Tag: Marketwatch
Atlanta Fed President Raphael Bostic on Monday said he was not advocating for a 50-basis-point rate hike in March. Over the weekend, Bostic’s discussion of a half-point hike with the Financial Times garnered a lot of market attention. In an interview with Yahoo Finance, Bostic clarified that a half-point hike “is not my preferred setting […]
Congressman Ed Perlmutter, D., Colo., said Friday he has attached the Secure and Fair Enforcement (SAFE) Banking Act for cannabis companies to an existing bill called the America Competes Act. The America Competes Act addresses research and innovation efforts as a non-cannabis specific bill. “Cannabis-related businesses – big and small – are in desperate need […]
Raymond James analyst William J. Wallace IV on Monday downgraded shares of ConnectOne Bancorp CNOB, -3.35% to outperform from strong buy and trimmed his price estimate by $2 to $38 a share following the company’s fourth-quarter results. “Assuming net interest margin has likely peaked, it will become a headwind as the Fed starts rising rates […]
Congressman Ed Perlmutter, D., Colo., said Friday he has attached the Secure and Fair Enforcement (SAFE) Banking Act for cannabis companies to an existing bill called the America Competes Act. The America Competes Act addresses research and innovation efforts as a non-cannabis specific bill. “Cannabis-related businesses – big and small – are in desperate need […]
Canadian cannabis company Hexo Corp. HEXO, +3.68% said Monday it has received notification from the Nasdaq exchange that it is not in compliance with minimum bid price requirements, after the stock traded below $1 for 30 straight trading days. Hexo shares closed Friday at 50 cents. The company now has 180 calendar days to regain […]
Synchrony Financial SYF, -6.75% reported Friday fourth-quarter profit that matched expectations while net interest income rose above forecasts, boosted by by record purchase volume and loan growth across all sales platforms. The consumer financial services company’s stock was still inactive in premarket trading. Net income rose to $803 million, or $1.48 a share, from $728 […]
The world reached a vaccination milestone Friday of 10 billion doses administered globally, according to Our World in Data, but wealthier countries account for the vast majority of those, while poorer ones have been left behind. Only 9.8% of people in low-income countries have received a first dose, according to the data project, while wealthy […]
Chevron Corp.s shares CVX, -3.52% slid 3.7% premarket Friday, after the energy giant posted weaker-than-expected fourth-quarter profit, weighing against record earnings for the full year amid strong oil prices. Chevron posted net income of $5.1 billion, or $2.63 a share, in the quarter, swinging back from a loss of $665 million, or 33 cents a […]
Merck & Co. Inc. MRK, +0.40% and partner Ridgeback Biotherapeutics said Friday that data from six preclinical studies of its molnupiravir COVID-19 pill showed “consisent antiviral activity” against the omicron variant of the coronavirus that causes COVID-19. The preclinical studies were conducted independently in Belgium, Czech Republic, Germany, Poland, the Netherlands and the U.S. Molnupiravir […]
Colgate-Palmolive Co. CL, +0.42% reported fourth-quarter net income of $148 million, or 18 cents per share, down from $647 million, or 75 cents per share, last year. Adjusted EPS of 79 cents was in line with the FactSet consensus. Sales of $4.403 billion were down from $4.324 billion last year and just missed the FactSet […]