Tag: Marketwatch
Palo Alto Networks Inc.’s PANW, -0.45% three-for-one stock split went into effect Tuesday following the cybersecurity company’s announcement during its quarterly earnings report in late August. Shares opened at $183.75 Tuesday and were last down 1% from Monday’s split-adjusted close of $182.96, for a year-to-date of about 2% decline, compared with a 23% fall in […]
Twilio Inc. TWLO, +4.53% said Wednesday that its board of directors has approved a restructuring plan that will see the company cut about 11% of its staff. The company, which makes software for customer communications, expects to take a $70 million to $90 million charge related to the restructuring plan and reflective of costs around […]
Merchants such as Target Corp. [s] and Walmart Inc. WMT, -2.06% signed on to a letter asking Congress to pass a law that would require options for the routing of credit-card transactions over alternative networks, according to The Wall Street Journal. Sen. Dick Durbin, an Illinois Democrat, and Sen. Roger Marshall, a Kansas Republican, who […]
U.K.-based Ocado Group OCDO, -2.89% was cut to underperform from neutral, with its price target slashed 39% by Credit Suisse analysts on Wednesday. The online grocer and retail-technology specialist on Tuesday reported higher revenue in the third quarter of fiscal 2022, but forecast a sales drop due to inflationary pressures on consumers. A team of […]
Tuesday’s August consumer-price index report, which showed “very stubborn” pressure remaining in the gauge which excludes food and energy, “is a game changer in terms of Fed expectations,” Jefferies economists Aneta Markowska and Thomas Simons said in a note. They said a 4% terminal fed funds rate, the level at which the Fed is seen […]
Paramount Global PARA, -7.15% is mulling ending its Showtime streaming service, and folding its content into its Paramount+ service, according to a report in The Wall Street Journal. Citing people familiar with the situation, the WSJ report said the discussions surrounding the move, which would help streamline Paramount’s offerings, are still early. The report of […]
Paccar Inc. PCAR, -2.58% said Tuesday it will raise its quarterly dividend by 8.8%, 37 cents a share from 34 cents a share. The maker of trucks, under brands including Kenworth and Peterbilt, said the new dividend will be payable Dec. 6 to shareholders of business on Nov. 15. The stock fell 2.5% in afternoon […]
The CBOE Volatility Index, otherwise known as the VIX, or Wall Street’s “fear gauge”, surged Tuesday morning as U.S. stocks plunged in the wake of a “game-changing” August inflation report. The VIX, which is derived from movements in near-dated S&P 500 options, was up nearly 9% on the session at 26 VIX, +7.71% as U.S. […]
Peloton Interactive Inc. PTON, -7.10% announced Tuesday that its rental program was expanding nationally, allowing unlimited access to all of the at-home fitness company’s live and on-demand classes from $89 per month for the original Peloton Bike. The program, which was launched in select test markets earlier this year, would provide month-to-month membership, with no […]
Viavi Solutions Inc. VIAV, +2.52%, a provider of testing and monitoring equipment for networks, announced Tuesday that its board has approved a stock buyback program of up to $300 million. The new program replaces the former $200 million authorization which expires Sept. 30. The Chandler, Ariz.-based company also reaffirmed its first-quarter guidance for revenue of […]