Category: Stock Market
Walgreens Boots Alliance WBA, -1.24% said Wednesday it will pay about $5 billion as part of a framework to resolve “a substantial majority” of opioid-related lawsuits with some states and Native American tribes, according to a securities filing. That includes $4.79 billion over 15 years to participating states and $154.5 million over 15 years to […]
Shares of Hubspot Inc. HUBS, -9.17% were up more than 10% in after-hours trading Wednesday after the marketing-software company exceeded expectations with its latest results and issued an upbeat profit forecast. The company posted a net loss of $31.4 million, or 65 cents a share, compared with $13.7 million, or 29 cents a share, in […]
Traders of interest-rate futures are pricing in nearly 60% odds of a 50 basis-point interest-rate hike from the Federal Reserve in December as investors anticipate that Wednesday’s 75 basis point hike will be the last of its size for this cycle. Fed funds futures traders were pricing in 59.4% odds of a 50 basis point hike in […]
Gold futures settled with a modest gain on Wednesday, then moved higher in electronic trading after the Federal Reserve announced a hike in the fed funds rate of 75 basis points to the 3.75% to 4% range. December gold GCZ22, -0.67% was at $1,666.80 an ounce in electronic trading shortly after the announcement. That follows […]
U.S. stocks turned sharply higher on Wednesday after the Federal Reserve fired off another 75 basis point rate increase in an attempted to cool inflation that’s been tough to coax down from a four-decade high. The Dow Jones Industrial Average DJIA, -1.55% was up 322 points, or 1%, trading near 32,977. The S&P 500 index […]
Shares of the U.S.’s largest banks moved higher into positive territory on Wednesday after the U.S. Federal Reserve hiked its key lending rate by 75 basis points as expected. JPMorgan Chase & Co. JPM, -0.92% rose 1.3%, Goldman Sachs Group Inc. GS, +0.35% advanced by 1.9%, Citigroup Inc. C, -1.45% rose 1.3%, Morgan Stanley MS, […]
Coinbase Global Inc. COIN, -4.08% disclosed Wednesday that its chief product officer, Surojit Chatterjee, will step down from that position as of Nov. 30, though he will stay in an advisory role at Coinbase at least through Feb. 3, 2023. The change was “mutually agreed” upon by both Chatterjee and the company, according to a […]
Shares of Altice USA Inc. ATUS, -6.57% fell after hours on Wednesday, after the broadband and video-services provider reported third-quarter results that missed expectations. The company, whose offerings are available largely in the New York metropolitan area and in the south-central U.S., reported net income of $97.6 million, or 19 cents a share, compared with […]
Shares of Lumen Technologies Inc. LUMN, -5.11% fell more than 13% in the extended session Wednesday after the telecommunications company reported a quarterly miss. Lumen earned $578 million, or 57 cents a share, compared with $544 million, or 51 cents a share, in the third quarter of 2021. Excluding one-time items, Lumen earned 14 cents […]
Shares of Vimeo Inc. VMEO, -9.73% were up more than 10% in after-hours trading Wednesday after the maker of video tools forecast a narrower-than-expected loss for the year. The company notched a net loss of $21.4 million, or 13 cents a share, compared with a loss of $11.7 million, or 7 cents a share, in […]
