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Market Pulse USA NEWS. Stock Market NEWS Updated Daily

Market Pulse USA NEWS. Stock Market NEWS Updated Daily

This NEWS section covers current news for stock markets. To view latest news about specific stocks, please browse to the desired stock pages. Click one of the exchanges in the menu above and then use the search box to find your desired stock.

Market Pulse USA NEWS. Stock Market NEWS Updated Daily

: Birkenstock’s stock rises above IPO issue price for the first time

Birkenstock holdings plc’s stock birk reached its initial public offering issue price for the first time on wednesday, about a month and a half after hitting markets. the stock has traded in a range of .15 to .24 so far in the session. surpassing i
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-29

: EIA reports weekly gains in U.S. crude and product supplies

The energy information administration on wednesday reported that u.s. commercial crude inventories rose by 1.6 million barrels for the week ending nov. 24. on average, analysts polled by s&p global commodity insights expected the report to show a decline o
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-29

: JPMorgan’s Jamie Dimon sees lower odds of a soft landing than others

Jpmorgan chase & co. jpm chief executive jamie dimon said wednesday he’s less certain than others that the u.s. economy may avoid a recession, according to the new york times live blog of his appearance at the 2023 dealbook summit. dimon said he’s givi
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-29

: 2-year Treasury yield falls below 4.6% and is on track for lowest level since at least July

Market pulse stories are rapid-fire, short news bursts on stocks and markets as they move. visit marketwatch.com for more information on this news.
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-29

: Traders price in almost 78% chance that Fed will cut rates by May

Win mcnamee/getty imagesfed funds futures traders are lifting the likelihood of at least a quarter-point rate cut from the u.s. central bank by may, driven by optimism that inflation will continue to fall.that likelihood was seen at 77.9% as of wednesday m
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-29

: U.S. stocks open higher after GDP report as Treasury yields fall

U.s. stocks opened higher on wednesday as treasury yields fell and investors digested an estimate on economic growth in the third quarter that was revised higher. the dow jones industrial average djia was up 0.1% soon after the opening bell, while the s&p
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-29

: Rover’s stock rockets after .3 billion cash buyout deal with Blackstone

Shares of rover group inc. rovr rocketed 27.1% in premarket trading, putting them on track for a record one-day gain, after the online pet-care marketplace announced an agreement to be acquired by blackstone inc. bx in a cash deal valued at .3 billion. u
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-29

: Bed Bath & Beyond parent names co-chairs as management mandates ‘intense’ restructuring

Shares of beyond inc. byon jumped 7.3% toward a two-month high in premarket trading wednesday, after the parent of bed bath & beyond and the company formerly known as overstock said chairperson allison abraham will now share the chairperson title with dire
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-29

: Phillips 66′ stock soars 6% after Elliott Management discloses billion stake and says it sees 75% upside

Phillips 66’s stock psx rose 6% in premarket trade wednesday, after elliott investment management lp said it has accrued a roughly billion investment in the energy company and sees potential upside of about 75%. the hedge fund of activist investor pau
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-29

: Open Text selling unit to Bain Capital-backed Rocket Software for .28B

Open text corp.’s stock otex was up by 2% in premarket trading on wednesday, a day after the company said it would sell its amc business unit to rocket software inc., a bain capital portfolio company, for .28 billion in cash. opentext’s amc unit spec
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-29

: Martha Stewart launches CBD line with backing from Canopy Growth, Marquee Brands

Martha stewart cbd on wednesday unveiled a line of cbd edibles offering aid in sleep and other potential wellness benefits, with backing from canopy growth corp. cgcca:weed as well as marquee brands, a licensing and development company backed by neuberger
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-29

: Citi Trends swings to much wider-than-expected loss, citing a ‘more selective’ customer base

Urban fashion apparel retailer citi trends inc. ctrn reported tuesday that it swung to a much wider-than-expected third-quarter loss on sales that fell more than forecast, as a more selective customer navigates higher costs of living. the net loss for the
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-28

: PDD’s stock rockets as company crushes estimates, sees revenue nearly double

Shares of pdd holdings inc. pdd were soaring 16% in premarket trading tuesday after the chinese e-commerce company blew past expectations for its latest quarter. the company reported third-quarter net income of rmb15.5 billion (.1 billion), or rmb10.60 p
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-28

: Avidity’s stock soars on news of expanded collaboration with Bristol Myers that includes potential to receive up to .2 billion in milestone payments

Avidity biosciences inc. rna said tuesday it’s expanding its cardiovascular collaboration with bristol myers squibb co. bmy in a deal that will see avidity receive 0 million upfront with the potential to earn up to .2 billion in milestone payments.
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-28

: Novavax’s stock pops after WHO grants its COVID-19 vaccine emergency-use listing

Novavax inc.’s stock nvax soared 4.6% early tuesday, after the company said its protein-based covid-19 vaccine had been granted emergency-use listing by the world health organization. the move means that all 194 of the agency’s member states can use t
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-28

: Boeing upgraded to outperform at RBC on hopes for 787, MAX

Boeing ba was upgraded to outperform from sector perform at rbc capital markets, which lifted its price target to 5 from 0. “after another year of supply chain disruptions and lowered expectations, we believe the set-up into 2024 is favorable,” s
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-28

: Unity Software to close corporate offices in 14 locations

Unity software inc. u, a developer of 3-d tools for virtual reality, said on tuesday that it planned to close corporate offices in around 14 locations, as it “evaluates its real estate footprint.” the company — whose software is used by artists and d
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-28

: Apple scotches credit-card partnership with Goldman Sachs: report

Apple inc. aapl is calling it quits on its credit-card partnership with goldman sachs group inc. gs, ending the wall street bank’s push into consumer lending, according to a wall street journal report tuesday. the iphone maker sent a proposal to goldman
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-28

: Farfetch to skip scheduled earnings amid going-private reports

Luxury fashion e-commerce company farfetch ltd. ftch said late tuesday it won’t announce its third-quarter financial results on wednesday as scheduled, saying only it will provide a “market update in due course.” shares of farfetch rose 15% in the ex
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-28

: Cessna-maker Textron plans to cut 725 positions, or 2% of workforce

Textron inc. txt, the company that makes cessna airplanes and other aircraft, said on tuesday that it would cut around 725 positions, or 2% of its global staff, following reduced product demand for some of its businesses. the company, in a filing, cited �
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-28

: Leslie’s stock tanks 15% after pool supplier forecasts rougher 2024

Shares of leslie’s inc. lesl fell 15% in the extended session tuesday after the supplier of spa and pool products reported fourth-quarter earnings below expectations and called for 2024 revenue and profit also below wall street forecasts. leslie’s earn
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-28

: NetApp stock rallies on upbeat full-year outlook

Shares of netapp inc. ntap jumped 9.7% after hours on tuesday after the data and storage software company forecast more upbeat profit and sales trends for its full fiscal year. management said it expected revenue for the full year to be down “approximate
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-28

: Intuit’s stock is on the rise after revenue. earnings beats

Intuit inc.’s intu stock inched up nearly 1% in extended trading tuesday after the software company reported quarterly results that topped analyst revenue and earnings estimates. intuit reported fiscal first-quarter net income of 1 million, or 85 cent
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-28

: Dow Jones ends about 80 points higher as U.S. bond yields keep falling

U.s. stocks posted modest gains on tuesday, resuming a strong rally in november that has been propelled by tumbling u.s. bond yields. the dow jones industrial average djia closed up about 83 points, or 0.2%, ending near 35,416, according to preliminary fac
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-28

: U.S. oil futures post first gain in 5 sessions

U.s. oil futures climbed on tuesday, logging their first gain in five sessions as traders continued to weigh potential outcome scenarios for thursday’s meeting of the organization of the petroleum exporting countries and their allies. the group of major
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-28

: Amazon, Nvidia expand AI partnership

Amazon.com inc. amzn and nvidia corp. nvda said tuesday they will expand their ai partnership. under the accord, nvidia and amazon web services will team up to design what they claim is the world’s “fastest gpu-powered ai supercomputer,” which will b
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-28

: Bob Iger walks back comments about asset sales

Walt disney co. dis chief executive bob iger on tuesday downplayed his previous comments that suggested some major assets might be for sale. “i knew that there were a myriad of challenges…i must say there were many more of them than i expected,” iger
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-28

: Bank of America hit with million CFPB fine for false reporting

The consumer financial protection bureau (cfpb) has slapped bank of america corp. bac with a million fine for reporting false mortgage lending data, the agency said tuesday. the cfpb said that bank of america failed to ask some required demographic que
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-28

: Merck raises quarterly dividend to 77 cents vs. 73 cents

Merck & co. inc. mrk said tuesday its board has raised its quarterly dividend to 77 cents. the dividend was previously 73 cents. the new dividend is payable jan. 8 to shareholders of record as of dec. 15. the stock has fallen 9% in the year to date, while
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-28

: Treasury’s billion auction of 7-year notes was poorly received, trader says

Tuesday afternoon’s sale of 7-year treasury notes was met with poor to lukewarm demand. the billion auction was a “fairly ugly auction based on where things were at 1 p.m. eastern time,” with primary dealers taking a larger-than-usual chunk of th
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-28

: Crocs’ stock runs up toward a 3 1/2-month high after Raymond James recommends going all in

Shares of crocs inc. crox jumped 4.5% toward a 3 1/2-month high in morning trading tuesday, after raymond james’ rick patel said he was even more bullish on the footwear maker, citing valuation and “increasing confidence” that results will keep impro
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-28

: S&P cuts Goodyear’s credit rating further into junk as overhaul will be costly and free cash flow negative for some time

S&p global ratings downgraded goodyear tire & rubber co.’s gt issuer credit rating by one notch to b+ on tuesday after the company announced a two-year strategic overhaul aimed at bolstering profitability. “while we view the strategic initiatives as a
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-28

The Fed: Fed’s Waller says economy is slowing, unsure if more rates hikes needed to tame inflation

Getty imagesfederal reserve gov. chris waller said recent signs of a slowdown in the economy could help return inflation to the central bank’s 2% target, but he said it’s unclear if further interest rate hikes are off the table.market pulse stories are
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-28

: Boise Cascade to cut back lumber production in Alabama, affecting 80 jobs

Shares of boise cascade co. bcc fell 0.8% in morning trading tuesday, to pull back from the previous session’s record close, after the wood products maker announced an “indefinite curtailment” of lumber production at chapman, ala. plant. the company
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-28

: U.S. stocks open mostly lower, with S&P 500 falling slightly ahead of Fed speakers

U.s. stocks opened mostly lower tuesday, with the s&p 500 heading for a potential back-to-back decline, as investors await remarks from federal reserve officials. the dow jones industrial average djia was up less than 0.1% soon after the opening bell, whi
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-28

: Micron raised profit and revenue guidance, but stock takes a dive

Shares of micron technology inc. mu took a 3.4% dive in premarket trading, even after the memory chip maker updated its fiscal first-quarter outlook, which included improved guidance for revenue and earnings per share. just before the guidance update, the
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-28

: Shopify’s merchants see record BFCM sales of .3 billion, but stock pulls back

Shares of shopify inc. shop fell 1.2% in premarket trading tuesday, to pull back from the previous session’s 20-month closing high, even as the e-commerce software company said its retail merchants enjoyed record sales over the black friday-cyber monday
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-28

: PG&E’s stock powers up toward a 4-year high after plan to pay first dividend in more than 6 years

Shares of pg&e corp. pcg powered up 2% toward a four-year high in premarket trading tuesday, after the california-based gas and electric utility said it was reinstating its dividend. the company said shareholders of record on dec. 29 will receive a penny f
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-28

: Macy’s names ex-Caesars Entertainment exec Sharon Otterman chief marketing officer

Macy’s inc. m said tuesday it has named sharon otterman as its chief marketing officer, effective dec. 11. otterman comes to the role from caesars entertainment inc. czr, where she also served as cmo and was responsible for launching the casino operator�
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-28

: Nio’s stock bounces off 3-year low, heads for first gain in 5 days

Shares of nio inc. nio bounced 0.8% off a more than three-year low in premarket trading tuesday. the china-based electric vehicle maker’s stock had dropped 7.8% amid a four-day losing streak to close monday at the lowest price since june 26, 2020. the st
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-28

: Adobe’s stock falls after U.K.’s CMA said billion Figma purchase raises competition concerns

Shares of adobe inc. adbe fell 0.6% in premarket trading tuesday, after the u.k.’s competition & markets authority said the california-based software company’s proposed billion deal to buy design tools maker figma was expected to result in a “sub
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-28

: Tesla investors brace for unveiling of Cybertruck on Thursday

Tesla inc.’s stock tsla was up 0.4% premarket, as investors braced for the unveiling this week of its much-awaited cybertruck, which should show doubters that chief executive elon musk can expand the company’s halo effect. that’s according to wedbush
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-28

: Citi Trends’ stock tumbles after apparel retailer swung to a much wider-than-expected loss, citing a ‘more selective’ customer base

Shares of citi trends inc. ctrn plunged 12.9% in premarket trading tuesday after the urban fashion apparel retailer reported that it swung to a much wider-than-expected fiscal third-quarter loss on sales that fell more than forecast, as a more selective cu
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-28

: Canada Goose acquires first European manufacturing plant in Romania, stock pops premarket

Canada goose holdings inc.’s stock goos rose 2.8% premarket tuesday, after the maker of luxury outerwear said it’s acquired it’s first manufacturing facility in europe. the plant called paola confectii is based in romania and has been a partner in ma
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-28

: Fast-fashion giant Shein files for IPO, WSJ reports

Fast-fashion giant shein has confidentially filed for a u.s. ipo that could take place next year, the wall street journal reported on monday. the company, founded in china before relocating to singapore, has tapped goldman sachs, jpmorgan chase and morgan
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-27

: Dow Jones, S&P 500 end lower, hitting pause on November rally

U.s. stocks closed lower on monday, taking a breather from a powerful rally sweeping through the stock market in november. the dow jones industrial average djia shed about 56 points, or 0.2%, to end near 35,333, according to preliminary factset data. the s
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-27

: Oil futures finish lower as traders weigh potential OPEC+ meeting outcomes

Oil futures declined on monday, but settled above the session’s lows, as traders mulled the potential outcome of a key meeting of opec+ later this week. traders will be trying to predict what sort of action will be taken at the nov. 30 meeting and the im
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-27

: IRobot’s stock sinks after European regulators express concerns about Amazon deal

Shares of irobot corp. irbt were falling nearly 20% in monday afternoon trading after the european commission said it informed amazon.com inc. amzn that its pending deal for the maker of robot vacuum cleaners (rvcs) may harm competition. “amazon may have
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-27

: AbbVie says FDA has granted breakthrough therapy designation to epcoritamab for a type of lymphoma

An earlier version of this article had a typo in the name of the therapy, epcoritamab. it has been corrected.abbvie inc. abbv and partner genmab said monday the u.s. food and drug administration has granted breakthrough therapy designation, or btd, to thei
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-27

: U.S. stocks open lower as rally pauses after 4-week winning streak

U.s. stocks opened marginally lower on monday following a torrid four-week winning streak that has left the s&p 500 up more than 8.5% since the start of november, according to factset data. the s&p 500 spx was off by 8 points, or 0.1%, at 4,550 shortly aft
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-27

: Electric-vehicle truck maker Lion Electric Co. cutting 150 jobs

The lion electric co.’s stock lev fell 5% on monday in premarket trading after it said it will reduce its work force by 150 people or 10% of its total head count to cut costs and move toward profitability. the job cuts come from the ev truck maker’s pr
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-27

: iHeartMedia ‘s stock rises as company sets gain from BMI sale

Iheartmedia inc.’s stock ihrt rose 4% in premarket trading on monday after the media company said it would book a 0 million in proceeds for its equity interest in broadcast music inc. (bmi) as part of the sale of bmi to a shareholder group led by new
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-27

: Roivant Sciences shares drop as lupus treatment misses trial goal

Roivant sciences ltd. shares roiv fell 3% premarket on monday after the company said the experimental treatment brepocitinib failed to meet its main goal in a trial involving patients with moderate to severe lupus. due to the high placebo response rate see
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-27

: Kraft Heinz board approves billion share buyback program

Kraft heinz co.’s khc board has approved a share buyback program of up to billion, the company said monday. the news comes after the food company met its net leverage target of about 3.0times in the third quarter. “a stronger balance sheet, along wi
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-27

: Crown Castle’s stock climbs after activist investor calls for leadership change given ‘breathtaking’ underperformance

Shares of crown castle inc. cci climbed 5.7% toward a four-month high in premarket trading monday, after activist investor elliott investment management lp called for “significant changes,” including new executive and board leadership and a review of i
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-27

: Canadian cannabis company Cronos Group sells Peace Naturals campus for about M

Cronos group inc. ca:croncron said monday it agreed to sell its 90-acre peace naturals cannabis campus in stayner, ontario, for c million (.87 million) as part of a sale leaseback transaction with future farmco canada inc., a vertical farming busines
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-27

: E.l.f. Beauty remains top pick at D.A. Davidson with Black Friday sales putting company on track to beat full-year consensus

E.l.f. beauty inc. elf remains d.a. davidson’s top pick and could beat consensus estimates for fiscal 2024, after the beauty brand’s point-of-sales tracked at up 43.3% in november from a year ago. that suggests consensus sales growth of about 42% is �
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-27

: Shopify’s stock shoots up toward 19-month high, fueled by strong online holiday shopping data

Shares of shopify inc. shop shot up 3.3% toward a 19-month high in premarket trading monday, fueled by data suggesting online holiday shopping got off to a strong start on black friday. the stock has already oared 49.1% during november through friday, whic
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-27

: GE HealthCare’s stock slides premarket after UBS downgrade to sell

Ge healthcare technologies inc.’s stock gehc fell 2.8% in premarket trade monday, after ubs downgraded the stock to sell from neutral and cut its price target to from . analysts led by graham doyle said a combination of slower order momentum, tou
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-27

: Stocks score 4th straight weekly gain in holiday-shortened trading

Stocks ended mostly higher in a subdued, abbreviated trading session friday, with major indexes scoring a fourth straight weekly rise. trading closed at 1 p.m. eastern time after u.s. markets were closed thursday for thanksgiving day. the dow jones industr
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-24

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