Author Archives: Megan Oudine

Micron to spend $150 billion in 10 years on building out memory manufacturing, stock falls
20 October, 2021

Shares of Micron Technology Inc. fell 1.3% in premarket trading Wednesday, after the memory and...

Snap, TikTok, YouTube are next up for Senate grilling on impact on kids
20 October, 2021

Executives from Alphabet Inc. parent Google’s YouTube, Snap Inc. , and TikTok are scheduled to...

Citizens net income up 69% as ROTCE rises
20 October, 2021

Citizens Financial Group Inc. said Wednesday its third-quarter net income rose to $530 million, or...

Oil futures finish higher after an unexpected weekly fall in U.S. crude inventories
20 October, 2021

Oil futures settled higher on Wednesday after the Energy Information Administration reported a weekly decline...

Gold futures post back-to-back session gains
20 October, 2021

Gold futures rose on Wednesday, settling higher for a second straight session. “Inflation concerns are...

DC AG adds Zuckerberg as defendant in lawsuit against Facebook
20 October, 2021

District of Columbia Attorney General Karl Racine on Wednesday said he has added embattled Facebook...

Private-equity firm Blackstone to acquire majority stake in Spanx, create all-female board
20 October, 2021

Blackstone Inc. said Wednesday it has agreed to acquire a majority stake in Spanx Inc.,...

The Tell: Market-implied odds of a policy error by Federal Reserve jump to roughly 40%, Credit Suisse says
20 October, 2021

Anna Moneymaker/Getty ImagesThe market-implied odds of the Federal Reserve committing a policy mistake have jumped...

E.L.F. Beauty giving workers off the week of Thanksgiving, extending summer Fridays
20 October, 2021

E.L.F. Beauty Inc. said Wednesday that it’s closing its offices from the entire week of...

Pinterest stock rockets after report says company has held merger talks with PayPal
20 October, 2021

Shares of Pinterest Inc. are up 11% in midday trading Wednesday after Bloomberg News reported...

Wendy’s will begin to shift to recycled plastic cups in 2022
20 October, 2021

Wendy’s Co. announced Wednesday that it has partnered with Berry Global , a packaging and...

Adobe forecasts a record-setting online holiday shopping season but supply chain problems making many items scarce
20 October, 2021

Adobe Inc. expects U.S. online holiday sales between Nov. 1 and Dec. 31 to reach...

Cannabis real estate lender Pelorus Equity quadruples fund size to $1 billion
20 October, 2021

Specialty lender Pelorus Equity Group Inc. on Wednesday said it’s increasing its privately held mortgage...

EIA reports an unexpected weekly decline in U.S. crude supplies
20 October, 2021

The Energy Information Administration reported on Wednesday that U.S. crude inventories fell for the first...

Stocks open slightly higher as S&P 500 attempts to extend winning streak
20 October, 2021

Stocks opened slightly higher Wednesday, as investors continued to sift through corporate earnings. The Dow...

AirSculpt Technologies sets IPO price range at $15 to $17 a share
20 October, 2021

AirSculpt Technologies Inc. on Wednesday could raise about $160 million in its upcoming initial public...

White House: Children will be able to get COVID-19 shots from their pediatricians
20 October, 2021

The White House on Wednesday announced a plan detailing how the U.S. plans to roll...

Fitch analyst says Apollo provided more clarity on Athene integration
20 October, 2021

Fitch analyst Dafina Dunmore said Apollo Global Management caught Wall Street’s attention on Tuesday when...

Sage, Biogen now plan to submit depression drug candidate to FDA in second half of 2022
20 October, 2021

Shares of Sage Therapeutics Inc. gained 0.5% in premarket trading on Wednesday, the day after...

Biogen’s stock is up on strong earnings; new Alzheimer’s drug had $300,000 in sales in Q3
20 October, 2021

Shares of Biogen Inc. were up 1.8% in premarket trading on Wednesday after the company...

Abbott Laboratories stock surges after big profit and sales beats, and upbeat full-year outlook
20 October, 2021

Shares of Abbott Laboratories rallied 2.8% in premarket trading Wednesday, after the health care company...

Express CFO Pericleous to leave next month, COO Moellering appointed interim CFO
20 October, 2021

Express Inc. said late Tuesday Chief Financial Officer and Treasurer Perry Pericleous is leaving his...

API data reportedly show a more than 3 million-barrel weekly climb in U.S. crude supplies
20 October, 2021

The American Petroleum Institute reported late Tuesday that U.S. crude supplies rose by 3.3 million...

S&P 500 retakes 4,500 and rises for fifth straight session to clinch longest win streak in 2 months; Bitcoin ETF rises
20 October, 2021

U.S. stock benchmarks on Tuesday finished solidly higher for another session, putting the main indexes...

Homeland Security Secretary Mayorkas tests positive for COVID-19
20 October, 2021

Homeland Security Secretary Alejandro Mayorkas has tested positive for COVID-19, reports said Tuesday. Mayorkas, who...