Author Archives: Megan Oudine

Market Extra: ‘Growth scare’ permeates U.S. stocks as estimated $5 trillion to $8 trillion of household wealth evaporates in five months
21 May, 2022

Four Paws/Agence France-Presse via Getty ImagesAmid a sea of red in U.S. stock markets on...

Deere stock sinks toward 15-month low as downbeat industry, supply-chain outlook trumps earnings beat
21 May, 2022

Shares of Deere & Co. plunged 14.9% toward a 15-month low in afternoon trading Friday,...

Dow, S&P 500 eke out gains Friday, but stocks book sharp weekly losses
21 May, 2022

Major U.S. stock indexes finished mostly higher Friday, eking out gains with a dramatic rally...

Gold ends flat Friday, but books first weekly gain in a month
20 May, 2022

Gold prices closed flat on Friday, but booked a weekly gain, putting an end to...

Rite Aid and its Bartell Drugs has COVID-19 boosters for 5-to-11 year olds available
20 May, 2022

Rite Air Corp. said Friday that the COVID-19 boosters for 5-to-11 year olds made by...

Deere beats profit and revenue expectations, but stock falls
20 May, 2022

Shares of Deere & Co. fell 1.8% toward a three-month low in premarket trading Friday,...

Foot Locker shares rise after profit beat
20 May, 2022

Foot Locker Inc. shares rose 4.1% in Friday premarket trading after it reported first-quarter profit...

Zymeworks rejects ‘unsolicited, opportunistic’ buyout bid by UAE-based All Blue Falcons
20 May, 2022

Shares of Zymeworks Inc. rallied 1.5% in morning trading Friday, after the biopharmaceutical company said...

Match withdraws restraining order after Google agrees to ‘various concessions’
20 May, 2022

Shares of Match Group Inc. surged 5.2% in premarket trading Friday, after the data apps...

S&P 500 slips below bear-market threshold
20 May, 2022

The S&P 500 on Friday traded below 3,837.25, the level that marks a 20% pullback...

Ollie’s Bargain Outlet gets double upgraded at BofA, as inflation sparks ‘trade-down’ to closeout merchandise
20 May, 2022

Shares of Ollie’s Bargain Outlet Holdings Inc. slipped 0.3% in morning trading Friday, but were...

Wells Fargo agrees to pay $7 million to failing to follow anti-money laundering rules
20 May, 2022

The Securities and Exchange Commission on Friday said Wells Fargo & Co. agreed to pay...

Leafly draws outperform rating as Cowen initiatives coverage of cannabis marketplace
20 May, 2022

Leafly Holdings Inc. shares rose 2.6% in premarket trades Friday after the company drew an...

Foghorn’s stock drops 23% after FDA puts partial hold on clinical trial
20 May, 2022

Shares of Foghorn Therapeutics Inc. were down 23.7% in premarket trading on Friday, the day...

Coronavirus tally: Daily COVID-19 cases tops 100,000 again and hospitalizations rise, but deaths fall to 10-mo. low
20 May, 2022

The daily average for new COVID-19 cases topped the 100,000 mark of the third straight...

Frontdoor CEO Tibbens to step down, to be succeeded by Chairman Cobb
20 May, 2022

Frontdoor Inc. said Friday that Chief Executive Rex Tibbens will step down, effective June 1,...

THG surges 24% as Candy Ventures says it may consider making an offer
20 May, 2022

Shares of THG climbed 25% in London as a potential bidding war emerged for the...

Stocks open higher as Dow heads for longest weekly losing streak since 1932
20 May, 2022

Stocks opened higher Friday, attempting to bounce at the end of what’s shaping up to...

Novavax stock drops after BofA’s bearish call
20 May, 2022

Shares of Novavax Inc. sank 8.8% in midday trading Friday, after BofA Securities analyst Alec...

Stocks end lower as S&P 500 slides toward bear-market territory
20 May, 2022

Stocks ended lower Thursday, building on the previous session’s rout as the S&P 500 fell...

Facebook parent company Meta Platforms has plans to monetize WhatsApp
20 May, 2022

Facebook parent company Meta Platforms Inc. is adding commercial services to WhatsApp so businesses can...

Coronavirus tally: CDC panel to meet to review boosters for children aged 5 to 11
19 May, 2022

A team of advisers to the Centers for Disease Control and Prevention will meet Thursday...

Spirit Airlines urges shareholders to reject JetBlue’s $30-a-share cash tender offer
19 May, 2022

Spirit Airlines Inc. said Thursday its board has unanimously determined that JetBlue Airways Corp.’s $30-a-share...

Indaptus shares jump after announcing plans to test cancer treatment in a Phase 1 clinical trial
19 May, 2022

Shares of Indaptus Therapeutics Inc. were up 21.6% in premarket trading on Thursday after the...

Near Intelligence going public on Nasdaq via SPAC merger
19 May, 2022

Near Intelligence Holdings Inc. said Thursday it plans to go public on the Nasdaq for...