Tag: Marketwatch

JPMorgan Chase & Co. JPM, -0.80% shares rose 0.3% in aftermarket trading on Monday after the bank said it will keep its third-quarter dividend at $1 a share as it channels more capital to complete the Federal Reserve’s 2022 annual stress test process. The bank’s stress capital buffer (SCB) requirement is now 4%, up from […]

Ceragon Networks Ltd. CRNT, -5.43% shares surged in the extended session Monday after Aviat Networks Inc. AVNW, -2.08% offered to acquire the wireless telecom equipment company and shake up its board. Ceragon shares rallied more than 20% after hours, following a 5.4% decline to close the regular session at $2.09, for a market cap of […]

JetBlue Airways Corp. JBLU, +1.62% upped its proposal to buy Spirit Airlines Inc. SAVE, -7.95% again, trying to outdo Frontier Group Holdings Inc. ULCC, -11.20%, which sweetened its own offer for the ultra low-cost airline late Friday. JetBlue raised the fee it would have to pay Spirit if the deal wouldn’t clear antitrust to $400 […]

U.S. stocks closed lower on Monday as a strong batch of durable-goods data appeared to contradict signs of a slowing economy. The Dow Jones Industrial Average DJIA, -0.20% closed 61.10 points, or 0.2%, lower at 31,439.50. The S&P 500 SPX, -0.30% shed 11.39 points, or 0.3%, to 3,900.35. The Nasdaq Composite COMP, -0.72% dropped 101.10 […]

Read Next Tesla, Rivian and Nio stock price targets cut on supply chain troubles, Shanghai shutdowns Mizuho analyst Vijay Rakesh became little less bullish on electric vehicle makers Tesla Inc. undefined, Rivian Automotive Inc. undefined and China-based NIO Inc. undefined on Monday, citing the negative effects of continued COVID-19-related Shanghai shutdowns and supply chain constraints. […]

The U.S.-listed shares of Siemens AG SIEGY, +0.65% SIE, +0.64% rose 0.7% in midday trading Monday, after Clearlate Capital Group L.P. announced an agreement to sell North Carolina-based Brightly Software Inc. to the Germany-based diversified technology company for $1.88 billion. The terms of the deal, which is expected to close in the second half of […]

U.S.-listed shares of JD.com Inc. JD, +4.05% were rallying about 4% in Monday morning trading after Dutch internet holding company Prosus NV PRX, +15.47% disclosed that it sold its stake in the Chinese e-commerce company for $3.7 billion. “This was a big overhang that investors were avoiding JD on long side, but now that it […]

Shares of Carnival Corp. CCL, +12.44% CCL, +3.44% fell 0.7% in premarket trading Monday, after Stifel Nicolaus analyst Steven Wieczynski “drastically” lowered his estimates to take account for the negative effects of a potential recession on the cruise operator. The stock pulled back after soaring 12.4% on Friday on the back of an upbeat business […]

Pfizer Inc. PFE, +2.99% and BioNTech SE BNTX, +1.32% said over the weekend that the change they made to their COVID-19 vaccine that targets the omicron variant is both safe and effective. The announcement comes as the U.S. Food and Drug Administration considers this week if it should order a formula change for vaccines in […]

Bausch Health Companies Inc. BHC, +20.36% disclosed Friday that Joseph Papa has resigned from the board of directors as of June 23. The specialty pharmaceutical company named John Paulson as its chairperson of the board. The company said Papa’s resignation from the board “was not due to any dispute or disagreement” with management or with […]