It has been a tumultuous week for Bed Bath & Beyond Inc., as the troubled company averted bankruptcy with what has been described as an “unusual” equity offering. The home-goods retailer and meme...
Tag: S&P 500 Index
Deeply inverted Treasury curve narrowly misses reaching 41-year milestone
A bond-market gauge of impending U.S. recessions fell just shy of reaching its most negative reading since October 1981, when interest rates were 19% under Paul Volcker’s Federal Reserve. That gauge, ...
PepsiCo Q4 earnings beat estimates as guidance falls short; board approves 10% dividend hike
PepsiCo Inc. PEP, +1.12% said Thursday it had net income of $518 million, or 37 cents a share, in the fourth quarter, down from $1.322 billion, or 95 cents a share, in the year-earlier period. Adjuste...
GameStop stock heads for worst day in nearly 9 months
GameStop Corp.’s GME, -11.06% stock was plunging Tuesday, reversing the gains made during Monday’s meme-stocks rally that also lifted AMC Entertainment Holdings Inc.’s AMC, -9.12% stock. The video gam...
Blink stock dives after upsized offering priced at a discount of more than 10%
Shares of Blink Charging Co. BLNK, -14.48% dove 8.4% in premarket trading Tuesday, after the electric vehicle (EV) charging company’s upsized equity offering priced at a 13.4% discount. The company ha...
U.S. stock futures nudge higher ahead of comments from Fed chief Powell
U.S. stock index futures rose on Tuesday ahead of comments from Federal Reserve Chair Jerome Powell, speaking for the first time since a blowout January jobs report caused traders to shift their inter...
Blink Charging projects revenue beat while looking to sell stock, shares fall in late trading
Blink Charging Co. BLNK, -1.39% shares sank in late trading Monday, after the electric-vehicle-charging company detailed plans to sell more shares while offering an early look at fourth-quarter result...
Goldman Sachs ups its near-term S&P 500 target due to brighter economic picture. But that could knock 25% off stocks, strategists say.
Provided there are no more economic surprises, stocks are unlikely to face a near-term meltdown and the S&P 500 could work its way back to 4,000. That’s according to a team of Goldman Sachs strate...
The next few days may reveal whether investors have been riding one big suckers rally, says this strategist.
Stocks are off to a weaker start as caution grips investors following Friday’s monster jobs beat. While subject to revisions, that 517,000 surge in U.S. jobs may have shredded hopes among some that th...
U.S. stock futures point to further losses after payrolls shocker
U.S. stock futures pointed to a second day of losses Monday after an unexpectedly strong jobs report renewed worries about how high the Federal Reserve will have to take interest rates. What’s happeni...
Why the 2023 stock market rally might depend on the U.S. dollar
The U.S. dollar may be losing its appeal as one of the few reliable safe-haven assets in times of economic and geopolitical uncertainty after an 18 month rally, and a further fall by the currency coul...
The stock-market rally survived a confusing week. Here’s what comes next.
Despite a Friday stumble, stocks ended a turbulent week with another round of solid gains, keeping 2023’s young but robust stock-market rally very much alive. But a cloud of confusion also sets over t...
Cigna stock bounces after profit tops expectations, while revenue comes up shy
Shares of Cigna Corp. CI, -3.75% bounced 1.1% in premarket trading Friday, after closing the previous session at a 3 1/2-month low, after the health insurer reported fourth-quarter profit that topped ...
Hanesbrands stock plunges toward biggest selloff in 15 years after relatively high dividend eliminated, warning of a Q1 loss
Shares of Hanesbrands Inc. HBI, -27.38% plummeted 20.7% in morning trading Thursday, putting them on track for the worst one-day performance in nearly 15 years, after the T-shirt and underwear seller ...
There’s still too much risk in stock and bond markets. Earn this easy 4.5% return while you wait for stability, says trader who hit 2 big calls in 2022.
Ahead of major tech earnings later, Meta results are lighting up the Nasdaq Composite COMP, +2.97% for Thursday. The S&P 500 SPX, +1.40% is also up as investors take a glass-half full view of the ...
Genius Group stock soars toward 5 1/2-month high after plan to issue $10 NFT coupons to shareholders
Shares of Genius Group Ltd. GNS, +33.02% soared 28.1% toward a 5 1/2-month high in premarket trading Thursday, after the the Singapore-based education company, said it will reward its shareholders by ...
ConocoPhillips stock edges up as profit and production rose, but came up shy of expectations
Shares of ConocoPhillips COP, -4.76% edged up 0.3% in premarket trading, after the energy exploration and production company reported fourth-quarter profit and production that rose, as realized prices...
Stanley Black & Decker dives after Q4 results beat expectations, but 2023 outlook is well below forecasts
Shares of Stanley Black & Decker SWK dove 4.6% in premarket trading Thursday, after the tools maker reported fourth-quarter results that beat expectations but provided a full-year profit outlook t...
Blink Charging stock jumps after ShareIntel hired to investigate potential naked short selling
Shares of Blink Charging Co. BLNK, +2.57% shot up 6.9% toward a two-month high in premarket trading Wednesday, after the maker of electric vehicle charging equipment said it hired Shareholder Intellig...
Altria tops earnings estimates for Q4, board approves $1 billion share buyback program
Altria Group Inc. MO, +4.95% said Wednesday it had net income of $2.690 billion, or $1.50 a share, in the fourth quarter, up from $1.624 billion, or 88 cents a share, in the year-earlier period. Exclu...
Morgan Stanley’s Mike Wilson warns the stock market’s January rally could end this week
A surprisingly good start for the U.S. stock market in 2023 is likely to fade this week as the Federal Reserve is set to announce its eighth consecutive rate hike at the conclusion of its policy meeti...
Genius Brands stock soars after plans to spinoff $37 million Entrepreneur Resorts subsidiary
Shares of Genius Group Ltd. soared 43.0% toward a five-month high in premarket trading Monday, after the Singapore-based education company said it will spin off its Entrepreneur Resorts Ltd. subsidiar...
GE HealthCare stock rises after reporting first results after GE spinoff, with revenue rising 8% but profit slipping
Shares of GE HealthCare GEHC, rose 1.3% in premarket trading Monday, reversing an earlier loss, after the medical technology and pharmaceutical diagnostics company reported its first results as a publ...
Asian shares mostly rise, but Hang Seng drops over 2% as Alibaba tumbles on reports of headquarter shift
BANGKOK (AP) — Shares were trading mixed in Asia on Monday after Wall Street benchmarks closed higher on Friday, capping a third week of gains out of the last four. Tokyo and Shanghai rose while Hong ...
Bed Bath & Beyond equity offering ‘one of the most unusual financing situations we have witnessed,’ analyst says
Bed Bath & Beyond Inc.’s BBBY, -8.13% unusual equity offering may have averted bankruptcy for the time being, but big challenges remain for the troubled retailer, according to KeyBanc Capital Mark...