logo

Breaking News

Share

wallstreet july24 19aug22 After ending Thursday's choppy session modestly higher, stocks showed a substantial move back to the downside during trading on Friday. The major averages came under pressure early in the session and remained firmly negative throughout the day.

wallstreet aug23 19aug22 Stocks moved sharply lower early in the session on Friday and continue to see significant weakness in afternoon trading. With the pullback on the day, the major averages have more than offset the modest gains posted in the previous session.

The U.S. dollar appreciated against its major counterparts in the New York session on Friday, in response to comments from several Federal Reserve officials affirming the need for more policy tightening to battle high inflation. In an interview with the Wall Street Journal, St. Louis Fed President...

uscovid dec08 19aug22 After several weeks, an overall fall in all Covid-19 metrics has been reported in the United States in the last fortnight. The number of daily Covid positive cases has decreased by 19 percent in the last two weeks, New York Times' latest tally shows. A three percent decline in Covid casualties has also been reported in the same period.

violence aug19 On September 15, President Joe Biden will host the "United We Stand Summit" at the White House. White House Press Secretary Karine Jean-Pierre said the summit is being organized to counter the corrosive effects of hate-fueled violence on American democracy and public safety, highlight the response of the Biden Administration and communities nationwide to these dangers, and put forward a shared vision for a more united America.

wallstreet aug13 19aug22 Stocks have moved sharply lower in morning trading on Friday, more than offsetting the modestly higher close seen in the previous session. The major averages have all moved to the downside, with the tech-heavy Nasdaq leading the pullback.

Enstar Group Limited (ESGR), through its subsidiary Cavello Bay Reinsurance, will end its involvement in Enhanzed Re, a joint venture with Allianz. It is eliminating all catastrophe exposure. Enstar noted that it is transferring its share in the joint venture to Allianz. Cavello Bay and Allianz...

fl bke 081922 Specialty athletic retailer Foot Locker, Inc. reported Friday a second-quarter net profit that plunged from last year, hurt by a sales decline amid markdowns. Quarterly sales met Street estimates. The company also trimmed it adjusted earnings and sales growth guidance for the full-year 2022.

wallstreet oct26 19aug22 After ending yesterday's choppy trading session modestly higher, stocks may come under pressure in early trading on Friday. The major index futures are currently pointing to a notably lower open for the markets, with the S&P 500 futures down by 1 percent.

Citigroup Global Markets Limited, an arm of Citigroup Inc. (C), has been fined by the UKs Financial Conduct Authority or FCA for 12.553 million pounds, the British financial regulator said on Friday. The penalty follows the broker's failure to properly implement the Market Abuse Regulation (MAR) related...

GI Alliance said its physician owners, which now own approximately 70% of the company, have agreed to repurchase the minority equity stake held by Waud Capital Partners. The deal values GI Alliance at $2.2 billion and is being led by funds managed by affiliates of Apollo (APO), within its Hybrid Value...

CBAK Energy Technology, Inc. (CBAT) said its subsidiary, Nanjing CBAK, has entered into a strategic partnership agreement with Welson Power, a China-based new energy company. Nanjing CBAK will supply its Model 32140 batteries to Welson Power which will sell the products to overseas market, mainly India,...

Wayfair Inc. (W) Friday announced a job cut of approximately 870 employees as part of realignments. The company said the reduction represents approximately 5 percent of the global workforce and approximately 10 percent of its corporate team. As part of substantial reductions in its third-party labor...

Catalyst Biosciences, Inc. (CBIO) announced that JDS1, LLC, one of its stockholders, has dismissed lawsuits against the company. JDS1 and certain of its affiliates have also agreed to a customary standstill and voting commitment, and the parties have entered into mutual releases. The company has agreed...

Old Republic International Corporation (ORI) announced its Board of Directors has declared a regular quarterly cash dividend on its common stock of 23 cents per common share. This dividend is payable on September 15, 2022 to shareholders of record on September 1, 2022. The full year's cash dividend is...

Follow RTT