News
Bristol Myers Squibb Declares Fresh Dividend; Yield Is 3.1%
Bristol Myers Squibb (NYSE: BMY), one of the more reliable dividend payers in the pharmaceutical industry, is getting set to hand out its new distribution. On Thursday, the sprawling company's board
S&P 500 Drops 60 Points on Volatile Day: Oil Stocks Fall Sharply, Apple Leads Tech Stocks Down Again
The S&P 500 Index (SNPINDEX: ^GSPC) has been doing its best yo-yo impression over the past week. Today's close was almost 1.8% lower, giving up almost 60 points after gaining 67 points, or 2%,
Is the Stock Market About to Crash Again?
Thursday brought another bout of volatility to the stock markets, which started the day on the upside but then reversed to move sharply lower. New data on first-time unemployment claims didn't show
Microsoft Teams Will Power an NFL Virtual Fan Experience
For several years, Microsoft (NASDAQ: MSFT) has had a notable presence on the fields of National Football League games through a sponsorship with its Surface tablet brand. Now it'll be in the
Why SunPower's Stock Got Crushed on Thursday
Shares of SunPower Corporation (NASDAQ: SPWR) fell as much as 10.7% Thursday after the company hosted an analyst day and provided updated full-year guidance. The stock closed the day down 9.1%.
Reversal Drops Nasdaq 222; Nikola Challenged; SunPower Darkens Outlook
The stock market has been resilient in 2020, but skeptical investors wonder how long the good times can last. For the Nasdaq Composite (NASDAQINDEX: ^IXIC) in particular, record highs have come even
Why DraftKings Stock Rose Today
Shares of DraftKings (NASDAQ: DKNG) were up 5.4% by the close of trading on Thursday, just a few hours before the opening game of the National Football League's 2020 season.
Despite a dearth of
Why Virtusa Stock Just Jumped 24%
Shares of IT consultant Virtusa (NASDAQ: VRTU) are up 23.8% in 9:55 a.m. EDT trading on news that private equity firm Baring Private Equity Asia (BPEA) will acquire the company in a merger
Why AMC Entertainment Stock Dropped 5% Today
Shares of movie meister AMC Entertainment (NYSE: AMC) lost 5.2% in Thursday trading and continued to fall in the after-hours. There's been no "new" news today to explain the decline, so I can only
Why Purple Innovation Stock Jumped More Than 12% While the Market Fell
Shares of Purple Innovation (NASDAQ: PRPL) jumped 12.2% higher on Thursday after the bedding maker priced a secondary offering at $18.50 per share, over $1.50 per share below where the stock had
Why Overstock Jumped More Than 20% Today
Shares of Overstock.com (NASDAQ: OSTK) jumped 25% this morning and remain up 9% as of 3:55 p.m. EDT. The gain is related to news on a cryptocurrency subsidiary of the online retailer.
Overstock has
K12 Stock Plummets After Major School Board Stops Using the Platform
Shares of distance-education company K12 (NYSE: LRN) were plummeting on Thursday, after Florida's Miami-Dade School Board unanimously voted to stop using the platform. According to the Miami Herald
Vertex Pharmaceuticals Reports Positive Phase 3 Results in Children for Blockbuster CF Drug
Vertex Pharmaceuticals' (NASDAQ: VRTX) blockbuster cystic fibrosis drug Trikafta might soon have a larger addressable market. The company announced Thursday that a phase 3 trial of the drug, in
AstraZeneca CEO Expects Interim Results from Paused Coronavirus Vaccine Trial Before End of 2020
Progress on AstraZeneca's (NYSE: AZN) coronavirus vaccine candidate took a breather this week after an adverse health event triggered a pause in enrollment at trial sites around the globe. Despite
Will the NFL Help or Hurt DraftKings?
Football is in the air. The NFL season kicks off on Thursday night, and this has historically been a good time for DraftKings (NASDAQ: DKNG). However, with the football season literally springing up
NASA Is Buying Moon Rocks, No Delivery Required
Would you offer to buy something on the internet and then tell the seller not to bother delivering what you bought? Probably not. And yet, this is essentially the deal that the National Aeronautics
Will Netflix Start Buying Movie Theaters?
According to an interview with one of the company's two Chief Executive Officers, Reed Hastings, streaming service Netflix (NASDAQ: NFLX) probably won't be buying a theater chain in the near future
Beyond Meat and Tyson Foods Post Strong Gains Despite Swine Fever in Europe
Major U.S.-based pork producer Tyson Foods (NYSE: TSN) saw its share value bid up more than 4% this morning after African swine fever, also known as ASF or "pig Ebola," was confirmed to be present
Earnings From RH Have Analysts Raising Price Targets
Luxury furnishings retailer RH (NYSE: RH) reported earnings that beat consensus estimates on both the top and bottom lines, and said demand and margins were strong.
The company formerly known as
Why Agenus Is Soaring 23.6% Today
Shares in Agenus (NASDAQ: AGEN) are rallying 23.65% at 2:10 pm EDT today ahead of a planned oral presentation of clinical trial data at the European Society of Medical Oncology (ESMO) Conference on
Dow Jones Drops 100 Points as Boeing Comes Under Scrutiny, Apple Stock Resumes Decline
An early rally gave way to a decline on Thursday for the Dow Jones Industrial Average (DJINDICES: ^DJI). The Dow was down 0.5% at 1 p.m. EDT today after initial jobless claims for last week came in
LVMH Countersues Tiffany Over Disintegrating Merger Deal
Like many relationships that turn sour, the engagement of LVMH Moet Hennessy Louis Vuitton (OTC: LVMUY) to Tiffany & Co. (NYSE: TIF) is quickly unraveling and ending up in court.
A day after the
Citigroup Taps a Woman to Become New CEO
For the first time, a woman will lead one of America's largest banks.
Citigroup (NYSE: C) has announced that CEO Michael Corbat will retire from the bank after 37 years at the company, the last
Why Athenex Stock Is Down Today
Shares of Athenex (NASDAQ: ATNX) were down by 14.3% as of 1:35 p.m. EDT on Thursday, following the company's announcement of the pricing of a public offering of common stock. With Athenex set to
Why Wayfair Stock Jumped Today
Shares of Wayfair (NYSE: W) were climbing today, apparently in sympathy with RH (NYSE: RH) after that company smashed earnings estimates and reported strong demand in its second-quarter earnings