What happened
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 closed on Wednesday.
What happened
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.
NEW YORK (Reuters Breakingviews) - Citigroup’s decision to choose Jane Fraser as its next chief executive shows that it is becoming the U.S. banking industry’s ESG leader. Granted, that’s a relatively low bar on environmental, social and governance criteria alike.
As new traders flood the market, a return to the basics may help novices understand the fundamentals of options trading. To better assist them, we will be running posts diving into the finer details of options education. This week, we are exploring how weekly and monthly options
What happened
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, the vote came around 2 a.m. EDT on Thursday morning after a 13-hou
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 which it was administered to 6- to 11-year-old patients, met both its primary endpoin
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 on sports fans -- there was no four-week preseason -- will fans care? Will main
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 and Space Administration (NASA) is proposing in its latest contract announcement.
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, despite persistent rumors that it might. However, while speaking to The Hollywoo
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 in Germany, Europe's biggest pork producer and exporter. Plant-based faux meat man
What happened
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 Sept. 18, 2020.
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 higher than expected. The Labor Department reported 884,000 initial claims for th
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.
(RTTNews) - The Switzerland stock market, which spent just a few minutes above the flat line on Thursday, that too at three different stages of the day's session, ended the day with a modest loss as investors largely stayed cautious, looking for direction.
What happened
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 dilute existing shareholders, it isn't surprising that investors are s
What happened
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 report. There was no news out on Wayfair, but the results from RH,
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