 11 times for volatility since Wednesday’s open, as trading volume swelled to about 892,800 shares, […]