Author Archives: Megan Oudine

: Chip stocks hit by report of Biden Huawei ban
31 January, 2023

Chip stocks faced even more pressure Monday following a report President Joe Biden will ban...

$5.4 billion in COVID aid may have gone to businesses using questionable Social Security numbers: report
31 January, 2023

The U.S. government may have awarded roughly $5.4 billion in COVID-19 aid to small businesses...

: UPS stock falls a day ahead of earnings report; both profit and revenue expectations were beat the past 10 quarters
31 January, 2023

Shares of United Parcel Service Inc. UPS slumped 2.5% in afternoon trading Monday, a day...

: U.S. oil prices settle at their lowest in two and a half weeks
31 January, 2023

Oil futures declined on Monday, with U.S. benchmark prices settling at their lowest in about...

: Gold futures end lower after posting gains for six weeks in a row
31 January, 2023

Gold futures ended lower on Monday after posting weekly gains over the last six consecutive...

: Johnson & Johnson stock takes a dive after WSJ report that federal appeals court rejected talc bankruptcy case
30 January, 2023

Shares of Johnson & Johnson JNJ took a dive in midday trading Monday, after The...

: Lucid stock pulls back in active trading after a record rally in the previous session
30 January, 2023

Shares of Lucid Group Inc. LCID slumped 3.1% in active morning trading Monday, a day...

: U.S. stocks open lower as investors brace for Fed meeting, earnings deluge
30 January, 2023

U.S. stocks opened lower on Monday as traders took profits ahead of a meeting of...

: Carnival sees record January booking week for Holland America Line
30 January, 2023

Carnival Corp. CCLUK:CCL said Friday that its premium cruise line Holland America Line saw record...

: Marqeta to purchase credit-card management company Power Finance for at least $223 million
30 January, 2023

Marqeta Inc. MQ plans to acquire credit-card program-management company Power Finance for at least $223...

: Microcap cannabis stock Flora Growth rallies on revenue view
30 January, 2023

Flora Growth Corp. FLGC stock rose 17% in premarket trades after the all-outdoor cultivator, manufacturer...

: EV maker Arrival to lay off half of its employees, names new CEO to effect restructuring
30 January, 2023

Arrival ARVL said Monday that it will cut its global workforce in half, to about...

: TikTok CEO to testify before House committee in March
30 January, 2023

TikTok chief executive Shou Zi Chew is scheduled to testify at a hearing of the...

: TravelCenters of America to expand EV service with Electrify America charging stations, starting in 2023
30 January, 2023

TravelCenters of America Inc. TA said Monday it has entered an agreement with Electrify America...

: Alliance Resource Partner sees strong demand for coal in 2023 as energy dynamics shift in Europe
30 January, 2023

Alliance Resource Partners LP ARLP stock is up 12% in premarket trades on Monday after...

: Moderna’s RSV vaccine gets Breakthrough Therapy status
30 January, 2023

Moderna Inc. MRNA said Monday that the Food and Drug Administration granted the company’s experimental...

: Genius Brands stock soars after plans to spinoff $37 million Entrepreneur Resorts subsidiary
30 January, 2023

Shares of Genius Group Ltd. soared 43.0% toward a five-month high in premarket trading Monday,...

: Emeren launches as new name for ReneSola, with unchanged ticker symbol
30 January, 2023

Emeren Group Ltd. SOL said Monday it’s no longer calling itself ReneSola Ltd. Its new...

: SoFi stock gains after company gives upbeat 2023 earnings forecast
30 January, 2023

Shares of SoFi Technologies Inc. SOFI were rising 7% in premarket trading Monday after the...

: Philip Morris International inks collaboration deal with South Korea’s KT&G after activist pressure
30 January, 2023

Philip Morris International Inc. PM said Monday it reached a 15-year collaboration agreement with South...

: Structure Therapeutics sets IPO terms, to be valued at up to $522 million
30 January, 2023

Structure Therapeutics Inc. has set terms for its initial public offering (IPO), as the California-based...

: GE HealthCare stock rises after reporting first results after GE spinoff, with revenue rising 8% but profit slipping
30 January, 2023

Shares of GE HealthCare GEHC rose 1.3% in premarket trading Monday, reversing an earlier loss,...

Coronavirus tally: Pandemic is still a global health emergency but may be nearing an ‘inflexion point,’ says WHO chief
30 January, 2023

The coronavirus remains a global health emergency, the World Health Organization chief said Monday, after...

: Lucid stock rockets on heavy volume, has been halted 9 times for volatility
28 January, 2023

Shares of Lucid Group Inc. LCID rocketed 62.7% in very active afternoon trading, paring an...

: Gold futures eke out a sixth straight weekly gain
28 January, 2023

Gold futures finished Friday with a modest loss, but held onto a slight gain for...