Tag: Marketwatch

Shares of video gaming software company Unity Software Inc. U, +3.86% rallied 11.0% in premarket trading, while Applovin Corp.’s stock APP, -12.41% tumbled 10.0%, after Applovin said it submitted and unsolicited bid to buy Unity in an all-stock deal with an enterprise value of $20 billion. Under terms of the deal, marketing software company Applovin […]

William Watts is MarketWatch’s senior markets writer. Based in New York, Watts writes about stocks, bonds, currencies and commodities, including oil. He also writes about global macro issues and trading strategies. Before moving to New York, he reported for MarketWatch from Frankfurt, London and Washington, D.C. Source: Marketwatch

Micron Technology MU, -1.62% said it was planning to invest $40 billion through the end of the decade and create as many as 40,000 jobs in what it called the largest-ever investment in U.S. memory chip manufacturing. Micron said it’ll use grants and credits made possible by the CHIPS and Science Act and begin production […]

The S&P 500 SPX, -0.12% and the Nasdaq Composite COMP, -0.10% are moving lower in afternoon trading Monday, but market internals are firmly bullish. The number of advancing stocks are outnumbering decliners by 1,998 to 1,032 on the New York Stock Exchange (NYSE) and by 2,508 to 1,672 on the Nasdaq, and volume in advancing […]

U.S. stocks closed mostly lower Monday, but only slightly changed from Friday’s finish as investors awaited a highly anticipated update on U.S. inflation. The Dow Jones Industrial Average DJIA, +0.09% added about 28 points, or 0.1%, closing near 32,831, after briefly topping the 33,000 mark earlier Monday. The S&P 500 index SPX, -0.12% shed 0.1%, […]

Singer and actress Olivia Newton-John died Monday at age 73, her husband said in a statement posted to her official Facebook page. The singer, born in England, is known for her role in “Grease” and songs including “I Honestly Love You.” “Olivia has been a symbol of triumphs and hope for over 30 years sharing […]

Shares of Clover Health Investments Corp. CLOV, +4.29%, which offers insurance plans to Medicare Advantage members, were off more than 6% in after-hours trading Monday after the company delivered a mixed earnings report and disclosed that its chief executive would be stepping down from that post at year’s end. The company posted a net loss […]

Shares of Freshpet Inc. FRPT, +3.47% were down more than 11% in after-hours trading Monday after the maker of pet foods cut its earnings forecast for the full year, acknowledging pressures from inflation and operating challenges. The company logged a net loss of $20.6 million, or 45 cents a share, compared with a loss of […]

Shares of Lemonade Inc. LMND, +4.32% were up more than 8% in after-hours trading Monday after the company, which provides renters’ insurance, car insurance, and more, posted a narrower loss than expected and signaled that it was slowing spending growth. The company generated a net loss of $67.9 million, or $1.10 a share, compared with […]

Turtle Beach Corp.’s HEAR, -0.99% board decided not to sell the company for now, and shares plunged more than 30% in after-hours trading Monday as the company revealed worse than expected financial results and reduced its annual guidance. Leaders of the company, which sells headphones made for videogame systems as well as other gaming gear, […]