Bed Bath & Beyond warns of potential bankruptcy
Bed Bath & Beyond warned Thursday it’s running out of cash and is considering bankruptcy.The retailer, citing worse-than-expected sales, issued a “going concern” warning that in the upcoming months it likely will not have the cash to cover expenses, such as lease agreements or payments to suppliers. Bed Bath said it is exploring financial options, […]
Dow closes 300 points lower after strong jobs data signals more rate hikes
Stocks fell Thursday after jobs data showed the labor market is still strong despite the Federal Reserve’s interest rate hikes to tame inflation.The Dow Jones Industrial Average fell 339.69 points, or 1.02%, to 32,930.08. It was weighed down by Walgreens, which lost 6.13% after earnings showed a $5.2 billion opioid litigation settlement drove a quarterly […]
Silvergate Capital, Walgreens, Amazon and more
People walk by a Walgreens, owned by the Walgreens Boots Alliance, Inc., in New York City, November 26, 2021.Andrew Kelly | ReutersCheck out the companies making headlines and moves in premarket trading.Walgreens Boots Alliance — The drugstore stock fell about 2% in premarket even after the company reported fiscal first quarter earnings that beat analyst […]
Wynn Resorts, Microsoft, Honeywell, Salesforce and more
The Wynn Resorts logo stands illuminated as people sit by the fountain at the Wynn Macau casino resort in Macau, China, on Tuesday, July 24, 2018.Pual Yeung | Bloomberg | Getty ImagesCheck out the companies making the biggest moves midday:Wynn Resorts — The casino operator’s stock jumped 6.18%, building on its solid start to 2023. […]
LIVE Video: President Biden Delivers Remarks About His Economic Plan: 01/04/23 – 1:45PM ET
President Biden will speak about his economic plan and its impact on U.S. infrastructure and American communities in Kentucky on Wednesday. Source link
General Electric, Salesforce, Alibaba and more
Cincinnati – Circa September 2021: General Electric Global Operations Center.jetcityimage | iStock Editorial | Getty ImagesCheck out the companies making headlines in premarket trading.General Electric — GE HealthCare Technologies begins trading as a separate company on the S&P 500 Wednesday. GE, in 2021, revealed plans to break up into three companies so it can focus […]
Tesla, Wynn, Traeger, Amazon and more
Tesla charging stations at a car showroom in the morning light. The expansion of the charging infrastructure is still not progressing as desired. Jan Woitas | Picture Alliance | Getty ImagesCheck out the companies making headlines in midday trading.Tesla – Shares of Tesla shed 12.2% after the company announced fourth-quarter vehicle deliveries that fell short of […]
Tesla, Coty, PayPal and more
A Tesla vehicle is displayed in a Manhattan dealership on January 30, 2020 in New York City.Spencer Platt | Getty ImagesCheck out the companies making the biggest moves in the premarket:Tesla — Shares fell 5% after reporting a record 40% growth in deliveries. However, the numbers missed analyst expectations. JPMorgan analyst Ryan Brinkman cut his […]
TG Therapeutics, Micron Technology, ChargePoint and more
A ChargePoint station at the New Carrollton Branch Library in New Carrollton, Md.Tom Williams | Cq-roll Call, Inc. | Getty ImagesCheck out the companies making headlines in midday trading.TG Therapeutics — Shares jumped more than 9% after the biotech company announced this week that the U.S. Food and Drug Administration approved its treatment for relapsing […]
Shaw Communications, Li Auto, Southwest and others
Check out the companies making headlines before the bell:Shaw Communications (SJR) – Canada’s Competition Tribunal dismissed an attempt by the country’s competition watchdog to block the $26 billion acquisition of the telecom company by rival Rogers Communications (RCI). Shaw surged 10.1% in the premarket, while Rogers gained 0.4%.Li Auto (LI) – Li Auto said it […]