Tag: Marketwatch

Stocks gave up earlier gains Monday, with the Dow ending about 216 points lower, after Bloomberg reported on cost-cutting efforts taking shape at Apple Inc., a week before the iPhone maker reports quarterly results. The Dow Jones Industrial Average DJIA, -0.69% fell about 216 points, or 0.7%, to end near 31,071. The tech-heavy S&P 500 […]

KFC announced Monday that chicken nuggets, a staple at many fast-food chains, have landed on the menu in Charlotte, NC for a limited time. “While KFC has had bite-sized, nugget-like options like popcorn chicken and ‘Original Recipe Bites’ in the past, starting today, KFC is testing a brand-new and truly unique chicken nugget that is […]

Snap Inc.’s SNAP, +5.49% stock price target was reduced by Credit Suisse on Monday ahead of the company’s second-quarter earnings on Thursday, July 21. Credit Suisse lowered its target for the Snapchat parent to $45 from $59 amid concern about rotating advertising budgets and economic headwinds. On May 23 Snap said it will likely miss […]

Charles Schwab Corp. SCHW, +0.77% shares rose 4.7% in premarket trades Monday after the brokerage firm said its second-quarter profit rose by 42% to a record and its adjusted profit and revenue beat Wall Street estimates. The Westlake, Texas-based company said its earnings for the three months ended June 30 jumped to $1.79 billion, or […]

Europe’s biggest listing in a decade, Haleon, started trading on the London Stock Exchange on Monday. Haleon in the consumer-health business spinoff of GSK GSK, -19.64%. The combined price of Haleon, 331.7 pence, and the remaining GSK, 1,383.40 pence, of 1715.10 pence, compares to GSK’s Friday close of 1,719.20 pence. Haleon will start trading on […]

JPMorgan Chase & Co. JPM, +4.58% was upgraded to hold from sell by Berenberg, analyst Peter Richardson, who said downside risks to shares are more limited now, following disappointing results last week. “JPMorgan is operating in a difficult environment. Global uncertainty has rapidly reduced investment banking activity, and the bank’s current sources of strength, in […]

Shares of UnitedHealth Group Inc. UNH, +5.44% climbed 1.0% in premarket trading Friday, after the health care services and benefits company reported second-quarter earnings that were comfortably above expectations citing “balanced” growth across its businesses, and raised its full-year profit outlook. Net income rose to $5.07 billion, or $5.34 a share, from $4.27 billion, or […]

Published: July 15, 2022 at 6:13 a.m. ET Shares of Vertical Aerospace Ltd. , a company specializing in zero-emissions aviation, said Friday that American Airlines has confirmed delivery slots for the first 50 VX4 aircraft of an initial pre-order of up to 250 aircraft, with an option for up to 100 more. “The commitment to […]

Published: July 15, 2022 at 7:03 a.m. ET Wells Fargo & Co. shares fell 3.5% in premarket trades Friday after it said its second-quarter net income declined to $3.12 billion, or 74 cents a share, from $6.04 billion, or $1.38 a share in the year-ago quarter. Excluding an impairment of 8 cents a share for […]

Harsco Corp. stock HSC, -15.34% fell 5% in premarket trade Friday, after the environmental and waste management company issued a profit warning for the second quarter and full-year amid ‘unprecedented inflation.’ The Camp Hill, Pa.-based company is expecting a second-quarter operating loss from continuing operations of $95 million to $97 million, including a non-cash goodwill […]