Tag: Marketwatch

The numbers: A key gauge of U.S. inflation rose a sharp 1% in June, led by higher fuel prices, in a sign that price pressures in the economy are still intense and unlikely to relent quickly. The increase in the so-called personal-consumption price index exceeded Wall Street’s forecast. Economists had predicted a 0.9% advance. A […]

Shares of Moderna Inc. MRNA, +3.81% gained 3.8% in premarket trading on Friday after the company said the U.S. will buy 66 million doses of a bivalent COVID-19 booster candidate that can better protect against the BA.5 strain. That vaccine is not yet in clinical trials but studies are expected to begin “in the near […]

Shares of AbbVie Inc. ABBV, -4.17% were down 1.3% in premarket trading on Friday though the company met earnings and revenue expectations for the second quarter of the year. AbbVie had earnings of $924 million, or 51 cents per share, in the second quarter of this year, compared with $766 million, or 42 cents per […]

S&P Global Ratings downgraded Weber Inc.’s WEBR, -2.75% credit ratings further into high-yield, or junk territory, on Friday, and placed them on CreditWatch negative, meaning they could downgrade them again in the medium term. The rating agency cut the grill maker’s issuer credit rating to CCC+ from B. The move came after Weber warned that […]

Benchmark analyst Mike Hickey on Friday downgraded Tilray Brands Inc. TLRY, to sell and set a price target of $3 a share after the cannabis company disclosed retail market share losses in Canada to 8.3% in its fiscal fourth quarter, from 10.2% in the third quarter and 12.8% in the second quarter. “We are not […]

U.S. stocks are trading higher Friday morning, with all three major benchmarks heading for weekly gains as investors weigh the latest inflation reading as well as earnings results from Apple Inc. and Amazon.com Inc. The Dow Jones Industrial Average DJIA, +0.97% was trading up 0.1% soon after the opening bell, while the S&P 500 SPX, […]

TrueCar Inc. TRUE, -1.53%, the online used and new car buying and selling company, said it expects total new vehicle sales of 1.12 million vehicles in July, down 10% from a year ago and down 2% from June, when adjusted for the same number of selling days. The company also estimates the seasonally adjusted annualized […]

Twitter Inc. TWTR, +1.76% and Tesla Inc. TSLA, +5.78% Chief Executive Elon Musk officially have a court date for their merger trial. Chancellor Kathaleen McCormick of the Delaware Chancery Court has set the trial for Oct. 17, according to an order filed late Thursday. The trial is scheduled to run through Oct. 21. McCormick earlier […]

Shares of Bausch Health Companies Inc. BHC, -9.41% dropped 7.8% in morning trading Friday, toward a 27-year low, after the drug and medical device maker confirmed a disappointing court decision regarding its patents protecting Xifaxan for treating irritable bowel syndrome. The stock had plunged 41.2% on Thursday after Bloomberg reported that some of the patents […]

Shares of Amazon.com Inc. AMZN, +10.36% shot up 11.8% in morning trading Friday, in the wake of second-quarter results, to put them on for the best one-month gain in more than 15 years. The stock has run up 28.8% in July, to snap a three-month losing streak in which it tumbled 34.8%, amid growing concerns […]