Nikola Inc. NKLA, -6.67% shares declined toward an all-time low in after-hours trading Thursday, as the car maker announced plans to sell shares. Nikola announced a plan to sell $100 million in stock, along with a concurrent direct offering with an unnamed investor for another $100 million. The stock fell more than 5% in the …
Continue reading “Nikola stock falls toward another record low as share sale announced”
Shares of VirnetX Holding Corp. VHC, -16.47% have pulled a sharp about face Thursday, to tumble 14.0% in afternoon trading after rocketing as much as 57.6% at at its intraday high, after the internet security software company confirmed that an appeals court invalidated two patents, that were part of a patent litigation with Apple. The …
Gold futures finished at their highest in over a year on Thursday, after briefly touching highs above $2,000 an ounce. “Gold continues to find support on the dips as it remains supported by falling interest rate expectations, a weakening U.S. dollar, some safe-haven demand, as well as strong physical demand from China,” said Fawad Razaqzada, …
Continue reading “Gold futures settle at highest in more than a year, near $2,000 an ounce”
The Federal Reserve and the U.S. Treasury Department on Thursday fined Wells Fargo & Co. a combined $97.8 million for “deficient oversight” that allowed the bank to allegedly violate U.S. sanctions regulations, as the latest in a series of enforcement actions against the megabank. The bank’s Wells Fargo Bank N.A. unit violated U.S. sanctions by …
U.S. stocks opened higher Thursday, after a government report showed a rise in initial jobless claims. The Dow Jones Industrial Average DJIA, +0.26% was up 0.5% soon after the opening bell, while the S&P 500 SPX, +0.53% rose 0.6% and the technology-heavy Nasdaq Composite COMP, +0.76% gained 0.7%, according to FactSet data, at last check. …
Continue reading “U.S. stocks open higher after jobless claims report”
Shares of Bed Bath & Beyond Inc. BBBY, -16.23% sank 3.6% toward a record low in morning trading Thursday, after the troubled home goods retailer said it launched an at-the-market offering to sell up to $300 million worth of its common stock. That compares with the company’s current market capitalization of $90.3 million. B. Riley …
Meta Platforms Inc. META, +2.33% reportedly plans to let European Facebook and Instagram users opt out of some personalized advertisements, The Wall Street Journal said Wednesday. The company intends to let users in the EU opt for a version of Meta’s services that only feature less personalized ads based on broad targeting categories, according to …
Continue reading “Meta will allow EU users to opt out of some ad targeting: report”
U.S. stocks finished higher on Wednesday as investors waited on an update on inflation due Friday that could help inform how many more rate hikes to expect from the Federal Reserve. The S&P 500 index SPX rose about 56 points, or 1.4%, ending near 4,027, according to preliminary FactSet data, the highest close since March …
Continue reading “S&P 500 ends above 4,000 mark on Wednesday, posting highest close in 3 weeks”
The Manhattan grand jury probing former President Donald Trump’s alleged role in a hush money payment to a porn star isn’t expected to hear evidence in the case for the next month, reports said Wednesday. Politico said the break is largely due to a previously scheduled hiatus, citing to a person familiar with the proceedings. …
Continue reading “Trump grand jury to take break for most of April: reports”
The Energy Information Administration on Wednesday reported that crude inventories fell by 7.5 million barrels for the week ended March 24. On average, analysts forecast a decline of 5.5 million barrels, according to a survey by S&P Global Commodity Insights. The EIA report showed a weekly inventory decline of 2.9 million barrels for gasoline, while …
