Stocks moved sharply higher over the course of the trading session on Friday, benefiting from a substantial rebound by shares of Deutsche Bank. With the gains, the major averages more than offset the pullback seen in the previous session.
Republican Congressman Joe Heck, R-Nev., has pulled out to a slim lead in the Nevada senate race, according to the results of a new Suffolk University poll. Thirty-eight percent of likely Nevada voters support Heck, while 35 percent favor Democratic former state attorney general Catherine Cortez Masto.
New polls conducted following the first presidential debate show Democratic nominee Hillary Clinton leading Republican rival Donald Trump in three potentially key battleground states. The polls showed Clinton with a four-point lead over Trump in Florida and seven-point advantages in both New Hampshire and Michigan.
Cloud-computing company Nutanix made a stunning debut on Friday on the Nasdaq Stock Market opening 66 percent above its IPO price.
NTNX opened at $26.50 on Friday, after pricing its shares at $16 per share. Nutanix is currently trading at $33.78, up 111.12%.
Nutanix had priced its IPO of 14.87...
Former Miss Universe Alicia Machado remains in Donald Trump's crosshairs, with the Republican presidential nominee describing the beauty pageant winner as "disgusting." Trump has been critical of Machado for gaining weight after her Miss Universe victory and stepped up his attacks on Twitter early Friday.
Hedge fund Elliott Management, controlled by activist investor Paul Singer, has boosted its stake in Mentor Graphics to 8.1 percent.
The hedge fund said Mentor is "deeply undervalued" and asked the company's board to increase shareholder value and explore strategic alternatives.
Elliott said it...
Activist investor Ralph Whitworth died on Thursday at the age of 60, after battling throat cancer.
Whitworth died at UC San Diego Medical Center. Whitworth had resigned as chairman of Hewlett-Packard Co. in July 2014 and took a leave of absence in order to focus on his health.
He had co-founded...
Stocks have moved notably higher over the course of the trading session on Friday, largely offsetting the pullback seen in the previous session. The rebound on the day comes as traders continue to keep a close eye on developments regarding Deutsche Bank (DB).
Electric car maker Tesla's Chief Elon Musk confirmed that there will be no discount on new cars. Through several tweets and an email addressing its employees, Musk said, "It is absolutely vital that we adhere to the no negotiation and no discount policy that has been true since we first started taking orders 10 years ago."
Shares of National Beverage Corp. fell about 15 percent on Wednesday after short selling firm Glaucus Research Group has said it is shorting the soft-drink maker and accused the company of manipulating earnings. In a research report, Glaucus alleged that National Beverage achieved its "remarkable history of financial performance in part by manipulating earnings."
Republican presidential nominee Donald Trump has denied a recent Newsweek report that he violated the U.S. trade embargo against Cuba, claiming the reporter has a bad reputation. "I never did business in Cuba," Trump said in an interview with NH1 News in New Hampshire on Thursday.
Stocks have moved mostly higher in early trading on Friday, regaining some ground following the sharp pullback seen in the previous session. The major averages have moved back to the upside, extending a recent seesaw trend.
Renault SA has signed a deal with Iran's government to create a joint venture in Iran, which will enable the French automaker to grow significantly in that country. The joint venture is also expected to give a boost to Iran's fast-growing car market, as the country tries to attract foreign investment after international sanctions over its nuclear program ended a year ago.
After initially reporting no change in U.S. consumer sentiment in the month of September, the University of Michigan released revised data on Friday showing a bigger than expected improvement in consumer sentiment during the month.
Reflecting a notable acceleration in the pace of production growth, MNI Indicators released a report on Friday showing Chicago-area business activity grew at a much faster than expected rate in the month of September. MNI Indicators said its Chicago business barometer jumped to 54.2 in September from 51.5 in August.