U.S. retail sales flat in July but up 0.7% excluding gasoline and automobiles
U.S. retail sales flat in July but up 0.7% excluding gasoline and automobiles
U.S. retail sales flat in July but up 0.7% excluding gasoline and automobiles
Facebook-parent Meta Platforms Inc. plans to restrict new political advertisements in the week leading up to the U.S. midterm elections. The company won't accept the publishing of new ads about social issues, elections, or politics from Nov. 1 to Nov. 8, and it will block "most edits" on advertisements. "We are putting this restriction period in place again because we found that the restriction period achieves the right balance of giving campaigns a voice while providing additional time for scrutiny... Читать дальше...
Moderna Inc. said Wednesday that Chief Financial Officer David Meline will retire, effective Sept. 6. Moderna shares fell 0.6% in premarket trading. The biotechnology company, which has one of the approved COVID-19 vaccines, said it has appointed James Mock as CFO, also starting Sept. 6. Mock was most recently CFO of PerkinElmer Inc. for the past four years, after spending nearly 20 years in various financial oversight roles at General Electric Co. in the U.S. and abroad. "Jamey's experience... Читать дальше...
Shares of Blueprint Medicines Corp. tumbled 11.7% in premarket trading on Tuesday after the company said a Phase 2 clinical trial evaluating Ayvakit in patients with non-advanced systemic mastocytosis, a rare disorder, met the primary and secondary endpoints. However, one Wall Street analyst said he is concerned about the change in the symptom score in the Phase 2 study, compared with the Phase 1 trial. "While we think these data are approvable, they do represent a deterioration in the absolute improvement in the symptom score... Читать дальше...
Laird Superfood Inc. , a maker of plant-based foods, confirmed Wednesday that it has received an unsolicited bid from EF Hutton SPV I LLC to acquire all of its outstanding stock for $3 a share in cash. The stock closed Tuesday at $2.25. "The Laird Superfood Board of Directors will carefully review the proposal and determine the course of action that it believes is in the best interests of the Company and all Laird Superfood shareholders," the company said in a statement. It will offer no further... Читать дальше...
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Shares of TJX Companies fell 1.4% in premarket trading Wednesday, after the off-price apparel and home fashions retailer reported fiscal second-quarter profit that rose above expectations, while same-store sales fell more than forecast as "historically high inflation" hurt consumer spending, particularly for home goods. Net income for the quarter to July 30 rose to $809.3 million, or 69 cents a share, from $785.7 million, or 64 cents a share, in the year-ago period. That topped the FactSet consensus for earnings per share of 67 cents. Читать дальше...
Recessions will roll from one region to another, eventually reaching the U.S. by the end of next year, according to the latest forecasts released by Citi.
Miami-based Virgin Voyages, a cruise company led by former Disney Cruise and The World (Residences at Sea) executive Tom McAlpin, said Tuesday it closed on $550 million in new capital to support its growth. BlackRock Inc. led the round, with additional capital from existing investors including Bain Capital Private Equity and Virgin Group, the company launched by Richard Branson. The round comes after Virgin Voyages launched in August, 2021. It's now operating two ships, Scarlet Lady in the Caribbean and Valiant Lady in the Mediterranean. Читать дальше...
Shares of Analog Devices Inc. were down 2.8% in premarket trading Wednesday after the semiconductor company topped expectations with its latest results while citing strong demand but acknowledging that macroeconomic uncertainty had begun to affect bookings. The company posted net income of $749 million, or $1.44 a share, compared with $503 million, or $1.35 a share, in the year-prior period. After adjustments, Analog Devices earned $2.52 a share, up from $1.72 a year before, while analysts were... Читать дальше...
This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.
Cresco Labs Inc. said Wednesday its second-quarter loss increased to $8.3 million from $2.65 million in the year-ago period. The company did not provide a loss per share figure. Second-quarter revenue increased by 4% to $218.2 million from $210 million. Wall Street analysts were expecting Cresco Labs to generate revenue of $218.3 million, according to a FactSet survey. Cresco Labs co-founder and CEO Charles Bachtell said the company reported "solid results in the face of an unprecedented macro... Читать дальше...
Shares of Krispy Kreme Inc. sank 8.8% toward a two-month low in premarket trading Wednesday, after the donut seller reported fiscal second-quarter results that missed expectations and provided a downbeat outlook, amid "unique economic pressures" faced by consumers. The net loss for the quarter to July 3 narrowed to $3.85 million, or 2 cents a share, from $17.14 million, or 13 cents a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share fell to 8 cents from 13 cents... Читать дальше...
Bed Bath & Beyond soars another 22% premarket to lead meme stocks
Meme stock Bed Bath & Beyond Inc. soared another 22% in premarket trade Wednesday, extending its prior-day gains and a winning streak that has seen it gain 59% in the week to date. Tuesday's rally came even as yet another Wall Street analyst downgraded the stock to sell and warned investors of "unrealistic" valuations. "BBBY has recently gained the attention of retail traders in the Wall Street Bets Reddit forum again, which gained notoriety during the GameStop saga back in January 2021,"... Читать дальше...
The Geo Group Inc. said Wednesday it has received the required consents from its secured and unsecured creditors to close a series of transactions that will extend the maturities of debt that comes due in 2023, 2024 and 2026. The real estate investment trust, that specializes in prisons, said it expects the deals to close on Friday, Aug. 19. They will stagger the maturities of $2.0 billion of the the company's outstanding net debt over the next four years into the future, reducing them to about $125 million in 2023... Читать дальше...
Target stock tumbles after big profit miss, gross margins pressured
Shares of Target Corp. slumped 2.3% in premarket trading Wednesday, after the discount retailer reported fiscal second-quarter profit that fell well short of expectations, as higher markdown rates led to lower gross margins, but revenue that topped forecasts. Net income for the quarter to July 30 sank to $183 million, or 39 cents a share, from $1.82 billion, or $3.65 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of 39 cents missed the FactSet EPS consensus of 79 cents. Читать дальше...
Data from a trial seeking to determine whether multiple injections of a tuberculosis vaccine developed in the 1900s could protect high-risk diabetes patients from COVID produced some positive results, according to a New York Times report. The trial tracked COVID infections among a group of 144 participants all of whom had Type 1 diabetes, with two-thirds receiving at least 3 doses of BCG, or Bacillus-Calmette-Guerin, shots, which protect people by bolstering the immune system. The results found... Читать дальше...
Lowe's up 3% after profit beats, but total, same-store sales see surprise drop
Shares of Lowe's Companies rose 1.9% in premarket trading Wednesday, after the home improvement retailer reported fiscal second-quarter profit that topped expectations but sales that surprisingly declined, citing a "shortened spring" and lower demand in certain discretionary categories. Net income for the quarter to July 29 was $2.99 billion, or $4.67 a share, after income of $3.02 billion, or $4.25 a share, in the year-ago period, as the weighted average shares outstanding fell 7.5% to 638 million. Читать дальше...
Seeing great art doesn’t have to mean big cities and an even bigger budget. These thriving art communities are making and sharing great art in its many forms.
Your mom had a dryer that lasted 30 years. Yours busted after five. Over time, buying stuff that lasts will save you money. Here's how to do it.
Can you really invest in ways that represent your values? Here's a primer on ESG investing and some of its pitfalls.
Banking apps are becoming more advanced, and you may be missing out on special features that are available. Here are four app features to consider.
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