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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

: Wave Life Sciences stock slides 31% after company prices 0 million secondary share offering

Wave life sciences ltd.’s stock wve tumbled 31% thursday, after the clinical-stage pharma company priced a 0 million secondary share offering at a share, or a discount over its closing price wednesday at .87. the company sold 20 million shares in
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-07

: EIA reports a slightly bigger-than-expected weekly fall in U.S. natural-gas supplies

The u.s. energy information administration reported on thursday that u.s. natural-gas supplies in storage declined by 117 billion cubic feet for the week ended dec. 1. on average, analysts surveyed by s&p global commodity insights forecast a weekly fall of
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-07

: U.S. stocks open higher as investors digest jobless-claims report

U.s. stocks opened higher thursday as investors digested fresh data showing initial jobless claims inched up. the dow jones industrial average djia was up 0.2% soon after the opening bell, while the s&p 500 spx rose 0.5% and the nasdaq composite comp gaine
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-07

: Atlantic Union Bank fined .2 million by CFPB for illegal overdraft fee harvesting

The consumer financial protection bureau fined atlantic union bank .2 million after it found the bank illegally enrolled thousands of customers in checking account overdraft programs, the regulator said thursday. “atlantic union bank harvested millions
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-07

: Edwards Lifesciences to spin off Critical Care unit, sets B stock buyback

Edwards lifesciences corp.’s stock ew rose 1.9% in premarket trading thursday after it said it plans to form an independent company out of its critical care unit in a tax-free spinoff transaction by the end of 2024. the business is expected to generate
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-07

: Campbell Soup says it may outpace Wall Street profit estimate for 2024

Campbell soup co.’s stock cpb was up by 0.6% in premarket trades on wednesday after the company said it may outpace analyst estimates for 2024 earnings per share. campbell soup said its first-quarter net income for the three months ended oct. 29 fell to
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-06

: United Natural Foods Q1 loss is narrower than expected but sales fall slightly short

United natural foods inc.’s stock unfi was moving between gains and losses early wednesday, after the grocery wholesaler posted a narrower-than-expected fiscal first-quarter adjusted loss, but sales that fell short of estimates. the company had a net los
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-06

: Exxon Mobil boosts share buybacks as it aims for higher production

Exxon mobil corp. xom said wednesday it’s boosting its share repurchases to billion per year from the time it closes its pioneer natural resources co. pxd acquisition in the first half of next year through 2025, up from .5 billion in 2023. the oi
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-06

: Delta Air backs Q4 and full-year guidance

Delta air lines inc. dal backed its guidance for the fourth quarter and full-year on wednesday, ahead of a presentation at the morgan stanley global consumer & retail conference. the airline is still expecting fourth-quarter eps of .05 to .30 and reven
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-06

: Altria and Philip Morris stocks fall in sympathy with BAT after news of huge writedown

Altria group inc. mo and philip morris international inc.’s stocks pm fell in premarket trade wednesday, caught up in the downdraft created by british american tobacco’s massive .5 billion writedown of its cigarette brands. bat’s stock uk:bats was
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-06

: Yum’s KFC division agrees to acquire more than 200 KFC restaurants in the UK and Ireland from franchisee EG Group

Yum brands inc.’s kfc division has agreed to acquire more than 200 kfc restaurants in the u.k. and ireland from eg group, the biggest franchisee in those countries. the deal “represents a significant opportunity to accelerate kfc’s growth strategy in
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-06

: Nikola’s stock drops 16% after EV company announces equity raise, convertible debt raise

Shares of nikola corp. nkla fell more than 16% in the extended session wednesday after the ev company said it plans to raise 0 million of stock and 0 million in convertible notes due 2026 in two separate public offerings. nikola said it plans to gran
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-06

: Bristol Myers Squibb raises dividend by 5.3%

Bristol myers squibb co. bmy said late wednesday that its board has declared a quarterly dividend of 60 cents a share, a 5.3% increase over last year’s dividend of 57 cents a share. the dividend is payable on feb. 1 to stockholders of record at the close
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-06

: Chewy’s stock drops 8% on revenue miss

Chewy inc.’s stock chwy declined 8% in after-hours trading wednesday after the online pet-supplies retailer posted quarterly results that topped analyst revenue and earnings estimates. chewy reported a fiscal third-quarter net loss of .8 million. adju
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-06

: GameStop’s stock rises on Q3 earnings beat

Gamestop corp.’s gme stock rose 0.7% in extended trading wednesday after the videogame retailer reported better-than-expected third-quarter earnings, despite missing analysts’ top-line expectations. the original meme-stock darling reported a net loss o
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-06

: ChargePoint’s stock dips on widening loss, revenue miss

Chargepoint holdings inc.’s chpt stock declined 1% in after-hours trading wednesday after the network of electric-vehicle charging stations posted quarterly results. chargepoint reported a fiscal third-quarter net loss of 8.2 million, or 43 cents a sh
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-06

: U.S. stocks finish lower as S&P 500, Dow industrials suffer three straight sessions of declines

U.s. stock indexes ended lower on wednesday, with the s&p 500 spx and the dow jones industrial average djia booking a third straight session of losses as investors awaited more labor-market data for clarity about the state of the economy. the dow industria
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-06

: JPMorgan Chief Jamie Dimon says crypto-funded terrorism, crime proves governments should ban cryptocurrencies

An earlier version of the headline for this article misspelled the name jpmorgan chase. the story has been corrected. jpmorgan chase & co. jpm chief executive jamie dimon told lawmakers they should crack down on cryptocurrency transactions by terror groups
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-06

: Sphere shares soar after Macquarie raises price target to

Shares of sphere entertainment co. sphr rose 8.7% wednesday after macquarie equity research raised its price target to from . the entertainment venue’s stock is on pace for its largest daily percentage increase since oct. 2, 2023, when it rose 11.
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-06

: U.S. oil futures fall a fifth session to settle at lowest since late June

Oil futures fell for a fifth straight session wednesday, leading u.s. prices to settle below a barrel for the first time in more than five months. “the market is doubtful about the efficacy of opec’s latest output cuts,” said fawad razaqzada, mar
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-06

: Meta tests new AI features

Facebook parent meta platforms inc. meta said wednesday it is testing more than 20 generative-ai features, including in search and in ads across facebook, instagram, messenger and whatsapp, before deploying them globally. the ai rollout builds off comments
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-06

: Regulators studying Comerica tech issue that led to trust client account errors: WSJ

An upgrade of comerica inc.’s cma technology platform inadvertently caused millions of dollars in account shortfalls in its wealth management trust unit, the wall street journal reported on wednesday. the office of the comptroller of the currency is stud
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-06

: EIA reports a weekly drop in U.S. crude supplies, but rise in gasoline, distillates

The energy information administration on wednesday reported that u.s. commercial crude inventories fell by 4.6 million barrels for the week ended dec. 1. on average, analysts polled by s&p global commodity insights expected the report to show a decline of
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-06

: McDonald’s targeting 50,000 restaurants by 2027

Mcdonald’s corp. mcd said wednesday it plans to open 10,000 new restaurants by 2027 in what the company described as the fastest period of growth in company history. the new additions would bring the fast-food giant’s restaurant total to 50,000. mcdona
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-06

: U.S. stocks open higher after Dow’s first back-to-back losses in a month

U.s. stocks opened higher on wednesday following the first back-to-back declines for the dow in a month as investors shrugged off weak employment data, while treasury yields continued to decline. the s&p 500 spx gained 22 points, or 0.5%, to 4,589, the nas
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-06

: NIO’s stock rises on report of plans to spin out battery unit

Nio inc.’s stock nio was up by 3.2% in premarket trading on wednesday after reuters reported the chinese electric-car maker may spin off its battery-manufacturing business as early as 2024. citing three people familiar with the company, the report said s
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-06

: Ollie’s Bargain Outlet’s stock gains as retailer hikes its profit view

Ollie’s bargain outlet holdings inc.’s stock olli was up 4.6% in premarket trading wednesday after the retailer’s third-quarter earnings beat the factset consensus estimate. the company also raised its 2023 earnings outlook to between .77 a share a
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-06

: Pharvaris shares surge as treatment for severe swelling meets clinical trial goal

Shares of pharvaris n.v. phvs jumped 40% premarket on wednesday after the switzerland-based company said an investigational drug met its primary goal in a clinical trial for treatment and prevention of hereditary angioedema attacks. the attacks can cause r
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-06

: Brown-Forman’s stock slides 4.7% after earnings fall short of estimates

Brown-forman corp.’s stock bf.b slid 4.7% early wednesday, after the parent to jack daniel’s whiskey posted weaker-than-expected fiscal second-quarter earnings and said a challenging operating environment has it tempering its expectations for the year.
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-06

: InMode’s stock slides 13% after Israeli medtech company issues profit warning

The stock of inmode ltd. inmd, an israeli medical tech company, fell 13% early wednesday, after the company cut its full-year guidance to reflect stronger-than-expected headwinds from the current macro environment, that was causing a slowdown in platform
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-06

: AutoZone same-store sales match estimate

Autozone inc.’s stock azo was down by 1.5% in premarket trading on tuesday after the auto parts retailer matched the factset consensus estimate for fiscal first-quarter same-store sales growth of 2.1%. autozone’s first-quarter sales rose 5.1% to .19
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-05

: Folgers parent J.M. Smucker beats profit estimates but sales fall slightly short and company lowers guidance

J.m. smucker co.’s stock sjm rose about 1% in premarket trade tuesday, after the parent of folgers coffee and jif peanut butter beat profit estimates for the third quarter, while sales fell slightly short and it lowered its full-year guidance. orrville
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-05

: Keds parent Designer Brands’ stock craters 22% after earnings miss as company slashes full-year guidance

Designer brands inc.’s stock dbi slid 22% premarket tuesday, after the parent to footwear brands, including keds, lucky brand and vince camuto, posted weaker-than-expected third-quarter earnings and cut its guidance. columbus, ohio-based designer brands
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-05

: CVS Health’s stock pops 3% after it offers above-consensus revenue guidance for 2024

Cvs health inc.’s stock cvs rose 3% premarket tuesday, after the drug-store chain backed guidance for 2023 and set guidance for 2024 with revenue that’s comfortably above consensus. the company said it expects 2024 adjusted eps of at least 8.50 on reve
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-05

: Nio loss widens while vehicle sales climb 46%

Nio nio on tuesday said it lost 4.56 billion chinese renminbi, wider than the 4.11 billion renminbi it lost in the year-earlier quarter, while revenue more than doubled to 19.07 billion renminbi as vehicle sales rose 46%. on an adjusted basis, the ev maker
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-05

: Five9 says it is not pursuing a sale

Five9 inc. fivn said tuesday it was approached with an acquisition opportunity, but is not pursuing any deal. the cloud-based software provider was reacting to a bloomberg report on monday that said it was mulling a possible sale after a bid by zoom video
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-05

: Mastercard raises dividend by 16%

Mastercard inc. ma late tuesday said that its board has declared a quarterly cash dividend of 66 cents a share, a 16% increase over the previous dividend of 57 cents per share. the dividend will be paid on feb. 9 to shareholders of record on jan. 9. the bo
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-05

: Asana’s stock is falling after another quarterly loss

Asana inc.’s asan stock dropped 6% in extended trading tuesday after the software company reported quarterly results. asana reported a fiscal-third-quarter net loss of .8 million, or 28 cents a share, compared with a net loss of 0.9 million, or 49
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-05

: Dow sees first back-to-back losses in a month as Apple retakes trillion

U.s. stocks finished mostly lower on tuesday, with the dow logging back-to-back losses for the first time in nearly a month, while a rally in megacap technology stocks helped boost the nasdaq. apple inc.’s aapl gains on tuesday saw it end the session wit
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-05

: U.S. oil futures drop to a 5-month low

Oil futures on tuesday stretched their losses into a fourth consecutive session, pulling u.s. prices to their lowest settlement since early july. “the opec+ decision was a clear disappointment last week due to both the underwhelming amount of additional
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-05

: Airbnb names new CFO, creates new role to oversee international expansion

Airbnb inc. abnb on tuesday named ellie mertz its new chief financial officer, with outgoing cfo dave stephenson set to become the company’s first-ever chief business officer. airbnb also said that head of hosting catherine powell is moving to an adviser
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-05

: Lower lithium prices weigh on Albermarle as UBS cuts price target

Chemical company albermarle corp. alb saw its common stock price drop 4.4% on tuesday as the biggest decliner in the s&p 500 spx. ubs cut its price target for albermarle to 0 a share from 0 on lower lithium prices, which have fallen amid lower-than-e
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-05

: NYC Mayor Adams to launch lithium-ion battery-charging pilot program in early 2024 for delivery workers to safely charge bikes

New york city mayor eric adams said tuesday his administration is launching a new, lithium-ion battery-charging pilot program early in 2024, that will allow an initial group of delivery workers to safely charge their bikes in public. “the pilot will test
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-05

: KeyCorp stock falls on lower non-interest income forecast

Keycorp.’s stock key was down 3.8% on tuesday after the bank lowered its fourth-quarter outlook for non-interest income to drop by 5% to 8% from the previous quarter. the bank’s prior estimate was for an increase of 1% to 3%. keycorp expects fourth-qua
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-05

: Procter & Gamble to book more than billion in charges for limited restructuring and Gillette impairment

Procter & gamble co. pg said tuesday it’s planning a restructuring of its business operations, primarily in certain enterprise markets, including argentina and nigeria, to address “challenging macroeconomic and fiscal conditions.” the consumer good
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-05

: U.S. stocks open lower as rally remains on pause ahead of crucial jobs report

U.s. stocks opened lower on tuesday as the market’s recent rally remained on pause ahead of a slew of economic data that will likely decide the future of interest-rate cuts by the federal reserve next year. the dow jones industrial average djia was falli
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-05

: Wells Fargo to book up to nearly billion in Q4 severance costs

Wells fargo & co.’s wfc stock was down by 0.4% on tuesday after the bank said it plans to book 0 million to nearly billion in fourth-quarter severance costs. chief executive charlie scharf said at the goldman sachs u.s. financial services conferenc
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-05

: Philip Morris backs full-year profit guidance ahead of conference

Philip morris international inc. pm backed its full-year profit guidance on tuesday, and said it expects organic top-line growth and double-digit, currency-neutral adjusted eps growth. “this is underpinned by the continued strength of our smoke-free port
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-05

: Replimune shares plunge as skin cancer therapy fails to meet primary clinical-trial goals

Replimune group inc. shares repl dropped more than 40% premarket on tuesday after the biotech company said an investigational cancer therapy had failed to meet its primary goals in a clinical trial in skin cancer. the therapy, rp1, was studied in combinati
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-05

: DSW parent Designer Brands’ stock craters 34% after earnings miss as company slashes full-year guidance

Designer brands inc.’s stock dbi slid 34% premarket tuesday, after the parent to footwear brands, including keds, lucky brand and vince camuto, posted weaker-than-expected third-quarter earnings and cut its guidance. columbus, ohio-based designer brands
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-05

: Eli Lilly’s new obesity drug Zepbound added to major PBM formularies as it hits pharmacy shelves

Eli lilly & co. lly said tuesday its new obesity drug zepbound has been added to a major pharmacy benefit manager’s preferred formulary, or list of covered drugs, as it hits u.s. pharmacy shelves. zepbound, which was approved by the u.s. food and drug ad
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-05

: AutoZone stock rises after Q1 earnings per share beat analyst estimate

Autozone inc.’s stock azo was up by 1% in premarket trading on tuesday after the auto parts retailer said its profit rose 10%m as its same-store sales growth of 2.1% matched the factset consensus estimate. autozone’s first-quarter net income rose to
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-05

: J&J’s stock slightly higher as company offers guidance for 2024 and longer term

Johnson & johnson’s stock jnj was slightly higher premarket tuesday, after the healthcare company set guidance for 2024 and for the longer term, ahead of an investor day at the new york stock exchange. the company said it expects 2024 sales to grow 5% to
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-05

: Virgin Galactic shares tumble after Sir Richard Branson rules out further investment

Shares of virgin galactic holdings inc. spce fell 14.1% in premarket trades monday after founder sir richard branson ruled out further investment in the space-tourism company. in an interview with the financial times branson said that his business empire w
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-04

: SilverSun Tech to get billion investment from Jacobs Private Equity as part of spin-off plan

Silversun technologies inc. ssnt said monday jacobs private equity ii llc agreed to invest billion in cash into the company including money from co-investor sequoia heritage and others. jacobs private equity ii will become the majority stockholder of si
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-04

: Alaska Air downgraded to market perform from strong buy at Raymond James as Hawaiian deal likely to weigh on sentiment

Alaska airlines inc. ‘s stock alk was downgraded to market perform from strong buy by raymond james on monday, after it announced it would acquire hawaiian airlines parent hawaiian holdings inc. ha for a share, or a 270% premium over its closing pric
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-04

: General Motors stock up 1.2% premarket after Mizuho upgrades to buy now that UAW strike is over

General motors co.’s stock gm rose 1.2% in premarket trade monday, after mizuho upgraded the stock to buy from neutral and said the car maker has several catalysts for a move higher now the uaw strike is over. these include that estimated costs of wage
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-04

: Hawaiian Air’s stock soars 174% after Alaska acquires airline for a 270% premium

Hawaiian holdings inc.’s stock ha soared 174% in premarket trade monday, after alaska air group inc. alk announced a deal to acquire the parent of hawaiian airlines for about .9 billion. under the terms of the deal, alaska air will pay a share in
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-04

: State Street taking full ownership of India joint venture with HCLTech

State street corp. stt said monday it will take full ownership of a joint venture in india called statestreet hcl services. financial terms were not disclosed. “bringing the state street hcl services capabilities and expertise in-house will create a more
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-04

: AT&T could spend almost billion through new open-network collaboration with Ericsson

Corrected with a&t planning to run 70% of its wireless traffic through open-capable platforms by late 2026.at&t inc. t said monday afternoon that it will collaborate with ericsson to build “a more robust ecosystem of network infrastructure providers and
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-04

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