Tag: Marketwatch
ProKidney LP, a cellular therapeutics company focused on kidney disease, announced an agreement to merge with special purpose acquisition company (SPAC) Social Capital Suvretta Holdings Corp. III DNAC, +0.32% in a deal that values the combined company at $2.64 billion. The deal, which will take ProKidney public, is expected to provide $825 million in cash […]
U.S. stock indexes opened sharply lower Tuesday after a three-day break, in observance of Martin Luther King Jr., with the high-growth technology sector trading sharply lower at the the start of a busy week of corporate earnings report. Meanwhile, a blockbuster tech deal was also in the spotlight, after Microsoft Corp. MSFT, -1.27% said it […]
The Organization of the Petroleum Exporting Countries, or OPEC, on Tuesday left its forecast for oil-demand growth in 2022 unchanged at 4.2 million barrels a day. OPEC, in its monthly report, said it sees total global consumption this year at 100.8 million barrels a day. Among the wealthy countries that make up the Organization for […]
Stock futures fell Tuesday, with Nasdaq-100 futures NQ00, -1.69% dropping 1% as U.S. Treasury yields shot higher across the board. S&P 500 futures ES00, -1.00% were off 0.5%, with Dow industrials futures YM00, -0.65% modestly lower. The losses came as the yield on the 10-year Treasury TMUBMUSD10Y, 1.828% climbed 5 basis points to 1.83% and […]
BlackRock Inc. BLK, -2.19% said Friday its fourth-quarter net income increased to $1.64 billion, or $10.63 a share, from $1.55 billion, or $10.02 a share, in the year-ago period. Adjusted net income rose to $10.42 a share from $10.18 a share. Revenue increased to $5.1 billion from $4.48 billion in the year-ago quarter. Analysts expected […]
JPMorgan Chase & Co. JPM, -6.15% said Friday its fourth-quarter profit fell to $10.4 billion, or $3.33 a share, from $12.14 billion, or $3.79 a share in the year-ago quarter. Managed revenue rose 1% to $30.3 billion, with reported revenue of $29.3 billion. The megabank was expected to earn $3.01 a share and generate revenue […]
Published: Jan. 14, 2022 at 7:16 a.m. ET Source: Marketwatch
Sherwin-Williams Co. shares SHW, -2.81% slid 3% in premarket trade Friday, after the paint maker lowered its fourth-quarter and full-year guidance, citing a shortage of raw materials amid supply-chain constraints and labor challenges. “While availability of some raw materials has improved slightly, others including select resins and additives specific to our professional contractor products remain […]
The World Health Organization said Friday it is recommending two new drugs as treatments for COVID-19 and said the extent to which they can save lives will depend on how widely available and affordable they will be. The agency said the first drug, baricitinib, a treatment for rheumatoid arthritis, is recommended for patients with severe […]
JPMorgan Chase & Co. JPM, -6.15% shares fell 3% in premarket trades on Friday on the heels of its fourth-quarter profit update and guidance for 2022. The bank expects 2022 net interest income of about $50 billion, which is below the latest target of $55.7 billion in a survey of analysts by FactSet. JPMorgan Chase […]